Learn to Make Truly Passive Income With the Most Profitable Online Savings Account

Welcome back, empire builders! As I’m sure you’ve noticed, savings accounts are a joke. The average interest rate is 0.04% APY. That’s less than a tenth of half of one percent! It’s so low that when people find a bank offering 0.5%, they feel like they struck gold. Well, what if I told you that you could be earning between 6% and 10% APY? I found a savings account that can make it happen. So let’s get into the details of the most profitable online savings account I’ve found!

Disclaimer: Real quick, I just wanted to make one thing clear. I don’t claim to be a financial advisor, and this isn’t financial advice. I’m just telling you guys what works for me. You should always speak to a professional for financial advice and do your own research before making any investments or financial decisions.

The Most Profitable Online Savings Account I’ve Found

I’m sure by now everyone has heard of cryptocurrency and online crypto wallets. What you may not have heard is that many of these crypto wallets are now offering insane interest rates. I know when it comes to money, many people are naturally skeptical—which is good. So, for those wondering why they would do that, they’re doing the same thing the banks are doing: investing with your money.

Both your regular savings account and these crypto wallets are investing with your money to make huge returns. The only difference is, the banks are rolling in dough thanks to your savings, and you only get a fraction of a percent in interest every year. These crypto wallets are actually giving you back a real cut of the money they’re making off of your account, giving you a chance to earn big — completely passively.  

There are two crypto accounts that I’ve been using that I really like, so I’m going to go over them with you. Some of you may be thinking you know what I’m going to say already, but don’t worry, one of them is completely optional. Things also change fast in crypto, So even if you think you’ve heard this before, I encourage you to stick around through to the end.  

The Most Profitable Online Savings Account, Part One: Gemini Earn

Screen grab of Peter Pru explaining how Gemini Earn works

If you’re looking for the simplest or most stable method, this is the platform to use. Gemini is a crypto platform that acts as a marketplace to buy, sell, and send crypto. It also operates as a wallet to store it and earn interest. It’s just like any regular savings account, except with a much better rate. You just link your bank account and buy some crypto, like Bitcoin or Ethereum. Then you earn interest on the money you keep in the account.

They also have something called GUSD, or Gemini US Dollars. It’s the platform’s brand of crypto, and it’s what’s called a stable coin, meaning it tracks the US dollar one for one. One GUSD is one US dollar. This is where I’m putting all my savings. I’m converting it into GUSD and leaving it to earn interest. Gemini pays out about 7.4% APY, which is crazy high compared to a bank’s savings account.  

The Most Profitable Online Savings Account, Part Two: Celsius Network

Screen grab of Peter Pru discussing the high potential earnings through Celsius

This one is completely optional. Like I said, if you’re only going to use one, Gemini is the one. However, I like Celsius because their rates are a good amount higher. They’re currently offering 8.88% for GUSD, which is a substantial difference. However, the rate does fluctuate a good amount. The interest you earn from Celsius gets paid out every single week, so it can start compounding and making even more money.  

My Method for Using the Most Profitable Online Savings Account

If you’re looking to earn some passive income but you’re more interested in a stable rate, the most reputable company, or using only one platform, then I’d recommend Gemini. I use both, and they’re both very reputable. But for those looking for the simplest method, this is the one. 

If you’re looking to make the most money, you should use Gemini and Celsius in conjunction. That’s what I’m doing. I’m keeping around 70% of my savings in GUSD in Celsius and approximately 30% in Gemini, just to mix it up.

One thing I don’t like about Gemini is their low rates for other Cryptocurrency like Bitcoin. They’re offering 2.05%. That might sound high compared to traditional banks’ interest rates. However, when you look at Celsius, they’re offering 6.2% for Bitcoin so it’s a really huge difference.

While you can use only Gemini if you want, you can’t use only Celsius. Gemini is a crypto marketplace where you can buy Bitcoin and GUSD. Celsius, on the other hand, is just a wallet. You can use it as a powerful savings account, but without Gemini, you’ve got nothing to save in it. So, you really do have to use either only Gemini or both together. The dual strategy gives you access to the most profitable online savings account, but either strategy is worth looking into. 

