How you can create passive income with little to no money
Did you know that passive income is the only way you can generate money asleep?
When I first knew what passive income was and that I can start right away with no money. I became obsessed with finding the right ideas that would cover my expenses.
I’m now at a point where I’m still striving for passive income to support myself and my family.
What exactly is passive income?
The initial downtime you put into passive income can be as involved as starting a blog or as simple as logging into a robot-advisor platform and investing $100.
You can earn passive income whether you’re an entrepreneur with a brilliant business plan, a talented artist, or just happen to have little extra cash to invest.
Here is a list of income streams with little to no money.
is #1 on the list because it is one of the most flexible jobs you can have, and the earning potential is limitless!
Blogging is one of my Favourite forms of passive income. I make money just for people reading my articles from ads, so if you’re reading this article, thank you :-).
When you get a nice amount of people reading your articles, it brings in a nice income.
I can assure you; I did not write this article today and yet I’m making money from it.
Possible money earnt? I know bloggers making between $2,000-$100,000+ per MONTH.
It is basically selling someone else’s product for a commission.
That commission could be anywhere from 5% to 75% for every product you sell successfully.
The monthly subscription affiliate product are the ones you should be looking for. Hint they have a high commission!
Most famous affiliate marketing place is amazon associates.
If a person bought your recommended product and also added 5 other things to the total you will get a commission on all the products that person bought in a day.
Create an online course
Whatever field you feel like you are good at, you can create an online course in that field and sell it online.
Create loads of courses and put them up for sale.
With the right social media promotion these courses can earn you a very decent income.
Sell unwanted stuff
This might seem inefficient and boring, but it is one of the ways I and many businesses online make money.
Researchers show that most households have on average $10,000 worth of unwanted stuff. Use websites like Gumtree (if in Australia), eBay and amazon.
I use marketplace on Facebook, it is a great place for active users. After purchasing your items successfully, look for great deals on those places to buy an item. Sell the item and keep looking for good deals.
It might take time and patience. You Keep doing this you will higher your income.
Lease any extra space
Have you got an extra room in your house that is completely empty?
Then it is the time to lease it out or give it up for rent.
This would come to no extra cost as you can make extra cash from tourists every holiday.
There are plenty of ways and opportunities around you that could turn into an income stream for you. It is all about the mind-set and hard work.