In this post I’m going to be sharing some Passive Income Ideas To Make Bank In 2022.
And I’ll also be revealing how you can generate passive income 24/7.
And I am not going to waste your time by telling you about complicated out of date methods.
This video is not about Drop Shipping or selling physical items on sites like Facebook Marketplace or Ebay… It’s not about Air BNB.
We’ll talk about 4 of my favourite passive income ideas that are the easiest to get started and the most hands off and how you can earn an extra $500 a day, or even more using them.
Over the last 15 years of running an online business, I have pretty much come across tons of different ways to generate passive income.
These methods are without a doubt the 4 best passive income ideas that you should take advantage of if you would like to make money online from home in 2022 and beyond.
Best Passive Income Streams?
If you’ve read any of my previous posts, you’ll already know that I started off on my passive income journey, part time while I was working full time in the Airforce.
When I started, I had very little knowledge of what was the best passive income strategy and very little money to invest in starting an online business.
I had know idea which method to use to create Passive Income Ideas To Make Bank In 2022.
As I began testing out different passive income ideas online back in 2007, over the years I was fortunate enough to learn from some brilliant mentors who showed me the easiest path to generating passive income.
I’m super grateful to all of those people that I’ve met along the way from the Chef trained in France who turned into a successful online entrepreneur to the Millionaire Genius I will refer to as Mr G.
Each one of these mentors added to my life in a different way.
I would love to take you on the same journey as me.
And no matter where you are in your life you will be able to take advantage of some of these great tips and tricks that apply to you.
And you can use them to earn passive income and change your life just like I did.
So what is passive income exactly?
And what Passive Income Ideas To Make $500 Per Day in 2022?
I don’t necessarily agree with the term passive income, as it implies that you’re going to be making a ton of money by doing absolutely nothing at all.
Where nothing could be really further from the truth.
When I first heard about it, I thought it was some type of scam, you know, like a get rich quick scheme or a pyramid scheme or some kind of multi-level marketing thing where you bother your friends and family.
I am always a little skeptical when it sounds too good to be true it usually is and maybe you feel the same way as well.
Now most of us are taught to go to school and get an education and secure a good job for ourselves.
Unfortunately, we all only have 24 hours a day and most of us only work 40 hours each week…
Ways To Increase Cash Flow.
So if you want to earn passive income, then you have to figure out a way to make money while you are doing other things.
Like sleeping, or going on vacation or while your watching tv or hanging out with friends doing stuff you actually.
I have know idea why they don’t teach this in school because they should.
Just Imagine this for a moment , what if you spend a couple of days working from home on your laptop but you get paid for that work forever even when you’re asleep or on vacation.
if you want a day off or you don’t feel like working that day then it really isn’t a problem, you don’t have to ask anyone for permission to take time off you just do it.
Because with passive income, the money is still flowing in. That’s what passive income is.
Keep reading for these Passive Income Ideas To Make $500 Per Day in 2022.
It’s still a lot of work, but it is easier than working a day job because it is something you decided to do on your own terms and you make your own hours which is awesome.
Let me ask you a question, has your spouse ever asked you to take out the garbage and it annoys you.
It is ok if you thought about taking the garbage out yourself but when someone asks you it is annoying.
Generate Income With Minimum Investment Of Time.
Being in control of what you want to do when you want to do it is a big difference than being told what to do.
That is how I like to think of creating passive income.
What is great is you do a task once and then passive income just keeps paying you. The real goal is to have as many multiple income streams as possible to create financial freedom.
So eventually they can cover all of your living expenses and any extra money that you make, you can use for a real estate investment that will also grow for you in value passively.
Now again just because the term passive income makes it sound like you are doing nothing, let me just explain it again.
What you are really going to be doing is the the actual task once and then get paid for it over and over again for your efforts once the work is done, does that makes sense?
Because these passive income ideas, you will discover in this article, I have been using successfully for years to earn a passive income from home.
These are not some hypothetical ideas that you see people talking about in other blog posts or on YouTube.
These are actual strategies, I have been using for years and they still work effectively today.
