If you only had $5k, how would you create a passive income?

crazy.ass.mofo · Mar 28, 2020

I got 5k usd. I also got 2 IG accounts with 200k followers each.

I'm thinking of making websites for each IG page and running ads on these. Plus selling products...

Am I wasting my time?

BHLurker · Mar 28, 2020

it all depends on your niche

crazy.ass.mofo · Mar 29, 2020

One niche is cabins and the other is interior design

BHLurker · Mar 29, 2020

on the cabins you can find a hotel in your area and do a per client commission deal big $$$, somewhere where they can experience the cabins they see, as far as interior design I would create some sort of "get the principles of ID and start a business" type of thing, sell a pdf or minicourse on it big $$$, you're sitting on cash bro

Elvlin · Mar 29, 2020

You got the capital, you got the traffic source. i think you are wasting your potential by not monetizing it.
100% should monetize it ASAP.

crazy.ass.mofo · Apr 1, 2020

Ribert said:
You got the capital, you got the traffic source. i think you are wasting your potential by not monetizing it.
100% should monetize it ASAP.

yea haha i am just trying to figure out best way to monitize- so far just been selling shoutouts :/

Fynesttrish · Apr 1, 2020

If your engagement rate is good for the IG account you can get it monetized with the amazon Influencer program. It could generate some passive income

cindyrose888 · Apr 2, 2020

crazy.ass.mofo said:
I got 5k usd. I also got 2 IG accounts with 200k followers each.

I'm thinking of making websites for each IG page and running ads on these. Plus selling products...

Am I wasting my time?

Keep thinking, = wasting time.

With 5k in pocket, its more than enough to start off.

Now TAKE ACTION !!

Elon Snup · Apr 2, 2020

5K:

- Domain: $10
- Design: $500
- Content: $3000
- Links: $1490

-> It will require work on your end to manage such a project and find the good worker, but considering a good niche, you could easily make $500 a month passive with an affiliate site.

Robyries · Apr 2, 2020

Fynesttrish said:
amazon Influencer program

Never heard of this before,. Can you give us more info?

crazy.ass.mofo · Apr 2, 2020

Elon Snup said:
5K:

- Domain: $10
- Design: $500
- Content: $3000
- Links: $1490

-> It will require work on your end to manage such a project and find the good worker, but considering a good niche, you could easily make $500 a month passive with an affiliate site.

Jeeze that is some expensive content?? haha

BHLurker · Apr 2, 2020

crazy.ass.mofo said:
Jeeze that is some expensive content?? haha

I find it rather cheap, quality writters are expensive

Fynesttrish · Apr 2, 2020

Robyries said:
Never heard of this before,. Can you give us more info?

https://affiliate-program.amazon.com/influencers

crazy.ass.mofo · Apr 2, 2020

BHLurker said:
I find it rather cheap, quality writters are expensive

Can I not just write the content myself? Are you referring to blog content?

Futa · Apr 2, 2020

I will create 2 things.
First, push traffic user base, tier 2 or 3 countries.
Second, an app(useful like a vpn or meme creator type) with 50-100k download.

Priince1337 · Apr 2, 2020

crazy.ass.mofo said:
Can I not just write the content myself? Are you referring to blog content?

You should be able to answer that. Can you?
It's also a question of scaling. You just can't pump out a bunch of articles every day. Since you're the owner of your business, your time should be used to manage your business. The operative stuff can be outsourced.

crazy.ass.mofo · Apr 2, 2020

Priince1337 said:
You should be able to answer that. Can you?
It's also a question of scaling. You just can't pump out a bunch of articles every day. Since you're the owner of your business, your time should be used to manage your business. The operative stuff can be outsourced.

Thanks, very true.

Shashank shahi said:
I will create 2 things.
First, push traffic user base, tier 2 or 3 countries.
Second, an app(useful like a vpn or meme creator type) with 50-100k download.

Interesting strategy- why tier 2 or 3? Are you suggesting I would create an app? Or sell one? Sorry I have never worked with apps before.

Futa · Apr 2, 2020

crazy.ass.mofo said:
why tier 2 or 3? Are you suggesting I would create an app?

Tier 2 and 3 country traffic can be monetized easily with false advertising also. Although, I'm not suggesting you do this.

App you can create or buy from someone and keep it as a digital asset. You have to do nothing but maintenance. You can use this traffic for your premium subscription(easy money). Try having app traffic from tier 1 or 2 countries.

crazy.ass.mofo · Apr 2, 2020

Shashank shahi said:
Tier 2 and 3 country traffic can be monetized easily with false advertising also. Although, I'm not suggesting you do this.

App you can create or buy from someone and keep it as a digital asset. You have to do nothing but maintenance. You can use this traffic for your premium subscription(easy money). Try having app traffic from tier 1 or 2 countries.

Thanks, I appreciate the advice. I need to learn more before I can do this, If you have the knowledge you're welcome to team up with my. I got the traffic and some capital. Only if you're not too busy atm

Futa · Apr 2, 2020

crazy.ass.mofo said:
If you have the knowledge you're welcome to team up with my. I got the traffic and some capital.

Sorry but I don't gamble other's money. Peace.

If you only had $5k, how would you create a passive income?

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