My
secret formula is going to Flippa.com
If you want passive income, you need to do like the rich do. Buy yourself an asset.
The rich buy assets... and assets produce leveraged/portfolio/passive income.
You can buy websites, domains or apps that are already generating revenue. Usually, people start the site up, get it making money, but don't have the time or energy to maintain the situation.
What you want to do is win a bid for a website within your budget (I would come in with $2000 - $3000) and get a website in an industry that excites/interests you.
When you buy it, the seller will spend 30 days schooling you on how the website works... where to get the info... what work is needed... how the money is made... where the accounts go... etc.
Once you have the system down, work it out really well. If a website is making $400 a month off of Google adsense revenue for example... work the system until it gets to about $800 a month. This might take four hours per week over two to three months to get done.
But once it's finished, you now have a website/app asset that gets you $800 a month
The key is to outsource the tedious grunt work
For one of my sites, I just pay $20 a week to some girl in Thailand to post on the social media account and answer emails...
So do the math... $80 a month for a site that generates $800 a month in income. One hour of week to oversee and maintain and it's as good as gold. You'll be at $25 a day in passive income.
Rinse and repeat... you'll have your $30-$60 in passive income in no time.
Eat on knowledge brehs…