With a job or career, you’re ultimately limited as to what you can earn; plus, when you stop working you stop earning too. With automation and multiple streams of income (which come in continuously), you can stop working and still keep those “trickles” of income coming in. Here’s a few strategies.

Autopilot Income Streams – Stocks & Shares

Stocks and shares are a long term investment but also a way to make your money work for you. With dividend paying stocks you get payouts based on the stocks you hold. Of course you need to invest first in stocks which payout, in order to use this as an autopilot income streams tactic.

You can also simply invest in other stocks and shares in order to grow your investment and money. However, many stocks and shares don’t payout dividends so in order to get money out, you’ll need to jump in and out of the market. The longer you hold stocks for in general, the more you will benefit from the gradual rise in their value. But dividend paying stocks are a good way to create a simple income stream based on what you have invested in.

There’s a great app called MoneyBox which lets you automate the purchase of stocks and shares using round ups of your daily spendings. Moneybox is a UK only app but there’s a international app which is similar called Acorns.com.

Both these apps allow you to connect your bank to the investment app. When you spend money through your debit card, the amount is rounded up to the nearest pound or dollar and your change is automatically placed in your account. See also autopilot money making apps.

Autopilot Income Streams – Online Business

An online business is another way to generate autopilot income streams from anywhere. All you need is a laptop and internet connection. There’s several online business models which allow you to create autopilot income streams:

• Affiliate marketing – selling other people’s products
• Drop shipping – Similar to affiliate marketing with physical products
• Earn from advertising revenue on your content – e.g. from Google Adsense
• E-commerce – buy and sell online

Of of the most popular strategies is affiliate marketing because of the simplicity of the business model. As an affiliate marketer, you refer people to products and services on the internet. When you make a sale you earn a commission.

Some of the best affiliate strategies to create an autopilot income from are:

• Using high ticket recurring income products
• Promoting a digital product range – which pay the highest commissions
• Choose products with a built in sales team
• Use paid marketing to drive traffic and scale to a global audience

Royalties From Creative Pursuits

Redbubble is a website which lets anyone upload imagery which they have created, and benefit from sales made online.

So if you like designing or drawing, this could be a perfect way to create autopilot income streams from anywhere! Even though a single sale isn’t a massive income, the more content you create and upload, the more money you can make.

And of course this becomes an autopilot income stream.

Foap is another similar site only you get paid for sales of photos and videos which you upload to the site. If someone purchases a video or photo which you own, the site splits the profits 50/50. You can’t say fairer than that!

Blogging For Profit

Blogging is another creative pursuit which can be turned into an autopilot passive income. By creating content on a regular basis through writing on a blog, you can build an audience over time. This can then be monetised in a couple of main ways:

• Through selling your own products from your blog
• Selling affiliate products
• Advertising using a PPC advertising platform such as Google Adsense

Again, much like Redbubble or Foap, the more content you create, the more chance you have of making sales and/or getting visitors to click on your advertising.

YouTube

YouTube is another great platform you can use to create autopilot income streams. There’s a few ways you can monetise YouTube:

• Join their partner program and earn through advertising revenue
• Sell affiliate products through organic traffic or paid marketing

To join YouTube’s partner program there are now some strict criteria and you’ll need at least 1000 subscribers and 4000 public watch hours in the last 12 months. So you’ll need to have been an active YouTube’er for a while to do so.

But many affiliate marketers make a income from YouTube by creating videos and promoting products. To use their paid platform though, you’ll need to have a good business model because it can get expensive. Learn how through this online business system.

Autopilot Income Stream – Recap

So we’ve covered a few ideas for autopilot income streams. Here’s the recap:

• Stocks and shares – Use dividend paying ones for regular payouts
• Get a stock and shares app – Moneyboxapp.com or Acorns.com
• Online business –affiliate marketing, drop shipping, advertising on content
• Creative pursuits – create content such as design and photography and upload to Redbubble and Foap or similar sites.
• Blogging – write content such as this article and monetise with affiliate marketing and/or Google Adsense.
• YouTube’ing – Create videos to drive traffic, join YouTube’s partner program or build content for monetising through affiliate marketing.

