3 Steps to
$10,000 a Month
in Instant
Passive Income
Streams
GIVE YOUR BOSS THE FINGER
WITH THIS SHORTCUT TO
FINANCIAL FREEDOM
Written By J. P. Clarke
www.jp-clarke.com
© Copyright J. P. Clarke 2021 - All rights reserved.
The content contained within this book may not be reproduced, duplicated, or transmitted
without direct written permission from the author or the publisher.
Under no circumstances will any blame or legal responsibility be held against the publisher,
or author, for any damages, reparation, or monetary loss due to the information contained
within this book. Either directly or indirectly. You are responsible for your own choices,
actions, and results.
Legal Notice:
This book is copyright protected. This book is only for personal use. You cannot amend,
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Disclaimer Notice:
Please note the information contained within this document is for educational and
entertainment purposes only. All effort has been executed to present accurate, up-to-date,
and reliable, complete information. No warranties of any kind are declared or implied.
Readers acknowledge that the author is not engaging in the rendering of legal, financial,
medical, or professional advice. The content within this book has been derived from various
sources. Please consult a licensed professional before attempting any techniques outlined in
this book.
By reading this document, the reader agrees that under no circumstances is the author
responsible for any losses, direct or indirect, which are incurred as a result of the use of the
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TABLE OF CONTENTS
INTRODUCTION
STEP 1
GET YOUR HEAD IN THE GAME
STEP 2
CHOOSE YOUR STRATEGIES
DROPSHIPPING
SUBSCRIPTIONS
AMAZON FBA (FULFILLED BY AMAZON)
PRINT ON DEMAND
AFFILIATE MARKETING
ONLINE COURSES
REAL ESTATE CROWDFUNDING
ETORO COPY TRADING
STEP 3
TAKE ACTION!
CONCLUSION
REFERENCES
INTRODUCTION
“If you do not find a way to make money while you
sleep, you will work until you die.”
- Warren Buffet
t's Monday morning; you hate Monday mornings! Yet there you
I are at your job thinking to yourself, what am I doing here..?
Unsatisfied, demotivated, underappreciated, stressed, and struggling
to make something of your life. Finally, you decide you have had
enough; you want to prove to yourself, your family, and your friends
that you can become a success and live a life of purpose without the
financial burden of your daily decisions resting heavily on your
shoulders. You decide to take action, to educate yourself and obtain
the tools for success, to force yourself to take steps to achieve your
goals. You realize you cannot be stuck in the rat racehighly-skilled
any longer living paycheck to paycheck. You find the courage to
finally give your boss the finger and say those words that have so
often been on the tip of your tongue in so many stressful situations -
"I QUIT!" You finally get to say it; it feels exhilarating!! You walk out
with the biggest smile that your face has felt in years, filled with joy
and excitement. Now, what do you do...? Oh no, the fear sets in as
you begin to wonder how you will support your family, but you soon
realize you have taken the first step to financial freedom. You realize
that through education and action, you will achieve your dreams!
You want to learn how to earn over $10,000 per month passively
with very little daily input, freeing up your time to enjoy the more
important things in life such as family, friends, health, love, and
everything else that is important to you without having to worry
about the associated financial burden that life throws at you. This
book is the next step in learning how to quickly build passive income
streams to attain financial freedom and live the life you dreamed of
and deserve!
I have worked hard to build the passive revenue streams I am
fortunate to have today, allowing me the lifestyle and luxuries I
choose. Now don't get me wrong, it isn't easy, it requires arduous
work, and you will likely fail at some point. But you will also succeed,
and rest assured that the number of your successes will far outweigh
your failures. Through my own extensive experience in all my years
of business, with constant trial and error of thousands of different
money making ideas that I have conjured up, strategies I have tried,
businesses I have run and made a success of (and sometimes failure),
invaluable life lessons, I am pleased that I can share with you some
of my most successful strategies to generate passive income streams,
requiring little to no capital outlay, focussed around minimal time
input in terms of the daily management of the businesses once setup
- you are setup up for success when you implement what you will
learn in this book.
What is passive income?
Passive income is income you generate in a manner that requires
little to no daily effort to maintain. It is money that flows in regular
intervals without the need for putting in a considerable amount of
effort or time to create it.
What is financial freedom?
To me, financial freedom means that you get to make life decisions
without being concerned about the financial implications of those
decisions. It is a matter of control: you control your financial
freedom by having your money work for you, instead of being
controlled by your money and, in so doing, being forced to work for
your money. We have been brought up with the old-school, outdated
mentality that we have to go to work every day, slave away for hours
working for an often unsatisfying paycheck. This antiquated mindset
believes that the more effort and work you put in directly translates
to earning more money; however, in reality, it is often the case that
the more effort and work you put in, the bigger the negative impact
on your life, which often coincides with little value in terms of
reward. We often forget that the one thing in life we cannot buy is
time. This makes – time - the most valuable commodity available to
us, and we should therefore ensure that we are making the most of
the little time we have available on this precious time earth.
But how?
By working smarter, not harder, it is possible to generate multiple
passive income streams allowing you to live a healthier, happier life.
Now I am in no way saying there is no benefit to hard work; there are
many benefits to good old-fashioned blood, sweat, and tears. It is
where this hard work is spent and focussed that really matters.
According to the Bureau of Labor Statistics (BLS), the median wage
for workers in the United States is $51,168 per year. Assuming the
average salaried worker works 40 hours per week in the 9-5 rat race,
this means they are only earning a measly $24.60 per hour.
In contrast, using the methods you will learn in this book, the goal is
to spend no more than 20 hours per week on your passive income
streams that will generate an income in excess of $10,000 per
month. This equates to an hourly income of $115.38, equating to
469% more than the hourly wage in an average 9-5 job! Which would
you rather earn??
Passive income allows us to reduce the number of hours we work
whilst increasing our earnings exponentially. So why do we force
ourselves to be slaves to our employers? The time to make a change
is now; with the right tools, you will achieve your goals! All you have
to do is follow the step-by-step methods you will learn in this book,
and most important of all - TAKE ACTION TODAY, not tomorrow,
not next week, but right now!
STEP 1
GET YOUR HEAD IN THE GAME
"There can be no life without change, and to be
afraid of what is different or unfamiliar is to be
afraid of life."
- Theodore Roosevelt
Think better
he first step is to forget everything! Okay, maybe not everything,
T but for most of us, what we have been taught about money
growing up is a very outdated principle of working extremely hard
for someone else for our whole lives, saving our money in the bank,
and plan for retirement. Whilst this strategy may work for some, it is
not an effective way of thinking about money in the 21st century. If
you want a fast track to financial freedom, then you need to start
thinking about money differently.
Work smarter, not harder
By starting to work smarter, spending less time on tedious tasks, and
instead, using the money you earn to make more money so that your
money works for you rather than you working for your money; not
allowing it to collect dust in a low interest-bearing bank account for
years, you will be able to achieve your goals a lot quicker. We will
also start to adopt more of a problem-solving mindset where we will
find ourselves challenging the common statements such as "I can't
afford that" to better thought-provoking statements such as "How
can I afford that?" Moving forward, when we want to buy something,
we need to shift the idea from whether or not we can afford it to what
passive income revenue stream I can create in order that I can afford
it.
Debt is good
We have been taught for years to save all of our money in a bank for
a rainy day. Now whilst it is a good idea to have a little money tucked
away for a rainy day in the event of an emergency, it is also a good
idea to ensure that we take advantage of the resources we have
available to us, whether it be funds that we have saved up in our
bank accounts, or even making use of debt available to us in order to
give us a boost to where we need to get to. Do not be afraid of debt!
Making use of low-cost or free debt is a fantastic way to get a step up,
especially if your bank account balance is not looking too shabby
right now! The antiquated idea that we should not use other people's
money, such as bank loans, credit cards, or borrowing from friends
and family, is another mindset change we all need to make. In order
to fast track our progress, we need to make use of all the resources
available to us, so long as we are doing so responsibly. I encourage
you to make use of all the resources available to you, as when we do
so, it will be on the basis of a clear strategy of how that investment is
going to impact your business, how much money it will return in
profit, and in what timescale this will occur, which will allow us to
ensure the return of those funds which will result in a benefit to all
parties involved.
