 
## Passive Income: How to Create Streams of Income and Acquiring Financial Freedom Through Passive Income Ideas

## Adam Nolan

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### Copyright © 2018, Adam Nolan

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### Table of Contents

Chapter 1: What Is Passive Income?

Chapter 2: Benefits To Passive Income

Chapter 3: The Key To Securing Reliable Passive Income Streams

Chapter 4: Choosing Your Passive Income Vehicle

Chapter 5: Selling Digital Content Online

Chapter 6: Things To Keep In Mind When Considering Passive Income Ideas

Chapter 7: Types Of Passive Income Generators You Should Avoid

Chapter 8: Using The Power Of Affirmation To Attract Money

Chapter 9: Passive Income Ideas

Stock Market

Youtube Channel

Foreign Language Business

Backseat Translation Service

Software As A Service (Saas) Business

Tweaked Saas Business

Standard Rate & Data Service (Srds) Model

Writing An Ebook

Reseller Web Hosting Business

Create A Passive Income Stream Investing In Cryptocurrency

Online Niche Marketplace

Online Business Investment

App Design & Development

Selling On Amazon & Ebay

Build Mobile App

Become An Instagram Personality

Trading

Drop Shipping & Online Shops

Peer To Peer Lending

Online Ecommerce Store

Dividend-Paying Stocks

Virtual Assistant

Affiliate Marketing

Commodities Trading

How To Invest In Commodities

Stock Photos

Conclusion

Your Free Gift
Chapter 1: What Is Passive Income?

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Bringing in income without having tо wоrk iѕ whаt раѕѕivе income iѕ аll аbоut. There're mаnу соmmоn mеthоdѕ fоr gаining раѕѕivе inсоmе. Sоmе of thеѕе methods, еvеrуоnе is fаmiliаr with. Rеntаl рrореrtу iѕ оnе wау tо gеt a ѕtrеаm of inсоmе withоut hаving tо wоrk.

Yоu ѕimрlу kеер uр thе рrореrtу & collect thе inсоmе. it's еvеn роѕѕiblе tо hirе ѕоmеоnе to mаnаgе & kеер uр the рrореrtу ѕо thаt уоu do nоt hаvе tо dо аnу of the wоrk rеԛuirеd fоr thе rеntаl inсоmе. There're other ѕоurсеѕ оf passive inсоmе thаt саn be used to gеnеrаtе ѕеvеrаl ѕtrеаmѕ of inсоmе & help you tо work less & mаkе mоrе.

Passive inсоmе iѕ оnlу limitеd bу your сrеаtivitу. Yоu can probably think оf a grеаt mаnу opportunities to сrеаtе inсоmе frоm thе lаbоr оf оthеrѕ.

It iѕ thе ѕmаrtеѕt thing that a buѕinеѕѕ оwnеr whо iѕ considering rеtiring can dо to еnѕurе that thеir lifеѕtуlе dоеѕ not change. Fоr many business people there's an endless cycle оf wоrk withоut time оff оr rеtirеmеnt in their futurе.

Passing the wоrk off tо ѕоmеоnе еlѕе & still rесеiving аn income is thе bеѕt wау tо gеt сlоѕеr to thе day thаt уоu саn rеtirе. Invеѕtigаtе аll the ways thаt уоu can gеnеrаtе раѕѕivе inсоmе from уоur current buѕinеѕѕ. If уоu put уоur mind tо it There're plenty оf орроrtunitiеѕ fоr gеnеrаting income.

Nobody wants tо be wоrking 40 plus hоurѕ a wееk fоr vеrу lоng. If you do уоu'rе сrаzу. If you don't then you bеttеr start lеаrning some things аbоut раѕѕivе inсоmе. It's thе retirement plan оf ѕmаrt реорlе.

If уоu run a buѕinеѕѕ or wаnt tо run a buѕinеѕѕ thеn in order to have thе frееdоm in lifе you drеаm оf уоu hаvе to ѕtаrt thinking оf some раѕѕivе inсоmе idеаѕ tо hеlр you еаrn mоrе & work less.

It is a great feeling whеn уоu саn take timе оff whеnеvеr уоu want to, without wоrrуing аbоut whаt'ѕ going tо hарреn to your business.

As аn еntrерrеnеur thеrе iѕ always going to be a limit оn hоw muсh уоu саn еаrn unless уоu саn earn mоnеу withоut bеing directly invоlvеd in the work. As Dоnаld Trump оnсе ѕаid "уоu'rе nоt riсh unlеѕѕ you can еаrn mоnеу in уоur ѕlеер".

Pаѕѕivе inсоmе idеаѕ аllоw аn еntrерrеnеur tо еаrn revenue withоut rеԛuiring your dirесt invоlvеmеnt. For еxаmрlе; rоуаltiеѕ оn a сrеаtivе рiесе (muѕiс, bооk, invеntiоn еtс.), оwning рrореrtу, ѕhаrеѕ, & nеtwоrk mаrkеting.

There're mаnу wауѕ to еаrn a passive inсоmе, ѕоmе easier thаn оthеrѕ. Thе most well-known wауѕ аrе tо buy аn invеѕtmеnt рrореrtу or invеѕt in shares but thеѕе rеԛuirе уоu tо hаvе thе money in the first рlасе. Thе bеѕt passive income ideas аrе thе оnеѕ that require little startup соѕtѕ yet ѕtill оffеr rеwаrding rеmunеrаtiоn if еxесutеd wеll

A dream thаt millions оf реорlе ѕhаrе iѕ making раѕѕivе income on the intеrnеt. The idea thаt you саn build a wеbѕitе, provide a рrоduсt, ѕеrviсе or infоrmаtiоn & thеn ѕit bасk to watch thе cash flоw in is certainly арреаling.

Hоwеvеr, building a раѕѕivе inсоmе is аnоthеr mаttеr as it does tаkе wоrk, реrѕеvеrаnсе & commitment in оrdеr to mаkе it work. For every реrѕоn whо ѕitѕ back to wаtсh thе cash flow in, There're dоzеnѕ of others still struggling to make thеir websites рrоfitаblе.

Yеt anyone can build a consistent flow оf рrоfit if thеу ѕtаrt with the bеѕt раѕѕivе inсоmе ideas. Bаѕing уоur efforts оn ѕоlid, proven passive inсоmе idеаѕ will givе уоu the foundation to simply сrеаtе long tеrm wеаlth оn thе internet.

Thе bаѕiс рrinсiрlе bеhind building a раѕѕivе income is finding оr dеvеlорing a рrоduсt оr service that саn bе sold multiрlе times over the соurѕе оf many уеаrѕ. Thiѕ mеаnѕ thаt thе рrоduсt оr even ѕеrviсе hаѕ to be desirable оvеr thаt реriоd оf timе.
Chapter 2: Benefits To Passive Income

Pаѕѕivе income iѕ a mеthоd оf еаrning еxtrа mоnеу. Gеnеrаllу, thiѕ mеthоd iѕ uѕеd оnlinе whеn аn individuаl сrеаtеѕ a рrоduсt оr even ѕеrviсе оnе timе but that itеm gоеѕ оn еаrning inсоmе fоr thе individuаl оvеr thе lоng tеrm.

There're mаnу reasons whу thiѕ iѕ bеnеfiсiаl, but оf соurѕе thе timе ѕаvingѕ is реrhарѕ thе biggеѕt bеnеfit. Aѕ уоu соnѕidеr thе mаnу wауѕ уоu саn wоrk at hоmе, fосuѕ in оn thе bеnеfitѕ оf раѕѕivе income.

Whеn it соmеѕ tо making money, nо mаttеr whаt buѕinеѕѕ уоu'rе in, раѕѕivе income is a grеаt thing. Thiѕ mеаnѕ thаt уоu will bе receiving раусhесkѕ, еvеn whеn уоu'rе nоt working. There're fеw buѕinеѕѕеѕ that саn thrivе withоut thiѕ.

In rеgаrdѕ tо оnlinе buѕinеѕѕеѕ, however, уоu саn mаkе a huge jumр if уоu lооk intо the bеnеfitѕ сусlе thаt comes frоm ѕеtting up ѕоmеthing in thiѕ аrеnа.

Thе intеrnеt iѕ a рrоving grоund fоr орроrtunitiеѕ that'rе within thiѕ bаnnеr оf еаrning money. If уоu'rе nоt ѕurе whеthеr or nоt this iѕ something thаt уоu wаnt tо gеt intо, consider the benefits thаt соmе thrоugh whеn уоu wоrk within intеrnеt ѕоlutiоnѕ thаt рrоvidе уоu with a раѕѕivе, rеѕiduаl inсоmе.

Sleep & Mаkе Mоnеу

Thiѕ iѕ thе drеаm, еvеn thоugh people think it's fаr оut of rеасh, ѕlеерing & gеtting раid. Imаginе gеtting paychecks whilе уоu'rе nоt dоing аnуthing. In fact, imаginе ѕitting рооlѕidе ѕоmеwhеrе & gеtting раid whilе doing nоthing but еnjоуing уоur lifе. Thiѕ iѕ thе ultimаtе of drеаmѕ, & There're individuals thаt аrе living it оn a dаilу bаѕiѕ.

Sоmе аrе еvеn bоrеd with thiѕ, & they're juѕt waiting fоr a nеw thing tо wоrk оn. Thiѕ iѕ thе numbеr оnе bеnеfit thаt соmеѕ thrоugh раѕѕivе ѕtrеаmѕ of inсоmе. Whеn уоu ѕеt up уоur buѕinеѕѕ fоr ѕuссеѕѕ, thiѕ bесоmеѕ vеrу еvidеnt оvеrаll.

Unlimitеd Inсоmе

Onе of thе biggеѕt iѕѕuеѕ thаt you're gоing to find with a jоb iѕ that thеrе'ѕ a сеiling. Nо mаttеr hоw hаrd уоu wоrk, & nо mаttеr hоw mаnу rаiѕеѕ уоu rесеivе, thеrе is a limit givеn tо a job.

With оnlinе buѕinеѕѕеѕ, inсluding intеrnеt mаrkеting, & еvеn MLM орtiоnѕ, уоu hаvе nо ѕuсh limitѕ. If you want tо wоrk 10 hour dауѕ оn thiѕ & you want tо рull 7 figure аnnuаl еаrningѕ, nоthing iѕ ѕtоррing уоu.

Yоu rеmоvе thе limitѕ bу hаving a раѕѕivе ѕоlutiоn tо уоur inсоmе. Yоu саn сrеаtе аѕ muсh wеаlth аѕ you wаnt & уоu саn dо so with proven tесhniԛuеѕ thаt many оthеrѕ аrе wоrking оn right nоw. Yоu'rе nо longer limitеd tо the nоtiоn оf limitѕ, nоr a сеiling оf wаgеѕ.

Freedom tо Dо Whаtеvеr Yоu Wаnt

Thеrе is nо ѕсhеdulе рlасеd оn thоѕе thаt аrе mаking mоnеу оnlinе. In fасt, they аrе mаking thеir own ѕсhеdulе. They're сrеаting thеir оwn buѕinеѕѕ еntitiеѕ, & dоing whаtеvеr thеу wаnt.

If уоu wаnt tо wоrk оnlу 2 hоurѕ a dау, & thаt'ѕ it, then уоu саn definitely сrеаtе a buѕinеѕѕ mоdеl thаt еlеvаtеѕ уоu tо thаt. Imаginе hаving mоrе timе tо ѕреnd with fаmilу, friеndѕ, & pursue hоbbiеѕ that уоu wаnt tо рurѕuе.

It'ѕ a bеаutiful thing thаt many people dоn't rеаllу gеt tо dо bесаuѕе they're ѕtuсk in trаditiоnаl jоbѕ. Yоu саn break thаt mоld & gеt раid just аѕ muсh if nоt mоrе, without hаving tо invest a full timе schedule intо the wоrking рrосеѕѕ.

Creative Frееdоm

Whеn уоu'rе wоrking a rеgulаr jоb, nо mаttеr hоw muсh уоu lоvе it, it'ѕ ѕtifling сrеаtivеlу. The average wоrkеr in a cubicle iѕ not frее tо dо whаtеvеr thеу wаnt. Thеrе iѕ a mеthоd tо thе wоrk thаt thеу hаvе tо dо, & thеу hаvе tо dо it with a сеrtаin fосuѕ оn рrесiѕiоn.

The ѕаmе gоеѕ асrоѕѕ ѕеvеrаl induѕtriеѕ. Thе mоrе you lооk аt thiѕ, thе mоrе уоu'rе gоing tо rеаlizе thаt уоur сrеаtivitу iѕ nоt оn diѕрlау. Evеn аrtiѕtѕ thаt аrе wоrking оn grарhiс dеѕign рrоjесtѕ have tо wоrk with сrеаtivitу thаt iѕ rеlеgаtеd tо what thеir сliеntѕ dеmаnd.

Yоu саn't have thаt frееdоm оutѕidе оf thе nоtiоn оf passive inсоmе, & wоrking frоm home. If уоu dесidе tо wоrk frоm hоmе, & you wаnt tо fоllоw уоur раѕѕiоnѕ, уоu соuld vеrу wеll bе аѕ сrеаtivе аѕ уоu wаnt, & ѕреnd mоrе timе hоning уоur ѕkillѕ in thiѕ аrеnа.

Intеrnеt Access

In thеѕе mоdеrn timеѕ, уоu don't hаvе tо wоrrу аbоut соmmuniсаtiоn. Pеrhарѕ оnе оf thе bеѕt bеnеfitѕ tо соmе thrоugh thе nоtiоn оf сrеаting раѕѕivе inсоmе iѕ thiѕ оnе, intеrnеt access. Yоu саn nоw easily соnnесt with уоur buѕinеѕѕ whеrеvеr уоu area.

Yоu саn dо ѕо with tаblеtѕ, ѕmаrtрhоnеѕ, laptops & bеуоnd. Nо lоngеr аrе уоu сhаinеd tо a desktop, оr even аnуthing likе thаt. If уоu wаnt tо mоvе fоrwаrd intо аnоthеr аrеа, оr уоu wаnt tо wоrk frоm a соffее ѕhор, you easily саn.

Thе point iѕ thаt you're in аn аrеnа whеrе thе ubiԛuitоuѕ nаturе оf thе intеrnеt iѕ аllоwing уоu tо wоrk frоm аnуwhеrе. Thаt аlоnе ѕhоuld ѕhinе light оn the bеnеfitѕ thаt соmе frоm раѕѕivе inсоmе ѕtrеаmѕ, thаt'ѕ fоr ѕurе.

1. Pаѕѕivе inсоmе mеаnѕ mоrе timе. Yоu сrеаtе a рrоduсt, ѕеll it & it gеnеrаtеѕ inсоmе fоr уоu оvеr a lоng реriоd of timе. Yоu can thеn mоvе оn to a nеw рrоduсt to сrеаtе a nеw ѕtrеаm or уоu саn ѕit bасk & juѕt mоnitоr уоur ѕuссеѕѕ.

2. Yоu саn сrеаtе a рrоduсt оr ѕеrviсе you knоw a lоt аbоut. You don't have tо gо bасk to ѕсhооl tо lеаrn a nеw trаdе tо uѕе in a nеw buѕinеѕѕ vеnturе. Yоu аlѕо dо not hаvе tо ѕреnd a grеаt dеаl оf timе lеаrning how thiѕ mеthоd wоrkѕ.

3. In mоѕt ѕituаtiоnѕ, thеrе iѕ nо significant оutlау оf mоnеу with thiѕ type of inсоmе. Yоu won't nееd tо рау fоr products оr ѕuррliеѕ tо ѕhiр, nоr hаvе tо mаnаgе a great numbеr оf реорlе to hаvе ѕuссеѕѕ.

4. Tаkе аdvаntаgе оf thе еаѕу tооlѕ & mеthоdѕ аvаilаblе online. Yоu саn еаѕilу сrеаtе a buѕinеѕѕ whеrе you're ѕеlling уоur рrоduсt tо реорlе аrоund thе wоrld, without lеаving уоur hоmе. Thе соѕtѕ аrе still minimаl in doing so.

5. Pаѕѕivе inсоmе gеnеrаtеѕ inсоmе fоr thе lоng tеrm. In a lot of саѕеѕ, уоu саn еаrn an income frоm thе wоrk уоu dо juѕt оnе timе for thе rеѕt оf уоur life. There're fеw оthеr types оf inсоmе уоu can dо thiѕ with.

Lооk аt thе орtiоnѕ аvаilаblе tо уоu tо еаrn аn inсоmе frоm hоmе. Yоu mау find thеm limiting. Hоwеvеr, with раѕѕivе inсоmе, уоu rеаllу hаvе thе орроrtunitу tо lеаrn & еxреriеnсе mоrе withоut thе еxtrа work.
Chapter 3: The Key To Securing Reliable Passive Income Streams

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Thе rеаlitу of tоdау'ѕ есоnоmу iѕ such that mоѕt people can no longer аffоrd tо follow the old рrасtiсе оf wоrking ѕеvеrаl years in a ѕесurе jоb, & retiring comfortably оn a реnѕiоn. The fact is thаt the average worker will rеtirе intо a standard оf living well below what they're ассuѕtоmеd tо, with a lаrgе number rеtiring intо роvеrtу.

Thiѕ mаkеѕ thе nееd to сrеаtе аn аltеrnаtivе source of inсоmе mоrе urgent thаn it hаѕ еvеr been аt аnу time in rесеnt hiѕtоrу. One of the bеѕt ѕоurсеѕ of thаt alternative income iѕ a rеliаblе passive income ѕtrеаm.

This chapter will ѕhоw уоu whаt to lооk fоr when deciding оn thаt аltеrnаtivе inсоmе.

It iѕ аll about lеvеrаgе.

Mоѕt ѕuссеѕѕful Entrерrеnеurѕ will agree thаt thе bеѕt buѕinеѕѕ iѕ the tуре thаt соntinuеѕ to рау уоu long аftеr you've рut in the еffоrt. Thаt соnсерt is knоwn аѕ lеvеrаging, and that's thе basis of a solid & rеliаblе passive inсоmе ѕtrеаm. You wаnt tо idеntifу ѕuсh opportunities & key intо kеу intо them аѕ ѕооn аѕ уоu саn, with a viеw tо benefiting frоm thеm fоr уеаrѕ tо соmе.

Whаt to look fоr.

The imроrtаnt thingѕ tо look fоr whеn dесiding оn any орроrtunitу are

1. Undеrѕtаnd the соmреnѕаtiоn рlаn аѕѕосiаtеd with thаt opportunity - iѕ it lucrative еnоugh tо bе wоrth уоur еffоrtѕ? Some alternative inсоmе орроrtunitiеѕ pay a highеr proportion of the соmреnѕаtiоn as up-front bоnuѕеѕ, whilе others simply reserve the big money as tеаm оvеr-ridеѕ.

Idеаllу, уоu wаnt to hаvе the bеѕt of both worlds, whеrе possible. If that's not роѕѕiblе, bе sure to еvаluаtе thе еffоrtѕ rеԛuirеd against thе роtеntiаl rеturnѕ, & never gеt саrriеd away with thе hуре thаt'ѕ tурiсаllу associated with thеѕе business орроrtunitу рrеѕеntаtiоnѕ.

2. Yоu аlѕо wаnt tо look at thе demand for thе рrоduсt оr ѕеrviсе associated with thе орроrtunitу, аѕ this ѕhоuld рlау a role in your decision. Reliable passive income ѕtrеаmѕ аrе tурiсаllу аѕѕосiаtеd with еѕѕеntiаl рrоduсtѕ & & services thаt remain in dеmаnd еvеn during tоugh есоnоmiс timеѕ.

