53 Legit concepts for residual revenue to earn further cash in 2020

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Everyone who has heard of the concept is looking for passive income ideas.

Why?

Passive income is essentially money that you earn when you do nothing or relatively little. It can be money you earn while you sleep, or money that you earn and continue to earn with minimal work or overhead.

According to Investopediaresidual income is defined as:

"Money is earned regularly with little or no effort on the part of the person who receives it."

That sounds like money for nothing, doesn't it?

This article introduces 53 passive income ideas to get you started in 2020.

Would you like to learn how to generate residual income?

Then let's get started:

Create a blog or website

You can Start a free blog with WordPress, However, you will have limited knowledge of what to do with it and how to monetize it. It is better to invest a few dollars for a domain name and hosting. For example, Namecheap You can get started for less than $ 10 a month.

Bluehost There is usually a special where you can get hosting for just $ 3.95 a month and a free domain if you sign up for a year. You can use any of the free WordPress themes to create the blog.

I worked hard years ago to build a collection of blogs and websites. My weekend carpet stain removal website used to produce over $ 1,000 a month Adsense Earnings (the easiest way to monetize a website). Although my website empire has now largely failed, I still earn a few hundred dollars a month and haven't viewed most of my websites in over a year.

warning: This passive income idea can be a great way to make a big living, but getting traffic is key, and it's more difficult than ever. There is no guarantee that your efforts will pay off.

Still lost?

Here are some key points You need to consider when starting a blog.

Buy a blog or website

If you have some money and want to avoid the work and uncertainty of building a successful blog or website, just buy one … or two or three.

At least there is Five ways to rate a websiteHowever, if you want residual income, avoid speculative purchases. It is not the potential that interests you, but the current earnings.

Various earnings multipliers are suggested, but you should probably not earn more than 24 months for a website. For example, if a website generated about $ 200 a month, you can buy it for up to $ 4,800.

In theory, this equates to an annual return of 50% of your investment ($ 2,400 / year). However, since you want residual income, you are unlikely to work on the website, so earnings will decrease over time. It can even fail due to a change in Google's overall algorithm, and then you will lose everything.

You can afford to lose everything on one or two investments if you get a good return from the others for years. You can Buy established websites on Flippaand can even search the listings based on income and price criteria.

I can try that more seriously. My experience so far has been limited to buying a website for $ 100 that produces around $ 8 a month (I later sold the website for $ 700).

Buy income-generating real estate

My wife and I have owned rental properties several times now. One thing I like about it is that unlike corporate profits You usually don't pay self-employment tax on rental income, If you don't pay that extra 15.3%, it really helps.

In my book, rent is not necessarily “residual income”. After all, you usually can't relax and forget about your qualities. If I deduct a reasonable $ 15 an hour for my work on the duplex we owned last year, the remaining "return on investment" was pretty bad.

On the other hand, you can make the activity more passive if you hire management. We did that when we rented out our Florida apartment a few years ago. We have never met the tenant and had a call to approve a repair.

Become a real estate lender

My wife and I lent money to an investor at 10% interest. He used it to turn homes over at a profit (we always had a first mortgage on them for security reasons).

It was nice, but the money came back to us every five or six months and we had to do a deal everywhere. So later we borrowed a rent and collected 9% for years.

It can now be even easier to find deals thanks to new peer-to-peer cash platforms such as ground floor, They give loans with a term of 6 to 12 months at 5% to 25% interest and allow you to invest only USD 10 in each loan.

Buy REITs

If you like the idea of ​​real estate income, but don't want to look for or buy houses, put your money in Real Estate Investment Trusts (REITs). These companies invest in real estate and regularly pay dividends to investors. They act like stocks.

search a list of REITs to find the ones that match your criteria. For example, you can get the highest returns, or focus on residential REITs or those that invest in office buildings.

Affiliate Marketing

The concept is simple enough; Link to a product on your blog. If someone clicks on the link and buys something, you will receive a commission. Relevant products for your blog can be found on a List of top affiliate programs,

As my websites performed well, I made hundreds of dollars a month with affiliate links. For example, I earned 7% when someone clicked a link on my backpack website and bought a sleeping bag, and I received a $ 30 commission when a visitor to my Brain Power website clicked a link and a sentence Bought meditation CDs.

I still get occasional affiliate checks from websites that I haven't looked at in years.

If you don't have a blog or website, You can post affiliate links on Facebook, Of course, this is a more active way to make money, as you'll have to keep posting to keep the links showing for more than a few days.

