5 Passive Income Ideas to Make $10,000 Per Month in 2024 

Getting your creative business of the ground? Go Here: thefutur.com/accelerator Want to scale your creative business to the next level? Go Here: thefutur.com/pro-group

No click-baiting. Straight to the point. I am grateful to Chris for always providing these kind of videos for free.

Chris really nailed it with the passive income strategies, especially the part about leveraging digital products. For entrepreneurs looking to apply this, remember that creating evergreen content around your digital products can significantly boost passive sales, as it continues to attract and educate potential customers over time without additional effort.

Everyone starting a business needs to listen to this. I've been in business since 1992 and there is a lot of value in this video. Thanks Chris.

🎯 Key Takeaways for quick navigation: 00:00 💡 *Diversifying Income Sources* - Discusses the importance of having alternative income streams as a safety net in business. - Warns about the risks of relying on a single revenue source due to potential client loss, industry changes, or disruptive technologies. 02:03 📈 *Evaluating Business Growth and Decision Making* - Explores the decision-making process when an alternative business reaches substantial revenue. - Highlights the power of choice between focusing on new or existing business ventures. 02:30 💰 *Trading Time for Money vs. Money for More Money* - Discusses the common practice of trading time for money and introduces the concept of investing money to generate more money. - Examples include investing in stocks or real estate as means to grow wealth without direct labor. 06:01 🔄 *Reinvesting Surplus Money and Buying Back Time* - Focuses on making surplus money to buy back personal time, hiring others to perform tasks previously done by oneself. - Mentions practical steps and examples in a video business context, like hiring a video editor to save time and increase productivity. 08:37 💼 *Valuing Your Work vs. Standard Wage Jobs* - The discussion establishes the importance of pricing one's freelance work reasonably above standard retail or service jobs, like Starbucks, to ensure the work is financially worth the effort. - It emphasizes honesty in self-evaluation of earnings and the necessity to charge appropriately for one's services. 09:19 🎯 *Setting Financial Goals for Freelance Work* - Outlines the process of determining a daily earning goal that aligns with living expenses and ensuring freelance work meets or exceeds this goal. - Suggests setting clear financial targets for each project to justify the time and effort invested compared to conventional employment. 10:29 📊 *Market Rates and Outsourcing* - Provides an overview of average daily rates for professional editors in a specific market (Los Angeles) and uses this as a foundation to discuss outsourcing work. - Encourages the hiring of professionals to save personal time and increase productivity, using the spread between personal rates and market rates as a decision driver. 12:06 ⏳ *Buying Back Time with Money* - Explores the concept of using one's earnings to purchase time, essentially outsourcing tasks that one could do but might not be the best use of their time. - Highlights the critical shift from being a sole service provider to managing an agency model, focusing on delegating to competent professionals to leverage time more effectively. 13:41 🚀 *Transition from Freelancer to Entrepreneur* - Discusses the identity and mindset shift required for freelancers to evolve into business owners or agency operators. - Stresses the importance of moving from hands-on work to connecting buyers and makers, highlighting the role of an agency as a middleman that adds value by matching clients with service providers. 16:14 🌱 *Developing and Managing Talent for Growth* - Discusses the importance of identifying talented individuals and guiding them through mentorship and direct involvement in projects. - Highlights the process of gradually escalating responsibilities from shadowing to full-time employment, based on their performance and compatibility with the company's culture. 17:25 📈 *Promoting Leadership Within the Team* - Explains the strategy of appointing a team member to a leadership role to manage others, which is determined by their initiative, professionalism, and communication skills. - Focuses on maintaining a standard of quality and style through effective project management by newly appointed leaders. 18:20 🔄 *Identifying Essential Roles and Outsourcing* - Discusses specializing in key business functions such as lead generation, sales, and strategic planning while potentially outsourcing other roles. - Raises the possibility of shifting roles within the company so that those with production skills can focus on what they excel at, while someone else handles business operations. 19:43 🔍 *Evaluating the True Value in a Creative Service Business* - Addresses the reality that in service-oriented businesses, the true value lies in relationships rather than the brand or the company structure itself. - Illustrates this point through a story where a professional leaves a company, and the majority of clients follow, highlighting the importance of personal connections over corporate branding. 