Hey guys. I have two main goals with this video (technically an article, but check out the video too!). The first one is to educate and motivate you to learn how to make money online. The second is to beat Improvement Pills video on the same topic. Hopefully, by accomplishing the first goal, by educating and motivating you, and adding immense value throughout this video, it will lead me to my second goal. For some reason, I’m really competitive.
The first half of this video will be about active income. Active income is basically exchanging your own time for money. The last half of this video will be about passive income online, which basically means that it requires a little bit of initial startup time, and resources, but very, very little upkeep, once you’ve set it up. And at the very end of this, I’m gonna give you my three recommendations for a beginner, what I would have told myself a long time ago, if I was starting to try to earn money online. Feel free to sit back and learn. You can even minimize this video if you like. Anyways, here we go.
If you’ve never heard of Amazon MTurk before, what it stands for is Amazon Mechanical Turk. It’s basically a marketplace hosted by Amazon, to do things that robots can’t do, that they have to have humans to do. They outsource it to you guys. They outsource it to people with extra time, who wanna earn a little extra money.
There are all kinds of tasks on this website. Anywhere from searching data, to data entry, to transcribing, which transcribing means watching and listening to a video, or audio file, and then typing it. You can actually make 15 to 30 dollars an hour, if you know how to do this correctly. If you know more than one language, you can actually make money on this website by translating stuff.
Now, I’ve personally done this and I earned around 40 to 50 dollars. I didn’t put much work into it. My friend, he worked a full time job and he actually did this on the side. He did it for a couple months, and actually earned more than … I think it was like 350 dollars each month. So, they are real. They do pay out. You just have to put the time into it.
Retail Arbitrage: Ebay + Craigslist + Dollar Store
Another way to money online is by eBay. You can combine eBay, Craigslist … You can even go to the dollar store, Facebook marketplace, and basically what you do is, you become an entrepreneur buying low and selling high. You know, you go to your local dollar store and you find this little trinket, “Oh that looks cool. I wonder what it costs on eBay.” You look it up on eBay, and you can sell it for 20 more dollars. Maybe it’s a super soaker water gun. You buy it at the dollar store for three dollars. You sell it on eBay for 23. Boom. 20 dollars right there. It probably doesn’t even take you an hour worth of your time. Anyway, so there are all kinds of marketplaces out there. If you learn how to leverage them, what sells best where? You can make a ton of money flipping stuff.
Number three is surveys. Now, surveys are kind of a pain in the butt, especially because you start getting some spam in the mail, but you can make a ton of money on this. There’s places out there, like Swag Bucks, which I’ll talk about later. Inbox Dollars, My points. There’s all kinds of places you sign up to, you take daily surveys, and you make money. Now, it’s not gonna be a substantial amount, like thousands of dollars a month, but if you have a grocery bill, or rent, or some other type of expense that you need to get taken care of that month, and you have some extra time, it’s a great way to fill that gap.
SwagBucks: Earn money from Searching
Now, onto Swag bucks. Swag bucks is pretty cool, because you can literally get paid by searching stuff. I did this probably a couple years ago, and I’ve been doing it every now and then, in my free time … You can earn a lot of extra money doing this. Basically, instead of going to Google, you use Swag bucks custom search engine, which you can set it to Google. You search stuff like, how to tie a tie, and then every once in a while, they’ll give you a reward for using their search engines. Now, there are tons of other ways to earn money on Swag bucks. You can actually shop. If you’re gonna shop on Amazon, and you shop through them, they will actually pay you a percentage of money, for doing that. You can watch videos that they have, basically like watching advertisements, other companies. You can play games, enter surveys. There’s all kinds of ways to make money on this, and they do pay. I have been paid by this company. Usually they just pay you by gift cards, which isn’t that bad.
After Swag bucks, is Instagram Shoutouts. Now, Instagram Shoutouts is really cool, but it does take a little bit of time to build up. You have to have an initial following. Now, it’s really cool, because initially if you want to get a whole bunch of followers, you can go through, follow 100 people and then unfollow that 100 people, and you’ll usually have a net gain of like, 10 to 50 new followers. If you do that over time, maybe 1000 times in one month, or a couple months, eventually you’ll start to gain followers, and if you need to you can actually buy them.
