Passive income sources 2020 that can make up to $5000 per month.
What does it mean to have multiple passive income sources online?
How that will affect you and your family?
Imagine you don’t have to trade your time for money. Wouldn’t that be just awesome.
Stick with me here in this post because I’m going to show you simple ways to earn legit passive income online
Lets get started
Do you like teaching what you already know?
Then here is how you can make money teaching online.
Related : How passive income is passive? the right mindset about passive income.
Related : Ideas For Passive Income Anyone Can Do It
Create a course on udemy.
![passive income sources 2020 [$1000-$5000]](https://i0.wp.com/learn.onemonth.com/wp-content/uploads/2019/03/image2.png?fit=1999%2C1226&ssl=1)
This is how Instructors make teaching on udemy
| Course | Udemy instructor | Enrollments | High income estimate | Low income estimate |
| Complete Python Bootcamp: Go from zero to hero in Python 3 | Jose Portilla | 470,750 | $4.7m | $942,000 |
| AWS Certified Solutions Architect – Associate 2018 | Ryan Kroonenburg | 371,678 | $3.5m | $744,000 |
| The Web Developer Bootcamp | Colt Steele | 371,455 | $3.7m | $743,000 |
| Machine Learning A-Z™: Hands-On Python & R In Data Science | Kirill Eremenko | 356,226 | $3.6m | $713,000 |
| Java Programming Masterclass for Software Developers | Tim Buchalka | 284,024 | $2.8m | $568,000 |
| Complete C# Unity Developer 2D: Learn to Code Making Games | Ben Tristem | 278,031 | $2.7m | $556,000 |
| The Complete Ethical Hacking Course: Beginner to Advanced! | Ermin Kreponic | 253,234 | $2.5m | $506,000 |
| The Ultimate Drawing Course – Beginner to Advanced | Jaysen Batchelor | 252,913 | $2.1m | $506,000 |
| Angular 7 (formerly Angular 2) – The Complete Guide | Maximilian Schwarzmül | 224,299 | $2.2m | $449,000 |
| The Complete Digital Marketing Course – 12 Courses in 1 | Rob Percival | 220,370 | $2.2m | $441,000 |
Don’t get scared because I’m going to show you step by step how you do it.
What do you need to start working as an instructor in udemy website?
Simple, just computer, internet and any skill.
Planning
Planning is the first step to create an awesome udemy course.
For example if you are web design, graphic designer, or even like cooking doesn’t matter, the key here is there is always people want to learn whatever you teaching.
So planning is crucial to success in this stage, create simple plan you can use google docs to do that, or simply use notpad.
Researching
Next step is research how many people actually looking for what you offering.
The best tools to find out is :
- Udemy Instructor analysis
Use marketplace insights to see if there is demand on what you offering.
for example: I’ve searched graphic design here’s top monthly revenue.
final tool is my best one. google search, this is amazing way to find insights about what you trying to teach online.
Execution
This is the fun part, to create a course you only need few things done :
- Screen recording software
- Microphone.
Thats it. you can hire VA to help you with these process if you want to accelerate the creation of the course and start selling on udemy.
So now what? After you’ve recorded your course, now its time to upload to udemy the process is straight forword, go to udmey, on the instruction section, find create a course, fill in your course details like course title, descreiption, and so on, then upload your videos one by one or just bulk upload at once.
Select a price for your course, $15-$50 is perfect. Keep in mind playing with prices till you find what suits you, anyways udemy will sell that course at $9.99-$12.99 most of the time.
That’s okay because this will be passive income and keep making you money.
Udemy team will take few hours or days to review your course.
Create Youtube Channel
Youtube is huge having a channel is great way to earn good income by monetizing your videos.
The way to do so is by creating video on what you passionate about, it can be anything, teaching specific skills like drawing,designing , teaching languages, cooking tutorial or whatever you like to do. Keep in mind this will take sometime to grow the key is to keep uploading videos on daily basis.
Decide what you want
Find what is that you want to offer, is it tutorial on learning specific skill? Is it how to video?
Is it educational channel?
Once you figure out what is it you want your channel to be about, the rest will follow.
Grow your subscribers
The key to grow your subscribers is to be always uploading new content.
- Always ask your viewers to subscribe
- Ask them to like your video
- Ask them to share
By uploading on continues basis , your content will be showing faster, that’s the secret to grow your subscribers quickly.
Be authority in your market
By reaching 1000 to 10000 subscribers things will be little faster because more people will share your content, you can start monetizing your video.
You can expect to make $100-$5000 or more it depends on many factors.
Conclusion
This post will be updated continuously,
These are the best and proven ways to make passive income online.
The key is to be patient and work consistently, because passive income sources will be only made by investing time or money.
By investing your time wisely you will see result soon.
Will you start teaching on udemy or you prefer youtube channel?