Imagine waking up each morning and finding that you have a lot more money in your bank account! This can really happen, and it’s not just a dream. Many people , especially, are learning about something called passive income, which means you can earn money without working all the time. Without a doubt, you don’t need to be an expert or have lots of experience to do this. In addition, we will include a case study from the popular CNBC show How I Made It.
Plus, If you want to make some extra money or even be free with your finances, there are simple ways to do it. In this article, you will learn how to make $10,000 in passive income in just one month! As well as, we will show you easy steps and helpful tips to get started, even if you have never tried before. By the end, you will know what to do to make your money grow. Get ready to take charge of your money and see all the cool things you can do!
Discover Passive Income Streams Today
Not to mention, you might be surprised to know that you can make extra money without spending a lot of time or money. Plus, there are some easy ways to earn money while you do other things. For example, you could think about renting out a house, buying stocks that pay you money, or lending money to people online. Besides, these ideas can help you earn money without having to work all the time. Owing to, whether or not you have the time to devote to making passive income.
Conversely, you can also make things like e-books or online classes based on what you know or like to do. Once you create them, they can make you money without much work. Certainly, by trying out these simple ways to earn extra money, you can be more stable with your money and still enjoy your everyday life! As a result, you may discover passions you didn’t know existed. In short, you can’t choose something just because it might make you a lot of money. All in all, the internet has made it very easy to discover ways to earn money in different ways.
How One Man Went From $8 to $11, 400 a Week in Passive Income
CNBC’s How I Made It highlights regular people like you earning thousands. per month online in passive income. Once such person is Ryan Hogue, who decided to quit his job. Back in 2016, Ryan Hogue was working as a senior web developer in Northern Virginia and teaching part-time as an adjunct professor. For this reason, while he was making a good salary of $117,300 a year, the long commutes really started to wear on him. Because of this, he began looking for ways to make better use of his time and find opportunities for passive income.
Starting His Side Hustle
So, his goal was starting a business with $0 dollar investment. In regards to Print On Demand, he wasn’t earning much just $8 per week. Namely, his friends laughed at him but he wouldn’t that stop him. Afterward, he kicked off a dropshipping business, which eventually grew into a print-on-demand company. As time went on, he added even more ways to earn—like online courses, one-on-one coaching, and a YouTube channel. Before long, these side hustles were bringing in more money than his two full-time jobs combined!
The “Gamification” of Business
In particular, Ryan credits a big part of his success to a simple mindset shift: he started treating his business like a game. He set small, achievable goals, aiming to beat his earnings from the day before. As an example, even when he was only making $4 a day, he focused on doubling that amount and celebrating the little wins along the way. Specifically, this helped him stay motivated and committed, and eventually, his side hustle became profitable.
Tracking Success and Motivation
In his case, to track his progress, Ryan took a fun and quirky approach—he measured his success by how many Big Macs he could buy each day (about 343 Big Macs, based on the $4.67 price in Virginia). While it’s definitely an unconventional method, it actually reflects expert advice to set small, incremental financial goals and regularly check in on your progress. To illustrate, see the table chart below for a breakdown of Ryan’s success journey. Each step includes a brief description and a rating on its effectiveness (from 1 to 5, with 5 being the most effective). Certainly, one can’t blame him for using Big Macs as his visual goals
Expanding His Business Model
In contrast, by 2020, Ryan was making enough from his side hustles to quit both of his day jobs. Now, he focuses on building new income streams, including helping clients create their own print-on-demand businesses. Alternatively, he looked for additional ways to monetize what he was already doing. For $10,000 to $15,000, Ryan will set up a custom print-on-demand business for clients, using automation and artificial intelligence to streamline the process. Later, when the pandemic hit, you can see it put him in a position to hit the ground running once the world was back to normal.
