6 HIGH CASHFLOW PASSIVE INCOME IDEAS

What’s up boss? Okay, so some passive income ideas revolve around spending money to make money. I understand that not everybody is in a financial situation to do things like invest in real estate or put money into stocks, et cetera, in order to generate that passive income. So I wanted to create a video, especially right now on high cash flow passive income ideas, that don't require your money to invest into them. They're pretty creative, and yes, they're going to take what I like to call sweat equity. So it's going to take work, of course, because money doesn't grow on trees, but you can create financial return just from putting in your time, especially in the beginning. Then it creates a snowball effect to truly create that passive income. So very excited about this. let's dive into these high cash flow passive income ideas.

Selling Creative Work Online

Okay, so the first one, selling your creative work online. What a time to be alive. Honestly. One of the biggest things that you can do, especially if you're a photographer or videographer, and again, remember if you aren't, you can always learn these skills. On YouTube, there's amazing tutorials and creators out there who are constantly teaching you and updating you on how to become really good photographers, really good videographers. Big thing is if you're creating content for yourself or you're a content creator at all, you can film what's called stock video, and you can also take stock photos. Stock photos and stock videos are basically B roll, which is content that is used by entrepreneurs, businesses, creators to add visual stimulus to their videos.

I'm talking to you right now on camera. Stock video would basically run across the screen right now as I'm talking about this beautiful landscape in Vancouver or the amazing trip that I went on to Hawaii or the Bahamas, et cetera. So we'll pull up some B roll to show you what I mean. But you can film those things wherever you are in the world. Then you can upload them to sites for photos like iStock, photo Shutterstock, Dreamstime, Flickr. There's so many Getty images. We're going to put a bunch of links below this video of where you can actually upload those photos and get them distributed and how people pay for your work and pay to use your work. The more you can get your content kind of ranked within the algorithms on those sites, the more people see it, the more people buy it, the more income that you're going to be able to create from it.

Read More: How to Make Money Writing Blog Content

Now the other thing is stock video, which I personally do use for some of our videos, and we have paid for stock video before. So what you can do as a video creator is taking things like landscape shots or office type B roll, et cetera, and you can go onto these stock video sites and see what's currently up there and what's most popular and create your own content like that. It's a great way to just start generating and earning some passive income from the content that you're creating, maybe not for yourself but for other people. Again, it is all kind of reliant on this ranking system, very similar to YouTube. No matter what I'm talking about today, all these high cashflow ideas are basically based around how good you are at what you do and how high you can get your content ranked within the algorithms of these specific sites, et cetera. So for videos you can use something called Blackbox stock. I haven't personally used this, but I noticed as I was doing my research that there were a lot of people talking about it. If you have other ideas for where to put your stock photos and your stock videos, definitely put them into the comments below, and we'll continue to add to them as the resources in the description as well. But everything that I just mentioned in addition to a few other resources will be in the description below this video as well. So that's the first way, is selling your creative work online. You're doing the work anyways. You are a content creator, might as well monetize that if you aren't actually monetized for yourself right now.

Niche Website

The second high cash flow idea, and again all of these take time and sweat equity, but when they do take off they can make you a lot of money. I had a friend build something called a niche website. So what this means is that you pick a very specific niche. These can be things like skincare. It can be weight loss. It can be nutritional supplements. It can be a whole range of things. That website or blog or YouTube channel is only specifically focused on that niche, and everything you talk about on these niche websites or they can also be referred to as micro websites, is directly related to that particular product or service. Now what do you do? Basically, you become a master of SEO. Get it ranked in the algorithm so you get more eyeballs and more views on your content, whether it's through suggested or search, or if you have a blog, you figure out how to rank your niche website and beat your competitors on Google so that whenever somebody searches for natural skincare products, your website comes up.

Read More: MAKING MONEY THROUGH WRITING: APPROVED PLACES

What do you sell on your website? What do you talk about on your website? You talk about the natural skincare products that work for you or that you are trying to sell. Then you don't even have to own those products that you're selling. It can be all based off of a product or a service, et cetera, that you are selling on someone else's behalf. So you're just taking a commission of any sale that you get. Does that make sense? So niche websites are really powerful because you're not going general. You know exactly where you need to rank your content. You know exactly what keywords you should be hitting. Then your only job is to master the process of ranking, whether it's a YouTube channel or a blog or a website on Google and on YouTube, which is totally doable. Take it from me. I've been able to do it for years. So you absolutely can learn that skill and it will bring in passive income and passive cash because people will be finding your products, your videos, your content, et cetera, through your content on Google and on YouTube.

