Does anyone have any good ideas for making passive income?
I've transitioned over from working for the man and I now stay at home and let money work for me. Do you have any good ideas that you would like to share on how you make passive income?
I'd like to offer up a humble response to your great question, Casey.
After reading your hubs, I believe you can make some passive income from the very same site through which I make an active income. Yep, I'm talking about (who'da thunk?) eBay.
I don't know beans about what I'm about to share with you, but I still believe it's worth a try and that it won't cost you more than few cents yet establishes mini-streams of income.
Write recipes and sell them over and over again on eBay. I don't know the current rules about electronic transmissions of products. eBay may have stopped that. But what I do know is that I see people still selling recipes. A few minutes of scanning similar items and learning how people are doing it might trigger ideas on how you can tweak your recipes for submission and nominal profits. eBay provides you with pages (if you subscribe to one of their three store options) on which you can write eBay guides. These guides, I believe, can be crawled and spread around the internet by Google. I am NOT a high tech person and may be treading water here, so I'll stop while I'm ahead.
In any event, I wish you the very best, my friend! Aloha!
Real estate, stocks are the ultimate passive income investments. Blogging online takes a decent amount of work so I don't really think it is "passive." Buying a multi-family investment property that cash flows is the ultimate passive income investment in my opinion.
Passive income not only gives you financial freedom, but more importantly it gives you the freedom of time. You will find many strategies for creating passive income like investing in dividend stocks, real estate, affiliate marketing. These opportunities will greatly increase your income generating potential, for sure.
I feel, as a former financial planner that the best way is stocks, mutual funds or individual. I would set the account up to draw no more than 4% annually, reinvest all dividends and capital gains rebalancing the accounts every 6 mos. Stocks are liquid, sell any business day, one can borrow against them, and use them as collateral. It is not hard to do this on your own with very little expertise and information.
one of the most profitable way to get huge profit is trading in forex market, but you will need first to learn how to trade well. or you can invest with pro trader and share profit with them.
Stocks - in particular, dividend-paying stocks - are a fantastic way to earn passive income, given that a lot of solid blue chips have been paying, and steadily increasing, their dividends for decades. (And, while it's not exactly passive income (and not without risk), I've found that selling covered call optionss is a great way to earn extra income.)
There are a number of businesses you can get involved in that can generate passive income: a vending machine business, an ATM business, rental property, etc. Personally, I've been writing books and have been fortunate enough to enjoy a modicum of success in that arena.
Have you tried affiliate marketing? That is a great way to earn from home. You just have to remember to treat it like a business and not a hobby. Even if you have to pay for advertising your opportunity will be seen more and more. Check out my website and see all the free to earn opportunities I have available at http://www.affiliatemamma.webs.com
Most of my passive income comes from dividends earned by my stock investments..
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