How to make $30-150 dollars a day making small investments

I’ve been doing so much research on passive income streams that I’m glad it’s a long weekend.  There are literally hundreds of different things you can do that will generate passive income!

A major franchise business or restaurant is a great example of a single source of income, but most need somewhere between $1-2 million in order to qualify. The advantage is your buying into a guaranteed (usually 6 -7 figure) income and business model. Another one is land lording. Buying a house  and renting it for passive income won’t be enough to retire, but a small apartment building might bring in enough to live comfortably.

The average american income is around $50k. After bills and expenses there is not much left to save, even in the best case of saving $25k a year on average. There’s tens of millions who are below the average income in America. Many people are living month to month, unable to save much or at all.

The truth is there are very few single things that you can buy into or invest in that that will give you a guaranteed steady income without first having millions of dollars in the bank. The good news is, it still may be possible to break free within a few years by purchasing lower value investments with lower returns, and amassing 3-4 of these over a period of five years.

There are a franchises that are much cheaper, like Vangaurd Cleaning, ReMax Reality, and Liberty Tax Service. The drawback is the return is not high enough to retire immediately- but it will boost your annual income. They start at $3K, so they could be a good in for some people that don’t have much spare cash. You can also sell them to other investors if invest and don’t think it’s right for you after a while, so that lowers risk.

It seems that the best thing to do is to set up multiple sources of passive income across time. You can’t afford much now. So, you have two options which you must execute in tandem. You must save your money for a long time, and invest in something big. Or, you can save your money for a while and make a series of smaller investments.

By doing this, you can more quickly expand your portfolio of investments. Let’s say your an average American who’s been saving your money for three years. After unforeseen financial impacts, the $75k you should have is in fact $52K. There’s still at least 50 investments you can make today on this list.

If you make an extra $3600 a year from one of those investments, you’ve added 14% to your annual base income. You’d now make $28.5k. Was your last raise that much of an increase?

Now, where did I get $3600 from? If you look each franchise on the list, you see that the net gains are often higher than that

I say $3600 because that is the first milestone you should set- try to make $10 a day via passive income. It’s very likely in the first year you will exceed this. The next goal is $20 a day, then $30, and so on. If you can make $100 dollars a day, you will bring in a considerable amount of passive income.

dollday

Assuming you have $50,000 now- or will soon. These two table show business plans based on making small investments. On the left, we assume $10 dollars a day for each investment. On the right, one $20 and three $30. You can make your own and mix and match daily net gains. Please note that investment income should be separate from savings. I deducted 20% for unforeseen expenses. On the right, if you notice, you will bring in $37,000 of passive income annually. That’s more than you make in savings. Two more years of this and you could quit your day job.

capture

Goal Achieved: $3 per day passive income

 

In an effort to discover what works and what doesn’t with passive income, I recently decided to give affiliate marketing a try.

I think affiliate marketing is great, but only if you truly believe in the product. I don’t think it’s fair to back a product if you’ve never used it before. That said…

I decided to made a new WordPress Site. This site was focused on primarily survival/outdoors gear. I was inspired to make the site to increase awareness for basic emergencies supplies, how to use them, and where to get them. I monetized the site by using affiliate links instead of ads. Such that if a user purchased the product through clicking the link on my site, I would receive a small cut of the sale.

 

clicks
The First Week. Amazon pay’s fees on shipment, not on click.

Everything went great with the site for the first week! The first few days saw several hundred views, and many users engaged with my links. Following the first day, I began to see revenue. All in all, about $30 bucks for the week and I didn’t lift a finger. I also hadn’t yet done SEO or anything of the sort. I was enthralled!! I was officially making passive income.

Why do I say was? Because over the weekend my site was shut down. It was hosted with a free wordpress.com domain, and for some reason the site was blocked. If you look at the image above, there were two days with no traffic, and thus no affiliate revenue.

After reviewing the terms word for word It was not clear to me what I did that was against the terms. So, I contacted customer service. However, I did not and have still not heard back. Defeated, I choose to research my options- as it was clear I could no longer host this site on wordpress (for whatever reason).

After much deliberation, I went with hostgator. I compared bluehost and godaddy as well as a few others, but hostgator provided the best value for the product. So far everything has been great with them. Plus, I can make as many sites as I want. The site is back up over the weekend and is again bringing a few dollars a day. I had to rebuild most of it. XP

Hopefully, it will keep making a few bucks a day. If so, then I may have to expand on my endeavors. It also may stop generating revenue, in which case I would re-evaluate my model.

Either way, I’ve never made passive income before. $3 seems insignificant, but it adds up. Assuming the totally unlikely probability of $3/day everyday for 40 years, that’s nearly $44,000. Assuming every site I make makes $3 a day, I would need to make 50 sites to live comfortably.