The simplest thing to do to get the most out of it is to create the Gemini account, link your bank account to it, buy the GUSD, and transfer it to the Celsius account to earn more interest. It’s a few extra steps, but it’s the only way to do it. Then you’ll be able to take advantage of the best that both platforms have to offer and make a good amount of passive income.

Final Thoughts on This Strategy for Passive Income

Happy dropshipper seeing high returns after using one of the most profitable online savings account

This is my favorite way to make completely passive income and my biggest secret for getting the most reward for the least amount of effort. I’m going to be showing you guys a lot of different ways to make money, the best way to build an online business, how I make the most of different business hacks, financial tricks, and all that kind of stuff.

This method is the only way I know of to actually make 100% passive income with money you were just letting sit in a savings account. This way, you’re just doing the same thing, but much more effectively through the most profitable online savings account. I hope this helped you and that you enjoyed learning about this. If you’d like more of these kinds of tips, I’d love to hear your thoughts. Also, subscribe to my YouTube channel for even more videos in the future.

To learn how to build your own ecommerce empire with dropshipping, sign up for my masterclass. I’ll teach you my secret to making a full-time income online with a five-page funnel without touching a product, building a site, or investing in ads. I’ll even throw in the $100k funnel template FREE just for showing up. Remember, your empire starts now!

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Why Most Amazon Sellers Fail Before Becoming Profitable

People think that selling on Amazon is their ticket to the big time, that they’ll open their store on Amazon and immediately be inundated with people wanting to buy their merchandise. After all, Amazon is one of the largest selling platforms on the planet. So naturally, if they have a good product, it will sell quickly, right? But the truth is that most Amazon sellers fail before they’ve even begun. The truth is that Amazon FBA can be a waste of time and a major financial risk. This guide will show you exactly why Amazon sellers fail and why FBA is not the amazing business choice that so many people think it is.

Amazon Will Believe Larger Businesses When It Comes to Copyrights and Patents

You can have a business making $50,000 to $80,000 per month and can still lose your business because a larger business makes copyright or patent claims on your idea. It doesn’t matter if the claim is totally false. It doesn’t matter if there is no evidence. Amazon will shoot first and ask questions later. Then, a year later, when it’s proved you were right all along, the larger business has already taken your market share, and you’re left with nothing.

Amazon Sellers Fail Because the Startup Costs Are Staggering

When you’re starting with a $0 budget, Amazon is a tough place to start. Everybody tries to pretend to sell on Amazon is cheap, but it’s not. You have to buy bulk merchandise and a lot of it to make sure you keep up with demand, and that means laying out five to twenty thousand dollars in inventory upfront with no idea if it will even sell. 

Added to that are advertising costs. There are literally millions of people trying to do what you are doing. If you want to stand out, you’re going to have to advertise, but ads aren’t cheap. Even if you are buying cheap ads, the odds are that no one will see them, and that’s why they’re so inexpensive.

Amazon Has No Trouble Competing With You on Their Own Site

Screen grab of Peter Pru discussing Amazon's packing cube product

Chances are, if you’re just starting, you are selling some basic commodity. If that is the case, Amazon makes it, too. Check it out for yourself; stop reading for a second and go on Amazon and put a basic commodity like packing cubes in the search engine. Amazon makes packing cubes, and it comes up first. Of course it comes up first; why wouldn’t it? They will always prioritize themselves over your small business on their site, and if you stop and think about it for a minute, that makes perfect sense.

Amazon is smart; they won’t just have one type of commodity on the market. They have so many products themselves that there’s barely room for any other competitors on the front page, and most people will buy from that initial page. 

The truth is people trust the Amazon brand; after all, they’re buying from their site. So people will buy the Amazon Basic version of what you sell before they buy yours. It will be cheaper, be better advertised, and have name-brand recognition. How can you compete?