23:23 🛡️ *Safeguarding Business Interests* - Discusses the importance of protecting the business by implementing legal agreements such as non-disclosure, non-compete, and non-poaching clauses, especially when planning for staff to take on roles with significant client interaction. - Acknowledges the potential risks involved in this setup, including the possibility of losing clients if a key staff member leaves the company. 24:49 ⚖️ *Legal Challenges in Creative Businesses* - Discusses the difficulties and reliance on legal documents in maintaining client relations and safeguarding business interests when staff leaves. - Emphasizes the nature of creative businesses which are not primarily legal entities, hence the complexity in relying solely on non-solicitation clauses and the like. 25:30 🌐 *Building a Database of Freelancers* - Highlights the importance of building a diverse talent pool to ensure project needs are met, thus moving beyond reliance on a few individuals. - Suggests creating profiles for freelancers detailing their skills, cost, specialties, and availability for better project alignment. 26:42 📈 *Transitioning to a Product-Based Model* - Discusses the shift from a service-based model to creating a product or alternative income streams, such as content creation on RU-vid. - Encourages exploring passive income avenues and understanding the dynamics of online revenue generation through content views. 30:42 💸 *Exploring Affiliate Marketing* - Explores affiliate marketing as a lucrative alternative channel of revenue. - Details how affiliate commissions work, including cookie technology's role in tracking sales and earning potential from promoting products or services. 32:49 🚀 *Broadening Revenue Streams* - Introduces the concept of leveraging content creation beyond RU-vid to incorporate blogs for SEO and affiliate marketing purposes. - Emphasizes the strategy of using multi-platform content to drive audience engagement and generate income through various channels. 33:43 📈 *Leveraging SEO for Affiliate Marketing* - Discusses the effectiveness of consistent, quality SEO content for achieving high Google rankings. - Explains how this visibility can lead to increasing affiliate marketing earnings over time. 35:07 💡 *Maximizing Affiliate Marketing with Sponsorships* - Highlights a strategy to double-dip earnings by securing sponsorships in addition to affiliate marketing. - Encourages promoting only products you genuinely use and believe in to maintain consumer trust. 36:59 🌐 *Broadening Content Strategy Beyond RU-vid* - Explores enhancing SEO through diversifying content platforms, particularly focusing on websites and blogs. - Suggests using AI transcription services to efficiently convert video content to text for blogs, increasing accessibility and SEO performance. 38:37 🚀 *Building Relationships with Brands* - Discusses leveraging affiliate marketing success to establish direct partnerships with brands. - Suggests using proof of affiliate marketing success as leverage to secure sponsorship deals and potentially other collaborative opportunities. 39:20 💬 *Establishing Authority through Speaking Engagements* - Describes how solving business problems with creativity can lead to invitations to speak at events, establishing authority in your niche. - Introduces the 'stage effect' to explain how public speaking enhances personal brand attractiveness and leads to further professional opportunities. 42:15 🎓 *Leveraging Expertise for Consulting and Coaching* - Discusses how your expertise can solve problems for others, through one-on-one coaching or group sessions. - Introduces the concept that consulting typically commands a higher rate than coaching. 44:05 📚 *Documenting Insights for Authority and Product Creation* - Emphasizes the importance of documenting insights through writing, such as eBooks or white papers, to establish authority. - The process of documentation can lead to the creation of digital or physical products based on the documented expertise. 45:56 📈 *Product Creation and Offering Courses* - Highlights the transition from consulting to creating courses as a way to scale knowledge. - Courses can serve as a more affordable option for clients who cannot afford consulting rates, effectively packaging expertise. 48:00 🔄 *Utilizing Created Assets for Multiple Revenue Streams* - Discusses how every created asset, such as a document or tool, can act as a lead magnet and create multiple revenue streams. Made with HARPA AI

These 52 minutes flew by and opened my mind about income possibilities BIG time.

"God is a designer" Amen, how true it is!

I feel like Chris just drew out the entire business plan for The Futur. Thanks for the free info Mr. Do. You just earned a subscriber/Adsense ad viewer

I did this years ago and forgot about it since I wasn't serious about affiliate marketing, blog posting, and RU-vid content creation, yet I earned $10 today without even promoting my website, RU-vid, and the like. Time to get committed to this model; thanks, Futur!

you know its worth it when you can seat and watch a whole video ( not skip the ads ) and gain so much knowledge from the master himself

Want more Chris Do and trainings like this, join us inside: thefutur.com/pro

Futur got to be some of the best enterprise content available on youtube. Period. Combining great business knowledge and strategy that is broken down for anyone, all while presenting a nice elegant documentary educational style of video production and editing. Seriously stellar work on every video.

