VincentKo. Posted on Sep 16, 2020
Ok then if you make so much money and you want me to trust you send me a 25$ gift card for steam
Just need your bank account number and routing number!
Venmo me $20 now.
Time to unsub.
What makes you say that?
From my experience, blogging is far from being passive.
If you don't mind me asking, how many new articles per month do you publish? & Do you manage to outsource all the writing & seo?
Digital product sales -$2000-$3000/Mo
Membership recurring - $5200/mo
Affiliate marketing - $~500/Mo
Ad revenue -$13/mo
More automated income than passive income.
What kind of digital products? Is it a service?
Graphic packs, monthly conversion scripts, digital worksheets, a couple excel trackers, and a virtual binder. All very niche specific
I have a duplex and co own three mobile homes, total amount monthly is $1365
Why so little?
Approximately 2.5-3k for the past few months. Posted about it here https://www.reddit.com/r/passive_income/comments/ikhrc3/my_passiveside_hustle_income_august_2020_edition/
About $5k but not completely passive, a few hours s week on them total.
my story is that at first I tried after affiliate marketing but didn't work, I searched for passive income options and found some apps. For instance, with Honeygain app, I managed to get 40$ in a first month. even the first 5$ bonus is easy to get, just by using the code “redditbee” when registering. for me this easy option worked much more better than aff links and I'm still looking for more similar apps
Currently getting between $300 to $500 per month on micro stock photos/videos. Not sure how long it would stay in that range if I stopped adding new content though.
$0-$50 only 2 phones no referrals started a little over a month ago🙃
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I do not have a fixed income, I took my entire income from 2019 and averaged it for a month. But there were some months with very less and some months with quite a lot in there.
Yes. That's how average monthly income works.
Well the question does not say average, it just says monthly passive income. So I explained that took the average and maybe not the lowest or the highest.
$50 - $150. Once I get more free time to devote to setting up my products it should go up, I've just been neglecting my site for like a year and a half.
Good luck man, sometimes we get in a rut and cant get out, i know how you feel
It's not a rut it's just that I've been working insane hours at my day job and during my time off I want to relax, not do more work. Thanks though.
Needs to be passive revenue with a secondary value of passive profits. Too many people claiming revenue is their income.
$700-800 a week on automated YouTube channels.
What is an automated YouTube channel? Does it somehow automatically create videos and upload them? How many channels do you have to earn up to $3200 per month? That sounds so good, it’s hard to believe.
Yeah using python and various apis. Think best tiktoks of week, best twitch clips of week, Reddit channels and sports highlight. I have 5 channels but 1 makes 98% of the money
That’s amazing! Congratulations and thanks for sharing.
$1000+ Android apps, amazon kdp, medium,Quora, class action lawsuits, red bubble
Well that’s depressing
About $7k gross. 7 rental units in 3 states. Bought 2 last year and 5 this year so far.
I've only ever been to one of them.
Net is close to $3k. Principal paydown is another $1k a month and 3% appreciation in VHCOL market only is about $2k a month.
Are your rentals apartments, townhomes or, single-family dwellings? Asking because I don't see any "management/maintenance" costs. How do you deal with maintenance issues that come up in 3 different states?
5 SFH 1 duplex.
I actually rent the entire duplex to my mother at just the mortgage cost, so she can live in it and sublease it to provide herself with income. If I wasn't subsidizing her the number would be closer to $8.5k gross.
> Asking because I don't see any "management/maintenance" costs.
I said my net was ~$4k less than my gross...
I have my property managers take care of everything, of course. That's what I pay them for.
Aha! thanks, nice setup with mom. OK didn't realize your net included maintenance. Cool, thanks for the response.
Wow, this is interesting. Could you go into a little more detail about dealing with purchases without ever visiting these places? How many people are involved in the sales phase? How do you find and deal with property managers?
(EDIT: same guy different account)
I'm going to talk about just one of the markets. The other two are places I live / lived, so for purposes of this post I'll pretend like they don't exist.
I have boots on the ground.
$1200/month. Blogging, affiliate marketing, SEO, electronic packages for purchase
Edit: why am I being downvoted? I’ve been doing this for 3 years and worked hard to set up a foundation for passive income. Read numerous books, researched niche markets, paid real money on workshops with experienced professionals, worked 70 hour weeks initially getting everything going, failed over and over and over until I found the right formula.
