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20+ Best Passive Income Ideas from Millionaires
Passive Income Ideas 2020
Do you know what I admire most about wealthy people?
It’s how they think about money.
Their approach is completely different than the “average Joe” and they think about ways their money can work for them, not how they can work for their money…this is also known as Passive Income.
Today I want to give you a brief overview of what passive income is and share some passive income ideas that require an initial investment and how you can create passive income with no money.
There’s no information out there that tops what has been tried, and as you read on you will gain insight on the millionaires and some on their way that so graciously shared their different methods of passive income that’s worked for them.
You will see their examples throughout this article.
If you’re looking for additional ways to make money be sure to subscribe to our mailing list as I often get companies reaching out to me about available remote positions they have and I only share these with my subscribers. Click here to subscribe.
What is Passive Income?
To keep it simple, passive income is money you earn without the need for continued work. It can require a lot of work upfront (even investment) but after some time these income streams can start to build and maintain themselves.
Any work that is done after is usually minimal if any at all.
Active income is when you actively have to do something to make money. A good example of this is having a typical 9-5, if you don’t work you don’t get paid.
Do you see why I like Passive Income? I’d rather not trade my time for money if I don’t have to.
Depending on your occupation, it may be tough to become wealthy if you are solely depending on Active income and even with one form of passive income.
Consider the different forms of passive income on this list and take on what you can.
Note: If you are looking for additional active income ideas we have articles that give you a list of ways to make money from home, online jobs from home without investment, business ideas for women, stay at home mom jobs, and apps that pay you real money.
Passive Income Examples
Common passive income examples include business investments, real estate, royalties from videos, movies, songs, books and a lot more that I will share with you today.
This article is PACKED with tons of great information so be sure to “pin it” so you can refer back to it often.
We’ll start this list with the different forms of passive income that require an initial investment.
This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.
Passive Income Investments Ideas
1. Rental Property Income
Have you ever thought about making a monthly passive income from a rental property(s)? Dustin from Master Passive Income does this and was able to make enough monthly passive income from his properties to quit his 9-5.
Dustin created a FREE Real Estate Investing course to show you how to quit your J.O.B. and live the dream life.
2. Crowdfunded Real Estate
If you want to invest in real estate but want a more hands-off option consider Crowdfunded Real Estate. Real estate crowdfunding is where a group of investors can pool their money in a project and share the profits.
Jim from Wallet Hacks wanted to get more of his investment into real estate (and did until it didn’t work out), so he turned to real estate crowdfunding.
“It’s completely passive, unlike owning a property, and provides cash flow which is nice. You run the risk of defaults but often the return beats expectations. The investment sizes are relatively small, you don’t get the benefit of leverage as you would with property, but it’s waaaaay easier.”
I also had a chance to talk to Andrew from Wealthy Nickel who makes $3,000 a month from his rental properties but is now selling some of his properties and moving the equity into crowdfunded real estate because it’s much more passive.
Andrew and I use GroundFloor where you can start investing with as little as $10!
Click here to get started and receive $10 toward your first investment with GroundFloor!
3. Get Into Real Estate BUT w/o Selling or Buying Anything
Yes, this really is a thing. I met Danielle Pierce who is doing this earning over $400,000 a year WHILE homeschooling her 3 kids!
It’s called Property Preservation or Repairing Foreclosed Homes. Danielle outsources 100% of the work and only does admin work. It’s not totally passive but once you get all your ducks in a row the work just becomes easy.
How much you can make varies but Danielle says it’s very feasible to gross $100k+ or more in revenue within 18 months
To get started I recommend reading my interview with Danielle to see how it all works
4. Selling on Amazon (FBA program)
This is definitely a form of passive income once you’ve done the initial work. Basically, you find good deals on products at brick and mortar stores or online and resell them on Amazon for a higher price.
Ship them to Amazon and THEY ship the products to your customers and handle the customer service!
Jessica from the Selling family made OVER six figures her first year! Check out my awesome interview with her on How to Sell on Amazon.
To get started you can take this FREE 7-Day Email Course she created on how to start selling on Amazon. My sister recently took this course, and she now makes over $2,000 per month on the side while working a full-time job.
5. Peer-to-Peer Lending
Sean from My Money Wizard uses Peer-to-Peer Lending as a great form of passive income,
“As an investor, you’re essentially playing the role of the “bank” providing money to borrowers on the platform. Money is pooled together, so even with a small investment you can diversify your risk across several loans.