After you have that initial following, you can actually sell Shoutouts. If you haven’t followed me on Instagram yet, follow me @practical_pysch. There’s some awesome updates on there that I can’t share on YouTube, that I share on my Instagram. Anyways, when I get up to around 200,000, maybe even half a million, I can start asking people to pay me, so that I can shout them out. I have a friend who does this. He has around two million Instagram followers. You might think, “Holy Moley. That’s a lot of followers to get. I don’t think I can ever do that.” Well, he said the same thing around two years ago. Now he makes around five to 6,000 dollars a month, just by doing Shoutouts. He’s easily made his money back
The next way to make money online, is by freelance jobs. Now, one of the best marketplaces for freelance work, is Upwork. This is actually what I use for all kinds of other stuff. If you’re a video editor, if you’re a graphic designer, even if you just wanna like, literally play a video game, or test a website, people will pay you to do this. Also, if you’re ever in need of a virtual assistant, Upwork is a great place to go. Personally, I use Upwork to hire occasional article writers, video editors, and even to do some graphic design work that I don’t feel comfortable doing myself. You can sign up to Upwork as a freelancer, which means, when someone posts a job, you can do it. Boom. There’s 60 bucks in your pocket for designing a background, or boom, there’s a 100 dollars in your pocket for editing a six minute video.
Fiverr and Seoclerks
Now, another usually cheaper marketplace is Fiverr. Now Fiverr’s really cool, because there’s a lot more people that do it, usually because the stuff is cheaper. You can make money by selling your services. You can do SEO work. You can do video editing, graphic design, even website feedback if you’re comfortable doing that. You can sell your own services. There’s another way to make money with Fiverr that not very many people know about. If they do know about it, they’re usually raking in a ton of cash. That is, to buy services from Fiverr, for five dollars, 10 dollars, and then sell them to business, who don’t know how to get the same services that cheap, for maybe 100 dollars, 200 dollars. I’ve literally seen some guy go to a company, say, “Hey. I’ll make you a logo for 500 dollars.” Then he takes that and he goes and pays Fiverr 10 dollars. He gets a great logo, and he just made over 400 dollars profit, for a weekends worth of work. It’s crazy. Once you learn how to do this, you can scale it and make all kinds of money.
How to make passive income online
Now, let’s talk a little bit about passive income. Now, if you don’t anything about passive income, I highly encourage you to buy my eBook, in the link below. It’s called, Passive Income Tutorial. It goes through all kinds of mistakes that I’ve made in the past, and what I’ve done in the past that has made me successful. In fact, one month I actually earned 15,000 dollars. A couple months later I actually didn’t do any work for a solid month. I literally read books all month. I didn’t do anything online and I earned 4,000 dollars.
If you watch all the way through this video, there will be a video on the end screen showing that proof. The reason I did that, was as a testimonial to say, “I know how to make passive income online. You can buy this eBook, if you wanna learn how.” There are a ton of people out there, who say they can make money online, but the only way that they make money online, is buy selling other people the dream that they can make money online too. I have actually done that by building a business, by gaining an audience and selling them stuff.
Selling Digital Photos
Anyways, the first way you can make passive income online is by selling photos. There are all kinds of websites out there that will pay you a percentage of how much money they earn from selling your photo. Stuff like Smug mug, Pro, Shutter stock, iStock photo. If you’ve ever tried to buy a photo, you’ll realize, “Wow, that was 100 dollars for one photo.” Well, that’s because Shutter stock pays a percentage of that money to the person that took that photo. You can do the same. You can take one photo, and then sell it on Shutter stock, and who knows, someone might buy that every day, and you’ll get 50 bucks. That’s 50 bucks a day, that you don’t have to do anymore work. That’s the glory of passive income.
The second way that I’ve learned to make passive income online, is through ClickBank. Now, ClickBank is a marketplace basically of other people’s products. The cool thing about this is, is that you get a sell someone else’s product. It’s basically affiliate marketing. I’ll talk a little bit about that in the future. On ClickBank personally there are only two products that I highly encourage someone to buy, because I have bought them before, and they’re super easy to sell. The first one is K Money Mastery, and the second is Video Breakthrough Academy. Video Breakthrough Academy was actually created by one of my You Tuber friends.
