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 none of your own 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.
7 Passive Income Opportunites 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.
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2. Create an Online Store with Drop Shipping.
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 middle man and collect the profits. You can use a platform like Shopify that will help build your online store.
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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 forms 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.
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 offers platforms for you to sell your pictures. You will need to come up with a photo portfolio where 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 cards 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 costs, $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 on how to create Passive Income Opportunities
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 the 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.
PS: No credit card needed!
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