LendingClub and Prosper are probably the two most popular platforms. In either case, you’ll still want to cross your fingers for no defaults.”
Riley from Young and Invested also uses peer-to-peer lending through LendingClub to produce cash flow on alternative debt instruments (consumer loans). He earns about 7.5% in his after-tax account and 8.5% in his Roth IRA account with them.
6. Invest in Dividend Stocks
Dividends are a popular form of passive income. Here’s how Investing Answers defines them,
“Dividends are a distribution of corporate earnings to shareholders and usually take place in one of two forms — cash or stock. A stock dividend is the latter of these two kinds of dividends. Each organization’s board of directors determines the actual dividend amount that the firm will pay out. Most cash dividends are paid on a quarterly basis, but stock dividends are generally paid at infrequent intervals.”
Note: I recommend to diversify your portfolio and make sure you invest in companies that have been paying dividends for a long time and are stable.
Faneisha from Girl Talk with Fo uses her dividend income to either reinvest or make purchases outside of her budget and Millionaire Mob wrote an awesome article on 5 Steps to Living off Dividends forever.
7. Invest in Index Funds
An index fund is a mutual fund (or collection of investments) that follows a market (Stock, bond, real estate, etc.). You’re not investing in one individual stock but the whole index like the ever popular S&P 500 (500 of the largest US companies).
Index funds are nice because of the low costs and you don’t have to worry about what investments to choose, rebalancing your portfolio or selling and buying individual companies.
Historically index funds always outperform actively managed mutual funds. There is risk in anything you do when it comes to investing, but history has shown if the index has gone down, it will go back up.
This is a big part of the reason my girl Firecracker was able to retire at 31 with a million dollar portfolio. You can see the full interview here.
8. Start a Blog
Blogging is one of my favorite forms of passive income and it’s one of the best small business ideas.
I make money just by people visiting my website from ads, so if you’re reading this article, thank you :-).
I can assure you, I did not write this article today and yet it’s making me money.
When you get a nice amount of people reading your articles it brings in a nice income. Here’s a screenshot of my earnings from the other day.
I made $400 in one day just from ads. You can see how I make money blogging. I also make money by partnering with companies and becoming an “Affiliate”.
Affiliate Marketing is when you promote a product or service online and if someone makes a purchase through your referral link, you get a commission.
I do this often on my blog and it’s usually products I use myself so it’s nice to recommend something that works and get paid for it.
Get Passive Traffic: I actively promote my articles on Pinterest (I do use a scheduler so a lot of it is passive) and Facebook so I don’t consider this part of blogging to be “passive” BUT Google has started to take notice of my site and showing me some love in the search results.
Organic traffic is what bloggers should want because it’s completely passive FREE traffic. I did a step-by-step example of how I do it in this article.
I love blogging because the earning potential is limitless and you can have multiple income streams from one platform like ads, affiliate marketing, courses, ebooks, etc.
9. Create Printables and Sell them on Etsy
This one won’t make you a millionaire but you can make a nice amount of passive income creating things like planners, budget trackers, etc.
I interviewed Julie who is doing this successfully and she says that you could definitely make $500-$1,000+ in printables.
In my article How to Make Printables to Sell on Etsy she shows us how to get started and make money. You’ll definitely want to check this out.
10. Invest using Your Change
Acorns is a neat way to start micro-investing. It rounds up your purchases to the nearest dollar and invests the difference on your behalf.
You can link as many credit or debit cards as you like and put your “change” to work for you in a low-cost ETF. The service costs $1 a month, BUT for College students it’s FREE!
Acorns monitors your bank account and automatically invests the change from your daily purchases.
For example, if you buy a coffee for $1.75, Acorns will round up to $2.00 and automatically invest $.25 in “smart portfolios”.
I made $60 very quickly without even noticing, it’s a neat way to get your feet wet investing.
There are no fees associated with withdrawing, just keep in mind that it may be more of a tax implication for the following year.
Bonus: Sign up with my link here and get $5 to invest and they will plant an oak tree to help the world around us grow.
11. Earn $75 or more as an UpVoice Panelist
Get paid for the time you spend on Facebook, Instagram, Amazon, YouTube and more.
I did a full review of this site, and it’s literally one of the easiest ways to make money online. Currently only applicable to candidates in the United States.
12. Create an App
Have you ever had an idea and said, “Hey, there should be an app for that”? Well, stop thinking about it and just do it. This is a cool way to make passive income once you create it.
