The Most Underrated Way To Earn Passive Income In 2023

In this video, the speaker discusses nine different ways to generate passive income. They assess each method’s difficulty in getting started, the ease of making $100 a month from it, and the level of maintenance required. The speaker emphasizes the importance of not falling for get-rich-quick schemes and highlights that passive income is money not directly tied to one’s time.

1. Stocks and shares: It’s rated as one of the easiest ways to generate passive income, with a one-star rating for difficulty in getting started. The potential to make $100 a month depends on market performance, but on average, investing in index funds is recommended. Maintenance is considered straightforward, with a one-star rating.

2. YouTube channel: Starting a channel is rated as easy (one star), but making substantial income from it is challenging (four stars). To be eligible for monetization, you need 1,000 subscribers and 4,000 hours of watch time. Earning $100 a month on average requires around 50,000 views per month. The maintenance level improves after reaching 1,000 subscribers, with a two-star rating.

3. Starting a Podcast: Starting a podcast is deemed easy to begin but harder to monetize through ads or sponsorships. To make $100 per month, you’d need a significant number of downloads per episode.

4. Affiliate Marketing: Affiliate marketing involves promoting other people’s products and earning commissions. It’s considered relatively easy to start but challenging to make $100 per month without a substantial audience.

5.  Selling Digital Products: Creating and selling digital products like ebooks or icon sets is rated as easy to start but challenging to make $100 per month without providing real value and solving a problem.

6. Online Courses: Creating online courses is relatively easy to start, but making $100 per month depends on the quality and appeal of the course. Once established, maintenance is relatively simple.

7. Membership Community: Building a paid membership or community requires an existing audience or a compelling value proposition. Getting started is relatively easy, but making $100 per month requires delivering value. Maintenance is manageable once established.

8. Automating a Business: Creating a business that can be automated or delegated is challenging to start and requires effort to make $100 per month. Maintenance can become easier over time.

9. Building an App or Website:Developing a software product like an app or website is rated as the most challenging to start due to coding requirements. Earning $100 per month depends on user adoption, and maintenance can be complex but manageable.