I’ve read a lot about building businesses and creating passive income, but most of the advice I’ve found doesn’t seem to fit my situation. I wanted to share some of my background and ask a few questions to get some relevant suggestions.
About Me:
Native Mandarin speaker, fluent in English
Over 10 years in B2B sales and partner account management
5+ years working abroad
6+ years of experience in management roles
1 year of startup experience in Shanghai, mainly in cybersecurity and e-commerce
Question 1: I live in Taiwan, not the US, so many passive income options like real estate or affiliate marketing aren’t a fit due to different regulations. Do you have any business ideas that would work in my situation?
Question 2: I’ve tried a few methods for passive income but haven’t found success yet. Which of these would you suggest focusing on?
Crypto (long-term trading, sometimes day trading)
Stock Options (I haven’t had much success here yet)
International Trading (I tried e-commerce, but it didn’t work out)
Any other ideas?
Question 3: Can someone suggest how I could use AI to build a small business?
Goal: My target is to generate $2-5K in passive income monthly. I’m ready to put in the time, effort, and money to achieve it.
I’d really appreciate any suggestions you can share!
You’ve got such a great background! You’re fluent in both Mandarin and English, which gives you access to a huge part of the world’s population. Plus, you have years of experience in B2B sales and account management, as well as working overseas. That’s a unique skill set!
I think you should look into creating an online course or some kind of training program. There are plenty of platforms like Udemy where you can develop something that takes advantage of your skills and experience. You could focus on helping businesses navigate between Asian and Western markets.
It may take some time and investment to get started, but once it’s up and running, you could earn income from it continuously. Since you’re bilingual, you could even create versions in both languages, giving you double the reach!
Passive income does take effort to set up, and there will be trial and error. But with your background, you’ve got a great foundation to make something like this work. Good luck!
@Colby
Thank you for the thoughtful feedback! I appreciate your advice, and it’s given me a lot to think about. I’ll take some time to research and find a direction that makes sense for me. If I find success, I’ll be sure to share my progress here!
I recently invested in a passive income program related to digital marketing. There are four different streams of income you can choose from, or you can buy the top package and get access to all of them. I started with the lowest option to test it out, and I’ve already made my first sale and recovered most of my investment.
It’s a reselling program, so you keep 100% of what you sell. The company makes their money from a $29 fee for the website and automations. If you’re interested in hearing more, let me know!
I’ve been making around $2K a month by mining TikTok coins using a program called Open Carton. You do need a VPN for it, and you have to invest upfront, but I got my initial investment back in two months. We have a big community on Telegram helping each other out. If you’re interested, I can guide you through the process. It’s not a scam, and it’s been working for me.
@Koa
Thanks for your suggestion, but after doing some research, I found this isn’t something I want to pursue. I’m looking for ways to grow my income, not risk it. I appreciate your understanding.
Cedar said: @Koa
Thanks for your suggestion, but after doing some research, I found this isn’t something I want to pursue. I’m looking for ways to grow my income, not risk it. I appreciate your understanding.
I understand why you’re cautious, but I can assure you it works. I’ve already made my investment back and continue to earn from it. I know it sounds too good to be true, but it’s been great for me. If you change your mind, feel free to reach out.
The program I’m part of is global, so you can work from anywhere. Are you comfortable with AI tools like ChatGPT and social media? If so, I think you could benefit from what I’m doing. Feel free to message me for more details!
Are you interested in earning passive income while helping people improve their health? Look into digital franchising—it’s something you can do from anywhere in the world. Let me know if you’d like to chat more about it!