5 Part Time Passive Income Tips To Make More Money
A lot of people want to know how to make passive income while putting in part-time hours or from investing their money in the right places. So we decided to put together and share some of our best part time passive income tips with you.
The great news is that there are more ways than you can possibly imagine to make passive income, all thanks to the power of the Internet.
For decades, regular people have been leveraging the power of the Internet to create passive income in just a few hours a week.
Now more than ever, everyday people are building multiple income streams from the comfort of their own homes through side hustles or side investments..
Because of the connectivity made possible online, clever entrepreneurs can use social media, YouTube, TikTok and search engines to reach an unlimited number of potential customers.
It’s all about setting up the systems and automation that will allow them to keep the money rolling in passively.
What Is Passive Income?
To put it simply, passive income is money you make while you are asleep, or while mowing your lawn or doing other activities. It is not dependent upon your time only.
Basically, you are not trading your time or energy for a fixed rate, so the amount of money you can make is limitless.
You can only work so many hours in a day at a job, you are limited when working a job, by time.
But if you harness the power of passive income, there’s no end to the riches you can create for yourself through leverage.
Best 5 Part Time Passive Income Tips
1. Affiliate Marketing
This is probably one of the most used methods online to create passive income. This is where you join a businesses affiliate program, and then get specialized links to promote.
These links track back to you, so when you share them, if someone purchases by using your link to get to a website, you get paid a commission.
Almost all businesses online now have an affiliate program you can join.
Affiliate marketing when used with automated techniques, like email marketing or blogging can be a very powerful way to create passive income.
We have been affiliate marketers for a combined 29+ years, and make our living this way.
Let us show you how to do it. Click on the image to get started now.
2. Become An Influencer
There are untold riches in being involved in influencer marketing, people have gone from being homeless to making millions, because of platforms like YouTube, TikTok and Instagram.
Not all social media accounts and followings are humongous either. Many influencers with relatively small followings have more consistent engagement, and are often able to demand high advertising fees as a result.
You do not need to have massive following to start earning passive income, platforms like YouTube and TikTok have certain requirements that need to be met, before you can apply for their partner programs or get paid as a creator.
YouTube Partner Program Requirements
Minimum eligibility requirements to join
- Follow all the YouTube channel monetization policies.
- The YouTube channel monetization policies are a collection of policies that allow you to monetize on YouTube. As a YouTube partner, your agreement including the YouTube partner program policies require compliance with these monetization policies to potentially earn money on YouTube.
- Live in a country/region where the YouTube Partner Program is available.
- Have no active Community Guidelines strikes on your channel.
- Have more than 4,000 valid public watch hours in the last 12 months.
- Have more than 1,000 subscribers.
- Have a linked AdSense account.
TikTok Creator Fund Requirements
To participate in TikTok Creator Fund, you must meet certain eligibility requirements.
For example, users must be 18 years or older, be a legal resident of one of the 50 states, District of Columbia, or the territories and possessions, of the United States.
Meet a minimum following threshold of 10K authentic followers, have accrued at least 100K authentic video views in the last 30 days, and post original videos in line with their Community Guidelines.
See the TikTok Creator Fund Terms for additional details.
Note: The TikTok Creator Fund is currently available to creators in the U.S., UK, Germany, Italy, France, and Spain.
Many influencers (creators) make passive income from a variety of ways as a result of their efforts.
- They get paid from the platform itself for every view
- They promote products or services as an affiliate marketer
- They promote big brands through sponsorship with them
- They have their own products or services
All of these ways that influencers and creators get paid, is earned passively. Every time you create a piece of content on one of these platforms, it is like a pillar.
This content remains on the platform for people to view and share permanently.
You do the work once to create the pillar, and then create the next one, and the next and so on..
The more pillars you create, the more they earn for you passively.
How’s that for passive income! We’ve been getting cash from YouTube videos for over a decade.
You can do this as well.
Click here to see what Pepper Belly Pete does on TikTok, he has built a following of 1.2 million, he is not doing anything complicated.
Click here to see what The Bentist has done on YouTube in little over 1 year, has has over 2.7 million subscribers.
These people are getting paid handsomely in more ways than one!
