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.

Create a course on udemy.

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
Google trend
Google search

Execution

This is the fun part, to create a course you only need few things done :

Screen recording software
Microphone.

Thats it.

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, finally

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 figuer 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?

passive income sources 2020 [$1000-$5000]