Time is precious - Outsource!
Do you understand the value of your time? Time is one of the most
important commodities we have available to us, we have a very
limited amount of time available to us, and we, therefore, need to
ensure that in our everyday lives we are as efficient as possible so as
to ensure that what we are spending our time on when it comes to
business and making money, are those specific tasks that are going to
generate revenue for us. All the other minuscule tasks that take up a
lot of your time but which serve no direct impact on revenue
generation can be outsourced or delegated. The goal will be for you
to eventually get a virtual assistant, who offers high-quality work at
very affordable costs, that can complete the time consuming and less
productive tasks on your behalf so that you can ensure you are
focusing your time on only the most important aspects of your
business, and in so doing, reduce your overall working hours to a
maximum of 20 hours per week. Having a virtual assistant is a great
way of taking advantage of the benefits of a highly skilled, worldwide
workforce, which are available to us at a fraction of the cost, starting
at around $4 per hour. They can take care of everything from
customer inquiries, Facebook & Google advertising, order
fulfillment, general administrative tasks, call handling, scheduling,
and so much more.
"You don't build a business, you build people, then
people build the business."
- Zig Ziglar
Fiverr.com & Upwork.com are fantastic websites where you will be
able to outsource almost any task you could ever think of. So
wherever you lack in skill, willingness, or ability, these sites make it
easy to bridge the gap with the perfect freelancer. Rather than hiring
various people for individual jobs, I find it more cost-effective to
source an all-rounder virtual assistant that has a diverse skill set that
meets many needs in my businesses. Make a list of areas of expertise
you need assistance with, whether it be graphic design, sales &
marketing, I.T. & communications, or even general admin, and then
align this within your hiring process to find the best person for the
job. You could also outsource on a per-project basis. Due to exchange
rate differences and lower costs of living in various countries
worldwide, you will often be able to secure highly skilled freelancers
at unbelievable rates who will do a great job. Read their reviews and
ask for references.
For the purposes of the strategies that we will implement in this
book, virtual assistants are highly effective at carrying out the day-to-
day tasks in running your business. Learning to delegate effectively is
an essential part of running any business.
STEP 2
CHOOSE YOUR STRATEGIES
"A vision without a strategy remains an illusion."
- Lee Bolman
here are many ways to reach $10,000+ per month. Here are 8
T different passive income strategies you can adopt today to get you
started in reaching your goal. Each of these methods is a proven
strategy I have used, which can provide substantial passive income
streams if you work at them diligently; which of these you choose is
entirely up to you! I provide a basic outline of each strategy to give
you enough information for you to decide which is the right fit for
you, providing a firm foothold so that you can go out and learn more
about each of them to implement into your $10,000 per month goal.
Choosing the right strategies can be hard for some; what I
recommend you do is run through all of the strategies and start with
the ones that align best with the interests and hobbies you enjoy the
most. Business is all about doing what you love, so it is best to start
with the ones which you think you may enjoy the most. When it
comes to business, it is always best to diversify as much as possible,
but also not to overwhelm yourself. If you are the kind of person that
tends to lose focus easily or is unable to multi-task effectively, then it
may be best that you start with one or two strategies and then work
your way up from there. If you are someone who can manage a lot on
your plate all at the same time, then feel free to take on a few more.
However, it is better to be a master of one than a master of none, so
if in doubt, start with one strategy, then go from there.
DROPSHIPPING
"Whatever the mind can conceive and believe, the
mind can achieve."
- Napoleon Hill
What is Dropshipping?
Dropshipping is a retail fulfillment method where a dropshipping
store (an eCommerce website you create) doesn't keep the products
it sells in stock. Instead, when making a sale on your website to a
customer, you purchase the item from a third party, and the third
party packages and ships it directly to your customer. As a result, you
never have to handle the product directly. You also never need to pay
for any stock upfront; you receive your money from your customer
before you buy any stock!
The biggest difference between dropshipping and the standard retail
model is that the seller (you) doesn't stock or own inventory. Instead,
you purchase inventory as needed from a third party—usually a
dropshipping wholesaler or manufacturer—to fulfill orders. You are
an intermediary between your customer and your dropshipping
supplier.
All you need to do is source best-selling products, advertise them for
sale on your website, establish a relationship with a dropshipping
supplier who takes care of the fulfillment for you. The supplier has
no interest in promoting their branding to your customer; their
concern is simply with volume sales.
Let's say, for example, you want to sell a pet bed on your store. You
can source this from the dropshipping supplier for around $10,
including shipping to your customer, you sell it on your website for
$50, and you make a profit of $40 on each sale. You keep the $50,
and you pay $10 to the supplier to get the product to your customer.
I have personally run a store in the pet niche, which was generating
in excess of $15,000 per month selling a single product, a super-soft
pet bed, to my customers in the USA, Canada, UK & Australia. It only
required 15 mins of my time each day when I was doing all the work
myself; I later outsourced these tasks to my virtual assistant and was
then generating $15,000 per month with zero daily input into the
business!
For under $100 to include store setup and a little advertising, you
can get your store set up and running within a couple of hours,
generating an immediate income.
Dropshipping is a really great business model if you do not want to
invest loads of money into buying & holding stock. It all comes down
to great product selection and good advertising and marketing. You
do not need to rent any costly warehouse or shop front space, and
you can run this business from the comfort of your home. You do not
need a lot of money to get started, and you can get fully set up in just
a few hours and start making money immediately. Once you have set
up your store, you will literally only need to spend around 15 mins a
day on the store to manage order fulfillment & customer queries.
When I first started my dropshipping stores, I simply spent 10-15
mins each morning on them; at the click of a button, I got the orders
fulfilled and then responded to a couple of emails. Now that I run a
multitude of successful stores generating hundreds of orders each
day, I delegate the order fulfillment, and customer queries to my
virtual assistant, so I don't need to spend any time on it at all.
Case study
If you have ever heard of Wayfair.com, you may be surprised to learn
that this is the perfect example of a successful eCommerce furniture
dropshipping store. Wayfair started as a dropshipping business when
it was founded in 2002 as CSN Stores. After analyzing the market,
they decided to sell stereo racks and stands online. They created 250
standalone sites in different niches, which they later merged into
Wayfair in 2011. Wayfair sources its products from thousands of
dropship suppliers (around 95% of their products). Wayfair also
offers a dropship supply program, so you can use them as a supplier
to dropship their products to your customers.
Steps to immediate passive income with
Dropshipping:
● Source best selling products
There are many ways to source products. The easiest way would
be to find the best-selling products on Aliexpress.com; this is a
directory of manufacturers located all over the world that
supply products worldwide. You can choose a niche that you
would like to be in, for instance, the pet niche, then search or
browse products sorting them in order of highest number of
orders. Select either one product or a few different products to
later import into your store. Other ways to source products are
by searching Google trends or best sellers on popular sites such
as Amazon, Wish, Kickstarter, etc., or by researching the latest
trending Facebook video ads, which are usually where most
dropshipping products are advertised. Below is a list of the
most popular dropship suppliers:
Spocket
AliExpress
Suppliersdata
SaleHoo
Doba
Wholesale2B
Worldwide Brands
Wholesale Central
Sunrise Wholesale
MegaGoods
InventorySource
National Dropshippers
Dropshipper.com
OfficeCrave.com
● Create your online store
Many platforms offer complete off-the-shelf eCommerce stores;
my favorite is Shopify.com. It offers a full eCommerce platform
with everything you will need to get up and running in a couple
of hours. It is very easy to set up and design even for the most
basic of beginner levels, with a very low monthly cost of around
$29. Shopify allows you to import products directly from
various supplier sites such as Aliexpress.com using an add-on
called Oberlo. It offers a complete order fulfillment process and
payment gateways such as Paypal, as well as various SEO
services to drive traffic to your site. It has an array of add-on
platforms & apps that integrate seamlessly into the store for
just about anything you need to run an eCommerce store.
