Want to know the secret of how smart people are making their money online these days? It goes a little something like this....
Since the early 20th century, the United States Dollar has lost approximately 99% of its value, in real terms. Anybody that tells you different is completely clueless when it comes to economics and finance. So, why is this important to you? What does it have to do with you? Well, if you are an American and rely on using the US Dollar to purchase things, it means that Dollar you hold loses value EVERY SINGLE DAY! Don't believe me? Look at the facts. The current rate of inflation, according to the Federal Reserve, is almost 3%. The current interest that you can collect on your bank account ranges from .00-.05%. When you subtract the rate of inflation(3%) from your interest rate(.00-.05%) you get negative 2.95-3.00%. Which means this year, if you have no money invested, you will approximately 3% of your purchasing power. And that is just on the surface. Housing and rental rates are increasing at a much faster pace and will continue to do so as interest rates rise.
College tuition and health care costs have gone exponential, and everyone should be afraid. Which brings us to my personal philosophy of money—If you're not making money on your money, then you are losing money on your money. Making money on your money is what we call an Investment. An investment that requires little to no active involvement, therefore, is what is known as Passive Investment. And that is the key to generating Passive Income.
As aforementioned, if you just leave your money in the bank with virtually no interest rate income, you will necessarily lose money. So what do you do? How do you save your purchasing power? That's what I'm here for and I'm gonna give it to you straight up! After extensive research, I have discovered at least a dozen of the top passive income strategies designed to help you keep your purchasing power intact. While there are dozens of these passive income strategies, I decided to limit it to 8 of the easiest ones. These require little to no startup money, but can be very lucrative. Here we go!
- Niche Blog
If you have any expert knowledge in aparticular subject, or even a strong passion, starting a blog is for you. Number one, it costs virtually no money and can be automated. Always remember automation is the key to any business. Niche Blogging is quite simple. Here is the step by step(in-depth methods will be introduced in our future guides/courses):
• Most Important-Choose Your Niche!
• Find a Host
• Fill out the Blog
• Find Advertisers
• Automate
NEVER FORGET: Choose a niche! Without a niche, you will not have the targeted traffic that is required to build passive income. Among others, you can create a nature based, exotic cars, legal information, fashion blog, etc. WordPress is probably the most popular blog hosting service and even has free options. We HIGHLY recommend doing some trend research to see what is being searched the most to give you a hint of what kind of traffic you will be able to attract. You can also host on godaddy.com or wix.com. These websites contain a variety of website building and hosting options. Watch some tutorials on how to build websites. It's not that difficult, so get to work!
Once you are set up, you must find an advertiser. This can be done by manually contacting companies in your niche category or setting up a pay-per-click service like Google AdSense. Google has made it very simple to begin generating revenue from this service. You just choose what type of ads will appear on your site, choose the location you want to place them and wait for your next paycheck. (Obviously it's a little more coplicated, but you get the idea).
- Ebook
Just like a website, an ebook is essentially a digital asset. Once it is out there, you can continue to make money on it FOREVER. Thankfully, with the awesome power of the internet, you can even self-publish your ebook FOR FREE. The Kindle ebook platform has become incredibly popular in the past couple of years, thanks to Amazon's Kindle Direct Publishing system. Also, millions of people have adopted tablets, paving the way for hundreds of millions of devices to perfectly display books in this format. With all the tools available, including tutorials, templates for ebooks and free publishing platforms, there is no reason or excuse for not creating an ebook.
Helpful Publishing Tools:
• Smashwords
• Tredition
• Amazon Kindle Direct Publishing
• Nook Platform
• Kobo
- Rent out your Stuff
Own a house, apartment, condo, car or even a bicycle? Well, then there's good news. Thanks to the Internet, you can basically rent out anything you have—and make some good money doing it. Just ask this guy. Disruptive companies like Airbnb offer on-demand property rental services, matching property owners with third party guests. Once you list your property, all you need to do is hand over the keys once booked. The same mesh/sharing economy concept applies to similar services. You can even rent out your parking spot...
Notable Mentions:
Airbnb(Property Rental)
Tripping(Airbnb Competitor)
VRBO(Airbnb Competitor)
Homeaway(Airbnb Competitor)
JustPark(Parking Space Rental)
Spot(Parking Rental)
SpinLister(Bike Sharing)
GetAround(Car Rental)
Turo(Car Rental)
BoatBound(Boat Rental)
- Sell Stock Photos
If you have a high quality DSLR or Mirrorless Camera, and a passion for photography, you are in luck! There are sites that you can make money off of selling your photos.
