+ 92 ways to make money online & passive income
It Takes Money to Make Money
As you can see from these two examples, there are extremes in creating passive income streams. However, one theme is consistent – it takes money to make money.
In the first example, the person did not have cash on hand to create a passive income stream. Therefore, they dedicate their time to the business.
Since our time is all we have to create income, applying your time to a project, like a network marketing business, costs money. Never forget that money is merely a reflection of the time we spend working.
Eventually, with persistence and dedication, the marketer reaches the point where their team takes over growing the business. All these people have left to do is sit back and coordinate things from a cellphone on the beach a few times a month, while thousands of dollars in commissions roll into their bank account each week.
In the second example, the angel already has money, and their priority is to grow the fund. Since they have access to millions or billions of dollars, they take the appropriate risk and gain a superior reward. At this level, its all about managing risk, and VCs are typically cautious about whom they lend money to in their business.
That does not mean they spend hours pouring over a company’s financial statement – they have staff for that. Owners of VCs live comfortable lives. While they may always have their money on their mind, and stay motivated to work, they do it because they love it – not because they have to earn a living working.
Passive Income Ideas for the Real World
By now, you should have a clear understanding of passive income and what it takes to achieve it.
We assume that the majority of readers are not yet VC multi-millionaires, although they may aspire to be one day.
With this in mind, we put together a few offline and online passive income ideas to get you started. Pick a strategy that resonates with you, and get to work building your first passive income stream.
Investing in Real Estate
The chances are that you have already heard someone speaking out how real estate is the best investment you can make. Real estate is the backbone of the American economy, and home prices continue to trend upwards as the decades fly by.
However, investing in real estate is very different from buying a home. Some people may tell you that your home is your best investment. However, these people are wrong. Your home is an appreciating asset, but it costs you money to maintain.
Even if you own your home outright, If you stop paying your property taxes, then what happens? The sheriff comes round to your home and seizes it for non-payment of your utilities and property taxes.
Read: Why Real Estate Is the Best Long-Term Investment
Every month most American homeowners take care of mortgage payments. Therefore, your home is actually an expense, and you should list it on the liabilities side of your personal balance sheet. However, there is a way to turn real estate from a liability into an asset.
When investors buy property, they do so intending to never live in the house, apartment, or condo they are buying. Instead, they intend to rent the unit out and make a profit from the rental income.
To make the real estate profitable from day one, and to earn the investor an income, it must produce cash flow. Cash flow describes the difference between the mortgage costs on the real estate and the rental paid by your tenant.
For example, the Mortgage, utilities, and taxes on the apartment are $1,750 per month. If you’re charging your tenant $2,500 per month for rental, then your apartment presents you with a net positive cash flow of $750 at the end of the month.
In other words, the tenant is paying off the asset for you, and you are earning a passive income from the rent every month. We call it passive income because you did not have to work to make that kind of money.
Think about how long it would take you to earn $750 at work. How many hours on the job does it take you to earn $750? You made that through one investment that provides positive cash flow. Now, let’s take that concept a step further. What if you had 10-properties all handing you $750 per month in positive cash flow?
In this scenario, you would have a passive income of $7,500, for doing absolutely nothing. Some people might argue that they don’t want to be a landlord and have tenants phoning them at 2 am because of the geyser bursting.
That’s fine, then hire a property management team to do the dirty work for you. Property managers might charge 10-percent of your annual rental income, but they are worth the money. Plus, you get to write the costs of the management services off from your taxes during the filing season.
Read: Investing in Real Estate vs Stock Market: Pros & Cons of Each
Investing in a REIT
Investing in real estate doesn’t mean that you need to own property physically. There are other vehicles you can use for property investments, as well. An example of a high-yielding real estate asset that produces passive income is a REIT or Real Estate Investment Trust.
A RIET operates like any other company listed on the stock exchange. The REIT controls a real estate portfolio and makes money from lease agreements to large entities such as corporations and the government. To qualify as a REIT, the company must distribute 90-percent of its profits to shareholders in the form of dividends.