Below are my top 10 alternative platforms you can use to set up
your eCommerce store, should you prefer not to use Shopify:
Wix.com
WooCommerce.com
Yahoo Stores (Smallbusiness.yahoo.com)
BigCommerce.com
Volusion.com
Shift4shop.com (3DCart)
Magento.com
Squarespace.com
Salesforce Commerce Cloud
(Salesforce.com/products/commerce-cloud)
Yo-kart.com
● Start Selling
It's as easy as 1-2-3! Now you have found your product(s) and
set up your store, all that is left to do is start selling! Use
Facebook Ads and/or Google Ads to get the word out and drive
traffic and sales to your store! If you are not familiar with
running ads, you can easily outsource this to a virtual assistant
or a freelancer who specializes in ads that can run your
campaigns for you. Set up social media accounts such as
Instagram, TikTok, or Facebook to build your audience and
market your products.
● Order fulfillment
There is no better feeling than when that first sale comes in!
Once you have made a sale, there are various ways you can
fulfill orders. Assuming you are using Alexpress.com for your
product supply, use the Oberlo add-on to manage the order
fulfillment process. When an order comes in, with a few clicks
of the button, Oberlo will place the order from the supplier on
Aliexpress.com, who will, in turn, get the product sent out to
your customer directly. When the order is placed with the
supplier, they are advised in the Oberlo template not to include
any of their own brandings so that the customer understands
that they have purchased from you directly.
It is also possible to make use of dropshipping agents to supply
products and fulfill orders; they are generally used when you
start to get a high level of orders each day.
Benefits of Dropshipping:
No huge capital outlay or setup costs
Quick and easy to get started, low barrier to entry
Earn income from day one
No need to hold or manage stock
It can be run from anywhere with a laptop/smartphone
and internet connection
Capital required to start: $29+ for a Shopify store
subscription
Earning potential: Unlimited, $0 - $1m+ per month
Time spent on business: 15 minutes per day
SUBSCRIPTIONS
"Ignoring online marketing is like opening a
business but not telling anyone."
- Anonymous
What is a Subscription business model?
A subscription business model is an idea of selling a product or
service by obtaining a commitment from your customers to place
automated recurring orders and thereby creating regular ongoing
subscription revenue. A customer would purchase a product or
service and, whilst doing so, sign up for further regular orders that
are generated automatically without the need for them to manually
place each order. These can be monthly, bi-monthly, quarterly, 6
monthly, annually, etc.
Subscriptions emphasize the way revenue is generated so that a
single customer pays multiple payments for prolonged access to
goods or services. Subscriptions are a great strategy to implement
into any of the business strategies you will learn in this book. It is a
fantastic way to ensure automated repeat business.
Subscriptions these days are not limited to newspapers and
magazines; they have taken on a whole new form of revenue
production, which is implemented in many eCommerce stores. There
are many things you could create subscriptions for in your business,
the most common of which being subscription boxes, which could
include an unlimited number of ideas such as various items of food
and meal kits, treats and gifts, drinks and alcohol, pet treats and
accessories (BarkBox), health and beauty products or makeup
(Birchbox), regular household goods like paper towels and toilet
paper, books and games, or Dollar Shave Club's recurring razor
orders - the list is unlimited!
These are very easy to source from suppliers and can easily be
implemented into your eCommerce store to be sold immediately.
As mentioned in our first lesson on Dropshipping, these
Steps to immediate passive income with
Subscriptions:
● Decide on your subscriptions business
Either add on a subscription model to your existing eCommerce
or Dropshipping store by selecting any of your existing
products that may be suitable to be sold on a subscription basis
(basically any item a customer would want to purchase
regularly). Options can be added to a particular product
checkout page to either purchase as a once-off or as a
subscription for a defined frequency giving your customers
more choice. Alternatively, you could create an entirely new
eCommerce store focussing solely on a particular subscription
model such as BarkBox's pet treats subscription box, which you
could source from suppliers on sites such as Aliexpress.com
and various other manufacturers.
Follow the steps mentioned in the Dropshipping module to
market and sell your subscription products or services and
fulfill orders.
Benefits of Subscriptions:
The subscription pricing model attracts more customers;
paying a lower monthly amount than a large lump sum is
attractive.
Recurring bill offers a predictable revenue stream, having a
better idea of what your earnings will be
Increased return on customer acquisition costs
Capital required to start: $0, can simply be added to your
existing store
Earning potential: Unlimited
Time spent on business: No additional time required; in
fact, it will increase efficiency
AMAZON FBA
(FULFILLED BY AMAZON)
"Success at the highest level comes down to one
question: Can you decide that your happiness can
come from someone else's success?"
- Bill Walton
They say that you should find a good mentor and learn from them.
There is no better mentor when it comes to online business than the
richest man in the world, Jeff Bezos, founder & CEO of Amazon. The
key to passive income is setting up businesses that generate income
and run themselves, and Jeff Bezos has created the ultimate solution
for everyday people like ourselves to benefit from the massive
success and growth Amazon has created. The FBA service provides
full automation, which is exactly what we are looking for in our goal
to $10,000 passive income per month.
Amazon FBA has undoubtedly become one of the most popular ways
to earn a passive income online. In fact, over 2 million people are
selling on Amazon worldwide, selling over 12 million products, with
around 150 million customers who have Prime memberships. Prime
customers spend on average around $1.4k per year. In September
2019 alone, Amazon reached over 150.6 million mobile users who
were accessing the Amazon application in that particular month!
And Amazon FBA gives sellers a 30-50% increase in sales. Amazon
brought in $125.6 Billion in sales revenue in the fourth quarter of
2020. It is evident that this is the place to be when it comes to
creating passive income from selling online!
What is Amazon FBA?
This is probably best explained by Amazon themselves:
"Let Amazon pick, pack, and ship your orders. You sell it; we ship
it... With Fulfillment by Amazon (FBA), you store your products in
Amazon's fulfillment centers, and we pick, pack, ship, and provide
customer service for these products. FBA can help you scale your
business and reach more customers."
With Amazon FBA, the goal here is simple, find bestselling products
to sell on Amazon, purchase the products from a supplier or
manufacturer to be shipped to Amazon's warehouse where they are
stored for you. List your products on Amazon's website, where they
are then sold, benefiting from their massive customer exposure, and
Amazon will package and ship your products directly to the customer
for each purchase. Amazon also takes care of all customer service
inquiries, so you literally do not have to lift a finger! This is pure
passive income automation at its finest, backed by a hugely
successful company and their associated customer service team!
Amazon charges a fee for their fulfilment service, which they deduct
from the total sales revenue generated on their site before the
balance is paid to your account, usually around every 14 days.
Case Study
Let's look at a basic example of selling an iPhone cover on Amazon
FBA to put things into perspective, using an Amazon seller as an
example: a brand called SURPHY.
With a very quick search on Alibaba.com, I found a great-looking
silicone iPhone cover from a manufacturer with fast shipping to the
U.S.; they have a minimum order quantity of 50 units without any
customizations being made to the product.
Check out the numbers:
$0.25 - Cost price per unit x 50 units = $12.50 Total Cost of
Goods (COG)
$27.38 - Shipping fee to U.S. Amazon warehouse (5-9 days
delivery)
$39.88 - Total order amount ($12.50 COG + $27.38 shipping)
$0.80 - Landed Cost per iPhone cover delivered to Amazon's
warehouse (rounded off)
$12.99 - Sale price per unit on Amazon.com for the identical
iPhone case
$4.95 - Fees deducted by Amazon for each sale
$7.24 - Profit per unit sold (55.74% Margin)
$362 - Total Profit on 50 units
You can use the Amazon FBA Revenue Calculator tool to calculate
estimated revenue and fees, using a competitor's ASIN (product
number). The below calculator can be found by searching 'Amazon
FBA Revenue Calculator' in Google.
At the time of publishing, using the earlier tool I mentioned
(Junglescout.com, as pictured above), I identified that the particular
seller used in my example is selling around 2707 units of this
particular iPhone case on Amazon.com on average each month.
Therefore, if you were selling the same numbers as this seller, this
would equate to a monthly profit of $19,598.68!!
Almost double our $10,000 per month goal on just one product!
I bet you never thought you could make this much just on an iPhone
case! There are many profitable products out there, the earning
potential is unlimited.
Steps to immediate passive income with
Amazon FBA:
● Source best selling products
There are numerous methods of sourcing best-selling products.