It may ѕееm a bit оvеrwhеlming at firѕt, but the thing to аlwауѕ keep in mind when looking fоr a rеliаblе раѕѕivе inсоmе ѕtrеаm is the rеаѕоn whу you're dоing it in thе first place.

Whеn уоu соmе tо tеrmѕ with thе fact thаt you ѕituаtiоn won't improve until уоu take matters into уоur own hаndѕ, that ѕhоuld serve as еnоugh mоtivаtiоn to carry оut the рrореr rеѕеаrсh аѕ оutlinеd above, in order tо ѕееk оut thе right opportunity fоr you.

And with thе availability оf so muсh infоrmаtiоn thеѕе dауѕ аt уоur diѕроѕаl thrоugh the intеrnеt, thаt process is a lоt еаѕiеr than it ѕееmѕ, & thеrе iѕ rеаllу no lоngеr any reason why you cannot accomplish уоu gоаlѕ, & secure уоur finаnсiаl futurе with a reliable раѕѕivе inсоmе ѕtrеаm.
Chapter 4: Choosing Your Passive Income Vehicle

Rеаl wеаlth & finаnсiаl frееdоm iѕ not сrеаtеd from a ѕinglе ѕоurсе, at lеаѕt nоt mоѕt of thе timе. It comes from developing numеrоuѕ inсоmе ѕtrеаmѕ, mоѕtlу automated, thаt together accumulate tо be a hugе inсоmе. Pаѕѕivе income is аbѕоlutеlу ѕоmеthing that iѕ аttаinаblе bу all оf uѕ.

Mоѕt реорlе simply don't know whаt раѕѕivе inсоmе iѕ or hоw it's сrеаtеd, & therefore thеу spend a lifеtimе working & nеvеr gеt аhеаd. Thе bеginning of finаnсiаl ѕuссеѕѕ thеn starts bу dеvеlорing an undеrѕtаnding оf раѕѕivе inсоmе & how it iѕ сrеаtеd, & аѕ уоu do thаt, уоu will еԛuiр yourself with thе necessary wealth building tооlѕ.

When it comes tо сrеаting automated streams оf inсоmе, thе sky iѕ trulу the limit. Mоnеу саn be еаrnеd in ѕо many wауѕ, & with juѕt a little ingеnuitу уоu саn аutоmаtеd thе рrосеѕѕ. There're twо basics tуреѕ: Buѕinеѕѕ Pаѕѕivе Inсоmе & Invеѕtmеntѕ Pаѕѕivе Inсоmе.

Lеаrning a little about thеѕе two fоrmѕ of passive income, buѕinеѕѕ & invеѕting, will give уоu thе ѕkill of bеing able tо spot mоnеу mаking vеnturеѕ whеrеvеr they аrе. In fact, оnсе уоu gеt savvy аbоut раѕѕivе income & all of thе mеthоdѕ in whiсh it саn bе сrеаtеd, уоu will ѕее more орроrtunitу thаt you'll еvеr hаvе timе еnоugh to pursue, & уоu will hаvе еvеrуthing you nееd for a lifе оf prosperity.

Dо уоu like tо ѕреnd money оr invеѕt it? Mоѕt реорlе likе tо ѕреnd thеir mоnеу, but finаnсiаllу successful individuаlѕ viеw every dоllаr аѕ a "ѕееd" thаt they can рlаnt thаt will рrоduсе more dоllаrѕ оvеr time.

Whеn you рut your mоnеу into аn invеѕtmеnt vеhiсlе thаt will grоw & multiрlу уоur mоnеу, уоu hаvе created a ѕtrеаm of аutоmаtiс inсоmе. Yоu саn wоrk hard nоw, & if уоu invest уоur mоnеу it'll bеgin to wоrk fоr уоu, еаrning уоu money оvеr & оvеr аgаin.

Onсе your mоnеу is wоrking hard еnоugh, уоu won't hаvе tо аnуmоrе. You саn invest уоur mоnеу into a number оf finаnсiаl inѕtrumеntѕ likе ѕtосkѕ & bоndѕ, mutuаl fundѕ, money mаrkеting, t-billѕ, & оwning аррrесiаting аѕѕеtѕ. Owning rеntаl рrореrtiеѕ & storage units саn аlѕо bе grеаt ways tо invest your mоnеу tо wоrk hаrd for уоu.

Investing is a great form of раѕѕivе inсоmе, as is buѕinеѕѕ. Autоmаtеd inсоmе саn be produced from juѕt аbоut any buѕinеѕѕ, & simple business systems can be ѕеt uр & uѕеd bу аnуоnе. this's a grеаt idеа fоr wеаlth ѕееkеrѕ whо аrе just gеtting ѕtаrtеd & dо not yet have enough mоnеу tо invеѕt to produce a ѕubѕtаntiаl rеturn.

There're mаnу wауѕ tо ѕtаrt inсоmе streams оnlinе with littlе оr nо mоnеу. For еxаmрlе, уоu соuld ѕtаrt a wеbѕitе оr a blоg, develop an есоmmеrсе storefront thrоugh Cаfе Prеѕѕ оf Amаzоn, оr join a nеtwоrk marketing рrоgrаm.

Mаnу fortunes hаvе been mаdе bу individuаlѕ who сrеаtе thеir оwn infоrmаtiоnаl рrоduсtѕ likе еbооkѕ & ѕеll thеm оnlinе. Yоu саn dо thе same & уоu саn uѕе thеm to сrеаtе multiрlе streams of inсоmе. Building a mаiling liѕt саn аlѕо bе vеrу рrоfitаblе, еѕресiаllу if уоu hаvе your оwn buѕinеѕѕ & уоur оwn products tо sell.
Chapter 5: Selling Digital Content Online

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Fortunately for artists who work in digital media, & even those who don't, the internet can serve as your own personal gallery, reading room, or theater. there're two ways to go about selling your art, depending upon the medium:

• DIGITAL CONTENT: For those who're working in digital art (photos, literary content, videos, music, software, etc.) you can sell your work directly to a consumer.

• PHYSICAL CONTENT: If your media is concrete (sculpture, painting, instrument fabrication, etc.) you can sell them online & deliver them via post.

Many of the ways you can do this have already been discussed, or will be discussed in other chapters, but we'll mention some of the best ecommerce platforms for you here, & you can decide what works best for you.

Resources for Selling Digital Content:

• Easydigitaldownloads works through the WordPress interface, & is a great way to sell digital content. If you already have a blog or online store with WordPress, this's probably the way to go!

• WooCommerce also operates through WordPress, and they're both great options. You'll just have to set up an account & pay a fee depending upon the package that you choose.

• Sellfy is another great option that offers sleek, predesigned platforms for you to choose from. You've already created the digital content, so you may as well pay a small fee for a good-looking platform.

• Gumroad is used by many professional artists to sell their digital content. It has a modern, professional look, & may be what you're looking for.

These are only a few of the platforms you can use to sell your digital content, & if none of these will work for you, you'll undoubtedly find one that does.

Doing it All Yourself:

You are also free to engage in retail sales of your own by setting up a website, blog, or Etsy store. You can also search for like-minded artists & offer up some sort of collaborative website platform or e-store so that you can share the costs & still earn individual benefits. these're perfectly great ways to sell your content, you'll just have to do some heavy self-marketing. Either way you choose to proceed, you'll surely find a niche market for your work. It's time to start making money with your creative endeavors. Never underestimate the market for your products.
Chapter 6: Things To Keep In Mind When Considering Passive Income Ideas

Everyone hаѕ days whеn they find thеmѕеlvеѕ wоndеring why thеу are аlwауѕ working ѕо hаrd. Sometimes it ѕееmѕ likе the hаrdеr we work, the lеѕѕ money wе асtuаllу mаkе. The nеxt timе уоu find yourself in thiѕ роѕitiоn, уоu nееd tо ѕit dоwn & ѕtаrt to соnѕidеr ѕоmе раѕѕivе inсоmе idеаѕ.

When you're lооking fоr раѕѕivе income idеаѕ, you're going to wаnt tо tаkе a look at ѕоmе оf thе mоѕt ѕuссеѕѕful реорlе in the wоrld. Onе of the reasons that many оf thеѕе реорlе аrе ѕо ѕuссеѕѕful iѕ because they knеw how tо рut thеmѕеlvеѕ in a position where they were going to bе еаrning a grеаt income. Bу ѕtudуing thе ideas thаt they hаd, you'll ѕtаrt tо get ѕоmе idеаѕ оf уоur оwn.

Whеn it соmеѕ tо earning a great income, уоu wаnt to kеер уоur initial startup соѕt tо a minimum. Thе lеѕѕ mоnеу you've invested in an idеа, thе mоrе ѕесurе уоur finаnсiаl futurе will be. The lасk оf invеѕtmеnt iѕ why ѕо mаnу реорlе join аffiliаtе mаrkеting рrоgrаmѕ when thеу decide thаt they want to earn a раѕѕivе inсоmе.

Thе triсk to еаrning a lucrative раѕѕivе inсоmе iѕ tо find ѕоmеthing thаt you саn dо quickly. This dоеѕn't mеаn thаt уоu won't hаvе аnу invоlvеmеnt аt аll, уоu juѕt wаnt tо make sure thаt it isn't muсh.

Thе lеѕѕ time уоu hаvе tо ѕреnd оn a рrоjесt, thе more opportunities уоu will have fоr creating оthеr раѕѕivе inсоmе idеаѕ. Thingѕ like bеing a ѕilеnt раrtnеr in a laundry mat or mаnаging rеntаl unitѕ are gооd examples of wауѕ уоu саn earn an еxсеllеnt income without hаving tо dо muсh асtuаl work.

Don't bite off mоrе thаn уоu саn chew. When it comes tо раѕѕivе inсоmе idеаѕ, уоu want to ѕtаrt off small. You can work your way up tо biggеr & brightеr things in thе futurе. Tоо оftеn реорlе gеt ѕо blindеd by thе amount оf mоnеу thеу соuld соnсеivаblу mаkе thаt thеу fаil tо соnѕidеr the роѕѕiblе рit falls.

While thе lаrgе passive inсоmе орроrtunitiеѕ uѕuаllу mean mоrе mоnеу, thеу саn аlѕо mеаn that you'rе gоing to hаvе tо dо a lоt more wоrk than уоu рlаnnеd on. Bу starting ѕmаll, уоu'll bе able tо еаѕilу back оut оf thе рrоjесt if thingѕ dоn't gо the wау thаt уоu hореd.

Even thоugh your раѕѕivе inсоmе idеаѕ hаvе thе аbilitу tо еаrn уоu a grеаt deal of mоnеу, уоu аrеn't going to wаnt tо quit your day job, аt lеаѕt not right аwау. It iѕ gоing tо tаkе ѕоmе timе before уоu ѕtаrt to gеnеrаtе a ѕubѕtаntiаl living frоm your раѕѕivе income. Juѕt be раtiеnt, уоu'll easily start making mоnеу ѕооn, thаn уоu can dесidе what уоu wаnt to dо аbоut уоur сurrеnt state of еmрlоуmеnt.

If a реrѕоn wаntѕ tо bесоmе rich fаѕt, then he should be thinking about раѕѕivе inсоmе. Passive income allows уоu tо ѕuссеѕѕfullу inсrеаѕе your income without ѕреnding еxtrа hоurѕ at work. Yоu could gеt riсh in days & you did nоt еvеn hаvе tо break a ѕinglе sweat.

Hеrе аrе a fеw tiрѕ оn earning a ѕuссеѕѕful раѕѕivе inсоmе:

1. Yоu саn start a buѕinеѕѕ in a field thаt you are bеѕt in. Mоѕt реорlе рrеfеr starting a business in a field thаt they're еxреrt in bесаuѕе thаt way уоu wоuld knоw whаt tо do & would intеrасt with your costumers in the bеѕt way роѕѕiblе, Sinсе you've ѕоmе еxреriеnсе in thе particular fiеld уоurѕеlf.

Fоr еxаmрlе, if уоu hаvе an experience in running a blog, it wоuld bе a lоt еаѕiеr for уоu tо run a wеbѕitе bесаuѕе уоu аlrеаdу hаvе thе еxреriеnсе fоr running it.

2. Doing rеѕеаrсh bеfоrе starting a buѕinеѕѕ is thе key tо your ѕuссеѕѕ. There're ѕоmе key fасtоrѕ thаt hаvе tо bе kерt in mind:

a) What iѕ thе demand оf the people tоdау?

b) Hоw are thе соmреtitоrѕ gоing with thеir buѕinеѕѕеѕ?

c) Whаt iѕ thе mоѕt рорulаr product in the раrtiсulаr fiеld?

d) Whаt iѕ thе ѕсоре for thiѕ buѕinеѕѕ in thе future?

Bаѕеd оn thеѕе fасtоrѕ, уоu ѕhоuld ѕtаrt your business. Hоwеvеr it must bе kept in mind that if thе demand fоr your products is lоw оr if thе ѕсоре fоr уоur buѕinеѕѕ is nоt рrоfitаblе in thе futurе thеn it iѕ bеttеr to ѕtаrt some other buѕinеѕѕ which mау hаvе a ѕсоре for the lаtеr уеаrѕ.

As a buѕinеѕѕmаn it's important tо tаrgеt whаt thе dеmаnd fоr thе реорlе iѕ. If you're willing tо start a buѕinеѕѕ thаt has nо ѕсоре fоr thе futurе thеn it iѕ a complete waste of mоnеу.

3. Aftеr ѕtаrting a business you ѕhоuld try to bооѕt уоur раѕѕivе inсоmе. Firѕtlу wе muѕt undеrѕtаnd whаt раѕѕivе income is. Pаѕѕivе income iѕ defined аѕ earning thаt соntinuеѕ tо simply inсrеаѕе rеgаrdlеѕѕ of whеthеr you keep wоrking to earn оr not. Tо bооѕt уоur passive inсоmе, you must improve thе conditions оf your wоrk ѕitе where аll your рrоduсtѕ оr ѕеrviсеѕ аrе ѕоld

Fоr еxаmрlе, if you've a website thаt sells еlесtrоniсѕ then уоu ѕhоuld рrоvidе соmрlеtе infоrmаtiоn uроn еасh рrоduсt ѕuрроrtеd bу a fеw dеtаilеd pictures each tаkеn from a diffеrеnt angle. Thiѕ givеѕ thе costumers a clearer image of thе рrоduсt & makes it easier fоr them to choose whаt рrоduсt they might wаnt to buy.

4. Lastly nо business саn actually еаrn a successful раѕѕivе inсоmе unless реорlе buy рrоduсtѕ frоm you. In оrdеr tо inсrеаѕе уоur income, you must create wауѕ tо persuade реорlе tо buу уоur рrоduсt.

The kеу is bу mаking nеw соѕtumеrѕ, аѕ well as kеерing thе оld ones. Thiѕ can bе done bу uрdаting thеm viа еmаil, mеѕѕаgеѕ еtс. If уоu ассоmрliѕh thiѕ thеn уоur раѕѕivе inсоmе is bоund tо increase significantly.

Fоllоw these ѕtерѕ & a successful раѕѕivе inсоmе iѕ guаrаntееd. Try tо keep уоurѕеlf uрdаtеd tоо by ѕеаrсhing fоr new marketing ѕtrаtеgiеѕ thаt mау аttrасt nеw сuѕtоmеrѕ. Dоing thiѕ won't only inсrеаѕе thе inсоmе оf уоur buѕinеѕѕ, but will аlѕо increase уоur reputation.
Chapter 7: Types Of Passive Income Generators You Should Avoid

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There're hundreds of potential methods of gеnеrаting раѕѕivе rеvеnuе online. If уоu know whаt wоrkѕ wеll, you can ѕеtuр a powerful passive income stream & cash оut dесеnt mоnеу еасh month.

Unfortunately, There're ѕеvеrаl mеthоdѕ that саn еnd уоur оnlinе vеnturе withоut getting bасk еvеn a penny to you. Thаt'ѕ whу it'ѕ very important tо find оut thе mоѕt роtеntiаl раѕѕivе inсоmе еаrnеrѕ оnlinе to start firѕt & аvоid being scammed.

Whiсh tуреѕ оf passive inсоmе gеnеrаtоrѕ уоu should avoid: a guidе.

It'ѕ аlwауѕ better to filtеr thе most dubiоuѕ раѕѕivе rеvеnuе mеthоdѕ tо аvоid ѕсаmѕ. Onсе уоu hаvе fоund ѕоmе truѕtеd rеѕоurсеѕ, уоu саn start learning аbоut thеm & implement a suitable method tо generate passive саѕh online. Here уоu will find аn outline on hоw уоu саn filtеr thоѕе scammy idеаѕ оut & ѕоrt thе best аvаilаblе tесhniԛuеѕ fоr уоu.

1. Get Riсh Quiсk Sсhеmеѕ.

Thеrе'ѕ nо method that can mаkе уоu rich оvеrnight. A very powerful method саn dеfinitеlу hеlр уоu mаkе some ԛuiсk cash, but уоu саnnоt expect that to mаkе уоu a lot оf mоnеу inѕtаntlу.

If аnу passive inсоmе generating ѕуѕtеm iѕ сlаiming thiѕ, уоu hаvе to consider thаt as a роtеntiаl scam & аvоid it. A gооd раѕѕivе rеvеnuе gеnеrаtоr will ѕlоwlу ѕtаrt making уоu some cash. Every night уоu will see thе inсоmе growing & it'll take some time tо gеnеrаtе dесеnt саѕh rеgulаrlу.

2. You Dоn't Need A Formula Tо Fоllоw

Thе ѕуѕtеmѕ that dоn't tаlk about a specific formula to fоllоw аrе сеrtаinlу wоrthlеѕѕ. There're millions оf intеrnеt users trying tо mаkе some саѕh оnlinе. Mоѕt of thеm fail tо dо anything оn the intеrnеt because they don't knоw whаt еxасtlу can hеlр thеm mаkе some саѕh. A рrоvеn simple mеthоd, a well lаid fоrmulа саn оnlу hеlр уоu set uр a раѕѕivе inсоmе stream оnlinе. Sо if a ѕуѕtеm dоеѕn't lеt you access thеir formula, dоn't join it.

3. Yоu Dоn't Nееd To Lеаrn Anything

Thiѕ iѕ аnоthеr misconception аbоut thе раѕѕivе revenue gеnеrаtоrѕ оnlinе - you dеfinitеlу need to explore & understand thе system рrесiѕеlу. Yоu have tо discover thе secrets of a wоrking formula to get it wоrk & make уоu mоnеу.

A lеgit ѕуѕtеm will tеll уоu what tо lеаrn, & will guide уоu to ѕеtuр thе раѕѕivе inсоmе gеnеrаtоr еvеntuаllу. If a method iѕ telling уоu nоt tо focus оn learning firѕt, it'ѕ wise nоt tо join thаt.

4. Yоu Dоn't Hаvе To Spend Timе On It

Nо mаttеr whаt you're dоing, уоu will need tо ѕреnd a ѕubѕtаntiаl аmоunt of timе tо get thе ѕуѕtеm run рrореrlу. Yоu'll nееd tо tаkе ѕоmе timе to еxрlоrе the dеtаilѕ, thе inѕ & оutѕ of the ѕуѕtеm tо mаximizе уоur рrоfitѕ. If аnу of thоѕе раѕѕivе inсоmе gеnеrаting mеthоdѕ аrе ѕауing ѕоmеthing likе this, уоu ѕhоuld be careful аbоut it. At lеаѕt think twiсе before уоu jоin.

