Passive income is an income that you get regularly without you working to earn it.
Here are the 3 must have online passive income streams you must aim and have.
Selling Stock Photos
Selling Stock Photos – Do you ever wonder where your favorite websites, blogs, and sometimes even magazines get their photos? These are normally bought from stock photo websites. If you enjoy photography you can submit your photos to stock photo sites and receive a commission every time someone purchases one of them. Credits: 20 Passive Income Ideas To Build Real Wealth – The College Investor
Selling Information Can be Profitable Online.
One of the most effective forms of passive income involves the selling of information online. There are many different ways that you can sell information from eBooks to audio programs or even videos. Almost 20 % of all internet traffic is looking for information and this passive type of income is in demand at a high rate online. Amazon allows anyone to make their eBooks available for sale and actually sells more books than any traditional publishing company. Credit: BrandonGaille
Peer To Peer Lending
Have you ever lent money to a friend, only for them to try and pay you back in expired Chili’s coupons? Do you believe that you and your hard-earned money are destined for more than expired Chili’s coupons?
Consider becoming a peer to peer (P2P) lender. This relatively new industry allows individuals to lend money to other, unrelated individuals through online platforms such as Prosper and Lending Club.
P2P lending removes traditional financial intermediaries from the mix, offers better interest rates to borrowers and allows lenders, or “investors,” to make money off their loans.
Becoming a P2P investor is relatively simple. Most platforms will allow investors to invest as little as $25, and you’ll most likely see your first returns after a month to a month and a half. Source: Sitepoint
Having Online Passive Income Streams Is Sweet
We all agree that earning passive income is indeed a very sweet thing. The reason is obvious, you are not working to earn that passive income! It just keeps going to your pocket without a sweat.
There are many ways to earn passive income like investing in stock market, mutual funds, bank time deposits, and the like – but the reason why we did not include it here because it is very common knowledge to all of us from time immemorial.
The concept is really the same when it comes to earning passive income. You will create that money machine that will work for you to earn money!
Examples of the money machines are just given to you 😉
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