Anyways, what you do is, you make a whole bunch of content, and then you lead people to your affiliate link. Whenever someone clicks on that affiliate link, you get a percentage of the sale. For example, Video Breakthrough Academy … Every time I sell one of those, I get half of whatever someone pays for the product. If they pay 300 dollars for that, I will earn 150 dollars. Some people make over 60,000, 80,000. There are even some people who earn over half a million dollars online, through selling other people’s product.
The third coolest way to make passive income online is through Amazon Affiliates. Now, the way Amazon Affiliates work, is that you put a link in your description of your YouTube channel, or your blog, or some other website that you have, and what happens is, whenever someone clicks on that link, boom. They get a cookie on their browser, which means any product they buy on Amazon for the next 24 hours, you get a percentage of. One example of this is that, on my YouTube channel, I sell books. I create book reviews, and then I sell books in the affiliate link in the description.
Someone actually clicked on one of those links, and then went and bought a 1,000 dollar camera. Now, I personally did not sell that 1,000 dollar camera, but what happened was, Amazon wanted to reward me for directing the person to Amazon. They actually gave me 50 bucks for that sale. I wasn’t even selling a camera. That was something that is really cool that a lot of people can do. Usually, the more clicks you can get on your Amazon affiliate links, the more money you will earn, even if it’s not selling your product.
Now, one guy I know, who has earned a ton on this, and has all kinds of experience, his name is Luqman Khan. He has a website that literally sells just wireless routers. He has documented that he has earned over 40,000 dollars in one month, from Amazon affiliate earnings. Now, I mentioned earlier that I actually have an eBook. That’s a whole nother (Yeah that’s a word now) way that you can make passive income, is by selling Kindle eBooks. Now, Kindle eBooks are really easy to create. Some people think that it’s just really hard to make ’em, so they don’t get into them. I bought and went through the K Money Master course, which I’ll link in the description below, and it teaches you how to create a Kindle eBook, how to market your Kindle eBook, how to do little tips and tricks on the Kindle store, so that it does well in selling. I did that before I created my Passive Income Tutorial eBook. It did amazingly well. I’ve earned like six, or 700 dollars in the first couple months.
The trick with making money on Kindle is not that you have one book that makes you a 1,000 dollars a month. It’s having 100 books, that makes you a dollar a day. That adds up, and over time your investments start to return on themselves, and you have 100 eBooks, maybe making between one and two sales a day, earning you 100 to 200 dollars a day, and that adds up over time.
If you’re interested in that, I highly recommend going and checking out K Money Mastery. You can do something that Improvement Pill recommended, which is to buy the product, and then go through the course, learn everything and then if you need to, for some reason, you need that money back, you can ask for a refund, because there is a 30 day refund on that product. You can get that money back, and then you can start creating your Kindle courses, and then when you start earning your money back, you know, it’s a respect thing. It’s a moral thing. You should buy the product again, so the guy gets his money.
Selling Digital Files
The next way to make passive income online is by selling digital files. Now, one of the best sites that I’ve found to do this, is Sellfy.com. Usually, they take a commission of whatever you sell. It’s two to five percent I think. You can create a small, little course, or you can have website templates, or you can have your own word press themes, and sell it on this website, drive traffic to that, and then eventually you’ll make money.
Selling Online Courses
Another way to make money by selling stuff, is signing up for Udemy, and teaching a course. I’ve heard by some specific people that Udemy kind of sucks, because they’ll gyp you out of money, because they’ll take your 300 dollar course, and then put it on sale for 10 dollars, so that they can get more users on their website. That’s kind of black hat, kind of ripping off creators. What I recommend doing is going to teachable.com. Teachable, for me personally, I think it’s way better that Udemy. It’s actually what I’m going to be making my own personal courses on. I’m almost finished with a habit course, and I’m working on some ideas on social skills, money management, and the psychology of your thought, those course.
If for some reason, you’re interested in those course, and you want a coupon on them, whenever they come out, I guarantee you, you will have a coupon, you will get a better price than everyone else, if you go to practicalpie.com and put your little email in that newsletter thing. Whenever I launch that course, I will launch it with a coupon code, so that you’ll get it at cheaper version.
Start a Membership Website
So, onto a membership website. This is essentially what I was going to do with practicalpie. I was gonna say, “All right everyone. 30 dollars a month. You get signed up through my membership site. You’ll get all kinds of information that I’ve learned, I’ve regurgitated from books, everything I’ve learned from business, psychology, relationships.” Those kinds of membership sites take a lot of upkeep and I didn’t want to do that on my own, so I outsourced it to teachable. Whenever I launch my course, that’s what I’m going to use, is Teachable, instead of my own membership website, so that I don’t have to deal with the coding and the back end stuff.
