Find Out About 8 High Yield Passive Income Streams Earning $2,000 Daily

Now, with each of these passive income ideas, I'd like to highlight three different things. The first thing is the amount of initial effort required to start earning passive income with the idea. The second thing is the level of consistency in earning $100 or more per month with it. And finally, the sustainability of the passive income stream once you've started it. I don't get any hate in the comments, yes, I did get this idea from Ali Abdul, but this is my personal take on the subject.

The first thing you have to know is that all of these passive income ideas will have varying degrees of difficulty and the potential earnings from them. Now, for starters, the first thing I'd like to establish is what exactly do I mean by passive income? Because, regardless of what some people on the internet will have you believe, passive income is actually a real thing. It is 100% possible to go to sleep at night and still continue making money, even without actively working.

And that's essentially what passive income is, right? It's the ability to generate income passively without having to trade your time. Let me tell you a really quick story. When I was younger, I used to go camping with my grandpa almost every other weekend. And this campground that we would go to had a small 18-hole golf course. And I remember, once I turned 13, my grandpa would let me use his clubs to go golfing by myself.

Now, here's the thing, I am not a golfer, not even close. But I would take his clubs and I would go golfing. And pretty much all the people on the golf course were much older than me, much wiser, and much wealthier. In fact, I was literally the only kid ever on the golf course.

And so one day, I was golfing and I had my driver club ready to tee off. And all of a sudden, this small group of about six golfers pulls up in their golf carts behind me. And at this point, just to be honest with you, I was nervous and embarrassed because I am not a professional golfer. My swing probably looked terrible, and these experienced golfers behind me were going to laugh at me once they see my horrible swing.

And so, I got ready, 13-year-old Kingsley, you know, I was sitting there trying to act like I know what I was doing. And I'm looking down the fairway to pretend like I'm looking at the green to see where I should hit the ball, and then this group behind me is completely silent. And so, I know they're watching me. I get into position and I hit the ball. And as luck would have it, that was the best hit that I ever had. And the ball went flying down the fairway, like almost into the green. And the green is the part of the golf course that surrounds the hole, this is where you putt the ball.

Anyways, when that happened, this group behind me, they just all started clapping and then one of the guys walks up to me and he says, 'Fella, you're like a young Tiger Woods.' Little did he know that it was all just pure luck. But then for the next like five to six holes, this group behind me, they let me basically play with them because they were impressed with my hit. And the guy who called me Tiger Woods was basically talking the whole time, and he kept asking me questions about like what I wanted to do with my life and things like that.

And of course, being 13 years old at the time, I had no idea. But something that he said to me that day is something that I'll never forget. He said to me, 'Well, whatever you do, don't just get paid for eight hours in the day, get paid for all 24.' And at the time, 13-year-old Kingsley had no idea what this guy was talking about. And it wasn't until almost a decade later in my mid-20s that I realized what this guy was trying to say to me.

Most people go to work for eight hours and they get paid for those eight hours. But there's still 16 hours in the 24-hour day that you're not getting paid any money. Now obviously, it's impossible to work 24 hours a day, seven days a week, right? That's not what I'm saying. But what if it were possible to set up passive income streams that did work for you 24/7 so that you can always be making money regardless of what you're doing?

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Stock investment

The first and arguably the easiest source of passive income that you can start building as soon as today is getting paid from stocks. Many of you already know, if you've been reading from my website for some time now, that there are many stocks that will pay you monthly or quarterly paychecks just for owning shares of the stock. And these stocks are referred to as dividend stocks. A dividend stock is a company that shares their profits with shareholders through dividend payments. And you officially become a shareholder the moment you buy shares of stock from the company.

And the way it works is extremely simple.

Let's just say, for example, that you owned 30 shares of a stock that pays an annual dividend of two dollars. This means you would earn sixty dollars per year for those 30 shares of stock that you own. And so, let's answer our three basic questions.

