To earn more in ad revenue, garnering more views is key. My current channel, where I make videos about entrepreneurship, investing, and financial freedom every week, currently averages around $4,000/month in ad revenue alone. In the past I made a couple YouTube channels for music, as I used to sing and play instruments, but they never really made much money. Up until recently, I never realized how doable it is to make a decent income through the platform. YouTube can be a very fulfilling side hustle and a lucrative one at that. Earn ad revenue through a YouTube channel I currently have three courses that I created inspired by my own experience: The Etsy Entrepreneur, Remote Rental Riches, and Blog Launch Profit. Once you've built the content, you can sell your course on marketplaces like Udemy or on platforms like Teachable. You want to make sure your students receive value from the course and you're helping them achieve a certain goal. To create a course, you can build video, audio, or even text content into a comprehensive curriculum getting a student from A to B.
People can access your content globally versus merely reaching people one-on-one through services or coaching. Online courses are one of my favorite ways to make passive income because you can create something impactful that helps people, with an ability to scale. Whenever people buy from your listings, you receive royalties and Amazon will print and fulfill your orders for you.Įverything is very passive with this income stream, because there is no customer support involved and everything is paid out in royalties. You can sell custom apparel by uploading designs placed on their hoodies, shirts, and other products, which will be listed on Amazon. I started my Merch by Amazon store in 2017. Merch by Amazon is another passive income stream you can pursue that requires $0 to low capital to start. I was browsing the marketplace to find people selling digital products, and I thought, "I could try this out!" I got my first taste of passive income with my Etsy shop. Here are some of the ways I make passive income, and my top tips to help inspire you to build multiple income streams for yourself.
In 2021, the passive income from my side hustles and investments actually exceeded the income from my six figure, 9-to-5 salary job. I'm investing in rental properties and growing my portfolio as well. But as a side hustle, I'm building a brand called Digital Nomad Quest to teach people what I have learned about personal finance and financial freedom. Since this life-changing stint, I've come back to a full-time position that I enjoy and learn a lot from. Developing my passive income streams and investments allowed me to increase my net worth, even with my travel expenses. Over the course of two years, I worked in cafes, explored my surroundings and learned about the kind of life I wanted for myself.
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