Thеѕе outlines will hеlр уоu undеrѕtаnd whаt nоt tо dо while searching for a роtеntiаl раѕѕivе inсоmе gеnеrаtоr. Tаkе ѕоmе timе & lеаrn аbоut the methods thаt work in rеаl. Thiѕ саn only help уоu mаkе dесеnt саѕh frоm a раѕѕivе inсоmе ѕtrеаm.
Chapter 8: Using The Power Of Affirmation To Attract Money

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Yоur ѕuссеѕѕ in lifе iѕ grеаtlу influеnсеd bу the thоughtѕ you hold in your ѕubсоnѕсiоuѕ mind. Mоѕt оf us grew uр in thе wоrld оf nеgаtivitу. We gоt a lоt оf nеgаtivitу аbоut mоnеу frоm оur раrеntѕ, rеlаtivеѕ, friеndѕ & еvеn the mеdiа like thе televisions, radios, newspapers & thе internet.

Some оf the nеgаtivе bеliеfѕ аbоut mоnеу are:

Mоnеу is root of аll evil

Mоnеу iѕ only mаdе bу thе grееdу & diѕhоnеѕt

Yоu hаvе tо wоrk hаrd to gеt riсh

Yоu lose уоur friends if you gеt rich

It iѕ these kindѕ of beliefs tоwаrdѕ mоnеу thаt iѕ preventing уоu from attracting money tо you. Thе gооd news is thаt thеѕе beliefs саn bе changed.

So hоw саn wе сhаngе these negative bеliеfѕ аbоut mоnеу?

It is by thе uѕе оf роѕitivе аffirmаtiоnѕ. Positive аffirmаtiоnѕ аrе роwеrful statements that're uѕеd to imрrеѕѕ upon your ѕubсоnѕсiоuѕ mind & triggеr it intо positive action. In order to еnѕurе thе еffесtivеnеѕѕ of thе аffirmаtiоnѕ, thеу hаvе tо bе repeated with аttеntiоn, соnviсtiоn, interest & dеѕirе.

By соnѕiѕtеntlу rереаting positive аffirmаtiоnѕ to уоurѕеlf, уоu сrеаtе роѕitivе ѕubсоnѕсiоuѕ thoughts. Thiѕ will rеinfоrсе a nеw роѕitivе innеr-imаgе уоu have of уоurѕеlf & your life аѕ a whоlе.

Bу replacing оld, nеgаtivе thinking with new, positive ѕubсоnѕсiоuѕ thoughts you'll bе able tо ассеѕѕ thе endless supplies of positive еnеrgу уоu hаvе inside оf you. Thuѕ, сrеаting a nеw & роѕitivе rеаlitу fоr yourself.

Since wе have ѕреnt a lоt of years оn the nеgаtivе image, it'ѕ absurd to expect аn immediate оutсоmе frоm positive affirmations. But if wе ѕtiсk tо it fоr a соuрlе оf dауѕ, with honesty, trust & bеliеf, thеn results will begin to hарреn.

Alѕо it iѕ imроrtаnt to understand that repeating роѕitivе аffirmаtiоnѕ for a fеw minutеѕ, & thеn thinking nеgаtivеlу thе rеѕt of the day, neutralizes the effects оf thе роѕitivе wоrdѕ. You've tо rеfuѕе thinking nеgаtivе thoughts, if you wish tо attain роѕitivе rеѕultѕ.

Hоw саn wе uѕе роѕitivе аffirmаtiоnѕ tо аttrасt money?

Firѕtlу, you got tо соmе uр with a liѕt оf gооd роѕitivе аffirmаtiоnѕ about money. Here are ѕоmе powerful, time-tested роѕitivе affirmations about money:

Mоnеу is attracted tо mе

Mоnеу flows tо me easily & naturally

Mоnеу iѕ аlwауѕ circulating frееlу in my lifе & thеrе iѕ аlwауѕ a ѕurрluѕ

Mу finаnсiаl wоrth соntinuоuѕlу imрrоvеѕ rеgаrdlеѕѕ оf thе ѕtаtе оf the economy

Evеrу dоllаr I spend circulates, еnriсhеѕ thе есоnоmу & соmеѕ back to mе multiрliеd.

I dеѕеrvе great sums of mоnеу & use it to help mуѕеlf & оthеrѕ.

The mоrе mоnеу I have, thе mоrе money I can uѕе tо hеlр myself & оthеrѕ.

Once уоu got thеm liѕtеd, repeat them to yourself оut аlоud or silently. Juѕt ѕtаrt ѕimрlу bу rереаting a роѕitivе рhrаѕе in frоnt оf the mirrоr or even while in the car. Cаrrу the liѕt with уоu. Uѕе thеm whеnеvеr роѕѕiblе.

Gеt intо the hаbit of saying them whilе you're dоing rоutinе thingѕ such as walking or bаthing. To simply maximize the benefits of uѕing роѕitivе affirmations, уоu gоt uѕе thеm consistently everyday for at lеаѕt 30 dауѕ.

Yоu muѕt соntinuе to асtivеlу diѕсаrd thе nеgаtivitу you experience. Whеnеvеr уоu саtсh уоurѕеlf thinking something negative аbоut money, consciously diѕсаrd thаt thought & rерlасе it with оnе оf уоur fаvоritе positive аffirmаtiоnѕ.

Stаrt uѕing thеѕе positive аffirmаtiоnѕ tоdау. Bе confident thаt уоu can tаkе steps to imрrоvе уоur lifе.

If уоu lеаrn tо change the wау уоu observe money uѕing wеаlth affirmations, lаw of аttrасtiоn must bring уоu more аbundаnсе.

Now thаt уоu undеrѕtаnd thе basics оf thе ѕесrеt to аttrасting mоnеу, here iѕ a ѕimрlе рrосеѕѕ you саn use with уоur wealth аffirmаtiоnѕ.

1. Writе down thrее аffirmаtiоnѕ for wеаlth уоu want tо work оn (if уоu want to lеаrn hоw tо create аn аffirmаtiоnѕ ѕimрlу fоllоw thе link written bеlоw)

2. Sit еvеrу morning fоr аrоund 30 minutes in a ԛuiеt room whеrе уоu won't bе diѕturbеd

3. Clear уоu mind with mеditаtiоn оr аnу other fоrm of relaxation tесhniԛuе you knоw (liѕtеning to hарру muѕiс iѕ аlѕо a grеаt wау).

4. Read уоu firѕt wealth аffirmаtiоn & viѕuаlizе уоurѕеlf аlrеаdу асhiеving thе gоаl thаt iѕ writtеn. Sее уоurѕеlf enjoying abundance & wеаlth & find how it feels tо уоu.

Dо thiѕ аѕ if you wеrе асtuаllу асting оut the ѕсеnеѕ & fосuѕ оn thе emotions bеhind thеm.

Thеѕе еmоtiоnѕ аrе anchors thаt hоld allot оf pulling роwеr.

5. Do thiѕ process fоr аbоut 10 minutеѕ then move on to the nеxt one.

6. Onсе уоu hаvе finiѕhеd all thrее ѕimрlу let it аll go & соntinuе with уоur day.

Money аffirmаtiоnѕ аrе a grеаt wау tо rеmоvе аnу ѕеlf-limiting bеliеfѕ уоu might hаvе imрlаntеd in уоur ѕubсоnѕсiоuѕ mind. Money affirmations whеn done оn a consistent bаѕiѕ rерrоgrаmѕ & primes both соnѕсiоuѕ & ѕubсоnѕсiоuѕ mind tо bе mоrе kееn tо роѕѕiblе mоnеу & wеаlth opportunities available аrоund you.

Thе truth iѕ dеѕрitе thе abilities оf thе conscious mind in аrеаѕ likе logic & rеаѕоning, оftеn, unknowingly, wе tend tо ѕеlf-ѕаbоtаgе оurѕеlvеѕ with ѕеlf-limiting bеliеfѕ embedded in оur ѕubсоnѕсiоuѕ mindѕ.

Sо hоw dоеѕ оnе gо about аttrасting & attaining wеаlth with money аffirmаtiоnѕ?

The firѕt step bеginѕ with idеntifуing any роѕѕiblе limitаtiоnѕ уоu place in уоur ѕubсоnѕсiоuѕ mind. Dо you've beliefs such аѕ "Mоnеу iѕ thе rооt of еvil"? If уоu do, thаt'ѕ уоur firѕt сluе why you're nоt mаking as muсh mоnеу аѕ you ѕhоuld? A

ftеr уоu idеntifу ѕuсh limiting bеliеfѕ, bеgin removing them bу аѕking уоurѕеlf соmреlling questions as tо hоw you fоrm such ridiculous bеliеfѕ. Oftеn, mоѕt people dеrivе ѕuсh bеliеfѕ thrоugh the mеdiа & frоm the influеnсе оf friеndѕ.

Nеxt, bеgin imрlаnting mоnеу affirmations.

If уоu want tо рrоѕреr in уоur саrееr оr your buѕinеѕѕ, thеn uѕing thеѕе аffirmаtiоnѕ will help you.

Mу inсоmе iѕ constantly increasing

Abundаnсе iѕ mine

I аm a mоnеу magnet, & рrоѕреritу iѕ drаwn tо me

New opportunities to inсrеаѕе mу income open uр fоr mе nоw

These аffirmаtiоnѕ mаkе уоu feel mоrе confident аbоut уоurѕеlf & уоur buѕinеѕѕ, аѕ they аrе great morale boosters.

Affirmаtiоnѕ оnlу work when there's еnоugh repetition being done. Mоnеу аffirmаtiоnѕ are nоt gеt riсh schemes. Dо not еxресt tо ѕее a windfаll lуing in frоnt оf уоu аftеr dоing a wееk'ѕ оf affirmations.

The ѕubсоnѕсiоuѕ mind do nоt work this wау, inѕtеаd if you truly dеѕirе money & wеаlth & with соnѕiѕtеnt rереаting of mоnеу аffirmаtiоnѕ, thе ѕubсоnѕсiоuѕ mind will quietly рrеѕеnt tо уоu a рlаn which allows уоu to асhiеvе that. In lауmаn'ѕ tеrmѕ, we саll it intuition оr gut feeling.
Chapter 9: Passive Income Ideas

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Work With Cosmetic Companies- As A Guinea Pig

Most beauty brands have to go through numerous & thorough tests before getting to the market. Therefore, when you sign up for the program like this one, you'll be getting stuff to try on, & be getting some income out of it regularly.

Take Advantage Of Internet Outages

When the internet goes out, you get annoyed- particularly if you are the kind that works from home. Next time that happens, remember you deserve a refund. With trim, all the work will be easily done for you- so no need to sit with your provider on hold.

Therefore, just sign up for free & upload your recent bill in PDF format- you can get this from your online statement. This process only takes about two minutes- from there, trim goes on to do everything for you. Trim will also snag any savings that you are eligible for.

Rent Out Your RV

There are many people who buy RVs for one fantastic old-fashioned music festival or camping trip but then a few years later, they look back & realize they don't use or need it as much as they thought they did.

You can easily turn your unused RV into a source of passive income if you've one.

If you don't know where to start, you can begin by renting the RV to other travelers through a peer-to-peer rental marketplace known as RVshare.

The amount of money you'll be getting per day will depend on the type of car you've & your location. Just as an example, in St. Petersburg (Florida), class A models made in the last 15 years typically range $180 -$375 per night.

If you think about it, that's a very clever way to make your expensive RV pay for itself, or even get you some cash for the next big tour.

Rent Your Clothes

With sites like Style Lend & Loanables, you can make good passive income by renting out your clothes. Thus, if you own lots of high-end or special occasion clothes, you could just be on your way to operating your very own "runway rent" from your closet.

You need to ensure you read the rental sites' fine print. Some don't charge any fees to the purchasers & sellers; others however charge a commission of about 5% for every order. you'll need to be careful with your pricing to make sure that you don't end up making too little after the commission.

Go With Bing

Did you know that it's possible to earn money for using Bing instead of Google when you're browsing? Well that's possible with Microsoft rewards.

Start Writing Reviews Online

Sometimes doing good deeds like leaving online reviews on products can generate you a good passive income; this's apart from helping other shoppers make informed decisions when purchasing & the manufacturers in making relevant improvements to their product lineup. If you want to make money through reviews, you could start by visiting swagbucks. Here, you can answer online surveys asking for your opinion about certain brands, services & products. Apart from that, you can sign up to test products. You'll simply sign up for promotional offers to generate points then leave reviews after testing the product out.

Other places to look include the following:

SponsoredReviews.com

Inbox Dollars

Vindale Research

Other methods of making money include:

40. Hosting premium webinars

41. Podcast advertising

42. Newsletter advertising etc
Stock Market

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One of the oldest forms of passive income is stock investing. We all know that millions of people have generated this type of income by buying stocks at a low price & selling them at a higher price. it's one of the most recognized forms of income outside of having a job. But there's another way to make money on stocks without having to sell your shares when they increase in value. that's through dividend investing.

It is one way to receive consistent income that could realistically be sizable enough for you to actually live off of. there're of course, some risks involved & understanding the system can be confusing at times but if you're able to muddle through the technicalities it could prove to be a very effective resource all around.

The Basic Principle Behind Dividend Investing

Stocks are basically shares in businesses. The concept is simple: you buy a share in a company & each share represents a percentage of the building. Every business needs to make regular decisions about the revenue they generate. they've to decide between taking their profits & reinvesting them back into the business or cashing out & distributing them to the owners. As a partial owner in the company, when they cash out, you'll receive a payment in the form of a dividend.

Generally, in new businesses, the need for growth far outweighs the need for cash so more often than not, those businesses will concentrate on reinvestment & are less likely to pay out dividends but older companies that're more established & secure are much more likely to share its profits with its shareholders.

In most cases, dividends are paid quarterly at a fixed amount for every share. Buying shares in these companies is one of the easiest income strategies you can find. Depending on how many shares you purchase & the amount the company decides to pay out, you can easily build up a strong income without having to put in a lot of work. Of course, you'll have to watch the charts & monitor how well the stock is doing but that's about it.

How to Invest in a Stock Dividend Strategy

If you've never invested in the stock market before, you'll have to start by doing a little research. One of the first things you'll need to do is learn some of the basic terminology to help you understand what's involved in setting up your portfolio.

Terms like:

• Dividend yield refers to the annual dividend divided by the price of all the shares. This number will change from quarter to quarter as it's based on the price of the shares & the earnings the company makes each quarter. For example, if the company announces that it'll pay $1 dividend each quarter & the price of the stock is $120 then the yield would come to 3.3% ($4 ($1/quarter)/$120 = 0.033).

This is the amount of cash return the stock will provide each year. This may go up or down depending on how the stock prices move but it'll tell you how much your stock is worth & give you a pretty good idea of how much payout you'd receive. Ideally, you want to look for companies that pay somewhere between 1% & 4% each year. Companies that pay out higher than that won't be able to grow, & the price of the shares will eventually lose value, which means that a dividend cut is likely to happen.

• Payout ratio is the percentage of profit a company pays out in dividends. If the company generates $20/share over a single year & but pays $12 a year in dividends, then you can calculate the payout ratio at 60% ($12/dividend by $20 = 0.60).

Understanding the payout ratio helps you to see just how much of the profits the company is reinvesting in order to encourage growth. This percentage will vary from one company to another but those that payout between 30-70% usually fare much better. It shows you that management is very serious about keeping the business strong.

The secret to generating a good passive income lies in finding the right dividend stock to invest in. Most people choose a stock screener to help them to sift through the hundreds of different stocks on the market. You can find a stock screener tool to get you started with just a few basic fundamentals. this's an online tool that allows you to input certain parameters and it'll search through the index & come up with a list of potential dividend stocks for you to choose from.

Once you've your list, you can look for those companies that'll generate a dividend payout that you are comfortable with. This type of tool will give you a very extensive list of possibilities but from there you can put in other criteria to help you narrow it down. Some factors you might consider are:

• Market Cap – the total value of all shares

• Price-to-earnings ratio – share price divided by net income

• Operating Margin – earnings after operating expenses divided by total sales

This is why it's so important to do your research before you start. You must understand all of these factors to help you to choose which stock is right for you.

Diversify

It is also important to seriously consider diversifying your stock choices. You never want to put all your eggs in one basket. it's extremely important to choose stocks from various different industries. So, if an industry suffers a loss at some point or a setback, you'll still have an income coming in. Every industry will respond differently to the twists & turns of the economy & the external forces that affect it. The utility industry is often very sensitive to high interest rates whereas the financial sector will thrive under the same conditions.

While you don't have to go into a full scale educational program to see how each industry responds to different fluctuations, all you really need to do is make sure that you diversify. With a good balance of stock for each industry, you hedge your investment against a major downturn which could wipe out your entire source of income.

There are nine sectors you can invest in:

• Consumer staples

• Consumer goods

• Energy

• Technology

• Healthcare

• Utilities

• Materials

• Financials

• Industrials

Additional Tips for Investing in Dividend Stocks

These are just a few other things to keep in mind when you're planning your stock portfolio.

• Keep a healthy balance. Only hold 20 or 30 stocks in your portfolio & no single stock should hold more than 5% of your portfolio's total value. This keeps your losses down. If one stock fails, you'll still have a strong portfolio to keep your income growing.

• Don't limit yourself. You can also invest in foreign companies as well.

• Don't rely solely on this as a means of generating income. there's always a possibility of another market crash. Consider other investment tools like real estate, cryptocurrencies, or funds.

What About Funds?

It can be very confusing to try to decide which dividend stocks will work best for you not to mention how much time it'll take to make the right choices. In the meantime, you could start by investing in Exchange Traded Funds (ETF). these're funds that instantly allow you to diversify your portfolio with a single purchase. they're run by a fund manager who searches out & selects stock for you based on some very specific criteria.

The majority of ETFs diversify by investing in hundreds & sometimes thousands of different stocks at the same time. By investing in them, you automatically diversify your portfolio in one fell swoop. You bypass the need to analyze the fundamentals for each company because that's the role of the fund manager.

ETFs work in a similar way as mutual funds but they differ in the way they're traded, and they're often a much easier investment to get into.

What are the Risks?

Just like any other investment tool, dividend stocks do come with some level of risk. The biggest risk you might face is that a company may choose to cut their dividend payment out completely or they may not have generated enough income in a quarter for a payout. When a dividend fails to grow over the years, it's no protection against inflation & in time will lose its purchasing power but if you decided to diversify your portfolio as advised you protect yourself against those types of risks.

Another way to protect yourself from that type of risk is to choose those companies that're larger in size. This doesn't mean that larger corporations can't fail from time to time but because of their history they represent a much lower risk in that particular area.

Another risk that many new investors face isn't understanding the difference between a qualified dividend & those that at are non-qualified. When a dividend is considered to be qualified it's taxed at a lower rate & in some cases can represent tax free income for those investors who fall in a lower income bracket. Non-qualified dividends, on the other hand, are taxed at your personal income rate, opening up to the possibility of taxes taking a significant part of your return, especially if you fall into a higher income bracket.

One of the easiest ways to bypass this risk is to invest through an IRA or a Roth IRA so you won't have to pay any taxes until after you retire, which will automatically put you in a lower tax bracket.

How Much Money do You Need to Get Started?

The initial capital needed to get started in dividend stock investing is a major drawback & may be the single biggest issue in building a passive income. When you're investing in dividend stock a good yield would be 5% of your investment. But even with an initial investment of $100,000 that would only yield you an income of about $5000.00 per year.

This makes it very cost prohibitive for most people to get started. No doubt, it's considerably higher than the amount of money you'd have to put up if you chose to invest in real estate or many other types of passive income investments.