Jackie from Jackie Beck created an awesome app to help people with their finances called “Pay Off Debt by Jackie Beck”. The amount she makes a month varies widely from $5,000 to a more consistent $400 a month.
Jackie learned a lot creating her app and shares with us some tips if you want to create one:
- You will need to create two apps; one for Apple and one for Android because they are on different platforms.
- To reduce costs, learn how to code yourself otherwise expenses will typically range from 10k-20k depending on how complex the app is, and there’s no guarantee the app will be profitable.
- If you won’t be doing the coding yourself, make sure to get multiple references from the owners of live apps they’ve developed. Test out the apps yourself, and talk to the owners about what their experience with the developers was like. (Were they on time? Easy to work with? On budget?) Otherwise, it’s very easy to get burned or to get in a situation that doesn’t work for you. Make sure it’s “work for hire” too so that you actually own the code.
- Have a clear idea of what your competition looks like, target audience, and business model. (Paid app? Free with ads? “Free” with you collecting customer’s data and selling it? “Free” with you collecting customer’s data and sending them targeted offers that will then pay you?)
Jackie chose a paid model because she didn’t want to use people’s information that way or being unable to control the ads that might appear.
“Choosing a paid model has meant that it’s the Apple version of my app that mostly sells since Android users seem reluctant to pay.
When you’re ready to promote the app, getting reviews is key. You can typically have a popup coded within the app to ask for them, or if you have buyers sign up for an email list you can request them that way too. Of course, getting your app seen or reviewed on blogs and using SEO is key too.”
13. Create an Online Store with Drop Shipping
Drop shipping is a method where you can sell third-party products from a Drop Shipping Company without ever seeing or shipping the item. When you make a sale, the product is shipped directly to the customer from the drop shipper.
Your profit is the difference between what you charge your customers and what the drop shipping company charges you.
Here is a great infographic to show how it works:
Theo McArthur has great success with drop shipping and created a course that teaches you how to launch your first profitable Dropship Website in 14 Days or less and grow your income to $10,000 per month in profits.
How to Create Passive Income with No Money
14. Video Royalties
Did you know sites like Yahoo, CNN, Associated Press, and others purchase video licenses before they post them on their sites? We’re talking basic videos from your smartphone.
If you have any videos on your phone that’s quirky, topical, newsworthy, funny or interesting you can likely sell it over and over again.
Peter from Seller at Heart has made over $4,000 from uploading videos from his smartphone to sites like Newsflare and Rumble.
Peter says, the simpler the video, the better. It has to be raw up to a point, as professionally edited footage doesn’t seem to go viral all that often.
Here is an example of a video Peter submitted.
15. Create a Course
Turn what you know into an opportunity to teach others through a course and get paid every time a student purchases your course or watches it if you promote on Skillshare.
Skillshare is an online learning community where anyone can discover, take, or even teach a class. The courses are available through subscription and you’ll earn money through monthly royalties (based on minutes watched in your classes).
Maddy from The-BlogSmith made $1,000 posting a couple of videos and gets a consistent $50 a month.
The more videos you make the more you can earn. Maddy talks about best practices for using Skillshare here.
Some other popular platforms to create a course are:
Your skills and experiences are unique and valuable, think about what you could do and if it’s something people could learn from.
16. Write an Ebook
Similar to creating a course, you can also consider writing an ebook. Michelle from Michelle is Money Hungry shares how you can make $500 a month with Ebooks and how she does it.
If you don’t have a problem to solve you may have a personal story. Think about what you could write about or do something you’ve been wanting to do and document your journey for an ebook.
Do you want to write a book but not deal with any publishers going the traditional route? I understand as it can take sometimes years or never make it out.
Joseph from My Work from Home Money makes $2,000 a month for books he’s already written and promoted himself. He goes in great detail on how he self-published his books on Amazon.
This is a great way to get your story out there and make a nice passive income.
18. Sell Your Photos
Do you know what Stock photos are? They are professional photographs anyone can license for creative use.
Instead of spending time and money hiring a photographer, many bloggers, business owners, and advertisers use stock photography. Like me!
Images are SO important, and that’s why it’s a good market to get into because the demand is HIGH.
You do not need to be a professional photographer, but you do want to make sure you can take good quality photos. Here are some great tips on better stock photos.
Post your images on sites like Shutterfly, Istock, Foap, EyeEm and your image(s) can sell over, and over again making a nice passive income.
19. Get Cash Back From the Stuff You Buy Anyway
I think one of the smartest ways to make a passive income is by using a cash back credit or credit card with rewards. You have to pay for food, gas, bills anyway, so why not get a percentage of that back if you can?
