How I Built 5 Passive Income Streams That Earn $63,869/Mo
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- čas přidán 21. 07. 2024
- How I Built 5 Passive Income Streams That Earn $63,869/Mo
Full Print On Demand Tutorial: • Full Print On-Demand T...
Unlock 10 Best-Selling T-Shirt Designs for Just $10: greggottfried.com/tshirt-best...
Affiliate Marketing Course (With Free Preview): greggottfried.thinkific.com/c...
In this video I share the 5 passive income streams I built that generate up to $160,000 per month in profit! I spent several years trying out the popular passive income ideas, and figured out which passive income ideas actually worked. This video reveals the findings and gives a quick overview of each of the 5 passive income ideas. Enjoy!
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Tools And Resources 🛠
Affiliate Marketing Course (With Free Preview)
🎓 greggottfried.thinkific.com/c...
Full Print On-Demand Tutorial
🎓 • Full Print On-Demand T...
My Favorite T-Shirt Design Tool
🎓 • Full Print On-Demand T... [How To]
🎁 bit.ly/Placeit-Save-15 [15% Off]
My Favorite T-Shirt Niche Research Tool
🎓 • How to Find Low Compet... [How To]
🎁 bit.ly/merch-informer [20% Coupon: Greg20]
Placeit Tutorials
💻 • Placeit Tutorials
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*This video is not to be construed as investment advice, everything shared is my opinion. Some of the links above include affiliate links. I'm part of an affiliate network and I receive compensation from partner websites at no extra cost to you. This video is accurate as of the posting date but may not be accurate in the future.
Hope this video is helpful! Stay tuned, next week's video is a BIG one! Here are some helpful resources:
Full Print On-Demand Tutorial: czcams.com/video/oWh4PP68RsE/video.html
Free Online Business Training: bit.ly/free7wayscourse
How many courses do you reccomend we make to truly see results for udemy? Or is it similar to affiliate marketing where we make a blog and forget about it continue to make more that type of grind? 🤔
@@xxshadowhunter5149 Exactly right with the latter. My first course made about $500 in the first month, then has continued to make consistent income to date. I don't think that's typical, but as soon as you get the courses uploaded it starts earning income quickly.
Uncle Greg please teach me how to make the type of money you have
Uncle Greg those banks you mentioned can someone from Nigeria save in those banks
1. High Yield Online Savings Account
2. Print On Demand(T-shirt)
3. Affiliate Marketing
4. Online Course
5. CZcams Channel
Creating a CZcams Channel is hard work and it is hard to get followers. Not really very passive. Same with Affiliate Marketing. Dreamfire52 and index funds are the only true passive income programs I have ever had success with.
Legend
Really lovely to see your untouched income proofs during 2020 and 2021, it’s really motivating! Thanks for sharing your results and knowledge with the world Greg!
Thanks man, hope all is well! Glad to hear it was helpful to share those numbers 🙌
People want step-by-step instructions to follow, not just statements. 😅
I appreciate your video!
Agreed! Check out my channel for the step-by-step stuff. I made the print on demand course free on youtube instead of paid, here's that one: czcams.com/video/oWh4PP68RsE/video.html And a bunch more smaller ones on the channel too. More step-by-step tutorials coming starting next week 🙌
Greg, my brother, always incredible to see your videos, keep them coming!
Same to you brother! Hope you’re doing well 🤘
I never comment on these type of vids but Thanks Greg you seem genuine
I appreciate that 🙌
Hi Greg, thank you for this video. Your honesty and generosity in sharing your info is really appreciated, you are one of the few very genuine you tubers. If I could ask you which income stream nets you the greatest profit? Thanks again🙂
Thanks, I appreciate that. Recently it’s become affiliate marketing. I’ve expanded it into multiple sites and multiple channels so that has taken the lead overall. So much so actually that I’ll start talking about it on the channel more, starting next Sunday 😎
Thank you. I am learning and I am being advice too.
Thank you 🙏
Hi Greg! So the affiliate marketing businesses you have found success in are more text based articles or more video format?
