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Micky Gramlin   My Press Releases

20 Passive Income Ideas by Annie Pilon

Published on 1/15/2019
For additional information  Click Here

 

Image result for passive income

 

"Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it. The U.S. Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income." Wikipedia

 

20 Passive Income Ideas for Entrepreneurs

by  Annie Pilon

smallbiztrends.com

January 7, 2019

 

Passive income is a business strategy that allows you to sell products or services on auto-pilot, so you can essentially earn money without doing extra work. It is understandably becoming increasingly popular with entrepreneurs who want to support a comfortable lifestyle without working seemingly endless hours.

Passive Income Ideas

If this sounds like an attractive option for your business, here are some passive income ideas that you can either add to your existing strategy or form an entirely new business around.

Ebooks

If you’ve always wanted to write a book, you can very easily self-publish your work and offer it for sale on platforms like Amazon, where you can earn royalties. Amazon offers up to 70 percent in royalties depending on your rates, and you can publish in about five minutes.

Online Courses

If you want to offer your information in a bit of a different format, you could create a course on your own website or on platforms like Teachable or Udemy. Once you complete the creation of the course, students can purchase it and move along at their own pace without any extra work from you.

Affiliate Marketing

If you have a blog, website or even just a few social media accounts, you can include some affiliate links to different products or services and earn money every time someone makes a purchase based off one of your referrals.

 

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Print On Demand

The print on demand industry is expected to grow to $10 billion by 2025. With that in mind, it’s more viable than ever to create products with your own custom designs, but then have your POD service of choice actually create the products and fulfill the orders.

Website Templates

If you’re a skilled web designer, you can create templates for people to download and add to their sites on their own, rather than only offering custom services that require tons of work.

Printable Art Sales

For artists or photographers, you can offer your products as prints that customers can simply print on their own. So you don’t have to actually create and ship the physical products.

Stock Photos

Another idea for photographers, you can upload your work to stock photo sites and then earn money every time someone purchases or downloads one of your images.

Music Licensing

For musicians, you can make your work available for companies or individuals to license and use. You earn money for every download or every time your songs are used in a new project.

 

Image result for passive income

YouTube Channels

YouTube brought in nearly $4 billion in estimated ad revenue in 2018. So you can earn a potentially large income by uploading videos to the platform and then watching those ad dollars roll in. You may need or want to upload videos regularly, which isn’t especially passive. But you don’t need to provide a specific product or service directly to customers.

Video Sales

If you want to provide content directly to customers, you can still create videos that are helpful or instructional in some way and then sell them. Set up an auto-responder or automation system to deliver the videos upon a completed purchase.

10 Today and 10 on the next post!

Thank you for stopping by!

Micky Gramlin

mickygramlin.codeblue@mail.com

 

Image may contain: text

DigitalWorldConnection.com

Source

smallbiztrends.com

Picture Source

Google

 

Annie PilonAnnie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird, and exploring all that her home state of Michigan has to offer.

 

 

 

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