[NEED] Passive income suggestion?

[arthuraxton]

No such thing as passive income. Its a lie made up by IM gurus to try and get you to watch their youtube video or buy their stuff.

However, having said that, the closest you're probably going to get to passive income is building a mailing list (plenty of info available on this forum).

I strongly disagree with the first sentence. Don't demotivate OP unnecessarily

 

[Shevrar]

Exactly where im stuck and looking for, wanna have a chat maybe we can bring some ideas out together, haha

Yes sure, but at the moment I seem to be totally lost ahah
Just failed with adult CPA. I figured out a great automation method but it didn't work out at the end :/

 

[arthuraxton]

Yes sure, but at the moment I seem to be totally lost ahah
Just failed with adult CPA. I figured out a great automation method but it didn't work out at the end :/

Adult CPA is hard, especially for beginners.


As for the second part, I will give you a tip:
Automation itself isn't great, the monetizing method should be.

Whenever you're stepping into a project, DON'T DO AUTOMATION FIRST.
Test your marketing strategy manually and if you can make it work, then automate it. Bottling is an easy task that almost every geek can do.
Marketing is where everyone fails, and this is where I think you failed.

 

[Shevrar]

Adult CPA is hard, especially for beginners.


As for the second part, I will give you a tip:
Automation itself isn't great, the monetizing method should be.

Whenever you're stepping into a project, DON'T DO AUTOMATION FIRST.
Test your marketing strategy manually and if you can make it work, then automate it. Bottling is an easy task that almost every geek can do.
Marketing is where everyone fails, and this is where I think you failed.

Thank you for this! I've got so much to learn.
I know it's hard but I'm not going to give up already with adult CPA, I want to test some new things I've got in mind and then yeah, I will probably switch to something else if nothing works.

 

[arthuraxton]

Just make sure to commit in making it work, don't give up too easily or you will end up making nothing happen.

 

[Kolce]

We all want that idea on the table haha, if speaking real. Buying a blog and hiring someone to do all the work would work if done correctly? Opinions?

 

[C45HC0W]

I invested 2500€ into p2p-loans making arround 1€ perday which makes an annual return rate of ~ 14 %.

 

[C45HC0W]

That's interesting!

PM me if you want more details and tipps.

 

[georgeD215]

Putting the time to write an ebook of a topic you dominate and sell it for $1, if you sell it to 1000 people it can get you a nice profit.

 

[Kai Zack]

Hi, as I know, there is a newbie-friendly way to generate passive income.

But the premise you are willing to put effort in the front end, then eventually you'll start earning an "almost" passive income.
The reason why it is "almost" is because it will still require a minimum maintenance (couple hours a week), otherwise, the income will start decreasing.

Anyway.
I'm going to tell you the principles, then you can find all the details through Google.

Amazon KDP&ACX
Here is the process.
1. You go to Amazon kindle books's best seller list, and to analysis what kind of books are trending. The book rank should be about 100,000.
For example intermittent fasting, procrastinating, etc.

2. Use amazon keyword auto-suggestion to find the small niche keywords, e.g. intermittent fasting for women. And it will be the title of your book.

3. Once you decide the book title, you can now go to Upwork and hire a writer to write the book for you. The price should be $1.5-$2 per 100 words. Then go to Fiverr to hire someone to design the book cover for you.

4. Once the book is done, you upload it to KDP, then go to ACX to hire a narrator to narrate the audiobook for you.

5. OK, now you have ebook and audiobook, you can start using AMS (Amazon Marketing Service) to drive traffic to your book and start making money. My ROI usually is 150% - 200%.

---

Hope it helps

 

[KelvyTheBlacky]

Build an amazon affiliate site, but I'm not quite sure your budget will provide something wortthwhile unless you do most things yourself.

 

[zebestof230]

Hi, as I know, there is a newbie-friendly way to generate passive income.

But the premise you are willing to put effort in the front end, then eventually you'll start earning an "almost" passive income.
The reason why it is "almost" is because it will still require a minimum maintenance (couple hours a week), otherwise, the income will start decreasing.