Rent out your garden

This is an interesting thing that may surprise many people, but there are actually people out there who want to rent your garden for a campsite. This can be cheaper for people than traditional Airbnb.

Where to start: There are websites like gamping (Yes, this is G-A-M-P-I-N-G) so you can rent your garden to potential campers and earn a bit more money. Plus, you don't have to have them in your house!

Create an Etsy shop

Etsy is a website where you can create your own internet storefront to sell handicrafts. If you're someone interested in crafts, if you do it as a hobby and take about an hour to create an Etsy shop in a day, you may be able to reap some important rewards in the future.

You can set up any type of product and set any price, and people can either choose to buy it or not. You can set up a work of art for $ 1000 and it could sell in a year or two, then you have $ 1000! It's all up to you.

Where to start: consequences this guide Etsy creates when starting an online shop

Refinance your mortgage

Traditionally, the idea of ​​refinancing your mortgage may contradict the idea of ​​passive income, but many people actually pay a lot more for their mortgage than they could, and refinancing their home with a better interest rate could drive your reverse passive income. A. very much.

Where to start: Do your research and maybe even pay a small fee to a financial advisor to find out how to find the absolute lowest interest rate so you can cut unnecessary costs and save tons of money on your mortgage every month.

Rent space on your vehicle to advertisers

You may have seen this before when you drove to and from work. A personal vehicle with huge advertising on its side as if it were a bus or some other form of public transport.

Where to start: There are many websites, such as WrapThis way, you can connect to companies looking for someone to advertise personal vehicles.

Sell ​​goods on Amazon

Amazon has a great little thing to upload graphic designs to, and Amazon prints them on t-shirts to order in case anyone should be interested.

This is a great option if you have an established brand you want to make goods for, or just have a fun little idea or graphic for a t-shirt you think people are interested in. Very little work is required, a bit of graphic design. Amazon does the rest for you in return for a very small fraction of the profit.

Where to start: You can find this under Merch.amazon.com,

Sell ​​unused clothing online

This could cheat a little because you have paid for these clothes in the past so you don't necessarily get money out of nothing, but while most people bring all their old clothes to donation centers, few realize that there are many second-hand items -Shops and websites that are willing to pay you a little more money for your old clothes as long as they don't have lush mustard stains.

Where to start: You can check the Internet to see if there are second-hand clothing stores near you. If not, you can go to second-hand clothing websites such as ThredUp,

Become a brand ambassador

If you are a social animal, you can offer your services to either a local or a popular brand and check if they are interested in becoming a brand ambassador. This pretty much means that you spice up the brand and its products.

Brand ambassadors usually take some logo stickers, a little product, maybe some brochures, and a good level of brand positivity with them. You can go to social events, festivals or just simple places and distribute products and loot that spread the good word of the brand, let people try the product for free and get people to think positively about the brand in the future.

You get paid for your services in advance, but many brands also let you issue a code that customers can use to earn some commissions if customers buy the product.

Where to start: Here is a helpful instructions to become a brand ambassador

Use the premiums provided by your bank

We all see that financial rewards are offered by our bank or other financial institution, but not everyone knows how lucrative it can be to use these awards.

You won't get any assets to retire with, but by taking full advantage of all rewards from different financial institutions, you can definitely save money and increase your reverse residual income.

Buy a food truck

With the advent of popular microbreweries and music festivals, food trucks are becoming increasingly popular. Food trucks are trendy and people are always interested in trying out a new food truck when it pulls up.

You can invest in a food truck that is far less expensive than investing in an actual restaurant or shop. You can hire a small crew and earn a lot more than you invested in a short time.

Where to start: Here is a helpful instructions when starting a food truck

Sell ​​stock photos

If you enjoy taking photos and are good at them, you can offer them for use on any of the online platforms where you pay royalties. Here are three of them:

Most people don't post their earnings on these websites, but at least one man says He earned $ 1,255 in royalties the first 4 months of 2017. That's an average of more than $ 300 a month.

You need to upload hundreds of photos to numerous websites to earn a decent income. However, once you have a large portfolio, you can charge license fees for years.

Some stock photo platforms are very selective. So send your best photos as samples. I was denied membership of two platforms after sending them ten really good pictures (it must have been the camera).

Music license

Just like selling your photos, you can earn passive income with your artistic passion. You receive a license fee every time someone licenses your music for a YouTube video, commercial, video, or movie.

