Author: Dmensionedwellness

Hundreds of people are talking about how they “make six-figure passive income dropshipping products online.” Some are selling a few high-ticket items every month, others are selling hundreds of low-ticket items. However, how much you actually make depends on profit margins and expenses, which are often overlooked.Can you make passive income dropshipping? You can make passive income by dropshipping by selecting target market and niche you are interested in, carrying out adapted product selection and market research, finding a supplier and building an online store, building a value based niche site and marketing strategy to generate targeted traffic.Here is what…

Teaching is one of the most noble professions but teachers do not earn as well as most other professionals. For example, in the US, teachers only earn $39,000/year at a starting salary and about $67,000/year near the end of their careers (source). Therefore, having a passive income source as a teacher can be very beneficial to supplement income and prepare for retirement.How can teachers earn passive income? There are numerous passive income ideas for teachers. Some passive income ideas for teachers include blogging, podcasting, creating niche sites, chatbots, selling eBooks, affiliate marketing among others.In this post, we look at 8…

Although the art industry is a multi-billion dollar industry (source), rising the ranks to become a well-paid professional takes a lot of time. However, a disruption in the industry from technology has made it possible for artists to earn an income in new ways that can be made much more passive.Can you make a passive income as an artist? Artists can make passive income by selling their own artwork, as well as by benefitting from newer passive income opportunities for artists such as blogging, affiliate marketing, print-on-demand, YouTube, eCommerce, and 3D Printing.In this guide, we look at some of the…

According to Forbes, over 44.7 million college students owe more than $1.56 trillion in student loans. As a student, earning extra money can help improve your school life and allow you to live more comfortably. Your level of education does not matter. There are ways you can earn a passive income doing something you are passionate or knowledgeable about.How can you earn passive income as a student? Students can earn passive income online or offline in a variety of ways from blogging, YouTubing, gaming, building chatbots, renting their things, eCommerce, charging scooters (Lime), selling eBooks, affiliate marketing and more. Building passive…

Although it is still a new concept to many, 3D printing popularity is growing fast and offering numerous moneymaking opportunities. According to Deloitte, sales related to 3D printing will top US$3 billion in 2020. The industry is expected to surpass 35 billion by 2024 (source) making it a lucrative income opportunity for the future.Can you make money 3D printing? You can make money 3D Printing even if you are a beginner. Some ways you can make money 3D printing include selling 3D printed objects, leasing your 3D printer, offering 3D printing training, or creating 3D printed models. You do not have…

In this article, we will look at the different types of passive income streams and how you can earn income from them.What are Passive Income Streams? Passive income streams are sources of income that enable a person to make a regular, sustainable revenue without having to trade time for money. Although the income you earn is passive, it takes time, money, effort and skill to initially build, and then run a passive income stream to keep it profitable.Want more? Check out our 58 passive income ideas on our site!Whether you choose to buy existing streams (learn more in our guide…

One day I was thinking about the various ways that someone can achieve financial independence, and one method that stood out to me is the idea of passive income. Passive income is often the subject of great debate in personal finance. Some people love it and some people hate it, but I believe passive income is a viable way to reach financial independence.So, how do you achieve financial independence with passive income? Financial independence can be achieved through passive income when the amount of monthly passive income is enough to meet your monthly spending requirements.The less you need to spend…

Nowadays, more people around the world are realizing the importance of wellness, and in the US for example, there were over 20,000 spa locations as of 2018 with over 190 million yearly visitors (source). Despite the boom, massage therapists still earn some of the lowest salaries. According to the U.S. Bureau of Labor Statistics (BLS), on average, massage therapists earn $41,000 per year, so having multiple passive income streams can supplement your income as a massage therapist, and help you prepare for retirement.Can massage therapists earn passive income? There are numerous passive income-earning opportunities for massage therapists. Some streams include…

With the global cost of living rising at the fastest rate in the last decade (source), having multiple income streams can be very beneficial. There are many ways you can earn a passive income doing something you are passionate or knowledgeable about. Better yet, you can combine two or more passive income ideas to create multiple streams and make more money.Can you create multiple streams of passive income? Yes, you can create multiple streams of passive income by combining different passive income ideas. Online, you could combine affiliate marketing, blogging, YouTube, and Ad placement, and monetized chatbots. If you were…

Although legal practice is a lucrative and noble profession, you can invest in other ideas to supplement your income. Some lawyers (including myself) have turned to income streams that are passive and that can earn money without requiring much effort.For example, since completing law school, I realized I could not make the amount of money I wanted from legal practice alone. So I started a blog that offers freelance writing and copywriting services to clients around the world. Other fulltime lawyers like Kevin Ha, run a blog and have many side hustles under their belt that help them earn a passive income.…