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!

 

Baby steps for success

Baby steps. Patience. Vision. Progress.

These four statements above are some rules I follow every day that drive my success. It sounds to simple to be true- but it is.

That’s because most people lack the confidence or willpower to see things through to the end. Many people burn out because they try way to hard way to fast… they don’t take time to appreciate the journey that is life & personal progress and development. That or they don’t consider the breadth or depth of what they want to accomplish, and their lack of foresight prevents them from making progress. (That’s what great mentors are for!)

To prevent burn out and maximize your potential for success in any endeavor- weather it’s personal or another long term project- always consider taking small “baby” steps towards your goal rather than charging a head at it.

Making small progress this way may feel slow, but it’s the best way to maximize your gains without burning out.

Consider the example of learning a new language. First you may try to take a class to grasp the fundamentals, buy a book, and try to map as much of the new language to your own as you can. This is stressful and depends on a lot of short term memorization and continuous practice to maintain- time not afforded in everyone’s schedule.

Rather, you could focus on learning a few new words every day- words for objects you see at work or on the way to work. After a few months as you build your vocabulary day to day you will feel like you have a more natural grasp on it because you’ve take time learn it and not force the information. Begin to work on larger sentences and compound phrases.

I feel like my current experience making money online is a great example…. I saw very little to start and now I am I starting make back my investments and then some. I got burned out in the beginning and I had to stop to focus on other things. Now I manage myself better and I’m making more for doing it!

To visualize the power of baby steps, I love this graph from http://jamesclear.com as it clearly illustrates the power 1% change compounded every day.

gggggg.png

Progress requires patience and vision. You have to know where you want to go and you have to understand nothing happens overnight. Rome wasn’t built in a day either. Once you’ve completed your goals however, then you have success you can claim your own and nothing is better than that! Especially if you are seeking to improve yourself or your position.

Please like, share, comment, or subscribe to let me know what you think of this content!

PS!

I also love this comic (featured), it illustrates it the concept well too. Check out more of Sarah Andersen’s comics! Check out her Book Herding Cats!

sarahandersen

Goal Achieved: $20 in one Day Passive Income!

Last April I posted $3 a day income goal. This was a huge milestone for me as through various passive income I paid my initial blogging setup costs back in one month’s time. This doesn’t account for my book’s income- just affiliate marketing.

This went well for the next month, and the month after that, and so on fairly steady some passive dollars came my way. SURPLUS! I bought another website domain for another project, And then another web- then I got caught up with work- and I stopped contributing to my blog and all of my passive income projects. Doing so has made me realize how important it is to share as much as I can about what I’m learning in regards to what works and what doesn’t with affiliate marketing… so I’m trying to figure out the ins and outs of it all- which I’ll share on this blog.

Fast forward to the past few months- I’m nearing completion on a those personal projects and getting back into this passive income blogging experiment. I never thought I would make back by $100 WordPress investment. Since then, I have built a bunch of different sites using ASP.NET and react and have learned a lot which I plan to share in post in the future. I’ve also moved most of my new work to Azure- which has been awesome.

In getting back in the habit of posting content I noticed an interesting trend. The week following my break from posting articles my passive income quickly returned to $2 a day. I’ve since posted several more articles which have gotten a lot of visibility through search engines and other websites and now I’ve hit $10 and $20 dollar days via blogging!

I’m not going to pop open the champagne yet though- my next goal is to get $10 (and then $20) a day consistently. And then to try and peak at $50 a day.

This is only income from my Amazon Affiliate links.

Please Like/Share/Subscribe if you like this content! Let me know in the comments what you think- have an awesome day!

Baby steps for success

Baby steps. Patience. Vision. Progress.

These four statements above are some rules I follow every day that drive my success. It sounds to simple to be true- but it is.

That’s because most people lack the confidence or willpower to see things through to the end. Many people burn out because they try way to hard way to fast… they don’t take time to appreciate the journey that is life & personal progress and development. That or they don’t consider the breadth or depth of what they want to accomplish, and their lack of foresight prevents them from making progress. (That’s what great mentors are for!)

To prevent burn out and maximize your potential for success in any endeavor- weather it’s personal or another long term project- always consider taking small “baby” steps towards your goal rather than charging a head at it.

Making small progress this way may feel slow, but it’s the best way to maximize your gains without burning out.

Consider the example of learning a new language. First you may try to take a class to grasp the fundamentals, buy a book, and try to map as much of the new language to your own as you can. This is stressful and depends on a lot of short term memorization and continuous practice to maintain- time not afforded in everyone’s schedule.