I have found that the best way in which to do so is through
proven analytical data collected from Amazon. There are
various tools that can be used to determine which products are
selling well and which are most profitable with the lowest
amount of competition (reviews). I have used Jungelscout.com
and Helium10.com, which both offer excellent tools to analyze
all the data that is available on Amazon. These tools are paid
for; however they are well worth the money in my opinion as
product selection is one of the most important aspects of being
successful on Amazon, it is extremely important you select the
right products with proven sales volume, and these tools and
the resources they provide on how to use them are extremely
useful in this process. It is also possible to analyze data without
these tools for free but is more time-consuming. An entire book
can be dedicated exclusively to product research and FBA as a
whole, but I aim to provide a basic outline to get you started in
the right direction. Most products can be sourced from one of
the largest wholesale manufacturer online directories,
Alibaba.com. Manufacturers and suppliers on this site are
based all over the world; there is not much you can't find on
Alibaba.com.
● Private Labelling or Reselling?
Private labeling is my preferred method of selling on Amazon
when it comes to product selection/creation, as this allows you
to source a product to sell but to create your own brand around
that product which will set you apart from other products and
sellers, making yours more desirable and generate more sales.
In a nutshell, private labeling is when a product is
manufactured by one company (the manufacturer or supplier)
which is then branded for, marketed, and sold by another
company (you). This allows you to choose your own brand
name, create and design your own product packaging, logo and
even customize the product features, size, finishes, etc. - a fully
customizable product which you essentially create to make your
own according to the needs of your customers based on your
customer research. Checking negative customer reviews of
competitor products will hint at changes you could make to
improve the product, making yours superior. Most of the
elements within this product creation process can easily be
outsourced to freelancers, such as logo and packaging design,
listing images and infographic design, etc. There will usually be
larger minimum order quantities for customized products
which will increase your initial capital outlay. Also, factor in
any graphic design costs, which are usually quite cheap, e.g.,
you can get a customized package design on Fiverr.com for as
little as $5. You can also purchase products as they are without
customizing them but still sell them as your brand. The
minimum order quantities in these instances are lower and
therefore require lower capital outlay and lower graphic design
costs.
Alternatively, you could source and resell existing branded
products; however, I would not recommend this route as the
margins are low and this involves more work. There are loads
of restrictions on which can and can't be resold, not to mention
the high competition with other big brand stores where these
brands are already established, making it a lot more difficult to
stand out amongst the crowd.
● Buy stock and ship to Amazon.
Once you have sourced your products, negotiated and agreed
quantities and prices, you are now ready to purchase the
wholesale stock and get them shipped to an Amazon
warehouse. Many manufacturers found on Alibaba.com offer
shipping services direct to Amazon FBA warehouses;
alternatively, you can find a freight forwarder who is an agent
who specializes in shipping wholesale stock internationally that
can handle everything for you. My suggestion would be to use a
freight forwarder as they can offer a complete service and take
care of all the shipping for you. The shipping process,
terminology, charges, and taxes can be slightly confusing to
some who have never dealt with this before, and a freight
forwarder can ensure that you don't need to concern yourself
with the details. Remember, the aim is to make use of the
resources around us to be as efficient as possible even if it
means it costs a little more, as we want to achieve a passive
income which means minimal input from ourselves.
● Sit back, relax and watch the money roll in!
Amazon will receive your stock and get it organized in their
warehouse, ready to be picked and shipped to their customers
each time you get a sale. You will need an Amazon
seller/merchant account, so you can create your product listing
on their website, which will include product images (which can
often be obtained from your suppliers), descriptions, and
associated product keywords that customers would search to
find your product. Once you publish your Amazon listing to the
site for customers to start buying, you can rest assured that the
hard work is now over. Moving forward, Amazon will take care
of the rest, ensuring products are sent to their customers when
purchased, and these will be sent via Prime Delivery, where
customers have a Prime membership. They will handle any
customer queries directly, and you will be paid fortnightly for
all the sales generated, minus Amazon fees. You won't
necessarily need to spend any time on the business once your
listing is published and your stock is in the warehouse; you may
want to spend some time checking and responding to customer
reviews to ensure your customers are happy or to drive further
sales through advertising (Amazon PPC).
● Restock/replenish when you sell out
Very soon, you will sell out, and you will need to replenish your
stock. I always try to ensure at least 6 months' worth of stock is
available at the Amazon warehouse when I place orders from
my suppliers; however, if you can find suppliers with reliable,
fast shipping times, then you can reduce the amount of stock
held by Amazon and thereby reduce Amazon storage fees.
When it comes time to reorder, simply message your supplier
or manufacturer advising of the quantity you require, arrange
the payment to your supplier for the stock, and arrange to ship
to Amazon's warehouse. Then that is your work done until the
next time you need to replenish again. Easy! If you do this once
every 6 months, you will only spend a couple of hours per year
on this business!
Benefits of Amazon FBA:
The one business where you don't have to sell, Amazon
brings the sales to you!
Amazon takes care of warehousing stock, picking, packing,
shipping & customer service - the complete package.
When Amazon grows, you grow.
Capital required to start: As little as $39+ depending on
the stock purchased, as demonstrated in the above
example
Earning potential: Unlimited, $0 - $500k+ per month
Time spent on business: 5-10 Minutes per day
PRINT ON DEMAND
"Creativity doesn't wait for that perfect moment. It
fashions its own perfect moments out of ordinary
ones."
- Bruce Garrabrandt
Print on demand is another form of Dropshipping but is perhaps
considered the more creative as this is where you can let your
creative juices flow to come up with amazing personalized products.
Customized items are in very high demand; customers love to be
unique and stand out from the crowds!
What is Print on Demand?
Print on demand is when you sell your custom designs on your
eCommerce store, either designed yourself or obtained from other
sources, which are printed on various products of your choice such as
T-Shirts and apparel, face masks, mugs, phone cases, pet products,
stationery and office equipment, puzzles, homeware, tech accessories
and so, so much more! In the same case as Dropshipping, the
supplier ships the products directly to your customers on your
behalf.
Setting up, again, is very easy. You will create an eCommerce store
and then integrate a Print on Demand service (supplier) into your
store. When your customer makes a purchase of whichever unique
products you decide to sell, the order will integrate with the supplier
who will print the item, package it, and ship it to your customer for
you.
There are loads of awesome Print on Demand suppliers that you can
choose from who seamlessly integrate with eCommerce platforms
such as Shopify. See below for a list of suppliers I can recommend
checking out:
Printful.com
Zazzle.com
Redbubble.com
TeeSpring.com
CustomCat.com
Printify.com
Printaura.com
Teelaunch.com
Viralstyle.com
Society6.com
Case Study
Mooshe Socks (Shopmooshesocks.com) is a vibrant dropshipping
company selling socks that come in all sorts of cool designs and
colors. When looking at their store, you would never think that they
are actually a print-on-demand dropshipping store. They have also
incorporated a Subscription service model, like the one we covered in
an earlier module, boosting their regular revenue from customers
wanting a regular supply of socks. This is a great example of a fun
store that can easily be set up as a successful print-on-demand
business.
Steps to immediate passive income with
Print on Demand:
● Source best selling products
Have an idea of your own or something you would like to
design? Great, now is the time to realize that dream! Not have
anything in mind? No problem, browse the product ranges
from the print-on-demand suppliers listed above and see which
products catch your eye. Try to find something that is unique
and creative, that will stand out, and which you can create a
great-looking store around. Use Google Trends to see which
search terms/products are trending. Browse the best sellers of
popular websites such as Amazon.com, Etsy, etc., for
inspiration.
● Create your store and brand
If you already have a store, then great, you can skip this step. If
you don't already have a store, much like we have done in
earlier modules, you can set up a store easily with Shopify.com.
Create and design your store around a catchy brand that aligns
with the products you are selling and the message you want to
put across. Remember, feel free to make use of freelancers
wherever necessary to reduce the amount of time you spend on
tedious tasks or on those where skills may be slightly lacking.
● Team up with your Print on Demand supplier
Many of the above-listed suppliers will integrate seamlessly
with a Shopify store. Do your research on how much you will
sell your products for, which countries you intend to sell to,
how much it will cost to supply your print-on-demand products
from your supplier, and what their shipping times are to your
customers. Set up the integration then you are good to go! Most
eCommerce platforms and suppliers will have step-by-step
guides on how to integrate into your store.