If you think passive income streams are things you can be lazy about and slap up in a few days or even a few months and start profiting big numbers and never lift a finger after the initial setup, you are sorely mistaken and need to be more realistic. Monthly income started at about $40/month and over the years after learning more and honing skills, now it’s at where it is. Goodness.
so you make bundles and sell them ? can you share where?
I created my own website and then drive traffic to it through blogging on my own site as well as other blogging sites that cater to my target demographic.
Do you sell products or services on your website? And you blog on youtube?
Yes I have a cart, and then also a services list that I change up depending on how much more effort I’m willing to take on and life circumstances. I do written blogs every few months mostly for SEO and I did also do videos on YouTube. I only made 2-3 videos on there but I’m consistently getting followers from them and traffic back to my website. I’ve also collaborated with companies in the same niche market so my work ends up being spread all over but my website is always credited so it gets pointed back there.
I make about $6 / mo on shutterstock which is the only truly passive income i have (outside of investments.) It buy my wife an i dinner once a year!
I can recommend Brave it's an easy small passive income
How many images do you have in your shutterstock portfolio?
i have about 50 photos but only one sells
Did you take the photos and if so, are you a professional photographer? Ever thought about stocking up your portfolio? Seems like very attractive income, since it’s truly passive.
im not, i just used to travel a lot before covid. i do have more pics but it takes time to upload and them and right now i have better things to focus on.
funny thing, i now buy a lot of stock photos and i am always looking for just plain photos of objects but its often very difficult. i wonder if there is actually a better market for that kind if stuff.
Is -100$ an option? I'm in debt :(
I made about $1100 last month
Care to share what path you chose, without giving away the secret to your success?
Pharmacy discount cards, similar to GoodRx, singlecare, etc. I distribute them and get paid for each prescription sold on my card.
Hey if possible could you please DM me some info on this? It would translate well with my and my significant others day job
Being a pimp pays
As of today with 143 votes
104 had $0-$50 (72,72%)
10 had $50-$150 (6,99%)
7 have $150-$500 (4,90%)
8 have $500-$1000 (5,59%)
7 have $1000-$3000(4,90%)
7 had $3000+ (4,90%)
roughly 15% of the readers here have above $500 passive income
thank you. it's too bad there's no "just want to see the results" option
Adsense, index fund, costco cashback credit card, shopify clothing site.
thank you for sharing those concise and clear examples!
need the costco card !
is the adsense on your personal website? blog? shopify store? would like to know more?
shopify store was built by you? is it a drop shipping store?
!remindme 2 days
347 votes... was hoping more of y’all would comment how you’re getting that scratch.
10 doors of rentals. $300+ a door/mo
Can you explain more please ?
I own 4 properties in Chicago, il, Southside. 3 single families, one 4 Plex. All managed by a property manager in Chicago. Rents are $1300-1500 on the SFRs, PITI for all around $700ea. Property management is 10%.
4 Plex $925-975/ea/mo, mortgage $2k.
I own a beach house with friends, Airbnb only. Had it for 3 years, rents are about $60k/yr on 2k mortgage. Only expenses are utilities, welcome gifts and maintenance.
All were 20% down, except the 4 Plex which was 25%.
Cash out of pocket ~220k or so, gross revenue ~14.5k/mo. Hope to add a sfr every year until retirement.
How do you find a trustworthy/reliable property manager? I’ve always wanted property far away from me but I don’t really know what to do
Yeah, tough one. On my 4 Plex I was taken for a ride. Place wasn't finished, uninhabitable, ate the mortgage for nearly a year. Placed non paying tenants and was giving them free rent in lieu of repairs (they held the warranty because I bought the place from them). Ultimately cost me 50-60k in mortgage and repairs when I found a good manager.
My advice, check the BBB, call the building department, call about complaints against their real estate management license.. I didn't do any of that on my first one, could have saved me a lot of money.
Best bet, get on biggerpockets and ask for a good turn key or property manager in the area you want to buy in. They're really good folks on the platform.
I feel that 0$ should be an option of its own and 0$-50$ be replaced with 1$-50$.
$1-$50 should just be scaled to $0
Any passive income is a passive income, even just $1.
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Anything under $100 probably doesn't pay for expenses or the time spent achieving it.
$0-50 or $0-100 makes sense as categories to me.
True, that's a lot of people's journey. Doesn't always mean you're poor but could be that you're still working on something