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Passive Income: 5.5 UNIQUE IDEAS TO MAKE $500 PER DAY! - YouTube
Channel: Mark Tilbury
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how can you sit on a beach sipping a
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cocktail all the while money is rolling
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into your bank account well it turns out
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this is actually possible with something
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called
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income passive income passive income
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passive income but when millions of
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people are chasing the same dream things
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aren't going to be easy essentially i'm
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broke i don't have any money left i
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filed bankruptcy that's why i've done
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some digging and compiled a list of 5.5
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unique passive income ideas let's talk
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about them hi guys it's mark it's no
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surprise people love the idea of not
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working for money but if that was the
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reality then we'd all be passive income
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millionaires although passive income
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doesn't exist leveraged income does this
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is by far the most effective way to earn
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money long term and has enabled me to
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become a millionaire however it also
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involves various risks upfront
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investments of time and money and plenty
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of good old-fashioned work only highly
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motivated people will succeed at
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creating leveraged income as you first
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need to take a large upfront risk in
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terms of time and or money this is so
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that in the future you're able to earn
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more than others could only dream of
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leveraged income is money you get for
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creating value and value comes from
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solving a problem people have the best
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problems to solve are the ones that
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aren't already flooded with lots of
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people offering the same solution this
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is known as finding blue oceans as red
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ones are full of people tearing each
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other apart competing for the same
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income that's why i've made this list of
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5.5 unique ideas so you have a much
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higher chance of success idea number one
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is spotify playlist this is one on the
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risk scale and two on effort level i
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haven't actually seen anyone mention
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this idea in any other passive income
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video so we're starting off strong but
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what am i talking about well the other
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day i was just flicking through
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instagram stories and i got an ad for a
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playlist i thought the music sounded
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perfect for focused work so i clicked on
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it and downloaded the playlist on
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spotify i then thought nothing more of
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it and went on with my day as normal
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fast forward to the next day and i was
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getting bombarded with different spotify
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playlist ads this is probably because i
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interacted with the first ad and now the
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floodgates were open however i then
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realized the ads weren't being run by
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spotify themselves it was all individual
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people so that got me thinking if people
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are prepared to spend money running ads
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then they must be making a profit from
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owning these playlists so i did a bit of
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digging and it turns out i was correct
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this is a great way to make leveraged
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income especially if you don't have a
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lot of money to begin with you just need
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to spend time putting together a solid
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playlist in a specific genre gain
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followers and figure out a way to make
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money from it there seems to be two main
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ways of doing this i prefer the second
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but you may think differently the first
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way is to charge up and coming artists a
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fee fifa getting featured on your
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playlist when new artists are trying to
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break into the scene they're interested
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in one main thing spotify streams this
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is why an engaged playlist is so
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powerful as once you've built it you can
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supply that artist with a predictable
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amount of monthly streams and charge
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accordingly you can even have a
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different pricing structure depending on
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how close to the top you place their
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song this is certainly achievable and i
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could see you making thousands a month
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doing it however here are the issues
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it's against spotify's terms of service
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and not very passive as you have to be
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in contact with the artist to sell song
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placements the second way is to start a
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patreon an artist can sign up to a
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monthly membership in return for the
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chance to submit their music to your
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playlist this is a lot more passive as
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the money would be coming in
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automatically on a monthly basis and all
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you have to do is review music and
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update the playlist you could easily
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charge five dollars a month and if you
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get 1 000 artists signed up you could be
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making 5 000 per month this way also
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feels less dishonest as you can actually
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pick songs you enjoy rather than taking
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money to put bad music on your playlist
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the best thing of all is that you can
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replicate the process as many times as
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you like and build playlists in lots of
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different genres idea number two is
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getting free crypto you can do this
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every time you trade 10 or more on the
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ftx app no i'm only kidding but i'm not
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joking about and giving you free crypto
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they're actually doing this when you use
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the link below idea number two is
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actually called merch by amazon this is
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one on the risk scout and three on
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effort level one of my friends is a
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reasonable digital artist and has been
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working on many different designs for
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years he thought a good way to turn
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those designs into profit would be to
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sell printed t-shirts so he had
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thousands printed but unfortunately none
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of them sold this was until he took a
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trip to germany and displayed his
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t-shirts at an event one of the designs
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started selling like crazy unfortunately
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he only had a limited supply available
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and was unable to meet the demand as he
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had already invested all his money into
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the stock that wasn't selling if only
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he'd known about merch by amazon as he
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would have saved money up front and
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tested the market a lot faster merch by
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amazon is an on-demand t-shirt printing
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service it allows sellers to create and
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list t-shirt designs on amazon for free
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there are no upfront costs and you get
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paid royalties when a customer buys your
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shirt all you need to do is upload your
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designs choose the colors and set a
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price then amazon will take care of the
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rest just think about it go in a
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traditional route means that if you have
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one design and you want to sell that in
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three colors and four sizes to men and
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women that's 24 shirts if you only do
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one of each if 24 customers call you and
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or want a large male t-shirt in blue you
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can only sell one merch by amazon takes
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care of this for you and also saves you
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from having to go to shows and
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exhibitions to find a market as amazon
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already has a huge one established like
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anything the more effort you put in
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researching customer demand the better
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you'll do just remember to avoid any
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copyrighted content this means you can't
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just start printing t-shirts like this
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without getting permission from disney
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storm pooper idea number three is
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vending machines this is five on the
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risk scout and four on effort level so
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this idea is clearly a lot harder than
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the first two however selector is one of
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the biggest vending machine companies in
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the world and they reported sales of
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over 1 billion in 2021 which was up 3
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percent on 2020. this shows that the
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market is growing and the potential is
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huge before i had my own businesses i
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worked as a carpenter's apprentice and
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can still remember clearly the old
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vending machine in the workshop it cost
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me 10 cents for a cup of coffee a
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bargain it was such a good price that
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the machine was actually losing my boss
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money so he had a bit of a predicament
