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Peer to peer lending is essentially what the name states; you throw 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 state $25 to each person (you and a few 100 additional individuals collectively give that person enough money for their loan). Continue reading >.
When you look at the success stories on Tim Ferriss 4 Hour Work Week Blog, youll notice many of them involve individuals who had a problem, couldnt find an easy solution and decided to just 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 articles via an affiliate program. Continue reading >
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It's a lot harder to initiate a business from scratch than it is to buy an existing (and effective ) business and expand it.
So why not just stump up a couple thousand and then have a cash-generating machine in your hands Continue reading >
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In todays world we dont have problems with a lack of information, we suffer from a lack of accessible informationthe kind that is organized and easy to use.
If you can organize an unwieldy body of knowledge into one tight, succinct set, you can control to it like a mofo. (I apologize for not setting an excellent example with this comprehensive and organized article on all the different passive income streams around;-RRB-. Continue reading >
In case youre not super excited about risking a bunch of funds to make and promote a product, however you have thoughts for products that fill actual gaps in the current market, you could turn into a professional inventor.
I dont want you to think so complex. I mean, Subway aint all that passive, since the system requires so much support in head office; from food distribution to leasehold into training, head office aint a passive area to be. Continue reading >
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I kinda hate myself for including this as its not actually going to net you much more than $1k a year in income 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 many horror stories of people investing in their mates bar or bar or whatever, the idea sends shivers up my spine. Continue reading >
Deal sites almost feel antiquated nowadays. But people are still using themin less quantity.
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Before we jump in, a fair word of warning this is gonna take some significant job, but can pay off big time. Its important to think beyond the box with this thought and recognize that any niche can work nicely. Continue reading >
Sites like Cafepress make it super simple to submit designs, which means just like using the stock photography thought previously, you can pump a ton of designs in an afternoon and leave them up there waiting for people to purchase. Continue reading >
The concept is to get a bunch of people involved, creating content through forums and articles, and then sell them all kinds of merchandise and servicesrelated for their interests. Continue reading >
The upfront work can involve a reasonable bit of programming, even should you use a lot of template and existing off-the-shelf programs. Continue reading >
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This is a popular passive income stream for many WordPress developers, particularly of plugins, and is also rather popular amongst bloggers who pump out plenty of useful content for free (eg Steve Pavlina) not to mention a fantastic lead generator for prospective premium product sales.
The notion rests on your own product adding a ton of value to users lives and you also systematically and nicely / in a fun way, 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 visit the website 110 percent i.e. so much so, that you are no longer involved in the daily running of the business.
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The ordinary blog is like the ordinary wardrobea complete fecking jumble, with gold nuggets of knowledge spread throughout 100s of articles.
Just how much more useful would it be to your reader if you created a unified manual Continue reading >
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This is different to the fake store idea above, because here its not an online store were building, but instead a content-rich website with tons of product-focused posts and videos , and matching Amazon affiliate links.