Register as a notary

You have probably been in the position to notarize something, and you have realized that anyone and their mother can be a notary as long as they have the necessary documentation and registration.

Why not become one yourself?

You just have to sit there for a second and watch the paper sign and then sign it yourself.

That seems pretty passive when you ask me.

Where to start: Taking the steps to the notary is fairly easy. You simply register and pay a small fee. Then open yourself up to an almost unlimited residual income.

You can advertise your services online or practically anywhere the message appears. I saw small business owners who put signs saying "We notarize" on their shop windows.

Use a few good cash back credit cards

I've already written about it Ways to make money with credit cardsHowever, many require continuous efforts so that they do not generate a “passive” income. The exception is if you only use cashback credit cards for all your normal purchases.

For example, use a Citi double cash card With normal purchases you get 2% back. Use one American Express Blue Cash everyday card Get 3% back in grocery stores. You can earn hundreds of dollars in cashback over the course of a year with no additional effort (you may need to sign into your account and click these redeemable buttons).

Become an angel investor

Of course, one of the first things people think of when thinking about residual income is investing in the next big company.

Use your intuition and your own business sense to bet on the chances of these small businesses and make an educated guess which has the talent and drive to become the next big thing.

Where to start: Use websites like angel list will help you connect with small businesses trying to be the next big thing. You can invest a little or a lot and choose the deal that you think is most likely to strike gold.

Flip Stuff on eBay

Selling things on eBay is a great way to make money so a lot of people have made it a full time job. If you spend a little time each week looking for items on the Craigslist or Flea Market and then listing them on eBay, you can generate a lot of residual income with very little effort. You can also sell the strange antiques you have collected from relatives and other things in the house.

Where to start: check out ours Definitive guide to getting started on eBay

Invest in dividend stocks

A list of Dividend stocks with the highest yield is more exciting than bank accounts. The top ten of the S&P 500 pay between 5% and 8.4%. If you saved 100,000 and got an average return of 6%, you would have a residual income of $ 500 a month.

The problem here is that companies that pay so much are most likely to fail (will Kohls survive wiping out the general retailer?).

I want to invest in solid companies like Walmart and Coca Cola that rarely cut their dividends. Unfortunately, their dividends are currently 2.5% and 3.2% – too low for risk.

When the price drops, the dividend per share is the same, which means you get a higher return on your investment. So maybe you want to do what I'm going to do. Wait for a market correction and buy a diversified portfolio of companies that will last for decades or longer and at prices where dividends represent a return of 4% or better.

It can take a while for stocks to be cheap enough to implement this strategy.

Create your own podcast

This is for the creatively inclined. It is best to consider this as a hobby that could potentially lead to a passive income in the future. So if you need money now, don't go into this to see those dollar signs right away.

Podcasts can be a fun pastime that has the potential to become lucrative in the long run.

Maybe podcasts will be incredibly successful and can generate huge sums of money through monetization through corporate sponsorship and ad space during the term, as well as through fan donations and possibly even by selling their own goods.

If there is a topic you are passionate about and want to talk about what you think might interest others, all you have to do is find a microphone and possibly a few interesting guests and you are well on your way to becoming one Your own podcast runner.

Where to start: Take a look at that How to start a podcast tutorial by Podcast Insights.

Become a social media influencer

Nowadays, it seems that anyone can become a social media influencer.

If you want to share a lifestyle that other people may find interesting and / or similar, it can actually pay off to become an Instagram model or influencer if you do something that you already do in your free time.

The most popular Instagram models and influencers make money with donation sites like patreon, Sponsorship, affiliate marketing and sales of own products.

Where to start: You probably already have an Instagram account. The next thing you need to do is figure out how to shape your life. What is the word…. Interesting!

Rent your car

There is a lot of money for every car owner in the rental car business. Especially since people prefer peer-to-peer business to large companies like Enterprise or Avis.

If you've ever rented a car, you may have been amazed at how much you have to pay each day to drive a car that you don't own.

You could even buy a car to rent if you're worried that people will break and destroy your own car. If you live in a big city or a popular tourist destination, you can rent your car almost every day of the year.

Where to start: Websites like Turo You can rent your own car.

Buy bonds

Bonds are essentially an investment in a company or agency that is like a loan you have granted for which you receive interest over a fixed period of time. Bonds can be bought cheaply or for a higher amount of money and guarantee a return.

This is a relatively low-risk investment, but it also means that the money you make is not too fancy. Depending on how long the bond runs, inflation can also swallow up a good portion of your profits.

