for the past seven years I've been consistently earning about fifty eight hundred dollars per day in passive income from seven different side hustles and the truth is literally anyone can do what I've been able to do it's not rocket science however it does take quite a bit of work to set up each stream and it can take a while for you to start generating income but once you gain momentum you'll make money while you sleep in today's video I'll walk you through seven different side hustles that I personally run to earn over fifty eight hundred dollars per day in passive income and with each of these hot hustles I'm also going to tell you how much upfront work is actually needed to start earning money with the idea how difficult it is to actually maintain the passive income stream once you've started it and how long it took me to establish the income stream to make at least a hundred dollars a month what's up everyone my name is Steve Chu and I run two seven figure businesses over at bumblebee linens. com selling handkerchiefs and my blog over at mywivequarterjob. com I'm also the author of The Wall Street Journal bestselling book The Family First entrepreneur which teaches you how to achieve Financial Freedom without sacrificing your lifestyle now first off I need you to understand that your day job is never going to make you life-changing money if you want to Achieve Financial Freedom and have the ability to work less and live more you need to have some sort of side hustle earning you money while you sleep now it doesn't mean that you're not doing any work to make your money but that you aren't trading your time for money in other words your earnings are not limited by the number of hours in a day all of these side hustles I'm going to discuss today have varying degrees of difficulty and will take varying lengths of time to nurture and cultivate until they start making money now the first side hustle that I ever started was my online store over at bumblebee linens.
com now back in 2007 my wife and I started this business so that my wife could stay at home with our newborn child and within one year we managed to make over a hundred thousand dollars in profit selling handkerchiefs of all things pretty random right well we started this store many years ago and today it is a seven figure business we now own our own Warehouse with employees and it's extremely profitable so the first hot hustle I'm going to teach you about in-depth is e-commerce or selling physical products online now the beauty of selling physical products online is that you can have a computer do most of the heavy lifting for you and take orders 24 7. all you have to do is find a product to sell and understand how to drive traffic to your product listings now when most of you think about selling physical products online you're probably afraid of the idea of carrying inventory and manually fulfilling orders but today you can sell physical products online without ever having to touch any inventory at all for example Drp Shipping is a business model where you take orders on your online store and your supplier ships the order to the End customer you can also sell an Amazon FBA where you send your products to an Amazon fulfillment center and Amazon takes care of storage shipping and customer service and then finally you can use a 3pl 3pl stands for third-party Logistics and it's basically a fulfillment center that stores and ships your products for you by the way if you're interested in starting your own eCommerce store sign up for my free six day e-commerce mini course below now as I mentioned earlier my wife and I started our handkerchief eCommerce store and grew it to a hundred thousand dollars in profit in just one year and it's grown in the double and triple digits ever since now you're probably wondering how much upfront work is needed to start a store and how long does it take to make money now over the years I've taught over 5 000 students in my course and I've had students make significant money within three months but realistically you should expect to stick with it for at least one year 59 of my students make at least four figures per month after one year and 10 of these students go on to make over fifty thousand dollars per month the beauty of this business model is that once you have your products and suppliers in place it's actually quite straightforward to maintain and run especially if you use Amazon FBA now my next title is the YouTube channel that you are currently watching right now YouTube ads generates me almost a thousand dollars per day in ad revenue and this money is literally 100 passive YouTube arranges all the ads for me and I just collect checks at the end of every month now how much money is actually needed to start a YouTube channel well basically you just need your smartphone a decent microphone and basic editing software in fact that's all I started this Channel with about three and a half years ago and since then I've upgraded my equipment over the years and just in case you are curious I shoot video with a Sony A7 and use a rode Wireless go microphone I edit the videos with Camtasia and Adobe Premiere now the key to making passive income with YouTube is consistency three and a half years ago I told myself that I was going to publish one video per week for at least three years without missing a video and at first I edited all my own videos myself but once I started making a little bit of money I hired a full-time video editor and today it literally takes me 30 minutes to film a video because I have a pretty efficient system in place I basically walk into my office put my notes on the teleprompter flip on the camera and start filming and then I just throw the video overboard to my editor and that's it and similar to my Ecommerce store once you start making money it's really easy to maintain once you've built up an audience now the only downside to making passive income with YouTube is that it takes forever to make money this channel didn't start making a couple hundred dollars a month until well over one year and it didn't start making five figures per month until after three years if you're going to start a YouTube channel make sure you commit to it for at least three years my next side hustle is my blog over at mywifequitterjob. com now the income from my blog can be broken down into three separate income streams which I'll describe right now first one is affiliate Revenue by running blog posts that review my favorite software tools and products I get a cut of every sale that I generate for example my blog post on Shopify versus Bigcommerce generates me income anytime someone clicks on a link in the post and signs up for either Shopify or Bigcommerce now the tricky part about affiliate income is that you have to learn how to generate traffic to your blog post and then learn how to rank in Google search similar to starting a YouTube channel starting a blog is a major slog I literally did not make more than a couple hundred bucks until about the two year mark and I made my first one hundred thousand dollars after three years but the good news is that the revenue hockey sticks quickly once you gain momentum today my blog generates several hundred thousand dollars a year in affiliate Revenue alone and the key is understanding what people are searching for and putting out great content that answers their questions now the second way my blog makes money is through display ads I use a service called mediavine to find in broker ads for my blog and they take a 25 cut of the revenue basically all I have to do is insert a special piece of code on my site and mediavine takes care of showing the ads on my posts right now mediavine is generating me roughly 7 500 a month in passive income and I literally don't have to do any work except publish posts that generate traffic some of my posts that I wrote 10 years ago still make me money today now the final way my blog makes money is by generating sales for my online courses and right now I teach two courses the first one is called profitable online store where I teach people how to start their own e-commerce stores and basically this course teaches you everything that I do to make money with my store over at Bumblebee linens.
com my other course is called profitable audience which teaches you how to make passive income with blogging YouTube and podcasting now the way I run my courses is different from other courses on the internet because I treat people how I like to be treated both of my courses offer lifetime access for a single fee there are no hidden upsells or recurring fees because I personally hate getting nickel and dimed and I go above and beyond for the students in my class you can listen to several full-length podcasts with some of my six and seven figure students on my podcast which is the perfect segue to my next side hustle which is my podcast the my wife quitter job podcast is a top 25 show in all of Apple podcasts in the marketing category in fact last week when I checked I was number nine but I generally hover within the top 25.
