Passive Income Ideas: Online Courses for Learning to Do It

Udemy Courses to Master a Passive Income Source

Recently, I have spent money on a couple of courses on various passive income ideas on Udemy, so I thought it may be useful if I list them here in this blog post. No affiliate links here, just normal links for you to check out if you are keen in learning a certain skill to increase your financial IQ. So without further ado, here is the list:

Clickbank Success – Affiliate Marketing Without A Website

Clickbank Success – Affiliate Marketing Without A Website is an online course that I bought just yesterday. The course instructor is by KC Tan, an online business coach and it costed me SGD 22.99 to enrol in his course. In my humble opinion, this course is newbie-friendly and has a lot of real-world applications. KC teaches everything from the simple definition of “What is affiliate Marketing?” to how to exactly make money from this method of passive income by direct linking and creating a squeeze page to collect your prospects’ emails. He is straight to the point and uses videos to guide his students in a step-by-step approach in Clickbank marketing. Despite the impression I had from the title of his course that it is hyped up, KC actually delivers what he promises, which is how to make money from promoting Clickbank products without any website. Of course, if you had the skills and time to create a website to promote products, it would be better. But that is optional in his course. His recommended budget for a newbie marketer in Pay-Per-Click advertising is USD 4 -5 per day. Assuming you are risk-averse or low in capital, that would mean USD 120 per month the bare minimum. Definitely, if you are budget conscious, you can budget lower than that but that would also mean results will take longer to manifest. My rating for this course: 5 out of 5 stars. If you are keen to learn hands-on affiliate marketing, my recommendation is to try this course. Right now, at the time of writing, I had committed some of my financial resources on acquiring premium domain names so I will wait till I sell off them before trying out a new venture which is in this case, affiliate marketing.

SEO 2018: Complete SEO Training + SEO for WordPress Websites

What if you are interested in affiliate marketing, but don’t want to spend money on getting targeted traffic for your products? This online Udemy course, SEO 2018: Complete SEO Training + SEO for WordPress Websites can help you in getting organic search traffic into your blog or website for your products. I paid SGD 17.99 for this course on 20 May 2018 and the best part is that this expense is SkillsFuture claimable (okay for those who are non-Singaporeans, SkillsFuture is an initiative by the Singaporean government to subsidize the cost of lifelong learning of skills for employment by local citizens) so actually, I enrolled in the course for free. The course instructor, Arun Naga, is from India so he speaks English with an accent but if you had trouble understanding his accent, you can go to settings in the video and turn on the captions. His course is newbie-friendly, covers from the basics like “What is SEO (search engine optimalization)?” to what factors affect the search ranking for your website to important stuff like how to rank in the first page of Google and much more. I definitely learnt something from this course, and if you are interested in using organic traffic to drive sales, you can enroll in this course as well.

10 Shopify Dropshipping Strategies that Make Me 6-Figures

Want to earn a passive income by Shopify dropshipping but need a guide to hold your hand through the process? The course 10 Shopify Dropshipping Strategies that Make Me 6-Figures may assist a newbie in setting up business in Shopify. The course instructor is by Nik Swami, an online entrepreneur whose companies generate up to $45,000 per month. He covers every important aspect of the dropshipping business which is from selecting the best products to sell, choosing the best AliExpress suppliers, choosing the best countries and Aliexpress shipping methods to properly using images in your online store, to effectively using pricing and psychology to maximize sales and optimizing your order and shipping notification emails to improve sales and customers’ experience. It is one of the highest rated course in the business section of Udemy, so you should definitely browse through its course details if you are serious in the dropshipping business like Shopify.

Domain Flipping MasterClass – Easy for Newbies

For those of you who are interested in domain flipping, this course Domain Flipping MasterClass – Easy for Newbies is good to introduce you the dos and don’ts of the business. Taught by Angshuman Dutta, a private Internet Marketing coach, he explains how to get premium quality domain names cheaply so that you can resell at a profit. This is through the domain suggestion service website Wish Canvas. I have actually tried the Silver Pack for this service with real money and I can say that it does deliver dictionary-word premium domain names. Some of you may think, “I can actually manually sift through premium domains myself and not pay for the service!” If you are smart enough to do so, please do it. But for me personally, I rather spend the money to outsource the work of doing it yourself so that the time spent on searching for premium domains can be used for my personal free time. After all, passive income ideas are supposed to reward you with free time. Anyway, the cost of the domain suggestion has dropped for the Silver Pack from USD 300 to USD 150 (half the price). For 12 premium domains, that’s USD 12.50 per domain. Assuming the maximum registration cost per domain is USD 80 (Wish Canvas provides the discount links to acquire the domains) , the maximum initial cost of acquiring a premium domain is USD 92.50 (not taking into account domain renewals per year). In my opinion, that is cheap for a good quality domain. Most domainers spend thousands of dollars to get such domains from auctions. Anyway, the value is in the eye of the beholder, so I leave you to decide for yourself the value of the service Angshuman provides.

Options Trading – How to Win with Weekly Options

Okay, for those of you who are fortunate to have good paying jobs, and have saved quite a significant amount of money to put to work for passive income, options trading can be one means to generate that passive earnings. I bought this course, Options Trading – How to Win with Weekly Options for SGD 35.00 at 1 June 2016 and the instructor is Jeff Tompkins, a professional stock, options and forex trader. He teaches one of the more important skill of fixing a losing trade into a winning one and takes into account the delta probability in placing your trades. He also discusses on how to roll a trade if you are using his method of trading iron condors and shows you what to do if a trade is nearing expiration date. As options are high-risk financial instruments and you need more capital than the previous few passive income ideas to execute, do consider carefully your risk appetite before taking a leap into options trading. While you can potentially make a lot of money out of options trading, the flipside is also true if you place a wrong trade. But if you had experience and are confident to make passive income in this field, do proceed with caution.

These are some of the passive income courses I took in Udemy. What are your thoughts about them? Share them in the comments section below!

 

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