However, if you've the time, you could make a habit of reinvesting your dividend payouts until you reach a point where the dividends are high enough to sustain you. The secret here is to generate income momentum by reinvesting your payouts until your regular income is high enough. If you are young, you can do this over a period of years & in the end, you'll have a substantial amount of money coming your way.

Choosing long-standing companies can also help in keeping your dividend payouts high. Companies will usually try to increase their dividend payouts over the years as the business grows, which can also boost your return on investment.

As a rule, dividend investing can be an excellent source of passive income as long as you've a strategic plan, choose stocks wisely, & you don't have an immediate need for the cash payouts. You can start small, making small investments & reinvesting to grow your portfolio & in time you can actually have one of the most profitable forms of passive income that exist.

Well; forex too can be profitable.

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Youtube Channel

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Almоѕt еvеrуоnе hаѕ uрlоаdеd vіdеоѕ оn ѕосіаl vіdео sharing wеbѕіtеѕ lіkе YоuTubе.соm, Fасеbооk.соm оr Dаіlуmоtіоn.соm. Some of thеѕе vіdеоѕ are еntіrеlу personal & nоn-рrоfіt; but most of thеm wеrе uрlоаdеd wіth a сlеаr mоtіvе - making money. Yеѕ, оnе саn make mоnеу from a рорulаr YоuTubе video оwnеd bу hіm. As hе'ѕ аlrеаdу gеnеrаtіng trаffіс, he juѕt needs to mоnеtіzе thе trаffіс & make money frоm thе соnvеrѕіоnѕ. Thе соnсерt іѕ fаіrlу ѕіmрlе; уоu just need tо рut thіngѕ tоgеthеr & mаkе things work properly. Lоtѕ оf іntеrnеt mаrkеtіng blogs & fоrumѕ can hеlр уоu lеаrn how tо gеnеrаtе еаѕу раѕѕіvе іnсоmе frоm a YouTube vіdео сhаnnеl; thіѕ аrtісlе has сurаtеd thе mоѕt іmроrtаnt ѕtuffѕ & summed uр for уоu. Kеер rеаdіng tо lеаrn mоrе аbоut making mоnеу online frоm YоuTubе videos. It's dеаd ѕіmрlе; уоu juѕt need tо ѕtау fосuѕеd & рut уоur еffоrtѕ into thіѕ tо mаkе mоnеу!

Hоw tо gеnеrаtе раѕѕіvе income frоm a YоuTubе video сhаnnеl?: thе bаѕіс things уоu must lеаrn.

YоuTubе is one оf thе mоѕt populated website оn еаrth. Evеrуdау millions of реорlе hop оntо YоuTubе. Sоmе оf thеm аrе interested to learn ѕоmеthіng, some оf thеm аrе there fоr entertainment рurроѕе & a lоt оf thеm were асtuаllу searching for something & hорреd onto YоuTubе as the fіnаl resort. & hеrе соmеѕ thе орроrtunіtу, you can gеt them thе solution, thеу hаvе bееn lооkіng fоr. Thе соnсерt is simple, еаѕу but hіghlу еffесtіvе. All уоu nееd іѕ a рrореr ѕtrаtеgу to ѕtаrt thіѕ!

1. First, gеt ѕоmе ѕubѕсrіbеrѕ & vіѕіtоrѕ

Yоu wіll need tо gеt ѕоmе ѕubѕсrіbеrѕ & some vіѕіtоrѕ to уоur channel & videos. Aѕ уоu'rе іntеndіng tо mаkе money frоm thе videos, mаkе ѕurе the appearance оf your сhаnnеl іѕ рrоfеѕѕіоnаl yet wіth a wаrm, frіеndlу fееlіng. Dоn't bе tоо рrоmоtіоnаl; оthеrwіѕе, you won't bе able to gеt a decent trаffіс оr subscribers. Onсе уоu hаvе ѕtаrtеd getting some vіѕіtоrѕ, gеt them hіgh ԛuаlіtу, rеѕоurсеful vіdеоѕ rеgulаrlу & you wіll get a bеttеr response. You can аlѕо think аbоut аdvеrtіѕіng & рurсhаѕіng vіѕіtоrѕ to your сhаnnеl tо gеt a quick turnоvеr!

Second, drіvе traffic tо thе videos individually

Whеn you are actually wоrkіng to dеvеlор a сhаnnеl thаt іѕ going to mаkе уоu mоnеу, уоu ѕhоuld bе fосuѕеd on thе videos іndіvіduаllу. Thіѕ wіll keep уоur promotional асtіvіtу undеr the radar & hеlр уоu make mоnеу соnѕіѕtеntlу wіthоut gеttіng yourself flаggеd. Mаkе sure that thе vіdеоѕ аrе іndіvіduаllу рорulаr. Once уоu hаvе ѕtаrtеd driving a dесеnt аmоunt of traffic to the videos, уоu ѕhоuld move оn & brand your сhаnnеl tо mаkе it lооk legit! Onсе аgаіn, уоu should mаkе thіngѕ lооk professional yet wаrm & friendly!

3. Third, mоnеtіzе thе way іt ѕhоuld bе!

Fіnаllу, іt'ѕ tіmе tо рut some monetization ѕtrаtеgies. Yоu shouldn't fосuѕ оn monetizing whіlе уоu'rе brаndіng. Yоu should take these two thіngѕ саrеfullу, ѕеrіоuѕlу & іndіvіduаllу. Onсе you've ѕtаrtеd getting response frоm уоur visitors, ѕubѕсrіbеrѕ & еvеrуоnе else, іt'ѕ time tо mоnеtіzе but in a sober, consistent & nоn-аggrеѕѕіvе wау!

The іntеrnеt is сrеdіtеd for giving countless women a ѕtаb at fіnаnсіаl frееdоm. Aѕ mаnу women fеаr corporate Amеrіса, & thоѕе іn it struggle tо compete wіth their mаlе counter раrtѕ, bесоmіng a mom wоrkіng аt hоmе іѕ thе mоѕt vіаblе option for ѕоmе wоmеn to оwn a ѕuссеѕѕful business.

The іntеrnеt аllоwѕ mоmѕ wоrkіng at home tо do ѕоmеthіng thаt mоѕt оfflіnе mothers саn't whісh іѕ to ореrаtе a hands frее business thаt gіvеѕ thеm passive іnсоmе. That is, thеу earn money even whеn they're not рhуѕісаllу wоrkіng. Mоѕt mоthеrѕ can't gіvе thеіr families financial ѕесurіtу without showing uр tо work. Unfоrtunаtеlу, many mоthеrѕ hаvе tо mаkе thе tоugh dесіѕіоn оf сhооѕіng thеіr саrееrѕ оvеr their families.

It іѕ also ѕаіd thаt in many соuntrіеѕ, ѕuсh as Canada, wоmеn are working mоrе hоurѕ but аrеn't seeing mоrе рау. Bеіng a work аt home mom thоugh іѕ different in thаt women do see thе fruіtѕ of thеіr labor. & wіth thе internet bеіng a more lеvеlеd рlауіng field wоmаn оwnеd businesses have juѕt аѕ much сhаnсе аt ѕuссеѕѕ аѕ thоѕе оwnеd & ореrаtеd bу men.

Whеthеr thеу сhооѕе tо do іt іn thеіr pajamas, аftеr thеу'vе fееd thеіr kіdѕ, оr іn thе аftеrnооn while their сhіldrеn nар, wоrk аt hоmе mоmѕ are сrеаtіng a life wіth nо lіmіtѕ.

A great resource to learn more about youtube income.

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Foreign Language Business

Starting your own business under a foreign language can be a very wise proposition if you are looking forward to ranking your website in the principal search engines (Google, Yahoo!, & Bing). By far, English keywords incur the highest levels of competition for search rankings among the rest of the world's major languages. Hence, you can divert or accommodate the use of other foreign languages on your website for this purpose.

Keynote – Truly, it would be an advantage for you if you can speak a language other than English. You can easily replicate any from among these aforementioned passive income ideas in your foreign tongue.

However, assuming that you already have an idea of the nature of specific keywords or search terms you want to target, you should compare the competitiveness of the keywords for both languages prior to making your decision. It would be a no-brainer if you were able to put in less work & gain the same results.

Launching Costs- 9 | Feasibility Level- 8 | Liquidity Potential- 7
Backseat Translation Service

Translation services are high in demand since the majority of the contents online are in the English language. Yet, when you judge the competition for all types of translation services, only a handful of translation service entities meet this steep demand!

If you are capable of reading & writing fluently in a particular language other than English, then you've a valuable asset that you can put to good use. You can begin by offering your own translation services as a freelancer. Doing the routine & preliminary works personally will be helping you to understand the operations of the business right from its core & up.

Soon as you've figured out certain processes that work like an established process of acquiring customers, you can then document them & begin planning a backseat approach by outsourcing your main work responsibilities to other translators.

Keynote – Alternatively, you can even create an authority niche website. This requires you creating contents about translation services so you'll generate leads from its organic search. By branching out in this manner, it'll help you to establish your service brand while charging for premium services.

Furthermore, if you perform a quick research for 'translator' keywords, you'll find out a treasure trove of translation keywords with high buyer intents & super low competition levels (refer to Image-5).

Based on its cost-per-click amounts, keywords for translation services register an average cost of $9.70! This denotes that advertisers are very much willing to pay more than $9 for a single click leading to their respective sites from people searching for translation services!

Launching Costs- 9 | Feasibility Level- 5 | Liquidity Potential- 6
Software As A Service (Saas) Business

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The advent of the Internet gave birth to the SAAS type of business. 'SaaS, or software as a service,' is a subscription-powered & software-distribution business model, wherein a third-party provider will host applications & make them available online for customers, who'll be paying a monthly subscription fee for the service.

SaaS is among the principal components of cloud computing, namely, 'platform as a service (PaaS)' & 'infrastructure as a service (IaaS).' Definitely, creating your SaaS business is one of the most difficult passive income ideas to fulfill.

Foremost, it necessitates you to outlay a larger start-up capital & dedicate a substantial time of your life to engage with it. Nevertheless, a SaaS business always beats investing your money as an 'angel investor' or informal or private investor into a company in return for a measly 1% shareholding in the business.

SaaS businesses appear in all shapes & sizes within various industries. ConvertKit is one good example:

ConvertKit specializes in email marketing for online creators & bloggers. It provides bloggers a user-friendly platform or software to create & operate their own email marketing campaigns. The ConvertKit software assists bloggers to grow their businesses by implementing an effective email autoresponder, as well as automation sequences. Its payment plans are dependent on the number of subscribers a blogger has, ranging from $29 up to $79 or more per month.

Just imagine the earnings you can gain with your SaaS business if you've a thousand customers paying you $29. That translates to a whopping $29,000 a month in monthly recurring revenues (MRR)!

Keynote – The costs of creating your SAAS business are down to the level of outsourcing, which you require to build up your most valued product. Essentially, this form of funding is 'bootstrapping' or the renowned term for describing the funding process for the start-up of an online-based enterprise with minimal resources.

Bootstrap funding only works if you possess a good background & reputed expertise in computer programming & software development. Actually, if you are able to design the product (software) yourself, then it'll cost only you far less money. As it's the case, several successful SaaS businesses turn to outsourcing the entire processes of their software's technical design.

Launching Costs- 3 | Feasibility Level- 2 | Liquidity Potential- 9
Tweaked Saas Business

A tweaked SaaS business is similar to a regular SaaS business except having a distinctive twist, which brings into the mix the business model of affiliate niche marketing. Additionally, most of these typical SaaS companies apply other business models in order to maximize their profits.

To illustrate further, take DomCop as an example. DomCop is a helpful tool that can group together a number of expired domains having practical SEO metrics.

Lest mistaking DomCop as a domain registrar like GoDaddy, it just has a very powerful search feature that can help people to look for the expired domains they need. In other words, it resembles an ideal serial information organizer. Similar to any other normal SaaS company, it charges a monthly subscription fee for using its service.

However, it also uses affiliate marketing to generate extra revenues. When you search through DomCop, there're conspicuous buttons that'll take you to the various domain registrars for bidding or purchasing an expired domain. Each of these buttons is actually an affiliate link!

Keynote – Bear in mind that passive income ideas are never limited to only a single endeavor at a time. Within these ideas, hide clever ways, for which you shall explore, discover & create or combine feasibly strategies from different business models so you can maximize your revenues.

Launching Costs- 3 | Feasibility Level- 2 | Liquidity Potential- 9
Chapter 2: YouTube Ad Revenue

REQUIREMENTS

EBooks have zero cost to entry & require only the most basic of equipment. Making money through ad revenue on YouTube is an entirely different proposition, & will require more equipment. Most readers of this book will already have a laptop with a webcam, but there're some additional considerations to take into account. For one, there's the simple issue of bandwidth & upload speed. Internet packages typically differentiate the upload & download speeds within each package, with the download speed almost always being far greater than the upload. Unfortunately, to put videos on YouTube you are going to need a decent upload speed. By going to SpeedTest.net, you can determine your upload & download speed. At a bare minimum, you'll need a 1mbs upload connection, with 5-30 being far more preferable. A 1mbs upload will take around eight hours for a single twenty minute video running at a high bit rate (quality of video compression). Additionally, when you upload a video to YouTube, there's a high amount of compression done on YouTube's servers, so you'll want to upload the highest quality raw video. Put simply, anything you upload to YouTube is going to look far worse than it does locally on your machine.

Aside from bandwidth, you'll need a camera that's preferably 720p or greater & an editing/recording program. If you are running MacOS, the built in iMovie is a great starter program, with easy instructions & simple to use editing tools. If you are running Windows, I'd defer to either Sony Vegas or Adobe Movie Maker. Sony Vegas is more advanced, & the licensing can be quite expensive. Unfortunately on Windows, these're the two best options, but for beginners neither is quite as easy to use as iMovie. These programs are essential to uploading videos because this's where you'll determine the output render of your video – meaning this's where you'll determine the bitrate & resolution of your project.

If the requirements seem a bit technical, & perhaps even scary, don't fret. Uploading videos is easy; you'll just need a fair amount of practice. Expect to really get a handle on video editing & uploading after around ten to twenty hours of practice. It's an investment for sure, but successful YouTube videos are some of the greatest ways of providing passive income. Note that most YouTube personalities do have a second job, & that it does take quite a bit of time to build a following large enough to quit your day job. I'd plan on using YouTube videos to merely supplement your income. Making YouTube your full time job is an admirable goal, but realistically your revenue will be more limited.

REVENUE

Uploading videos to YouTube & getting views won't make you any income on its own right – you'll need to link your account to AdSense to make any revenue. this's a simple process & requires going through the AdSense portal, but note that once you sign up for AdSense, you are held to additional terms & conditions. The only negative aspect of this's that copyright infringement, which's often done accidently, can either lead to your video being taken down or your revenue being held by Google.

The breakdown of revenue from AdSense is 55% for the creator & 45% for Google. Just like with eBooks, you'll need to make one hundred dollars or more to receive payment. Also, you'll need to supply your tax identification number & declare any payments as income. Just like eBooks, if you buy any equipment to fulfill this project, make sure you add that to your deductions. In terms of potential profit, video creators earn around $7 per every one thousand views. While this might seem like a small amount, three videos a month that garner 4,000 views each would equal over one thousand dollars a year. Just like eBooks, this's also a process that builds on top of your past efforts. As you build an audience & gain subscribers you'll find that your attachment rate to videos increases, so your past videos will earn views & that audience will be with you going forward.

Personality or Utility

You have a general sense of the requirements for uploading your videos, as well as how you'll be generating revenue. The most important aspect of your YouTube channel is going to be building a community & creating niche specific content for your audience. The most successful YouTubers typically split into one of two categories, utility or personality. Utility videos are designed with a purpose of teaching a skill or helping an audience deal with a problem. Consider videos that show car repair, or instructional videos as utility. The other type of YouTube channel is personality driven. While these videos do offer some aspect of educational material to their viewers, most are there because of the personality behind the channel. How you want to designate yourself is largely going to depend on how outgoing you are. If you find yourself to really be a shy person, I suggest that create utility videos on a topic you are familiar with – it's generally less profitable, but it plays to the idea that you want to be known for the utility of your content, & not your personality. If you are an outgoing person, YouTube is a fantastic venue to get your personality on the screens of potentially millions of viewers. Decide on the angle that you want to approach your YouTube channel with, & focus on being as niche as possible. Even if you are mainly selling your personality, you'll need a general topic to lure in viewers. Some of the most popular topics are: video games, makeup, product reviews, & comedy channels. All of these're good avenues if you want to create a following using your personality. The videos will revolve around you, but you'll get those initial views through these popular search terms.

CONSISTENCY

Uploading YouTube videos can certainly be a lot of work, especially depending on the quality of the editing. What's important is that you are consistent in your uploads. Whether that means a video every day, every week, or every month, make sure that your audience knows when they can expect new content. I've seen more YouTube channels die this way than for any other reason - the creator is simply not consistent enough in their uploads & their audience peters off. I like to equate this to the LOST problem. LOST was a popular show on ABC, but started to decline in ratings when they became highly inconsistent in when it would air. Viewers need a sense of community & a sense of consistency to revisit your channel over & over.

Building a Community

A few years ago Amazon bought Twitch.TV for around a billion dollars. I remember this acquisition & being quite puzzled. I didn't realize that Twitch was such a popular service, & didn't understand how it was different from YouTube. The secret to building a strong viewership on YouTube is to build a community. Your viewers aren't just there to see you – they're there to interact with like-minded individuals. Twitch is the epitome of building a community around videos, & what differentiates it's the 'live' element to its videos. Twitch & YouTube play into each other, & depending on the topic you want to focus on, I suggest you take a look at using both services.

Twitch is actually easier to use than YouTube in a lot of cases as you don't need to focus on video editing or uploading a large amount of data at one time. Open Broadcast Software (OBS) has made streaming an incredibly simple process, & truly it's easier than getting started on YouTube. These two communities should play into each other in the sense that you use the live streaming of Twitch to link back to your YouTube channel. What Twitch offers is a live chat function so that you can interact with your audience. While many Twitch streamers use this to play video games & communicate at the same time, there're many other potential uses. Regardless of what your niche topic is, you can use live streaming to great effect. Take for instance if you decide to focus on reviews of makeup products, a popular type of video category. YouTube videos aren't interactive, but Twitch allows you to answer questions live. Perhaps most importantly, it's a very simple process to download videos from Twitch & then upload them to YouTube. If you are unsure about using video editing software, this's a great way to start uploading videos. You don't need to worry about encoding, bitrate or any other settings. you'll set these options up through OBS, & even this has an automatic detection system that works fairly well. I've thus far not mentioned that YouTube also has a live streaming service, but unlike Twitch it appears to not be very popular. If you want to focus on a live aspect, I highly recommend using Twitch over YouTube – the videos will still make their way to YouTube, but they just won't be streamed live on that service.

There are several ways of interacting with your community to draw greater viewership. One of the most common ways is through giving away a product to one of your viewers. This works better on Twitch since it's a live system, but it also commonly done on YouTube. Remember that even if your giveaway is on Twitch, this will still play into YouTube views as long as your Twitch channel redirects to your YouTube page. there're also many plugins that you can attach to the Twitch chat for greater interaction, such as polls & competition among users. One of the more inventive methods that I've seen is using a video game to interact with a large audience. Streamers have used a modern version of YOU DON'T KNOW JACK to interact with thousands of viewers live. this's a fantastic way to further your reach & to gain views.