The first question is: How much upfront work is required to start earning passive income through dividend stocks? Well, honestly, not a whole lot of work at all because all you need is a brokerage account and some money to buy the dividend stocks. In terms of upfront work, it's an easy one out of five because there is no upfront work.

In terms of the best brokerage account to use, my go-to recommendation is Weeble. Not only is Weeble easy to use with its clean, modern interface, but if you sign up using my link here and explore the platform with a deposit of just one penny, you'll receive 12 complimentary stocks valued up to $36,000. Now, that does beg the question, though: How difficult is it to earn one hundred dollars per month in passive income with dividend stocks?

Well, let's do some quick math. Let's say, for example, that you wanted to invest in 3M because they pay an annual dividend of $5.96 per share. In order to earn $100 per month in passive dividend income, you would need to buy about 200 shares of the stock, which is worth about $21,000. And with that $21,000 invested into 3M, you would earn about $100 per month in passive dividend income.

But overall, I would give this a three out of five. It's not extremely difficult to start making passive income with dividend stocks, but this is a classic case of "it takes money to make money." You have to invest your money into dividend stocks if you want them to pay you, and the more you invest, the more you'll get paid.

And then finally, how difficult is it to actually maintain this source of passive income? Well, this is an easy one out of five because it's extremely easy. Once you own the stocks, then you just have to keep on holding the stocks for them to keep on paying you dividends.

And come now, I'm just barely scratching the surface on this subject. If you wanted me to make a step-by-step article where I go in depth about how you can start making money with dividend stocks, then drop a comment down below and let me know that you'd be interested in that article. And if enough people comment, then I'll write the article.

Youtube channel

The next source of passive income is by making a YouTube channel, and this is my personal favorite source of passive income. But of course, I'm biased. Now, is starting a YouTube channel a lot of work? Yes, it is. But what I've learned over the years is that the best and highest paying sources of passive income often require the most upfront work. You see, something like dividend stocks basically has zero upfront work, but the amount of money that you can make from dividend stocks is a lot less compared to YouTube.

So, first thing, how much upfront work is needed to start earning passive income from YouTube? Something that I always tell people is there's both an active and passive side of YouTube. The active side is the continuous work that you have to do to produce content.

The passive side is the fact that once you produce this video and put it out there, well, it's out there permanently, right? And theoretically, it could make an infinite amount of money as long as the YouTube algorithm continues pushing it to an audience, which, if you did a good job producing the video, then it will continue getting pushed by the algorithm because people will continue to enjoy watching it.

The upfront work to start a YouTube channel is definitely a lot of work. In fact, I'm going to give it a 5 out of 5 on the work scale. But once you've put in enough work consistently and your channel starts growing and momentum starts picking up, then it becomes incredibly easy to start earning $100 or more in passive income, like a 1 out of 5 kind of easy.

And then, to maintain that passive income stream, all you have to do is just repeat what already worked, continue repeating it over and over again, and build systems around your processes to make your workflow that much easier and passive for yourself. And if you can do this, then maintaining the passive income stream from your YouTube channel is going to be pretty easy, like a 2.5 out of 5.

But even beyond just the passive income side of YouTube are all the benefits that come with building a large audience online. And in many ways, YouTube could actually help to fuel other passive income sources or at least give them a little boost. For example, the next passive income idea is affiliate marketing.

Affiliate marketing

And with affiliate marketing, yes, it can technically be done without a YouTube channel or TikTok or Instagram or any other type of online following. It can be done, and people do it all the time. But if you already have an audience in one of those things, TikTok, Instagram, YouTube, whatever, if you already have an existing audience, affiliate marketing just becomes that much easier to implement into your existing strategy.

So, what exactly is affiliate marketing, though? Affiliate marketing is the process by which you promote another person or company's product in exchange for money or commission. For example, I have a website and on that website, I sell website templates for a WordPress page builder plugin called Elementor.

