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Peer to peer lending is basically what the name states; you chuck a bunch of cash into an online account and then divvy it up among dozens of people looking for loans around the country (or planet ). You lend say $25 to every person (you and a few 100 other individuals collectively give that person enough money for their loan). Continue reading .
If you examine the success stories on Tim Ferriss 4 Hour Work Week Blog, youll notice many of these involve people who had a problem, couldnt find an easy solution and so decided to simply get an innovative product manufactured themselves.
Theyve then gone and setup a simple online shop many using Shopify and spread the word through online networking, guest posts via an affiliate application. Continue reading >
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It's a lot more difficult to initiate a business from scratch than it is to buy an existing (and effective ) business and expand it.
So why not simply stump up a few thousand and then have a cash-generating machine in your hands Continue reading >
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In todays world we dont suffer from a deficiency of information, we suffer from a lack of available informationthe kind that's organized and simple to use.
If you can organize an unwieldy body of knowledge into one tight, succinct pair, you can control for it just like a mofo. (I apologize for not setting an excellent case for this comprehensive and organized article on all the different passive income streams around;-RRB-. Continue reading >
I dont want you to think so intricate. I mean, Subway aint really all that passive, since the system needs so much support in head office; out of food distribution to leasehold to training, head office aint a passive place to be. Continue reading >
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I kinda hate myself for including this as its not actually going to net you far greater than $1k annually in income so to speak, but hey, every dollar counts.
Well, if you get someone to take care of the fulfillment side of things, rather darn passive. Continue reading >
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Oh no! There are so many horror stories of individuals investing in their mates bar or bar or whatever, the thought sends shivers up my spine. Continue reading >
Deal sites almost feel antiquated these days. But people are still using them, albeit in less quantity.
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Before we jump in, a reasonable word of warning this is gonna take some significant job, but can pay off big time. Its important to think outside the box with this idea and recognize that any niche can get the job done nicely. Continue reading >
Websites like Cafepress make it super easy to publish designs, which means just like with the stock photography thought above, you can pump out a ton of designs in an afternoon and leave them up there waiting for people to buy. Continue reading >
The idea is to get a bunch of people involved, creating content through forums and posts, and then sell them all kinds of products and servicesrelated to their interests. Continue reading >
The upfront work can involve a fair bit of programming, even should you use a good deal of template and existing off-the-shelf programs. Continue reading >
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This is a popular passive income stream for lots of WordPress developers, particularly of plugins, and is also quite popular amongst bloggers that pump out lots of useful content for free (eg Steve Pavlina) not to mention a great lead generator for prospective premium merchandise sales.
The idea rests on your merchandise adding a ton of value to users lives and you also systematically and nicely / in a fun manner, asking for donations. Continue reading >
This is the craziest kind of passive income I can think of, as it essentially involves executing Michael Gerbers e-Myth idea 110%i.e. so much so, that you're no longer involved in the daily running of the business.
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The average blog is similar to the ordinary wardrobea complete fecking mess, with golden nuggets of knowledge spread through 100s of articles.
How much more useful is to your reader in the Event You created a unified manual Continue reading >
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This is different to the fake store idea above, since here its not an online store were building, but rather a content-rich website with tons of product-focused posts and videos etc, and matching Amazon affiliate links.