Many people recommend small-income passive bonds if you're someone who has a lot of money and doesn't want to gamble big on stocks, but many others think the potential benefits are not worth the effort.

Where to start: If you are interested in bonds, you can find many online marketplaces such as Stoever glass That will show you some affordable bonds that you can buy, or you can go to a private investment firm.

Invest in a private equity fund

If you have some capital in your bank account and you don't know what to do with it, merging into a private equity fund is a great way to potentially earn some of those huge passive income funds down the line.

Essentially, private equity funds only invest some money in a group fund, which is then invested in a long-term project.

It's like investing with friends.

This isn't an option for everyone, but for those who have the capital, private equity funds can bring you a good residual income later.

You won't get the money today, or probably this year, but if you play your cards right and use your business acumen and intuition to find a good fund, you can add some of the extra zeros to your savings down the road ,

Where to start: According to the SEC guidelines, only qualified investors invest in private equity.

Basically, you have to meet these two guidelines:

An income of $ 200.00 for singles or $ 300,000 for couples in the past two years. A net worth of at least $ 1 million without your home's equity.

optional: As a manager, director or general partner of the company in which you invest.

Create a YouTube channel

Earn money with Youtube is as easy as clicking the "Monetize" button when you upload your video. How much you earn depends, of course, on the traffic you get.

Years ago I created a YouTube show about ultra-light backpacking. It was a fun way for my wife and I to go to the Colorado mountains we used to live in. At best, $ 80 was generated per month, but the earnings flowed in for years without any additional effort.

This is better than nothing, but much more is possible. For example, Rosanna Pansino earns $ 6 million annually with videos about baking, I suspect that if she stopped uploading videos, she would still have a decent income from her YouTube channel for years.

This is fun and allows you to both express yourself artistically and possibly earn some money on the side.

Use savings apps

While this is not exactly "generating income from nothing", there are many apps that can be used to passively round up your transfers and purchases to a few cents and save this money for you.

You won't even notice the small amount you need when this happens, but in a few months or years you will be creating a huge pool of money from these apps that you may be extremely grateful for. This is a great way to get a reverse residual income and make sure you always have some money available for difficult times or future investments.

Where should I start? Qapital and acorns

Publish an e-book

Any book can be an e-book, but I like the fact that the format is suitable for short, easy-to-write books that can be sold inexpensively. For example, years ago, in three days, I wrote a handful of short books (less than 20,000 words) on topics ranging from ultralight backpacking to real estate investments (my hobbies) and uploaded them to the Internet Kindle Publisher Platform,

I generally sold it for $ 2.99, from which I received a license fee of $ 2.09. They're gone now (sales went down and I didn't want to update them), but I've collected hundreds of dollars a month in royalties for years. By the way, these are peanuts. Self-published author Amanda Hocking made millions with their ebooks.

The owner of this blog – Jason Wuerch – also created his own book called 101 Free Money Making Apps and makes between 10 and 20 sales a month.

If you have a website that you can promote, you can also sell your books as PDFs ClickBank, I did that too and earned a few thousand dollars a year for years.

Success is more difficult now and I don't make e-books anymore, but if you have the time, you don't need a lot of money to try it out. A Kindle Publisher account is free and costs only $ 49.95 to create a ClickBank provider account.

Publish a paperback

License fees from a book are a great source of residual income. Do the work in advance and the money can come for years. While fiction is more difficult to sell, it can deliver royalties for a longer period of time, as nonfiction books tend to be out of date quickly.

For example my book 101 weird ways to make money is old information now (I wrote it in 2010). I received an advance and royalty checks for thousands of dollars, but now it's only a few hundred dollars every six months. On the other hand, I haven't invested any time since I initially spent two months writing it and doing a few interviews.

The chances of being published by a traditional publisher are slim (I was lucky), but if you've written a book, you can give it a try. There are clear advantages if a large publisher advertises your book.

If that fails, you can publish on platforms like for less than $ 100 CreateSpace, Again, the chances of success are slim, but you can combine a self-published paperback with the next strategy.

Create an audiobook

Finally, a good third point in the triangle is to turn your book into an audiobook by either telling it yourself or paying a small fee for it to be done by a professional to maximize the passive income from your writing efforts.

Indeed, audiobooks can be one of the most lucrative forms of writing as there are so many people who are interested in a subject and are curious about what you have to say, but don't want to take the time to sit down and read it for themselves.

Many people create an audiobook while driving to and from work, or doing sports.

