I’m really delighted to show through my income reports that ordinary people can make a decent passive income online.
People say “blogging’s dead” but I know you can build a successful blog if you stick at it. People say “there’s no such thing as passive income” but my passive income is very passive. I make over $5000/month. All I do is answer the odd customer query – maybe one a day. (I’m not resting on my laurels, though, I’m continuing to add passive income streams in case something goes wrong with my main sources of income.)
So I asked my email subscribers for all their doubts about whether they could earn regular, sizeable, passive income online. I got a great response. And, if you filled out that survey a few months ago, thank you very much.
Here are the doubts that people have about earning passive income and my answers to them…
“I don’t have enough expertise!”
Do you think you don’t have enough expertise to sell e-books and video courses? Well, listen to me. You can do it. You are an expert and people will pay for that expertise.
We’re all on a journey, although we’re not all of the same journey nor travelling in the same direction. Some people are ahead of us and some people are behind. The beauty of the internet is that you can always find people who’re just behind you who can therefore learn from you.
I put a few WordPress videos up on Udemy and they started making money. I’m far from being a WordPress expert and yet people buy my courses because I tell them exactly what they need to know and no more.
I sincerely believe that everyone is an expert. Everyone is useful.
“I don’t have the time”
People are worried that they don’t have the time to create products so that they can earn passive income online.
Remember, this is a side hustle, a part-time project. I run a web and graphic design business that provides services for clients. I started creating the e-books and video courses in my spare time.
I only spend an hour a day either writing an e-book or creating 5 minutes of video. I also write a blog post every week and maintain an email list. You do have the time to do this.
“I don’t have the technical ability”
People believe that creating and selling e-books and video courses is technically very difficult.
At first, it’s best to sell video courses on online learning platforms – Udemy, especially, but there are others such as Skillfeed and Skillshare. They do the video storage, course delivery, payment gateways, tax (and that includes the latest EU VAT laws), affiliate schemes, commissions, coupon codes, student support, marketing, everything. All you have to do is to create the course.
It’s the same with Amazon, I sell e-books through the biggest bookstore in the world. They know infinitely more about selling books than you or I.
In terms of the technical details behind creating e-books, this is amazingly easy as well. You can write a Kindle or any e-book using Microsoft Word or OpenOffice. Video courses can be created using only one tool (either Screenflow for Mac or Camtasia for PC) which records your voice and computer screen, these applications also edit and export HD video via super-easy, intuitive, drag-and-drop interfaces.
So, you can earn passive income online with very limited technical ability.
“I don’t have the money”
A lot of people think they don’t have the money. But you don’t need much money at all.
As we’ve seen, you can write an e-book using Microsoft Word or Open Office. You can sell it on your own site by using a service like Gumroad. The money will go directly into your PayPal account with Gumroad taking a small commission. So, it costs nothing to sell e-books from your own site.
It costs nothing to sell from Amazon either although you may like to outsource the cover creation and text editing of the Kindle. This would cost $150 at the most.
For video courses, as already explained, you just need to buy screencasting software and a decent microphone. You could create dozens of video courses that earn you tens of thousands of dollars with only $200-300 expenses!
A few hundred dollars may seem like a lot of money but the benefits of creating and selling your products will far outweigh the cost.
Some people would be embarrassed to be associated with info-products because of their scammy and spammy reputation. I can understand this. Some internet marketing products promise the earth, cost a lot and deliver very little – and are sold by some dodgy guy standing in front of a Mercedes Benz!
However in terms of e-books, many respected entrepreneurs have published Kindles on Amazon. And in terms of video courses, for example, Seth Godin has three courses on Skillshare and Guy Kawasaki has one on Udemy.
So there is nothing to be embarrassed about. I advocate to only create products on subjects you know about. And make your content to be of the highest quality.
“I don’t want the people at work finding out”
Some people don’t want their bosses or co-workers finding out that they are selling products online. If this is the case it is possible to do this completely anonymously.
Setting up a pseudonym at Amazon is no problem because lots of people use pen names – you still use your personal Amazon account and no one will know. If you’re thinking of taking money from PayPal you should set up a business with email and then you can take payment anonymously. But you’ll have to do everything under your pseudonym online – blogging, commenting, social media – the lot. So this may lead to a few practical difficulties but it’s not impossible.
Having a product for sale increases your reputation within your area of expertise. It can enhance your reputation at work.
“I don’t have the motivation”
And lastly, people are held back by the thought that they don’t have the motivation.
They find it hard to get things done, especially with all the shiny objects and distractions we have online these days and the day-to-day business of having a job and a family.
But I am super-lazy, unfocussed and ill-disciplined and yet I managed to write 3 Kindles are create 4 video courses last year. I’ve just got in the habit of writing one blog post a week (which isn’t very much) and spending an hour or so, every day on either a book or a course.
So everyday I write 500-750 words and at the end of a month I’ll have a Kindle book finished. Or, I spend an hour creating at least 5 minutes of video a day (that’s 10 minutes or so to shoot it and an hour or so to edit it). And again, at the end of a month I’ll have a video course completed.
There is nothing like the feeling of seeing your products being sold and reading positive reviews about them. You’re making money, enhancing your reputation, growing a personal brand, and … you’re helping people. There’s no better motivation than that!
You can do it
No excuses! I don’t care who you are: young, old, educated, un-educated, inexperienced or over-qualified. You can do it. You can sell e-books and video courses and make passive income online. You just need to find a subject you’re passionate about.
To find out how to do that you may be interested in this course …
See the exact step-by-step processes that makes me over $5000+ each month passive income in my new course Earn $5000+ a Month Passive Income Selling E-books and Video Courses. You can see exactly where I make my money, learn how you can sell your expertise this way, and, how you can both make money as well as generate new leads at the same time.