Made a thread about Entrepreneurship and Passive Income yesterday, was requested to make it a general.
Previous Thread: In this thread I'm going to compile the best passive income streams ordered by investment required, including both online and offline options
Little to no Investment($100-$1k) >Dropshipping >Social Media Marketing >Digital Media or Marketing of any kind >Web Development >Freelance software development >Affiliate Marketing >Making Online Courses
Some Investment Required($1k-10k) >ATMs >POS Systems >Slumlording >Daytrading >P2P Lending >Authoring or Online publishing >Vending Machines >Automated News sites or any kind of automated blog >Automated online Arbitrage with the help of a buybot
Large Investment Required, but still very passive: >Parking Garages or lots >Laundromats >Batting Cages >Rental Properties >Buying Royalty rights on music, media, etc
- ADD MORE IN THE THREAD -
>COURSES FOR YOU TO USE COURSES FOR YOU TO USE >COURSES FOR YOU TO USE
To follow up - I personally do 6 of these and those 6 are my only streams of income. They are: >an ATM business with 10 machines at $3/transaction $200max >Three affiliate sites >A parking lot near my university(extremely high revenue but also my highest expenses) >Digital Media/Marketing Agency which I have people running so I rarely have to be involved >One rental property(barely profitable yet) And the big kicker >subscription based SaaS products, two of them with a third well on the way
Cameron Green
>Three affiliate sites
Any tips on finding a good niche for these? Or any affiliate tips at all? I just started designing one and am looking for any relevant info that could help me. Do you Amazon associates? I'm assuming it's the best because it's so well known but heard commissions aren't great. Does the higher volume associated with Amazon make up for low commissions?
Blake Edwards
>subscription based SaaS products, two of them with a third well on the way I am making one of these, it's in its final stages how do you market them? how do you manage the subscriptions? paypal has a clusterfuck of recurring payments that just sucks balls, paypal just sucks balls in general (I'm unironically considering using REQ as an extra option)
Cameron Price
>how do you market them? Affiliates, people who are already in the niche and make "tutorial" videos on how to use it, whilst plugging their affiliate code >how do you manage the subscriptions? Custom dashboard integrated with stripe >paypal has a clusterfuck of recurring payments that just sucks balls, paypal just sucks balls in general (I'm unironically considering using REQ as an extra option) Stripe is better than paypal in literally every way - lower fees, better customer service, etc
Yes but these make me next to nothing, like maybe $500 a month combined because I'm really not pushing them. There are dozens of good affiliate courses out there, letme see if I can find some
Nolan Stewart
user that shared the courses , do u have steam ?
Dylan Walker
Nope, I don't play vidya. Deleted steam years ago
Julian Fisher
Any book recommendations?
Joshua Kelly
thanks I'd appreciate that. $500 a month isn't terrible considering you aren't active with the sites. I'd take that. I'm not trying to get rich over night but would like to add as many income streams as possible. BTW thanks for the thread
Nolan Bell
The Wealth of Nations Tools for Titans Four Hour Work Week The Anatomy of the State How to Win Friends and Influence People Think and Grow Rich Zero to One The Smartest Guys in the Room dozens of others
Easton Richardson
Some guy asked me about sources to learn more SEM/PPC in regards to bid scripts:
I started here and built on it with what I learned along the way.
Daniel Morales
I like this. So, for digital marketing in short:
Learn R, Python and JavaScript Read about google adsense Keep learning Japanese so I'll be able to live in glorious Nipponone day after I'm done. All of this while I'm wageslaving and studying for my uni. Timeframe: 3 years (hoping the market won't change/crash) Seems likely.
Zachary Mitchell
>Stripe Will look into this thanks bro (not in the US btw, but their Stripe Atlas looks promising)
Joseph Williams
Ah, that makes sense. Stripe was developed in Ireland so it should be EU Compliant
Isaiah Wright
Do I have to pay much attention to build a SaaS? I'm a developer, but I have no idea what kind of software people would pay 10, 20, 150 bucks a month for. This, mixed with a little bit of insecurity.
Jose Jackson
Thank you. I knew of all these methods but the categorising helped my thinking. Here's to the next 100k.
Henry Rogers
yeh man that was me. Thanks, I'm not new to the SEM world, but I could really benefit from self-sufficiency/coding experience in simple things. I gotta get into more other than wagecucking and crypto is slow rn. anyone tryna start a business? this is what im doing minus the weeb fantasy.
