The Passive Income Ideas: The 7 EASIEST Ways Online Make Passive Income 2020
passive income in this video we're goingto be talking about the seven easiest ways to make passive incomeonline and what we're going to be doing iswe're going to be taking it down from number sevenwhich is my i like it but my least favorite all the way down to number onewhich is my favorite way for making passive income online hey my name is adam winnig and in thisvideo we're gonna be talking about the sevenbest and easiest ways that you can make passive income online and i know you'reprobably like me you may be heard about this world ofpassive income and you want to know what are the best ways that you can makepassive income right now in this exactly what we'regoing to be doing we're gonna take you from number sevenall the way down to number one which is my favorite way and the cool thing aboutall of these is
i think actually all of them i'veactually experimented with are currently making passive income so i'malso going to give my pros and cons for each one of these methods for makingpassive income okay if you already have a source ofpassive income go ahead and comment here below on this video and share with uswhat's your favorite way to make passive incomelet's go ahead and get started the best ideas for making passive income startingwith number seven which is to rent your car out okaythere's a website it's called turo.com it's like the airbnb of car rentals andthe reason
why i love this uh passive income stream is because it'sbasically like turning your liability like something airbnbyou upload your car and basically you can set the price for how much you wantsomebody to rent it out for and all this sort of stuff and it's niceit's easy i've done this before the only con with this method is is thatof course you're going to be out of a car occasionally so if you need to useyour car every day then this may not be a viable option foryou but i do really like this the one thing that you have to make sureis is that people amazon automation now you may have heard about this uhamazon automation there's actually people that are willing to build amazonstores for you and split the profits with you a lot ofthem will do like a 60 40 split we'll take 60 of the profits and theperson that's building the store
will take about 40of the profits and this is a really cool way to make passive income online as youknow amazon is the number one place where people are buying stuff onlineso having a storefront on amazon can be a nice source of passive incomethe only challenge with amazon automation is the fact that a lot ofthese guys require high up front fees as much as 25 or 35 000and that could stop some people from getting started with this method eventhough it is a viable method for creating passive income number five isto build a membership site what is a membership site it'ssimply a website that people have to pay every single month for access to certaininformation okay you can make a membership siteabout cars you can make a membership site abouthow to trade stocks you can make a membership site about beauty tips there's
i mean there's so much different thingsthat you can make membership sites about the thing that i loveabout membership sites is the fact that it's information sothe margins on it are amazing and the second thing is that it's recurring soit's coming in every single month now the challenge orthe con with membership sites is that you have to know how to get newsubscribers so if you're not a marketing guru you don't know much about marketingthen getting new clients is going to be a struggle for most people becauseselling a recurring service a lot of times can be a little bit challenging sothat's number five number four is to investinto stocks that pay dividends okay you've probably heard about stocktrading or stock investing and i love this method and this is somethingthat i do myself as well is investing into stocks or index fundsor etfs that pay dividends now
i personally do most of my stock investingin stock trading on vanguard they're amazing they have really cheapfees their customer service is amazing it's really good so what is a dividendit's simply uh when you own a stock or you own aportion of a company which is what a stock actuallyis obviously some of these companies decide to pay out a dividend and a lotof times they'll pay it out like once a quarterwhere you'll make a little bit of money so there's two things that you can makeon stock market um investing one is when the stockincreases in value obviously in some sort of speculation the secondthing is through its sort of dividend now the challenge well you gottahave quite a bit of money to make any sizable amount of moneywith stock trading or with stock investing especially into dividendreturning stocks a lot of times you're just going to get a little tiny bitthat'll pay out each quarter number three favorite
way to make passive income online is by selling an online coursei've done this a lot uh in my time and the reason that i love selling onlinecourses because you have amazing amazing margins and a lot of times you can sellonline courses for 500 1 000 2 000 we even sold some of our online trainingprograms for up to ten thousand dollars and more and so the best part aboutselling courses online is that you have these amazing marginsand the fact is
is that it's fun a lot of times you can buildaround something that you're passionate aboutnow the con to doing this is that again you need to know how to doonline marketing if you're not familiar with online marketing then maybe astruggle to actually learn how to sell your course but this is an amazingamazing way that you can make passive income onlinemy second favorite way that you can make moneypassively online is by being an affiliate of a sascompany what is a sas company it's a software as a service companymost softwares have recurring revenue meaning thatyou know people are on a subscription so if you refer a client to them they'llpay you month after month after month as long as the client is active using their service
and the reason i love this is becauseyou don't have to actually create a softwareall you got to do is refer clients to them and on top of thatit's the recurring aspect right that people stay on it i've been an affiliatefor several different companies and this is something that continues topay literally day after day after day once you build up enough subscribers andobviously the downfall with this again is that you need to have some sort ofmarketing knowledge uh in order to refer clients to thesedifferent sas affiliate opportunities my numberone favorite way that you can make passive income onlinethis is my favorite way is with a 4x robot if you're not familiar with what forex is
it's the foreign exchange market it's a 5.6 trillion dollar perday market it's kind of like trading stocks orbuying stocks except for you're buying currenciesand the best part about this is that with a 4x robot you don't really need toknow anything about forex or forex tradingyou can just use a robot that you install and it can actually do thetrading for you which is really really cool soi love this method because not only with forex can you useleverage where one of your dollars can actually be worth like 500of your dollars but the second thing is that you can automate this process whereyou can have a robot that's trading in the background for youeven while you're sleeping okay now the con with thismethodology is the fact that there's so manypoor performing 4x robots that are i'm also a little bit biased because we have a company where we've created
what i think is one of the best 4x robots that's on the marketit was createdyou can trade with it'll trade for you all the time you can see morevideos um on our channel about it as wellabout how it's performed and how our customers love it and also you can tryit for 30 days risk-free so you can goahead you can sign up you can use real money or you can use fake money it'stotally up to you whatever you want to doand the end of 30 days if you don't like it if you don't love it if you don'tthink it's
the best thing ever then you can just get 100 of your money back okayso with that being said i hope that one of these sevenideas gave you a new insight on ways that you could make moneyin 2020 and beyond and ways that you can create passive income streams sowhat you can do right now is simply you can go over to our websitewww.blueedgefinancial.com if you'd like to try our trading robotsif not we'd love to hear from you if you like this videogive us a like also leave us a comment below we'd love to knowwhat are you doing for passive income what are your passive income streams andmaybe you can help other people withdividends or stock investing is
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