Where to start: Of course, start writing and publishing your own e-books or paperback. When you publish a book, don't skip it. Audiobook sales increased to over $ 1 billion in 2018!

Grow marijuana (if it's legal where you live)

Seriously … on this last part.

Do this only if it is legal where you live.

If you're interested in gardening (or marijuana), this could be a great little side project for you. There may be a bit of work and overhead, but the amount of people who have struck gold in the marijuana industry is not something to laugh about.

Where to start: If you have a green thumb and extra space, there are websites like Grown citizens This will pay you to grow marijuana on your property.

Invest in domain names

This is an extremely clever and one of my absolute favorite types of passive income.

People who are not Internet savvy may not even know this concept, but every single website or domain address you come across is essentially an online property. What some people do are brainstorm ideas for a future website or domain address that someone wants to create and buy before they ever get interested.

For example, you could buy the domain "bobsveganrestaurant.com". If a guy named Bob wants to open a vegan restaurant in the future, he'll find that you own the domain name and may want to buy it from you for a year, amount of money that is far higher than what you bought it for.

Dies ermöglicht es Ihnen, wirklich klug zu werden und Ihre Intuition und Ihr Geschäftssinn zu nutzen, um Domain-Namen zu finden, die in Zukunft möglicherweise lukrativ sein könnten.

Diese Idee des passiven Einkommens mag am wenigsten bekannt sein, aber sie kann äußerst profitabel sein.

Kaufen Sie die Rechte an Medieninhalten für Lizenzgebühren

Jedes Mal, wenn Sie einen Song in einem Werbespot, einer Fernsehsendung oder einem Film hören, ist das Geld in der Tasche eines anderen.

Wir haben erwähnt, dass Sie Ihre eigene Musik lizenzieren, wenn Sie Künstler sind.

Aber wussten Sie, dass Sie die Rechte an der Musik anderer Menschen besitzen können?

Die Verwendung eines Songs in einer anderen Form von Medien berechtigt jeden, der die Rechte an diesem Song besitzt, zu einigen Lizenzgebühren.

Und diese Lizenzgebühren können sich summieren!

Verwenden Sie Ihr Geschäftssinn und Ihre Intuition, um einige Teile auszuwählen, von denen Sie glauben, dass sie in Zukunft lukrativ sein könnten. Sie können eine riesige Aktie kaufen und sogar Ihren eigenen Marktplatz erstellen, auf dem Sie günstige Lizenzgebühren für Low-Budget-Medienunternehmen bewerben.

Wo soll man anfangen: Online-Rechte Marktplätze wie Lizenzbörse Hier können Sie einige Medien ansehen, deren Lizenzrechte zum Verkauf stehen.

Haus / Haustier sitzen

Das Haus eines anderen zu beobachten, während er nicht in der Stadt ist, ist eine einfache Möglichkeit, Geld zu verdienen, während Sie schlafen, zu Abend essen, auf der Couch sitzen, fernsehen, mit den Daumen drehen … Sie verstehen.

Im Durchschnitt können Tiersitter 30 bis 80 US-Dollar pro Tag verdienen.

Arbeitskräfte auslagern

Für diesen Schritt müssen Sie über ein Unternehmen und / oder eine gefragte Fähigkeit auf dem unabhängigen Markt verfügen.

Wenn Sie ein Unternehmen besitzen, planen, eines zu gründen oder in Zukunft eines zu kaufen, ist dies das Richtige für Sie.

Der nächste logische Schritt als Geschäftsinhaber besteht darin, Menschen zu finden, die „die Arbeit für Sie erledigen können“.

Sie können die Arbeit als Mitarbeiter oder Freiberufler an andere Personen auslagern oder an White-Label-Unternehmen auslagern.

Wenn Sie die Arbeits- und Managementfähigkeiten eingesetzt haben, um ein großartiges Team zu entwickeln, und sie es aus dem Park geschlagen haben und alle Arbeiten erledigt haben, die Sie auf sie werfen können, warum nicht etwas Geld verdienen, indem Sie Ihr Team arbeiten lassen für andere Leute?

Die Leute werden Sie dafür bezahlen, einen Service abzuschließen, ein Produkt zu erstellen oder eine Aufgabe für sie zu erledigen. Wenn Sie jemanden haben, der die Arbeit für Sie erledigt, müssen Sie sich nur zurücklehnen und Ihr kleines „Splitter zum Liefern“ einsammeln.