Other Considerations

It’s easy to focus on the money making and forget you’re also spending money too. An easy way to increase your disposable income is to know your self and your spending.

• Make a note of your weekly outgoings down the the very last detail.
• Reduce the interest rates on your credit cards and clear your debt
• Stop over spending on things you don’t need
• Know your latte factor – the money you spend regularly on “treats” you can avoid.
• Overpay your mortgage each month and save thousands on interest
• Notice the things you feel you need but could do without
• Are you “big hat no cattle”? – Flashy car, big house, fancy watch?

See also wealth building habits.

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Buying houses and investing in property to rent is also something out of the reach of many. This kind of income source is semi-passive but you’ve also got a massive outlay usually in order to purchase property. Even buy to rent property isn’t completely passive either. You still have to pay your mortgage rates and get an tenant. Or you can buy a property with an interest only mortgage and get a tenant, that’s pretty passive. But what’s a good answer for the average person to generate some kind of autopilot passive income; someone who perhaps can’t get a mortgage or doesn’t own their own home even?

Autopilot Passive Income

Well one answer is affiliate marketing. With affiliate marketing you can sell other people’s products over the internet and earn up to 50% commission on your sale. In the first instance this can take some time and you need to learn the skill of online selling. But with the automation of the internet, and by using digital products, anyone can benefit from this business model. Digital products work well to generate an autopilot passive income because you can sell a product over the internet and automate the sale. This means you don’t have to talk to customers or even handle products personally.

If you also choose to sell recurring income affiliate programs, you can earn a passive income from every customer you make for as long as they remain a customer. These are usually programs which offer some kind of lifetime value to a customer. Software products such as website hosting or email marketing are two such examples. There’s many people who rely on these kinds of online software for their businesses. Getting on the other side of the transaction when they purchase puts you in a great position to earn a passive income from their subscription or membership products.

What Is Affiliate Marketing?

Affiliate marketing is a business model which lets anyone promote and sell other people’s products over the internet. By selling a product, the affiliate earns a percentage of revenue generated by the sale. With some products, like those you would find on Amazon, for example, you can make from 3-10% commission on a sale. But with certain digital products you can make much more – up to 50% commission in certain cases. Why can you make so much as an affiliate? Partly this is because with digital products there are no manufacturing costs, postage or handling costs. Software can be downloaded from anywhere in the world with an internet connection. This also make the sale of digital products very scalable.

How To Create A Passive Income From Affiliate Marketing

Affiliate marketers can automate the sale of various products and services online. This automation allows an affiliate to make a passive income of sorts by selling products they don’t personally own. Some affiliate marketers use blogging, and others use paid marketing or video marketing to promote and sell products online.

The ability to automate the sale of products combined with the ability to scale up to a global audience makes affiliate marketing a great model for a passive income. Particularly when combined with recurring income products and products which offer multiple earning strategies. (Access video series on this site for more information).

Depending on your particular circumstances and time scale for building a business online you can take a number of different directions. If you need to escape a job fast, you should probably concentrate on using paid marketing strategies to build an online business. If you don’t have the capital to do this, you can build up slowly by creating videos and/or blogging.

As an example, a blog I started several years ago now brings in leads and sales through organic traffic. Content I wrote months or years ago still brings in customers through my website. Having an internet business that runs on autopilot is one of the best ways for anyone to earn on “autopilot” once everything starts working. But how long does this take?

How Long Does It Take To “Autopilot” An Online Business?

To gain traction with an online business can take anywhere from 6 months to several years. It really depends on how you go about it. The fastest way is to use a good range of products within a ready made sales funnel. Then use paid marketing to test and measure and eventually scale up.

A slower (but cheaper) alternative is through organic marketing. This can take considerably longer. Blogging and video creation are two strategies which are free to do, but time consuming. You can also build a social media presence through any of the online social media platforms to gain a following.

See also how long does it take to make money with affiliate marketing.

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