Even When Amazon Isn’t Competing With You, Someone Is

If you owned a store that made luggage, you wouldn’t have your competitor’s luggage next to it so that the customer can compare. But Amazon doesn’t care about that. You’ll never get a page to yourself, which is why many Amazon sellers fail. 

If you’re not competing with an Amazon brand, your brand will be right next to some larger brand. There’s no way for you to stand out that way. If people wanted a specialty item, they’d go to the artist’s website or go to a craft website like Etsy. 

Amazon is where you go for convenience. People don’t care if your product has an extra pocket when it’s right next to a cheaper product and will ship sooner.

They’re Using Your Store’s Statistics to Compete With You

Screen grab of Peter Pru discussing Amazon Basics products

If your store is successful, it will catch Amazon’s attention. If they see you’re selling some niche product incredibly well, they might start making it, too. Go back to the Amazon page and Type ‘Amazon Basic’ into the search bar. These are all the commodities that Amazon makes. They started smaller, but they can copy a store’s products every time they see a successful store.

Maybe they didn’t always make gym equipment, but they saw some stores on their site doing good business and started making the same equipment. They don’t have to pay for market testing; you’re doing it for them. They can sit back and see what’s selling before duplicating the popular products and ignoring the products that aren’t selling, and they’re doing that using your hard work. How can you possibly compete with them when they control the site, and they can make everything cheaper than you?

They won’t give you your own customer list or your own statistics to help you make your store successful. So why provide the statistics to your competitor who is using it against you? It makes no sense!

Can You Even Afford to Rank?

Amazon seller seeing competitors outrank his store

The only way to rank on Amazon is either to sell a lot of inventory and have a lot of reviews or to be Amazon itself. When you’re just starting, you will have to give away hundreds if not thousands of products for free just to get enough reviews to rank. Can you afford to compete like that? Can you afford to give away thousands of free products just to get your business started?

Look at the stores on Amazon, and you will see that they all have incentivized giveaways so that they can keep up with the number of reviews they need to keep their rank up. Of course, you could decide you don’t care about your rank. But no one will buy from your store on page five of Amazon. Amazon is all about quick, cheap sales, so many Amazon sellers fail and fade away.

How Ecommerce Empire Builders Can Help

Don’t set yourself up to fail! Use Amazon for research and to funnel sales to your website, but don’t rely on them for success. I have started businesses before, and I can help you start yours. When you have your own business on your own site, people won’t see your competitor’s brands right next to yours. If you want to market your own business and sell products you believe in, then create your own online store. Click here to reserve your seat in our webinar or subscribe to my YouTube channel for more insights.

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Top 3 Online Businesses for Beginners to Start in 2020

Hey, Empire Builders! In this article, we’re going to talk about the three best online businesses for beginners to start in 2020. I wanted to go over the top online businesses that anyone can start without a huge investment or any experience. While some online businesses for beginners require a massive budget with substantial overhead costs, some need a much smaller investment. Those are the ones we’ll be talking about today.  

1. Ecommerce and Dropshipping

This is my favorite option. It’s the best business for beginners because of the low risk involved. If you don’t know, ecommerce and dropshipping are terms for selling products online that your supplier sends to the customer, in exchange for a cut of the profits. It’s that simple. Dropshipping allows you to cut the usual costs for inventory and shipping.

For example, with my dropshipping business, when someone buys something from my website, the supplier is notified and they ship it out. I never even see the product in person. It’s just my job to sell it, the supplier does the rest, and I make a cut of every sale. 

It costs as little as $250-$500 for ads to get started. That may seem like a lot, but it really isn’t considering that it’s your cost for starting your own business and gaining financial freedom. This is pretty much the lowest start-up cost you’ll find. It’s going to take an hour or two a day to learn enough to be successful. But the more you invest, the more you get out.

