Mariah Carey Is A Business Goat

Hi everyone, Noah (@noahxboa) here,

Today, I'm bringing you a story of an ultimate money glitch. A glitch so powerful, it's made Mariah Carey wealthier than some of the investors on Shark Tank. Imagine Daymond John's surprised face - that's the level of success we're talking about!

🎶 You're probably humming 'All I Want For Christmas' by now. But did you know, this holiday anthem is one of Mariah Carey's smartest business moves? Early in her career, she nearly sold her licensing rights for a mere $5,000. Lucky for her, she didn't. Now, each Christmas season, she earns roughly $1 million from streaming, $2.5 million from album sales, and a staggering $13 million in licensing fees.

So, how can you, like Mariah, generate passive income that sustains not just for a season but a lifetime? Let's dive in:

1. Selling Digital Products: The beauty of digital products is that you create them once and sell them indefinitely. Think e-books, online courses, or even digital art. The key is to identify your niche and create valuable content. For instance, if you're a fitness enthusiast, consider an e-book on unique home workouts.

2. YouTube Ventures: YouTube isn't just for entertainment; it's a goldmine for passive income. By creating engaging content, you can earn through ad revenue, sponsorships, and even fan donations. Start a channel sharing your expertise, be it cooking, tech reviews, or DIY crafts. Remember, consistency is key!

3. Recurring Revenue Affiliate Products: This is where you promote someone else's product and earn a commission for each sale. Look for products that offer recurring commissions, like subscription-based services or software. For example, promoting a popular project management tool or a fitness app can yield ongoing income as long as your referred users stay subscribed.

4. Renting Property on Airbnb: If you have a spare room or a second property, consider listing it on Airbnb. This can be a significant source of passive income, especially in tourist-friendly areas. Plus, you get to meet people from all over the world!

5. Creating an App: In our tech-driven world, a successful app can be a continuous source of income. It could be as simple as a productivity tool or a unique game. If coding isn't your thing, team up with a developer to bring your idea to life.

Mariah Carey's success isn't just about her iconic voice; it's about smart decisions and understanding the value of her work. You might not hit the high notes like Mariah, but you can certainly tune your financial strategies to create a steady income stream.

Until next time, aim high and keep innovating!

Cheers, Noah (@noahxboa)