How Earn money online $100 a day
In the last five months, I've made $8,801.85 doing absolutely nothing. Here's how I did it. Okay, that's how I wish it happened, but I actually earned that money through YouTube. Let's talk more about that. So follow the article with us to the end.
Earn money online $100 a day
If you've been following my YouTube channel, you know that I also have an Etsy shop that brings in much more revenue than this. And I really can't explain it, but this YouTube revenue is just way more rewarding for me. I think it could be because this YouTube thing is just so out of my comfort zone that I'm just really proud of myself for convincing myself to do it.
Like, if you know me in real life, I'm really not the person that would be doing YouTube at all. Like, back in school, I wasn't one of those kids that was in drama class or the class clown. I was the shy kid at the back of the class not saying much.
So, yeah, consider starting a YouTube channel even if you never thought it before or if you don't think you're the type of person to. Maybe you can have some fun making a couple good videos and bring in some money as well.
What is Passive Income?
So the reason I'm sharing this was because when I posted my last video about how I thought YouTube was a passive income source, a lot of people were saying how it was not passive at all. They're saying it was really hard to make videos, you can never stop if you wanted to and it just wasn't really passive.
And I think what's happening is that the term passive income has become more and mainstream over the last few years and there's some misconceptions about what it actually means. It's not a get rich quick scheme and you can't just turn on a switch and get free money. It's about disconnecting your inputs and outputs, which I admit really doesn't have anything to do with the word passive at all.
So maybe a better word for it would be scalable income instead of passive income, because that's what people are really talking about when they're talking about passive income.
So before I get more into detail about what passive income is and how to get it, let's talk a little bit about regular income. Most people have this, and this is just income that you get for being paid for your time.
With regular income, one hour of work equals one hour of pay. And you can see how this is not scalable at all. Because if you want to increase your income, you have two options. One is to increase the amount of hours you work, or two is to increase the amount you get paid per hour.
With option one, there's only 24 hours in a day, so unless you want to die from exhaustion, you can only really work a fraction of them. So for most people, increasing the amount of hours you work is really not feasible. With option two, and increasing the amount you get paid per hour, that's actually a really valid strategy, and it's one I recommend.
If you actually like your job, the problem that arises is that if you hate your job already and you're stressed out all the time about your work, a lot of the times, trying to move higher up in your company and going for promotions leads to even more stress and hating your job even more.
And when you don't like your job and you're spending so much time at work, you really have to ask yourself whether the increased salary is really worth the increased unhappiness that might come along with it.
But again, this really only applies if you dislike your job in the first place. If you're happy with what you do and you're happy with the company that you work for, trying to move up and trying to get paid more per hour is a really solid strategy. So let's move on to what passive income is. Using YouTube as an example.
On average, one YouTube video takes me about 10 to 15 hours to make. 10 to 15 hours includes all the planning, the filming, and the editing that I do. But the thing that separates this from regular income is that what I earn isn't based on how much hours I put into it.
Once a video is made and published, how much I earn depends on how many people like the video and how many people watch it. And if your audience is large enough and enough people like your content, you'll continue to earn money from it long after you made it.
Remember, I haven't made a video for over five months and I've earned over $8,000 on it. If you have a larger audience than me, that amount of money could be even crazier.
But before you go off and try to start your own passive income source right now, I want to talk about some misconceptions that people still have about the topic.
And again, I think it's because of the word passive is used when it probably should be something like scalable.
The misconceptions about the Passive Income
Misconception 1: You Don't Have To Do Any Work
In reality, passive income takes a huge amount of work up front to get started. You have to remember that I was making YouTube videos semi consistently for almost a year until I made a single dollar off of it. And honestly, it was really hard to do because you kind of have to put your ego a side.
In those early days, I was putting the same 10 to 15 hours into making a video, but it was only getting like 13 views. So not only is the work in itself hard to do at the very beginning, it's hard on you mentally as well, because in the beginning it's likely that you're not going to be making much money and you're going to have to force yourself to stay dedicated. And that's really hard too.
Misconception 2: It Means Getting Something For Nothing
I say this all the time and it seems like it doesn't stick with people, so I don't think I'm going to stop saying it anytime soon. But money is just an exchange of value. And if you want to earn money, you have to be creating value in some way.