● Get creative
This is where the fun kicks in! Come up with your design ideas
of what you want to print on your products. Try to be unique
and current, getting ahead of the trends. You can create your
own designs yourself if you choose to. Maybe you are already a
skilled designer with access to high-tech software such as
Adobe, or maybe you are a complete beginner with a passion
for succeeding. There is no need for you to go out and buy any
expensive software; there are loads of free platforms out there
with various templates you can edit to your taste. I often use
Canva.com, a free web-based platform with loads of designs
and templates you can easily edit yourself.
No desire to do the work yourself? No problem, working
smarter rather than harder is the name of the game! Outsource
the design on Fiverr.com or Upwork.com for as little as $5!
Some Print on Demand stores also offers their own design
templates you can use and customize.
● Start selling & fulfill orders!
In exactly the same way you learned about how to market and
sell in the earlier Dropshipping module, replicate those
strategies to market, sell and fulfill product orders. Get the
word out there about your awesome products, and you have
done it again, adding another passive income revenue stream to
the $10,000 per month goal!
Benefits of Print on Demand:
Get creative and have some fun with your business
No huge capital outlay or setup costs
Quick and easy to get started, low barrier to entry
Earn income from day one
No need to hold or manage stock
It can be run from anywhere with a laptop/smartphone
and internet connection.
Capital required to start: $29+ for a Shopify store
subscription
Earning potential: Unlimited, $0 - $500k+ per month
Time spent on business: 10-15 minutes per day
AFFILIATE MARKETING
"To have an impact on your audience, you must
understand their pain points."
- Neil Patel
What is Affiliate Marketing?
Very simply put, this is the system of earning commission through
promoting other people or companies' products. You find other
people's products, which usually align with your existing business or
audience, promote them and earn a share of the profit for each sale
made through your referral link. This is an online sales tactic letting
product owners increase their revenue by letting others (you), who
are targeting a similar audience - "affiliates" - earn commission from
product recommendations whilst simultaneously making it possible
for affiliates to earn additional revenue on product sales without
having to actually create products of their own.
But why would you want to promote other people's products, you
ask? Very often, your business aligns with other complementary
products within your niche that you have no interest in selling or
creating yourself but which will be of benefit to your customers or
following. Considering you share a similar customer base and you
are already promoting your products or services to your customer
base, you can also mention complimentary products to your
customer base, which may not be in direct competition to you. If
your customers make a purchase using the referral link or discount
code you share with them, then the merchant (who owns the product
you are recommending) will pay you a pre-agreed commission.
Affiliate marketing is a great way to earn an additional revenue
stream off the back of your existing business or even as a standalone
entity promoting lots of products, such as a blog or podcast.
Case Study
A hypothetical example of this would be someone who has their own
cooking channel on Youtube; let's make up a name and call them
'Chef Luigi.' Chef Luigi may post video and content on his channel or
online blogs and website promoting his recipes and cookbooks for
sale to his customer base. Chef Luigi only sells cookbooks and has no
interest in selling any other products, however during his cooking
process, he often uses impressive products, let's say, for instance, a
great food processor from a company we will name 'Kitchen Lover,'
which Chef Luigi really likes because it gets the job done well. Chef
Luigi agrees to an affiliate partnership with the seller of the food
processor (Kitchen Lover), whereby Chef Luigi will receive a
percentage of the sale price of any sale generated from his referral
link or discount code which he shares with his customer base in his
usual promotions for his own cookbooks.
Some other examples of great affiliate program products include
fashion & apparel, computer products and accessories, health and
wellbeing products, vehicle and bicycle accessories, and loads more.
Steps to immediate passive income with
Affiliate Marketing:
● Find and join an affiliate program
It's time to dive in and find the affiliate programs best suited
for your business. Again, there are so many to choose from.
There are affiliate networks that you can join offering a
selection of brands and offers to work with, whilst some
companies manage their own affiliate program in-house. The
quickest and easiest way to get started would be to have a look
at an affiliate marketplace, where you can browse your chosen
niche to find top-performing affiliate platforms to partner with.
Below are some popular platforms to get you started:
Avantlink.com
Clickbank.com
Affiliatefuture.com
Linkconnector.com
Cj.com
Revenuewire.com
Flexoffers.com
Shareasale.com
● Choose offers you wish to promote
Whilst browsing through the different options available, the
most important factor to keep in consideration is your niche. It
is imperative that you are selecting offers that align with your
existing niche or your existing customer base or following. The
idea is that you don't want to put extra energy into marketing to
people outside of your existing audience, as this will add
additional time and expense. If you don't already have an
existing audience, then that is fine; you will build an audience
but try to ensure you are building an audience who share
common interests, ensuring they will see value in the products
you will recommend. For instance, a food blogger wouldn't
promote beauty products. But they may promote a wide range
of other products which would fit within their niche, such as
cookware, recipes, cookbooks, meal kits, etc. Once you have
selected your offers, obtain your unique affiliate link for each
offer that you will use to promote. In order to be paid a
commission, the purchase must be made through your
audience clicking that particular link so that the sale is
associated with your account.
● Spread the word; it's all about marketing.
Now it's time to get the word out; sharing is caring! Share the
affiliate links to your customer audience using various
strategies. You can create blogs to provide value to your
audience, run social media campaigns on Instagram and
Facebook. Setup email marketing campaigns or include the
links in your existing email marketing campaigns to your
customer audience. Offering promotions, discount codes, or
coupons are another great way to get customers to buy. You
could also create helpful content such as how-to videos,
overcome your audience's everyday problems through product
video demos. You could also add advertising banners, buttons,
and links to various parts of your website or blogs.
● Get paid
Collect a commission each time someone uses your link to
complete a purchase. Commission rates vary considerably
depending on the company and the offer. The lower end of the
spectrum will earn you around 5% of the sale; however, with
some affiliate arrangements, you can earn as high as 50%
usually when promoting something such as a class or event.
Some affiliate marketing programs pay a fixed fee flat rate as
opposed to a commission percentage.
Benefits of Affiliate Marketing:
Very easy to do, no product creation, marketing is the only
element
No capital outlay is required at all
Very low risk, there is no cost or regular expenses involved
Earn an income instantly
Allows you to scale your business revenue without hiring
additional help
It can be run from anywhere with a laptop/smartphone
and internet connection
Capital required to start: $0
Earning potential: Unlimited, $0 - $200k+ per month
Time spent on business: 5 minutes per day
ONLINE COURSES
"An investment in knowledge pays the best interest.
"
- Benjamin Franklin
The time to build and sell online courses is now! Education is in
constant demand, provides excellent value to its consumers, and in
today's world, the content to build the course is often free or
inexpensive to come by, which translates to excellent profit margins.
Millions of people are purchasing online courses, both inside and
outside of the traditional educational system, to upgrade their
knowledge or skills on every manner of topics. They prefer a step-by-
step, clearly laid out and organized course, which provides support,
as opposed to spending hours navigating the free information
minefield online, which often sends them down numerous rabbit
holes for hours - in the end learning little, ending up only with more
confusion. You can create and sell courses on topics such as social
media marketing, building websites, cell phone repairs, business &
entrepreneurship, arts & crafts, health & fitness, education, personal
development; the options are endless!
What are Online Courses?
A pretty self-explanatory term everyone is likely to already be aware
of, online courses are an alternative to studying at a school or college.
Instead of attending lectures and seminars, you learn from the
comfort of your own home or wherever you choose to. All teaching
materials are delivered online, and you can learn at your own pace
whenever you choose to do so.
How much can you make? Online courses are extremely profitable;
you can earn anywhere from $0 - $50,000+ per month as a starter,
sometimes even up to $1m+ per month depending on the course and
level of expertise or quality of content you can offer. There are many
factors that may affect your income potential, such as the sale price
of your course, the size of the niche, and the size of the audience you
are marketing to. Your goal is to provide as much high-quality, value
content surrounding a particular topic as possible in an organized
and easy-to-understand manner.