We highly recommend you take a course to learn all of the tricks of the trade.
If you try to do it all on your own, it may take you years.
Taking a course is the difference between meeting these platforms requirements in days or a couple months, versus taking you years.
Best YouTube Passive Income Course
Best TikTok Passive Income Course
3. Start Blogging To Earn Passive Income Streams
Do you like to write? Blogging is a great way to start building passive income through writing content that people love to read.
There are billions of searches done everyday online through Google, Yahoo, Bing, etc, on every topic imaginable. People are searching for stuff, and you can provide what they are searching for.
And if you like to write, you can turn it into a very nice side hustle that pays you passive income.
Content is king online, search engines need it in order to exist. So why not provide it?
There are numerous ways to monetize this content through a variety of means.
- Using Affiliate links – make money with ClickBank, has a really nice affiliate program you can join.
- Ad Networks will pay you by the click generated – like Google Adsense, and Mediavine
- Sell your own products – turn your business ideas into profits
- Sell sponsored post
The best part is, you can write about what ever you want, people love great content!
Having you own blog and writing articles again is like creating pillars. Every blog post you create is another piece of content, that can potentially pay you over and over again for years.
You are reading one of our blog post articles right now, think about it..
We can help you get started earning money right now!
4. Low Risk Investing As A Passive Income Source
For those of you who just want your money to do all of the work. The internet has provided easy access to investing at your fingertips, and has reduced the expenses associated with it to almost nothing.
You can open an online account today with a company like TD Ameritrade, and begin investing with no fees.
There are low risk investments that can build you a very nice passive income over time.
Compound Interest
Albert Einstein, a well-known very smart person, said “Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it.”
Billionaire Warren Buffett confessed, “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Benjamin Franklin described it as, “Money makes money. And the money that money makes, makes money.”
The early you start, the better, and the more money you are able to start with, will make your money compound even faster.
Time + Regular Contributions = Wealth
As our rule of thumb, we only ever invest money into our own portfolios that we can live without, and causes us no financial burden.
As long as your returns outpace the annual inflation of the dollar (about 1-4 percent per year), you will be setting yourself up for long term wealth thanks to the power of compounding interest.
So don’t chase high risk high return investments with all of your money. Create a solid foundation for your investments by finding low risk assets that will be profitable for decades.
One of our favorite low risk investments is DRIPS (Stocks that have an automatic Dividend Reinvestment Program), like our local power company. They pay high dividends and stock is really steady.
We set up an automatic monthly purchase in our favorite DRIPS and use dollar cost averaging this way over time in purchasing we buy shares at different price points.
This way you are growing your money without having to think about it, and your purchase price you have paid for the stock is varied, you are buying in the lows, middles and highs of the stock.
Click here for some other low risk investment ideas.
5. Invest in REITs (Real Estate Investment Trusts) For Income
Most people have never even heard of REITs. Once again, because of the internet and that we now live in a digital age, learning about REITS and the opportunity to invest in them has been made easy.
REITs are simply explained – instead of buying a piece of property yourself and having to do maintenance and management of the property, you are investing in shares of property managed by a company.
Real Estate Investment Trusts are corporations that own and manage real estate. REITs issue units (much like stock shares) that give investors access to the income generated by the REIT’s property portfolio.
REITs are designed not only to offer investors exposure to cash-flowing properties, they’re structured to offer diversified exposure to the asset class of real estate.
Unlike direct property ownership, this exposure reduces the risk taken by each individual investor while still providing access to real estate’s earning potential. Also, REITs typically offer a much lower investment minimum than direct property ownership.
For these reasons among others, REITs offer the simplest, most cost-effective way for many investors to add real estate to an investment portfolio.
And yet again, because of the internet companies like FundRise, have now made it possible to get started investing with REITs for as little as $10.
Learn more from FundRise here.
Want To Learn How To Make Passive Income & Money?
Learning how to make passive income is much simpler than you think. And you can learn it effectively when you utilize our online course and resources.
Please leave us a comment below if you have any questions or need help in anyway, or just say hi.
Have a fantastic day!
Sincerely,
Your Friends And Partners
Richard And John Weberg
