Over the last several years, Paul Alex has become an expert in making passive income. He began his career in law enforcement, serving his community as a detective for years before pursuing his dream of working for himself.
Before shifting into full-time entrepreneurship, he dipped his toes in the water, spending five years building his independent automated teller machine (ATM) side hustle and learning all about the ins and outs of how independent ATM deployers (IADs) make as good, passive livings from owning the non-bank-affiliated ATM machines that the general public uses to take cash out at places like gas stations, nail salons, nightclubs, and other businesses.
In January of 2021, he left the force to go into business for himself, founding ATMTogether.com. By then, he was already making a five-figure income from his ATM venture.
He realized over that half-decade working in ATMs that there was no community of his peers. He was seeking a place where he could share tips and ideas as well as celebrate and commiserate with a group of his passive income-generating peers in the same field.
He decided to start an online community, and that’s where the idea for ATMTogether.com began.
“I was not on social media for seven years, but decided to create a Facebook profile to network with other ATM entrepreneurs. However, I quickly realized that there wasn’t a group or community where those interested or involved in the ATM business could join and share their experiences and tips with like-minded individuals. So, I created one,” Paul Alex explained.
He started that leg of the journey by creating the “ATM Business for Beginners” Facebook group, which boasts over 41,000 members today. This group gave him so much more than a virtual community, though. It taught him that there was no place for aspiring ATM entrepreneurs to learn the business from the ground up, and there was also a gap in the market for ATM location finder services.
From that ‘eureka’ moment, he built a program called “ATM Automation ELITE” that could help people create a fully realized ATM business for anyone across the US.
He called his new business ATMtogether.com in reference to the community he created and the teamwork he outlined for would-be entrepreneurs. In under two years, Paul Alex has served over 1,300 clients.
However, Paul Alex knows that ATMs are not the only way regular people can earn a passive income of $1,000 or more every month. Here are a few of his favorite side hustles.
Independent ATM Deployer
Of course, this is Paul Alex’s favorite passive income job or side hustle. “Sure, there are many ways to make that passive income everyone strives for. But, for me, owning ATMs takes very little time and provides a way to make your money work for you,” he said.
YouTube Content Creator
The owners of YouTube channels can let the video behemoth run ads on their videos before or during the content. Creators can also opt to have ads running on the right-hand side of the video. These ads create revenue for the creator, and if a watcher clicks on one of the ads, they make even more money.
For example, a monthly channel with ads and 500,000 views can generate about $4,000.
Start a Membership Page
Whether it’s a Patreon, OnlyFans, or your own paid website, pages where you regularly add exclusive content for a monthly membership fee are great money-makers. Whether it’s unique content on fixing cars, gorgeous photos, or news stories from your favorite writer, people all over the world pay for your specialty.
With memberships that range between $5-$300 monthly, you can make a great passive income with just a few members or a few hundred.
Write a Book
An evergreen book on, say, how to move to Spain as an American or how to break into voiceover acting can make passive income for years to come. And they are easy to self-publish on Amazon. If there’s something that you are an expert on that others are interested in, this is a great route. If you sell your book for $5, you can make $1,000 from just 200 sales monthly.
Become an Amazon Affiliate
You can become an Amazon affiliate by adding links to products you love if you have a blog or website. Then, when one of your viewers or readers clicks and buys these products from Amazon, you’ll get a cut of the sale — typically 4-8% of the price.
If you have a loyal following that trusts you, reaching $1,000 per month can be easy based on the products you recommend and link to.
Make an Online Course
Another way to make money from your knowledge is to create an online course. Once completed and launched, this can earn passive income for years to come. You can sell it yourself on your own website, through your email list, or via a third-party site, like Udemy.
Since courses are often considered high-value items, they can easily sell for $100 or more each. So, you’d only need to make 10 sales per month from your own site to reach $1,000 a month.
Buy a Rental Property or Rent a Room in Your Home
If you have the money to invest in a rental home or apartment, this can be a great way to enter the property market ladder and make a passive income each month from renters. But, if you aren’t quite there yet, financially, you can begin by renting out your spare bedroom by the month, week, or night on Airbnb or other sites.
No matter which route you choose to make passive income, once you start, you’ll wonder why you ever worked a 9-5 in the first place.
About Paul Alex and ATMTogether.com
Paul Alex is a former law enforcement officer turned entrepreneur. He has experience in sales and digital marketing. He founded ATMTogether.com Automation Services to help clients establish their first ATM locations throughout the United States. The company has helped educate an excess of over 41,000 aspiring entrepreneurs nationwide regarding the ATM industry and currently has over 1,300 clients enrolled into their ATM Automation program. For more information, please visit https://go.atmtogether.com/join