How to Earn Income
Build your Income Empire Following These Trusted Methods
(Thread)👇🏽
Build your Income Empire Following These Trusted Methods
(Thread)👇🏽
•Active vs Passive Income
In this thread,
we’ll be looking at ways to build a Passive Income Empire.
Dubbed PIE
#pie
First, we need to understand the differences:
-Active income:
Trading time for money
-Passive income:
Money earned that requires little effort to maintain
In this thread,
we’ll be looking at ways to build a Passive Income Empire.
Dubbed PIE
#pie
First, we need to understand the differences:
-Active income:
Trading time for money
-Passive income:
Money earned that requires little effort to maintain
•Stocks
Dividends,baby!!
I see you PIE lovers sharing your screenshots when they arrive👏
Dividends are the most predictable. Companies pay them out from profits. If they use debt to pay dividends, then, I have 3 words for you; RUN, RUN, RUN
Capital - Dividends - Growth
Dividends,baby!!
I see you PIE lovers sharing your screenshots when they arrive👏
Dividends are the most predictable. Companies pay them out from profits. If they use debt to pay dividends, then, I have 3 words for you; RUN, RUN, RUN
Capital - Dividends - Growth
•Affiliate Marketing
Target a niche,build an audience, direct traffic to 3rd party’s site.
Earn comms without even owning a product. A finder’s fee on the internet.
Fiverr has an affiliate program where you can advertise other people’s services. 👇🏽
track.fiverr.com/visit/?bta=519…
Target a niche,build an audience, direct traffic to 3rd party’s site.
Earn comms without even owning a product. A finder’s fee on the internet.
Fiverr has an affiliate program where you can advertise other people’s services. 👇🏽
track.fiverr.com/visit/?bta=519…
•Courses
Consider selling your knowledge on @udemy
Educational courses are top sellers, and people are now using the internet to learn more than ever.
-Design content for others, or
-Create your own content.
Consider selling your knowledge on @udemy
Educational courses are top sellers, and people are now using the internet to learn more than ever.
-Design content for others, or
-Create your own content.
• Digital Products
Digital products live forever on the internet, making them an ideal candidate for building your #PIE
I offer affiliate programs with my eBooks. if you sell them you get 30% commission on each sale
35% off, today.
Code: money
gum.co/smartmoney
Digital products live forever on the internet, making them an ideal candidate for building your #PIE
I offer affiliate programs with my eBooks. if you sell them you get 30% commission on each sale
35% off, today.
Code: money
gum.co/smartmoney
•Selling content
Anything that saves someone time, they will most likely buy it.
-Design PowerPoint presentations for teachers to use in the classroom, or
-for freelance language tutors to use when they do private tutoring.
Anything that saves someone time, they will most likely buy it.
-Design PowerPoint presentations for teachers to use in the classroom, or
-for freelance language tutors to use when they do private tutoring.
https://twitter.com/talkcentss/status/1392050124595945474
•Writing Books
Much more taxing than writing an eBook. Writing an exceptional one offers residual income that will secure your #PIE
Check out these authors who are enjoying perpetual Passive Income from the sale of their books.
My 10 Favorite Financial books to read👇🏽
Much more taxing than writing an eBook. Writing an exceptional one offers residual income that will secure your #PIE
Check out these authors who are enjoying perpetual Passive Income from the sale of their books.
My 10 Favorite Financial books to read👇🏽
https://twitter.com/talkcentss/status/1344226566574751744
•Rental Properties
Easy Money, right?
Hold up!
You need to do your research. Not all properties are successful. They don’t all generate passive income. It may even be reducing your affordability.
I explain it all 👇🏽
35% off
Code: property
gum.co/property
Easy Money, right?
Hold up!
You need to do your research. Not all properties are successful. They don’t all generate passive income. It may even be reducing your affordability.
I explain it all 👇🏽
35% off
Code: property
gum.co/property
•Real Estate Investment Trusts
REITs pay out their profits to shareholders. You can own a share of property without the headache/costs that come with it.
REIT’s are great for diversification.
Check out my 3 favorite REIT’s in the article at the end of this tweet.
REITs pay out their profits to shareholders. You can own a share of property without the headache/costs that come with it.
REIT’s are great for diversification.
Check out my 3 favorite REIT’s in the article at the end of this tweet.
•Subleasing/Subletting
Own property already?
-Turn your back flat into a room you can rent out.
- Consider subleasing if the landlord is alright with it.
- Find tenants for vacant properties.
Own property already?
-Turn your back flat into a room you can rent out.
- Consider subleasing if the landlord is alright with it.
