Looking for passive income opportunities? Nearly everyone wants a job with freedom. Most people go to work from Monday to Friday and do jobs that they don’t even like. But because they need the cash, they have to brace themselves and keep ongoing.
Are you one of these people? If so, have you ever thought about passive income?
I want to give you ways to create passive income with little or no money. In some instances, you may want to access credit cards or get a small business loan.
That is done every day by businesses large and small. Understand that one way to get rich is with OPM which is short for other people’s money.
What is Passive Income?
It’s income that you earn without active involvement. You earn cash with minimal participation effort.
Passive income is ideal especially if you need additional money. Sources of passive income unlike getting a part-time job, enable you to save your energy and time.
There are several opportunities out there that can help you create passive income. These are legit ways that you can use to create income with no money of your own.
Click here right now for our review, my personal help, and instant access to our free training videos where we'll show you exactly how we did it ourselves starting out as complete beginners without ANY prior knowledge or experience in marketing online whatsoever!
My 7 Income Ideas
1. Affiliate Marketing and Advertisements.
These are two significant ways for you to make money through your website. If you already have a site, then you are ready to go.
Affiliate marketing is an ideal way to create passive cash when people click on the affiliate links on your website. As a result, you will get commissions when people purchase the products or services.
You can also advertise products on your site. You can do this via Google AdSense or MediaVine. You will get income for views and clicks.
2. Create an Online Store with DropShipping.
Due to the rise in online shopping, dropshipping has become an ideal way to create passive income.
Dropshipping entails the creation of an online store offering goods from particular manufacturers. Therefore, when a client visits your site, he/she can order a product.
The system then sends the order to the manufacturer who will accept and ship the order straight to the client. It’s simple, and no money is required of you. All you have to do is act as the middleman and collect the profits. You can use a platform like Shopify that will help build your online store.
3. Create an Online Course. It’s a simple idea.
You can choose an issue or a topic of study that you are good at.
You can present it in form of eBooks, pictures, or videos on your website. Customers will buy the information from you. The system can then send the content to them via email, and you will receive payment for your information.
4. Write an eBook.
Once you are through with the actual work of writing an eBook and marketing it, selling it can be a great way to generate passive income. Especially, if your book is available on sites such as Amazon.
You can be sure of getting money on a monthly basis for doing nothing at all. Plus, you can also sell it in eBook format to your colleagues or friends.
Click here right now for our review, my personal help, and instant access to our free training videos where we'll show you exactly how we did it ourselves starting out as complete beginners without ANY prior knowledge or experience in marketing online whatsoever!
5. Put your Photography to Work on the Web. Are you a fan of photography?
If you are, then you can create passive income without spending a cent.
Photography sites such as Shutterstock and iStockphoto offer platforms for you to sell your pictures. You will need to come up with a photo portfolio in which you will add several pictures. From there, you can make some cash from selling these photographs.
6. Start a top-tier business.
You are going to sell big-ticket products. To get started you will need to take out a small business loan or access a credit line or credit card if you have them. Borrow $8,000 to cover start-up and marketing costs.
I am going to give you an example of buying a digital franchise with resell rights for $6500. The one that comes to mind right away is TiDom.
You will buy the rights to sell these digital products for $7000 which is sent to the seller of the opportunity. At this point, you are 100% qualified to start selling and making money yourself.
The digital products you are promoting cost, $2K, $3500, or $6500 and you keep 100% of what you earn. You spent $7k to get started out of the $8,000 you borrowed leaving you $1,000 for marketing costs.
You can spread this out over 3 months and should have plenty of money to start making sales. The Prosperity Nexus Group has a complete program where you can use their system for free.
All you need is a phone to follow up with your leads. You can even automate the whole process and refer people to online webinars for sales and training.
7. Wealthy Affiliate – One of the Best Passive Income Opportunities Online Today!
This is a training program that will teach you how to make money in affiliate marketing. I recently read an issue of Forbes magazine where they published tips from the top 100 business minds.
I was impressed at how many of them credited education as the foundation for their success. Not so much going to college, but rather getting educated on how to do things in your business more effectively.
That’s what Wealthy Affiliate can do for you. They have a 10-part free training course you can start with, and if you like that you can get a permanent monthly membership with them.
Final thoughts
These are ways you can create passive income without using your own money. They are great opportunities.
You can choose one that suits you and enjoy passive income by working less. Start with other people’s money if need be and get busy creating ongoing income streams that pay you over and over in the future.
If you need help choosing the right Affiliate Program, check out my #1 recommendation on building a successful Affiliate business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, personal private assistance, my personal help, and much more.
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See the 4 steps to working online from home & earn residual income
Dear David,
Thanks for sharing the valuable ideas on making passive income.
“Once you are through with the actual work of writing an eBook and marketing it, selling it can be a great way to generate passive income. Especially, if your book is available on sites such as Amazon.” For sure I was thinking about writing an Ebook and it was on my list but as a beginner I am gaining and learning at moment so I think I need to do it after some time.
Very Informative Post, Keep up the good work!
Your Friend,
Paul
Wow! Thank you, Paul, for such a quick comment and kind words. It feels like you were just waiting for me to hit the publish button to make a comment. glad that my website is bringing value to you and your business. This was hard for me when starting out, creating a work schedule.
I would change it up so many times cause it took me a while to get one that works for me. Eventually, in this article, this is the one that I feel comfortable with. You can use it or change it up a little to find one that you feel comfortable with your business. All the best with your work schedule, and feel free to reach out to me if you need help or have a question. Thank you.
Cheers.
Hello David, what a fantastic article. It seems there are so many ways to create a passive income..and some of them are new to me. Do you think you might try something like an ebook?
Thanks for doing this. So informative.
in peace and gratitude, ariel
Thank you for the visit Ariel, and yes there are many ways to create passive income over the Internet if done right.
Although there are people who create an ebook and sell them over the internet, this is not one of my favorite cause free ebook is given away regularly over the Internet. Hope that helps.
Hi David, You certainly gave me some extra ideas for creating various streams of income. I already love Wealthy Affiliate, but these other ideas will certainly help boost my income. Great article. Thank you for sharing your expertise on this subject.
Hi Sue, thank you for the comment and I am glad to know that you are a member of Wealthy Affiliate. I am here for five years now and still learning here today. Wealthy Affiliate will help you build any business and the education here surpasses any that I have seen. There is a saying that never keeps all your eggs in one basket, this is the reason for me writing this article. Glad that it helped. All the best.
Thank you for mentioning us!
I’m Jenny, the Marketing Associate for Mediavine, and we’re here to help digital content creators monetize their content with programmatic display ads. We don’t pay based on clicks, but on the ads that are served on the site. Our threshold to join is 25k sessions within 30 days.
We started out as publishers and we are still publishers with our own sites, so we really believe in publishers being compensated for their awesome content.
We’re here to answer any questions at publishers@mediavine.com.
Thanks again!
Hi Jenny, thank you for taking the time to look at my post. Yes, I know exactly what your company is doing and I thought it would be nice to let my readers be aware. Glad that you take the time to fill me in and describe in details what your company is about. Wish you great success as a Marketing Associate with Mediavine. All the best.