And so, at the top of my website, I have a link that says, "Get Elementor Pro," and when people click on that link, it brings them to a page on Elementor's main website where they can buy the pro version of the plugin. And if they do end up buying it, well, then Elementor is going to pay me a 50% commission, which on a $100 purchase is $50. And so, every single time somebody clicks on that link on my website, which is an affiliate link, and they buy the product, I'll earn a commission from that.

And guys, virtually every business and every company online has some type of affiliate program, even if they don't openly advertise it on their website. For example, Amazon has their Amazon Associates program. Sites like Skillshare have an affiliate program that will pay you a fixed dollar amount for every person that signs up through your affiliate link. My upcoming personal website will feature a robust affiliate program. Stay tuned for updates by subscribing to my newsletter!

So, first question: How much upfront work is required to start making passive income with affiliate marketing? Well, generally speaking, if you don't already have some type of audience online, even if it's a small audience, then it is going to require a bit of work to get this thing up and running, like a four out of five. But if you do have an existing audience, then honestly, it's like a one out of five because you're not having to do any extra work aside from maybe mentioning a product and then including some type of affiliate link in the content.

But like I said earlier, is it possible to do affiliate marketing without a social media following? Yes, a lot of people make a lot of money with affiliate marketing without even having an online following, but you do have to get a lot more creative.

How about how difficult it is to earn $100 per month in affiliate passive income? Well, if you have an existing audience, a one out of five. Like the example I gave to you earlier with my website, all I need are just two people to click on my affiliate link and purchase the Elementor Pro subscription in order for me to earn $100 per month in passive affiliate income. And if my website is providing value, people will visit the website, they'll click on my affiliate links, and sometimes they'll buy the product. And it happens every month, sometimes several times per month.

And then finally, how difficult is it to actually maintain the source of passive income from affiliate marketing? Well, I would say this is a two out of five. It's relatively easy as long as you're able to continue providing value, be it through a YouTube channel, TikTok, Instagram, through your own personal website, whatever it is. As long as you keep providing value, people will keep showing up, they'll keep clicking on your links, and you'll keep making money from affiliate marketing.

Podcast

The next passive income idea is starting a podcast. Now, I don't have a podcast yet; it is something I'm planning for the future. But podcasts work very similar to YouTube in terms of the active work involved and the passive income that's created as a result of the active work. In other words, yes, you will have to do the active work involved with recording the podcast, finding guests, and coming up with good topics that you know your audience will want to listen to. However, once that podcast is recorded and it's out there in the world, it will continue generating income for you without requiring any additional effort.

So, how much upfront work is required to start a podcast? Well, I'm going to ask my good friend Andrew, who is an expert on the topic because he happens to be the host of a very successful 4 million download podcast. 

Andrew: Podcasting is one of the straightforward things to start, just like YouTube, because you just have your phone. You can start with YouTube. With podcasting, all you need is some simple audio equipment, and you need a hosting service. With the audio equipment, it's actually much less expensive than a lot of people think. You can actually get a $70 microphone, and that microphone can sound absolutely amazing on a podcast. Then, outside of that, you need a hosting service.

So, there are cheap hosting services like Buzzsprout or Anchor. I think Buzzsprout is about $14 a month. I think Anchor is even free. What it does is it pushes your podcast out to platforms like Apple Podcasts, Spotify, and all those other things. So, it is remarkably uncomplicated to start a podcast. I would say it is about a two, just because you have to buy the mic and maybe some of the simple equipment. But outside of that, it is remarkably uncomplicated to start a podcast.

When you start podcasting, it's going to take you a couple of months to obviously get an audience. The optimal way to make money early on, there are a couple of different ways. One of the major ways is advertising. And what happens is, as you build up episodes and as you build up your back catalog and you get more experience in podcasting, all of those episodes are going to start to compound, just like a YouTube channel would. So, when you're starting off, you'll achieve that hundred dollars pretty easily as long as you have that first thousand listeners.

And finally, how difficult is it to maintain this passive income source? I would rate the difficulty as a two once you have your first thousand listeners. So, the challenging part is the first three months, trying to get to your first thousand listeners. Maybe it takes you six months. But staying consistent within that six months to get your first thousand listeners so you can start to make money is the key.