My husband and I use one credit card on everything because the more you spend, the more points you accumulate. We pay our monthly statement off in full, so we never pay interest.
This is FREE money. We use our Chase Freedom cash back credit card rewards on Christmas gifts and traveling, we made over $600 this year and had over $500 from the previous year.
If you sign up for the Chase Freedom Credit card as we did you get a $150 bonus if you spend $500 within the first 3 months. That should be easy to do if you use it on everything like us.
Stephen from the Firelane uses multiple credit cards that provide him with the following:
- 6% cash back on Groceries
- 3% cash back on Fuel
- 4% cash back on Dining Out and Bars
These net him $40 a month on $1,050 in purchases after accounting for fees. For all of the spending that doesn’t fit these categories, he uses a 1.5% return card.
Nathon from Millionaire Dojo made $800 by spending $5,000 in three months with the Chase business ink card. He’ll cancel it before he gets charged the $95 annual fee, but can’t beat that kind of money just for putting his regular expenses on a card!
Andrew from Wealthy Nickel just got $1,000 from Ally Bank from moving his savings over there, plus earned about $1,200 in credit card bonuses this year so far.
As you can see, we all use these incentives differently, but most importantly we use them. Are you taking advantage of these benefits? If you can be responsible and pay your bills on time, I highly recommend you try this out.
20. Cashback Apps
If you aren’t using apps like Dosh and Ebates, you’re losing money.
Dosh is a cash back app that is COMPLETELY passive. I downloaded the app and linked my credit card, so every time I shop, eat, travel, and more at participating local and national merchants I get a percentage back.
I forgot I had this app, and I was out to dinner with my husband for our anniversary and received this email after we paid below
and this keeps happening when I use my credit card at participating merchants!
I’m a big fan of the cashback site Ebates for making money through purchases I was going to buy anyway.
It’s just like using a coupon, except all money is earned after the purchase has been successfully tracked
I rack up my Ebates account during Christmas because I do a lot of online shopping. $43 is not bad for money I was going to spend anyway
Click here to get $10 when you spend at least $25 online with Ebates.
Trim is another neat app I like to use, it acts as your Personal Finance Assistant and can negotiate your Comcast bill, car insurance, and more for FREE.
You could easily save $100 or more with this app. Click here to download Trim and start saving
21. Digital Downloads
Make a digital item once and sell it again and again and again. You can create things like greeting cards, templates, invitations, printables, sewing patterns, and more.
You do not have to know photoshop to do things like this. I like to use the free version of Canva, and it makes me look like I’m a professional Graphic designer or even good old Microsoft PowerPoint.
Shopify is a great platform for this, they make it easy to get your shop open and your products out there.
22. Merch on Amazon
Mike from Budget Kitty is experimenting with Merch by Amazon, which is a way to design and sell T-shirts on Amazon.
Once you upload the design Amazon handles everything and sends you royalties for each shirt you sell.
It requires some work up front, but once you have a portfolio of T-shirts, you can relax and enjoy a very passive income stream.
Who doesn’t at least consider starting a YouTube channel after reading how this 7-year-old made a whopping 22 million dollars in 2020 from being on YouTube? While I’m happy for the little guy, I’m trying to figure out how can I get a piece of that pie.
YouTube has recently changed the way you can make money but don’t let that stop you. See how my friend Ryan is earning 5-figures per month with his YouTube channel and how to start a YouTube channel from his partner in crime that’s doing the same thing.
If you don’t care to be in front of the camera and have computer-related content, you can use screencast software like Camtasia or Loom and do step-by-step tutorials or how-to videos. Consider your talents and make some money!
24. Rent Out Your Space
Do you live in a prime location or have a room to spare? Consider making money with Airbnb.
Airbnb makes it simple and secure to host travelers. You’re in full control of your availability, prices, house rules, and how you interact with guests.
For a little peace of mind, Airbnb covers every booking with $1M USD in property damage protection and another $1M USD in insurance against accidents.
Riley from Young and Invested generates $400/month on average from his unit listed on Airbnb.
I hope these passive income ideas inspire you to start a new revenue stream. When I started making money online, I was convinced that anyone can do this. I will be honest and say that it takes a lot of work, determination, and patience but it’s worth it.
“Do what you have to do, so you can do what you want to do later.” Denzel Washington.
Did you like this article? Be sure to subscribe to our mailing list as I will continue to update this list with more passive income ideas and additional ways to make money, save, and invest.
