Dreams to Reality: Extra $497 Daily from Home
I want you to imagine waking up to an extra $497 in your bank account every single day, with very little ongoing work on your part, and all without leaving the comfort of your own home. Does that sound like a fantasy? It’s actually quite achievable! In this video, I’m going to uncover some secrets of creating passive income streams from home using tools that you probably already have at your disposal.
Five Pathways to Financial Freedom
I’m going to show you five different passive income streams. Now, to get a full-time income, you’re probably going to need to combine a couple of these things, but it can be truly residual income if you add them together.
Hidden Treasure in Your Garage
So income stream number one: Do you have a garage as Income Potential? A garage? I know I do, and for a lot of my life, I actually didn’t even use the garage for anything useful. Sometimes we’d park our car in there, but a lot of times it would either be empty or just full of a bunch of stuff that we didn’t really need.
Garage Rental Numbers Revealed
Did you know that you can actually rent out your garage? There’s this awesome site that I discovered called “Sto it,” and I just did a search here for Chicago, and you can see people renting out their garages for hundreds of dollars a month. We got $310 a month here, $330 a month, $350 a month, and I personally have a friend in Chicago that rents out his garage for $300 or so per month.
Better Than Traditional Landlording
And this is way better! I’ve been a landlord, and this is way more passive and way more low maintenance than renting out living space to people because there’s very little hassle, few demands, almost no utility cost. And I’ve seen a guy even on “Sto it” here that was renting out multiple garages as a main business model just because it was so low maintenance and the passive income was so great.
Parking Space Profits
But even if you just rent out just your one garage, you can see here that you can rent them out by the whole garage. You can even rent out individual parking spaces inside your garage. You can see this person right here is renting out just a concrete pad that they have in their backyard for $120 per month.
Spot Hero Opportunities
Now you may have heard of “Spot Hero,” which is a website that can help you find parking in big cities, but do you know if you scroll down to the bottom of “Spot Hero” “Rent My Parking Space,” you can actually rent out a parking space or a garage through “Spot Hero.” And as people are coming into town looking for places to park for the airport or whatever, your parking spot will show up on this site to be available for rent with very little ongoing work or maintenance on your part.
Space for Storage
Now passive income stream number two is actually quite similar to it. While we’re talking about renting out garages, did you know you could actually rent out your attic or your basement or a spare space in your house for people to rent just for self storage? And again, if you look in Chicago here, you can see we’ve got people renting out closets, bedrooms, basement, and you can see the kind of prices we’re talking about here. We got $268, $192 a month, $17 a month – extremely low maintenance compared to renting out, for example, AirBNB or something like that where you’re renting out for people to actually stay there.
Storage Space Success
When you’re using it for storage, the maintenance is so much less, and it’s much more of a passive income stream. And depending on the size of the space, look at this one: $5,000 per month just for storage! And if you want to try it out, it’s real simple. Just up here in the upper right click “Become a Host,” and you can see here you list your spaces, and then you start to get requests from people, and you can actually approve people or disapprove them depending on what you want.
Storage Safety Solutions
So you might be nervous like, “Hey, what if you know what do I do about strangers coming in my house?” and all those sorts of concerns, but you’ll be able to fully vet and approve someone before you have them coming in and out to store things.
Vending Machine Ventures
Passive income stream number three is vending. Now obviously, vending machines aren’t something that you probably already have in your house. This would require a little bit of an investment up front, but vending machines are a mostly passive income stream where the main work required is making sure that the products that you’re selling through the machine are fully stocked and getting the money out. What I would recommend you do is go on Facebook.
Finding Used Vending Machines Through Online Marketplaces
Marketplace or a site like “Craigslist,” like I’m showing right here, and buy a used vending machine. It’s some of the lowest-cost ways to do it. You can see here we’ve got some as low as $168. We’ve got $100 here, $125, all the way down here to $35.
Commission-Based Setup Strategy
The lowest-cost way to get started with this is if you can set up an agreement with whoever owns the space where your machine is, just to do a commission deal where you’re paying them a percentage of the profits or some kind of arrangement like that. That way, you don’t have to have any upfront costs out of your own pocket to like rent a space or anything like that.
Strategic Location Selection
The key to be successful with vending machines is really picking a good high-traffic location. But if you think about just the places that you spend a lot of time, whether it’s in schools or work or wherever, think about places where there’s a lot of traffic, a lot of foot traffic, and there is no vending machine there. Especially if it’s someplace where people are walking around and they tend to be hungry and they’re looking for a quick snack!