Next up, we've got creating passive income through some type of membership community. An example of this could be Patreon or even something like OnlyFans. And for those of you who keep on asking me in the comment section if I have an OnlyFans, no, I do not. If you want access to my highly confidential OnlyFans account, comment down below.

But seriously though, getting started with creating a membership community is actually effortless. Unless you plan on building an entire website from scratch, setting up a Patreon or something else similar is very easy to do. Simply go to the website and sign up. That's it. And for that reason, I'm going to give this a one out of five on the amount of upfront work needed.

The real question, though, is how difficult is it to build up a $100 per month passive income stream from a membership community? And like with many of the passive income ideas on this list, once again, it depends. If you have an existing audience already, then it's going to be much easier for you to build up a membership community because you can just direct your audience to join your membership community if they're interested in that extra value. If you're starting from scratch, as in you don't have any type of existing audience, then that's a different story.

Let's use an example. Imagine for a second that you have a passion for creating homemade birdhouses. And you post content here on YouTube, TikTok, and Instagram for free. And your goal is to funnel people into your Patreon account or perhaps your OnlyFans page from your social media accounts.

And on your Patreon page, there's a membership option where people can pay, like, ten dollars per month to get exclusive access behind the scenes to how you build your birdhouses or something like that. In this situation, if you could just get 10 people to sign up to your Patreon, well, my friend, there you go. You are now earning $100 per month in passive income.

Now, of course, we enter the same dilemma of "this isn't truly passive income," Because with basically everything, there is going to be a little bit of upfront work before you can start earning passive income on the back end. And so, how difficult is it to earn $100 per month in passive income? Obviously, and I keep going back to this because it's true, if you have an existing audience already, this is probably going to be like a two or one out of five. But if you don't already have an audience, then you would have to figure out some way to give people a reason to want to join some type of membership community that you created.

And then finally, how hard is it to maintain this passive income source? I would say this is a two out of five. It would just be a matter of you continuing to provide value over and over again and create something that people are willing to pay money for.

Sell Digital products

The next passive income idea is selling digital products. And many of you already know that we talk about digital products a lot on this website and that's because I truly believe it's one of the best ways nowadays to make money online. And when I say digital products, I'm referring to a variety of things: photography, music, eBooks, creative resources like fonts, website templates, printables, presentation templates, and much, much more.

The reason digital products are such a perfect passive income idea is because unlike physical products where you have to make the product, ship it, buy inventory, and deal with the hassle of organizing all your supply and materials, digital products don't require any of that. If you read my recent article, which you can find on my website about how to make $1,000 per day building Squarespace templates and selling them on Etsy, this is a perfect example.

You see, with Squarespace templates, you only have to build them once. And once they're built, you can theoretically sell those templates an infinite number of times without having to do any additional work than what you did originally when you first built the template.

Let's answer the first question: How much upfront work is required for this passive income idea? Well, it depends on the type of digital product you're selling. But for the most part, it is going to require you to have either a phone or a computer, as well as either some previous experience building some type of digital product or a willingness to learn how to do it. Going back to my Squarespace template idea, I would assume, I would guess that many of the people who read that article that I put out on my website didn't know how to sell Squarespace templates on Etsy prior to reading that video.

However, by the end of that article, they knew exactly how. And all it took was a willingness to read an 18-minute article. And so, how much upfront work? Well, I would say a little bit, but not a lot. I'm going to give this a 2.5 because it really depends on the type of product you're selling. For example, if you want to sell fonts or presentation templates, that's obviously going to require a little bit of work upfront for you to actually make those templates before you can actually sell them.

And then, how difficult is it to earn $100 per month in passive income with this idea? Well, I'm going to give this a 1.5 out of 5 because, honestly, it's relatively straightforward once you can actually get a good product listed on one of these websites like Creative Market or Etsy.

