What’s up, everyone? My name is Abdul Rehman today I will tell you about passive income ideas. I’m very passionate about is passive income I think it’s so important that we work smarter instead of just harder. that we figure out how we can earn more while working less.
Best Passive Income for 2019
It’s a matter of fact, that only a few people who truly love their jobs and would do them even if money was no object. And those people who are really passionate about their jobs often end up as entrepreneurs, so who are we to stop them?
On the other hand, there is a myriad of people who dislike their 9-5 dead-end jobs and dream about earning passive income while sunbathing on a beach or swimming in the ocean.
If you are one of those people, then you have come to the right place. There are two types of earning first is active and the second one is passive now the question is What is the difference between active and passive income?
The answer is very simple generally, active income is income which you earn once-off for the amount of work you do and the Passive income, however, is different. Unlike active income, passive income is where you keep earning for the same bit of work you once did.
Hence the passive part – you did the work once but still getting paid for it. but In this post, you can read about some of the most effective passive income strategies for 2019.
Start an Affiliate Marketing Business
Affiliate marketing is a very old but also timeless strategy to earn extra money. In fact, there are more and more people who give up their daily jobs to start an online business in the affiliate marketing industry.
While you cannot get rich overnight by doing affiliate marketing, you can expect a decent income if you invest a lot of time and effort. The most common strategy people use to profit from affiliate marketing is to start a blog in a specific industry or niche, and then write product reviews and relevant content with affiliate links to the companies’ online stores and pages of Amazon products. This is the Best Passive Income Ideas.
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Start A YouTube Channel
If you earn $1000 or more with passive income every single month. The second idea that I’m going to share with you. Today is something that you might already be really familiar with and that is to start a YouTube channel. Basically, once you create your channel you can allow YouTube to run ads on your videos. Those are the ads that you see before the video starts that make you wait for five seconds. or the ads that show up over there in the side column or sometimes down below. at the video and if someone clicks on those ads then the YouTube creator gets half of the money that the business paid to run the ads. This is the Best Passive Income Ideas.
Create A membership website
The Third way you can earn passive income is with a membership website after creating a website all you need to do is you put some sort of content on that in order to access the content people have to subscribe to the website now oftentimes there’s some content that people can access for free to give them a taste of what is available but in order to get all the content or to get the premium content they need to pay a monthly membership fee now depending on what your membership site is about and what it offers to its members and how premium the content is you’ll be able to charge different amounts the cheapest membership sites typically cost about five dollars a month.
And the most expensive ones cost a few hundred dollars a month so if you were running a pretty simple membership site that didn’t offer very much to its users then you might charge your users 10 dollars per month in which case you would need 100 users in order to make a thousand dollars or you might have a more premium site and charge your members $100 a month in which case you’d only need 10 members in order to make a thousand dollars per month.
One fantastic thing about a membership site is that does create that recurring revenue a month after month and you don’t have to necessarily do anything to maintain it now many of the best membership sites do continue to add new content every single month but it just depends on how you structure your site and whether you create all that content in one batch before you launch the site or whether you’re choosing to create it every single month this is the Best Passive Income Ideas.
Write A Book
My fourth passive income idea is to write a book you can make plenty of passive income by writing a book. A book can help you reach plenty of other goals as well as help you advance your career. Now generally when people write and publish a book they’ll earn royalties of around $5 per copy that is sold so if you did earn average amount of $5 per copy you would need to sell 200 copies of your book per month in order to make $1000 a passive income this is the Best Passive Income Ideas.
Create A Lead Generation Website
Another way that you can create passive income is by creating a lead generation website for a service business. Now what exactly it’s means you would work with another business that was offering some sort of service or perhaps even a premium product to their customers you would create a website of your own that is essentially an advertisement for that website it probably offers prospective customers some free resource or a free consultation call and you drive traffic to that website so that you can get leads for the company that you’re working with and then that company pays you for these leads in order to do this successfully.
You will need to have a working knowledge of digital marketing so that you know how to drive the right traffic to the website and how to turn that traffic into leads for the company that you’re working with depending on the industry the quality of the leads and how much money the product that the company that you’re working with sells their product for you’ll be able to charge different amounts for the leads on the low end of average if your leads are decent quality you could charge it about five dollars per lead and so in order to generate one thousand dollars per month of passive income you would need to generate 200 leads this is the Best Passive Income Ideas.