Mieten Sie Ihre persönlichen Gegenstände

Ok, ich verstehe, was du denkst …

"Ich verstehe es, mein Haus zu vermieten, wenn ich weg bin, und vielleicht sogar mein Auto, aber meine persönlichen Gegenstände?"

Yes.

Dies ist eine, an die die meisten Menschen nicht denken, aber Tatsache ist, dass die meisten Menschen eine Menge Ausrüstung, Möbel oder andere Gegenstände haben, die andere Parteien für ein oder zwei Wochen oder sogar einen Tag leasen oder mieten möchten.

Dies können beispielsweise Möbel, Fernseher, Werkzeuge oder Gartengeräte sein.

Wo soll man anfangen: Es gibt Websites wie Fettes Lama für die Vermietung Ihrer eigenen persönlichen Gegenstände und Websites wie Baby Quip für die Vermietung von Babyausstattung wie Kinderbetten.

Kaufen Sie einen Waschsalon

Sie haben wahrscheinlich Fernsehsendungen wie Breaking Bad gesehen, in denen ein „Geschäftsinhaber“, der an fragwürdigen Aktivitäten beteiligt ist, in eine Autowaschanlage oder einen Waschsalon investiert.

Wussten Sie, dass … Nun, jeder kann einen Waschsalon besitzen.

Wenn Sie das Geld haben, ist die Investition in einen Waschsalon eine großartige Möglichkeit, um große passive Einkommensdollar zu verdienen.

Wenn Sie schon einmal in einem Waschsalon waren, haben Sie vielleicht bemerkt, dass dort kaum jemand arbeitet.

Der Ort ist ein eigenes kleines automatisiertes Geschäft. (Vor-Internet-Ära)

Und wer bekommt das ganze Geld, das Sie in diese Waschmaschinen pumpen? Nun, wem auch immer der Ort gehört.

Investieren Sie auch in ein Kamerasicherheitssystem!

Werden Sie ein Videospiel-Streamer

Wenn Sie in Ihrer Freizeit gerne Videospiele spielen, können Sie dies tatsächlich monetarisieren.

Die Leute sehen gerne anderen zu, wie sie Videospiele spielen, für die sie eine Leidenschaft haben. Es ist fast so, als würden die alten Leute im Park Schach spielen.

Wenn Sie eine soziale Person sind, die zufällig auch ein Spieler ist, ist dies möglicherweise Ihre Sache. Wenn die Leute Ihren Kommentar mögen, denken, dass Sie lustig sind oder einfach nur wirklich gut in Spielen sind, werden sie sich täglich auf Ihre Twitch-Streams einstellen und ihr Geld spenden.

Wo soll man anfangen: Mit minimalen Investitionen in Ausrüstung können Sie sich selbst beim Spielen von Videospielen streamen Zucken und verdienen Sie Spenden von Menschen, die Sie gerne beobachten.

Erstellen Sie eine App

Es wird behauptet, dass jeder eine App erstellen kann, und das gibt es auch Tutorials zeigen Ihnen wie, Ich bezweifle meine eigenen Fähigkeiten, aber vielleicht könnte ich es mit Hilfe von jemandem tun UpWork oder eine andere freiberufliche Website.

Das Schöne daran ist, dass wenn Sie eine beliebte App erstellen, das Geld möglicherweise jahrelang ankommt. Sie können Hilfe beim Verkauf Ihrer Apps über Websites wie erhalten SellMyApp.comund behalten Sie bis zu 90% jedes Verkaufs.

Erstellen Sie einen Online-Kurs

Dies setzt voraus, dass Sie über bereits vorhandenes Know-how in einer Branche oder einem Bereich verfügen, in dem sich die Leute gerne auskennen. Wenn Sie dies jedoch tun, können Sie durch die Erstellung eines eigenen Online-Kurses stagnierendes Kapital umwandeln (das ist dein eigenes Wissen und Gehirn) in passives Einkommen mit minimaler Arbeit von deiner Seite.

There is always an area that we are experienced and knowledgeable in that other people aren’t and finding that niche could be your ticket to some big passive income bucks down the line.

Where To Start: There are dozens of sites where you can sell an online course. The best part about these sites is you don’t have to be a marketing genius since they handle the marketing for you.

Here are a few examples:

Skillshare Udemy Coursera Thinkific Podia

Frugal For Less Resource: How To Make Passive Income From An Online Course

Use Your Property As Storage Space

Okay… so if you live in a large city then you have probably seen the huge amount of real estate being eaten up by storage unit companies and thought to yourself, “Wow, that must be some business”.