And finally, how difficult is it to maintain this passive income stream? I'm going to give this also a one out of five. Like we keep on talking about with a lot of these ideas, once the thing is built, once you've got some momentum on that thing, it'll be pretty easy to maintain that momentum as long as you continue to build new products and find ways to innovate and be competitive in the market. But once these products are listed online, then theoretically, they're on the internet forever, and they'll continue to sell indefinitely.

Sell online courses

Next up are online courses. Now, technically, this is a type of digital product, but in my opinion, it's worth talking about this passive income idea by itself. Selling online courses can be done in one of two ways. The first way is by building up an audience on YouTube, TikTok, Instagram, all these social media platforms, building up an audience, and then creating a course around what your audience might be interested in and then selling that course to your audience for those people who might be interested in the additional value.

If you don't have an online audience, there's still websites like Skillshare and Udemy that let you sell your courses to an existing audience on those platforms. These course websites get hundreds of millions of visits per month. And so, by creating your course and selling it on these sites, you open yourself up to potentially getting millions of views on your course and thousands of potential sales.

So, the first question: How much upfront work is required? I'm actually going to give this a 4 out of 5 because there's going to be a lot of work upfront for you to actually create the courses on a specific topic. But once it's created, things get exponentially easier. For example, how difficult is it to consistently earn $100 per month in passive income by selling courses online? Well, Skillshare says that, on average, teachers can make between $200 and $3,000 per month, which is way beyond that $100 threshold. And for that reason, I'm going to give making $100 consistently a 1 out of 5.

And finally, if you want to maintain that passive income stream with this passive income source, once again, in my opinion, this is an easy 1 out of 5 because once that course is created, there really is no additional work that you have to do. Now, if you want to make more money, then of course you would have to go and create new courses and things like that. But if you're happy with just the minimum $100 per month in passive income, then I think it's easy to do by selling just one course on one of these websites. And honestly, you'll probably be able to earn a lot more than just $100 per month.

Real estate investment

The last passive income idea is real estate. And I'm specifically referring to physical real estate like rental properties, Airbnbs, duplexes where you live on one side of the house and a tenant lives on the other side. Now, of course, there are other ways to earn passive income with real estate. For example, you could buy REITs or you could invest in real estate through crowdsourcing on sites like Fundrise.

But for this idea, we're only talking about physical real estate because at the end of the day, although it does require a lot more work than REITs and crowdsourcing sites, physical real estate is going to pay you a lot more money, and you have the benefit of owning an actual physical property which can appreciate in value.

So, for starters, how much upfront work is required for this passive income idea? Well, it's definitely a 5 out of 5. For most people, buying physical real estate is a very long and tedious process that involves multiple moving parts. And then when it's time to actually rent out the property, even if you have a property management company managing the property for you, it's still going to be work.

However, because of all the upfront work and all the upfront capital that you would have to invest to get this thing off the ground, earning $100 per month in passive income is going to be extremely easy, a 1 out of 5 on the scale. The average renter in the US pays a little bit over $1,300 per month for rent. Now, of course, there will be costs like obviously you have to pay for the mortgage, taxes, insurance, those types of things. But even after all those expenses, most landlords are left with $100 or more in profit each month.

And then finally, how hard is it to actually maintain this passive income stream? Well, I would say it's going to be a 1 out of 5 because all you have to do is just not sell the property and make sure that you're being competitive with your renting rate so that your property stays rented without any gaps. And typically, if you're working with a property management company, they're going to be the ones who are doing the research and trying to figure out what the most competitive rates are for the rent in your area.

Aside from that though, there's not much work that you have to do to maintain the property, aside from the occasional maintenance and the occasional repairs. But of course, you can always outsource that work as well, and many times the property management companies will do that for you, and you can just keep the process as passive as possible.

Hey, if you guys have not already stayed updated by joining my newsletter yet, subscribe to the website, I really don't know what you're waiting for. I would appreciate it if you did both those things. All of you guys watching are incredible. I appreciate every single one of you. I mean that, and I hope that you have a beautiful rest of your day or night. And as always, I will see you again very soon. Take care.