Interested in making more passive income in 2022? One of the experts on the topic of making more money with less effort is here to help and that is Kirk Cooper, the founder and CEO of Ecom Automation Gurus. He offers his thoughts on where to put your capital to make the most passive income possible.
Cooper’s company helps small business owners create e-commerce sites that can be automated using his own systems to create passive income for entrepreneurs in a variety of fields. In this article, he proffers advice on the industries, methods, and means that he believes will create the best and most profitable passive income streams in 2022. Some of these might be familiar to you, while others may be things that you’ve never considered.
The entrepreneur noted that the income potential of each of these is dependent on the capital you can invest as well as how quickly you can scale. However, he knows that each is capable of providing profits that range from a few hundred dollars per month to thousands.
“With proper growth and management, these opportunities can each provide 8+ figures when implemented and grown,” he added.
E-commerce With the Big Sites
Cooper’s first suggested stream is also probably his favorite perennial moneymaker: setting up e-commerce stores that use wholesale techniques to sell products purchased at wholesale prices. For those that are new to the idea, it means buying items in bulk and sending them to Amazon and Walmart warehouses, where these companies ship them as they are sold online.
This has been a major passive income stream for Cooper over the years. One of the ways he makes it produce even more is by gaining exclusivity agreements with certain suppliers over time and becoming the only authorized reseller of particular items. He also expands his income by using private labeling, which means purchasing quality unbranded products from overseas, branding them, and creating marketing campaigns around the items.
If this sounds interesting to you, this is exactly what Cooper’s firm, Ecom Automation Gurus, helps other entrepreneurs to do.
Making YouTube Work for You
To make passive income off of YouTube, Cooper recommends creating what he calls, ‘faceless content’, using a mixture of photos and stock video aided by unique animations and editing. The entrepreneur explained that he identifies top-ranking niches on the video platform and creates channels within those categories.
“We have content creators, content writers, voiceover artists, animators, and SEO campaign specialists on our staff,” he said. “In fact, we actually create 10-20 videos each month for every channel we manage.”
The way this method makes you passive income is that the channel owner owns the content, which continues to accrue views each month. Once a seasoned account is officially monetized, channel owners get ad placement on their content. These owners are compensated each time the ad is viewed. If a video goes viral, there are untold amounts of passive income to be gained.
Gaining Currency with Crypto
In the right hands, cryptocurrency can be a great passive moneymaker, as can Foreign Exchange Currency (FOREX) hedge funds. Cooper has made buckets of passive income from these two sources but warns that investors need to be knowledgeable about the field, themselves, or work with trusted professionals since scams abound in this emerging industry.
Through both cryptocurrency and FOREX hedge funds, Cooper says that investors can consistently earn a 2-4% ROI each week. Cooper noted that FOREX funds are a valuable part of a diverse strategy to receive reliable returns under every market condition, not just the ideal ones.
“For me, this has been more attractive than sitting on specific coins (and watching them rise and fall),” Cooper said. With the right system you can still see productive returns, even during downturns and periods of volatility. This creates a nice income stream that is 100% passive.”
Fractional Oil Ownership
Another of his favorite streams of passive income is investing in oil and gas. But don’t simply skip ahead to the next article section, thinking that you can’t afford this. What Cooper suggests is fractional ownership in oil wells. He mentioned the extremely high price of gas and oil recently and how pleased that would make you if you were an investor rather than a consumer. He also said that the tax write-offs and benefits of oil ownership are incredible.
For investors looking for ways to cut their tax bills, oil well investments are great options that provide quick, easy, and dependable passive income.
Investing In Existing Businesses
Another tried and true way of making passive income is to invest in digital businesses that are already thriving. Cooper recommends looking for online companies in any business niche to find awesome opportunities to make money through a channel that’s already set up.
To take this a step further, investors can also purchase these digital businesses outright. But if one is seeking to make it even easier to automate, then negotiate to keep the same knowledgeable and loyal staff in place when the business changes hands. This immediately eliminates the need for your presence in day-to-day operations.
When your time is freed up, utilize what Cooper and Ecom Automation Gurus has to offer and use it to dream up your next passive income stream in 2022.
About Ecom Automation Gurus
Ecom Automation Gurus creates fully automated eCommerce stores for its clients to assist them in making passive income. Founder and CEO Kirk Cooper has been featured on Entrepreneur.com and Yahoo Finance. To check out their services and book a call, visit their website at https://ecomautomationgurus.com/