Earn Money with a Youtube Channel
The last way that I’m going to mention how you can make money online is by building a YouTube channel. Now, when you build a YouTube channel, you can make a lot of money with ad revenue, but it takes a ton of views. You can actually make way more money, if you sell stuff in the description. You might get 10,000 views, and that might earn you 20 dollars, but if you get 10,000 views and 10 percent of those people buy a 300 dollar course of yours, that’s gonna earn way more money than the video ever will. When you build a YouTube channel, you have got to be passionate. I cannot stress this enough, because there are tons of people, who get into YouTube, and will make a couple videos, and then fall out, because they’re not passionate about it. Then they just give up.
For me, I wanna tell you guys personally, it took 98 videos for my channel to hit that big golden star, and to go boom. YouTube likes this channel, It’s gonna start promoting it. One of my videos got into recommended I learned. After creating 98 videos, I got really good at how to create titles, how to make your thumbnails, and how to make sure that the viewer was engaged. Learned how to do all that through 98 videos.
Now, for some reason, if you want to skip making 97 videos, and you wanna have all of that experience on your own, you can actually go and check out the Video Breakthrough Academy. It’s actually created by one of my friends. I’ve went through the course, and I was like, “Man. I wish I could have learned this stuff back when I was starting my YouTube channel, so that I didn’t have to learn it all myself.” Actually, going through his course, I learned even more, and it was really helpful.
If for some reason you guys want to check that out, I’ll put a link to that in the description below. It’s called, Video breakthrough Academy. There is some amazing value in there. He goes over how to make more money on YouTube videos. He goes over how to do collaborations correctly. He goes over, how to record a video, how to script the video, a whole bunch of little tips, and tricks for engagement. Anyways, that is one of the best tools that I would suggest, so that you can learn how to make money online quicker.
So, we’ve went over about eight active income tips, which is MTurks, eBay, Surveys, Swag bucks, Instagram Shoutouts, freelance work, freelance work on Fiverr, and then actually selling Fiverr products to higher businesses. And then we also went over eight passive income strategies. And that is, to sell photos online, utilize ClickBank and affiliate sales, Amazon affiliate sales, selling Kindle eBooks, selling digital files on Sellphi, using Udemy, or Teachable to create an online course, creating your own membership website, and building a YouTube channel.
My Recommendations to earn money online
Now, I’m going to give you my three recommendations for any beginners, who want to learn to make money online. The first is, to buy the K Money Mastery program. Ask for a refund, and then buy it again later, after you’ve made your money back. You can learn as much as you want, but premium stuff will always contain value. Sometimes, just paying that initial cost of buying the K Money Mastery program, will motivate you to work harder, and become successful, so that you can actually earn your money back. It’s a great course. That would be my first recommendation for a beginner, who wanted to learn to make money online. As its been said in the past, you gotta spend money to make money. This course really doesn’t cost that much, for how much you’re going to be getting out of it.
My second recommendation is to sign up for Fiverr. Offer whatever skills you have. Now, there are a ton of tutorials on this. If, for some reason you don’t have a skill, you can start watching YouTube videos. Learn Photoshop. Learn after effects. Learn how to code a website. Learn how to create a beautiful user interface. Whatever you can do to offer the world value. Then, sell that value on Fiverr. You make most of your money on Fiverr, not by selling a five dollar product, but by the upsells, selling more expensive upgrades.
My last recommendation for beginners is to buy my eBook in the link below. Now, of course I will be earning money on this, but hopefully I’ve added enough value in the eBook that you will earn way more money back. The first third of the eBook, is actually going through my mistakes, and what kind of mistakes you guys can skip in the future, so that you can make money online quicker. Basically it’ll help you jumpstart your online income career, if that’s what you wanna do. If you think this video has given you any value, just go ahead and buy the eBook, and you’ll be completely blown away. Like I said earlier, there was one month where I literally did nothing, but read books, but I still earned around 4,000 dollars that month. I did that to prove that I could earn passive income. I hope you guys enjoyed this video. I hope you got insane value out of it. If you did, share this video with your friends. Click the like button, and subscribe if you want more.