Learn my 4 ways to earn passive income online, plus get my step-by-step tutorials for each method: easy for beginners!
Get my free 10k / month ebook: OnlineJobsPH:
Please note: this description contains affiliate links
Other videos and electronic books discussed in this video:
* How to Dropship on Aliexpress:
* Dropshipping on Amazon in front of your own store:
* The formula of 5 steps to do 10k / month online:
* Amazon FBA Private labeling guide:
When most people discuss ways to obtain passive income, they usually talk about methods that require large amounts of capital (investing in real estate or investing in the stock market). This is great, but unfortunately, most people do not have the cash or capital they need to do this. That's why I'm going to teach you how to create an online business that generates passive income (which you can then use to reinvest in those methods).
The first of my 4 ways to make passive income online: Dropshipping on Amazon
A quick overview of dropshipping: this is a form of order fulfillment. Instead of purchasing items from your wholesale supplier in advance in large quantities, you buy each item individually AFTER a customer has requested it, and send it directly to them. This means that you will not be stuck with unwanted inventory, which makes the business relatively risk free.
We have a free e-book: the 4-step formula for earning 10k / month online that describes the step-by-step method you can follow to do this with a tool called SaleHoo (see the link at the top of the video description) .
One of the benefits of dropshipping on Amazon.com is that every day millions of visitors arrive to the Amazon website, which is responsible for generating traffic for you.
This method requires manual work, however, you can do it passively by hiring a virtual assistant to fulfill and manage these types for you. An excellent place to find a VA is in Online PH Jobs, where you can hire someone with experience for $ 4-5 / hour.
The second of my 4 ways to make passive income online: Dropshipping in your own store
This is very similar to the first method, except for this method, you create your own online store and use Chinese suppliers that you find on a website called Aliexpress instead of using dropshippers in the USA. UU You find that they use SaleHoo to sell on Amazon. com.
Here are the advantages / disadvantages:
* ADVANTAGE: requires less start-up money
* DISADVANTAGE: requires that you create your own store.
* ADVANTAGE: you can eventually sell your store as an asset.
* DISADVANTAGE: it takes more time to configure than the Amazon / SaleHoo method.
If you want to make a transfer, I recommend that you choose between one of these two methods and start.
The third of my 4 ways to make passive income online: affiliate marketing
While we do not teach it on this channel, it is another way to make passive income online (and something we do).
Affiliate marketing is when you promote a product (for example, in this video I used the example of Jungle Scout). The merchant / product owner will give you a URL that tracks the sales made each time someone clicks on your URL / link. Then you will get a commission cut from the sale.
Combined with search engine traffic, this is an excellent way to earn passive income online. But be careful to promote only products that you use, know, like and trust.
And the end of my 4 ways to make passive income online: Amazon FBA private labeling
The other 3 of my ways to make passive income online can be done with small amounts of initial money as long as you have access to a credit card. However, this method will require at least a little initial cash: at a minimum, you should expect to spend at least $ 500.
For this business model, you will simply find an item with a high demand and little seller competition on Amazon.com (I have a free video tutorial that I have linked up in the description of the video that shows you how to do it using Jungle Scout). He then makes the item at a low price in China and asks them to place a unique label on it, so it is his (a process called private labeling). Then send your items to the Amazon FBA store and allow them to fulfill orders for you.
Because Amazon FBA stores handle order fulfillment, you do not have to worry about managing orders. This is the secret sauce to make this method passive!
These are my 4 ways to generate passive income online. Using the capital you generate from these businesses, you can reinvest it into passive income investments like stocks and real estate.
Video credits to Wholesale Ted YouTube channel