• Fotolia – Earn 20-63%. Exclusivity is not required though some rules apply to pricing once a certain rank is achieve. Payment is made via Moneybookers or PayPal.
• Alamy – this site offers a 50% royalty and no exclusivity clause. Nice!
• Shutterstock – Contributors earn 20-30%. Payments are made monthly with a $75 minimum. Shutterstock does not insist on exclusivity. You are free to sell your stock elsewhere.
• Dreamstime – Earn 20-60% from each sale. Has an active community.
• iStockphoto – Contributors earn 15% from each download. Exclusive Contributors earn 22-45%. Payments can be requested up to twice per week by PayPal, Moneybookers or Payoneer Mastercard with a $100 minimum balance. Checks are mailed on the 15th and 30th.
• FreeDigitalPhotos.net – Keep 70% of your sales revenue. Payments are made via PayPal with a $10 minimum.
• Bigstock – Earn 30% from individual downloads and up to $0.38 royalty on subscriber sales. Payments are processed once per week upon request with a $30 minimum balance. Receive payment by check, PayPal or Moneybookers.
• Demand Media offers freelance positions to photographers. Payment is like clockwork twice per week. Rates will vary by assignment. These must be exclusive photos and you give up all rights to the work upon sale.
• Adobe Photo is a newer one, and they have highly professional photos, vectors, illustrations, etc. These are very expensive, so there is obviously a lot of money to be made on this site! Adobe gives contributors approximately 33-35% commission every time somebody buys your photos. Do the math: If you sell even one photo at about $80, you can make about $25! Just for selling your photos!!! Give it a try if you want ;)
- Create an App or Website to Generate Ad Revenue
If you are good at creating apps, you are more likely than most to have a high income potential. App coders and designers make 5-10 times more than the average person. Website creators can also generate significant amount of income, using the same strategy. So why not put that talent to good use? Making an app requires a significant amount of time, but it is well worth the investment. Especially if it is an awesome app.
The idea behind this is to create a passive or active app(active apps make more obviously) and simply put ads on your app or find a specific advertiser for affiliate marketing. Every time somebody sees or clicks your ad(s) in the app or website, you get a predetermined quantity of money for the view or click. When you aggregate enough views and clicks, you have a powerful passive income stream. This is the short and sweet version of it, but essentially, put your coding skills to good use and you will win.
- No-Risk Design Business
No-risk design businesses are popping up everywhere--and KILLING conventional retail. Why? Because the whole process is insanely easy. Essentially, you create a design(or pay someone), add the design to a t-shirt, or whatever the widget, and spread it around social media. It's called social selling, and it is extremely effective. There are people making thousands-hundreds of thousands per month--selling t-shirts! The best part is, you do not have to hold any inventory! Just simply create, apply, share and voila! You have yourself a passive income strategy that costs you essentially nothing up front. However, the most effective way of selling relies on paying for Facebook and Instagram Ads.
Here is a list of companies that allow you to create a design and sell it without any upfront costs. Each of these is worth looking into based on how you want to go about playing this game:
- teespring.com/
- GearBubble
- Fabrily (Bought by Teespring, now Teespring Europe)
- Represent
- Teechip
- Teezily
- Printful on Shopify
- Merch by Amazon(https://merch.amazon.com/landing)
- Dividend Stocks
A dividend is simply a percentage of a company's profits distributed periodically(quarterly, yearly or randomly) to shareholders. Dividends are usually calculated as a percentage, or yield, of the company's share price or dividend per share(DPS).
For example, a dividend yield is calculated by taking
Dividend Per Share is calculated differently. The formula is DPS = (D - SD)/S where D = the amount of money paid in regular dividends, SD = the amount paid in special, one-time dividends, and S = the total number of shares of company stock owned by investors
For example, if you owned $1,000 of a stock and it paid a 5% dividend yield, and dividends are dispersed annually, you would get $50 a year just for owning it.
If you are interested in Dividend Stocks, I would do a lot of research. Obviously, stock investing is incredibly risky, so learn as much about these companies as possible before investing. For dividends, here is a list of the top dividend distributors on the NASDAQ: http://www.nasdaq.com/g00/dividend-stocks/?i10c.referrer=https%3A%2F%2Fwww.google.com%2F
If you are interested in learning more ways to make money online, through active or passive income, please FOLLOW< UPVOTE, COMMENT and join my Facebook Group!(click the banner below to join).