When you're creating something, whether it's a product or a piece of content, you have to think about your audience or your customers first. How is the thing you're creating bringing them value? Is it entertaining them? Is it teaching them something they want to know? Or is it helping them in some way? These are questions that you need to ask yourself when you're trying to provide value to somebody. There's really no such thing as free money, and you have to provide value if you want to earn it.
Misconception 3: You Can Build It Quickly
Today you can get anything you want delivered to your doorstep in one day, and you can stream anything you want to watch with the click of a button instantly. It's really no surprise that people are obsessed with getting things as quickly as possible.
In fact, if you're watching my videos, you might be getting ads where people are promising that you can make hundreds of thousands of dollars in like a few months just by purchasing a course or something like that. These are probably all scams because at least in my experience, building these types of income streams takes a really long time.
I'm going to bring up example of MrBeast on YouTube because people talk about him all the time. Everyone says his life is super amazing. He's just going around making fun videos with all of his friends and he's making millions of dollars doing it.
When people hear about success stories like this, they often leave out the part where that person has been working really hard for a really long time. Everyone is so focused on how great his life is now, but he's been grinding, making videos every week for 10 years. And it's really a common theme for people who manage to get successful.
Of course there's outliers and overnight successes, but the vast majority of people who get some kind of financial success have been working really hard consistently for a long time.
Success doesn't happen overnight, and it helps to remember that because there are times you might be disappointed when your results aren't coming as fast as you want.
Misconception 3: You Need Tons of Money to Start
Obviously, there's exceptions to this. If your dream is to be a tech reviewer or luxury good reviewer, you're going to need some money up front to buy things to review for your channel. But with a channel like mine and a lot of others on YouTube, Instagram or TikTok, all you really need is your phone.
And really, phone cameras these days are really good. I'm using a fancy camera now, but this is not something I bought to get my YouTube started. This is a camera that I already had. Just because photography is a hobby of mine. I didn't wait to buy it to start my YouTube or anything.
But yeah, you really don't need that much money to get started. Even with something like my ETSY shop, which I consider semi passive because after I have all my designs done, I feel like the machines are doing most of the work for me.
That shop shop I got started with only four to five hundred dollars. I bought a desktop printer, a sticker machine, and some sticker paper, and it's grown into something I consider a real business now. It's brought in some really good money for me and my family, and it's safe to say that that small investment from the very beginning was worth it.
But isn't it all Luck?
Whenever I recommend to people to start a side business and try to earn some passive income, one of the responses that I always get is that it's really hard to become successful. They tell me that so many people try and so few people succeed and that you really have to be lucky to be successful. And while all of that is true, it really helps if you redefine your definition of success.
You don't have to make so much money to the point where you can quit your job and live on a beach for the rest of your days to be successful. Sometimes it helps to dream smaller if it helps you get started.
Making a few thousand dollars doing something on the side that you enjoy, earning some extra money so you can take your family on a vacation that you wouldn't be able to afford otherwise. Like that's success too.
I already consider my YouTube channel a success. YouTube could delete my channel tomorrow and I could not make another dollar off of this channel, but it wouldn't change anything. I made an extra $15,000 that I wouldn't have had if I didn't start this channel. And I get messages from people all the time telling me that I really help them with their shops or I've given them inspiration to start their own business. That's success, too.
And in a way, it means a lot more to get those messages than the money that I've made. And it could be a success, even if it's just a temporary thing. Like, if you start something, that doesn't mean you have to do it for the rest of your life. It can be something that you just try out, and if you like it, you can keep going, and if you don't, you can stop.
But yeah, I do admit that no matter how you define success, there will always be an element of luck, no matter what you do. But the only way that you can get lucky is to create stuff and put it out in the world, you have to at least try.
The people who get lucky and make hundreds of thousands of dollars on a business they started or a YouTube channel they started like they didn't get there by coming home after work and sitting on the couch and watching Netflix. They had a willingness to try something new and because they did that, like, they were able to be lucky.
Maybe when I started my sticker shop, none of my products hit it off and I didn't make any sales. Or maybe I never made that YouTube video that blew up my channel like it did. Success itself is never guaranteed, but if you never try, you're guaranteed to get nothing.
But, yeah, that's it for the today article. I hope you found it useful. If you like this one, you might like the article I made sharing my revenue numbers from my sticker shop on Etsy. I'll link it up right over here. Thanks so much for reading, take care of yourselves and I'll see you in the next one.