How to Start an Ecommerce or Dropshipping Business

Beginner dropshipper starting his business at home

You need to pick a product and make sure it’s something people want. Google “list of hobbies,” and nearly everything on that list is a good choice. The best advice I can give you is to choose something you genuinely enjoy and find interesting. That’s the difference between waking up every day excited to get to work and being stuck in a daily grind.

Once you pick a hobby — gardening, for example — go to Amazon and search it. You want to sell what people are already buying. Remember KISS: Keep It Stupid Simple. When you look through the results, there are a number of physical and digital products. That’s how you know it’s a good niche with multiple options.

Pay attention to the “frequently bought together” section, which tells you what else you can sell and each product’s rank. If the ranking is under 20,000, then that tells you there’s a demand for it. Going to AliExpress will then show you how many units are sold, and you can find a supplier with a cheap enough per-unit cost to make you a good profit. While dropshipping is one of the best online businesses for beginners, it’s not just for beginners. As you learn, you can scale up your business and create multiple businesses.

2. Selling Digital Products

screen grab about how to create and market digital products

This includes courses, PDFs, and other digital media. The profit margins are high because it doesn’t cost money to make, so it’s pretty much 100% profit. While it doesn’t take a large monetary investment, you have to invest a lot of time into it. You must position yourself as an expert that people trust so they’ll want to learn from you, and that can be tricky if you’re just starting out on online businesses for beginners.

If you want to sell high-ticket digital products ($1,000+), you’ll need to create free content every day to show your expertise, entice them to learn more, and build that trust. If you’re selling cheaper digital products ($5-$50), then all you need to do is add value by solving a problem.

As far as the budget for this, if you’re working on the lower end of the price range, you can advertise for free. If you’re going to use ads, though, I always recommend a $250-$500 minimum.

How to Start a Business Selling Digital Products

Again, take advantage of Amazon. When you type in the example niche — gardening — you’ll see many books available. You can also sort by category for books if you don’t see any pop up immediately. You can do the same for video content.

This provides a clear picture of what information products are being purchased and what problems they try to solve. First, decide on your price point, which should generally be $5-$50 or $1k. This will help you determine what kind of informational products to look into creating. This can range between a short how-to guide and an in-depth video course.

Udemy will give you a better idea of in-demand courses. Type in gardening again; there’s a lot to choose from. The course description will tell you what people are learning. You can sell courses here without spending ad money, too.

If you want to sell text-based information products, you can write your own or go to The PLR Store to buy one. You can buy the rights to content and sell it, make improvements, whatever you want. If you type in gardening, you’ll find a pack of articles on low maintenance gardening, something you can sell for $10+ while only paying $5.99. Dress it up with images and fonts to make it look worth the money. Then you can sell it on ClickBank without paying to advertise.  

3. Affiliate Marketing

Shopper reading content from an affiliate marketer

One of the most popular online businesses for beginners is selling products for someone else and making a commission for every sale — that’s affiliate marketing. This is especially easy if you already have an audience from another business or website where you can promote products. Then this is a no-cost way of making money/ If you only promote products with a good reputation that work well and add value, then it’s also risk-free. If, however, you use your business platform to promote a product to your audience that’s of poor quality or doesn’t work, then you’ll lose trust and business. So, make sure you’ve tried it and really want to recommend it.

How to Start an Affiliate Marketing Business

ClickBank can help with this too. Use their navigation bar to find products you’d want to sell. Let’s use gardening again. Once you find one you want to sell, click promote and you’ll get a custom affiliate link. It’s that simple. Don’t forget to buy and test the product first before endorsing it. Then all you have to do is drive traffic to their site, and when someone buys something, you earn a commission.


The great thing about these online businesses for beginners is that they work well together, too. Maximize your profits by integrating them into one business model. If you want to learn more and make more, sign up for my masterclass, where I’ll teach you how I made a full-time income online with a 5-page funnel — all without touching a product, building a site, or investing in ads. I’ll even throw in the $100k funnel template FREE just for showing up. Get ready to build your empire!

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