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I hadnt really thought about this idea until I came across an online bedding shop recently. Continue reading >
Obviously this is not too passive and somethings could be a biaaaatch to bargain with (i.e. anything large that doesnt fit in your closet), but hey, this is just another form of rental income and the ability to benefit in rental money week after week is really cool. Continue reading .
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Therefore the idea here is simpleyou build the website and do the online marketing, whilst someone else generates the info product, whether that be an ebook, online class, template or whatever. You move 50-50.
I love this idea and weve teamed up with a lawyer friend to make some legal kits for online sale. Continue reading >
Were getting distressed with this one. Like David Hasselhoff on the restroom floor, drunk and desperately trying to figure out how to consume his cheeseburger desperate.
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Peer to peer lending is basically what the name says; 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 world). You lend say $25 to every person (you and a few 100 other people collectively give that person enough money for their loan). Continue reading >.
If you look at the success stories on Tim Ferriss 4 Hour Work Week Blog, youll notice many of these involve individuals who had a issue, couldnt find an easy solution and so decided to simply get an innovative product manufactured themselves.
Theyve then gone and set up a simple online store many using Shopify and spread the word through online networking, guest articles via an affiliate program. Continue reading >
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It's significantly harder to startup a business from scratch than it is to get an existing (and successful) business and expand it.
So why not simply stump up a couple thousand and then have a cash-generating machine in your hands Continue reading >
In todays world we dont suffer from a deficiency of information, we suffer from a scarcity of available informationthe kind that's organized and simple to use.
If you can organize an unwieldy body of knowledge into one tight, succinct set, you can charge for it like a mofo. (I apologize for not setting a very good example with this comprehensive and organized article on all the different passive income streams around;-RRB-. Continue reading >
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In case youre not super excited about risking a bunch of capital to make and promote a product, but you have thoughts for products that fill actual openings in the current market, you could turn into a professional inventor.
I dont want you to think so complex. I mean, Subway aint really all that passive, since the system needs so much support from head office; out of food supply to leasehold into training, mind office aint a passive place to be. Continue reading >
I kinda hate myself for including this as its not really going to net you much greater than $1k a year in income to speak, but every dollar counts.
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Well, if you get someone to look after the fulfillment side of things, pretty darn passive. Continue reading >
Oh no! There are many horror stories of people investing in their mates bar or bar or whatever, that the thought sends shivers up my spine. Continue reading >
Deal sites almost feel antiquated nowadays. But people are still using them, albeit special info in less volume.
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Before we jump in, a fair word of warning this is gonna take some significant work, but can pay off big time. Its important to think outside the box with this idea and realize that any niche can get the job done nicely. Continue reading >
Sites like Cafepress make it super easy to publish designs, which means exactly like with 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 to their interests. Continue reading >
The upfront work can involve a fair bit of programming, even if you do use a lot of template and existing off-the-shelf applications. Continue reading >
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This is a favorite passive income stream for lots of WordPress developers, especially of plugins, and it additional reading is also quite popular amongst bloggers that pump out plenty of helpful content for free (eg Steve Pavlina) not to mention a great lead generator for prospective premium product sales.