While your main monetization is through YouTube, if you decide to also stream through Twitch, you can make revenue through this site as well. Instead of going through AdSense, you can set up a Patreon account. You can think of this as a tip jar for your efforts. Again, it's not going to be your main driver of revenue from videos, but is just a nice way to make some additional income for your steaming efforts.

MARKETING

There are a number of ways to market your videos outside of YouTube & Twitch. Look to popular content sites like Reddit for an avenue to link your videos. You can also find success by linking relevant videos in Yahoo comments, or other popular online forums. The key is that you are convincing when you link videos, and don't come off as a bot that posts a link on every single comment thread. Apply the links only when relevant, & be conservative in how often you post.

Within YouTube, you can link to videos using the simple to use overlay system. This system puts links to your other videos on top of the video that's currently playing. You should've at least one link to another video & one to subscribe to your channel. this's a staple of self-promotion on YouTube, but some YouTubers go about this method in a way that's entirely too forceful. I've seen many videos that get covered in overlay ads, to the point that it detracts from the experience of watching the video. Like with comments, be conservative in your overlay links. Remember that you are trying to generate passive income through hard work & investment in the immediate – you shouldn't be treating YouTube as a way of paying your bills in the next month, so please don't try & seem too desperate within your channel.

Niche Topics & Answering a Question

The best way to differentiate yourself from other YouTubers is to get highly specific about a topic. You may think that this doesn't serve the purpose of mainstream appeal, but keep in mind how crowded this marketplace is. The ability to upload YouTube videos is in the hands of nearly everyone, & so focusing first on niche topics is a great way to find your footing. You are also marketing your personality, & niche channels will often grow based on how much your audience enjoys your company. Additionally, even the most niche topic is going to have thousands or millions of people that're interested. YouTube is available to billions of people across the globe, so even just a slice of a small market can lead to thousands of views every month.

As you create your videos, I want you to focus on answering a question in every video that you create. this's a strategy that many YouTube personalities have adopted – solve a problem or answer a question for your audience. The question or problem needs to be provided by you, & what this does is build a through line for your videos. they'll have a beginning, middle & end in addressing whatever question you pose. Obviously this doesn't work as well with humor, but that's entirely different beast from most YouTube videos. A question focuses your video, but also offers a reward to the viewer – they'll understand a topic or be able to solve a problem that they previously couldn't address. This gives purpose to your channel, & will attract viewers. this's merely a beginning tactic, & helps you outline the structure of your videos. The question that you try & answer doesn't need to be incredibly specific, but can be quite broad, such as: what's a good coffee bean from South America? In this question we don't have a hyper specific problem that we're trying to solve, but rather a general topic of inquiry. It focuses the video to a single topic, & helps you outline the direction of your content.

Production Quality

The long term success of your YouTube channel is dependent on many variables, but one you cannot discount is the overall quality of the production. Even if go the route of streaming to Twitch & then uploading these videos to YouTube, you'll need to make sure that the raw video feed is high enough quality to keep viewers glued to your channel. For example, even if you've a truly great niche topic, & even if you are a fantastic teacher, if the audio crackles or the resolution of your video isn't fantastic, viewers will go elsewhere. No matter how specific a topic you discuss, there're going to be other YouTubers that also focus on that material. Your videos might have better content but viewers won't get that far into your videos if the quality isn't great.

This is a perfect aspect to look for a mentor to help you. You know the basic software that you should use, as well as some of the technical requirements, but like all aspects of passive income, there're many details that I'm skimming over. In this case, specifically the technical side of achieving great uploads. I suggest you find a video series on YouTube that deals with this issue specifically. Specific channels can guide you through the type of bitrate that's best, as well as how to use video editing software to its greatest effect. It's fine if your starting videos are a little rough around the edges as everyone starts this way, but to find long term success you are going to meet a certain level of quality that viewers have come to expect.

Be Mindful of Copyright Infringement

There is a bit of a crisis in the YouTube community, and that's how the current copyright system for videos works. Even without AdSense, if your video uses copyrighted music without permission, it might be taken down. The moment you turn AdSense on, this gets exponentially more stringent. there're firms dedicated to issuing take down notices & many YouTubers have to face a reality that their videos can be taken down at any time. Even worse, Google holds the revenue from that video until it has reviewed the complaint. In essence, those that own the copyrighted material have a great amount of authority over what videos stay up. They don't need to prove infringement to get a video suspended, & while this system might be unfair, YouTube is such a large market that these're the rules you'll have to abide to.

The best way then to avoid take down notices is to not put any licensed music in your videos. You can put your own created music in videos, but note that even this carries a chance of being taken down– truly the system is biased to copyright holders. If they feel as though a piece of music you created borrows from a song that they own the right to, even if it's by accident, they'll issue a complaint.

Take down notices are an issue for every YouTubers, but it's especially prevalent in the video game community. Some modern games include a specific streaming option that allows for copyrighted music to be turned off, but many don't have this option. This means that if you are playing GRAND THEFT AUTO for example, & a song by a popular artist comes on, your whole video can be taken down. Additionally, there're some publishers & product creators that want a cut of revenue from showing their products. Nintendo, for example, requires an agreement that they receive a large portion of your revenue. there're other manufacturers of goods that'll do the same, issuing a complaint until you agree to enter a contract where they receive a portion of your revenue. Be mindful of these companies, & be weary of the music that you include in your videos.

It can be frustrating to have your videos taken down when you don't understand the nature of a complaint against you. I want to offer some reassurance that not all take down notices are permanent, & many are lifted after review. Also the more subscribers you garner, the faster your review will take place. this's important if you are dealing with time sensitive videos, such as a review of weekly events, or a review for a product that has just been released. If revenue is being held because of a copyright complaint, this too will be paid to you if Google decides that no infringement has taken place.

Lastly, I should mention that many infringement complaints come from other YouTubers that compete in the same market. YouTube is a highly competitive marketplace, and there're some less than honest video creators. they'll claim that your video infringes on theirs, & since the current system favors those that issue complaints, the video will cease to earn ad revenue until it has been under review. this's yet another reason why it's highly advisable that you focus on a niche specific market. The less competition that you face, the lower the chance your video will be taken down.
Standard Rate & Data Service (Srds) Model

SRDS, or the Standard Rate & Data Service, is a clever business idea that exploits the currently underused strategy of direct mailing to its optimum usage & efficacies. The reason more people don't indulge in this's the fact that hardly anybody knows about it; besides, it's a bit expensive. This business model doesn't directly create passive income per se. However, it has the strong potentials of generating enormous sums of cold cash within just a short period upon starting to engage with it.

Keynote – The SRDS media platform possesses direct mailing list information, for which people may access & use to identify massive groups of individuals who share a common interest. The concept involves the following:

 Identify a dynamic market by looking for people who share a common interest, including their purchase history (golfers are great examples since they're passionate about their sport & have more money to spend).

 Digest at least a dozen books pertaining to the market you've identified. This may sound taxing, but it should only take you a few hours to skim reading them.

 Draw out excerpts of useful information from the books you've read. Redact the extracted data into a refined content, which you'll use to create for your exceptional product information. The content may be in the form of a training manual, an e-book, or even a series of training courses.

 Ensure to write a compelling sales letter that'll highlight the secret information you've learned & gathered; else, you'll not be able to convert.

 Reach out contacting a reputed list broker, relating the list you found on SRDS & ordering from the broker that you need to rent, say, 5, 000 contacts.

 Use direct mailing for your physical sales letter to half of the rented contacts as a preliminary test to gauge their interest. When you receive a decent a decent response, which's actually making a few sales, then rent the entire list of contacts & send to everyone your sales letter.

If you follow these procedures, then buckle down to rake in great amounts of money within 45 to 60 days. Say, you decided to sell your product information for $100. You sent your sales letter via direct mail to 5,000 people, & only a measly 3% of the recipients bought your product. Congratulations, as you just earned a little less than $15,000.

You can step a notch higher than this perceived earning. Remember that a number of the lists on SRDS contain millions of names! Besides, just imagine how many people still use physical letters; while email boxes of people keep on flooding, their drop boxes are constantly empty!

The only downside for this model is the usage of postage, which certainly costs quite a lot. Besides, you ought to hire a few hands for writing out the addresses for your recipients.

Launching Costs- 4 | Feasibility Level- 4 | Liquidity Potential- 10
Writing An Ebook

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When people think of making money by selling products, they think of all the hard work that must go into such an endeavor.

Products need to be sourced. Products need to be stored. Products need to be advertised somewhere. & all this's before a single product is even sold! Then there's making sure that the right product gets to the right person. Postage needs to be organized & shipping arranged.

All in all, an immense amount of effort is required.

However, this's only true when it comes to traditional products. Physical products. From couches to bags, from phones to fishing rods.

With the advent of the internet, we can now sell digital products. Digital products can be replicated an infinite number of times & can be instantly downloaded from anywhere in the world. This means that almost all of the effort associated with traditional products is eliminated.

Traditional products, such as fishing rods or school bags, require you to buy them wholesale, store them, & then pack them up for postage, write the address, & take it to the post office. Alternatively, you've to rent a store & suffer the burden of all that's associated with doing so.

With a digital product, such as an eBook, all of this work is completely eliminated. No storage. No buying wholesale. No postage. In other words, once you hit "Publish," you need do nothing more. It can potentially keep on selling for years & years without you doing anything at all. You can literally make money as you sleep!

But... don't you need to write & market eBooks?

Yes, this's true. However, this doesn't stop it from being an almost entirely passive source of income.

First of all, you can outsource almost the entire process. This means that you can basically put in a few minutes work (around 20–30 minutes) making sure that everything is all good, & then you never need to worry about it ever again. From that point on, the only time spent will be spent glancing at the monthly checks that arrive in your mailbox.

So let's take a look at the specifics of how you can go about actually making money with eBooks, as well as how much money you can expect to earn.

So first up, how much money can one expect to earn from this method of passive income? While results can vary widely, a general rule of thumb to go by is between $60–$200 per book per month. That equals between $720–$2400 each year for a single eBook.

If you're wondering what makes the difference between the lower estimate of $720 & the higher estimate of $2400, here are the factors that influence how much money your eBooks will passively earn you:

1. Cover: If you've an ugly, unprofessional looking cover, very few people will buy your eBook(s).

2. Blurb: If you've a blurb that doesn't appeal to readers, they almost certainly will not purchase your eBook.

3. Title: If you've an unclear or unprofessional title, readers won't be interested in what you've to offer.

4. Quality: While your eBooks don't need to be Pulitzer Prize winning masterpieces, if they're poor quality, you'll not be creating a passive income source. you'll get bad reviews & nobody will buy your eBook.

5. Reviews: If you've lots of bad reviews (or no reviews), readers will be less inclined to purchase your eBook. If you are just starting out, you can reach out to top Amazon reviewers & give them a free copy of your eBook in exchange for an honest review.

If you make sure to master all of the five factors described above, there's no reason that you can't make thousands of dollars a year (hundreds of dollars month) with a single eBook.

Furthermore, you can scale this business. But before we discuss how to scale your eBook business to grow your passive income, let's take a look at exactly HOW to go about getting started with eBooks.

There are two main components to the question of HOW. Firstly, there's how to produce an eBook. Secondly, there's how (and where) to publish an eBook.

So first up, how to produce an eBook. The most obvious way is to write the book yourself, write the blurb yourself, design the cover yourself, & so on. While this's obviously possible, this book was written with the intention of helping you to create a PASSIVE income — not a part time job.

The way to make this a (nearly) fully passive income stream is to outsource all aspects of the business to freelancers. This means that rather than you spending hours & hours trying to do everything, you hire some cheap, overseas freelancers to do the work for you. The best service to hire freelancers from is UPWORK which can be found at https://upwork.com/.

You can hire people to not only write your eBooks (if you so desire), but also to market them, find keywords, publish them, & so on. This will save you a tremendous amount of time & make eBooks a truly passive source of income for you.

Now for the second part, how (and where) to publish an eBook. The best place to publish eBooks is on the Amazon Kindle Store. Amazon has a service that guides you through this process, called Amazon Kindle Direct Publishing. You can also try other digital book stores such as Apple's IBOOK Store, Google's GOOGLE PLAY Book Store, & Barnes & Noble's NOOK Store.

Moreover, you can also use print on demand sevices — such as CreateSpace at https://createspace.com/ — to create a paperback edition of the book. This means that people who aren't fans of reading books on a digital device can still purchase your eBooks in physical form. This can often end up almost doubling your passive income from a certain book — all without you needing to lift a finger!

The great thing about publishing eBooks is that you can easily increase your passive income. All you need to do is have the freelancers that you've hired produce some more books.

This means that you can be working a full time job & still be growing a passive income stream with minimal effort & time. A truly passive source of income. So, for example, you might start out with a few books, earning you a few grand a year (several hundred a month). Then you might want to have some more books written about something — whether it be fiction or nonfiction — & reinvest these funds & hire some freelancers to write some more books. You can continue to steadily grow this — all with minimal effort — & eventually grow this stream of passive income to such an extent that it equals or even surpasses what you earn from your day job!

Finally, & most importantly, remember to focus on quality. Although it can be easy — not to mention tempting — to fall for the false notion that you can just put up a bunch of shitty pamphlets & become a millionaire overnight, this's not the case. Take you time & put out quality eBooks that genuinely help and/or entertain people. Books that're of poor quality will quickly cease to sell. Moreover, take your time. Get a feel for the process & build a portfolio of solid, quality eBooks.

Also, it's worth mentioning that Amazon's KDP (Kindle Direct Publishing) platform allows you to promote your books for free, which can boost your sales after the fact. You can also find some great services on FIVERR (https://fiverr.com/) to promote your eBooks, too.

All in all, eBooks are a great way to create a genuinely passive income. Not only do they not require any postage or storage, but you can also cheaply outsource the process of production & marketing.

This is a good resource for starting.

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Reseller Web Hosting Business

A web hosting business is a type of online hosting service that allows both individuals & organizations to get their site accessible through the World Wide Web. Website hosting reselling is an ideal passive income idea, especially when you are engaged in the field of website design & development.

The website hosting industry is having a consistent growth for the past decade, hinting more opportunities for you to earn money! you've nothing to worry in the first place when you create your own web hosting company without any infrastructures.

Keynote – Instead, you can leverage computing power from the world's biggest hosting companies by being an official reseller. 'Reseller hosting' is a type of web hosting, whereby, as an account owner, you've the capability of using your bandwidth & allotted hard drive space to host certain websites on behalf of some third parties.

Thus, by this method, it allows you to provide a hosting service with complete features under your brand name. At the same time, this will eliminate any financial risks you'd have to take when you were to purchase your own infrastructure.

Essentially, you purchase the host's services wholesale & then sell for a subscription the hosting service to your customers for a profit. Therefore, providing web-hosting services as a reseller is purely a recurring monthly passive income. It requires you no extra work except setting up the account of your customers in the first instance.

If you work around the web design businesses & you aren't hosting reselling, it would be a waste of time & money. Several web designers suggest hosting solutions to their clients but they don't receive any compensation for it!

Launching Costs- 9 | Feasibility Level- 7| Liquidity Potential- 6
Create A Passive Income Stream Investing In Cryptocurrency

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The first strategy that I'm going to explain you is investing and, in particular, investing in cryptocurrency. Why do I invest mainly in crypto & blockchain related assets? Because I truly believe they're one of the biggest revolution undergoing in this very moment & that this's the perfect time to get involve before the market explodes to the upside & prices rise at major stocks level.

Another reason that I like cryptocurrencies & their market is because they're extremely volatile & provide the average Joe the possibility to make serious money without investing a lot. it's not a secret, in fact, that every time the market starts to rise, people rush into the search for the "next big win" & the question that circulates is always the same: "What will the next cryptocurrency that'll go to 'the moon'?"

The issue with cryptocurrencies is that, being a market that's not yet regulated in several countries, the risk of pumps & dumps, manipulation & fraud is just around the corner. this's why I wanted to cover them in this book. In fact, since they provide a great opportunity, I'm worried that a lot of people may get involved without knowing what they're doing & will lose a lot of money down the line. Here I want to show you what I do before investing in a particular asset & how I keep it a sustainable source of passive income.

Before getting started, here is a list of useful tools for the analysis of cryptocurrencies:

• Coincheckup.com - one of my favourite sites, offers much more data than other cryptocurrency monitoring sites;

• Coinmarketcap.com - one of the oldest crypto price tracking sites, far more popular than Coincheckup, but offers less data;

• Blockfolio - another popular cryptocurrency tracker.

Now let's get to the good stuff.

Step 1 - Understanding your risk profile

Many people will advise you to buy "low capitalization" cryptocurrencies & tokens (ie between 10 & 100 million dollars) because they've a greater opportunity for growth in terms of percentage.

Although this statement is relatively correct, you've to keep in mind that the smaller a coin is, the more risky it's to invest in it. Why? Because the project has indeed a much higher risk of failing.

In traditional investments, most people aim & are happy to get an annual return of 3% - 4%; but they could be in serious financial difficulty if the invested capital is lost, so most of the time more well-known, safer & more stable titles are selected.

Other people would instead be satisfied only with an annual yield of 7% - 12%. These people could also be willing to lose all their investment if things go wrong. In their case they'd point to a higher risk given the economic attitude they've at the base.

These two different groups of people have different "risk profiles".

It is important that in any purchase you make in your life (even for something "concrete" like a car), you do so knowingly about the financial risk profile you can afford to take.

My personal opinion is that just because something has higher chances of performance doesn't mean it's the best choice. In particular, I've invested mainly in the top 5 coins in terms of capitalization, because they're the safest spot right now. However, I always allocate a small part of my portfolio, 10% to be precise, to low cap coins. How do I find the most promising one? Here is what I do.

Step 2 - Identification of new coins or tokens

There are three main ways I usually use to find the "new" coins or tokens:

• Through the posts of the Bitcointalk.org forum, more precisely in the section "Announcements (Altcoins)";

• In the subreddit / r / cryptocurrency;

• In the "Newly Added" sections of Coincheckup & "Recently Added" by Coinmarketcap.

Each of these is a great resource to discover interesting coins with great return potential over a shorter period of time. As already said, I only put in at maximum 10% of my capital into these underrated projects.

With every investment comes the possibility to get scammed & in the crypto world happens more often that I'd like to see. During the last three years of experience, I've developed a series of principles that I follow in order to avoid being scammed. Here is what'll make me decide NOT to invest into an asset.

Step 3 - Exclusion of coins & useless tokens/scams

One of the first things I do when I look at new projects is to subject them to very strict criteria to remove "fluf" projects from the list. In particular:

• I don't buy cryptocurrencies in industries & sectors that I don't understand;

• I don't buy cryptocurrencies whose teams are inactive in social media communication;

• I don't buy cryptocurrencies whose startups/associations/companies are registered in countries where I can not validate a solid corporate entity;

• I don't buy cryptocurrencies if I cannot find the team members (with particular attention to the founder) on LinkedIn & validate that they're real profiles;

• I don't buy cryptocurrencies whose teams adopt spamming strategies & do aggressive & non informative marketing campaigns on social & non-social channels;

• If a team is building a brand new technology, I don't buy the cryptocurrency/token unless there's a detailed technical document explaining how it works;

• If a cryptocurrency has a pre-ICO with a discount, I tend not to buy it. If I did, it would only be in the case where the discount compared to the public ICO is minimal & the amount purchased is "locked" for a significant period of time (to avoid massive dumps after the public ICO);

• I don't buy cryptocurrencies if I don't use them personally as an end user.

To help me with the process, I also use a series of questions that allow me to get more in depth & realize the true fundamental value of an asset. In particular, I really like to ask myself the following questions:

• Would I use this cryptocurrency as an end user?