Case Study
There is no better success story when it comes to online courses than
the one featured on Forbes.com about Joseph Michael, a regular dad
from Missouri who achieved fantastic success in a journey to earn
over $100,000 per year through online courses. Living from
paycheck to paycheck, he created an online course to help others to
learn to use a tricky writing software platform to boost their writing
careers. He has created online courses to help fledgling writers and
entrepreneurs achieve their dreams. Joseph started with a blog
called Efficient Life Skills targeted towards helping people learn how
to do things faster. Inspired by a shoe-tying lesson his daughter
learned in 5 minutes, he went on to create a step-by-step video that
people could use to teach their own kids how to tie their shoes. The
video went viral and has since had 800,000 shares; this eventually
led to him creating an online course relating to a word processing
program and earning a passive income from it through educating
people based on research of his own, with no experience of online
courses at all!
Steps to immediate passive income with
Online Courses:
● Decide what you would like to teach
Online courses tie in very well where businesses or individuals
have existing followings; for instance, a chef selling cookbooks
could offer their customers access to an online course where
pre-recorded videos teach advanced cooking techniques, skills,
and recipes. Alternatively, you could also set up an online
course from scratch even if you don't have an existing following
or audience, but you would then need to build an audience
through marketing to promote the course to. Look at you’re
existing or planned business ventures and deduce if an online
course could be introduced; this is usually the easiest way to
decide what to teach about. Alternatively, draw upon your
professional or life experiences to find something you are
passionate about teaching and go from there. You could also
search online for the most popular online courses currently
being sold and see which you would be most passionate about.
Passion is important when selecting any product or service to
sell or promote, as it is easier to remain motivated about
something you are passionate about.
A great little exercise you can do to get you started is simply to
make a list of 10-20 of your passions or interests, alongside that
list your skills, experience, and achievements within each of
those interests and then choose the ones which intersect the
most, and which you feel most passionate about. Ask yourself,
which of these could I talk about for ages without becoming
bored? You will be surprised at how quickly you will find a
great idea.
● Identify your customer and validate demand.
Work out who the course will appeal to so that you can identify
your target audience, and remember just because it appeals to
you does not necessarily mean that it will appeal to everyone. If
you try to create a course that will appeal to everyone, it is likely
to appeal to no one. Niche down as much as possible to find a
specific target market which will then be easier to market to. If
you have an existing customer base, then find out exactly who
they are and what appeals to them. Validate the demand for
your course by researching your competition, find other people
or companies who are offering the same or similar courses or
who serve the same target audience. Check out best-selling
Amazon books, other online courses from a Google search,
'gurus' who have a following on Youtube, podcasts, etc. If other
people are successfully selling online courses on the same topic,
then this is a good sign; however, if you cannot find any other
courses on the same topic, this could be a red flag that there
may be no demand. Another way to validate demand, if you
have an existing target audience, is to simply ask them what
they want to learn. This can be done via email marketing and
surveys as well as on social media posts encouraging them to
comment on topics.
● Create the course
Let the fun begin! This is one of the more exciting steps, but it
can be time-consuming, so try to be as efficient and as
organized as possible. Identify exactly what you want your
students to take away and learn from the course, and then map
out exactly how you will deliver this to them.
Start with your topic title.
Create a course outline, lesson by lesson
Create or record your content. You can choose to create
text, audio, or video content - most courses include all of
these. I find video content to be the best way of
communicating a lesson online. You can record content
yourself free of charge using your smartphone; you don't
need any high-tech equipment for this. Alternatively,
outsource this to a freelancer if you prefer
Set up your course website or platform. Whilst not
originally set up to accommodate online courses, if you
already have a Shopify website set up, you can use
Shopify.com along with an add-on from the Shopify App
Store. Thinkific is an app you could use; however, there are
many different apps available to choose from. Kajabi.com
is a popular platform to create courses that work really well
and offer a mobile application that is very handy to your
students learning on the go!
Create a members-only Facebook group for your course.
This will allow you to easily interact with your students but
also provides a platform for students to interact with each
other where they can provide value and support to one
another, therefore requiring less input by you
Test the course content and usability from a student's
perspective before going live
● Get the word out
Once your course is ready, it is time to let the world know about
it! Decide on a pricing model that works for you, do your
research to see what competitor courses are selling for. You can
create offers and discounts to instill urgency to purchase. Focus
on customer successes to promote your course. People want to
know that they will successfully achieve the desired outcome
once they have completed your course. You can market it in the
usual methods already covered in previous modules via social
media campaigns, paid advertising campaigns, email
marketing, etc.
● Provide support
Students will likely have questions they need answering; a great
way to deal with this is by setting up a FAQ section on your
website where they can find answers to commonly asked
questions. You can also direct them to the Facebook
community, where other accomplished members are able to
answer their questions without the need for you to get involved.
You can also provide value to your students by offering a
regular Q&A webinar, where their questions can be answered in
one sitting, for instance, once a month. Once your member
numbers grow, you want to ensure that you are not getting too
involved in the business so that you can ensure the income is
passive and you do not fall back to becoming an employee
rather than a business owner. There are various methods you
could adopt in providing support without needing to be directly
involved in this yourself. You could elect mentors from your
student pool who have demonstrated success through their
achievements in the course and offer them remuneration for
hosting the regular Q&A's or assigning a Facebook group
moderator who answers any questions students may have.
These tasks can also be outsourced to freelancers with
experience or knowledge in your chosen topic.
Benefits of Online Courses:
Easy-to-use platforms simplify the course creation process
You can offer courses that complement your existing
business
Create passive income by reselling the same course
continually
You can use an online course to lead customers to other
product offers & vice versa
Online availability means you can target customers
worldwide
Capital required to start: $0
Earning potential: Unlimited, most earn $0 - $50,000+
per month but can go as high as $1m+
Time spent on business: 30 minutes per day
REAL ESTATE
CROWDFUNDING
"Ninety percent of all millionaires become so
through owning real estate."
- Andrew Carnegie
Ever wanted to invest in real estate but never had the capital, know-
how, or time to do so? Then crowdfunding is a great way to begin.
I'm sure you have already heard the term 'crowdfunding' before;
perhaps you have invested in crowdfunding projects or even
obtained investment financing from crowdfunding platforms for
your own projects. Crowdfunding can serve many purposes; it is a
great starting point to get into the real estate game. For the purposes
of this lesson, we will make use of crowdfunding as a way to invest in
real estate without having to fork out loads of cash and by
minimizing our risk to some degree. It is a lower barrier to entry
form of real estate investment, where someone else does all the
legwork for us.
What is Crowdfunding?
Crowdfunding is a way of pooling money together from a group of
investors in order to make an investment into a project, company, or
business, usually requiring a large amount of capital. It relies upon
the power of many, with smaller capital investments, to achieve a
larger goal or outcome that would have been more difficult to achieve
on your own. Crowdfunding lets small-time investors fund large
projects.
The first incidence of modern crowdfunding was in 1997 when a
British rock band called Marillion raised money from their fans to
fund their U.S. tour. While crowdfunding is a relatively new term
when comparing it to other more traditional investment strategies,
the core element of its function has, in fact, existed for centuries.
Friends, family, partners, and institutions have come together to
purchase property collectively for many years. The main difference
between collective real estate investing of the past and crowdfunding
for real estate today; is the ability to transact online by a much wider,
global audience, using the internet as a new distribution platform
that brings together a greater collective buying power.
Given the advances of modern technology in today's world, investors
no longer need to go out beating the streets and knocking on doors to
find great investment deals. Instead, investors can now find and
browse deals online from the comfort of their homes, sign legal
agreements securely online, transfer funds, and gain access to
investor dashboards to manage their investments and see how they
are performing in real-time. No need to exhaustively carry out due
diligence on hundreds of potential projects to find the one that is
right to invest in, only to later realize you missed something
detrimental. With crowdfunding, investors can browse pre-qualified,
pre-curated investments through crowdfunding platforms, which
have teams of in-house experts analyzing all the data, crunching the
numbers, doing the hard work for you.
The types of investments you can make.
