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Peer to peer lending is basically what the name says; you throw a bunch of money into an online account and then divvy it up among dozens of people looking for loans around the country (or planet ). You lend say $25 to every person (you and a few 100 other individuals together give that person enough money for their loan). Continue reading .
If you examine the success stories on Tim Ferriss 4 Hour Work Week Blog, then youll notice many of them involve individuals who had a problem, 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 shop many using Shopify and spread the word through online networking, guest articles via an affiliate program. Continue reading >
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It's much harder to initiate a business from scratch than it is to get an existing (and effective ) business and expand it.
So why not just stump up a couple thousand and then have a cash-generating machine in your hands Continue reading >
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In todays world we dont have problems with a lack of information, we suffer from a scarcity of available informationthe kind that's organized and easy to use.
If you can organize an unwieldy body of knowledge into one tight, succinct set, you can charge to it just like a mofo. (I apologize for not setting an excellent example with this comprehensive and structured article on all the different passive income flows around;-RRB-. Continue reading >
If youre not super excited about risking a bunch of funds to create and promote a product, however you have thoughts for products that fill real openings in the 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 to training, mind office aint a passive place to be. Continue reading >
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I kinda hate myself for including this because its not actually going to net you much more than $1k annually in income so to speak, but hey, every dollar counts.
Well, if you get someone to look after the fulfillment side of things, rather darn passive. Continue reading >
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Oh no! There are many horror stories of people investing in their mates pub or bar or whatever, that the idea sends shivers up my spine. Continue reading >
Deal sites almost feel antiquated nowadays. But people are still using them, albeit in less volume.
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Before we jump in, a fair word of warning this is gonna take some serious 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 >
Websites like Cafepress make it super simple to submit designs, which means just like using the stock photography thought above, you can pump a ton of designs in an afternoon and leave them up there waiting for people to buy. Continue reading >
The idea is to find 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 job 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 many WordPress developers, especially of plugins, and it is also quite popular amongst bloggers that pump out plenty of useful content for free (eg Steve Pavlina) not to mention a fantastic lead generator for future premium merchandise sales.
The idea rests on your own product adding a ton of value to customers lives and you systematically and nicely / in a fun manner, asking for donations. Continue reading >
This is the craziest kind of passive income I can think about, because it essentially involves executing Michael Gerbers e-Myth idea 110 percent i.e. so much so, that you're no longer involved in the daily running of the business.
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The average blog is similar to the ordinary wardrobea complete fecking mess, with gold nuggets of wisdom spread through 100s of posts.
Just how much more useful would it be to your reader if you created a unified manual Continue reading >
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That is different to the fake store idea above, because here its not an online shop were building, but instead a content-rich site with tons of product-focused posts reference and videos , and matching Amazon affiliate links.