Rather, you could focus on learning a few new words every day- words for objects you see at work or on the way to work. After a few months as you build your vocabulary day to day you will feel like you have a more natural grasp on it because you’ve take time learn it and not force the information. Begin to work on larger sentences and compound phrases.

I feel like my current experience making money online is a great example…. I saw very little to start and now I am I starting make back my investments and then some. I got burned out in the beginning and I had to stop to focus on other things. Now I manage myself better and I’m making more for doing it!

To visualize the power of baby steps, I love this graph from http://jamesclear.com as it clearly illustrates the power 1% change compounded every day.

gggggg.png

Progress requires patience and vision. You have to know where you want to go and you have to understand nothing happens overnight. Rome wasn’t built in a day either. Once you’ve completed your goals however, then you have success you can claim your own and nothing is better than that! Especially if you are seeking to improve yourself or your position.

Please like, share, comment, or subscribe to let me know what you think of this content!

PS!

I also love this comic (featured), it illustrates it the concept well too. Check out more of Sarah Andersen’s comics! Check out her Book Herding Cats!

sarahandersen

Baby steps for success

Baby steps. Patience. Vision. Progress.

These four statements above are some rules I follow every day that drive my success. It sounds to simple to be true- but it is.

That’s because most people lack the confidence or willpower to see things through to the end. Many people burn out because they try way to hard way to fast… they don’t take time to appreciate the journey that is life & personal progress and development. That or they don’t consider the breadth or depth of what they want to accomplish, and their lack of foresight prevents them from making progress. (That’s what great mentors are for!)

To prevent burn out and maximize your potential for success in any endeavor- weather it’s personal or another long term project- always consider taking small “baby” steps towards your goal rather than charging a head at it.

Making small progress this way may feel slow, but it’s the best way to maximize your gains without burning out.

Consider the example of learning a new language. First you may try to take a class to grasp the fundamentals, buy a book, and try to map as much of the new language to your own as you can. This is stressful and depends on a lot of short term memorization and continuous practice to maintain- time not afforded in everyone’s schedule.

Rather, you could focus on learning a few new words every day- words for objects you see at work or on the way to work. After a few months as you build your vocabulary day to day you will feel like you have a more natural grasp on it because you’ve take time learn it and not force the information. Begin to work on larger sentences and compound phrases.

I feel like my current experience making money online is a great example…. I saw very little to start and now I am I starting make back my investments and then some. I got burned out in the beginning and I had to stop to focus on other things. Now I manage myself better and I’m making more for doing it!

To visualize the power of baby steps, I love this graph from http://jamesclear.com as it clearly illustrates the power 1% change compounded every day.

gggggg.png

Progress requires patience and vision. You have to know where you want to go and you have to understand nothing happens overnight. Rome wasn’t built in a day either. Once you’ve completed your goals however, then you have success you can claim your own and nothing is better than that! Especially if you are seeking to improve yourself or your position.

Please like, share, comment, or subscribe to let me know what you think of this content!

PS!

I also love this comic (featured), it illustrates it the concept well too. Check out more of Sarah Andersen’s comics! Check out her Book Herding Cats!

sarahandersen

Goal Achieved: $20 in one Day Passive Income!

Last April I posted $3 a day income goal. This was a huge milestone for me as through various passive income I paid my initial blogging setup costs back in one month’s time. This doesn’t account for my book’s income- just affiliate marketing.

This went well for the next month, and the month after that, and so on fairly steady some passive dollars came my way. SURPLUS! I bought another website domain for another project, And then another web- then I got caught up with work- and I stopped contributing to my blog and all of my passive income projects. Doing so has made me realize how important it is to share as much as I can about what I’m learning in regards to what works and what doesn’t with affiliate marketing… so I’m trying to figure out the ins and outs of it all- which I’ll share on this blog.

Fast forward to the past few months- I’m nearing completion on a those personal projects and getting back into this passive income blogging experiment. I never thought I would make back by $100 WordPress investment. Since then, I have built a bunch of different sites using ASP.NET and react and have learned a lot which I plan to share in post in the future. I’ve also moved most of my new work to Azure- which has been awesome.

In getting back in the habit of posting content I noticed an interesting trend. The week following my break from posting articles my passive income quickly returned to $2 a day. I’ve since posted several more articles which have gotten a lot of visibility through search engines and other websites and now I’ve hit $10 and $20 dollar days via blogging!

I’m not going to pop open the champagne yet though- my next goal is to get $10 (and then $20) a day consistently. And then to try and peak at $50 a day.

This is only income from my Amazon Affiliate links.

Please Like/Share/Subscribe if you like this content! Let me know in the comments what you think- have an awesome day!