These are time tested methods and not some quick passing fade or some out dated concept that no longer works.
Passive Income Stream #1
The first passive income idea we will cover is a 6.8 Billion dollar industry in the USA alone and you can do it from just about any country in the world.
Just think about that for a second, 6.8 billion in the USA alone and major online retailers participate in it as well, companies like Amazon, Costco and Walmart.
It is a 12 billion dollar industry globally and growing every year.
Let me quickly explain to you how it works if the concept is new to you.
You sign up to a companies affiliate program and then you refer their products to other people in exchange for a commission and there is no upfront investment.
I first heard about affiliate marketing back in 2007 and I have been promoting other people products in different niche markets since and it is a great business model.
The beauty of it is, that you don’t have to create products of your own and you are not responsible for customer service.
It is really pretty much a hands off type of business model and it can help you to start creating passive income for very low investment and begin to build wealth.
Not all affiliate marketing programs are a like though, I suggest you don’t get involved in the following affiliate programs because they pay you very low commissions, avoid the Amazon affiliate programs as well Walmart.
Most Passive Income Ideas Require Changing Your Outlook.
The best passive income source in regards to affiliate marketing is to join a high ticket affiliate program that pays you commissions of $1000 dollars or more per sale.
If you stick around I’ll tell you about one I am currently promoting.
Beside high ticket affiliate programs, It is also a good idea to promote recurring income affiliate programs so you can receive monthly payments.
More about how that works in a moment so stick around for that tip.
You can also build your email list at the same time. You can learn more here.
Passive Income Stream #2
Starting a Youtube Channel currently over 2.29 billion people watch videos on Youtube.
I have several Youtube channels in different niche markets and the great thing about it is, Youtube pays you a recurring income month after month for videos you shot one time.
Which is an awesome way to make more money.
I am still making money from videos I shot years ago, I know some people don’t want to show their face on Youtube or Social Media and there are tons of Youtube channels that just use a voice over and b-roll footage.
If you don’t know what B-roll is it is just various video clips that support the narration and the cool thing is you don’t have to create the b-roll clips yourself.
I use a site called Story Blocks to find 4K B-roll for my videos and it allows you to throw together a pretty cool video in a short amount of time.
If you don’t know how to edit videos you can always hire a video editor on Up Work or Fivver so if you think about it.
You can start a Youtube channel, without appearing on camera and without knowing how to shoot or edit videos yourself. All you have to do is pick a niche market and record voice overs.
Having your own Youtube channel is also a fantastic way to attract targeted traffic and which will allow you to promote affiliate products or your own digital information products which brings us to number three.
Passive Income Stream #3 Online Education.
The worldwide e-learning market is projected to be worth $324.5 Billion in 2025
You can easily create and sell your own digital information products. I believe everyone has at least one online course in them to share.
Here is where you can host your online course, learn more here.
I have sold e-books, online video training courses and I have also run monthly membership sites in different niche markets, that pay me a recurring income.
There are hundreds of different niche markets that you could potentially be selling your own digital information products in.
I’ve sold a digital video training course in the Photography niche.
Now I also suggest you have an upsell to your front end product.
That could be another higher priced course or it could be a monthly membership site with an additional high ticket coaching program or mastermind.
Now you may be thinking you don’t know what type of products to create or what market to get into.
It could be related to any topic or hobby that you are interested in that has a large potential customer base online.
I generally suggest sticking to larger online markets and then picking a smaller niche market with in the larger market.
For example in the Health market you could focus on anti aging for men or women over 50.
What Is The Best Passive Income Opportunity?
Just pick a topic that interests you and begin learning as much as you can about it, before you know it, you will become, the go to subject matter expert on the topic.
When it comes to selling your own digital information products, I suggest you stay away from platforms like Amazon or Udemy because you will want to have several upsells after you sell your initial front end product.
And those sites do not allow you to have upsells and you also can’t add your customers to your own email marketing list which is a major downside.
When it comes to self publishing your own digital information products, I’ll cover more about how to structure your front end offer and the various types of upsells in a future video.