Christian Morales
>but I have no idea what kind of software people would pay 10, 20, 150 bucks a month for. The best way that I've found is to just look for something that either already exists and leech off their market, or find a problem that you're personally having and build software to solve it.
Dylan Nelson
Op, may I suggest creating a Jow Forums ENT discord?
Jeremiah Collins
Yeah that would be great - my discord was recently deleted but I need to create a new account
Colton Brown
cool i will join
Henry Allen
There's absolutely nothing wrong in having a goal besides making money. It's what keep me going.
Nathaniel Gutierrez
>considering using REQ
No you're not faggot you're just trying to shill your shitcoin lowkey. Fuck off.
David Lopez
>There's absolutely nothing wrong in having a goal besides making money. True that.
Jacob Price
Sweet. What’s the biz discord link?
Ian Jackson
I'm interested in the discord too
Evan Wood
Not him but I can throw one together
Nicholas Stewart
LARPING PART 2
Mason Anderson
Hi All, I am not doing any of these yet, I only have a dividend growth portfolio for some passive income for later.
I am planning to start some kind of online business which is in a niche I like personally. From the listed online businesses which would be the best for me if I am very good at scripting, scraping webpages automating any task with python / powershell or any other script.
Also Thank You user for the thread.Finally not a "buy my shitcoing bags" thread.
Andrew Kelly
>said the guy on a board dedicated to a Ponzi scheme
>I am planning to start some kind of online business which is in a niche I like personally. From the listed online businesses which would be the best for me if I am very good at scripting, scraping webpages automating any task with python / powershell or any other script. Sounds like a SaaSfag to me
Luis Gonzalez
Tell me if you want any boards added
Julian Morgan
Thank you guys
Julian King
Lol, untill op doesnt provide any proof of anything he has achieved in his imaginary life it shall be treated as larp and it will be. Hurr durpp vending machine, parking lot, atm. Its so funkin obvious..
Sebastian Walker
Seems like an actual thread worth something, go on.
Joshua Brooks
Unfortunately I am not an Idea Guy so I have no idea what kind of SaaS people would need. I am the guy who gets the job done if there is an idea. Also freelancing would not be an option as I do not think anyone would pay as much as the company pays I am working for.
Jayden Johnson
>Docs.google / spreadsheets/d/1GsMDWt0JKzabYJmBECDAt0iANNMTgvMxhw1g9VXvesg/edit?usp=sharing isn't tai lopez a meme
I'm looking for mechanical drawings of industrial food processing equipment(slicers peelers etc) anyone know where I can find these?
Henry Green
this is the old course which is actually quite good. It's more about sales than results though. never give that kike a penny
no idea where you'd find that
Landon Peterson
Passive income = buy some rock solid stocks on eToro and hold the fuck out of them. They give 100$ sign up bonus now temporarily check it out anons thank me later >https:// etoro tw/2KLrUQB
Cooper Sullivan
>untill op doesnt provide any proof of anything he has achieved in his imaginary life it shall be treated as larp and it will be. Well what do you want to know?
Jaxson Smith
OP is a self made millionaire at age 22! Because he is business guru!
He is successful business man! You listen to OP and you be rich too!
Get on board or stay poor
Jayden Miller
pajeet
Adam Bennett
Who cares even if he is larping. The whole outcome of this is an actual business/entrepreneurship thread in the vast see of coin shills.
I need this. We need this.
Anyways.
About your digital marketing agency - how did you start it, how did you find people to essentially run every aspect of it without being involved, how do you find new clients, and, if i remember correctly, you make around $7k/mo?
I've thought about ATM's years ago now, but I figured cash is becoming less and less common as we become more of a cashless society, but still, we obviously still use cash at the moment. Do you hire someone to install the machine, or do you install it yourself?
user, yesterday you mentioned that you made some youtube subnetwork and a media agency or something like that.
Can you explain what did you do, how did you make money and how much it cost to start them?
Joshua Gray
You hate money user?
Luis Murphy
Currently: Art director as day job Blockchain Marketing as side gig
Potential: 60k subs/2million views subreddit to exploit
Ryan Richardson
The Little to no Investment area is not good I can only vouch for Web Dev/Software freelance
Dropshipping is highly competitive since you are competing with other well-known companies and are also competing for traffic and ad spending. You need a lot of time to think through your niche and to develop your website and marketing strategy. You pay monthly for domains, apps, etc. and if you don't have a well, thought out idea you're wasting your money/time unless you have lots of capital to keep testing.