Great question! I've done them both for a few years now, video based has been taking off like crazy lately. More on that here: czcams.com/video/cvGMQ_ZElSY/video.html
That’s awesome man congrats! New to your channel but really interested in the print on demand
Also how long did it take you to get to that income? 😮
Thanks and welcome aboard! Print on demand and affiliate marketing are the 2 business models I can vouch for. It took a few years to get to these numbers. I’d have to look back but I think it went from like $20k/yr to $140k/yr to $250k/yr to this level. Hope that helps!
You look younger now than in older videos😂 launched my first batch of pod tees. Getting familiar with platforms. D😎🇺🇸🤙
I'd be happy if it worked that way 😂 Right on, nice work. Here if you run into questions!
To greg and all those who relate:
I'm very close to quitting POD. However I do feel like I have hit an upward slope on a trend line and I just need to pedal a little harder and stronger to make my 1st sales. I do have to experiment with more things too, so that's keeping me from quitting completely.
I have 81 designs on 2 platforms. I have done 3 niches. And I think my 3rd one is the best one as per merch informer.
My 3rd niche has 16 designs so far
(Increasing per week)
How long will it take to actually make a sale in this scenario?
Given that my design & upload speed is 3 designs per week
I just wonder how much AI has flooded the market.
First off, congrats on your work so far it sounds like you’re ahead of most people already. The beginning is for sure the hardest part.. I’d say the average is 30-60 days after starting uploading to get your first sales. I hope that helps you stay motivated!
@@GregGottfried thankyou greg🥰. Assurity from you Is Always the best
Hi Greg, you truly are a giving person. I appreciate all the information and time and effort you put in to help people. You are honest and humble, a rarity on line. For that I thank you. My question to you is I am in Australia and was wondering can I do POD on Amazon Merch on Demand in the U.S or do I have to use Amazon in Australia? Thank you again, and I wish you all the success. 😊
@@bronleamey5795you can do it for US. However, Amazon Merch works way different than the other POD platforms out there. One can only list products on Amazon when they've allowed you to.
This was the video I was waiting for. Inflation has made things so difficult for me & my family. Thank you for your content
Thanks James, glad it was helpful. Also, I just finished up the really helpful one we chatted about recently, it will be out this coming Sunday 😀
@GregGottfried Thanks mate. I'm the type of person who will research everything before I get started. Videos like these are super helpful & I love how transparent you are.
I recently took a 6 figure a year job and it's the most I've earned in my life, but I've never been poorer.
I need something like this that I can work on an hour or two before bed each night. As I'm a father of a toddler & work full time. That's my only time I'd get to do this.
Just wanted to say thanks again. Sincerely, one appreciative Aussie dad
I'm Brazilian Greg Gottfried thank you very much for sharing all this knowledge of yours for free here on CZcams I would really like to buy your print course on Demand how do I buy it I've searched everywhere I can't find it? 🇧🇷
Right on! I made the course free here on youtube instead: czcams.com/video/oWh4PP68RsE/video.html Hope that helps, enjoy!
@@GregGottfried Thank you very much, you should disclose your social networks more to us, your subscribers
Thanks for sharing these methods, Greg! With Udemy and Skillshare, though, aren't you required to answer all of the questions of the students who enroll in your courses? If so, doesn't that become really time consuming?
Thanks and great question! Yes, that's true especially in the beginning for the first students but the answers are public so others afterwards can see the answers to those questions without having to ask it again. After a while it seems to be self-sufficient. That brings up a good pointer though, to cover every little question you could think of in the course videos so it answers most of the FAQ's people might ask.
@@GregGottfried Thanks for the very helpful reply and the great pointers!
63G A MONTH? i'm doing well, but NOT THAT well, YET! but, then i'm STILL in the BUILDING stage. and, honestly, i'm grateful to earn that amount in a year ON MY OWN, OUTSIDE OF THE WORKFORCE!!! however, i'm certainly NOT opposed to earning 63G or more A MONTH!!!! DEFINITELY gonna try some of your suggestions!!!! thanks GG!
You got this! Once things get building they start to compound really fast in these business models 🤘
Are the online courses all videos or can you write a course and sell the content that way?
I believe both of those sites are video based only (with text resource documents that you can attach to lessons). It think you could make a text only course and sell it yourself on thinkific or teachable but you’d have to do your own marketing.
