Joseph Hogue Review (7 Best Passive Income Ideas Legit?) 6+ Things You Gotta Know

Books.

Joseph writes and self-publishes his own books on Amazon.

Within his first year, he was able to build up his income to $1000+ per month.

Of course, there’s a lot of marketing going on to promote these books.

He uses his YouTube channel and blogs to spread the word.

Here’s where his self-publishing income is most recently:

But remember:

If you don’t have a following like he has, this won’t be enough.

to generate consistent sales.

Keep in mind, each of these will come at a cost, which will take away from your profit.

There has to be a better passive income idea out there, right?

Let’s keep going.

With all his platforms, it makes sense that Joseph Hogue makes some of his income from affiliate marketing.

What’s Joseph’s affiliate marketing strategy?

Here it is, in his words:

Each time a visitor clicks the link and purchases the featured item, he gets a commission.

Many people like this type of income because they don’t have to create anything.

All they do is partner with companies they believe in and promote them.

But, it isn’t really profitable until lots of traffic regularly visits your blog.

After all, the more people that click on your link, the more money you'll make.

If no one’s clicking, no money is coming in.

Don’t have a platform like Joseph's?

There’s no way that you will be able to compete in this global market.

Let’s see if the next idea will work.

Selling products for profit is a tale as old as time.

Joseph sells courses and other digital products.

Here are some of Joseph's bestsellers-

Courses seem to be one of his bigger strategies.

In fact, Joseph made $23K in 18 months by creating two courses and a spreadsheet.

The catch?

$23K doesn’t indicate how much time he put into creation and marketing.

Just take a look at his biz funnel for selling a course:

That’s a lot of effort, and not something I would consider passive income.

At the end of the day, you can sell anything that can be delivered digitally.

But, remember: there’s always a trade off of time and money…

And sales vs. profit.

Very similar to selling courses and digital products…

Joseph advises to sell bundle deals online.

We’ve talked about bundling physical products before.

In fact, it comes up a lot when we talk about how to make money on Amazon FBA. 

The consumer will be drawn to the product that comes with the “free” bonus item, or the product that is 90% off.

The same strategy applies here to digital products.

All with a discount that's hard to ignore.

The great thing is that you don't have to create these courses, books or memberships.

Joseph actually collaborates with other creators.

Joseph put together a bundle in 2019 and sold almost $4K in profit after paying everyone who contributed.

While that’s a good amount of income…

I’m stuck on how the bundles actually made $16,072 in sales…

And he got to keep less than ¼ of that amount.

There has to be something better.

Next in this Joseph Hogue review:

Let’s consider Joseph's most unique passive income idea.

Managing a virtual conference just isn’t something that’s on the mainstream passive income idea list.

Here’s how it works:

Obviously, something like this has been HUGE since Covid-19 hit. 

And, there's really plenty of positives that come from this passive income stream.

Here’s an example Joseph gives:

He shares that he has been able to make $10K PROFIT for small virtual conferences.

That’s after paying out affiliates and speakers.

However, this amount may not be worth it after really considering all of the work that managing a conference entails. 

After all, anyone who has ever participated in running a conference, 

virtual or otherwise,

knows that organizing such an event is a mountain of work.

Maybe the last two passive income streams in this Joseph Hogue review will have the best answers.

We've mentioned Joseph's YouTube channel many times throughout this article.

He uses it to promote many different ways of making money online.

To drive home the point...

Here’s a snapshot of how his YouTube ads income has grown since putting more time into the platform:

As you can see, Joseph’s made good on this trade-off of time and money.

Maybe this last passive income idea will be more passive.

Joseph also uses his blog to promote all of his other business ideas.

In addition, he buys blogs for 12x - 18x monthly income.

Just look at how these tactics have performed:

But, is a blog the best way to make money online?

Are YouTube, or any of Joseph Hogue's other ideas worthwhile?

In my opinion, there are better options for passive income out there. 

But, before moving forward with our Joseph Hogue review, let’s look at Joseph’s hacks to make money online.

One-Stop Systems (OSS) achieved a strong 59% return in early 2024. Over the last five years, OSS’s sales have grown by 21% annually, and has recently earned a contract with the US government and three others that would total around $8 million. 

Stock Valuation: OSS is a penny stock. Its shares are trading at 1.1 times the sales. The total market value is roughly $74 million.

Nvidia Corporation saw a significant 73% increase in its performance in early 2024. The company, known for making advanced computing hardware for AI, cloud data centers, autonomous vehicles, and robotics, achieved a remarkable 125% growth in revenue and a 61% increase in profitability in 2024.

Nvidia expects continued strong demand in AI-related fields, indicating more growth ahead.

Stock Valuation: Quite expensive, trading at over 40 times its earnings and 21 times its sales.

Arm Holdings has seen impressive growth, doubling in value since its IPO and jumping 47% after its recent third-quarter results. The company, known for its AI technology, has increased its revenue by 14% and its free cash flow by 63% over the last year.

Stock Valuation: This stock is quite price. It trades about 32 times the expected revenue and 81 times its earnings.

Big Bear AI saw a big 88% increase in early 2024, and it continues to grow compared to last year. The company, which turns large amounts of data into useful insights, has gained more customers and has a lot of pending orders. It recently secured exclusive deals with L3 Harris and contracts with the US Army.

Stock Valuation: In terms of stock value, it’s trading at around 2.2 times its sales.

SoundHound AI's performance increased by 17% last year and then jumped 150% in early 2024. The company specializes in conversational AI for businesses and supports over 25 languages. Its technology that quickly picks up instructions from spoken language gives it a competitive advantage in the market. 

After a brief dip in its stock value, the company is slowly recovering, thanks to Nvidia's significant investment. 

Stock Valuation: Significant price increase which was followed by a rebound after a post-earnings crash.

Clearly, some of the ideas Joseph mentioned take time to set up.

But, if you hire a freelancer, they can help you set up these income sources to help you scale things more quickly.

You know how people say "it ain't work if you love what you do"?

Yeah, that's just the truth.

If you can find an income stream that’s important to you, you're going to feel more motivated to get started and keep going.

This one is Joseph's favorite strategy.

The best thing you can do is get yourself multiple streams of income.

He recommends that you start working on another source of passive income after you've already set one up.

Then set another up.

And another.

I agree 100% with Joseph when it comes to creating multiple streams of income.

The lead generation coaching program I'm a part of teaches students to keep creating more income streams and putting more "shoes" on the shelf.