Passive Income Ideas That Can Make You Money
Generating Passive Income Streams
I think we have all wanted to make more money or to be able to live our lives not having to worry about money.
I wanted to highlight the following opportunities to make passive income because they are the most straightforward options other than generating content on HubPages that I can think of.
These are some of the most beginner-friendly ways to start making passive income online. Concentrating your efforts on these options, you might just stumble on the key to break the patterns that you are in, say if you have yet to make your first dollar online or you are feeling that little bit overwhelmed with options.
If you are feeling overwhelmed by all of the options then you really can't afford to ignore this article.
With the world changing so rapidly these days, the dream of being able to create passive income streams is a little more likely to become a reality, if you are willing to put in a little effort.
The idea of being able to sit with a laptop and with a little effort generate passive is something that given some time we can all do.
The internet being so readily available these days, we all have the opportunity to
make the most of it and the opportunities that it presents. Right now you're probably reading this with some thoughts rolling around your head of opportunities that you want to act upon to meet your goals of making a passive income.
By leading you through the following ideas, I hope that it will allow you to go forward with a clearly defined path of how to achieve your desired outcome of having a truly passive income stream.
You become financially free when your passive income exceeds your expenses.— T. Harv Eker
The very first way to achieve a passive income is also the best option for those that are just starting out. It is YouTube. Yep, you guessed it. It isn't without requirements and will require some work on your behalf but once get it started you really can achieve great things and find enjoyment in the work you do on a daily basis.
YouTube is that website that you probably already have open on one of your tabs right now. It is one of the best ways to make a passive income and I would probably have to say it is the one that requires the least of you once you get past the hurdles of starting up your channel and video setup etc. and it can be a little bit of fun.
This is probably my favourite opportunity out there at the moment and I think you would agree with me that it is the option that people are having the most success with. I think it is the best because with a little effort you can also utilise this method of passive income to develop the other online opportunities.
The thing with YouTube is that creating videos to upload, really doesn't cost you much at all, if anything. The invention of camera phones and the ease of being able to instantly upload content, has become available to anyone willing to try.
Uploading anything these days is likely to give you some measure of success. Don't get me wrong though, if you upload junk, you are likely to get junk in return if you even get that.
Smartphones now have video camera's of such high quality that at least for the moment it is plenty for this purpose.
There really is no risk to you, taking the time to upload some videos. A video of you talking about your favourite topic or even you showing people around your favourite places (bring on that next holiday) can be just the thing people are looking for on the net.
Can you see just how awesome an opportunity like that is? Whilst you are enjoying your life your already going to be generating content. You don't need to spend any money to start doing this in some shape or form.
Once you know how to make the right kind of videos and do some in some trending topics then more power to you. The is practically no downside to this opportunity that I can think of. Just give it a go.
The concept of being able to upload a video of something you are passionate about really appeals to me, because once it has been uploaded to YouTube, it will persist forever.
People will be able to access it from wherever they are and yep, you guessed it, once you have set up your channel and properly monetised it you will continue to make money off of it for the foreseeable future.
Now keep in mind that monetising a Youtube channel is a bit more difficult now with the new guidelines requiring us to get reviewed after reaching 4,000 watch hours in the previous 12 months and 1,000 subscribers. So not super easy anymore but for those that find video blogging an interesting challenge, it is still doable.
The other option for generating a passive income source would have to be drop shipping. This option is another pretty awesome option and doesn't really require too much out of you.
Drop shipping works pretty simply, you have products that are from somewhere that produces them cheaply, and you basically act as the middle person in the process, connecting the buyer and their product with your customer base.
The site best suited for this is Aliexpress where you will get access to a vast array of products that can be shipped around the world.
The logic of this one is pretty simple. What you are doing is essentially buying a product cheaply and then on selling it with your profit margin added. For example say you purchase something for $5 and then you sell it for $25, well then you get to keep the 20 bucks.
The best way to get into drop shipping is probably using Shopify, it is really easy for beginners. It allows you to set up a website which is basically a storefront and it will basically seamlessly integrate with Aliexpress once you have a little bit of know-how on the topic.
Now bear in mind that this option is not a freebie and it is going to cost some dosh as Shopify has a monthly fee of around $30 a month for the very basic option so if you aim to make more than $30 a month with this method which in my opinion you certainly could it is a definitely cool option for you.
The first month is free so that gives you a decent opportunity to get your site up and running and work out any kinks that might pop up. It will also allow you to work on the overall look and feel.
I hope that this article helps you with your future pathways and keep following as I explore other options for passive income as well as develop a hub around topics that mean something to me.
If your still hesitant about investing your time in creating passive income then I suggest that you source a copy of 'The Barefoot investor', with this book you can learn tips and tricks to help you make and save money in the real world. Keep in mind that this book is pointed at Australian's but some of the techniques and knowledge are applicable the world round.
Please take the time to leave comments below or even discuss what passive income streams you have been working on of late.