Either way, it’s more than just making money! It’s also being savvy with your money!

Next goal: $10 per day!

EDIT: GOAL $20 per day ACHIEVED!

 

Busy Busy Busy! Passive Income Experiment in the meantime.

The past few weeks have been so busy. 😦 Right now, my current team is shipping it’s first major release of our software and I’ve had to work many long hours which have kept me away from… well life. And we’re still not through to the end of it, we have at least another month or so to go until we’re finished. But after we’re done, there will probably be a lull for a week or so. Then there will be a new big push for some 6 month plan. After that another week’s lull, and then another push. It’s a vicious cycle. That’s why I have my eyes set on getting out of the 9-5 as soon as possible.

As few weeks ago, I reported that I achieved a goal of $3 per day passive income across a month from a site I had built. Sine I was expecting may to be busy, I decided to stop pay attention to it altogether and only check once a week. I also decided not to attempt to advertise it anywhere for at least a month, maybe two. My goal is to see how quickly the income dissipates without upkeep. By no means does one website qualify as a proper study… but since I am extra busy at the moment I figured why not. Let’s see what happens. I am still make about $1.50 a day this second month.

Not bad. Not thrilling. But not bad.

I am also planning to finish the second, larger site before the end of the month.

My book is doing alright so far. It’s only sold about twenty copies, or about two a week. No reviews yet. It didn’t start selling until I lowered the price to $3 from $5, which is interesting to note. Overall it’s made just under $30. I’m actually working on two other books right now. Both on Marijuana, one is a general beginners guide and the other is a detailed how to guide on making your own weed butter. I have an amazing secret recipe I have been refining for the past few years. I don’t make it frequently anymore so I’m ready to share it with the world. 🙂

Goal Achieved: $3 per day passive income

EDIT: GOAL $20 per day ACHIEVED 8/24/18!

In an effort to discover what works and what doesn’t with passive income, I recently decided to give affiliate marketing a try.

I think affiliate marketing is great, but only if you truly believe in the product. I don’t think it’s fair to back a product if you’ve never used it before. That said…

I decided to made a new WordPress Site. This site was focused on primarily survival/outdoors gear. I was inspired to make the site to increase awareness for basic emergencies supplies, how to use them, and where to get them. I monetized the site by using affiliate links instead of ads. Such that if a user purchased the product through clicking the link on my site, I would receive a small cut of the sale.

 

clicks
The First Week. Amazon pay’s fees on shipment, not on click.

Everything went great with the site for the first week! The first few days saw several hundred views, and many users engaged with my links. Following the first day, I began to see revenue. All in all, about $30 bucks for the week and I didn’t lift a finger. I also hadn’t yet done SEO or anything of the sort. I was enthralled!! I was officially making passive income.

Why do I say was? Because over the weekend my site was shut down. It was hosted with a free wordpress.com domain, and for some reason the site was blocked. If you look at the image above, there were two days with no traffic, and thus no affiliate revenue.

After reviewing the terms word for word It was not clear to me what I did that was against the terms. So, I contacted customer service. However, I did not and have still not heard back. Defeated, I choose to research my options- as it was clear I could no longer host this site on wordpress (for whatever reason).

After much deliberation, I went with hostgator. I compared bluehost and godaddy as well as a few others, but hostgator provided the best value for the product. So far everything has been great with them. Plus, I can make as many sites as I want. The site is back up over the weekend and is again bringing a few dollars a day. I had to rebuild most of it. XP

Hopefully, it will keep making a few bucks a day. If so, then I may have to expand on my endeavors. It also may stop generating revenue, in which case I would re-evaluate my model.

Either way, I’ve never made passive income before. $3 seems insignificant, but it adds up. Assuming the totally unlikely probability of $3/day everyday for 40 years, that’s nearly $44,000. Assuming every site I make makes $3 a day, I would need to make 50 sites to live comfortably.

Either way, it’s more than just making money! It’s also being savvy with your money!

Next goal: $10 per day!

EDIT: GOAL $20 per day ACHIEVED!

 

The ethics of Advertisements and Passive Income

Despite ads being such a large component of today’s society, the ethics of advertising are rarely discussed publicly. Personally, I use Adblock Plus to block advertisements on the web on my home computer. I do this because I think most advertisements clutter up web pages and detract from the user experience. At work, we can’t install plug ins like that. From experience, I can tell you that advertisements can make it hard to find useful information on a page.

Furthermore, I detest how some advertisements try to illicit some sort of emotional response by attacking things like body image or personal hygiene. Millions of other sites though contain ads all over their user interface. Some desktop applications even have adds! You’ve probably seen a site like this below- three ads on the page and you haven’t even scrolled down.

adds

In my search for passive income streams, one that’s come up a lot is using Google Adsense or a similar service (clicksense) to generate advertisement revenue. Adsense will pay you per link click, usually 1-25 cents. I used adsense once before in college. I made a resource website for a Screenwriting Club and decided to try out adsense to see where it would get me. It made over $100 dollars in two months time just from students in the club using the page (and a few hits from other countries).