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20+ Passive Income Ideas from Millionaires
24 Best Passive Income Ideas in 2020
Updated January 29, 2020 By Deacon Hayes
Some of the links included in this article are from our advertisers. Read our Advertiser Disclosure.
I worked a traditional 9 to 5 job for many years and eventually I got burned out. I would work long days, including weekends, and I had little show for it.
Do you know what that feels like?
I knew that I wanted more freedom and the idea of passive income became very appealing.
I had heard of many people quitting and replacing their full-time job with passive income, but I had no idea where to start.
This pursuit led me to start this blog where I now make six figures per year.
If you want to learn legit ways to make passive income then keep reading.
Table of Contents
What is Passive Income?
Passive income is where you get paid over and over again for work that you did once.
I now have multiple income streams that are passive, many of which are included below.
Top Passive Income Ideas
By choosing the right type of passive income, you can invest your time the way that you want to. It is a way of buying back more time.
There are so many opportunities out there to make residual income in network marketing.
However, this is NOT one of those “things.” These are legit ways for you to make money while you sleep with something that fits your passion, experience, or skill-set.
1. Invest in Real Estate
Real estate can be a great way to make money while you sleep.
However, I decided to buy a couple rental properties in my early twenties and I had a much different experience. I had a tenant who was late on his rent consistently, I had a hot water tank flood the first floor, and I even had to evict said tenant.
It was not as glorious as I thought it would be.
Since it costs so much to purchase a home, I decided to check out crowdfunded real estate instead.
Many of the platforms out there require you to be an accredited investor, which means you need to have a net worth of $1,000,000 or make over $300,000 per year (if you are married).
Since that was not the case for me, I decided to look for other, more accessible options.
One company that I came across (and actually invested in) is called Fundrise. With only $500 you can get started and invest in more than 48 real estate products through real estate investment trusts.
I like it because it yielded a higher return then my initial traditional real estate experience and I no longer have the headaches of actually having to manage the properties (or the people).
2. Dividend Income
Dividend income is money paid to shareholders of stocks in the form of cash. Dividend-paying stocks are especially enticing for those wanting to make a living with passive income, as they will get payouts each quarter or so. Even Warren Buffet historically is a fan of dividend-paying stocks.
If you are going to go this route, make sure that you educate yourself and pick solid stocks so that you can depend on for dividend income for years to come.
If you don’t have an investment account, check out M1 Finance because they allow you to trade U.S listed stocks for FREE.
This is awesome because many brokers charge around $10 per stock trade.
3. Peer-to-Peer Lending
Peer-to-peer lending is when you loan other people money who don’t qualify for traditional financing.
Initially I tried a higher risk option called LendingClub, however, even in the conservative portfolio of loans I only made 4.54%.
If you are looking for a lower risk option with a decent return, check out Worthy. They offer $10 bonds and pay a 5% return. One unique thing about them is that your money is liquid, so you can take it out at anytime.
This means if for some reason you need your money back, you are able to access it quickly and easily.
4. Get Out of Debt
The less money you’re paying in interest to creditors, the more money you have in your pocket each month. Getting out of debt quickly can increase your income even more because you’re no longer paying interest to creditors each month.
One way to speed up your debt payoff is to lower your interest rate. If you have high-interest debt that you want to get a lower interest rate on, check out Credible, which offers loan rates as low as 5.95% APR with autopay for refinancing your credit card debt.
5. Open a High-Yield Account
Are you looking for a low-risk way to make income passively?
Then look at opening a high-yield account with an online bank.
For instance, CIT Bank pays more than 10 times traditional banks and they are currently are paying up to 1.75% which is unreal.
They have a $100 minimum to open and there are no monthly service fees.
They are also giving a bonus up to $300 for opening an account. Click here for more details.
While this won’t make you filthy rich, it will be a safer way to make consistent income and not lose your money since they are FDIC protected.
6. Rent Out a Room
Do you have an extra room that you rarely use? Why not rent it out to someone looking for a short-term rental on Airbnb. Millions of people use Airbnb to find a place to stay instead of staying at a hotel, sometimes even for months at a time.
You can hire a maid service to clean and prep the room after a guest leaves. If you hire a property management company, then this will eliminate work on your end and make it truly passive income.
My friend Steve and his wife make over $1000 per month renting out their spare bedrooms.
7. Write a Book
Once the initial work of creating the book is done, selling books can be a great way to produce some serious residual income.
