10 Passive Income Ideas
Creating passive income takes work, but once you implement those processes it's one of the most fruitful income sources that you'll ever have.
I'de like to share with you 10 Passive income sources that you can start today.
10 - Investing
Many of you might think "I don't have a lot of money to get started". I totally get it but, let me tell you, it doesn't take a lot of money to get started. Whether it be 50$ or 100$ a month or pretty much anything you can put aside to invest, to start making gains off your investments. If you not sure about where you can start investing there are a ton of online providers this days. There are ROBO advisers such as BETTERMENT, WEALTHFRONT, ACORNS, ROBINHOOD, ALLY INVEST, E-TRADE, etc. If you know nothing about investing and want somebody to pick those investments for you that's the places to start.
9 - Peer-to-Peer Lending
Peer-to-Peer Lending is just like if you're acting as the bank. You become the financial institution by lending microloans. And since it's just microloans most of the cases it's under 100$ with good interest rates.
8 - Deal & Survey Sites
Sites like Swagbucks, InboxDollars, or MySurvey allow you to fill out surveys while you're on the couch, killing time watching Netflix or regular TV and make really good money.
7 - Cash Back Reward Points
Taking advantage of this system by using credit cards to pay all your bills or pretty much everything you buy, instead of debit cards, i mean, you have to pay the bill all along, so why not paying and get some Cash Back Points to spend on airline miles or hotels when traveling. Some people travel without paying a single dime with this system.
6 - Stock Photo Royalties
If you like photography you can make royalties of pictures you take from your camera with iStock.
5 - Write a book
This may sound crazy as hell but it's not, trust me.
The hard part is really writing it but when it is published you get paid for every sale, even after years of being published books can generate income. And if you're not into words (like me) you can always hire a ghost-writer to write your book
4 - Sell Physical Products
Sell whatever you want or whatever you feel comfortable selling, but sell. Selling on Amazon FBA Program is incredibly rewarding. Or maybe create your own Dropshipping store. The point is - everything can be sold.
3 - Youtube Channel
As many of you may know there are youtubers that make millions and even one youtuber that is close to billion (I'm not gonna say which one because he already have enough popularity).
So if you are comfortable in front of a camera just start shooting whatever you like and makes you feel good at, and publish it on youtube.
2 - Creating an Online Course
If you are an expert in any field, mostly like writing a book, creating an online course only takes the creation of the videos, after that it's all about collecting the money.
1 - Blogging
This is no news to nobody. You can start writing about whatever makes you feel comfortable with, share it with the community, and earn from it. Now it's not totaly passive income but well, if you like what you're doing, it will feel like it.
Hope you liked
Cheers
BlueDemon.