Google Maps Business Setup
All right, the fourth passive income stream is the Google Maps passive income stream, and this one obviously requires that you have a computer in order to set it up, but it’s very simple to set it up. I’ll show you how to do it right here, and before you click off of this, this isn’t the typical Google Maps side hustle where you go on Google Maps and try to find business that need help with their marketing or something like that.
Adding Missing Business Places
This is an autopilot business model that uses a Google Maps loophole to let you get paid on autopilot once you set it up. And the way you get set up, you click up here in the upper left and you click right here “Add a Missing Place,” and then you want to pick a niche here that is a phone-driven business.
Phone-Driven Business Selection
So in other words, you want to pick a niche where it’s a kind of a business where people normally would call in order to get a service rather than a business where you would walk into a physical store. Think of like electricians, roofers, plumbers, landscapers, businesses like that.
Business Category Setup Process
So I’m just going to pick “Electrician” and for the category I’m going to pick “Electrician,” and then you’re going to want to fill out the rest of this. I’m not going to fill out the whole thing here because I have other videos that go in a lot more depth about this, on “Claim This Business.”
Lead Generation Business Model
What’s going to happen then is you are going to show up on Google Maps when someone is looking for an electrician, for example. Now you might say, “What am I going to do then? I’m not an electrician!” What you’re going to actually do is you’re going to take the call, but instead of going out and doing that electrician service yourself, you’re going to turn around and call an actual electrician to go and perform the service.
Monetization Method
Then you become the middleman and you take a cut of that job, or you can even just charge the electrician for each call. This is a business model that works great – I’ve personally done it for many years. My own kids are even doing it, and it’s called “Lead Generation,” so you’re actually getting paid just to generate phone calls for these businesses.
Free Training Class Details
I have a free class on how to set this up so that the whole thing is autopilot. In other words, when the phone comes through, you don’t actually have to answer the phone yourself – it rings straight through to an electrician, for example, who takes the call, performs the service, and then pays you for that phone call.
Automated System Overview
We teach you how to set up everything so that the billing is on autopilot, the payments come in on autopilot, the phone calls are routed through on autopilot, everything is tracked, and there’s very little ongoing work once you get it all set up.
Business Implementation Guide
You saw how quickly it was for me to get the actual map pin set up like I’m showing on my screen, and it’s very little work, and then you start to show up as one of these pins for whatever business type you picked. And like I said before, you can do this for electricians, you can do it for roofers, you can do it for plumbers, you can do it for any kind of a service business, and they love to receive these phone calls and they will gladly pay you very well for them.
12-Year-Old’s Lead Generation Success Story
Where you can see how my own daughter set this whole thing up when she was very young, only 12 or 13. Now she’s already in college, and this lead generation business that she set up when she was only 12 or 13 has been generating income for her completely hands-off for years.
Passive Income with Minimal Effort
I shouldn’t say completely hands-off, there is a little bit of work involved which we teach you, but it’s very, very little. It’s mostly passive, and she completely forgets about her online business for weeks at a time, doesn’t even touch it, and continues to get that income coming in
$500 Per Stool Sample
And lastly, passive income stream number 5 is a really weird one that I almost hesitated to cover, but it is selling your poop. If you go right here to HumanMicrobes.org, you can get all the details on that. If you look, they have right here that you can get paid $500 per sample that you send in, and if you think about how much you poop and you do the numbers, you can see this all by itself might be able to add up to even more income than anything else I talked about in this article.
Stool Donor Application Process
All you need to do again is go to HumanMicrobes.org, scroll all the way down here, and click on this “Stool Donor Questionnaire.” Now I actually filled out the questionnaire myself, but I didn’t hear back from them, I think because I’m 48 years old. So they do prefer someone who’s a little bit younger than me that doesn’t have a Gray beard and all that. I’m not sure why that affects my poop, but I didn’t hear back from them when I filled it out.
Medical Benefits of Stool Donation
But it’s definitely worth it for you to take a few minutes and fill it out if that doesn’t gross you out too much. And what they do with these stool donations is that they actually use it for medical purposes to help do research for people that have issues with their stomach, and they even create medical products with it that can be used to help someone who has issues with their digestion.
Encouragement to Take Action
So not only can you get paid well, but you’re actually helping people with severe medical problems as well! So whether you pick that weird side hustle at the end or a combination of the other ones that I have talked about here,
Free Resources and Next Steps
And just like I promised, I’m actually going to link to a video of my daughter and her story creating a passive income stream with Google Maps so you can click on that. And also, if you’re interested in a free class that I have that goes into detail on the Google Maps lead generation income stream.