I actually wrote a book called You Can Retire Early where I get a 10% royalty for every book that gets sold.
Once your book is available on a site like Amazon, you could receive a check each month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is vital. Obviously, the more time you spend marketing your books, the more money you’ll make.
8. Affiliate Marketing
If you have a website already then this is a no-brainer. Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.
If you don’t have a website, you can start one for less than $3/month. That’s the price for getting a website host – a company that stores your website on servers so it can be viewed on the Internet. Click here to get special pricing of $2.95/month with Bluehost.
Affiliate marketing can be a great way to make money from home. All you need is a computer and a website.
Going the affiliate route is awesome because when people click on the affiliate links on your site, you receive a commission at no additional cost to them.
All they have to do is purchase a product or service and you get the credit for it.
9. Lead Generation Website
Another way to make passive income is to create a lead generation website. Lead generation websites exist to give referrals to local businesses.
So, let’s say you created a lead generation website that focuses on real estate. You’d use the site to educate people about home ownership. Or, you’d educate them about real estate investing.
Within the site you’d have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their area.
The real estate professional would pay you for the lead. It’s a warm lead and not a cold lead, so professionals would be more willing to pay.
You could also make money by having advertisers on your site. Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages would be vital to success.
10. Sell Products on Amazon
Do you shop on Amazon? Most of the world does too.
Did you know that you can sell your own products on Amazon and have them even ship the products for you? I actually have a friend who has done really well with this as he makes six figures per year selling his own products online.
11. Drop Shipping
With the explosion of eCommerce, drop shipping has become very popular. Here’s how it works: you create an online store that offers products from certain manufacturers.
A person visits your site and orders a product, and then your system sends the order to the specific manufacturer. The manufacturer then completes the order by shipping it directly to the customer.
One of the cool things about this type of business is that you do NOT need to order inventory. The customer pays for the product; you collect the profits, and the manufacturer stores and ships the products to the customer. It’s as simple as that.
If you’re interested in starting a drop shipping business, consider using a platform like Shopify to build your online store.
12. Create an Online Course
Online courses can be a great source of passive income. Here’s how they work: you create a value-packed online course that helps solve a problem or fills a need.
The course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course, and your system automatically emails them everything they need to access the materials.
You get money for the price of the course that you created. A platform such as Teachable can do all the heavy lifting for you when creating your course.
13. Create YouTube Videos
Everyday regular people like you and me are making money on YouTube. Each time someone watches one of your videos, ads can appear, and you can make money from those ads. The key to earning money on YouTube is building a large enough subscriber and viewer base.
It can take a lot of time up front, but once your videos are live there is potential for you to make passive income from each video indefinitely.
Granted you probably will not make a living off of just a few videos. Be prepared to make over 100 videos if you really want this to take off.
14. Start a Business
Owning a business can be a good passive income source. The key is in having the right people running the business for you. Whether it be through the purchase of an existing business or opening a new business, your great business idea can be a viable source of passive income.
Do you want some creative small businesses that you can start for under 100 bucks? Then check out the $100 Startup by Chris Guillebeau. These are all verified businesses that grew to over six figures per year. And they all started with very little money up front.
15. Vending Machine Business
A successful vending machine business can be a great way to make passive income. The key is to find the right places to install your vending machines. Check with smaller brick and mortar businesses. Contact those that have over 100 workers in the building on a daily basis, and see if they need vending machines.
Another key to vending machine success? Ask those workers what items they prefer to have in the vending machine and then stock accordingly. Once again, if you want to reduce the amount of time that you are involved, consider hiring someone to stock the machines for you.
16. License Your Photos
Have you ever wondered how you could make money taking pictures? Do you have an eye when it comes to taking good photographs?
If so, check out a site like Shutterstock. You send your photos to Shutterstock and if they are approved, each time one of Shutterstock’s clients downloads one of your photos you’ll get a paid a royalty.
17. Create a Mobile App
If you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing app that will help people make their lives better, you may land yourself a great source of passive income.
Every app on your phone is making money for somebody, somewhere. For instance, Joel Comm made over $1Million from his iFart app.
We won’t even talk about the ridiculous money that Angry Birds brought in.
While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile apps.
18. Put Ads on Your Car
How would you like to make money just for driving your car and not have to pick up any passengers? By allowing companies to place advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.
Check out Wrapify to see how you might be able to make passive income by wrapping your car with an advertisement.
19. Buy an Online Business
The beauty of an online business is that most will allow you to work from anywhere. Starting one from scratch can take a lot of time and resources. Why not consider buying an already established online business? Websites such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges.