Affiliate Marking / Social Media Marketing will only work if you have a high amount of audience (not 1k, 100k+) and will take lots of time and dedication unless you're not interested. Marketing of any kind needs an audience and those only way to reach audience fast is paying through advertising.
I highly recommend working until you have enough capital to risk with a good plan for your starter business/marketing endeavor. Programming is the only good option because you can become better and demand a higher pay, find more relative ways to make your job more efficient as you work on more individual projects. It will also tie in with your business eventually, when creating your website.
I'd also add for little/no investment to start doing graphics or going on Fiverr and selling any skills you may have. You can also try flipping garage sale items or selling scrap.
Asher Roberts
Have you tried fiverr? How much did you make?
Jackson Powell
Do you think that the China tariffs will impact dropshipping since all the items are imported from there? Short shopify?
Logan Flores
I make around 100-250 a month just removing the watermark off a photo, and this is only 1 gig. Fiverr is not that bad, but you have to stand out from the competition. Deliver quickly, have high ratings, high quality, best price. Earnings will not be consistent unless you provide consistent work or become the best in your gig.
Aaron Butler
but how many hours do you spend on that.
Ayden Lopez
similar situation as OP here
>recieving 180k in investment inheritence >recieving 480k in property sold inheritence (2/4 properties sold that is) >before taxes >this is 7.5%, my bro gets the same >my mom is recieving 41.5 % >accountants are creating a numbered company that will last for a year to evade a good portion of taxes
Two questions, Where do I start with getting my mom to learn finances so she isn't taken advantage of? Where do I start on learning how to do healthy investments to start a business after university?
>mech eng w/ aero student, 2 years down, got a year placement as test engineer on 18k GBP salary
Colton Howard
I live in a 3rd world shithole and make around 1500 dol a month on what's conaidered a well paid job.
I'm sick of office work. I'm good with Photoshop, raw photo editing, video editing and after effects etc. Currently learning web dev.
If I could make 800 a month doing anybof that I'd quit my job
I'm looking into dropshipping and I'm interested in the points you raised since they are fair. What about dropshipping located to countries with little to no competition? I'm EU, currently in Germany but thinking to start the business back in my homeland or Germany. Dropshipping doesn't seem as saturated here.
Levi Gomez
Start with a local wholesale business. Buy from them and resell. Normies will pay. Margins are low tho
Luke King
Would you be able to go into any more detail with the SaaS products? I read through the entirety of the thread from yesterday and really love that you're making these posts. Thank you
Jace Perry
This. This is an actual good thread, which is a erarety in this board
Kayden Lewis
The little to no investment tier is too oversaturated to be profitable anymore unless you are already established. MAYBE web/software dev, but not freelancing. Build an impressive portfolio that will get you hired, but even still, employers prefer degrees nowadays.
Freelance web/software dev is just a race to the bottom, competing with pajeet for $10 per project
Jose Campbell
What other suggestions do you have?
Henry Bennett
Some-large investment tiers
Ethan Cook
Is she black or just tan?
Mason Mitchell
What about a person who wants to make money, is a eageskave with 30k in investment?
Cooper Sanders
Wageslave. Fuck myphone
Brandon Campbell
I feel like dropshipping is over saturated and just stupid I can't believe people fall for these fucking alibaba reseller ads on facebook.
Eli Long
I can work with you if you're interested
Connor Sanchez
Uh >find watermark >content aware >clean up
not much, depending on the file size and how bad the watermarks are spread across, shouldn't take more than 10-15 minutes. Yes it is possible user, just be good at what you do and deliver quickly on Fiverr, also if you sell ask buyer to give 5 star rating.
Dominic Sanchez
google docs link isn't working
Samuel Brooks
Yeah absolutely. Sorry for the reddit spacing but it makes it more readable.
So back in the day(and this was 2014, 2015 and the first half of 2016), youtube revenue was considerably higher than what it is now. For example, RPM was closer to about $3.15 whereas today you may find the average RPM of a networked channel at maybe $1.50.
RPM, of course, stands for Revenue Per Mille, or the money you'll make from every 1000 views. This is different from CPM or clicks per Mille which determines what your RPM will be. The more people click your ad, the more money youtube makes, and in turn the more money the channel makes.
