Posted on November 5, 2016
Some ideas of making passive income
Making passive income isn’t easy. In fact, it may require a lot of money, time and effort to start it before you begin to see results. Sometimes it may not even be worth the effort if quick money is your main concern.
Here is a list of passive income ideas which I personally find interesting:
- Investment: this may not be an income considering that there’s a level of risk involved, but I think low risk investment such as property investment, stock bonds or stocks that retirement company invest in etc… are a more certain ways to get a stream of income in
- Copyrighted products:
- Book or eBook
- T shirts (drop shipping)
- Poster designer (drop shipping)
- Invent something!
- Online ad network & affiliated market links: This is really difficult considering how you may not have viewers but if you have a huge number of followers then you are likely to be successful
- Websites/blogs: It may take years to create site with decent content but if you have the money, then you can buy websites that already have stream of income (i.e. from flipper) and improve the sites. Note that some website seller may scam you with fake trafficks.
- Youtube: putting ads on your videos and getting commissions is an effective strategy
If you do decide to create a stream of passive income, my best wishes to you! But don’t forget that if money is what you are more concern about, then you may consider investing your time in a certain qualification or work experience that can get you a well paid job!