One fantastic thing about a membership site is that it creates that recurring revenue month after month and you don’t have to necessarily do anything additional to maintain it. The range can be anywhere from $5 – $300 per month.
Passive income ideas 2021 for free#
Often times there is content that people can access for free to give them a taste of what is available, but to get additional content or the premium content they need to pay a monthly membership fee.ĭepending on what your membership site is about, what it offers to its members, and how premium the content is you can charge different amounts. For people to access that content they have to subscribe to the website. This is a private site that you regularly add new content to.
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Keep in mind that different channels earn different amounts, depending on their niches.įor some perspective, my YouTube channel gets about 500,000 views a month, which generates about $4,000. If someone clicks on the ads, then the YouTube creator gets half of the money that the business paid to run the ad. These are the ads that you see playing before a video, the ads in the column on the right-hand side, or below the video. Once you create a YouTube channel, you can allow YouTube to run ads on your videos. 9 Passive Income Ideas that earn $1000+ a month 1. If you happen to be new to passive income and want to learn more about how it works, make sure to watch my video Passive Income 101where I break it all down.
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The different ideas I’m going to share with you will help you do exactly that!
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I think it’s so important that we learn how to work smarter, not harder - and that we also figure out how to earn more while working less. As an entrepreneur and educator, I’m very passionate about creating and teaching others about passive income.