Passive income is something like a unicorn. Everyone likes it, but most of us don´t really believe it´s even possible. However, the good news is that it really exists! The bad news is that you still have to do something at first to make the wheels spin. From smart investments to becoming affiliates or licensing your inventions, here´s our list of 7 passive incomes that are real and definitely worth to try.
1. Invest (Wisely)
Earning interests from your investment is probably the closest you can get to being paid for no effort. However, you got to have some serious capital first – and the guts to risk it. Investing comes with considerable risks since your investment will be completely reliable on actions and successes of someone else. But if you´re not too greedy, you can find very safe investment opportunities too, such as Landing funds, for example. Of course, be sure that very safe investments also mostly come with very small interests.
2. Do Affiliate Marketing
With modern web building and blogging tools, everyone is able to create their own virtual space and share their ideas, wisdom, or experience. Aside from your potential visitors, this space is also attractive for thousands of businesses who want to advertise their services or goods online. As an affiliate partner, you let these companies advertise directly on your website – and earn your commissions for every purchase made this way. How to make it work? Find some niche that´s really sought after – such us online dating which currently experiences major growth. Many of these opportunities can be found through TopOffers adult dating affiliate network, which also offers interesting bonuses and full safety to its members.
3. Rent a Property
Do you have some capital? There´s no better way to invest it than buying a property and renting it. Of course, you have to spend quite a significant amount first, but the good thing is that, unless some serious catastrophe or economic crises occur, it most likely won´t lose its value. Meanwhile, you can double or triple your wealth by renting it out. You can buy a regular apartment or house and rent it for commuting professionals. Or you can go for some form of a vacation property, which can potentially earn you much more, but also requires more care and management.
4. Create and Earn Royalties
Almost any skills you considered so far to be your hobby can be turned into some sort of income. Are you able to take decent photographs? Are you creative and patient enough to do nice logos? Are you able to put together some songs or melodies through music software? There are thousands of people all around the world who are willing to buy this kind of stuff. Do your research, find what´s sought after and register with some reputable stock library. Once your catalog is large enough, you can just sit and earn royalties.
5. License Your Ideas
Are you one of those people who always come up with some great and revolutionary ideas – but never actually turns them into reality? Well, except that your fate is to watch others reap fruits of your imagination. Aside from waiting for this to happen, you can try your luck in licensing your brilliant ideas and waiting for others to pay for their use. Of course, in practice, this isn’t that easy as it might seem. To create an idea worth paying for (and hard to bypass), you have to be very specific, skillful, and thoughtful. Good thing is that if you come up with some real hit, you might pretty much retire at 35.