Hello! Today I will be teaching you how you can easily make money online while sitting at home. Instead of sitting at home watching Netflix or YouTube, we will be learning how to make some passive income with the rest of our time.
Your earnings will be 50-50 with YouTube, and it all depends on the niche and views of your videos. For example, if you get up to thousands and millions of views, you will earn $5 to $7 for every thousand views. So if you multiply that by 100 thousand views, you will get a lot of money quickly.
How do I create a video for YouTube?
- The very first step is to plan the topic: it has to be a topic that a lot of people rather than a few sets of people will be interested in.
- Write the script of the video: what you want and what you don’t want in the video.
- Be confident: you need to be very bold to avoid mistakes in order not to shoot over and over and take too long just to shoot a 10- or 5-minute video
- Collective between 2 editors: an editor who will edit and cut/place the video and all the text in it.
2. Affiliate Marketing
Go to Facebook, paste your affiliate link to your news feed, and if your friends are interested, they might want to buy the product. Once a customer buys the product, a percentage of the sale will be yours.
3. Amazon FBA
This is for sale by Amazon (FBA). In case you are not familiar, Amazon is the largest e-commerce platform. This is because 50 percent of all the e-commerce platforms are on Amazon.
Search for a product through Ali Baba or Ali Express wholesale and have it shipped to the Amazon warehouse.
Amazon takes all the manuals they’ve got from it, packs them, and ships them. All you have to do is list the products on the site and sell them through their site.
You will get little commission from the sales after Amazon takes their commission, and whatever is left is your profit. The general profit margin you can expect is around 10%–30% of the product that you are selling.
Go on to Google and type retail arbitrage Apple app or Android app, download and launch it, go on to your home markets, for example, ‘Walmart’ and start scanning products.
It will compare your local price with the price of other items being sold on Amazon. For example, let’s say a coffee or tea mug costs $3 and people are buying it on Amazon for $7, so you see you have a $4 profit margin. So you buy the product, list it on Amazon, and get it sold.
eBay is just a marketplace like Amazon; you can list items, but instead of people purchasing them directly, you have the opportunity to have them bid over each other. eBay has a function that Amazon doesn’t have, which is verified sales. They look at the product to ensure it’s real for the buyer’s protection and trust.
5. Online Surveys
This is a very simple method, and everyone can do it. We are just sharing our opinions with interesting brands. We have so many junkies for a survey that pays a little, so I am going to introduce you to a site that pays well.
Go to the website and sign up, then log in. They paid $8 per survey; this survey can take you up to 2 to 15 minutes to finish. If you can do this five times an hour, that is $40 per hour.
6. Rental Arbitrage
You don’t need to own a property, but you can still earn a lot of rental income from more than 90% of landlords worldwide.
You can work remotely; you could be anywhere in the world, travel, go skydiving, or dine at school and your properties are still generating rental income for you. So kindly drop your comments below and share this post too.
Source: The BNB University