I love being a stay-at-home mommy and wife!!! But I don’t just sit around all day! I believe that if more believers educated themselves concerning multiple streams of income, we could do more for God’s Kingdom! Passive income is money that can be made while you are sleeping or out doing what God called you to do. You can also build passive income while at a full time job. If you feel led, during your free time, look into building a system that will work for you. Then, if God ever calls you out of your job, He could use that as a way to support you. Once you build the foundation for a strong passive income source, you just let it do it’s thing and you reap the benefits thereafter. So here are 7 different ways I make passive income from home!
1. My Online Business
I have a publishing business that I work from home like I mentioned earlier. The website is http://www.IAMIMAGE.com. The active part is the publishing process. After the books are published, the passive part kicks in because I get monthly royalty payments for all books published through my company.
2. My Books
Outside of my company and the authors I work with, I’ve written my own books: Before Saying “Yes” to the Ring, Young & Living for God, The One Revealed, and To The Promised Land. I still make income online from even my first book that I published three years ago!
3. Brand Deals & Promotions
I do business with brands that I support and believe in and I get paid to share their products! Not only that, but they give me their products for free! I can either do product reviews on my Youtube channel (The Roberts Tv) or on Instagram (@KarolyneRoberts). One of my favorite websites to find brand deals is famebit.com where you can sign up as a content creator!
4. Advertisements & Traffic
I use Google Adsense to place ads on my blogs and YouTube channels. I get paid for every advertisement that is watched or clicked!
5. Referrals & Affiliate Links
Almost every company I do business with has an affiliate program! An affiliate program is a program that you join in order to get money back for every customer you refer.
For example, if you need a good host for web design, I recommend Bluehost. You can click my affiliate link –>HERE<– to sign up and they will give me $65! Thank you in advance 😉 Lol
6. Online Webinars
I used to do online self-publishing webinars that people would pay for once and then it was over! Then months later, I would have to do it all over again and try to find new people. Now I have a paid youtube channel HERE were people can subscribe to at any time and pay a monthly or yearly subscription fee. I don’t have to keep promoting webinars or doing the same videos all over again because it’s all on that channel and the content just keeps building and building. On that channel I teach self-publishing, marketing, promotion–basically everything I know and you get a free 14-day trial!
7. My Paypal Business MasterCard
I love paying for stuff using my Paypal debit card. The good thing about it is, every month I get 1% cash back based off of what I spent. It really comes in handy and the cash back is sooo sweet. So If I spend $1,000 one month, I’ll get $10 back! It may not seem like a lot but sometimes it really is a sweet surprise!
The point of making passive income is not to be lazy or some “get rich scheme”. I choose to be strategic and build passive income streams NOW so that later I can have more and more time to spend with my family and invest in the things that really matter to me, such as living out my purpose!
I hope this post was helpful! Please let me know if you have different tips and ways that you make passive income! I would love to hear. : – )