Check to see if there is an online business for sale that is in line with your passions or hobbies. Again, in order for this idea to produce passive income, you’ll need to hire someone to run the business.
20. Buy a Laundromat
Here’s another turnkey passive income business idea. Many cities have established laundromats that are available for sale.
Here is how it would work:
- Buy the already existing business
- Make sure that you have someone to manage the day-to-day operations,
- Then “soak up” the profits.
The reason why you would want to buy an existing laundromat is that the startup costs are pretty high. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.
21. Open a Batting Cage
I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in America. Yet batting cages are hard to come by depending on where you live.
Something to be aware of, though, is that these can require a lot of money up front. You will have to have a big facility, equipment, and someone to run the cage.
So make sure to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may be a more financially sound choice.
22. Product Design
Another way you can make passive income is by designing t-shirts and other products – even with no prior design skills. Sites such as Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc.
Shoppers then visit the site and check out your products. When they purchase one of your designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.
23. Bond or CD Laddering
Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from those investments as cash income during the year.
Although many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This helps ensure a solid income source on a regular basis.
24. Rent Your Stuff
Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent.
Products that you could rent out:
- Extension ladders
- Party tents
- Tables and chairs
- Utility trailers
- Log splitters
You can even rent out your car when you are not using it with a company like Turo.
Just make sure that you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of address from renters.
This will help you to protect the property you’re renting out. For extra peace of mind, consider requesting a security deposit as well.
As you can see there are a ton of ways that you can make passive income. Hopefully, this list has helped you narrow down which source of income is best for you.
So if you’re tired of the traditional way of making money, implement a few of the passive income strategies above so you can start working less and making more money while you sleep today.
**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offering; however, if an indication of interest is provided, it may be withdrawn or revoked, without obligation or commitment of any kind prior to being accepted following the qualification or effectiveness of the applicable offering document, and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum, or prospectus. No money or other consideration is hereby being solicited, and will not be accepted without such potential investor having been provided the applicable offering document. Joining the Fundrise Platform neither constitutes an indication of interest in any offering nor involves any obligation or commitment of any kind.
Deacon Hayes is a financial expert, speaker, and podcaster. As a Financial Planner, he helped many high net worth individuals create a plan with their money. Ten years ago, Deacon created Well Kept Wallet to be a resource that can transform the average persons financial life.
Deacon has been featured in many news publications including Yahoo Finance, US News & World Report, Investopedia, CNN Money, and more.
He is also the author of You Can Retire Early!: Everything You Need to Achieve Financial Independence When You Want It.
Инвестиционный сервис микрокредитования Cashbery (Кэшбери) — обзор и отзывы участников проекта cashbery.com
— место встречи инвесторов и заемщиков
С 11.10.2020 в проекте задержки по выплатам. Администрация должна дать ответ по сложившейся ситуации.
Не рекомендую пока инвестировать в данный проект .
Cashbery — это удобная и простая в использовании кредитно-инвестиционная платформа с различными тарифными планами, страхованием рисков, встроенным обменником, большим количеством платежных систем, бонусами и множеством открытых офисов на территории СНГ и за рубежом ! Вы можете как получить займы, так и инвестировать в их выдачу при этом иметь на свой вклад доходность до 30% в месяц.
ООО “Кэшбери” — является членом “Микрофинансового Альянса России” и представляет собой группу компаний, объединяющую несколько кредитных и микро-кредитных организаций. На все виды деятельности есть соответствующие лицензии, свидетельства и разрешения. Администрация проекта предоставляет официальный пакет документов, кому интересно могут посмотреть на официальном сайте, здесь не буду засорять эфир.
В интернете проект стартанул 19 января 2020 и сходу начал быстро о себе заявлять во всех уголках инвестиционного мира. Проект очень мощный с навороченным личным кабинетом, отличной технической подготовкой.
На июль 2020 года платформа Кэшбери у многих инвесторов уже имеет статус «Повышенное доверие». На протяжении всего времени работы всегда наблюдались стабильная работа, планомерное развитие, регулярное открытие офисов на земле, а также открытое руководство.
Сегодня проект стал единственным лидером среди всех инвестиционных проектов в интернете ! Главным залогом вашего успеха будут правильный выбор инвестиционного тарифа и построение вашей партнерской сети — именно за это вас ждет очень щедрое вознаграждение !
