How To Make Passive Income with $1000 (Ideas For 2020)

How To Make Passive Income with $1000

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Waking up to more money is incredibly addicting and today I'm discussing How To Make Passive Income With 00.

Now the FIRST method is probably the most common, itโ€™s also the most EASYโ€ฆand thatโ€™s using 00 to buy Dividend Stocks. Buying a dividend stock gives you small ownership in a large company. And in exchange for being a very, very, VERY small owner in the company - you get a tiny amount of their earnings, which is usually paid out every 4 months as a dividend. Here you are benefiting from almost guaranteed payouts but also hoping for the stock to increase in value as well.

Now the SECOND way to make passive income for 00 is an INDEX FUND.
An index fund is basically a collection of companies and stocks that you can buy into, so you own a small percentage of everything. This gives you an incredible amount of diversification and they donโ€™t cost a lot of money. Over time they've proven to be quite stable, consistent, and most index funds perform better than even professional hedge fund managers.

SPEAKING of real estateโ€ฆthe third way of making passive income with 00 is buying into a REIT. This stands for Real Estate Investment Trust. Think of a REIT as crowdfunding for expensive commercial and residential real estate. Real estate investment trusts basically pool money from investors, buy up properties within a certain category - like medical buildings, shopping centers, senior citizen centers, or residential apartment buildingsโ€ฆand then pay out a portion of their profit as a dividend. Here you make your money with dividends and appreciation of the properties. Your investment is generally less liquid but can have annual returns upwards of 12%.

Now those were some very simple ways you could start making some passive income with 00 that pretty much ANYONE can do, that take no work whatsoever, and are fairly safeโ€ฆbut if youโ€™re willing to put in some work, 00 IS enough to get started with a few other projects:

Now the fourth way to make passive income with 00 is with the help of a blog and affiliate marketing. By joining Amazon's affiliate program and promoting products you can begin to make some solid commissions with some categories paying upwards of 8-10%. With this strategy you use a blog to bring free traffic from Google to an article promoting these items. If you use content marketing and optimize your blog with common SEO practices you can easily rank a newer site on the first page of Google. Guaranteeing you traffic and sales.

The final method, which is what I personally used to generate over ,000 a month is dropshipping. With the help of Shopify and sites like Aliexpress I could buy products from wholesalers for a low price and sell them on my website for a higher retail price. You can use social media platforms like facebook and Instagram to run advertisements that drive traffic to your site and generate sales. Once you have a functioning site, profitable ads and a customer service / fulfillment system in place this method becomes completely passive and I constantly found myself waking up to hundreds if not thousands of dollars in sales.

I hope you enjoyed the video and I hope to see you next time.

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