You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people, One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Anna Rounds Fay my FA.

I love the direction the futur is going on

Thank you The Futur 💫

Thank you so much Chris Do

As a mental health therapist, these videos help me so much. Helped me make the decisions I often struggled to make. Thank you!

Plethora of gold nuggets here. Thanks Chris!

Okay so im at 16:27 and Im staring at the agency plan I have on my wall and you're LITERALLY describing what I have planned once I have the capital to do so! It feels amazing to have a confirmation that I'm on the proper path! Love this!

bookmarked this and save it . If something bad happen tomorrow, at least we have good lecture and insight for rebuild our way . Thanks a lot @futur and especially you Chris . You`re the man !!!

Chris Do is the man!!!!

This is an entire blueprint from solopreneurship to business ownership succinctly presented in less than an hour. Lots of ideas are percolating now in my mind, I am inspired and fired up. Thank you!

Chris you guys are crushing it with all this content!!

This is an incredible espisode jam packed with high value contents. Thanks you Chris for sharing. Gonna rewatch it again!

100% facts I’ve been business since 95 and I’ve always said I’m in the business of selling myself first

I was worried this was going to be a super basic "investing 101" video at the start and then it turned into an absolute masterclass. Thank you for this video!

That was insane!! I’m not a creative but the income options and business strategies look pretty good.

Incredible insight and takeaways that can be immediately actioned upon. Thank you Chris 🙏

Outstanding value as usual!!

Really interesting story about the risk of hiring business leaders instead of creators, and how relationships are more powerful than brand in service-driven businesses. Super valuable insight

Thank you, Chris. Great content, I’m extremely grateful.

Honestly such an incredible coaching session! Can't wait to apply everything that I learned. Thanks, Chris!

This video just blew my mind!

I dig the style of your presentation! Remember being at a show at LA convention, and you present live the exact same way. Awesome to see the transition from Blind Studios to The futur over the years. Cheers from one fellow Viet to another!

SO valuable... Thank you brother 🙏🏻

This was great! Very informative!

Fantastic presentation. Doing this with a “Creatives” POV is unique and much needed. More please! 🎉🎉🎉

THIS IS THE FUTUR. Always a insightful session from Chris. LET'S GO.

Came across your materials recently, have been close to online marketing for a long time. Thank you for your enthusiasm and helping me revisit many ideas.

One of the best videos to start up

thank you for the time stamp 12:50 .. exactly what i needed to hear!!!!

Gold, just gold. I have several of these in place and in the pipeline after this video, I am definitely doubling down. Thank you Chris!

Fantastic info. Thank you!!

Not to throw a monkey wrench into your plans but too often many small businesses promote the best worker to management and they fail. You have to realize that management and being a rockstar worker are completely different skillsets. This can easily become an issue with resentment and falling productivity for the group.

What an amazing video! So much value! Thank you, Chris.

I clicked on this video because of the title and got waaaaaaay more in value. This incredibly good.

This whole video made me make my own illustration of passive income from Chris’s white board. but just to keep things simple, in order to buy more time it would be better to slip “connections” in the equation aswell, in order to leverage your business and get dat extra time, when you grow you need skilled people who you can trust to deal your issues and also they can trust you so that way there would be a win-win. I’m still learning alot from you and other finance/business channels so thank you🙏🙏🙏

Wallahi this is pure gold.

2008 gash hit - I went out & lived on a Driving Range to learn golf... Met many professionals who like my golf game but also (Hate me for it)... But there is still real respect for the game & they have an odd solid about how I go about it... In SoCal - So we a lot of courses - 15 Years later & still crushing golf now with MX SuperCross Professionals...(I'm just building a brand now) :) Thank You for all you produce for the world... (TheFutur !!!!) - We shudder in awe about how to change the world...

Something I like about Chris Do is that he teach us and show that a designer can also have sales skills and not just do design. Making it possible to increase how much we can get for our services and products. Sadly in my country, Portugal, Design isn't seen as something serious ike enginnering. Getting a decent job and salary in this field is very hard for now. Hopefully it will change.