The entire idea of a youtube network is to partner with channels to get them more targeted ads, as well as an "advocate" that "knows the youtube business" and can help you grow your channel while at the same time making you more money. It's supposed to be a win-win for everyone, but in reality it never worked out like that.
Subnetworks were essentially an advertising tool - Larger, top level networks called Multi-Channel Networks or MCNs would contract these "private" or "virtual" networks(called PNs or VNs specifically, the differences are small so I won't go into that) to prospect channels and get as many people signed up as possible. So essentially, what I'd do is add thousands of people on skype who were in my niche(which was gaming, the most profitable at that point) and get them to sign with my subnetwork.
To do this, I would: >add them on skype >send them my copy/paste sales pitch >the average age of these kids was anywhere from 12 to 20, so they had no idea what they were reading except for "more money" >Would promise them "channel growth" and "legal protection" though I had no intention of actually providing it >I would then send them the channel linking contract and form, from which they'd input all their information and blindly sign the 15 page contract that locked them in for 4 years and gave me 40% of their revenue cont
Logan Jones
You'll have it easier with less competition in the EU. It is still the same business. The other point I forgot to mention, you have to deal with annoying ass chinks who either don't fulfill their promises or flat out ignore you. Like said, you have safer bets buying wholesale sets and then opening a business and shipping them yourselves than relying on chinks who can delay shipment, send wrong shipment info, ignore during holidays, etc. but you can still be successful with them if you're willing to put the relationship.
I have chinks who put my store logo on their packaging, but I occasionally get some people complain about defect shipment and where to send the item back. It's a headache.
Nathan Ortiz
cont So essentially in tl;dr - Bigger networks would contract the onboarding process out to kids like me, who would do the dirty work of finding all of these kids to sign up and steal money from, which at the time wasn't an issue because they were making like $100 a month which, for a 13 year old, is a ridiculous amount of money
At it's peak, my network had a total of 7,500 channels with an average subscriber count of something dismal like 450, with only about 10% of which with over 10,000 subscribers. All but the top maybe 50 channels were locked at a 60/40 revenue split.
This business wasn't making anyone filthy rich(except for the MCNs that ran the whole business), however it was one of the most successful businesses I've ever run. It was my first real success and I learned a LOT from bein
Connor Martinez
>I learned a LOT from bein ...I learned a lot from being a part of that world and won myself a LOT of contacts of bigger youtube channels and influencers to this day.
Samuel Williams
>>I learned a LOT from bein Let me finish it for you.
"I learned LOT from being a jew"
Eli Peterson
>I learned a lot from being a jew" >I'm still poor, let me call you a jew
Xavier Sullivan
brainlet
Jeremiah Ortiz
lol what a useless comment. this is why you will be poor forever.
Cooper Walker
>Where do I start with getting my mom to learn finances so she isn't taken advantage of?
bogleheads wiki
Mason Lee
Any thoughts on Market Samurai?
Hunter Lewis
I inherited an advertising agency (mostly classic stuff like newspaper ads, cinema clips, websites for SMEs) and want to transform it into something better, larger, more ambitious and useful. I was thinking about content marketing (from production to multi-channel distribution) around emerging technologies (where I'm originally coming from), perhaps some Memewar (being a Jow Forumstard) sprinkled in between to support Western Civilization's struggle against China. Open to operate in America and Europe. Not afraid of controversial topics. Any suggestions what to do with it? What industries or causes could need determined, loyal outreach support? What are new technologies or media platforms I should try or expand into? Anything else I should consider? (I've 20+ years of business experience, so I don't need basic advice.)
Thanks for the resources and making the thread. Good work on all your businesses. Mind if I ask how you came up with the ideas for the SaaS products and the affiliate sites? I'm uncreative as fuck and have no good ideas so I'm curious how other people came up with theirs. Thanks!
William Butler
>Kylie Jenner Will Be Youngest Self-Made Billionaire >she's worth $900 billion dollars brainlet detected 1. $ and dollars are redundant 2. this isn't britbongistan, billion and million are two different things 3. if she was worth 900 billion she wouldn't have articles written saying she WILL be a billionaire
What are good places to advertise specific products and get a conversion?
If I use adsense I almost break even. If I use Bing.. well, if I use the exact same settings on Bing I get almost no displays and clicks.