Generally, there are two main types of investments you can make
when using real estate crowdfunding:
1. Equity Investments
Equity investments are like owning shares in an apartment
building. This type of investment will return a share in the cash
flow of the project from rents on a regular ongoing basis and
appreciation in value when the property is sold. Much like
when you purchase a property yourself, you will outlay a large
sum of cash to purchase the property; when you rent it out, you
will get a monthly rental income, and then when you sell it, you
will make a profit on the capital appreciation it has gained over
time. The equity investment model scales this down to an
investment level that you can afford. Rather than requiring a
large capital outlay upfront, you can invest at a level that is
affordable to you whilst getting the same benefits in proportion
to your initial investment. I have seen some crowdfunding
platforms offering investment levels from as little as $100, but
most will usually start a little higher at around $500 minimum
investment.
2. Secured Loans
In this strategy, you are essentially acting as the bank in the
real-life game of monopoly. Your investment is treated as a
loan, similar to a bank making a loan, which is secured against
the real estate project. These loans pay you a monthly interest,
often a lot higher than any interest-bearing account you would
get from a bank, and the investment is secured by the property,
so it is relatively low risk.
The main difference between the two investment types above is
that the equity investment strategy allows you to share in the
upside in property value and in the cash flow from rents which
usually change slightly in value from tenancy to tenancy
dependant on the market (and are usually paid quarterly);
whereas loans allow the investor to receive a consistent,
monthly income stream with less volatility as this will be at a
fixed rate.
"Roughly 90% of millionaires—yes, 9 out of 10—
created their wealth through real estate," says Kurt
M. Westfield, managing partner of W.C. Companies
in Tampa, Florida. "Not stocks. Not gold. Not
baseball cards or other seasonal or whimsical
investment vehicles."
How much can I make from real estate
crowdfunding?
What you earn will be dependent on your level of investment and the
length of time you choose to invest. Typically you can achieve around
12% annual return on your investment; however, this can swing
higher or lower year-to-year. Like with traditional real estate
investing, it is not without risks; property values can increase as well
as decrease; however, being a crowdfunding investor definitely limits
your risk.
When investing in rental properties as an owner rather than as a
crowdfunding investor, an owner is faced with all the hassles and
hardships that come with property: nagging tenants, late-night
emergency property maintenance, calls at all hours over minuscule
issues, etc. The beauty of crowdfunding investment is that you don't
need to deal with all this hassle; your investment is a truly passive
one. This is a fantastic passive income stream to add to your arsenal
to achieve your $10,000+ per month goal.
Steps to immediate passive income with
Real Estate Crowdfunding:
● Choose a crowdfunding platform
There are many different types of platforms to choose from,
often you will need to register to browse the deals on offer, and
you may need to be vetted for security purposes.
Fundrise.com (Invest $500+)
Diversyfund.com (Invest $500+)
Crowdstreet.com (Invest $1,000+)
Peerstreet.com (Invest $1,000+)
Realtymogul.com (Invest $5,000+)
Patchofland.com (Invest $5,000+)
Prodigynetwork.com (Invest $10,000+)
Realcrowd.com (Invest $25,000+)
● Find a deal & invest.
Decide on the level of investment you are comfortable making;
how much can you afford to put in? Your funds will usually be
tied in for a certain period of time; find out the minimum term
required as well as what your options are for pulling the funds
out. The more funds you invest, the higher the level of passive
income that you will earn, but only invest what you are
comfortable with. Decide on the investment type, whether you
prefer a 'share' (equity investment) or you simply want to make
a 'loan' (secured loans). Browse the different investment deals
available at the time, analyzing, in particular, the level of
investment required and the return being offered. Go over all
the details to fully understand the deal, and reach out to the
crowdfunding platform if you have any questions at all. Pick a
deal and pull the trigger.
● Watch the money roll in
Depending on the deal you have selected, there will be different
ways and frequencies in which you will earn your returns. The
crowdfunding platform will make it very clear as to how and
when your returns will be paid. You will usually gain access to
an online dashboard that you can log in to at any time and see
how your investments are doing. Once you have made your
investment, there is no further time required to be spent on the
business. It is truly passive. You can, however, choose to
reinvest your earnings or put further funds into other projects
in order to build your portfolio.
Benefits of Real Estate Crowdfunding:
Higher returns than other investments
Small initial investment
Lower risk than traditional real estate investing
Easily diversify your portfolio by investing in many
properties’ types
Get to invest in real estate, but without the associated
headache tenants bring
Capital required to start: $500+
Earning potential: Around 12% annual return on average,
based on capital invested
Time spent on business: 0 minutes per day
eTORO COPY TRADING
"If you want to be successful, find someone who has
achieved the results you want and copy what they do
and you'll achieve the same results."
- Tony Robbins
Have you wanted to invest in stocks, shares, or cryptocurrencies but
either lack the knowledge, ability, or motivation to do so on your own
accord? Investing in stocks, shares, and crypto requires a lot of
research, dedication, and hard work. Unless you are already
knowledgeable or have experience within this field, it can seem like a
very confusing place for the everyday person. You have to have the
skills to analyze the performance and numbers of often very large
corporations, try to figure out for yourself how they will perform in
the future, and then invest your hard-earned cash based on your
limited knowledge and research. For a beginner to the world of
stocks and shares, this can seem very daunting and can be extremely
risky, ending up in financial losses and extremely stressful situations.
eToro is a platform that makes it much easier for the everyday
person and experienced investors alike; to invest in stocks, shares,
and cryptocurrencies but with the backing of more knowledgeable
and experienced investors and traders.
What is eToro Copy Trading?
eToro is the pioneer when it comes to this relatively new concept of
Copy Trading, which was born out of Mirror Trading. Copy Trading
empowers you to automatically copy other traders (Popular
Investors) of your choice, replicating their trades in your own
accounts. Putting it plainly, it is a means to trade in the financial
markets by utilizing other traders from around the globe to do the
trading on your behalf.
eToro incorporates a social element into their platform, whereby you
can see exactly what other traders are doing in real-time. You can
communicate with, follow and copy the top-performing traders so
that you can realize the same gains as them. eToro has a patented
copy trading technology; it is a tool that allows you to automatically
copy other successful traders, opening the same positions as them in
real-time. You find successful traders on the platform to copy by
analyzing their trading statistics shown on their profiles, invest some
funds into the account, and then benefit from the gains they make as
you are essentially replicating their trades, benefiting from their
invaluable experience and expertise. With eToro, you are essentially
building a portfolio of successful people. This is the perfect platform
for someone who does not have the time or devotion to learning the
in-depth world of the financial markets. It is worth noting, as with
any investment, that you can realize some fantastic gains, but you
can also realize losses, so it is not without risk.
However, eToro assigns a risk score rating between 1-10 to each
member profile which helps investors assess the level of risk they are
taking. A risk score of 1 is very low, whilst a score of 10 is high. The
risk score is calculated using a unique algorithm developed by eToro
and is based on the trader's past performance and behavior in terms
of their choice of instruments, leverage, percentage of equity
invested, etc. When combining all the data, eToro is able to calculate,
with a high degree of accuracy, the risk a trader brings to your
portfolio.
How do I make money?
eToro lets you, as the copy trader, copy other Popular Investors
(traders). The amount you earn is dependent on the capital you
invest and how much of that capital you allocate to each Popular
Investor. When you copy a Popular Investor, you get a percentage of
the profit that the investor made off the money invested. For
example, if you invested $200 with an investor, and their gain on
their trades was 30%, then you will receive $60 in profit. If you
invested $1000, then your profit would be $300. As per eToro's
statistics shown below, the 50 most copied traders for 2020 on eToro
had an average yearly profit of 83.7%. This equates to a profit of
$837 on only $1000 invested!
Another way to earn money is by becoming a Popular Investor on
eToro, where other members copy your trades. You will, however,
need to have extensive experience or exceptional trade performance
and meet certain criteria set by eToro to become a Popular Investor.
eToro has different levels of Popular Investor structures paying
various amounts and percentages based on the performance of your
trades. This is considered a highly advanced level, but one which you
could advance to at a later stage.
Case Study
Let's take a look at an elite status Popular Investor I follow on eToro
called Harry Stephen Harrison (eToro username: HarryH1993).
