4 Passive Income Ideas Anyone Can Start (Easy $1,000+ Per Month)

The video is about four easy ways to make passive income online, with the goal of earning at least $1,000 per month, starting with investing in a high yield online savings account and moving on to Quora affiliate marketing.

This video by Greg Gottfried was published on Mar 12, 2023.
Video length: 19:25.

The video is about four passive income ideas that anyone can start to make over $1,000 per month.

The first idea is investing money into a high yield online savings account, which offers interest that is added to the account every month. The second idea is Quora affiliate marketing, where users can answer questions on Quora and include affiliate links in their answers to earn passive income.

The video also mentions two other ideas, but the details are not provided in the given transcript.

• Investing in a high yield online savings account is an easy way to make passive income.
• Quora affiliate marketing combines answering questions on Quora with promoting affiliate links.
• Affiliate marketing involves partnering with companies and earning a commission for each sale made through your referral.
• Choosing affiliate programs involves researching companies in your areas of interest and applying to become an affiliate.
• Using Quora for affiliate marketing involves creating a free account, searching for relevant questions, and providing valuable answers with affiliate links.
• Your answers on Quora and affiliate links can generate long-term commissions.
• Print on demand allows you to earn passive income by creating and uploading t-shirt designs to print on demand websites.
• YouTube affiliate marketing involves creating videos and promoting affiliate products in the description.
• YouTube affiliate marketing has great earnings potential but may require more effort compared to other methods.

4 Passive Income Ideas Anyone Can Start (Easy $1,000+ Per Month) - YouTube

Investing in a High Yield Online Savings Account

• Investing money into a high yield online savings account is the easiest way to make passive income.
• These accounts are not invested in the stock market, so the money you put in will always stay there.
• Capital One and Wealthfront are examples of banks that offer high yield savings accounts.
• Interest rates for these accounts can range from 3.4% to 4.55%.
• Opening a high-yield online savings account is typically free and there is usually no minimum deposit required.

Quora Affiliate Marketing

• Quora is a question and answer forum where anyone can ask a question and anyone can answer it.
• Affiliate marketing involves promoting products or services and earning a commission for each sale made through your referral.
• Quora affiliate marketing combines these two concepts by answering questions on Quora and including affiliate links in your answers.
• You can earn passive income by generating sales through your affiliate links on Quora.
• Choose a niche or topic that you are knowledgeable about and find relevant affiliate programs to join.

Affiliate Marketing

• Affiliate marketing is partnering with companies to be a brand ambassador or commission-based salesperson.
• It is free to become an affiliate for any company.
• Companies provide you with a unique clickable link to share with others.
• When someone clicks on your link and makes a purchase, you earn a commission.
• The cost for the customer remains the same, as the commission comes out of the company's profit.

4 Passive Income Ideas Anyone Can Start (Easy $1,000+ Per Month) - YouTube

Choosing Affiliate Programs

• Start by thinking about your hobbies and passions.
• Research companies in those areas that offer affiliate programs.
• For example, if you're into mountain biking, you could partner with Trek bikes.
• Find the company's affiliate program page on their website.
• Apply to become an affiliate and obtain your unique affiliate link.

Using Quora for Affiliate Marketing

• Create a free account on Quora.
• Search for questions related to your niche, such as "mountain bikes."
• Answer questions with valuable knowledge and refer to products using your affiliate link.
• For example, recommend a specific Trek bike for beginners and provide the affiliate link.
• When someone clicks your link and makes a purchase, you earn a commission.

Passive Income and Commission Rates

• Your answers on Quora and affiliate links remain active for years, allowing for potential long-term commissions.
• Trek offers commission rates of 8% on parts and accessories, 4% on all bikes, and 5% on full suspension bikes.
• With mountain bikes costing thousands of dollars, you can earn several hundred dollars per purchase.
• Trek has a 30-day cookie duration, meaning you earn a commission on any purchases made within 30 days of someone clicking your link.
• There are no costs involved in becoming an affiliate or using Quora for affiliate marketing.

Quora Affiliate Marketing

• Signing up on Quora and joining affiliate programs is free.
• Earnings potential is unlimited, as you can make money based on the percentage offered by different companies and the cost of their products.
• Quora affiliate marketing is an easy way to make passive income online.
• You can make serious money by answering questions on Quora and promoting affiliate products.
• Joining affiliate programs on Quora allows you to earn commissions on sales made through your affiliate links.

Print on Demand

• Create t-shirt designs on your computer and upload them to print on demand websites.
• When someone purchases your design, the website prints and ships the shirt, and you receive a commission.
• Print on demand allows you to earn passive income 24/7, even while you're sleeping or working.
• You don't need to set up a business entity or worry about selling the product yourself.
• The more designs you create and upload, the more sales you can potentially make.

YouTube Affiliate Marketing

• Create videos instead of written responses on platforms like Quora.
• All you need is a smartphone camera and a tripod to film your videos.
• You can earn money by promoting affiliate products in your videos and including affiliate links in the description.
• YouTube affiliate marketing has great earnings potential, but it may require more effort compared to the previous methods.
• You can start as a beginner and gradually increase your income as you gain more subscribers and views.

Section 1: YouTube Affiliate Marketing

• On YouTube, you can create videos on any topic you like, unlike Quora where you have to answer questions.
• Create a review video of a specific product and include your affiliate link in the video description.
• Cover aspects such as the product's worth, performance, and recommendation.
• Your YouTube videos and affiliate links will last forever on the platform, generating passive income over time.
• There are no associated costs to start YouTube affiliate marketing, and the earnings potential is unlimited.

Section 2: Passive Income Example on YouTube

• Even without a following, anyone can start making passive income on YouTube.
• An example video with 25,000 views over two years still generates 27-30 views every two days.
• Assuming 15 people watch the video daily and potentially make a purchase, it becomes passive income.
• The video has made about $1,000 in commission over two years, with an additional $250 from YouTube ads.
• With 10 similar videos, the monthly passive income can reach $420, and to make $1,000 per month, about 24 videos are needed.

Watch the video on YouTube:
4 Passive Income Ideas Anyone Can Start (Easy $1,000+ Per Month) - YouTube