No services are being provided, it’s just space, space for people to put their overwhelming amounts of stuff, and the amounts of stuff people have is increasing exponentially by the hour.

You can use sites like Craigslist and other social media to advertise to people that they can use your extra garage or basement to store their stuff for a competitive fee to the professionals and you may be able to make some huge amounts of passive income from relatively nothing.

Investing In CDs And Certificates Of Deposit

This is one of the easiest options that anyone can do, even if they don’t have a lot of money.

CDs, or certificates of deposit, are pretty much like long term savings accounts that you won’t be able to get money out of for a while but will accumulate a good and pre-established amount of interest.

It’s better than a savings account so long as you won’t be needing the money anytime soon.

Also, unlike other forms of investment, you are guaranteed a pre-established amount of returns, even if those returns aren’t as great as investing in a more high-risk scenario.

If you are someone who has some money sitting on the table that you don’t know what to do with and doesn’t want to take a huge gamble, putting that money into CDs is a great way to guarantee some passive income in the future, however light.

Invest In Vending Machines

This is an old classic.

Vending machines are money machines for the right investor. You buy a vending machine, rent out a space to put your vending machine, maintain the stock (this is incredibly easy), and watch as the quarters come rolling in.

I remember as a kid, my uncle owned a dozen or so vending machines around our hometown. He was able to keep them stocked through his busy work schedule.

And the best part?

His house was full of candy every time I visited!

They might have a slightly increased overhead but, in my opinion, it’s worth it. Any vending machine will do, though, and you’ll be able to make a good profit no matter what with minimal investment.

Where To Start: One of the most popular recent options for investing in vending machines is the Redbox, the movie rental vending machine. Redbox is awesome because there is no cash or quarters involved and the product being given is both incredibly popular and slightly more expensive than a soda or candy bar.

Create Your Own Software Or Code

This one isn’t for everyone.

I certainly don’t have the know-how to write software but many people do, and if you have the technical expertise, savvy, and drive, spending a few hours after work coding and developing a software that you think people might have some interest in is an excellent way to make some passive income down the line.

The only caveat is that this one certainly requires some preemptive work and discipline before you start earning those passive income dollars. But if you’ve got the gumption and the ideas, the right software, should there be a market for it, can go on to make you a ton of money.

Peer-To-Peer Lending

If you have money to invest you can put it to work on social lending platforms like Lending Club or Prosper, Etwas investors claim to make close to 12% investing in loans on these sites.

My own experience, investing no more than $20,000 at any given point in the last 9 years, is less successful. I made 6%+ for years, but lately, the return has been closer to 3.5% for some reason(s). It’s still better than the bank, but for a portfolio diversified into hundreds of loans at nominal rates of 10% to 24%, it’s not an inspiring result.

I hope you do better. One nice feature of these platforms is that you can invest as little as $25 in each loan. Also, to make this truly passive income you can use the automatic investing features to reinvest incoming payments.

Rent Out Your Spare Rooms

A common way of doing this is signing up on Airbnb, The process is quite simple. You first have to sign up, provide the necessary details and create a profile.

Afterward, prepare the space you plan on selling. If it’s dirty or needs a makeover, do that before moving to the next step.

Upon cleaning up, enhance its appeal by taking beautiful pictures, preferably of magazine quality. Take photos of different angles of the room to show potential guests what they stand to gain.

If you don’t have a quality camera or iPhone, or if you’re not a pro at taking pictures, ask a skilled friend to do it for you. Of course, you have to have a detailed description of the space under the photos.

Remember to include those features that make it unique. Whether it’s an exquisite view, a hot tub or a fully-stocked kitchen, share away!

The mode of payment of this online marketplace is PayPal. Cash is also directly deposited in your account a day after a guest checks into your space.

Another alternative is doing it the old-fashioned way, without any help from the internet. Be sure to check the state laws in your area to ensure that you’re complying with the necessary housing and fee requirements.

Here are some pointers on how to rent a room in your house successfully:

Put the house in order. Choose a room to rent. Come up with a price for it. Be honest when advertising the room. Don’t rent out the room blindly. Use your intuition. Request for a background check and credit report from a potential tenant through Cozy, Have a written account of the agreement.

Put Your Money in the Bank

Worried about the risks inherent in some investments? FDIC-insured accounts are about the safest thing you can invest in. Of course, you won’t make much of a return.