Harry originally joined eToro to invest his own money and later
discovered, through being a Popular Investor, that he could earn an
income for others as well as himself. He is based in the U.K. and is
now a full-time Popular Investor. His strategy is focussed mainly on
technology and energy stocks, with a target to hold all investments
for 3 years+. He suggests a copy amount of around $500, but of
course, a higher investment will mean larger returns. He had 16,847
followers and 3,686 copiers at the time of publishing. Looking at
Harry's stats is where it gets really exciting. See the below image; in
2019, he realized a gain of 43.47%, and then in 2020, a massive gain
of 115.89%. If you had invested only $1000 at the start of 2019, then
you would have earned a profit of $434.70 in that year, and in 2020
you would have earned another $1,158.90. Not taking into account
the complexities of the compounding effect in our calculations,
simply put, this equates to a profit of $1593.60 from an initial
$1000 investment, essentially turning your $1000 into $2,593.60
total.
Think about how much you would have earned if investing $5000 or
$10,000!
Steps to immediate passive income with
eToro Copy Trading:
● Create an eToro account
Creating an account is very easy; simply go to eToro.com. Click
'Join Now' and follow the prompts on the screen. There are no
management fees or hidden charges to pay.
● Find top performing traders to copy
Your best bet is to start with the most Popular Investors in the
Editor's Choice section, in the 'Copy People' tab. Highlighted
here will be traders who have shown gains in recent months
and have maintained low-risk scores. Next, you can make use of
the people discovery tool where you can find more traders to
copy. The search results can be easily filtered based on your
preferences on risk score, level of gains, country of origin, and
various other factors. eToro has numerous lists of top
performers to include categories such as 'most copied,’
'trending,' and different strategy types. Click on their profiles to
do your research, read their profiles and posts on their feed,
check on their stats for current and previous periods to see
what level of gains or losses they have made, check their risk
scores to ensure you are matching with a level you are
comfortable with and have a look at their portfolio and their
charts to review performance further. Be mindful that past
performance does not necessarily mean the same performance
will be replicated in the future, but it does recognize the fact
that if they have had continued success in the past, they are
likely to know what they are doing. Some traders will have a
minimum copy amount displayed on their profile; it is
advisable to ensure you match that minimum to achieve the
best results, as you may not achieve the same gains shown in
their statistics if you invest less than their proposed minimum.
Traders also often advise on a timescale in which they
recommend you invest for, in order to maximize gains based on
the specific strategy that trader adopts within their portfolio. In
saying this, though, you can withdraw your funds at any time
you choose; there is no tie-in period. Add the people who
interest you to your watchlist to revise later.
● Time to copy top performers & earn!
Having narrowed down the traders you are interested in
copying, review their stats again from your watchlist and decide
on who you want to copy and what level of initial investment
you want to start at. It may be good to start with 1-3 traders.
You can invest from as little as $200. Deposit funds into your
eToro account to begin copying. Select the trader profile, click
copy, enter the amount you wish to allocate. Ensure 'Copy Open
Trades' is ticked, then click copy. You will be duplicating their
positions in real-time, automatically, and in direct proportion.
Once you have copied a trader, then that is it; you will simply
log in occasionally to see how your portfolio is doing. When you
click on your 'Portfolio’ tab, it will show all the traders you have
copied and will summarize your net position in terms of the
amount of investment allocated, net profit & loss, and total
equity. It is advisable to leave your investment there for a
certain period of time, depending on the trader’s strategy. Once
you are ready to pull out your funds, simply go to the
‘Withdraw Funds’ tab and get paid! Feel free to research more
traders to copy or pull funds out of those who are not
performing as expected.
● CopyPortfolios
We have discussed copying individual traders, but you can also
invest in CopyPortfolios. This is essentially a similar concept as
already discussed, but on a larger scale which requires a larger
minimum investment of at least $5,000. CopyPortfolios are
aimed towards assisting investors in minimizing their long-
term risk, whilst promoting growth opportunities, creating
diversified investments. They are essentially investment
channels that bundle together a collection of financial assets
and are intended for the medium to long-term investment
period, but your funds can be withdrawn at any time you
choose. There are two types of CopyPortfolios:
Top Trader Portfolios - these are made up of the best
performing and most sustainable traders on the eToro
platform.
Market Portfolios - these bundle together CFD stocks,
ETFs, or commodities under one selected market strategy
Benefits of eToro Copy Trading:
Allows you to diversify your portfolio very easily
No experience of financial markets required
No need to spend hours researching markets
Leverage other traders’ expertise and success
Learn from the experts, hone your trading skills
No management fees or other costs involved
Capital required to start: $200+
Earning potential: Dependent on the level of investment.
The 50 most copied traders for 2020 on eToro had an
average yearly profit of 83.7%. This equates to a profit of
$837 on $1000 invested, or $8370 profit on $10,000.
Time spent on business: 5 minutes per day
STEP 3
TAKE ACTION!
“The only impossible journey is the one you never
begin.”
- Tony Robbins
Y ou
are one of the people who have decided to take charge of your
life and earn yourself a substantial passive income, whatever that
target income may be, the fact you purchased this book means you
are already on the path to success.
Now it is time for the grand finale! You have taken the first step and
bought the book, you learned and absorbed a lot of information on
some simple yet effective strategies to get to $10,000+ per month in
passive income, now all that is left is one final step - the most
important step - to take action today! Not tomorrow, not on the
weekend, or next week, but now. There is no time like the present;
just focus on moving forward one step at a time, chipping away at
your goal in bite-sized chunks. Start with one strategy, take it step by
step, and before you know it, you will be on your way to $10,000 per
month in passive income, working no more than 20 hours a week
and getting to enjoy your life more, spending more time with your
loved ones.
It may be daunting, it may be scary, and yes, you may fail at some
aspects of the process. With failure comes valuable education. There
is no success without failure. But even if you do fail to some degree,
ask yourself what will you have lost in doing so?
Money?
Hell no! You will not have lost any money as the strategies I have
taught you do not involve much capital outlay - in fact, most involve
very little to none at all.
Pride?
You will not have lost any pride, as you will have gained a sense of
achievement simply by taking action and making a good attempt at
it. Some of those around you may think you are crazy for trying
something new, something different, which they may not necessarily
understand. But if you are dissatisfied with the status quo and don’t
make a change to what you're doing every day, then you will not see a
change in your desired outcome either. Albert Einstein is widely
credited with saying, “The definition of insanity is doing the same
thing over and over again, but expecting different results.”
Time?
You will not even have lost much time, as the knowledge &
experience you will have gained in simply taking action and learning
about each aspect of the process will be invaluable; you will only
have added to your skillset.
In fact, by taking action today, you are really only setting up to
benefit positively; all you have is to gain. You will gain valuable
knowledge and experience. You will have a better platform off of
which to build yourself and your passive income streams further. All
you have to do is keep at it and never give up until you have
accomplished each one of your goals.
The simple fact of action puts you ahead of 99% of people. Success is
the only outcome of a process that starts from taking action. Without
action, it is impossible to attain success. Taking action every day to
achieve your goals sets you on the path to achieving success.
CONCLUSION
“You don’t have to be great to start, but you do have
to start to be great.”
- Zig Ziglar
hope you have enjoyed the journey of learning how to achieve
I financial freedom through passive income. You now have the basic
tools and strategies, in a step-by-step format, to apply and
implement in your path to success. The key is to identify the
strategies, set your goal of what you want to achieve and how you
intend to get there, setting out a detailed step-by-step action plan,
and then simply following each step diligently. Do not stop until you
achieve your goals; you are perfectly capable of achieving $10,000+
in passive income streams without slaving away for hours every day.
Work smart, not hard. Make use of other people’s time and even
other people’s money if you have to borrow.
The strategies I have taught you in this book are from proven
business models that work in today’s market, which I have used and
had success with, and which can be implemented immediately. There
is no doubt there will be times of hardship and trepidation, but
millions of other successful entrepreneurs around the world have
achieved success in these businesses; the underlying question is
whether or not you take the necessary action today to join them in
their success? If the answer is no, there is only one thing stopping
you - and that is you! So get your head in the game, and get moving
towards $10,000+ in passive income today!
Download your FREE gift from me to you: 110 Passive Income
Ideas at www.jp-clarke.com/bonus
If you enjoyed this book, please take a few seconds to leave an honest
review on Amazon; I would love to hear how the book impacted you,
even if only a few sentences.
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