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on his hands the income wasn't high
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enough to cover maintenance costs the
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machine took time to refill and he
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couldn't raise the prices as the machine
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was so old and no one would have paid
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the extra he was considering not having
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a vending machine but he knew it was
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important for us to have hot drinks
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nearby that's when a young guy he
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couldn't be much older than me walked
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into the warehouse and offered my boss a
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deal he just couldn't turn down he
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offered to install three new vending
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machines in the workshop and promised to
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take care of all maintenance issues and
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restocking as well as giving him a 15
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cut of the revenue so not only could my
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boss please his staff he would also make
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a nice profit the new machines were a
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hit and could justify charge in higher
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prices because of the better quality the
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guy who installed the machines later
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revealed that we were his first
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customers and now he has a huge business
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with machines throughout the state all
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paying him passive income the key to a
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successful vending machine income is to
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find great locations once you've
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identified a few different spots and
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agreed a deal with the owner you can
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then secure a machine that fits the
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customer's needs there are lots of used
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vending machines going for low prices
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online which would be ideal if you're
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just starting out you could even get a
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loan and spread the payments using the
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profits when picking things to put into
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the machines it's a good idea to think
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about the demand in a specific location
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and slowly test out different ideas
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until you have the perfect mix after
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this it's just a case of hiring staff
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and expanding your empire so you're able
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to be as hands-off as possible idea
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number four is sas this is five on the
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risk scale and five on effort level sas
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stands for software as a service the
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beauty of this idea is that they often
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use a subscription-based pricing model
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so instead of a customer paying once for
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your software they pay on an ongoing
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basis this can be monthly or annually
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this is great as it gives you a
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predictable leveraged income each and
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every month and the opportunity for
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explosive non-linear growth my best
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friend decided to go down the sas route
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at the exact time i started selling
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physical products he specialized in
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software that handled data for large
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membership organizations these clients
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would have a hundred thousand plus
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members so keeping track of all that
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data was an issue for them at first he
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decided to sell his software as a
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one-time purchase however he always had
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to search for new customers
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when he made the switch to a
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subscription-based model he increased
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his average customer lifetime value and
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secured reliable leveraged income he
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later went on to sell this business for
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multiple millions in order to achieve
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success like this you first need to pick
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the people your software is going to
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serve there are two main categories
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businesses or consumers serving other
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businesses is often seen as the least
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risky as you can make more money per
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client than if you're selling to
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everyday people once you've got that
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nailed down you need to develop a
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solution for a problem in my friend's
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case it was membership organizations
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getting overwhelmed by their own data
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everything up until this point has been
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built upon assumptions so this is when
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you need to put those to the test and
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build a minimum viable product also
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known as an mvp with this you'll be able
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to conduct market research and explore
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different pricing models all the while
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you're establishing your brand now comes
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a hard question how do you actually
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finance this thing well if your solution
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is good enough then funding really won't
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be an issue angel investors love sas
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startups so you could pitch for an
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investment or you could use your own
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resources to fund the company this is
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known as bootstrapping idea number five
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is digital downloads this is one on the
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risk scale and four on effort level the
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internet is definitely the place to make
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lots of money as its growth has been
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exponential in 2020 there were 305 000
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online businesses created compared to
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only 13 000 in 2019 with all these
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people starting online businesses you
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may think the competition is going to be
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sky high and yes it's harder now however
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i think there is a huge gap in the
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market for digital products just think
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about it everyone is talking about
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e-commerce and drop shipping but far
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less are actually selling quality
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digital products which have the benefit
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of never running out of stock and no
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shipping costs as it's all done via the
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internet a friend of mine created a
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digital template system you can use on
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instagram just off the back of a problem
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sent in by one of her followers who
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wanted to stand out within a couple of
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hours and no more than a hundred dollars
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the templates were designed and she now
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sells thousands of dollars worth every
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week
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this all came from helping another
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person with their problem and she
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thought that if this person needs these
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templates then others would too if
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instagram templates aren't for you then
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you can make youtube banners sell stock
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footage ebooks games email templates or
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even online courses idea number 5.5 is
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investments this is variable on the risk
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out and a one on effort level now i hold
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my hands up this isn't exactly unique
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but i couldn't leave it out it's the
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truest form of passive income you will
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ever get i've been investing in
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different assets for years such as
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stocks crypto and real estate i like to
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see this as a way of really multiplying
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my money i don't go for crazy profits as
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that can often lead to people losing
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everything a good example of this is
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when luna cryptocoin collapsed as soon
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as you can make sure to open up a tax
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advantage account this is a stocks and
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shares isa in the uk and a roth ira in
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the usa your aim should be to max out
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the amount of money you're able to
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contribute as the gains are completely
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tax-free a good thing to remember is to
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be fearful when others are greedy and
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greedy when others are fearful i know
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it's a cliche saying but it's so true if
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you're wondering where to invest in
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public.com are a great option and
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they're giving away a free stock slice
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worth between three and a thousand
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dollars when you sign up and fund your
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account with the link in the description
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now i need to address something
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extremely important people will try and
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tell you you need more than one passive
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income stream which has some truth to it
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however most people misunderstand what
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this actually means the mistake i see
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people making over and over again is
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taking their time off an idea that's
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working and splitting their attention by
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trying something else you'll never get
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anywhere if you're one foot in and one
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foot out however i do agree with
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creating multiple income streams within
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the same idea because as you progress
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you'll find even more ways to profit
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from providing value to your customers
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so i'm going to leave the next video
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right up there but don't click on it
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just yet make sure to subscribe if you
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want to grow your wealth okay then i'll
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see you over there
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