You’ll do a bit better with online banks. For example, I have money with Ally, At the moment they offer a 1.50% 11-month CD. It has no early withdrawal penalty, which makes it essentially the same as a savings account.

If you park some of your money in banks, check for the best rates at least once or twice each year.

License Your Invention

Maybe you have an idea for making water-ski bicycles or some other invention, but you don’t have money for a prototype and a patent. Or perhaps you don’t want to spend thousands of hours figuring out how to manufacture and market your invention. You want passive income, after all.

The solution is to license your idea to an existing company. Nolo says you can expect royalties of between 2% and 10% of net revenue if you find a buyer. Once the deal is made they do the work and you collect your share for as long as the product sells.

But be ready to fail several times. One survey found that only 13% of inventors who tried to license an invention succeeded

There are people and companies who can help. For example, Harvey Reese, the guy who invented reindeer antlers for dogs (a Christmas novelty that’s been selling for decades), has licensed more than 100 ideas, and he offers his services in a fairly straightforward manner.

I once paid Reese to evaluate my idea for a poetry-creation card game called “Deal-a-Poem” (what was I thinking?). For a couple hundred dollars he told me exactly, and in detail, why it wouldn’t sell. It was money well spent. Well, moving on…

Let Corporations Mine Your Data

Okay, so you may have heard how desperate corporations are to get your personal data. They want to know what you’re looking at on the internet, what you’re buying, etc. If you are someone who isn’t turned off by this prospect then you can allow corporations to bypass the middleman and purchase your data directly from you.

Where To Start: Sites like Mobile Xpression will give you passive income in return for allowing corporations access to your data usage.

If you are someone who is open with nothing to hide and doesn’t mind a little bit of spying going on into your personal life, renting out your data to market research companies is a pretty good way to earn some passive income.

Rent Out Your Lockscreen To Advertisers

This might be mind-blowing for some people (certainly was for me) but you can actually rent out your smartphone lock screen to advertisers.

Where To Start: Using an app called Slidejoy will allow advertisers to take up your smartphone lock screen with ads. If you don’t mind it, this may be a great way to earn some passive income on the side with absolutely no work or overhead involved.

Buy An Established Business

If you’ve got the capital, buying up a business that is already making money can almost immediately put cash flow in your pocket.

There are several reasons that a lucrative business may be up for sale even though they’re making plenty of money. Using your intuition and business savvy to find a good pre-existing business can be your ticket to a couple of extra zeros in your bank account.

It’s best that you have a little bit of know-how about the industry you’re looking to get into but with a little bit of research and possibly some third-party consultation and advice, investing in an already lucrative business is one of the best ways to turn your existing capital into a self-generating money machine.

The goal here is to find a business that doesn’t need much intervention and is already doing a great job and making money. If you have to step in and change things up then every hour you spend working on the said business is an hour where you’re not making passive income.

Final Thoughts

If you read through every passive income idea, you probably noticed some ideas aren’t like the other. That’s because there are four different types of passive income.

Let’s check them out:

Building Assets

This is an avenue of making a passive income that consists of essentially creating a product that will go on to make you money in the future. It can be creating a website, writing a book, creating software, or coming up with a great idea for a t-shirt.

Purchasing Assets

This is an avenue of making a passive income that consists of buying some kind of money-making asset that someone else has created that will go on to make you money. It can be buying an already established and lucrative business, purchasing a vending machine, or buying royalty rights to a song.

Reverse Passive Income

This is called “reverse passive income” because it doesn’t actually generate income but saves you some amount of the income that you’ve already generated. Simply put, reverse passive income is finding ways to save the money you already have. This can be taking advantage of credit card rewards benefits or using cash-saving apps to round up pennies on your purchases and put them into a savings account.

Selling And/Or Leasing Assets

This avenue of passive income is pretty self-explanatory. You take the assets you already have that aren’t generating income and sell them or lease them to other people. It can be renting out a room to someone in need, putting a room on Airbnb, renting out your car or other property, or selling useless stuff around your house that is just taking up space and collecting dust.

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Passive Income Is Easy to Earn

You put enough effort into your day job and it’s time you took things easy and got some money in a simpler way.

There are more ways you can earn some passive income apart from the ones mentioned in this post. You only need to find out what you love doing and capitalize on it.

If what you’ve decided to try out takes time to reap rewards, hey, look on the bright side. You’re building upon great profit in the long run.

And if the first passive income idea you try doesn’t work out at first, keep trying, and you’ll make it.

Carlton Clark

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