5 Passive Income Ideas | How I Earn $500 A Day!

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I’m covering 5 high cashflow passive income ideas that I have found massive success in myself in 2020 in this video.

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1:26 #1 Sell Your Creative Work Online – If you make videos or any types of graphics, you know the absolute STRUGGLE it is to find that perfect image you need for your video, marketing flyer, slide deck, etc. If you are into photography or videography, or even if you just have the newest iPhone, you can get great quality pictures and video that content creators desperately need. You’re making their lives a lot easier!

3:18 #2 Create A YouTube Channel – That can be anything like vlogs, informational videos, how-to videos, and more. The great thing is that if you are someone who is shy or don’t like the idea of being in front of the camera, you can get around this! You can make creative common content videos or you can outsource to virtual assistants for the editing, voiceovers, and just about everything else!

6:34 #3 Create An Online Course – You may not think you have a talent that other people are interested in learning, but you would be very surprised to know all the various things people are willing to pay money to learn.

8:32 #4 Create an eBook – This has a fairly low profit margin but is a great way to build an email list that you can then target in an email sequence. The ‘upsell’ then has a much higher profit margin which is more potential for you to make a lot of money.

10:00 #5 Start An ATM Business – This is one of my absolute FAVORITE passive income streams that I still do to this day. It’s a relatively low startup cost, especially compared to investing in real estate or the stock market. Not only that, but the returns are much more and happen much faster. I’ve made several videos on the ATM business and I am happy to help with any questions.

There you have it! My top 5 Passive Income or Residual Income ideas for 2020. I have several more passive income methods if you like this video I would love to make more videos on it.

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DISCLAIMER: Austin Zaback and guests of his videos are not financial advisors. All strategies, tips, suggestions, warnings, and recommendations included in the videos are from personal experience and are intended for educational purposes only. Austin Zaback and guests of his videos do not guarantee any particular results and, as with any investment, risk should still be considered. It is essential for viewers to perform their own due diligence and/or seek the counsel of a financial advisor.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

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