4 PASSIVE income ideas to NEVER be broke again! (No skills, No degree)

This video is about four passive income ideas that anyone can do, including dropshipping and joining Amazon's merch program, to make extra money each month.

This video by ENERGI was published on May 27, 2023.
Video length: 13:43.

This YouTube video titled "4 PASSIVE income ideas to NEVER be broke again!

(No skills, No degree)" discusses four passive income side hustles that anyone can do to make an extra $1,000 a month. The video starts by explaining the concept of dropshipping, where you sell products online without keeping inventory or worrying about shipping. The video then introduces a tool called Auto DS that helps with product research, importing products to your store, and order fulfillment. The video also mentions the option of making passive income through Amazon's print-on-demand service called Merch by Amazon.

The video emphasizes that while these methods may require some research and creativity, they can be profitable and accessible to beginners.

• Drop Shipping is a business model where you sell products online without keeping any inventory or worrying about shipping.
• Merch by Amazon is a program where you can create designs and put them on products like t-shirts, mugs, and phone cases.
• Investing in dividend stocks involves buying shares of companies that pay regular dividends to their shareholders.
• You can create and sell online courses on platforms like Udemy, Teachable, or Skillshare.
• Create t-shirts centered around holidays using designs from Creative Fabrica.
• Create digital products like PDF guides or templates using Canva.
• Start a YouTube, Instagram, or TikTok channel.

4 PASSIVE income ideas to NEVER be broke again! (No skills, No degree) - YouTube

Drop Shipping

• Drop Shipping is a business model where you sell products online without keeping any inventory or worrying about shipping.
• You only pay for a product from your supplier when a customer buys from you, so there's no risk when you get started.
• You can find products to sell on websites like AliExpress and use tools like Auto DS to make the process more automated and seamless.
• Auto DS helps with product research, importing products to your store, and order fulfillment.
• While Drop Shipping is beginner-friendly, you still need to do research to choose winning products and be creative in marketing them.

Merch by Amazon

• Merch by Amazon is a program where you can create designs and put them on products like t-shirts, mugs, and phone cases.
• Anyone can join Merch by Amazon, and you don't need prior experience or an audience.
• You can design your products for free using Canva and focus on holidays or popular trends.
• Once you've created your designs, you can upload them to Merch by Amazon and they will handle the printing, shipping, and customer service.
• Merch by Amazon is a passive income opportunity that allows you to earn money from the sales of your designs.

Investing in Dividend Stocks

• Investing in dividend stocks involves buying shares of companies that pay regular dividends to their shareholders.
• Dividends are a portion of the company's profits that are distributed to shareholders as cash payments.
• You can earn passive income by investing in dividend stocks and receiving regular dividend payments.
• Dividend stocks can provide a steady stream of income and potentially grow in value over time.
• It's important to research and choose dividend stocks from reputable companies with a history of consistent dividend payments.

4 PASSIVE income ideas to NEVER be broke again! (No skills, No degree) - YouTube

Creating and Selling Online Courses

• You can create and sell online courses on platforms like Udemy, Teachable, or Skillshare.
• Choose a topic you're knowledgeable and passionate about, and create high-quality course content.
• Market your course through social media, email marketing, and collaborations with influencers.
• Online courses can provide passive income as you earn money from course sales without actively teaching or providing ongoing support.
• Continuously update and improve your course to attract more students and increase your earnings.

Dropshipping and Amazon's Merch Program

• Create t-shirts centered around holidays using designs from Creative Fabrica.
• Upload the designs to Merch by Amazon with the right keywords for visibility.
• No design skills or experience required.
• Potential to make money, but not likely to become a millionaire.
• Best for beginners with no money who want to make passive income.

Selling Digital Products

• Create digital products like PDF guides or templates using Canva.
• List the products on websites or marketplaces like Koji, Etsy, or Shopify.
• Drive traffic to the products using social media or ads.
• Educational products are easier to sell and solve tangible problems.
• Requires some experience in creating the product and growing a social media following.

Becoming a Content Creator

• Start a YouTube, Instagram, or TikTok channel.
• Grow a following and establish yourself as an expert.
• Monetize through sponsorships, brand deals, and ads.
• Potential to make significant passive income with social media marketing experience.
• May face criticism from peers, but can be highly profitable.

Passive Income Ideas for Content Creation

• Creating content can be a passive income opportunity for anyone, regardless of skills or experience.
• You can make money by creating content about topics you're passionate about, such as gardening, parenting, or hair care.
• You can take an educational approach and teach others through digital products, coaching, or consulting.
• Alternatively, you can take an entertainment approach and make money through brand deals and entertaining content.
• Being a content creator opens doors to other opportunities, such as launching a product-based business or speaking at conferences.

Benefits and Difficulty of Content Creation

• Content creation teaches valuable skills that can be applied to other businesses, such as dropshipping.
• Passive income can be generated through advertising, digital products, and sponsorships.
• You don't need any experience to start creating content, just a phone and the ability to talk on camera.
• Building a following may take time and consistency, but it's not overly difficult if you're interesting and consistent.
• Content creation can be highly profitable, with the potential to make $50,000 or more per month with the right business strategies.

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4 PASSIVE income ideas to NEVER be broke again! (No skills, No degree) - YouTube