Ryan Hogue’s Side Hustle Scorecard
Step | Description | Effectiveness (1-5) |
Chose Dropshipping as the Business Model | Hogue decided to start a dropshipping business in 2016 as it required minimal upfront investment and offered the potential for passive income | 4 |
Began with a Simple Product Offering | Initially, Hogue kept his product offering simple and focused on testing which products sold well before scaling. | 4 |
Tested Product Viability | He tested different products with small marketing budgets to determine which items would be profitable, using trial and error to find the best-sellers. | 5 |
Optimized Marketing Strategies | Hogue refined his marketing by using paid ads and other strategies to increase product visibility and sales. He continually adjusted ads to improve performance. | 5 |
Focused on Customer Experience | Despite the passive nature of dropshipping, Hogue prioritized providing a positive customer experience by focusing on customer service and communication. | 4 |
Transitioned to Print-on-Demand | After starting with dropshipping, Hogue transitioned into print-on-demand (POD) to have more control over his products and branding. This allowed for higher margins and customization. | 5 |
Automated Processes | As his business grew, Hogue automated processes like order fulfillment and customer support, reducing his workload and freeing up time for scaling other areas of the business. | 5 |
Increased Product Range and Upsells | As the business matured, Hogue added more products to his store, experimenting with upsells and cross-selling to increase the average order value. | 4 |
Optimized Website for Conversions | Hogue continuously tested and optimized his website’s layout, product pages, and checkout process to maximize conversions and reduce cart abandonment. | 5 |
Scaled the Business Gradually | Once the initial sales were consistent, he reinvested profits into scaling ads, expanding product offerings, and optimizing processes to reach more customers. | 5 |
Key Takeaways:
Persistence and Patience: By setting small, achievable goals and making steady progress each day, Hogue stayed motivated and was able to reach his big-picture success. Remember, slow and steady runs the race keep your goals in front of you.
Diversification: Branching out into different income streams, like courses, coaching, and YouTube, helped him build a more stable and scalable business.
Automation: Using automation tools made it easier for Hogue to grow his business while freeing up time to explore new opportunities.
Hogue’s journey shows how important it is to stay consistent, be flexible, and keep a long-term growth mindset when building a side hustle.
Redbubble Print-On-Deman Passive Income
Above all, no one can guarantee your success with print-on-demand. Put another way, please due your due diligence when seeking out extra income opportunities. Of course, starting a print-on-demand business with Redbubble can be a fun and low-risk way to make money online.
First, all you need to do is create an account and start uploading your designs. Whether you’re an experienced graphic designer or just someone who loves creating, Moreover, Redbubble lets you turn your artwork into products like t-shirts, stickers, phone cases, and more.
The best part? Once your designs are live, Redbubble handles everything else—printing, packaging, and shipping—so you don’t have to worry about inventory or logistics. This makes it perfect for anyone looking to start a business without spending a lot of money upfront.
Next, to stand out, it’s important to create designs that people love. Not to mention, popular themes like funny quotes, pop culture references, or niche interests often do well. Also, make sure to use relevant tags and descriptions to help your products get discovered. On top of that, sharing your Redbubble store on social media or your blog can bring in more visitors.
In the end, building a print-on-demand business with Redbubble is a great way to earn passive income while doing something creative. Yet, with unique designs and a little bit of marketing, you can grow your store and start seeing success over time.
Maximize Passive Income with Minimal Effort
Incidentally, finding new ways to earn money can be fun and exciting! One good idea is to use automatic investing. In other words, this means you can use special tools, like robo-advisors, to help you put your money into different types of investments without having to do a lot of work. In simplier terms, this way, your money can grow over time, and you don’t have to worry about checking it all the time.
Scorecard: Beginner-Friendly Investment Tools (Robo-Advisors)
Tool | Ease of Use (1-5) | Fees (1-5) | Investment Options (1-5) | Automated Features (1-5) | Customer Support (1-5) |
Betterment | 5 | 4 | 4 | 5 | 4 |
Wealthfront | 5 | 4 | 4 | 5 | 4 |
Acorns | 5 | 5 | 3 | 5 | 4 |
SoFi Invest | 4 | 4 | 5 | 4 | 4 |
Ellevest | 5 | 4 | 4 | 5 | 5 |
Fidelity Go | 5 | 5 | 4 | 4 | 4 |
Personal Capital | 5 | 3 | 5 | 3 | 5 |
M1 Finance | 4 | 4 | 5 | 4 | 3 |
Stash | 5 | 4 | 3 | 4 | 4 |
Another way to make money, for example, is through affiliate marketing. This is when you tell people about products or services that you really like. If someone buys something because of you, you can earn a little money! This lets you use your social media or online presence to make extra cash without needing to spend a lot of time on advertising. By using these ideas together, you can earn more money while still doing the things you enjoy every day! Meanwhile ,look for case studies of successful affiliate marketers to study.
Best JVZoo Software Affiliate Programs with High Commissions
You can check out the list of some of JVZoo’s bestselling software affiliate programs on the table chart below, along with their commission rates and cookie durations. Keep in mind that these details are based on the most common terms for these programs, but things like commission rates and cookie durations can change. So, it’s always a good idea to check the individual affiliate program pages for the most up-to-date information. with the right approach, affiliate marketing can help you start earning passive income without much effort.