Online Course

Number three is an online course. Now I know I talk about this a lot because I have firsthand experience with this, and I've generated multiple millions in revenue every year for the last couple of years from online courses, otherwise known as digital products. They are high cashflow because you're putting your work into it. You are creating the content, but you're not actually having to spend money in creating it. It is coming from your brain. So I wanted to share with you some of the examples of how well this can work. You know for me that I've been able to generate a lot of revenue from our online products and services.

Read More: What you need to know about working in the UK

Here's the thing about this. You can't just create an online course and whip it up on a website or on your own website or wherever and think it's going to sell and do it unethically because that just doesn't work. It gives you a really bad name and a really bad credibility. So everything I'm talking about here, you want to be the best at it and you want to do it well so that you can have longevity and continuously make passive income. If I made a crappy course, I wouldn't be here talking to you right now. So you have to make good content based on your own unique expertise and experience and skills that you've mastered. But it is doable. So this is why these are so high cashflow, because your knowledge is valuable, and if you're solving a very specific pain point as an entrepreneur, you are in need.

eBooks

Okay, the next one is eBooks. Again, it's a ranking system. So I have a lot of friends who've created eBooks. I haven't done this for myself, but they've created eBooks, and Amazon is very similar to YouTube as well as Google in the sense that it is a ranking system. The more positive reviews you have, the more ratings you have on your content in your book, the higher you're going to rank for that particular category. Nonfiction books, self help books, et cetera, do way better than trying to write a fiction book and having that rank. So a lot of great resources out there and how to leverage Amazon and use it to your benefit and get your book ranked, but when you do, like I said, maybe you write a book on how to write a book, which a lot of people are looking for, and your book is ranked number one. You're going to be bringing in sales every single day for that book.

Read More: 5 BEST WAYS TO PAY OFF DEBT FAST

Of course it's the lower price point, so it won't be as high cashflows, let's say something like an online course, but it still can bring in passive income, and it will accumulate over time. So great thing to do is to go on to Amazon and see which categories are the most popular with people and which categories get the most reviews and the most ratings. That's a good way to figure out kind of where you want to be and also use your own unique intel and figure out what you could write a book on that would be really helpful and of service to people. That's a great place to start.

YouTube

Now the fifth is again something I talk about a lot, YouTube. YouTube is a great way to generate cashflow and passive income. Of course, it doesn't happen right off the bat, but I've been doing this for a couple years, and I now make a very good full time salary just from the AdSense on my channel. I'm not a huge proponent of just relying on AdSense, which is why I have other things in other revenue streams. Again, you can check out this video to see all my different revenue streams from YouTube, but having this platform, building this audience is such an amazing way to diversify your revenue and consistently bring in passive income for you and your business.

Partnerships

Now the six high cashflow passive income business idea is partnerships. Partnerships are an amazing way, and I talked about it in this video, another video about passive income. I talked about partnerships in terms of doing joint ventures with people. If they have a program or course that you have an audience that would want to buy that program or course, you can partner with them and get 50% of the commission or however much they decide, but it's an amazing way to bring in cashflow if you have an audience already. Even if you don't have an audience, you can build something and partner with somebody else who has an audience to sell it for you to bring in more sales. So that's one way of doing it. Another way to do it is if you are a service provider, and you build things like let's say sales funnels. I have friends who do copywriting and sales funnels and paid ads, and they partner with their clients and they take a percentage of the earnings of their clients because they're putting in the work to create this machine and system of bringing in leads and sales and clients for their customers, whether it's through copy or sales funnels or paid ads. So they are getting a percentage of whatever they bring in. That is very common practice.

It happens all the time, and it's a great way to generate that passive income, I.e., for a sales funnel, you do one sales funnel and you'll be bringing in a percentage of that, the sales from that sales funnel every single month. Same with the copy. You do a website, converts really high, do a landing page converts really high. It's an amazing way to bring in passive income for yourself as well. So those are the main 6 high cashflow passive income ideas that I needed to impart to you since I realize they're in need at this moment, and I realize they can be extremely, useful for you.