Thread by @fuelSelfMastery

Ultimately money is just a medium for exchanging value.

✅The only way to make money is to provide value.

-A Thread on passive income-👇

There is really no such thing as passive income.

There is no way to make money without doing anything at all.

But when I say passive income, what I mean is that it's money that is not directly tied to time.

So, let’s say you were to write a book.

You write a book, publish a book and that book is now on bookshelves.

You've done the work, kind of once, to write and publish book.

But now anytime the book sells, you make money from royalties. That is passive income.

You could literally be making money while you sleep because you've created this thing which is out in the world which is generating income for you.

The other thing with passive income is it always takes quite some time to get going.

So, don't fall into get-rich-quick schemes.

Affiliate marketing is one of the best ways to create a passive income stream.

Affiliate marketing means that you are selling other person's products; but you are getting a percentage of profit from the sales from this product.

To become an affiliate marketer, you should sign up for an affiliate program such as Amazon affiliates, which gives a 5% commission for each sale.

You could also create your own digital products like an e-book or an app and sell them to your audience.

Affiliate marketing and selling your own products require up-front efforts such as building an audience to whom you could advertise the products.

You can build an audience in any one of the social media platforms such as Twitter, Instagram, or Facebook.

Open a Twitter account and start providing free value/knowledge in the form of tweets.

If a person sees your tweet and resonates with your content, he will become your follower.

Consistency is the key to building an audience.

You can build your own audience by using 'The Art of Twitter' business guide, which will teach you how to grow a Twitter account from scratch (from 0 to 10000+ followers) & monetize it to make $100+ every single day.

Start building your audience NOW👇
gumroad.com/a/93787251/XFF…

100s of people have created a passive income stream using this guide, including me.

My first ever affiliate sale mail has made me immensely happy due to the realization of the fact that I can make money without working a 9-5 job.

I felt free for the first time ever in my life.

If you like this thread, Please retweet the first tweet so that it will reach the people who are stuck in their dead-end 9-5 job and can help them to achieve financial independence.

https://twitter.com/fuelSelfMastery/status/1410585665553670144?s=20