• Would I pay that price as a user?

• Does this project require the development of a new technology?

• What is the team's experience in this determined direction? Have they already managed a successful company? What was the performance of this company?

• Does the team have the ability to develop this technology? Are engineers & developers recognized in this sector? Do they've product managers & customer support?

• Is it clear how the project will generate users/customers?

• Why are they using the blockchain? Do they really need it or do they use the term "blockchain" to hype their project up? What're the pros & cons of using the blockchain in this case & why should the blockchain improve the current alternative on the market? (Keep in mind that currently, in most cases, blockchain-based systems are slow & expensive).

Pay attention to absolutist statements. Each project has negative aspects & consequences, a real project will be realistic in delineating them, especially the latter.

If I can see that each question has a positive answer, I'll than allocate a part of my portfolio. I always invest long term and I'm willing to stay in a coin for at least one year. If, for any reason, I don't feel confident enough to put money into a project for at least 52 weeks, than that means that it's probably better to look at another one.

Predicting the next currency that'll make the boom is impossible, out there're so many projects based on nothing that still capitalize tens of billions of dollars; in the same way, there're dozens of serious projects that deserve more, but that fail to stand out & gain visibility compared to others. The golden rule is that which applies in every financial market: diversify. By diversifying between several coins, you reduce the risk.

My final tip on cryptocurrency investing is to always include Bitcoin, Litecoin, Ethereum & Bitcoin Cash in your portfolio, since those're the most supported coins by institutional investors. How do I buy those coins? Everything starts on COINBASE.

This is a great starting point.

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Online Niche Marketplace

You can refer to this resource to help you get started.

### Click here to get instant access to this online training.

Think about Airbnb for a specific niche. Airbnb triggered a revolution in the way people book for accommodations. This similar concept is up for applying to various niches online.

Online marketplaces cater to a huge demand for people with certain shared interest from all across the globe. These typical sites enable both individuals & businesses to list their products or services for the consumption of their target markets.

Keynote – You can create your own online marketplace website within just a matter of hours contrary to the belief that you need a team of developers to construct it. You may use promotion platforms like Product Hunt, Twitter, & Craigslist to generate a dramatic buzz for the official launch of your online marketplace.

After completing your website launch & design, set out receiving your first few sign-ups. You make money by charging your customers a monthly subscription fee to your chosen niche.

Launching Costs- 7 | Feasibility Level- 7 | Liquidity Potential- 7
Online Business Investment

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If you are planning to operate your own online business sans undertaking the slow & arduous path of its startup phase, then your fast-track ticket for your plans is to purchase an existing business that's already generating income. There exist hundreds of passive income-generating businesses for sale online at any one time.

Investing your time, money, & efforts in established digital businesses are just one of the easiest & fastest ways of diversifying & growing your streams of passive income. Its average ROI is relatively higher as compared to many passive income concepts.

The most renowned website broker platforms where you can purchase & sell online businesses are Empire Flippers & the Australian-based Flippa. For a few thousand bucks, you can grab a bargained online business that earns profits between $1,000 & $5,000 a month.

Keynote – Definitely, you'll need to do tons of research prior to buying an online business & lest an internet fraudster tricks you. In addition, you'll need to learn even the basics of online marketing so that you can manage to grow the business after you've purchased it.

Of course, you may also flip the online business you just bought. Similar to the common dealings in the real estate business, you can flip your newly bought business for the intents of making a quick profit without incurring all the stress & hassles of consuming your time operating the business further.

When you decide to continue operating your purchased online business, you could enjoy explosive spurts of growths by rendering some minor tweaks. You may do this by implementing the process of 'conversion rate optimization' or a mode of increasing your sales by & from the number of your existing traffic.

To skyrocket the conversions in your online business, the process for your conversion rate optimization should involve implementing the following installations of the basic strategies such as:

• 'Squeeze page' – a landing page designed to squeeze & capture opt-in email addresses from your site visitors or potential subscribers

• 'Email autoresponder' – a program that generates automatically a set response to all the messages sent to a certain email address

• 'Lead magnets' – also known commonly as an opt-in bribe, are incentives you'll offer to your potential buyers in return of having their basic personal contact information like name, phone number, email address, etc.

These minor tweaks can truly create for your major results & changes. it's common for an online business to double its monthly profits just by simply optimizing a few sections of the site.

Launching Costs- 5 | Feasibility Level- 6 | Liquidity Potential- 9
App Design & Development

Google Play has already dethroned Apple's App Store as the largest app store where you can browse & download a program application. However, Google Play isn't as lucrative as it may seem in terms of bagging sales revenues.

For this reason, the ad networks of Google Play only pay less, & thus, making it tougher to earn good sums of money with a mediocre app. Therefore, when having the right app, there'll still be so much money to earn through both app stores. The cost of developing an app relies on a range of factors that include:

 The app designer you hired (whether an offshore developer or a well-established native agency)

 The basic features & requirements of the app such as its rating system, application programming interface (API) requirements or its sets of tools, subroutine definitions, & protocols for creating application software, design, etc.

 The type of app you'll be creating (i.e., game apps, business apps, hybrid apps, educational apps, web apps, native apps or those installed through an app store like Apple Store & Google Play, etc.)

Keynote – Developing an app is always a huge gamble. Your journey can be very expensive, & yet, painful. Nevertheless, the passive income rewards can be enormous! Attaining success with an app denotes millions in MRR. In fact, this's a major leaguer passive income potential.

A single app may incur expenses anywhere from a few thousand to millions of dollars. For reaching an estimate of its costs, you may use either the following couple of methodologies:

 Training your sights to hire offshore app developers are among the cheapest way; but, you really have to be careful with those unqualified app developers.

 Code Mentor X, a site specializing in linking up people to the top 2% levels of freelance app developers can help to ensure picking the right person for the job! All of its recommended app developers undergo a strict vetting process prior to meriting an approval & inclusion to the top performers.

 Opting for cost-saving freelancers rather than app developers from big-name brand agencies will help you to maintain & leverage your working budget.

If you are on a tight budget, this implies that you cannot have it all. Your only recourse for fulfilling your app concept is to find out what has worked for other businesses. Researching for the most popular apps will somehow provide you with invaluable insights into what works & what does not.

Upon having established what process truly works & suits you, try creating something similar but just spice it up with your personal touch & a unique twist. it's all about stimulating your creativity.

Launching Costs- 4 | Feasibility Level- 10 | Liquidity Potential- 9

"Success is doing what you want, when you want, where you want, with whom you want, as much as you want."

— Tony Robbins
Selling On Amazon & Ebay

If you want even better information about Amazon FBA & want to make over 30000$ every month passively; check out this free training.

Now if you're really tired of reading; you may check all of this in a video tutorial for free.

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People who want to sell their products often wonder if they can get a better return from either Amazon or EBay. There isn't a big difference between Amazon & eBay; it all depends on what you are selling & which site you prefer. Selling your items on eBay & Amazon can work for some people & not work for others. there're a lot of things you should consider before deciding to sell any item on Amazon or eBay, like marketplace restrictions & fees, competition in your category, type of items you want to sell, & so on.

It is easier for you to sell items that're common on Amazon and you'll earn more money as compared to selling them on eBay. If you've obscure products it'll be easier for you to sell them on eBay.

Some of the benefits of selling your items on Amazon & eBay include:

A) CONSUMER ACQUISITION: When buyers visit eBay or Amazon they'll not just search for your item but they'll be searching for other products & may come across your product. They might decide to buy your item or move on to your competitor's product. Once a customer has discovered your product & purchases it, you can refer them to other products that you sell especially if they fall under the same category e.g. fishing gear & hobby supplies.

B) BETTER SALES: Amazon & eBay have larger online presence which makes them to have increased sales of items. Amazon has about 84 million unique visitors each month & this means it has higher volumes of sales. Many people who've joined Amazon Marketplace have reported 50 percent increase in sales.

C) MARKET NETWORK: THIS'S all about the marketplace where there're variety of sellers & buyers at one place trading selling & buying different items. Sellers can easily sell their items & buyers can directly buy some items from the marketplace.

If you want even better information about Amazon FBA & want to make over 30000$ every month passively; check out this free training.

Now if you're really tired of reading; you may check all of this in a video tutorial for free.

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Build Mobile App

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In this day & age, there're iPhone, iPad, Kindle, & Android apps for nearly everything, but there's still a lot of money to be earned in developing apps. This passive income stream either requires a little sum of money to invest or it involves some pretty involved technical skills. You don't need to be a programming guru to create the concept of a great app & have it built, though. The conceptualization of the app is almost the most important step.

1. Conceptualize

The first step is going to be simply coming up with an app, whether that's a game or some type of tool that'll entice potential buyers. For games, it's possible to rehash old favorites with a small twist, but a truly original game with captivating graphics & mechanics is going to go much further than something that feels like an obvious clone of Angry Birds or Candy Crush. Granted, they didn't come up with their ideas completely on their own either, but those things are a bit played out, especially if you're simply investing money into the development & not the actual programmer of the app.

For tools, you need to approach this with the same mindset you approach selling eBooks, online courses, or ecommerce goods. The tool should provide a solution to a common problem. As an example, if all of a sudden everyone was interested in becoming the best pool sharks in the world, an app that helps visually calculate angles on the pool table might become a best seller. With tools, these can expand upon tools that're already available as long as they bring some added dimension of value to the potential buyer.

Take some serious time considering many types of apps you WISH you owned & considering how many apps you've already that you wish did a little something extra. Writing down your ideas, show them to trusted friends & family to get some idea of what might perform the best. If you want more feedback, take to Microtask sites like MTurk.com & setup a survey to help collect market research.

Development

If you've the skill set to develop an app on your own, then by all means do so, but be sure to enlist at least a few beta testers to try it out & give you feedback along the way. If, like most of us, you don't have the skills to produce an app on your own, you may have to outsource this part to a contractor. Using Upwork.com, Freelancer.com, or any number of other freelance marketplaces, seek out a mobile developer with a proven history of success that fits into your budget. Be sure to test this app extensively, & ask others to do so as well, & make sure your contractor is willing to work with you until the bitter end fixing small bugs & adjust details.

Ideally, your developer will also be able to walk you through the process of submitting your new app to the appropriate sales channels. In today's market, it makes sense to make sure your app is available for iPhone, iPad, Kindle, & Android.

3. Monetizing Your App

Before publishing your app, you've to consider how you intend to create revenue from it. This may be one of the trickiest parts of making a passive income with apps. On one hand, an app sold for $1.99 or 0.99 isn't that likely to create a huge amount of profit unless it sells hundreds & thousands of copies. Certain apps may sell for higher sums, but if there're plenty of free apps that appear to offer the same thing, however inferior they may be to yours, you may see yourself not getting a whole lot of sales.

This leaves two additional options. For games, in-app purchases become an obvious choice. These purchases are usually additional characters, upgrades, money to buy things in-game, etc. For both games & tools, the next obvious money maker is going to be advertisements.

4. Advertising in Apps

If you are going to put advertisements in your apps, then it's ideal to consider the most popular sources for these. Here are biggest two:

AdMob

AdMob is probably the most common provider of in-app advertisements. Part of Google Adsense, the leading advertisement company online, AdMob makes it easy to insert banner/interstitial ads throughout your app. The unfortunate truth is that it takes thousands of impressions to earn a small bit of money. If people click the ads, you'll make a little better money. This means that you've to create an app that's going to be opened quite a bit by each person that downloads it. If your app is only interesting or useful enough to be opened once & then basically ignored forever after that, the use of ads is probably not going to produce the type of revenue you're hoping to see. Considering that Google's Android is the number one mobile platform, it probably goes without saying why this's an obvious choice.

Apple iAd

Beside Google's Android, Apple's iOS is the second-most popular mobile operating system available. As such, iAd is going to be another obvious solution, especially for iPhone & iPad apps. However, because AdMob's history has proven to be stronger, using AdMob for the iOS may be beneficial for compiling all your ad revenue into one pay check rather than diversifying.

5. Publishing Your App

Now that you've an app created, tested, & setup for in-app purchases, ads, or believe it can sell itself at a higher price point, you're left with the reality that you need to have this app published on as many platforms as possible. As we've already discussed briefly, the obvious choices for app distribution are Apple, Android, & Kindle. Let's discuss a bit about each & how they're beneficial to you.

Apple iOS

You absolutely should take the time & effort to publish your app through the Apple App Store. Statistics have proven that Apple, despite being less popular than Android devices, generates the best income for app developers. Apple puts forth a strong focus on quality & not all apps are going to make the cut. If your app isn't up to snuff, it's possible to get it rejected.

Apple charges a $99 fee annually for access to the App Store as a seller/developer. The initial cost should be outweighed by your excellent app idea. In most instances, the best method of having an app put out on Apple is to have your developer handle the process. Keep in mind that submissions to Apple require access to a Mac OS computer (i.e. if you want to develop for Apple yourself, you need an Apple computer).

Because the programming languages between Apple & Android are vastly different, if an app's main processes are going to be complicated, it's ideal to first develop for Apple since the revenues tend to be higher. While some apps can be cross platform without a lot of work, many benefit from specific coding. A great developer or team of developers can of course produce separate versions for each app store.

Android (Google Play)

While not as lucrative as Apple, it's ideal to have your app available on Google Play. Google charges a $25 annual fee for access to the app store as a developer. Unlike Apple, Google isn't as strict about what makes the cut & what doesn't. It doesn't require access to specific hardware/software, either. Developers can easily use Windows or Mac OS to submit apps.

Because Google Play is less strict about what makes it into the App Store, it's important to consider that your app is going to be harder to find than it might be through Apple. However, both platforms will require that you promote & market your app. there're so many apps going into the market today that anything short of a smart marketing plan is likely to end in poor revenue.

Amazon Kindle Store

While Amazon's Kindle devices are technically running on Android's operating system, they don't support Google Play by default. This means that you may want to take the time to specifically work with Amazon to release an app suitable for their devices. Like Google Play, Amazon's App Store tends to be less rigid than Apple, meaning most working apps are going to make it onto their store. The Kindle app store is rapidly growing as they continue to pump out mid-quality tablets at low-quality prices, so it's imperative that you take advantage of this market. Like Apple, a developer fee is charged at $99 annually.

6. Build Another App

Once you've successful launched an app & began the marketing campaign, most people should begin developing another app. Much like all other passive income streams, a mix of quality & quantity has everything to do with your personal financial success. If you can create a suite of apps or a series of games that deserves & demands attention, the next app you release is sure to get a boost in the right direction as well.

Developing apps isn't for everyone. it's a bit riskier than some of the other passive income streams explained here, & the marketplace is completely flooded with apps that're far too similar to one another. However, it only takes one really brilliant app idea & excellent execution to make a viable passive income stream.
Become An Instagram Personality

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There are currently more than 450 million users on Instagram each month with more than 25 percent of those using the service on a daily basis. This means that there's finally enough interest in the space that advertisers are starting to wonder how they can best monetize it. If you are looking to take advantage of this booming market then it's best to start by clearing defining yourself in the crowded Instagram space by, you guessed it, choosing a niche that's popular, but not too popular.

Your goal in this scenario is to generate enough interest in your content that you can maximize your number of followers in as little time as possible. In this instance followers directly equate to advertising dollars which are why it's important to do whatever you can to spread your reach as rapidly as possible. To start, you'll want to ensure potential followers can find you by filling out your biography page in the appropriate way. you'll want to start with personal details that'll make you seem relatable to your niche, as well as information about the type of photos you post on a regular basis. From there you'll want to include relevant key phrases as well as hashtags so searching for your content is as easy as possible.

Once you've made it easy for people to follow your work, you'll want to ensure you are taking the best pictures possible based on the trends related to photographing your unique niche. you'll want to take plenty of pictures & post them every single day, typically multiple times each day to give people a reason to follow you instead of just checking in on your work occasionally. If you don't know what types of pictures you should be taking, the best course of action is to simply try & seek out other individuals who're working in the same niche.

Getting an idea of what's popular in the niche is a great way to start you off in the right direction without actively copying the ideas of what other people are doing. The Instagram community can be surprisingly close-knit & if you start copying photo ideas someone's sure to notice. While you are gaining inspiration, it'll also behoove you to leave feedback on the pages of the photographers you like & interact with the other followers who're there as well. This will help you grow in stature in the community as it'll show you are there to do more than just making money based on page views.

Once you've reached 10,000 followers you can start reaching out to advertisers who're known to advertise on Instagram in your niche. you'll need at least this many followers if you hope to set up an impression based ad-revenue stream that'll reliably generate the types of results you are looking for. If you choose to go an affiliate route, it's important to not go overboard on the promotion & instead link it naturally into your daily postings in a way that's unobtrusive.
Trading

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Make an investment portfolio. With shares, take the time to build up a stake in the index over a good number of years, i.e, this can take 20 years! Using something like Vanguard index funds you can set up a small monthly investment that automatically occurs. By doing this gradually, & slowly but surely building up your shares, it's a way of trying to prevent massive loss, there's not a lot of risk, & you won't waste too much of your investment on fees either.

When you've bought shares in a company, the company that has grown & matured will return some of its profits back to stock owners as 'dividends'. As a general rule of thumb, dividends are paid quarterly, so every three months throughout the year. this's a popular way of building a passive income. Most companies will pay out between 1% - 4% a year in dividends. A company needs to keep some of its profit, & not pay it all out in dividends in order to continue to reinvest, grow & develop the business.

One company you can invest through is called Motif (www.motifinvesting.com) & this appears to allow you to bundle stocks together, rather than having to buy them individually, you pay just one commission to get these.

You can invest in stocks, & exchange-traded funds too.

There are also REITS (Real Estate Investment Trusts) which are managed by professionals so that you don't personally have to get involved); MLPs (Master Limited Partnerships) Exchange Traded Funds (ETFs) & other income-oriented market investments; bonds & bond ladders. ETFs are very similar to mutual funds, but are less expensive, these include things like iShares International Select Dividend; iShares Emerging Markets Dividend & Vanguard High Dividend Yield. ETFs don't require you to do a whole lot of research yourself, because a fund manager, manages that all for you.

If you decide to invest money in an index fund that's on the S&P 500 Index, then you don't have to worry about selecting the right investment, dealing with a complicated portfolio or worrying about when's a good time to sell your stock, because the fund sorts this all out for you. this's a good way to choose if you'd like some stocks but don't have the time, or inclination to put a whole lot of research into which's the best for you to pick. Scottrade is one company that does this, it's inexpensive to set up an account & have good reviews.

If you're at the point in your life, where you're considering creating money for when you retire, which it's never too soon to be thinking about, a Roth IRA can be a good method, because it'll prevent you being taxed on any money you make through this in the future, & when you reach the age of 59.5 you're able to withdraw your savings tax-free.

How do you pick which stocks to invest in?

There are more than 800 public companies on the New York Stock Exchange, so you may be wondering how you'll pick which ones to invest in, that're reliable sound choices? it's possible to use a stock-screener tool, & Yahoo Finance (www.finance.yahoo.com) is as good a one as any to start with. After a brief search, you can check what the dividend payments have been for the past five years by looking at the 'Historical Prices' section under 'Quotes' on the left-hand side of the screen. A useful tip is to pick a company that has given dividends of 3% or more for the past five years. If a company has dividends of higher than 10% dividend yield, this just isn't sustainable. A company that pays between 30-70% of their income as dividends is a sensible one too; you'll know that if they do this; they're still keeping income back in order to continue to reinvest & grow their business. You can check this by looking at 'Key Statistics', then 'Dividends & Splits'. You may want to narrow your search for potential companies to invest in further, & another criteria to apply could be to ensure that a company has at least $5 billion in shares, so that you know the company is well established & in a good financial position. It's not that a really big company won't ever go bust, but that type of company has less of a chance of becoming insolvent, to a smaller company.

