Jessica Stansberry makes YouTube videos on being a rebel, “because normal is boring.” You’re preaching to the choir, girl. So whaddya got for us? What are your best passive income ideas for 2023? First, she lays some ground rules. You might have to start with active income to gain the extra time and flexible schedule and capital needed to pursue passive income. Nothing wrong with that. Also, most passive income streams are still gonna require some effort in the beginning.
Assuming you’re cool with all that, yeah, there’s nothing wrong with pursuing passive income. It’s been a game-changer in Jessica’s life; just to be able to do something once and then make money from it again and again, even when she’s asleep? There’s nothing like it. So with that said, here are her top three ways, anyone can do, starting now, to make some hands-free income. Not only that, but she believes each method can grow to ten K or more a month.
Cool, so her first passive income idea for 2023 is probably the easiest of the bunch. It’s affiliate marketing. Promoting other people’s products for a commission. You’d be surprised at how many affiliate programs are out there, Jessica says. From gurus selling courses to Apple and Amazon, and everything in between. You can just about recommend any product or service you can think of and get a small cut of the sales. And all you have to do is share your affiliate link, right?
Which you can do by blogging, by creating a YouTube channel or a TikTok, or running a Facebook ad, or talking to people on Reddit (if you’re sly about it and not spammy), or anything really. It’s simple, it’s free to start (if you don’t run ads), and it can definitely be passive once you figure out your traffic source. The downsides, of course, are that A) it’s super competitive and B) the payouts can be itty-bitty, so you’ll need lots of clicks to make the big bucks.
Jessica’s second suggestion for making passive income in 2023 is creating your own digital products. For example, back in the day, she created a digital planner (just like a physical planner, where you write in your schedule and goals and whatnot, only online), priced it at like twenty bucks, and sold thousands and thousands of them. To the point where she had to shut off the cha-ching! new sales notifications on her phone because it was so distracting. Not a bad problem to have, huh?
In the next twelve months she made more, passively, from those sales, than she did working her butt off at her corporate job. “Digital products are cheap to make and if you can sell them to a mass audience, you can make decent money,” Jessica says. “It wouldn’t take that much of an effort or that big of an audience to make five or ten thousand dollars a month with a digital product. Especially if it’s a good one, right? And unlike affiliate marketing, you keep a hundred percent of the sale.”
Last but not least, passive income recommendation number three is, online courses. Definitely the most complicated of the three, but also the most lucrative if you do a good job. You can team up with a bigger company like Udemy or Skillshare, and sell your course under their umbrella; or you can go it alone, host your course on a platform like Teachable or Kajabi, and keep all the money. Want something that’s a good blend of all three ideas, but with fewer moving parts than creating a course? Click below.
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