Не смотря на всю серьезность проекта, каждый из вас должен все трезво оценивать и взвешивать, прежде чем куда-то инвестировать. На мой взгляд, платформа Кэшбери достойна внимания инвесторов с любыми финансовыми возможностями и пройти мимо возможности здесь заработать было бы неправильно.
В данный момент проект имеет несколько платформ или направлений деятельности, каждая из которых имеет свой сайт и свое развитие:
Платформа кэшбери — инвестируйте в различные виды займов и операции с криптовалютными активами (старт 19 января 2020)
Лига аукционов — инвестируйте в торги по банкротству
CashTrading — инвестируйте в биржевую торговлю (старт 18 декабря 2020)
Разработка и запуск своей криптовалюты (токена) cashberycoin. Официальный сайт cashberycoin — https://cashberycoin.com (старт 1 июня 2020)
Группа компаний «Cashbery Group»
О Кэшбери за 10 минут
Маркетинг. Основные моменты
Минимальная сумма инвестирования 1000 рублей или эквивалент в другой валюте.
Инвестировать можно в нескольких валютах: в рублях, долларах, гривне, тенге, евро, биткоин и другие криптовалюты.
Ежедневное начисление прибыли: 0,5% – 1,5% в сутки (зависит от выбранного тарифного плана)
Вывод средств происходит раз в неделю по пятницам (регламент на выплаты 72 часа)
Из платежных систем подключено много банков: Сбербанк, Альфа-Банк, МИР, Генбанк, Тинькофф, Промсвязьбанк, Втб24, Русский Стандарт, ПриватБанк.
ЭПС: Advanced Cash, Perfect Money, Payeer, Bitcoin, Ethereum, Яндекс Деньги, Qiwi
Важно ! Депозит начинает свою работу на вторые сутки, т.е. первые начисления будут через 48 часов
Важно ! В компании предусмотрены страховки, которые нужно приобрести обязательно. Делать это необходимо не в самом начале, а по истечении 2-3 месяцев работы — это гарантия сохранности ваших средств, иначе есть риск получить заморозку начислений после выхода в безубыток (после получения выплат в размере 100% от вклада).
Чтобы определиться с суммой вклада вам поможет таблица с расчётом получаемой прибыли в зависимости от размера инвестиции:
Активным инвесторам, кто хочет кроме пассивного заработка в проекте зарабатывать еще больше, доступна очень продуманная и выгодная партнёрская программа !
Привлекая партнеров, вы будете зарабатывать не только от ваших инвестиций, но и получать ежедневно реферальный бонус в течение всего инвестиционного срока !
Кроме реферальных начислений при выполнении определенных условий вы можете рассчитывать на менеджерские бонусы за карьерный рост, директорские бонусы за выполнение оборота, а также, месячные премии за личную активность — все это для вас станет мощным инструментом для заработка не выходя из дома!
Чтобы зарабатывать на партнерской программе, сделайте вклад и покажите знакомым, друзьям или коллегам свою прибыль с инвестиций, полученную на пассиве: за неделю, за месяц, за год. Ваш положительный финансовый результат подтолкнет ваших партнеров к действиям.
Подробная информация по размерам вознаграждений в партнёрской программе находится на сайте в разделе ПАРТНЁРУ.
Отзыв и мнение
Мимо такого проекта пройти сложно и все, что надо для инвесторов здесь есть. Проект Кэшбери кардинально отличается от множества инвестиционных проектов в интернете: это активность “на земле” — уже открыто более 180 офисов, ежедневно проводятся конференции, запущены жилищная и автомобильная программы, налажена совместно-Корейская линия производства собственных косметических продуктов и диетического питания, а также активно развиваются десятки побочных коммерческих проектов !
Администрация очень открытая и не скрывает своих лиц и имён, регулярно проводятся публичные выступления и презентации, имеется мощная круглосуточная техническая поддержка участников, открываются международные представительства. План мероприятий уже расписан вплоть до 2022 года!
В апреле 2020 года было открыто официальное представительство в г.Дубай (ОАЭ), а также получена лицензия на финансовую деятельность на 3 года, а это очень серьёзное достижение, учитывая тщательность проверок и строгость финансовых законов в Эмиратах.
Интерес к проекту у инвесторов и предпринимателей только растёт, многие участники уже стали миллионерами, благодаря инвестиционной платформе, и это только начало, присутствует стойкое ощущение, что Кэшбери пришёл всерьёз и надолго!
Данный проект можно рекомендовать как отличный инструмент для вашего долгосрочного и прибыльного инвест-портфеля !
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