Program | Product | Rate | Duration |
ClickMagick | Link Tracking & Optimization | 50% recurring | 60 days |
EasySketchPro | Whiteboard Animation Software | 50% one-time | 60 days |
TrafficWave | Email Marketing Automation | 50% recurring | 60 days |
Funnel Xpert | Funnel Builder & Marketing Tools | 50% one-time | 60 days |
Vidello | Video Hosting & Marketing | 50% recurring | 60 days |
Funnelytics | Funnel Mapping Software | 30% recurring | 60 days |
VideoMakerFX | Video Creation Software | 50% one-time | 60 days |
GetResponse | Email Marketing & Automation | Up to 33% recurring | 120 days |
Instapage | Landing Page Builder | 50% recurring | 30 days |
Designrr | eBook & Lead Magnet Creator | 50% one-time | 60 days |
Builderall | All-in-One Marketing Platform | 100% first payment, 30% recurring | 180 days |
Sendiio | Email, SMS, and Facebook Messenger Marketing | 50% recurring | 60 days |
SocialBee | Social Media Scheduling & Automation | 30% recurring | 60 days |
Autoresponder Madness | Email Marketing Software | 50% one-time | 60 days |
Automate Your Income for Freedom
Similarly, look for so called “lazy “ways to make money. Such as, finding ways to make money without working all the time can help you have more freedom and fun in your life. One important way to do this is by finding ways to earn money regularly that don’t take a lot of work. For example, you could buy a house and rent it out to people. That way, you get money every month without having to do much after you set it up.
Equally, another way is to create things like e-books or online classes. When you make these things, you can sell them again and again even after you are done creating them. Hence, what skill could you market to the public. Namely, what value can you offer to others that they would pay for. This means you can make money while you do other things you enjoy. Indeed, by using these smart ways to make money, you can have more time to focus on what you love instead of just worrying about money. To sum up, it should be fun and not stressful.
Explore Opportunities for Passive Income
For instance, have you considered the stock market? A great way to make money without working all the time is by buying stocks that pay dividends or investing in index funds. In fact, many people would be surprised at the number ways stocks can earn passive income.
Especially, now that we have predictive software that can help us. In deed, some trading firms don’t even charge a fee. When you invest in these companies, they share some of their profits with you. This means you can earn money just by keeping your investments for a long time. It helps you save money and gives you some safety because you can use the money you earn to buy things you need or save even more. More importantly, you can use your earnings to reinvest and buy more stocks.
First, another way to make money without too much work is through affiliate marketing. This means you can share products or services on your blog or social media. Next, when people buy something using your special links, you get paid a little bit of money. After you create your posts and people start looking at them, you can keep earning money without having to do a lot of extra work, especially if your posts stay useful for a long time. Then, using these money-making ideas can help you grow your savings while still enjoying your life! That is to say, promote products that you believe will help your readers.
Start Earning Passive Income Without Prior Experience
To start, why do want to earn passive income ? Next, is this something that won’t interfere with your responsibilities. Subsequently, you can find different ways to make money without needing special skills or a lot of experience. Notably, many online sites let people do fun tasks like answering surveys, doing small jobs, or selling things they make at home.
In the meantime, these activities can help you learn about selling things online and start making some money. As you try these things, you might find talents you didn’t know you had, which can lead to even better money-making ideas later. Furthermore, the many places like Udemy where you learn news skills for free.
Also, think about using what you already know or love to do by making things like eBooks, online classes, or printables. By sharing what you know, even if it seems simple, you can reach people who want to learn something new. At first, it doesn’t take much money to start, and once you set it up, it can keep making money without much work. Whether you enjoy cooking, gardening, or another hobby, your special ideas can connect with others and help you earn money.
Is Passive Income Doable?
In the end, while the idea of making $10,000 in just one month sounds great, it’s important to remember that it can take time and effort. Making money passively isn’t something that happens quickly; it often needs some hard work and sometimes a bit of money to start. In addition, Tik Tok may be fun but it is not a place to look for financial advice. In the first place, most of those gurus aren’t telling you the truth about how they earned. money. Moreover, most side hustles aren’t passive you must actively work to keep the income coming in. In contrast, earning royalties on music, books or art you created can be totally passive.
Due to social media, there is a false perception about the ease of earning passive income. Many Gen Y and Z millennials have dreams about becoming rich social media influencers. For this reason, they are foregoing college, staying at home with their parents in hopes of becoming famous through social media. Yes, the endorsements are lucrative but the market is saturated. As mentioned earlier, social media platforms have stolen the attention of the world. Companies can make products go viral without having big names attached to them.
As you look into different ways to earn, like investing, making digital products, or renting things out, remember that being steady and patient is really important. If you keep learning and trying new things, you can build a way to make money over time. So, take what you learn, stay excited, and keep going; you can be successful if you’re willing to work for it!