Thank you for this video sir..
No worries! Thanks for the comment 🙌
Do you have links for any of the higher interest savings accounts you mention?
Ally.com Wealthfront.com and Betterment.com I don't personally have any referral links that give you any added benefits but I think they each have referral links with benefits to signing up that way. Check out a quick google search to see if you can find someone else's referral links, that may help give you added interest or similar!
@@GregGottfried Thanks!
Can you define what passive income means?
Put in work upfront then make continued money long term without doing any more work.
Greg I've been following you for probably 3 or 4 years and I am so saddened that I have not implemented any of your ideas because by this time I probably would be earning a living with passive income. I quit my day job July 7, 2023 and I need to start bringing in income. Realistically if I did all your business and followed then to a T how long will it take to reach $5,000 per month and $10,000 per month
Thanks for following for so long, and no worries we can still get you there in a hurry. POD is still solid if you are finding the low competition niches. A little harder but if you’re good with doing affiliate marketing instead, I think I can get you to that amount pretty quickly. Can’t make “guarantee” statements but I’d say within 1 year would be my expectation. I’ll have a video coming out with that blueprint coming this Sunday!
@@GregGottfried Thanks Greg. You have always been a stand up and honest guy. I did watch your full course on POD and ready to implement. And I know things happen for a reason. Yesterday I was researching places I can park my money temporarily, still be liquid but earn way more than the banks and then your video popped up today. Lol so I'll be using one those suggested financial instructions. I am familiar with Udeny. I purchased several courses on there but always wanted to create me own. I'll need help there. I have always wanted to make money with a CZcams channel so definitely need help there and finally the affiliate income I'll need guidance
Hi Greg, I have analysis paralysis. I'm looking to earn 500.00 per month to prove to myself it's doable. Which video should I watch first ?
We're the same :) What do you plan to start with?
I totally understand, I was the same getting started! Print on demand is very easy to get started and get income flowing, so that's a good recommendation, this is the video for that czcams.com/video/oWh4PP68RsE/video.html The other business that can get you to $500/mo very quickly is affiliate marketing. Next week is a video about that and it has everything you need to start making money quickly in that business. Hope that helps!
Cool stuff
What do you think about POD mugs?
Great question. I've sold many of them but they still don't compare to t-shirt sales. Most mug sales have been novelty designs and I imagine sold as gifts if that helps your design ideas for them.
thank you. @@GregGottfried
Thank you for your videos they really help. Don't you have to answer questions from your courses? That is not passive.
Thanks and great question! Yes, that's true especially in the beginning for the first students but the answers are public so others afterwards can see the answers to those questions without having to ask it again. After a while it seems to be self-sufficient. That brings up a good pointer though, to cover every little question you could think of in the course videos so it answers most of the FAQ's people might ask.
@@GregGottfried You're the best, thank you so much, I'm starting POD and your videos really guide me and help me to trust the process.
I can't give you a sure fire formula for success, but I can give you a formula for failure: try to please everyone all the time. 😎
The high yield savings account is so miniscule for the average person that I would've just taken this off the list. The rest are good though.
I see your point. Wanted to include it so it’s known for once the others start making good money. Turns into a pretty large passive income stream in time.
@@GregGottfried
That’s what I was thinking. It may seem small at first but it will grow. Also, I like how you explained it all in the order of how you actually did it yourself. I think that is very helpful to a lot of people. Thank you for sharing this
❤Im making 150.00 yr. in interest from T Mobile Money
Love from india 🇮🇳❤❤
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Isnt the Tshirt business over saturated ?
The big general niches are, but there are 10,000+ niches still unsaturated. Here's more on that if you're interested: czcams.com/video/3W_Uv3RhDd8/video.html
@@GregGottfried Thanks
✔️
Thank you! If you run into any questions just let me know 👍
youtube is not passive income, if you don't keep posting they won't keep pushing your videos
They do actually, I wish I could show you proof on my account but they push them even years later
This video seems a little long 🤔
You make searchable videos. They have a long shelf life when done right.
🤗🤩🤩🤩
🙌
Hhyu
hey greg, doy ou have an instagram?
No sorry I don't have any socials besides YT