Anyway.
I'm going to tell you the principles, then you can find all the details through Google.

Amazon KDP&ACX
Here is the process.
1. You go to Amazon kindle books's best seller list, and to analysis what kind of books are trending. The book rank should be about 100,000.
For example intermittent fasting, procrastinating, etc.

2. Use amazon keyword auto-suggestion to find the small niche keywords, e.g. intermittent fasting for women. And it will be the title of your book.

3. Once you decide the book title, you can now go to Upwork and hire a writer to write the book for you. The price should be $1.5-$2 per 100 words. Then go to Fiverr to hire someone to design the book cover for you.

4. Once the book is done, you upload it to KDP, then go to ACX to hire a narrator to narrate the audiobook for you.

5. OK, now you have ebook and audiobook, you can start using AMS (Amazon Marketing Service) to drive traffic to your book and start making money. My ROI usually is 150% - 200%.

---

Hope it helps

How big are your ebooks ? 10 000 words ?
And you talked about 2 hours a week of work after, but, doing what ?

 

[LeadCloak]

Depends...

is it your last 5k? - better pay bills and find a job.
Is it extra money? - Digital service/paid mediabuying/SEO many things you can test.

 

[Jointer]

Hi, as I know, there is a newbie-friendly way to generate passive income.

But the premise you are willing to put effort in the front end, then eventually you'll start earning an "almost" passive income.
The reason why it is "almost" is because it will still require a minimum maintenance (couple hours a week), otherwise, the income will start decreasing.

Anyway.
I'm going to tell you the principles, then you can find all the details through Google.

Amazon KDP&ACX
Here is the process.
1. You go to Amazon kindle books's best seller list, and to analysis what kind of books are trending. The book rank should be about 100,000.
For example intermittent fasting, procrastinating, etc.

2. Use amazon keyword auto-suggestion to find the small niche keywords, e.g. intermittent fasting for women. And it will be the title of your book.

3. Once you decide the book title, you can now go to Upwork and hire a writer to write the book for you. The price should be $1.5-$2 per 100 words. Then go to Fiverr to hire someone to design the book cover for you.

4. Once the book is done, you upload it to KDP, then go to ACX to hire a narrator to narrate the audiobook for you.

5. OK, now you have ebook and audiobook, you can start using AMS (Amazon Marketing Service) to drive traffic to your book and start making money. My ROI usually is 150% - 200%.

---

Hope it helps

Hey, Kai, how many words is one book? What's your typical $$$ investment for the book?

 

[TheShrewMan]

I strongly disagree with the first sentence. Don't demotivate OP unnecessarily

Its the truth. So many newbies get trapped into thinking they can generate $100-$300/day while sipping wine on the beach by these guys. Makes me wonder why you got so agitated by what I said. Could you be that you're one of those gurus? Maybe!

 

[arthuraxton]

Its the truth. So many newbies get trapped into thinking they can generate $100-$300/day while sipping wine on the beach by these guys. Makes me wonder why you got so agitated by what I said. Could you be that you're one of those gurus? Maybe!

I think it's that you lost hope & gave up on achieving such state of income. You look a bit arsed from failure, aren't you?

 

[TheShrewMan]

I think it's that you lost hope & gave up on achieving such state of income. You look a bit arsed from failure, aren't you?

I do well for myself actually, which is why im warning newbies to stay away from people who are trying to sell them shitty courses. Cant say the same about you though.

 

[noelia22]

I invested 2500€ into p2p-loans making arround 1€ perday which makes an annual return rate of ~ 14 %.

Hello, could you please give me some more details?
Where did you invested, which are the requirements, is it safe or not?

 

[macdonjo3]

No such thing as passive income. Its a lie made up by IM gurus to try and get you to watch their youtube video or buy their stuff.

I wouldn't agree with that. I have a few old projects I haven't touched in months that still send cheques. I almost forget about them until the cheque comes in.

 

[Lucid Dream]

Best feeling in the wold, sit there do nothing and get paid.

Maybe try outsourcing a day job overseas?

This is hilarious, I mean I feel like this video is most probably fake, but I don't doubt there are actually people doing this.