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!
~Joe
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..
by Kristy Callan 12 years ago
What are some ideas about how to earn a passive income?
by Asa Schneidermann 10 years ago
I need some new ideas for PASSIVE INCOME. What are some of the ways you earn passive income?Beside Hubpages and thinking of buying a house to fix up, does anyone have some ideas for me on other ways to earn passive income?
by anubee 13 years ago
Do you believe in the power of passive and residual income? And if so why should everyone...implement it?
by sethpowers 12 years ago
Has anyone had any luck with eLance?I've just recently started here on HubPages and am beginning to see my earnings grow, but I am eager to branch out into other means of passive income. Anyone tried eLance or know any other sights that would provide a passive means of income?
by Jennifer Crowder 13 years ago
I wrote 2 hubs on passive income but I want to know passive income in your own words and how much you are making on passive income??
by Atell Rohlandt 11 years ago
Are you working towards a significant passive income?I realized recently that there's potential for me to earn a significant passive income using Hubpages, if I keep writing more content. I'd have to be consistent in my efforts, and I'm guessing it will take a lot of time, but it's doable. Are...
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