- Find tenants for vacant properties.
• Equipment Rental
Plant and equipment are great income boosters. Renting them out to construction companies for example:
- Generators
- Compactors
- Weed heaters
- Road cutters
- Chainsaws
- TLB’s (high rollers)
Plant and equipment are great income boosters. Renting them out to construction companies for example:
- Generators
- Compactors
- Weed heaters
- Road cutters
- Chainsaws
- TLB’s (high rollers)
• Car Rental
Consider renting out a car you aren’t using.
- Moving houses
- Refuse removal
- Taxi
Don’t let reliable second hand cars go to waste.
Consider renting out a car you aren’t using.
- Moving houses
- Refuse removal
- Taxi
Don’t let reliable second hand cars go to waste.
•Renting Car Space
Do you live close to businesses, commuter links, or stadiums?
-Consider renting out your parking space near economic activities.
-Turn your yard into a secure parking bay and offer monthly membership fees for parking.
Parking space is a hot commodity.
Do you live close to businesses, commuter links, or stadiums?
-Consider renting out your parking space near economic activities.
-Turn your yard into a secure parking bay and offer monthly membership fees for parking.
Parking space is a hot commodity.
•Advertising
Use you car for more than getting to work and the grocery store. If you are using your vehicle for one utility only, you may be missing out on income.
- Advertise products/businesses on your car.
- Advertise your products.
Look at your mileage as exposure.
Use you car for more than getting to work and the grocery store. If you are using your vehicle for one utility only, you may be missing out on income.
- Advertise products/businesses on your car.
- Advertise your products.
Look at your mileage as exposure.
•Micro Lending
This is high risk- but you could easily lend people money, to people who can’t get financing from the bank.
Tip:
Lend to those who want finance for business expansion, not those that use for consumption. Worst case worse; you can swap debt for equity.
This is high risk- but you could easily lend people money, to people who can’t get financing from the bank.
Tip:
Lend to those who want finance for business expansion, not those that use for consumption. Worst case worse; you can swap debt for equity.
•Vending machines
@WarrenBuffett started his own business at a young age. He bought a pinball machine and then charged people to play on it
Think:
- Vending Machines
- Pool tables
- Popcorn Machines
Anything you can generate cash flow from. #gaming
@WarrenBuffett started his own business at a young age. He bought a pinball machine and then charged people to play on it
Think:
- Vending Machines
- Pool tables
- Popcorn Machines
Anything you can generate cash flow from. #gaming
•T-shirts
Simple, but effective.
You don’t even have to have the inventory to get started.
Steps:
- Design shirts
- Samples
- Advertise
You could take preorders, you don’t risk buying goods you can’t sell. This mitigates costs and risks and allows you to gauge market.
Simple, but effective.
You don’t even have to have the inventory to get started.
Steps:
- Design shirts
- Samples
- Advertise
You could take preorders, you don’t risk buying goods you can’t sell. This mitigates costs and risks and allows you to gauge market.
• Domains
The person who bought Bitcoin(dot)com
must have made a killing for this domain.
Look at small businesses in your area who don’t have websites, buy their names online and then consider re-selling back to them. Show them the importance of an online presence.
The person who bought Bitcoin(dot)com
must have made a killing for this domain.
Look at small businesses in your area who don’t have websites, buy their names online and then consider re-selling back to them. Show them the importance of an online presence.
•YouTube
YouTube could be a great revenue stream. Look at @IvynSambo , he’s a perfect example of growing a YT channel extremely well, by offering valuable content.
I Highly recommend subscribing to his channel
Here he talks about holding ETF’s👇🏽
YouTube could be a great revenue stream. Look at @IvynSambo , he’s a perfect example of growing a YT channel extremely well, by offering valuable content.
I Highly recommend subscribing to his channel
Here he talks about holding ETF’s👇🏽
•Music
There is so much to say on this, but so little characters available to me.
-License Music, check out how it’s done in the article below, and learn how the Pro’s do it on YouTube. #artist
There is so much to say on this, but so little characters available to me.
-License Music, check out how it’s done in the article below, and learn how the Pro’s do it on YouTube. #artist
Read the full detailed post here
Building a Passive Income Empire👇🏽
buymeacoffee.com/davidketh/pass…
Building a Passive Income Empire👇🏽
buymeacoffee.com/davidketh/pass…
Shot out for making it to the End.
Now, SCREAM WITH ME;
“I NEED PIE”
Now, SCREAM WITH ME;
“I NEED PIE”
• • •
Missing some Tweet in this thread? You can try to
force a refresh
