How I Built 5 Passive Income Streams That Earn $63,869/Mo

This video is about how the creator built five passive income streams that earn a total of $63,869 per month, including a high-yield online savings account, a print-on-demand t-shirt business, affiliate marketing, creating online courses on Udemy and Skillshare.

This video by Greg Gottfried was published on Aug 13, 2023.
Video length: 08:01.

This YouTube video is about how the creator built five passive income streams that earn a total of $63,869 per month.

The video discusses the different business models that were used to generate this income, including a high-yield online savings account, a print-on-demand t-shirt business, affiliate marketing, creating online courses on Udemy and Skillshare, and investing in real estate.

The creator provides proof of their earnings and shares tips and advice for starting these passive income streams.

• The creator built passive income online businesses that generate $30,000 to $160,000 in profit per month.
• These businesses were left untouched for two years, during which they made a total profit of $1,532,855.
• A high-yield online savings account is a safe way to store money with a high interest rate.
• Interest on the money is paid monthly as passive income.
• Create designs that people would buy on a T-shirt and upload them to print-on-demand websites.

How I Built 5 Passive Income Streams That Earn $63,869/Mo - YouTube

Passive Income Online Businesses

• The creator built passive income online businesses that generate $30,000 to $160,000 in profit per month.
• These businesses were left untouched for two years, during which they made a total profit of $1,532,855.
• Proof of earnings is provided to establish credibility.

High-Yield Online Savings Account

• A high-yield online savings account is a safe way to store money with a high interest rate.
• Interest on the money is paid monthly as passive income.
• Recommended accounts include Ally, Wealthfront, and Betterment.
• It is not a high-earning stream compared to others, but it offers a secure way to make passive income.
• Money in this account is not invested in the stock market and is 100% liquid.

Print-on-Demand T-Shirt Business

• Create designs that people would buy on a T-shirt and upload them to print-on-demand websites.
• These websites handle printing, shipping, customer service, and returns.
• Profit is earned from each sale made through the websites.
• Recommended websites include Amazon Merch, Printful, Redbubble, and TeePublic.
• Designs can be uploaded to multiple websites simultaneously for increased sales.

How I Built 5 Passive Income Streams That Earn $63,869/Mo - YouTube

Affiliate Marketing

• Partner with companies to promote their products on websites and social media.
• Earn a commission for every purchase made through referral links.
• Starting a website about a specific topic and writing blog articles is a common approach.
• Choose products that you personally use and trust to promote.
• No order taking, shipping, or customer service is required.

Creating Online Courses on Udemy and Skillshare

• Create and sell online courses on platforms like Udemy and Skillshare.
• Choose a topic you are knowledgeable about and create engaging courses.
• Earn passive income from course sales and enrollments.
• Platforms handle marketing, payment processing, and customer support.
• Promote courses through social media and other channels to increase sales.

Creating Online Courses on Udemy and Skillshare

• Sharing accumulated knowledge in a nicely organized pre-recorded online course.
• Upload courses to Udemy and Skillshare for them to handle sales, marketing, and customer service.
• You don't have to be a total expert on the topic to make a course about it.
• Focus on your skill level and cater to those who want to learn from you.
• There are thousands of people who would be willing to pay to learn from someone at your skill level.

YouTube Channel as a Passive Income Stream

• Started YouTube channel as a free version of the online courses.
• Discovered a community on YouTube that doesn't exist on Udemy and Skillshare.
• Received gratitude from viewers through comments, motivating more video uploads.
• YouTube ad revenue is a passive income source that continues to generate views for years.
• Create valuable videos for your audience, avoiding fluff.

Watch the video on YouTube:
How I Built 5 Passive Income Streams That Earn $63,869/Mo - YouTube