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Create an Online Course:
The next way you can earn the best passive income every month is by creating an online course you can take this course and either sell it on your website to which you’d have to drive traffic in order to generate sales or you can sell it on a website. Like Udemy that provides a platform that kind of comes with built-in customers. Now when you sell it of course on your own site you can charge much higher prices typically anywhere between about $100 and $5,000 now of course that all depends on where your course is about what value it gives to the students and how well you market it on the other hand if you sell your course on a platform like you to me the courses sell for a much lower price typically somewhere between about $10 and $100. this is the Best Passive Income Ideas
If you sell it on a site like you me you earn an average of 50% of the sales price however different websites have different terms and policies about exactly what the Commissions are but if you earn that average of around 50% Commission then you’ll be earning of somewhere between $5 and $100 per sale now let’s say you were earning $10 per sale which I think is pretty typical if you’re selling on one of those sites in that case you would need to generate 100 sales per month in order to hit that thousand dollar mark.
If you want to be generating the best passive income every single month. Now I’ve owned a few rental properties in the past and at least in the area where I live it’s pretty typical to earn an average of around two hundred and fifty dollars of profit per unit that you own now, of course, there’s plenty of things that can throw off that average but if you did make that average amount.
Then you would need to own for rental investment properties in order to be able to make $1,000 a passive income every month. Now at first glance it might look like any of these other options are better than investing in rental real estate because the risk to reward ratio is a bit skewed compared to those other opportunities, of course, there are risks associated with investing in real estate and if you’re only making 250 dollars per month then you might wonder it’s really worth it fortunately though you are getting some bonus benefits such as building equity in a property that might be appreciating in value at the same time this is the best Best Passive Income Ideas.
Create a Mobile App:
Another way to make the best passive income is by creating a mobile app but if you think it’s difficult to create a mobile app the truth, is it’s easy to create a mobile app if you find the right developers. Also, you can learn the development process yourself and maybe even code your own app. There are lots of free courses available on the internet they can teach you how to create your own app.
You need to focus on examining various industries and markets to find a problem people regularly face. The objective of your app should be simple and straightforward – to provide a solution to that problem. It is the best way to make the best passive income for 2019.
Invest in Stocks
The next method of creating a passive income is to invest in Stocks market the world’s richest people normally have investment funds, and stocks take up a fair share of their fortunes. The act of investing itself is not something that requires a lot of time. However, the research preceding the investment takes time, effort, and skills.
Also, you need to have money in order to invest. The investment business is usually for those people who have considerable amounts of money which they can easily go without.
You know what they say: ‘Only invest as much as you are willing to lose.’ So, if you are not ready to say goodbye to your savings, maybe this type of investing is not for you.
Renting out a room:
For making the best passive income is renting out a room in your house you can this on a website. Like Airbnb amongst others and when you do this you can rent your room out for anywhere between about $25 a night.
And $200 per night depending on the location where you live if you rented a room out for an average of say $50 a night then you would need to rent it out for 20 nights of the month in order to make that thousand dollars so yes you would need to have your room rented for most of the month if it was only going for $50 a night and you wanted to earn a thousand dollars but this is still a good opportunity.
The final option that I’ll share with you for making the best passive income is all those methods are trusted. And you can choose any of them. According to your taste. If you have any other methods for making passive income in 2019. So please leave me to comment below and share with me how you made your passive income. And if you haven’t already then tell me which of these opportunities you’re most interested in. And trying out for yourself now before you go.
I want to share one more thing with you and that is that I’ve put together a free guide on how to make passive income by running an information business.
And if you don’t know what an information business is let me just take a quick minute to tell you. Basically, it’s a business typically an online business where you sell some sort of information so it might be a YouTube channel or a blog a business where you sell an online course. or you have a paid membership program but basically, you’re creating some sort of content and then you’re selling it and this is one of my favorite ways to make passive income.
Three reasons first of all the risk are super low you don’t have to invest very much money or even time upfront to get it off. The second reason. I’m a big proponent of information businesses is because this is really fun to run. And you get to create content on a topic that you’re interested in. Perhaps for research something that you want to learn about anyway and share it. With others, so it makes you feel really good and yeah it’s fun. because you get to focus on a topic that you’re already interested in. And the third reason is that it is so easy to scale.
Once you create a product you can sell it over and over and over again which means that it’s one of the most passive types of income that you can create like I said I put together a guide for how to start your own information business the guide is completely free ok well that’s all I’ve got for you guys today thank you so much for reading this post. I hope you enjoyed this post and found it helpful and I hope that you’ll consider subscribing to our website.