I guess some of you are in the passive income business. How you do it?
What's the best way to do it?
I'm 20 y/o and I have pretty much a normal life but I don't want to become a wage cuck.
I tried crypto last summer and made 10k by following the memes (ReddCoin, Verge, Xtrabytes, DGB) but I spent literally everything for vaca in the Netherlands. Good time tho.
Still, the crypto business is too unpredictable to invest serious amounts of money and I honestly don't know what is going on in the crypto market. How is a fucking meme coin worth $350M? The only cryptos to invest imo are BTC,ETH and Monero - nothing else.
I have ~300€/month for investment purposes and I thought of getting into affiliate marketing via a wordpress blog or webshop.
It sure takes time but build a good site and the obstacles of learning SEO, getting the first people to your website etc. are everything but easy but in the end you can become one of those who make those "How I make $200 a day" videos. Even more if you spend more time.
Building passive income
The only good thead on Jow Forums and no replies.
You're right about crypto. It's too volitale and the popularity has dropped so you can't track it anymore.
SEO is good, but you'd be better running random mom and pop shops Google ad words for a business if you wanted to make money on "ads". There's too many people in the game. Unless you know a niche
I think finding a niche is time consuming, but easy.
Select a product category such as hunting rifles.
Check for "best hunting rifles" on Google and see if the sites are well designed, how many there are and if they are using affiliate links.
Depeneding on these criterias you build your own blog/webshop. After a while you can "feel" if a niche is too competitive is what more experienced affiliates say.
> but you'd be better running random mom and pop shops Google ad words for a business
I have 0 clue how they work because I never click on them and to be honest, if they are that dumb to get scammed on these sites, they are most likely disabled somehow or REALLY desperate and don't derserve to be scammed.
Buy real estate in the midwest.
>I guess some of you are in the passive income business. How you do it?
Just start. I started an Amazon business with $500. In the first year I approximated that I made $6/h on it, meanwhile I was getting $40/h as a developer. Nevertheless it was money decoupled from my primary job, that keeps growing over time. The passive businesses of today had their foundations laid 5-10 years ago, apart from striking gold in an obscure niche, there is no easy passive money.
>I guess some of you are in the passive income business. How you do it?
By not spending 10k on vacations, reinvest the money for regular income for day to day living expenses.
Invest in reits stocks
>but I spent literally everything for vaca in the Netherlands.
Everything into SPYD and UPRO.
>the netherlands
wew lad