Owen Sanders
Obviously you didn't read the article and are just criticizing because you're a retarded little bitch.
Isaiah King
sup bro how are you today? i was hoping i would find a new from you. I've got a pretty decent cash income right now but have no clue about coding and stuff like that, so, any recommendations where i can start to eventually one day live a free life
Robert Thompson
All of that is bullshit.
Try competing with 2nd-world countries for software jobs.
Cameron Jenkins
i like your parking garage idea and i also want to own rental properties (apartments/offices) and eventually buy and sell houses but i only have so much to work with right now you know?
Austin Johnson
how do you find the right chinks and how do u deal with the wrong ones if you already have an order?
Andrew Nelson
Start with ATMs. Work your way up. >buy for $3000(after shipping, installation, setup, internet, etc) >stock with 2k cash >set $3 surcharge and $160 max >put it in a high traffic location, give the property owner 25-35% of the surcharge Boom, then once you've saved enough buy another, and another. Then you'll be able to get a rental property.
Anthony Collins
>Try competing with 2nd-world countries for software jobs. You're thinking of this wrong - those are your workers. Do freelance software development and outsource whatever you don't have time for/aren't experienced enough to do to the Philippines, and then just do QA.
Ryder Williams
>tfw i used to complain about chinks and pajeets undercutting me by 50% and straling contracts from me >then i realized i could just get big contracts and outsource the work to them, all i would need to do is cold-call and market my idea to find clients >and then i also realized that i could also just hire some su human to do all my client fishing for me
Is it.... Is it really this easy?
Matthew Hughes
I was looking into trying out the ATM plan after reading your thread yesterday, and was reading today that I would need to get a contract with an ATM Processing Company as well. The article that I read said that I should look for one that charges $0.10-0.50 per transaction, but all the top results on Google looked kind of skeevy and wouldn't quote a price without contact info. Do you have any experience with this OP? The article said that they're needed to interface with Visa/Mastercard/etc, but I don't know why they don't do that on their own. Any recommendations?
Brandon Taylor
>Is it.... Is it really this easy? No. There are reasons many outsourced IT projects (even smaller ones) fail and businesses bring dev back home.
Nathaniel Miller
These are not future proof businesses, only a quick buck scheme (if you're lucky). In UK almost all ATMs are feeless. Drop-shipping could never work with one month delivery time for some stinky plastic shit that can be found at any hyper/supermarket. Social media 'gurus', 'rockstars', 'unicorns' are actually skilless high-school dropouts spamming the Internet through every possible channel. Affiliate marketing will make you pennies unless you're a certified scammer with millions of impressionable teenagers and young adults, like Tai Lopez and other copycats selling you motivational videos filled with inspirational quotes for brainlets. WebDev & freelancing is the complete opposite of passive, and it requires partnership, otherwise, you'll never finish the job; in fact, you'll probably end up working more hours compared to wage-slaving since you'll have to read for days to stay on top of it. And for those of you who suggested hiring pajeets of Fiverr, I laugh at you. You will never be taken seriously with that level of quality and lack of professionalism. Only amateurs work at such low standards.
Jaxon Thomas
And I forgot to mention: SEO is just good content on your website (and having a modern website overall), everything else is snake oil.
Dominic Morgan
Fuck yeah. Hopefully this is a regular topic.
be me 24 software engineer
Here's some wins:
I made about 15k in 6 months freelancing on UpWork for IT shit and programming
made 1200 bucks selling targeted advertising in Facebook groups I run
combined maybe 200 bucks from affiliate marketing and adsense on stupid websites
once won 800 bucks on roulette (not repeatable or scalable)
current shit I'm trying to do/research:
niche sites/affiliate marketing. i've kinda done this in the past, theres so much bullshit on the internet its hard to research what is good.
continuing to consult on software/cloud infrastructure-- good money but it takes time and sales/marketing skills
growing my facebook groups/building a 'tribe' - I think there could be some value here as a traffic generation source and selling digital products on how to advance your career in IT/Software Dev or how to learn certain technical subjects. Lots of work.
Hopefully some good discourse from you fags in this thread
Isaiah Nelson
Where's the discord?
anytime you can't think of something, you are saying that the world is perfect and ideal. What can be solved with software?
Thomas Wright
Alright then Mr. Genius what do you propose then?
Connor Foster
I'm going to introduce you guys to something no one has ever mentioned on this board. It makes a lot of passive money: