Passive Income Ideas 2019
I hope you guys are familiar with the term passive income and even if you don't, let me tell you guys what really is passive income. Well, Passive income is an income stream which makes money for you 24/7. Yes, it makes money for you at all times and you can sleep, eat, travel or make beautiful babies of your own and you will still be increasing the balance in your bank account. You just have to give a couple of hours to it and then boom you have set yourself an income stream which might if luckily generate income for you till the day you die.
Enough of this talk, so now let's move on to the real deal. What are the passive income ideas for 2019 and how you can succeed in mastering a life long stream of income. Down below I am going to mention you guys with what I think gives you a sure shot passive income stream.
1. Youtube
Youtube is the largest video sharing website on the internet. You can find various types of video in Youtube some of which may give you information, entertainment and so on. You can earn some money if you upload your own original content and can change your life upside down. According to Forbes, Youtube paid around 1 Billion Dollar in 2018 to its creators, the highest pay being 22 Million Dollar to the Ryan ToysReview.
You can make money in Youtube by numerous ways. If you can direct more traffic to your videos then you may earn through monetization feature of Youtube. Sideways, if you have your own products then it will be easier for you to market your products and hopefully increase your sales revenue. You can sell merchandise as well if you think you have loyal fans. Furthermore, you can earn comissions from Affiliate Marketing in your videos as well.
Let me give some tip to you guys on finding your Youtube Success. Make the thumbnail and Title attractive so that people want to dig inside your video. Add tags which helps to promote your video. Try uploading videos somewhat in reference to viral topics of that time. And finally try to make your videos longer that 10 minutes which allows you to insert mid roll ads and increase your Youtube revenue.
2. Blog/Website
Blogging used to be a hot pick in the early 2000s. Before Youtube, Blogging was pretty popular and was used by people to make income out of it. Videos on youtube are more preferred these days rather than reading so blogging is not in the limelight these days. However, there are even people who love reading rather than watching videos. So getting an audience is quite hard but once you get it you will be rocking your world.
You might be wondering how to make money then? It's somewhat the same as Youtube. You can place ads in your blogs or web pages, sell merchandise and your own products. Affiliate marketing is more efficient in blogs.
3. E-Commerce
Ever bought anything from Amazon, Shopify, eBay, and other online stores? I guess you are familiar with the term e-commerce if you say yes and even if you say to know you have a 90 percent chance of knowing what e-commerce is. The New Millionaires or the Millionaires of this era are being produced by these days. And recently the Billionaire has been born from the e-commerce industry.
How to start e-commerce? Well, you can find lots of courses on online selling and dropshipping, some of which may be reliable but most of the time they turn out to be a scam. So let me tip you guys on getting started. Open your account as a seller in one of the e-commerce site like Amazon, Shopify, eBay or what is available in your country. Sell hot items and give discounts on special occassions but to a certain limit. And run some ads to increase traffic to your products.
4. Digital Marketing
The days of traditional marketing are in the brink of extinction. Why? Because the audience is limited. You can run ads and increase your traffic of clients traffic while exploring the world. Yes, you must be good and competent in copywriting, marketing products alluring potential buyers and have a remarkable portfolio. You might be living your dream life then.
You must have sound knowledge on this topic to succeed because of the tough competition in the market. Most of the early staters have made a fortune and have established their empire in this game. However, newcomers can also attain success if you are a marketing genius and have crazy marketing ideas. All you need to do is learn some basics, start a digital marketing agency and let the money rolling into your bank account
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