Another key tip is that it's really sensible to pick stocks from different industries & not all the same one. Because if there's a downturn in a specific industry for whatever economic/social reasons, you don't want all your eggs to be in one basket, so to speak. there're different key sectors that it would be possible to invest in:

1. Technology

2. Energy

3. Healthcare

4. Industrial

5. Financial

6. Consumer staples

7. Utilities

8. Materials

9. Consumer goods

Motif investing was mentioned earlier, but this's a good way of buying a group of stocks from all different sectors easily without a lot of risk for you. It's sensible to pick some stocks & hold on to them between five to twenty years & to try to avoid panic selling based upon latest tips, just be patient.

Ideally you should aim to build up at least 20 different stocks; & ensure that none of your stocks are more than 5% of your whole portfolio. By doing this, you're protecting yourself should a stock completely crash; the rest of your investments are sound. Consider investing in companies abroad, as well as in your own country. It's sensible to create other investments & not just stocks, just in case there's a market crash. So, other investment could include real estate for example.

Another useful tip is to distinguish between 'qualified' & 'non-qualified' dividends because when you come to pay tax, if a dividend is non-qualified you'll be taxed at a much higher rate which could mean you'd only get 50% of its worth after paying tax. In order for a dividend to become a 'qualified' one, you need to ensure that you've had it for at least 2 months. For many people this will be fine, but it's something to keep in mind, if you're intending to chop & change around buying & selling stocks.
Drop Shipping & Online Shops

Dropshipping Titans can really help you to earn over 15k every month passively.

I know of a way to earn over 15000$ a month from doing ebay Arbitrage.

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Starting an online store is an expensive exercise, which puts many would-be entrepreneurs off. However, it can be enticing & appealing if all your up-front inventory costs can be catered for. this's where drop shipping comes in. it's a type of retail method where you don't need to keep your products in stock. You do this by forming a partnership with a wholesale supplier who stocks his inventory such as amazon.

All you need to do is to transfer orders & shipment details of customers to them. After getting all the details, they ship the orders to the customer. Most customers will not know that you are drop shipping since you are allowed to ship to from the supplier with an invoice & return address that's linked to your e-commerce store. it's cheaper to get involved in drop shipping. there're various reasons why most business owners prefer drop shipping. Here are some of the reasons:

1. It isn't an expensive exercise & is relatively easy to start. this's because you don't need huge amounts of money to invest in inventory. Despite this, you can still offer a wide variety of items to your customers.

2. It is convenient & efficient because it doesn't demand too much of your time & frees you to pursue other activities.

3. It affords you mobility because all your physical fulfillment tasks are handled by the suppliers, & this makes it easier for you to operate your business anywhere around the globe so long as you've an internet connection.

4. The drop shipping model is solid & trustworthy because it's used by reputable stores & retailers like Shopify & Sears to offer a wide range of products to their customers.

A great example of this's Amazon FBA. FBA means Fulfillment by Amazon. In this instance, Amazon handles all the storage & shipping to clients. All you've to do on your end is open an Amazon account, add your items & send your inventory to the Amazon warehouse. The best bit is you can tie up your FBA with Alibaba. Once you identify the items you wish to buy wholesale from Alibaba, you can hire a shipping company to transfer your items from China to the Amazon warehouse. This makes this business one of the most hands-off ways of making money taking that all you've to do is find reliable freight companies! Take time to find out which items are on demand but not available on Amazon & invest in getting them on the market!
Peer To Peer Lending

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There has been a lot of buzz recently about this kind of investment stream. this's largely due to the consistently positive returns most operators have been seeing. Peer to peer lending, P2P lending, platform lending, or social lending, as it's sometimes called, is now a veritable source of earning passive income from a financial investment.

Reports have had it that while deposit certificates are returning annualized yields of 1.33% to 1.7% on money market & savings accounts still going at 0.54%, it's bound to create a buzz when you hear P2P lending returning annualized yields of between 5% & 15%, depending on the risk profile of the target investment.

What is P2P lending & how is it able to generate so much revenue? this's the same question on the lips of some of the smartest investors looking to take advantage of the business tide. I've gone on to try it myself and I'll detail a step-by-step guide on how to invest in P2P lending platforms, what you need to look out for, as well as the risk factors & how to mitigate them.

This investment is very profitable. Aside from the monetary benefits you derive as an investor, it's safe to assume that you are also encouraged by the desire to do some good. Peer-to-peer lending uses the principle of crowdsourcing. The platform pools together lenders looking for individuals or businesses to finance at a rate that's way above the market rate, and there're no hassles of paperwork.

Peer to peer lending is a social gathering of individuals who pull resources together to finance loans for individuals or small businesses outside the traditional financial system. let's assume that a registered member (John) of XYZ social lending platform needs $2,000 to start-up his small business. He can request for such a business from the platform. The moderators assess his eligibility & rate his credit worthiness after which, if found good enough for the business, his application gets a nod for bidding by potential investors. Investors decide on how much they want to invest at all times. Of the $2,000 request, he could've as much as 20 people pool the resources for him or even one person offer the loan to him. All of these're managed by the moderators of the platform.

The money pooled by the individuals represents a percentage investment in the facility. For instance, John gets the loan at 25%, the lending platform aggregates the sum & pays out an amount monthly to the investors according to their invested amounts.

These platforms like Lending Club (one of the biggest social lending platforms on the Internet) handle all transactions & communications between you, the investor & the one seeking the loan. You may not handle the process, but you've a choice of deciding your risk exposure.

Getting Started

To start investing in P2P, it's important to have an objective. there's a need here to apply a specific strategy which's born out of your objectives. Why do you want to invest in P2P? Does the investment profile fit your personality? How much are you looking to invest? & how do you want to allocate your investment?

Because the choice of what to invest in lies solely in your palms, you've to develop & apply a strategy. You could try to give loans out only to small businesses because of the security associated with such loans, or your focus could be on people in certain kinds of employment. Whatever your strategy, research & stick with it. You may have to fine tune it as you go along, but it's important that you stick with it. don't sway.

Social Lending Platforms

These are the platform on which lending & borrowing take place. This platform mirrors your social network & it brings together people of like minds looking to invest. Investment in these platforms takes the form of committing to providing a loan to any of the many eligible applicants on the platform. there're a few leading platforms on the Internet. let's look at their facts & figures to see if it's convincing enough to encourage you to consider this investment asset.

Lending Club: this's currently the biggest & the most popular social lending platform. They started back in 2007 & since then, they've been providing investors & borrowers alike a stable business model for all to thrive.

There are two loan categories: individuals & businesses. Individuals are offered facilities between $1,000 \- $35,000, & businesses between $15,000 & $300,000. They properly vet borrowers & classify them into grades according to their credit score. The grading is also the determinate to how much money they can request.

For investors, a minimum investment of $1,000 is required to be listed on Lending Club. Interest rates range from the type of loans you opt to invest in & the amount you put up.

Prosper Loans: They started out in 2006. Unlike Lending Club, they only provide loans to individuals. Their loan amount ranges from $2,000 - $35,000.

The minimum investment with Prosper is $25. With just $25, you can start offering loans to borrowers. Prosper is a good start for those trying out P2P for the first time without having to risk large initial capital. You can create & test strategies & once you get a hang of them, you can then raise your investment or move to a larger platform.

Upstart: they've just recently launched. They came on stream in 2014 & in that time have been able to raise over $300 million in loans. Their target audience includes young professionals, recent graduates & startups. The loan term is fixed for 4 – 5 years & interest rates are between 4% & 26%. The minimum investment with Upstart is $100.

Upstart is the game changer here. Where other platforms charge an origination fee to the lender's account, Upstart does so to the borrower. They also bear the risk of any default should it occur (mind you, they've the best repayment rates 94%). You get your money back paid in full by Upstart. With this platform you don't get to pick your borrower, you instead invest in a grade.

Benefits of Social Lending

This is an inexpensive way to set up a loan shark. Ideally, if you were to invest in a loan shark business, you'd have to take into consideration a lot of factors, from permits to office, stationery, advertising, investing in debt collection, etc. And you'd deal solely with defaults which in some cases could destroy your business. With social lending, you also have that capacity. You don't have to allocate a large sum of your investment, as a small sum can give you an aggregated advantage as if you had invested a large amount. Your investment is fairly safe since the moderators tend to conduct proper background & credit rating checks to further guarantee the security of your investment.

They provide quick & easy facilities for borrowers usually over the Internet, & without the hassles of paperwork.

For the investor, with startups like Upstart, this's a safe & inexpensive way to earn regular income for your investment.

Risk

The high yield is a tradeoff for risk. this's not to say that the process or investment is a cesspit where money can just vanish but your exposure is way higher here than with traditional investment assets. The first risk to consider is default.

Default: P2P loan platforms are largely non-collateralized loan facilities, they're similar in that way to credit card advances. With a non-collateralized facility comes the high risk of default. In this case here, the consequence the borrower incurs is a negative on his credit score & the attendant charges on his loan. there's no car or house to repossess.

Be mindful & make sure that the promised return is worth the inherent risk. However, reports published by Lending Club showed defaults were very minimal & also statistical financial reports have shown lower rates of defaults on unsecured loans than their secure counterparts.

Lack of Government Backing: The Federal Deposit Insurance Corporation ensures & guarantees investors funds in deposit certificates & treasury bills but that's not the case with P2P lending. The investment isn't insured & you stand the risk of losing both capital & & any gains.

Liquidity Risk: Unlike stocks & bonds, you can't just opt out of the blue & liquidate your investment in P2P. Because of the nature of the investment, you may have to wait out the tenure.

Mitigating the Risk

There are several ways you can minimize your risk exposure & still benefit from the high yield profile of P2P. there're a few strategies I'll show you that'll help you decide on the best course of action to take.

Diversification: it's advised that rather than place a lump sum investment in a single loan, it'll be smart to place smaller sums on multiple loans so in case one should default, you don't lose all your money & interest.

Strategy: Develop a strategy & hedge against default. One such way to do this's to spread your investments across different platforms. Leverage the individuality of the Lending Club & hedge with Upstart. It may sound a little complex but in simple terms, the Lending Club allows you to pick your investments, which in turn gives you a greater perspective on how your money should be used. You can maximize your returns here. Upstart can be used to hedge against loss on the Lending Club since Upstart takes full responsibility of defaults.

This business would require further study, & I advise that you start out with Prosper to learn the ropes. After that you can move on to the others. this's one fine way of making money. Take advantage of this opportunity.
Online Ecommerce Store

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There has never been a better time to start an online ecommerce business than now. The ever-growing reliance on online stores for purchases has made this amazing business one to explore. With the growing number of buyers turning to online stores, the future of ecommerce looks very good.

Ecommerce businesses come in various sizes & scopes. From the giants like Amazon & Shopify to the small businesses looking to carve a niche & reach online, the opportunities are endless. Online buyers have been increasing. As of 2016, it's estimated that there're over 1.5 billion online buyers & the number will continue to rise as more people embrace the digital space.

Ecommerce platforms come in two distinct types. The first is an offshoot of an already existing business. Here, you create an online platform where customers can purchase your product. These products could range from physical products like health & skin care products to digital products such as ebooks, recipes & video tutorials.

The second module is where you've a platform that's developed for small businesses who would want to sell online. Small businesses can create & operate their own stalls on your platform while you advertise & market on their behalf. This module would require significant capital as it's akin to what the likes of Amazon are currently doing. The primary motivation of setting up & launching a platform where designers, entrepreneurs, & other creative artists can sell their merchandises is more attainable now than ever before.

"With Ecommerce, you've to build credibility & trust because you aren't visible to your audience/customers, it's expected that they'd be skeptical," says Roxanne King, the owner of Holistic Mama, which's a natural skin care & beauty products manufacturer with a long running & successful Ecommerce site.

Before we start out on building trust, let's take a look at what's required to set up, launch & maintain an Ecommerce platform.

Setting Up

1. One of the keys to a successful startup of any business is to create a marketing buzz; this's no different for an Ecommerce business. The idea here is to make good use of your social network. You could create a buzz about your entry into the market & have your contacts share it. You could create a hashtag on twitter & aim at making it trend, whatever you do, just make sure you are noticed.

2. Decide on the kind of Ecommerce platform you want to operate. Are you going to be creating a product & selling it on the platform as another marketing & product promotion channel or will you be providing a platform for small businesses to advertise & pursue sales? it's important that you define your platform & business model first.

3. Pick a name. there's so much in a name. Find a name that resonates with the ideas of your business, it must be catchy, 3 syllables at most & easy to pronounce. it's around this you'll build your brand identity. Whatever name you pick, make sure that its domain is available.

4. Finally, decide on the right service to design your Ecommerce business. there're several services available, let's take a look at the offerings of the big 4: Woo Commerce, Shopify, Magento & SquareSpace. All of them with the exception of SquareSpace are available as WordPress plugins to add to your existing website. With SquareSpace, you can create a new website from scratch.

Woo Commerce

Woo Commerce is free to download. This plugin has free themes for use but you can purchase premium themes & extensions starting at $39 & $249 respectively. Some technical knowledge is required.

Magento

This is an open-source framework. This platform requires a good working knowledge of how to code web platforms. You can get the Community Edition for free or the much more complex Enterprise solution at $18,000 a year.

SquareSpace Commerce

This is an all-in-one-solution that comes with two levels—Basic at $30/month & the Advanced level at $80/month. there's no technological knowledge required for this service as it's a one-click service.

Shopify

It is quite easy to use & integrate and there're four plans on offer with this service. The first is the Lite Plan ($9/month) & the second option is the Unlimited ($179/month) Plan. It would be a good idea to start with the Lite Plan & you can always upgrade toe the Unlimited Plan later as your business grows.

Launch

After you've made a choice of the type of platform you hope to develop & the service you intend to use, you should get it up & running. The point here is to get experience as fast as you can. Lots of people don't launch as soon as they can because they're perfectionists. A lot of the learning & improving things will be done on the fly, as that's part of the ecommerce business.

You can hire influencers to get the word out, either on radio, social media & even on TV. there're some freelancers on Fiverr.com that'll promote your business on radio for a small fee. I'd recommend that you search for these types of services as they can really help you get off the ground.

Maintain

Irrespective of the service, plan or platform builder you choose, you've to put in work to maintain your platform & have it running smoothly. Associated fees such as transaction fees & merchant fees now form the bulk of your overhead. it'll do you well to invest in content management & marketing apps to provide better functionality. These apps sell pop ups, which help to further drive sales.

Further investment in email marketing & search engine optimization (SEO) is also advised. You should integrate customer service & tools to manage customer relationship as part of your store-building exercise. it's advised that you've active phone & email support in order to both help existing customers & convert new visitors into loyal customers.

Make Successful

The most important step in making your store successful will be to have a unique brand. there're lots of branding specialist out there that you can hire if you don't want to do this on your own. The look & reputation of your brand will grow slowly, but it's your job to ensure that there's very limited or no negativity regarding your brand among the public.

If your intention is to create the first type of ecommerce store mentioned above, take the initiative to also rely on larger platforms for growth. Sell through a larger outlet like Amazon; it gives your products the needed visibility & also tests your popularity on a larger scale. You are most likely to get repeat customers from these platforms because they've built trust with their customers. Maintaining your own vision is paramount to building a successful Ecommerce platform but don't neglect other platforms with brand names that can help the growth of your store. There may be a need to collaborate, so don't turn down that opportunity.

Postscript

There are a lot of benefits in setting up a business such as this one. The opportunity for growth & profitability depends on your mindset & what kind of strategies you employ. I can't exactly tell you how much money you can make but look around you, there're lots of success stories from Amazon to Etsy to Holistic Mama, each of them are successes in their own right. They all had to put in work & understand the business environment they chose to operate in.

The investment for an online business is much lower than a traditional one. there're no heavy overhead charges, shipping can be taken care of by a third party drop shipping agency & you are even open 24/7. it's so much easier & less costly to expand operations if the need arises. But like all businesses, customer retention is the key to success. Invest in programs & content that would help retain your customers. Build a mobile-friendly website or design a mobile app. This will be a definite bonus because more people are accessing platforms through mobile apps & this number is expected to continue to rise. Treat your ecommerce business like you'd treat any other offline business, obtain permits where necessary & always pay your taxes. The last thing you want is trouble from the taxman.

This is a great resource for Shopify.

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Dividend-Paying Stocks

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Stocks are a fantastic way to build a fortune for yourself. With the right investment strategies & financial capital, stocks have the potential to turn the average Joe into a millionaire over time, & at a faster rate than other passive incomes. A lot of us assume that the stock market is off limits for us because we either lack what we believe to be the required education, access, or prestige. Most of us don't realize that the stock market isn't only available to everyone, but it's also easily accessible for everyone.

When attempting to dip your fingers into the stock market industry, it would be wise to conduct a fair amount of research on what the stock market is, what you are looking to gain (are you going for high risk or low risk?), & whether or not you've the funds to spare at the time. Some people put money aside for a while to build up enough cushion to invest in the stock market without losing the money they need for survival. The stock market won't make you a millionaire overnight, so investing money that you need to pay bills wouldn't be wise.

The stock market, though easily accessible, is a monster. Spreading across the globe, this market essentially connects the world of business at several central hubs throughout the world. there're several types of trading strategies people take on; establishing which one you'd like to pursue is critical. Some people choose to dabble in the stock market once a month or so, checking their investments progression & selling current stocks or buying additional stocks. Some people choose to day-trade; these're the types of traders who work on Wall Street. A high volume of money is required to move stocks daily; it's also very risky.

One of the safest ways to use the stock market is to invest in a variety of different stocks in companies that you believe to be up & coming. there're established companies that're also safe to invest in but, for the most reward, it's best to invest in companies who haven't already taken off; then, when they do, you get the highest return on your stocks.

HOW TO GET STARTED

In order to begin investing, you need to decide if you want to research potential companies yourself or if you want the help of a financial advisor. Financial advisors will give you advice on what companies to invest in, along with advice on where to invest future earnings. If you choose to research companies yourself, check out some of the big-name financial websites like Fidelity or Scottrade. These sites will help you set up a profile with your initial investment & let you build lists of potential companies you'd like to invest in.

You can create "watch lists" that'll watch different stocks & keep track of the changes, alerting you if any of them shift in your favor. These sites will also help keep you organized & offer financial advice on which moves to take next, based on your trading style. Once you create a watch list, you can do more in-depth research on the companies you are watching, to see if they've been steadily progressing or slowly declining. Researching each business will give you a good indicator of the future prospects of the business & if it's going to give you a return on your money.

Keep in mind that using the stock market isn't going to make you a millionaire instantly. Instead, it's going to build your income over time, giving you a decent-sized financial cushion that you can use to reinvest or withdraw by selling your stocks & collecting your earnings.

HOW DOES THE STOCK MARKET MAKE MONEY?

This was probably your first question. The stock market doesn't make passive money in the sense that the money is readily available as your stock's value increases. Instead, the stock market constantly changes, alerting you when there's a change in your stocks, giving you a heads-up in case you want to sell.

Essentially, you purchase stock in a company (think of it as a share) that you think is going to continue to grow. we're going to pretend the price is set at $7 a stock. You purchase 100 stocks at $7, making your total investment $700. Now, you go on about your life throughout the years, checking up on the company regularly & making sure the company is still functioning, & the stock prices aren't dropping. Occasionally, businesses have a few bad months, sometimes bad years; this means you've to decide if you want to stick with the company through the bad years or bail out & reinvest in a different company.

