Leveraged income is probably one of the best incomes you can have. You essential create something once and get paid for it multiple times! Guys, this is how you can end up generating what Dan Lok calls F.U. money. This type of passive income is what’s going to set you free. Here are 5 ways you can earn leveraged income.
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There are 3 Types of Income
There are three main types of income, all of which require different resources in order to move them.
- Linear Income – The first is linear income, which is the type of income most people have. It’s where the resource you trade for money is your time. This is your typical 9-5 job, freelance, etc.
- Passive Income – Passive income is money generated through investments. This can be income from a high interest CD or savings account. It can also be in the form of dividends paid out from shares of stocks. Passive income may also be generated from rental income if you own property. The resource required for this type of income is capital.
- Leveraged Income – And finally, there’s leveraged income. Enough leveraged income and you no longer have to rely on linear income to pay your bills. Leveraged income is earned by creating something once and getting paid continuously for it. You’ll need an audience in order to make the most out of this type of income.
If your goal is to become wealthy, you need to get rid of your linear income. This income is holding you back more than you know. Why work 8 hours for someone else when you can use 8 hours of your day to work on growing your own business.
How can I escape my 9-5 job?
Escaping your 9-5 is going to require a lot of work on your part but it is certainly possible. You’ll need to pick up a side hustle while you’re employed. You can also choose to start your own business or follow an art project.
Once you’ve chosen what you’d like to pursue, work on this idea every day after work.
When I learned that Elon Musk and Steve Jobs all had the same hours in a day as I do, I really started using my time wisely.
Figure out how to earn money outside of your job so you’re not 100% dependent on your linear income.
Start setting yourself up for passive income
One way I started was by setting myself up for passive income. I then downloaded the app Mint by Intuit to track my net worth. It gradually went from $6K to $10K and so on.
I began putting money in stocks and in a high yield savings account where my money would do something. Rather than have it collect dust I figured I’d put it to use.
When I saw returns I let go of fear that was holding me stuck to the 9-5. If you aren’t investing in the stock market yet click on the investing tab at the top of the page or bookmark the post here.
I share my personal stock picks over at the Patreon. If you join, you’ll get access to updates when I sell or buy a specific stock.
Once you’ve begun to earn some money from passive income look towards creating an asset that can provide you with leverage income. There are many ways you can do this.
Leverage Income Ideas
Now that you have a better understanding of the 3 main types of income, here are 5 great ways you can start to earn leveraged income.
#1. Publish a Book
If you love to write, publishing a book can be a great way for you to plant a seed for the future. Publishing a book has never been easier.
By writing a book or an e-book in my case, you can put out in the market and receive earning from every person who purchases it.
I wrote my e-book “Reaching The $10K Mark” before really knowing that this was a form of leverage income.
I wanted to write a piece of content that would allow me to connect with my readers. This e-book is about the struggles in sales.
In this story, I break down how I started in my sales career and set goals only to fail countless times over. But I never gave up. This inspiring e-book resonates with anyone who knows what it feels like to get pushed ashore by constant hitting waves.
Whether you publish a book or an eBook for that matter, you can earn leveraged income from royalties every time someone purchases your book. If you love to write, consider joining a community of writers who share your enthusiasm and passion. Network with them and begin to build a following based on your thoughts, expertise, and creativity.
Where can I publish an e-book?
You can self-publish your own e-book through Amazons KDP program.
Here you can upload your PDF format book and very own cover. It’s super easy to manage. You can check how many people have purchased your book and even how many people enrolled in Amazon’s Kindle Unlimited have read your pages.
You can find “How To Reach The $10K Mark: How Perseverance Overrides Adversity” on Amazon here.
Do I get paid if people read my pages but don’t buy my book?
Yup! Amazon pays its authors when their Amazon Kindle Unlimited members read up to a certain amount of pages. So even if your book isn’t selling, you still have an opportunity to earn money from members reading your book online.