So make sure you subscribe to my YouTube Marketing channel and hit the bell notification so you don’t miss those future videos.
Passive Income Stream #4
Is related to selling your own digital information products and it helps you to create passive income.
It is email marketing and a lot of people will tell you that email marketing is dead but the global e-mail marketing market was valued at $7.5 billion in 2020 and is projected to increase to $17.9 billion by 2027. (Statista, 2021)
- There are 4 billion daily email users. And this number is expected to climb to 4.6 billion by 2025. (Statista, 2021)
The passive income component of email marketing is that you create an automated email sequence once and as people join your newsletter, they continue to get emails from you that are sent to them automatically.
Make Passive Income Sending Emails?
Yes, the email sequence could be as small as 7 emails or as much as one email a week for the next year.
In the emails you can promote affiliate offers or your own digital products. Here is the best software tool for automated email marketing. Learn more here.
You can also send out weekly broadcast emails to your subscribers to keep them up to date with your latest free content and any new offers that you create.
You can also have seasonal sales as well.
You can also use advanced methods when you are selling your own products like a shopping cart abandon email sequence to capitalize on your customers who are very close to making a purchase but for some reason left the checkout page.
Before we go any further let me, let’s quickly re-cap.
The Top 4 Passive Income Ideas That You Can Start In 2022.
1: Affiliate marketing
2. Starting a Youtube Channel
3. Creating your own digital information products.
4. Email Marketing.
The best part is you can combine all 4 of these passive income ideas all at the same time to really ramp up and create a steady income stream in various niche markets.
If you have watched any of my other videos before or read any of my articles then you already know what the top 3 best markets online are but if you are new here…
Just to recap here are the 3 top online markets you should focus on in 2022 and beyond.
1: Wealth market and within that market there are smaller niches like, Make Money Online, Digital Information Products, Crypto Currency, Investing etc.
2. Health market and with in the market are smaller niche markets like fitness, 6 pack abs, yoga, meditation, dieting and anti-aging.
#3 Relationship market is the 3rd largest and an example of a sub niche in the relationship market could be dating, improving your marriage, raising children, recovering from a break up.
Build Passive Income By Choosing Wisely.
As you can see within the largest 3 online markets there are tons of smaller niches that you can become a subject matter expert in a short matter of time.
Which will help you when comes to creating content to attract your ideal prospects and customers.
As I mentioned earlier there is no completely passive strategy unless you invest in high dividend stocks or commercial properties that bring in rental cash flow.
With these passive income ideas you will have to do some work up front and then it begins to become a passive income stream over time.
These different passive income ideas that we covered in this post, I have all been doing for the last 15 years online from home and still continue to use the same strategies today because they are time tested and they work.
Want More Way To Start Earning Passive Income?
If you would like to learn more strategies for making money online from home, make sure you subscribe to my YouTube Marketing channel and hit that bell notification so you don’t miss any future videos.
Before you go, I wanted to touch on a few different ways for you to create recurring income streams for yourself that are passive in nature once they are set up.
In different niche markets there are tons of recurring income affiliate programs.
In the Wealth market for example there are lots of software tools that you can promote that will pay you a monthly recurring commission.
Some examples are email software, funnel software, seo tools, membership sites.
And you can also run your own monthly membership site and I know membership sites that charge as little as $7 a month and some even charge over a thousand dollars a month.
Hopefully you enjoyed this post on how to create…
More Passive Income Ideas To Make Bank In 2022.
12 passive income ideas to earn money.
- Start a dropshipping business on Amazon
- Create a print-on-demand business T-shirts
- Sell stock photos or 4k videos
- Become an Instagram influencer
- Invest in a rental property or commercial property
- Invest in the stock market with dividend stocks
- Rent out a spare room in your house
- Buy and sell websites, aka flipping websites
- Sell custom designs online, graphic or knitted
- Invest in someone else’s businesses
- Sell NFTs they are popular right now
- Record audiobooks or start a podcast
If you would like to learn more about making money online check out more of my articles.
And leave a comment below and let me know some other passive income ideas you have heard of or tried yourself.