You don't have to be a product guru to license an idea to a company. Although the process to create a passive income this way is a long one, it can pay off big. Stephen Key suggests taking products to equipment manufacturers and seminars to get them into the hands of companies like Coca-Cola. 18. Become a business silent partner While building websites may be a common trade, it’s not exactly categorized under passive income ideas. However, building purchasable themes for WordPress is. We’ve selected this niche because it’s a way to have a constant stream of income without the need for recurring work. I would clean one mess, only to make another over the next few days, and it didn’t really matter because I lived by myself and it seemed like such a hassle. Side Income March 18, 2015 at 5:42 am It takes some research to find a blog worth buying though, kind of like choosing the right rental property. There are some minimum criteria that should be met before you delve further. The blog should be at least 12 months old and get at least 10,000 visits a month with at least half those coming from search engines (meaning the site’s SEO is pretty good), and it should be under-monetized meaning the current owner isn’t fully exploiting the potential. Women & Finance March 18, 2015 at 11:06 am Ask Marco! 4.1 out of 5 stars 5 customer reviews This article contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page. In accordance with FTC guidelines, Frugal Rules would like to disclose that it has financial arrangements with some of the entities mentioned herein. Frugal Rules may be compensated if visitors choose to click on some of the links located throughout the content on this site. Frugal Rules is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Email address Mythbusting, SPI style Deal sites almost feel antiquated these days.  But people are still using them, albeit in less volume. Over to you – 10. Create an Online Store with Drop Shipping Check out YouTuber Mike Vestil, who explains his own journey from 30 views per video to earning over $100 a day in this blog post. Put your money to work while you sleep.

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Filed Under: Most Popular 5.5% return with good downside protection would be a great return. How The Laundry Method Saved Me Time and Made Me Extra Cash. Those are some of the best ways to earn passive income. One more way I’ve heard a lot about is Dropshipping. When you read the title to step 3, I bet it made you shake your head. $20 Amazon Gift Card from Personal Capital Hoping for about 8% cash on cash return. Thanks for posting such great ideas! I’m interested in a dropzhipping business. Exactly how does one get an opportunity to sell/work with manufacturers? "You miss 100% of the shots you don't take" Learn more about the basics of options trading here. Top 5 Passive Income Ideas for Increasing Your Cash Flow Small Business Monetize Your Expertise by Selling Digital Products (There are a TON of companies out there that are not ethical, and I know a lot of the typical tricks management companies use to unfairly increase their profits at the owners expense). Erez Cohen Currently reading your article How to Make Money Blogging. The reason it is so good is due to transparency. You are giving real numbers and sharing a huge part of yourself with your audience. Plus you went all out and gave a fantastic amount of detail. This makes for a really, really good post. It’s an 80 hour hr a week business. I run one so I know. Thank you for writing this! That said If you can get it right Vending machines can be good, but can easily be bad. advertising Reducing a fixed expense is the financial equivalent of creating passive income. This is certainly true when it comes to credit cards. Published 15 days ago $3,500 Earn More Newbie looking for advice (self.passive_income) What type of business are you in? Great article Paula! I’ve been investing in rental real estate for the last few years. Finally starting to make enough money off it where I can seriously look at ‘retireing’ or at least moving overseas where I can live on much less money and spend my time doing things I enjoy more. In this way, a single photo could represent a residual income opportunity, since it can be sold again and again. You simply need to create your photo portfolio, put it on one or more photo platforms, and then the activity becomes completely passive. All the technicalities of photo sales are handled through the web platform. 2.0 out of 5 starsNot a lot of detail. “Knowledge truly is power” By Retire Before Dad in Debt, Entrepreneurship, Investing, Lending, Personal Finance, Real Estate, Stocks Rent Your Stuff: Effort 2 Rewards Could I ask what your 4 passives are? I’m just beginning and have saved up some money and looking for my first passive income. Would like to know what works best for you? This is assuming you’ve got an idea of the type of keywords you want to target. August 18, 2014 at 8:25 am Handpicked Pros Some good writing here! I am a realtor myself and frequently get in touch with clients that consider buying a realty estate a conservative of investing. I once heard of a transport company in Vienna, Austria, which focused their entire profit on buying eventually every house available in the downtown for about 80 years. That must be some of a passive income! passive income ideas|Tell us what you think passive income ideas|Take our quiz! passive income ideas|Sign up online at
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