Writing my own e-book has been an amazing part of my journey. I wanted to provide my readers with real in-depth and honest value.
Reaching The $10K Mark is a book about never giving up. If you’re in the mood for a short story that will spark a wince of inspiration I suggest you check it out.
#2. Monetize YouTube Content
Another way you can earn leverage income is by creating content on YouTube. YouTube has allowed many people to monetize their videos with advertisement.
Here’s a perfect example of doing the work once and getting paid multiple times for it. A YouTube video can earn you money for many many years.
That’s because people are always finding new videos to watch. By placing ads on your videos, you will get paid as long as people continue to view your content no matter how long it’s been since you uploaded it.
How can I put ads on my videos?
YouTube is a great platform to earn leveraged income due to how massive your reach can potentially be. The requirements to monetize your YouTube content is that you earn 1,000 subscribers and generate at least 4,000 hours of watch time.
The key to reaching the requirements simply depends on the quality of your videos and how consistently you upload to your channel.
Once your videos are displaying ads you essentially begin to generate an income no matter where you are in the world. What you’ve done is created a video, and that video now pays you every time someone watches or clicks the ads.
This ladies and gentlemen, is the power of leveraged income. It’s the reason why so many YouTubers are making a living from their videos.
Users are making money from all type of videos including:
- DIY Tutorials
- Personal finance
- Unboxing and Reviewing
- Grooming and Beauty
- Cars and Tech
YouTube is a platform I eventually want to personally work more on. It’s a great place to share content and provide further value using animation or video.
Is it free to create a YouTube channel?
Yes. It’s absolutely free to create your own YouTube channel. You can upload as many videos as you want, too.
While my primary focus at the moment is to continue growing my blog, I’m eventually going to push content out on YouTube and grow the community.
Subscribe here to be some of our first and early subscribers!
If you have a channel leave a comment below and we’ll subscribe back!
#3. Leverage Blog Views
There are a variety of ways to earn money from blogging with ads being the most popular. You start to earn leveraged income when your blog posts are displaying ads. Every post you publish has the potential to make a considerable amount of money depending on how big your audience is.
Learn how to start a blog here.
Just like publishing a book, you only have to write a blog post once for it to rank and reach a massive audience. Now, this is not saying you don’t have to publish consistently. If that were the case, you wouldn’t even be eligible to monetize in the first place.
Blogging is on this list due to the possibility of writing a post and earning money for only writing on that topic once.
Blogging ideas for 2021
- Food & recipe
- Entertainment & news
- Health & well being
- Fashion & makeup
- Finance & business
- Product reviews
- Paranormal / metaphysical
People are blogging about just anything. If you love to write then blogging can be a great way platform for you to provide value.
If you’re an expert in an area or simply have a lot of knowledge about a specific thing then blogging might be a great way for you to earn leveraged income.
Reasons why you need to start blogging today
I personally believe everyone should start their own blog. A blog can provide you with a lifestyle like no other. Here’s a small list of key reasons why more people should start today:
- You have some sort of skill or expertise to share with the world
- Your knowledge can answer people’s questions and help them grow
- You can monetize your blog with ads and get paid passively every month
- Blogging allows you to express your thoughts and opinions
- Get paid on the move, while you travel, and while you sleep
How can I place ads on my blog to begin earning leveraged income?
You can place ads on your blog through Google AdSense. It personally took me about a month of blogging to get my blog approved and start displaying ads.
I do have to say though, Google AdSense rejected my blog about 6 times! Don’t let this discourage you. Google AdSense lets you know what you have to work on in order to get approved. You might not even get rejected as many times as I was!
How much money can my blog earn with Google AdSense?
Like YouTube, who is also powered by Google AdSense, earnings highly depend on the traffic you bring to your content.
To put things into perspective, some of my posts are generating a few bucks while others are generating over $100 per week.
