Passive Income Strategies | 7 passive income
This briefing is based on the paper. It explores generative mechanisms and the theory of transferable incentives from the source. The source is from “7 Passive Income Ideas – How I Make $2,000+ Per Day.” It shares tactics the writer uses to earn over $2,000 daily.
Main Themes:
The primary goal is to generate multiple streams of passive income. This means earning money with little effort needed once these sources are set up. A common theme is using online platforms like Etsy, Shopify, Amazon, YouTube, and TikTok. These platforms boost market reach and streamline automation. The author explores creative output, including design, video content, and digital products. They also focus on strategic financial management. This includes credit card rewards and innovative ways to use tax money. 7 passive income
Most Important Ideas/Facts:
Automated T-Shirt Stores (Print-on-Demand):
Idea: Create and sell your own t-shirts online. Use platforms like Shopify and Etsy to simplify the process. Third-party apps like Printify and Printful automate the process of printing and shipping.7 passive income
Process:
- Sign up for free with Printify or Printful.
- Select blank products.
- Design using AI art and Canva.
- Upload your designs.
- Connect to your e-commerce stores.
- List products for sale with markup.
Passive income: It’s easy. I continue to use Instagram, and the app handles everything else. I only need to respond to a few emails. Not too much goes into each day, though.
Pros:
- Fun and creative.
- Quick design creation based on time.
- Simple in Canva, taking less than 30 minutes.
**Cons:** Requires working capital to cover production costs before receiving customer payments. This usually takes 2-3 days. So, you’ll need a credit card or cash on hand. Marketing and advertising matter a lot. Third-party marketplaces, such as Amazon and Etsy, can help. They put you in front of people who are already shopping.
Resource: The writer provides a free ebook called “
The Six Steps That Six-Figure Online Stores Follow to Make Over $10,000 a Month with Print on Demand.”
Making and Selling Digital Items on Etsy:
I want to sell a digital product online, like a template or printable. I’ll use a platform like Etsy. They will handle delivery and give download links.
Passive: “Etsy does pretty much everything for you. They increase visitors to your marketplace and handle your shop’s website maintenance. Plus, they deliver your digital products right to customers. A tiny seller has daily responsibilities.”
Popular categories: 7 Passive income
- Notion templates (ADHD planners)
- Printable PDFs (posters, charts, invites)
- Canva templates (editable wedding signs)
Pros: It’s “100% free to create and sell a digital product,” as there is no need for physical inventory. Potentially enjoyable for creative individuals.
Cons: Needs more work upfront to create and sell than simpler physical products. For instance, you will need 70 separate templates if you offer a wedding sign package.
Credit Card Cash Out (Rewards Points):
**Idea:** Use credit card rewards from business purchases for cash back or other perks.
**Applications:** Perfect for businesses that “need to spend money to make money.” For example, autopilot t-shirt stores must buy products to resell.
The author uses an American Express Platinum card. They redeem points for cash, business, or first-class flights. 7 passive income
Pros: A clear choice for suitable businesses. It’s an easy way to earn extra cash passively.
**Cons:** It’s not great for “free businesses” like digital product stores. High-reward credit cards usually have annual fees.
Evergreen Videos (YouTube & TikTok):
**Concept:** Create educational and informative video content that stays relevant over time. This way, viewers can watch it months or years later, boosting your ad revenue.
Platforms: YouTube and TikTok offer monetization programs. Right now, Facebook, Instagram, and Snapchat don’t have real ones.
Difference:
“Focus on ‘evergreen content rather than trending topics,’̉” Glassman said. He cites a three-year-old tutorial video on Canva. It still earns $5-$20 a day. In contrast, a recent news announcement now makes only “5 cents a day.””
Passive: You can still be paid, without having to upload new content all the time. “Even if I don’t roll out a new video for weeks on end, in the end, I still have passive income every 24 hours no matter what.”
Monetization: YouTube shares ad revenue with creators.
TikTok pays its top creators, who must be at least 21 years old and have experience. They earn about $0.20 to $2 for every 1,000 views on videos that are at least 1 minute long.
**Pros:** It’s fun for creative people. Plus, you can start for free with editing apps and your phone’s camera.
Cons: Creating a YouTube video can take a long time (it can take me days to create one) compared to designing a t-shirt.
Share products, services, or membership plans using your referral link. This way, you can earn money.
Usage: Use with YouTube how-tos, product reviews, and unboxings for apps or products.
Platforms: Impact (for multiple brands), Amazon Associates (for Amazon products).
Pros: “You can monetise this with very little following.”
The writer began affiliate marketing prior to gaining the 1,000 YouTube subscribers needed for ads.
It skips the high follower counts needed for ad revenue. For YouTube, that’s 1,000 subscribers. For TikTok, it’s 10,000 followers.
Cons: You need to make content like tutorials and videos. These may not connect with everyone.
Leveraging Tax Money (Self-Employed):
Idea: Freelancers and small business owners can hold onto tax money during the year. Instead of automatic deductions, they can invest that cash to earn interest. Then, they can pay larger tax amounts.
“You’re doing much better financially than those who only depend on their job for money.”
Method: “Putting it into a high-yield savings account and then earning interest on it.”
Pros: “It’s easy money if you’re self-employed or have a business.”
Cons: Only for self-employed people or business owners. Not for those with a wage or salary.
Automated Emails (Email Autoresponders):
**Idea:** Send a series of pre-written educational emails to new subscribers. These emails will go out at set times and link to existing content. 7 passive income
Goal: Stay connected with fans even if sites like YouTube shut down. Also, redirect passive traffic to monetized content.
The creator provides a free eBook for an email sign-up. Then, they send new subscribers links to related YouTube videos. This helps generate passive ad income.
“New sign-ups receive a drip of educational emails. These emails include links to helpful videos and are sent on autopilot.””
Pros:
- Maintains audience connection when news traffic is less reliable.
- Drives passive traffic and ad revenue from existing home content.
Cons: Upfront work to write up email series and incentive ( eg, ebook ).
What we can learn from Gary
ABOUT THE AUTHOR The author’s success comes from a multi-faceted approach. They blend creative work with clever use of online tools and financial strategies.
A key point is that true passivity often needs a lot of work or money up front. However, the returns can be substantial within a limited timeframe. Utilising existing platforms is crucial for building sustainable passive income. Also, focus on “evergreen” or automated systems.
