Passive income ideas

PASSIVE INCOME IDEAS What is Passive Income? "TRUE PASSIVE INCOME MEANS NO REGULAR WORK JUST REGULAR INCOME." A second income or a regular passive income is something we would all like, right? But how can someone go about generating it? GET A MOBILE GAME OR APP BUILT Nowadays you can take advantage of 'off the shelf DIY platforms that can enable you to build Apps and Games very cost effectively. CREATE SOFTWARE Similar to an App or Game and, believe it or not, it can also be done more cost effectively. Look at off the shelf platforms and freelance coders to help create the software. VENDING MACHINES & GAMES MACHINES The success factor depends on the location; you need potential customers and a popular machine (game or products, food, beverage) will make or break this idea. ACQUIRE AN EXISTING ONLINE BUSINESS The success will depend on the size of the market and potential profit margins as well as the product or service you are providing along with the dedication of people working for you. SELL ON Ebay There and many ways to sell on eBay but to achieve passive income you need to find manufactures or suppliers that will take care of fulfilment, product packaging, delivery and customer service so you don't have to. DESIGN PRODUCTS If you are creative and can create cool designs for things like T-shirts and or othe novelty goods you can sell them online. You can upload designs for Hoodies, T-shirts, Phone and laptop covers, pictures and more. You will receive a percentage of the profits for any items sold with your designs on. OUTSOURCING You secure the business or jobs then outsource the actual work. Some work will be required, pitching and selling your service as well as managing your outsourcers. You can find and pitch for jobs by setting up profiles on specific job boards and freelance websites depending on the service you are offering. REWARDS & CASHBACK Some people want as many passive income streams or methods as possible on the go as they all add up right. So why not get cash back from credit cards and reward programmes or cash back when you shop? This will not make you rich but it can help you live more frugally to save and invest in other passive income opportunities. BECOME AN INTRODUCER OR REFERRER Some businesses offer cash incentives to refer customers. You will need to research the types of business that do this and build a list of the best ones. You will need to sell yourself by highlighting your business knowledge, track record, and associates or contacts. Then get an agreement in writing and in some cases an NDA (Non-disclosure agreement) so both the business and customers you are referring cannot cut you out of the deals. MAKE AN ONLINE GUIDE OR HOW TO WEBSITE The idea is to write about what you are knowledgeable or passionate about and can therefore share your own experience, expertise and unique viewpoints to add value. However, you can still do this even if you don't know much about the subject. You can outsource the content creation part of this to a ghost writer or white label content provider, or even use royalty free or private label rights (PLR) content to help create the guide. PHOTOGRAPHY Selling stock photos, if you have an eye and talent to capture good images or photos and you enjoy this type of thing then you can submit your images to stock photo sites and receive commission every time someone buys or licences the image. AFFILIATE MARKETING Check out this Podcast http://rainmaker. fm/audio/lede/affiliate-marketing-beginner/ from Rainmaker. They cover topics a range of topics including how to choose and affiliate program, the importance of content creation, advertising and legal issues. This is brilliant podcast which is very easy to digest and action.