I went to the resource site one day at a library computer and I saw ads for diet pills and teeth whitening. I didn’t want the users of my site to see this kinda garbage! I refreshed the page to see more junk. Again, and again, and again! I logged into my account right there in the library and pulled the ads from my site.

Despite making a profit, I decided to stop using adsense because I did not feel comfortable with it ethically. Sure, it made me money. But it was at a heavy cost. I lost all editorial control over what adds were featured on my site. This meant that products or ideas that I did not endorse could be ‘calculated’ to show up as an advertisement on my site.

I am not 100% against advertising or endorsements through affiliate programs, but I don’t want to loose editorial control over my sites content either. I think advertising is important and crucial to the success of many business and industries. I appreciate creative and clever advertisements that work off of whit or humor to get the message across. Ads like these are rare though. It seems they only show up during the superbowl anymore. 99% of ads are useless junk.

There will never be an advertisement on this site that I have not personally approved. I refuse to make banner ads, popup adds, or to put adds in between paragraphs of text. I don’t want my users to have a bad experience. I would never endorse a product or service as an affiliate that I personally didn’t already think was awesome. I can’t lead people on like that. My goal isn’t to become an internet salesman, my goal is to be free.

I may consider a single sidebar add to help cover domain name costs, but it will likely be curated by myself personally and not by a service. I would want the ads to be relevant to the site, and actually lead the user to useful and helpful information rather than try to make a few cents off of a click.

There can be no denying that advertising on a website can make you passive income, but I personally have reservations about making money off of advertisements. Because of this, you probably won’t see any ads on my blog ever.  I will likely not make any passive income from advertisements, and that’s definitely a personal choice. For those looking for passive income… you can do online ads and you will make money… but at the cost of user trust in your site or service if you go overboard with it.

I would love to hear the communities thoughts of advertising and the ethics of it. How do you feel about advertisements on the internet?

How to make $30-150 dollars a day making small investments

I’ve been doing so much research on passive income streams that I’m glad it’s a long weekend.  There are literally hundreds of different things you can do that will generate passive income!

A major franchise business or restaurant is a great example of a single source of income, but most need somewhere between $1-2 million in order to qualify. The advantage is your buying into a guaranteed (usually 6 -7 figure) income and business model. Another one is land lording. Buying a house  and renting it for passive income won’t be enough to retire, but a small apartment building might bring in enough to live comfortably.

The average american income is around $50k. After bills and expenses there is not much left to save, even in the best case of saving $25k a year on average. There’s tens of millions who are below the average income in America. Many people are living month to month, unable to save much or at all.

The truth is there are very few single things that you can buy into or invest in that that will give you a guaranteed steady income without first having millions of dollars in the bank. The good news is, it still may be possible to break free within a few years by purchasing lower value investments with lower returns, and amassing 3-4 of these over a period of five years.

There are a franchises that are much cheaper, like Vangaurd Cleaning, ReMax Reality, and Liberty Tax Service. The drawback is the return is not high enough to retire immediately- but it will boost your annual income. They start at $3K, so they could be a good in for some people that don’t have much spare cash. You can also sell them to other investors if invest and don’t think it’s right for you after a while, so that lowers risk.

It seems that the best thing to do is to set up multiple sources of passive income across time. You can’t afford much now. So, you have two options which you must execute in tandem. You must save your money for a long time, and invest in something big. Or, you can save your money for a while and make a series of smaller investments.

By doing this, you can more quickly expand your portfolio of investments. Let’s say your an average American who’s been saving your money for three years. After unforeseen financial impacts, the $75k you should have is in fact $52K. There’s still at least 50 investments you can make today on this list.

If you make an extra $3600 a year from one of those investments, you’ve added 14% to your annual base income. You’d now make $28.5k. Was your last raise that much of an increase?

Now, where did I get $3600 from? If you look each franchise on the list, you see that the net gains are often higher than that

I say $3600 because that is the first milestone you should set- try to make $10 a day via passive income. It’s very likely in the first year you will exceed this. The next goal is $20 a day, then $30, and so on. If you can make $100 dollars a day, you will bring in a considerable amount of passive income.

dollday

Assuming you have $50,000 now- or will soon. These two table show business plans based on making small investments. On the left, we assume $10 dollars a day for each investment. On the right, one $20 and three $30. You can make your own and mix and match daily net gains. Please note that investment income should be separate from savings. I deducted 20% for unforeseen expenses. On the right, if you notice, you will bring in $37,000 of passive income annually. That’s more than you make in savings. Two more years of this and you could quit your day job.

capture