Good thing Franknez.com has posts on how to help you improve your blog and gain traffic. You can actually see your potential annual revenue on Google AdSense home page.
How often does Google AdSense pay you?
You will need to reach $100 in ad revenue to qualify for your payout. Once you do reach your minimum, you will be paid the following month.
So if you earn $400 in one month, those earning will be direct deposited one month after.
Can I choose how many ads are displayed?
Yup! Google AdSense has a control where you can manage whether a few ads are displayed on your blog or whether you want a lot to show. I personally have a balanced display so that my readers can still enjoy my content.
#4. Leverage Artistic Skills
Ever wonder why Kanye West makes more money than the president of the United States? Or maybe why athletes make significantly more money than a doctor? That’s because the president of the United States and doctors all earn linear income.
Presidents and doctors trade their time for money while artists and athletes earn leveraged income through royalties from their craft.
Songs are a massive way artists and musicians can use leverage. They do this through the number of followers and fans they’ve accumulated.
One song can earn an artist hundreds if not thousands of dollars from just streams. Independent artists can do this too.
Can independent artists make money from streams as well?
Yes. All independent artists need is to upload their music through a music distributer. A music distributor will then take care of putting your content out on Spotify, Apple Music, iHeartRadio, Tidal, and other major platforms.
How can I get my music on all major platforms?
Independent artists can use DistroKid. DistroKid is the easiest way for artists and musicians to get streamed on the biggest music platforms and getting your music on Instagram stories and on TikTok.
Once your music is distributed throughout Spotify and Apple Music, you will start getting paid as soon as people begin listening to your music.
If you’ve been uploading you tunes to SoundCloud, Reverbnation, or YouTube, this is the next step. You’re already getting plays on those platforms – now start getting paid for them.
How much does it cost to distribute my music?
Distributing your music with DistroKid only costs $19.99/year. This subscription fee allows you to upload unlimited singles and albums throughout the year.
Other competitors charge you per song or album. Luckily, our readers save 7% when they sign up using our affiliate link here.
Music is the perfect leverage income tool
Because music can be played over and over, this makes it the perfect leverage income tool. If you find yourself getting playlisted in large curated playlists, you can earn hundred to thousands of dollars with just one track!
Now imagine you put out a demo or an entire album.. yup. That’s the power of leverage income.
#5. Automate a Product / Service
You can create a product or service that people can continuously download and buy and earn leveraged income that way.
Here’s a perfect example: Andrei Jikh, a personal finance youtuber, created a spreadsheet that tracks the performance and changes of your stocks in the market. He created this product once and is now available for anyone to buy and download on his Patreon.
This is just one of many great ways to earn leveraged income through the use of a product or service.
You can also create and sell exclusive courses on your website or blog. Entrepreneurs are selling courses on marketing, social media, content creating, sales, and wealth building.
Ever heard of Fiverr?
Fiverr lets you teach all sort of things online. People are using Fiverr to teach others how to speak a different language, providing DIY videos, teaching people about animation, and so much more!
You can essentially create one time videos or episodes and sell them to people seeking help or answers to their questions. You can sell these multiple times just from creating them once!
Is Fiverr free to use?
You can create your Fiverr account for free and begin using other peoples services or start selling yours!
The way you can use Fiverr to leverage income is by creating a video or template that others can guide themselves from. You can literally sell the same marketing templates to multiple businesses looking for what you have to offer.
What’s Stopping You From Earning Leveraged Income?
If you’re serious about earning money in your sleep then you’ll need to start to earn leveraged income, which is a form of passive income only better.
For you to accomplish monetizing online you’ll need to treat every platform and venture as a business. Create your online business sooner than later because it will take time to build an audience and for monetization to really pay off. The sooner you start this process the sooner your online business will bear fruit.
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I’d Love to Hear From You!
Let me know in the comments section below what you’re doing to earn leveraged income or how you would like to earn leveraged income. More ways on how to earn leveraged income coming soon!