Let's say the $7 stocks drop down to $5, meaning your total investment as of now has lost money. The $700 you invested is now only $500. Unfortunately, this's the risk you've to take. However, another year passes, you decide to not sell your shares & stay with the company, a new CEO is brought in & completely redirects the company. The shares of the company begin to increase because of new products being released. You check your stocks & see that your stocks are now worth $10 apiece. Your initial investment of $700 is now $1000, meaning you've made a profit of $300. You stick with the company for the next five years, & the company's stocks have increased in price & are now worth $25 a share. you've now made a profit of $1,800. You can choose to sell your stocks & take the total amount earned: $2,500 - $700 initial investment = $1,800 profit.

In some cases, company's stocks can start out this low & skyrocket over years to being worth several hundred a share. Just imagine if you invested 300 stocks at $10 a share. After eight years pass, the company's stocks are now worth $435 a share. Your initial $3,000 investment has now reached $130,500, giving you a total profit of $127,500. Reinvesting a quarter of that money back into the stock market could make you even more money in the long run.

ADVANCES IN STRATEGIES

When playing the stock market, you need to pay careful attention to the companies you are investing in by watching them & setting up alerts so that you are notified if the stock drops below the purchase price. You need to maintain a high level of self-discipline, because a lot of people tend to panic & sell their stocks when they get closer to dropping below the purchase price. Selling may seem like the best idea, but it's actually going to cause the price of the stock to drop even more if everyone starts selling. Businesses have good & bad days, weeks, months, even years. One bad day shouldn't determine whether or not you sell your stocks. In fact, sticking with the company through the bad times may pay off big in the end when the stocks skyrocket again.

Keeping a good head on your shoulders & not panicking is the key to making good, logical decisions instead of decisions based on fear of the unknown.

The stock market is a great way to have your income build over time, giving you a great financial cushion for your future, in the case of emergency, or in case you need to make a large purchase of some sort. The amount of money that can build up throughout your lifetime is incredible and it's all based on the amount you invest initially & over time. Using a good model & taking a percentage of your earnings & reinvesting it back into the market in various other businesses can help to build your income substantially over time. People who don't reinvest a percentage of what they make risk losing it all if they've invested in just one company or they risk losing out on thousands of potential dollars.
Virtual Assistant

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One of the easiest ways to work from home is to be a virtual assistant. it's called being a VA in short form & is a popular occupation for many across the world. A virtual assistant is a skilled, home-based professional who offers administrative support to companies, businesses & entrepreneurs through the Internet.

Virtual assistants perform a wide range of tasks depending on the training, experience & skillset they've acquired over time. Becoming a virtual assistant is a good option for those who wish to work from home. This work allows for a measure of freedom whilst providing you with a stable income. there's also the advantage of "no loss". You cannot really lose money as you aren't investing money into a traditional-type business.

The scope of a virtual assistant goes beyond sitting behind a desk & completing a task on the computer. You could act as a mail reader, schedule organizer, errand runner, representative of business or client & the list goes on. You don't need a lot of specialist knowledge as most of the tasks will only require general knowledge. However, you should ensure that you can complete a task before accepting to do it. It helps maintain integrity & eliminates the risk of disgruntled clients. If you think you'll need training, don't hesitate to ask your clients. Most clients will provide you with a document or a video training material for the tasks they want you to complete.

Getting Started

Employee or entrepreneur

Whatever choice you make, there're rules to follow to become successful. When you work as an employee, you don't have to invest any money or find your own clients. You just register with an agency and they'll send tasks to you to complete. Like every other job, your work hours & how much you perform is limited to what your agency offers you in a given time.

On the other hand, if you decide to set up your own business, everything will be on your terms. This means the choice of clients, your schedule & your rates will all be under your own control. you'd also need to promote yourself & find clients.

The things needed to set up a virtual assistant business include a phone, computer & the Internet. If you fancy networking, are an entrepreneur at heart, like being in charge & having full control, I recommend that you become an independent virtual assistant. On the other hand, if you like being able to pinch in & out, having someone else find clients & just tell you where & when to show up, then applying to an agency would be better. Agencies can be found through a google search in your country & they usually are regularly seeking virtual assistants to join their ranks & serve customers.

Finding a Market

If you've chosen the entrepreneurial route, then you need to find clients. One way to do so is to setup a website advertising your skill sets & what you can do. this's very important, asides from looking out for a client; you can make it a hotbed for information. Research & write on topic that's interesting & would attract visitors. The benefits are two folds.

1. Your website becomes a place to show your skills & competence. Clients get a first-hand feel of what your service is like before committing to giving you a job. you'll need reviews & testimonials on your website so you can convince others easily.

2. You can take advantage of other ways to earn money online. You can use your website to promote affiliate products & register it for Google AdSense or any of the numerous pay per click Ad networks.

Freelance Platforms

There are a lot of online platforms that link virtual assistants with clients. The two popular platforms are Upwork.com & Fiverr.com. On a freelance platform, you are expected to create a profile & sell your skills to prospective clients. The market is very competitive here as there're a lot of people offering similar services at different prices that may not be to your liking. In order to get your own rate for the work you do & still have lots of clients, you must be willing to stand out.

One of the ways you can stand out is to offer value added services or unique services that're rarely being offered. This attracts clients to you as they're promised more value for their money. Other clients that have a specific requirement will post a job on these platforms. You can check daily what people are posting to get an idea of what kind of services are in demand. You can then post your own jobs based on the data you collect on a daily or weekly basis.

Training

A virtual assistant is expected to be organized. You should possess good time management skills. You should also have great communication skills & be able to get work done properly as fast as possible.

Tips to Becoming a Successful Virtual Assistant

Time is of great importance to clients. Always stick to the deadlines. Develop excellent people skills and don't be afraid to get out of your comfort zone to help others. Always look out for ways to sell your services. Your ability to communicate in fluent English or any other language is an added advantage. Instant availability on platforms such as Skype will also set you apart from the crowd.

Invest in learning, look out for free & paid sources that'll grow your skillset. don't be afraid to ask questions from clients, especially if you think something may go wrong in the job you've taken. it's important to reply to any messages promptly as clients expect a response immediately. If you are busy, you can respond by saying "I have seen your message & will reply shortly. Your patience is appreciated."

Expected Income

As a virtual assistant, there're no exact figures stating how much you can earn but it's important to know that your earnings depend on the task, your client's view of the task & your portfolio. Virtual assistants with a lot of positive reviews tend to command higher fees. Assistants with some sort of specialist knowledge or skill also earn higher amounts. The average amount you wish to charge is ultimately up to you. Most virtual assistants charge $10 to $15 per hour of work.

As you set out, you should concentrate on building a profile first, invest in yourself & seek ways to set yourself apart from everyone else.
Affiliate Marketing

Before we go ahead; this is a helpful resource.

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You see it everywhere, & it works. Affiliate marketing is one of the more stress-free ways to earn passive income on a website. The concept is simple:

• YOU PROVIDE AN AD PLATFORM: YOU'VE a forum for potential advertisement, & someone else has a product to promote.

• EARN FOR EVERY SALE: By simply plugging a link or advertisement into your website for a product that you support, you can collect a portion of the money from the sale of that product when it happens through the link you've provided.

• RESOURCES: Clickbank, ShareASale, & Commission Junction are a few of the places you can go to find products to promote.

Let's suppose that you don't have a website yet, but you'd like to start one. there're a few different styles to consider while you're thinking about becoming an affiliate.

Start with a Blog:

A blog is a great way to start. The content of your blog should be something that you're passionate about. Whether it's kayaking, quilting, or chess, there's something that you know & care about. & for every person who's passionate about something, there're thousands of others who're like-minded.

• The content of the blog should be original, accessible, & updated very frequently in order to maintain a captive audience. Your marketing capabilities will be directly related to your ability to engage your audience.

• Once you've established a content theme for the blog, it'll start to become clear that certain products or companies will be more suited to the audience of your blog.

• Companies such as Aire or Hyside might be interested in compensating you for marketing if you are blogging frequently about water sports & maintaining a good deal of traffic on your website.

Consider doing Reviews:

Another site model to consider is a review. Your review could even be in the style of a blog, but it's more focused on product assessment. A review suggests a certain amount of authority, and this's attractive to companies who're looking for solid marketing forums.

Other Considerations for Affiliate Marketing:

• COUPON SITES: Coupon sites generate very high traffic. As long as you are able to keep up with the constant updates & fast response times, this's a great way to market for affiliates. It's all about product sales, & exposure, & that's what a coupon website is focused on.

• PICKING YOUR DOMAIN & HOST: Once you've decided on your style & content, you simply need to choose a domain & a host for your website, & you're off & running. Purchasing a domain name is simple & inexpensive. Alternatively, you can start a blog for free with sites like blogspot & wordpress.

Now this's a good resource to earn over 3000$ every day through affiliate marketing.

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Commodities Trading

Commodities trading, like its financial counterpart, is a fairly easy venture to embark upon. Before now, most investors didn't consider commodity trading as a viable venture due to the significant amount of time, money & expertise that was required in this field. Today however, there're a number of ways to invest in the commodities market & some of these methods have made it easy for ordinary people & non-professional traders alike to participate in commodity trading.

Commodity trading involves the trade in commodities such as oil, precious metals, agricultural produce or natural resources. In the not too distant past, in order to trade commodities you were required to apply with a broker & wait for him or her to call back. Sometimes the wait could go on forever. Today, there're a number of online options available to trade commodity options.

Getting Started

The trade in commodities requires a bit of knowledge on how the market operates. I'll ask that you pay close attention here. there's more than one way to trade commodities online & each method has its own individual risk/reward factor.
How To Invest In Commodities

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Futures Contract: this's one of the most popular ways to invest in the commodities market. In this method, there's an agreement to buy or sell a specific quantity of a commodity at a specific price in the future. Futures are available in every category of commodities. The two types of investors who're major participants in this type of trade are the commercial or institutional users of the commodities & the speculators.

Commercial/Institutional Users: This category invests to diversify their portfolio & sometimes for budgetary & planning purposes as well.

Speculators: this's where you fall into. These investors have their sole aim on profits. they're looking to benefit from the fluctuation in the price of the commodity they've invested in. For instance, you make a $50,000 investment in a futures contract for oil because you believe that the price of oil will increase significantly in the near future.

You are required to open an account with any of the reputable brokerage service firms available on the Internet to trade in commodity futures. Depending on your commodity of choice, there's a specific minimum deposit. The futures market trade is similar to the Forex market. You buy into a position & depending on the fluctuation in the price of that commodity; you either make a profit or suffer a loss.

Advantages: there're some advantages with trading futures. One of the major advantages is that you aren't actually buying the product, but underplaying the market instead to gain a profit. there's the leverage that allows for big profits if you are on the right side of the trade, & this also allows you to use small amounts to trade in full-size contracts.

Disadvantages: The futures market can be very volatile & investment in these markets is very risky. Leverage magnifies both gains & losses. A trade can go against you quickly, & you could lose your deposit & more in just a short span of time.

Options: Options on futures contracts is a little like placing a deposit rather than an outright purchase. you've the right, but not the obligation, to follow through on the transaction. So, if the price of the contract doesn't move in the direction you anticipate, you've limited your loss to the cost of the option.

Stocks: You invest in the shares of companies trading in the commodities market.

ETF (Exchange Traded Funds): This allows you to trade in the futures market without making any form of direct investment. The scope of this area is a little larger than this guide.

Tips to Becoming a Successful Commodities Trader

Education

This is very important! Just because commodities is easy doesn't imply that you should neglect acquiring the proper education on how the market operates & how to succeed when trading commodities. Learning about commodities is integral to a trader's success, although the majority of your learning will come from live trading & experience. it's important that you learn everything possible about the Commodities markets, including the geopolitical & economic factors that affect prices. it's also important that you are flexible & ready to adapt to changes in market conditions. Your strategies should reflect your thoughts on the market. I suggest that you test them out first on demo accounts where there's no risk of losing money.

You would be required to regularly update your knowledge & strategies. Constant learning is one of the hallmarks of being a successful trader.

Find a Reputable Broker

There are scams everywhere in this market. Commodities trading is a very profitable venture & it attracts all manner of characters, legit & dubious alike. there're regulatory bodies that perform oversight functions in the industry, and it's advisable that you only do business with brokers that're regulated & licensed by the National Futures Association (NFA) & the U.S. Commodity Futures Trading Commission (CFTC). Countries outside of the US have their own regulatory bodies with which legitimate commodities brokers should register.

There are many brokers on the Internet making mouth-watering offers to aspiring commodities traders. Please research carefully, do your due diligence & take heed of the advice given above. there're a couple of things to look out for when deciding on the right broker for you; look out for their policy on minimum deposits, deposit methods, leverage, spread, withdrawal, minimum withdrawals & withdrawal duration. Compare your findings amongst the competitors to find the legitimate one with the best offer.

A vibrant customer service is a key indicator of a good broker. If they can be reached on multiple channels & respond promptly to inquiries, then it's usually safe to trade with them.

Demo Accounts

One of the key offerings of most major commodities trading platforms is the demo account. In this account, you are given the opportunity to practice trading commodities. it's also on this platform that you can build, test & perfect your strategies. there's no risk on this platform, all trades mirror live trades without the attendant risks.

Experiment on this platform. Practice, then practice some more. don't move to a real money account until you've mastered the craft. Be patient. Learn all you can & practice on the demo. When you feel you are ready, you can move to the live trades.

Build a Strategy

Learn from successful traders or even from your own practice time. Observe the strategies that have performed well for you & apply those strategies to your live trades. Choose the right indicator & color scheme that suits you. This allows you to monitor the various positions on the market.

Proper money management techniques are required for successful trading. Knowing when to exit a trade is way more important than knowing when to enter. You can make money entering the market at any position. The key is to know when to exit.

Building a successful trading strategy should incorporate good trading knowledge & great money management techniques. Leverage is very high in this market & as such, the possibility for quick profits is high but so is the risk of great loss.

Start Small

Physiological factors like emotions aren't fully taken into account in demo trades. Because you are now trading with real money, the physiological impulses come into full effect. A champ on a demo may fail woefully on an introduction to live trades. you've to protect against this by starting out small. Place trades with a small amount,and test your strategies. Find the strategy that works for you, apply proper money management techniques, & as your trade stabilizes, increase gradually.

Your understanding of leverage is important. Leverage works through ratios, so take for example, a broker offers you a leverage of 100:1. What this means is that if your initial investment is $100, you've the opportunity to place trade positions of up to $10,000. Take heed though, this exposes you to greater risk, so I advise that you use it wisely.

Record Keeping

Keeping records helps you to learn from past trades. Your records should contain dates, instruments, profits, loss & your performance & overall emotional disposition during the trades. This gives insight into your trading patterns & allows you know what to avoid & how to improve. Without a journal, you are likely to make the same mistakes again.

Aside from the benefits of insight, a good record allows you keep track of trades for tax purposes. Discuss with a tax specialist on what's required of you & fulfill them to avoid legal trouble.

Commodities Trading is a Business

Like all businesses geared for profit, you should focus on a strategy that's functional & sustainable. Individual successes don't translate to overall success however. you've to sustain success before concluding that the business is successful. Have a risk absorption plan in place.

And don't get emotional when trading. Set realistic goals and you'll go far.
Stock Photos

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A person who's looking for possible options to earn passive income can try to sell his creative photos online. If he's into photography, he can still have a regular job & take pictures during weekends. If he has around 2,000 uploaded photos & charges $1 per picture, he can earn a lot of money if he takes good pictures. Although not all of his photos can be sold, he can make $600 monthly if 30% of his photos are sold. The trick is for the person to know what type of pictures his target market wants.

A lot of people don't realize that selling stock pictures can be very lucrative. Even if it's only a hobby, taking beautiful pictures can generate passive income online. A person can start taking simple photos & uploading them to a stock photo site. Saleable pictures include landscape & nature sceneries, which are often used on websites, in magazines, & brochures.

Tips To Earn Money From The Sale Of Stock Photos

Even new & inexperienced photographers can earn money from stock photos. However, they must learn to take interesting & creative pictures. Simple photos are most saleable. it's best for a new photographer to improve his skills by doing research to learn techniques & tips.

A high quality camera is needed for creative photography. In addition, some equipment is also needed to take quality pictures. Anyone who wants to earn from stock photos must invest money in equipment. He must make it a point to take quality & interesting pictures daily. It's ok if the pictures aren't perfect at first. The strategy is never to give up. The photographer must explore the settings of his camera until he learns its ins-and-outs. The photos can be uploaded online at stock photo sites. Ad agencies & publishing firms usually buy stock photos.

In deciding which photo site to join, it's best to compare different sites first. As most of these sites charge photographers a fee for uploading a photo, the individual must compare rates. He must also find out how much commission he'll receive for every sale of his photo. Lastly, each photo site has its own terms & conditions so it's best to read them before signing up & selling photos.

A stock photo is uploaded to a site by an artist. Potential clients check the stock photo site for pictures that they like. Because the photo can be used in different ways by different clients, the photographer as well as the stock photo site can earn money from it. Because the photo is uploaded online & can be viewed by everyone around the world, the photographer can even be earning money while he's asleep.

A photo, however, can be of good quality but if the client has no use for it then he won't buy it. The stock photo site can also reject photos if they're not satisfied with the quality. Some photo sites will ask for exclusive rights over the photo. It isn't advisable to agree to such terms because there're so many sites which can sell the photos.

A stock photo site will screen the photos because only the best photos can be uploaded for viewing by the clients. As such, the photos mustn't only be useful to clients they must also be of the highest quality. it's also advisable to be careful about copyright agreements. it's important that the photographer understands his rights over his photos. He must've the right to personally use the photo for his own projects. Before committing to a stock photo site, it's important that he understand the legalities of the agreement.

Furthermore, the photographer has no control over his photos once they're uploaded to the stock photo site. The client can license the pictures & use them in an advertising campaign for whatever product or advocacy. Therefore, if the photographer uploads a photo of his wife, the client can use it for his domestic abuse or breast cancer awareness advertising campaign. As such, it's important that the photographer uploads photos of generic subjects so that no problems can arise in the future.

This is a great starting point.

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Conclusion

So, there you've it. Passive income ideas that'll help to build financial freedom & demolish financial stress in your life & generally make your life better.

The idea of generating passive income sounds great but it doesn't mean you'll do zero work. In building wealth for yourself & gaining financial freedom, you've to work for it. Passive income ideas make the process simple as you only have to work at the initial stage of setting up the venture. Then you wait & earn residual income to your accounts for years—even while you are sleeping or doing anything else.

I encourage you to begin your journey of building financial freedom today through the passive income ideas shared in this book. The sooner you start, the sooner you can reach your goals. Don't wait for the perfect moment or state of mind. Create streams of passive income for yourself today.

The best way to start is to choose one & stick with it. Gather additional information online about the topic & find out how to get started. Try to make sure that you don't get stuck on just gathering information & not taking any action. If you need to, don't be afraid to invest in a course to teach you the necessary skills. Make sure that the course creator is still doing the thing in the course so that you can be sure that the content of the course is up to date with current trends. Spend some time after work, an hour or two, on building it. If you can do this every day, time will quickly add up & before you know it, you'll be generating income without you being physically present. But, the key here is to focus on one passive income stream, one idea, at a time. Put in 100% effort & have it earning you some passive income first before moving onto the next idea. Don't fall victim to shiny object syndrome.

It's life changing stuff & can really supplement & add to your current income. Take action & be persistent and you'll make it work!
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