Love your videos, so much value

Chris, this is awesome. Love the view of the guys at the desk, feels like a bank heist planning scene haha

Thank you so much for what you have shared it's amazing, speechless.

Love the content!!! So grateful to put it together & make it available to us!

Waw always value. It is really pleasure to reading you vidéo because you take the times to explain more and well. Iam francophone but i try my best to liseen it on english. I like it.

Hey Chris, Have me hooked from a few videos I've come across on uTube. My mindset is shifting for certain (SA, Durban) Thank you for keeping “real” in this crazy world. God knows our journeys for certain.

Thank you sooo muchhh

Amazing.. learning is effortless when presented by the right teacher.. i subscribed immediately🙏

Awesome information.

Goodness DOPE USEful Amazing info TY 💯💯🦈

This is an unreal amount of quality valuable information. And so clear too. Thank you!

Subscribed, liked and commented. Your Video offers a lot of value and I appreciate very much your work. Thank you!

amazing video very helpful 👍🙏

Great content Chris

thx for the content - it helps me to get better as a maker

I love these sessions!! ❤ So much to take away from this and so fun too. Learning tons.

Second time listening to this. Time for notes!

Mountains of value, as always. Thank you so much, Chris. 💙

I love this!!!! I wish I heard this back in 2019/2020 when I took my Trucking company independent! Great info! New subbie! Thanks so much

Watched 14 minutes of it , and I’m into that. Gonna restart it with my wife .

Chris Do making us smarter again!!!!!! Love his content so much

You're giving the high quality content straight to the facts. This have helped me wrap my thoughts around a lot of info I've been consuming and executing. Now I'm able to discern better from different perspectives and I found yours straight to the core.

On the real bro. Your the man with this info. God bless.

Great session and looking forward to DOCUMENTING and putting myself in the hotseat soon!

Great work as always bro

Can’t wait for future me to reference what this video has done for my career 📓

I also want to thank you for your high value content. I find myself watching so many of your videos because you are consistent in bringing value and you seem to come from a very beautiful place of serving.

Thank you Chris, I’m an agency owner and this is a great reminder !

Incredibly valuable content. Thank you!

Great video!

I need to watch this a few more times. Thank you for the value!

perfect timing for my late-night lunch.

Hey Chris, your information is always super valuable. Thank you very much for all the effort you put in to put this info out into the world!

i was supposed to be binge watching movies right now and now i see how this time turned out to be more than 2hrs of watching and trying to not down. Thank you Chris and team

woah, I have learned so much from this. Thank you Chris for putting some real values out there. It will be a total waste if I don't apply these techniques. Currently, I'm a solopreneur and have been stopping myself from taking the path of being an Entrepreneur because of that risk factor. But now I think and feel I can.

Wow, this is so cogent. What an amazing flow from basics to high level productivity thinking. What a master class. I will definitely be rewatching over morning coffee tomorrow!!!

Absolutely brilliant session, Chris! Was glued from start to finish. Need to now focus on executing this in my business. Thank you!

Love you! You are my designer coach!!! ❤

Another great one, commenting to show support!

Please tell which video of yours i need to see for online lead generation for an offline business 😊😊

To me passive income meets the legal standard of both unearned income and not substantional gainful activity under the law.

Let’s see how to make this work in South America, already thinking of some ideas after watching your videos

I'm not sure if I like business (hopefully I do because I want to make a lot of money) but I think this is very interesting.

The concept of building a company that generates revenue for you, independent of the day-to-day grind, is like planting seeds for a financial garden.

Finally, someone explained the whole creator economy and one person business models in an easy and digestible way! Thank you as always Chris and the Futur!

Sometimes I just feel like I know nothing after watching these videos. I am in my 50s - and want to know how you learned most of know your knowledge? Without saying "all of it", where did you learn so much, books, working experience, school? Thanks!

With the end of non-compete agreements, confidentiality agreements should be added to the list.

Chris, this is gold! It's amazing how creative you can be with your bizz when you zoom out and see the bigger picture. And then you can zoom in on each part to find patterns, and create processes and templates to make them automatic or semi-automatic (guess my engineering degree wasn't a waste of time 😂) Thank you!

The amount of value in this video is insane. Appreciate this man

After watching this video I feel like I owe Chris money!? Dis is sooo dope!!