4 Thing You Need To Do For a Full Time Passive Income
The only 4 things you need to do today and you can get paid for your entire life doing nothing at all.
How great would it be if you don't have to do anything and you can earn money while you watch a movie, walk your dog or just simply sleep? I would love that lifestyle! however, it is not going to be easy until you set it up. Well, the below is my plan for generating a full-time passive income, and I have started working on it. First things first to get set up the track I started:
Become a Youtuber
I started as a Youtuber in the year 2019 I have a few sets of videos on my channel and have nearly 700 subscribers for Youtube to start paying you need more than 1000 subscribers and watch time of more than 4000 minutes. Now the 1st question which will come to your mind is how am I supposed to get them? Well, when it comes to subscribers, if your content is good you don't have to worry about that if you create content that is helpful and relevant to your TG you can get them in no time. However, I stopped my channel for a long time and couldn't make any videos to share a secret I have some camera conscious issues :P but I have started it again by overcoming that.
For those who are visiting my blog for the first time, I would like to introduce myself as Mayur Pawar the writer of this blog. I am an advertising professional with experience in Digital Client Servicing for more than 4 years. I have recently started My Youtube channel. Please subscribe to support. In this blog, I share my experiences, updates, how-tos, etc. related to social media marketing, passive income ideas, Digital Marketing Tools, blogging tips and current trends are few them to be named. At the end of this article, you will learn 4 passive incomes which you can develop and earn while you are sleeping.
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Become a Stock photographer and start selling your images now My top 5 paying stock photography websites: Shutterstock - Earn from $0.25 - $200 per image sold. Payment method (Paypal) Getty Images/iStock - Earn 20% ($10-$500) royalty of every image sold. Payment method (Paypal) Adobe Stock- Earn flat 33% ($5 -$300) of the amount paid by the customer for your image. Payment method (Paypal) PicFair - Open your own online store for free. You can customize the amount you want to sell every image for. Payment method (Paypal) Most Photos - Earn 50% - 60% of the amount every image is sold for. Payment method (Paypal)
Now, more than 4000 minutes of watch time that is a pretty big no. I know, however, we are talking about Youtube! it is the world's largest video consumption or creation platform. Currently, with just 20-25 videos on my channel, I have crossed the watch time of 2500 plus minutes but again I couldn't cross the 4000 benchmarks as I stopped it for a long time. Once you have accomplished that Youtube will start showing ads on your channel and trust me on this once you have 1000 subscribers there no going back. On average depending on the no. of videos and the watch time you can easily earn Rs 25K - 50K every month.
Sell your images/videos on Stock websites
The second thing I did is started selling my stock images and videos on the websites. If you haven't read my blog on which are my top 5 websites to sell images on here is a link for that. Again to build a portfolio you will need to invest a lot of time. For me, I do it on weekends for 4-5 hours. However, you will have to set up a goal as to how many images do you want to upload every week. I keep a target of capturing 100 photos during the week.
Tip: Capture multiple shots of the same object or surroundings for the image to get approved.
I have around 1000 images on all platforms. And in order to get paid, you will just need a Paypal account.
Start a Blog
When it comes to earning money, nothing can beat income generated from your blog. To start a blog all you need is a custom domain, a hosting server. You can buy the cheapest hosting from Hostinger starting from just Rs 99 and you are all set. If you do not have coding knowledge you can go for other drag and drop platforms like Wix, Elementor, etc. There are a lot of people who say that Wordpress is the best platform for a blog but I did not feel that. Coming from a no coding knowledge background I went with Wix instead. You can also sell your products on your own blog and make an extra cash out of it. The 4th and last one which I have is:
Make your own App
Now this might sound complicated but it is not trust me. 2 years back if you would have asked me yes it was difficult but in today's date there are a lot of platforms through which you do not need any coding knowledge. It is as simple as drag and drop. But wait I bet the next question in your head would be what should I make an app about? That is again a simple answer. Either create an app replicating the same content which you provide on you blog and your Youtube channel or else there are so many affiliate program which you can signup and create a simple text based app which has these affiliate links incorporated in it.
Checkout the video to see how to sell images shot on your mobile phone on Picfair
For the curious ones: How to sell your photos and get paid more than $500 a month? Free Apps and softwares to use for Stock Photography
Do let me know if you found this blog useful. You can write to me on my E-mail Id firstname.lastname@example.org for any queries.