How Can I Create Passive Income?

E

emincanx

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Nov 2, 2023
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Hi,

How can I create passive income?

Experiences:
SEO (most)
Google Ads
Content Writing
WordPress
SMM Panel
Affiliate Marketing
Google AdSense
AI
Press Release
Link Building
Social Media Management
HTML and CSS (a little bit)

Goals:
500 USD per WEEK or MONTH

Inventory:
Bank Account (less than 100 USD)
Screaming Frog Infinite License
Social Media Package Sales Website (https://sosyoavm.com/)
Deutsch Language Blog (https://techadio.de/)
Press Release Distrubition Network (Yahoo, Business Insider, Barchart, Benzinga and lots of more)

My LinkedIn Bio:
I am Emin. I am 17 years old and I live in the European region of Istanbul. I have been serving and continuing to learn in the field of SEO and Digital Marketing for about 2 years. I have On-Page, Off-Page and Technical SEO experience, I have previously provided consultancy services to e-commerce, blog and corporate websites.

I have been improving myself in Google Ads for 1 year. I have previously set up campaigns for brands and projects, I have regularly optimized and got good results. I plan to learn other advertising channels.

I can use WordPress at a good level. I can use Semrush, Ahrefs and Screaming Frog tools at an advanced level. I have used Google Analytics, Search Console tools regularly and continue to learn. I can report with the relevant tools.

I can write fluent and readable content and produce video content. I plan to be present in developing technology. I speak English, I can follow English resources and speak at a basic level.

I am confident in myself and believe that I can add value to brands/projects/websites. Although I don't have any official experience yet (company-based), I have marketed many products/services and made projects rise and become more accessible.

Thank you
 
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There's very little true passive income on the Internet (if at all).

I am selling link placements on a couple of my own websites (built solely for that) and managing those sites takes me 60 minutes a day on average. I make 6 figures a year. Is this passive? I mean it still takes me time to manage it, right? And if something happens to these websites (security breach, flops, errors, issues), I still need to invest time to fix it. I could outsource it, but again, I still need to invest time to hire people, train and manage them.

The closest thing I've seen to a passive income is investing into stocks and index funds. Put money down, wait long enough, and you'll see more money coming in without really doing anything.

But those funds mostly cover the inflation, plus a few additional percentages every year. Very good if you have a ton of money, but if you are a beginner, it's not really for you.

I guess the best for you would be to drop the notion of the passive income from your mind. It's unlikely for anyone to live a life where you don't invest much or any time into work and the money flows in. And even if it was, I am not sure many would like that type of life for long.
 
Sell your services at platforms like Fiverr or Upwork and build top reviews for your orders.
 
The only truly passive income out there is through traditional investments. You can only achieve it by already having a lot of prior capital built up. And even then, you'd probably still need to invest at least a little bit of time regularly monitoring said investments and making sure you're allocating your funds accordingly.

Beyond options like stocks, dividends, real estate, etc., there's virtually no truly passive income opportunities. They'll all require at least some form of maintenace/oversight unless you're somehow able to outsource all of it to someone who you trust with those sorts of decisions/your financial wellbeing.
 
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