If you’ve ever heard anyone talking about receiving free government rent checks, then they are talking about investing in a REIT. The US federal government has over 2-million employees and lease agreements on some 55,000 buildings across the United States.
Investing in REITs that have the federal government as clients is a fantastic option to create another passive 9income stream. Every year you receive a healthy dividend for the REITs profits. With the federal government as a tenant., you don’t have to worry about defaults of business bankruptcies.
A REIT belongs in the investment portfolio of anyone looking to create more passive income streams.
Read: What are REITs? Complete Guide to Real Estate Investment Trusts
Investing in a Business
Getting into business is the same as investing in real estate, concerning how most people view it as an asset. When you average American leaves their company with the hope of starting a business, they decide to work in the business, rather than on the business.
In other words, most business owners set up shop and then give themselves a position within the company. Often, this position has to do with the general management of the business. As a result, the person may have a more profitable job, but they have a job nonetheless.
If the business owner gets sick or dies, then the business fails. This strategy is not the way to invest in companies to create passive income. If you spend your days working as an employee of the company, you aren’t creating a passive income; you’re working for a living.
Investing in companies to create passive income requires a different strategy. With this model, you look to acquire a shareholding in undervalued businesses that you think are ready for a comeback in earnings.
By investing as a shareholder, you take no active role in the company. All you need to do is collect dividends and attend shareholder meetings. Therefore, you are creating money by investing in the company, not working for it to earn a salary. There is no time commitment on your behalf, only a capital commitment.
Buying a Cash Business
The second strategy for investing in a business to create a passive income is through purchasing a cash business. Companies that offer shareholding to investors are typically large corporations. You’ll only be buying a small number of shares with your capital and receive a dividend on your investment during the earnings season.
However, if you want to create a monthly cash flow from the business, then you need to take a different approach. Buying a cash business like a laundromat or a car wash is an excellent way to provide your portfolio with another passive income stream.
These businesses are self-managed operations, and you don’t need to spend any of your time washing cars or handing out change for the laundry machine. When you purchase a cash business, it comes with a full staff complement, including managers that run the company for you.
As a result, you get to keep the earnings of the business at the end of the month, and you pay your employees a salary. As a business owner, you get to take advantage of tax breaks to reduce your taxable income, increasing your profits.
Cash businesses are self-sustaining entities that pay you positive monthly cash flow. Make sure you get your accountant to go over the books before you buy any cash business. The owner may make accounting entries that hide the real value of the company or blow it out of proportion with its actual earnings.
However, your accountant can identify any funny business, and let you know if you are making a prudent business decision or buying a failing business. Once again, it’s important to note that you are not working in the business. In this case, you are working on the business, and therefore there are minimal restraints on your time.
Network Marketing
Our third option for investing in a business to create a passive income is through network marketing models. Many people know of network marketing as a “pyramid or Ponzi schemes.” However, these descriptions of this business model are overly harsh.
The truth is that network marketing offers people with limited resources, the chance to start a successful business. Renowned best-selling author and financial guru, Robert Kiyosaki, calls network marketing “the perfect business.”
With network marketing, there is plenty of work involved in the initial stages of the business. Therefore, it’s not a true passive model. However, after you build a productive downline, the company takes on a life of its own.
Your downline grows without any input from your side, and you can stop recruiting new members into your business and training them. Every month you receive a commission check that gets larger and larger as your network and business expands.
Some talented network marketers earn 6-figure passive incomes, and they spend their days relaxing on a beach. Network marketing is a valid business model, but you need to be careful about which business you decide to join.
When joining a network marketing company, you must select an established company with solid ethics. Joining fly-by-night companies could wind up with you being part of a Ponzi scheme.
Investing in Managed Portfolios
The fourth option for investing in businesses and companies is through managed portfolios. Some investors like Warren Buffet, spend hours putting together investment deals before they buy a company. However, as a passive investor, you don’t have the time to complete due diligence on the assets you buy.
Therefore, the best strategy to use in this case is passive investment models. Passive investment models are typically portfolios of companies, index funds, ETFs, and other market constituents. A mutual fund pools together investors’ money, and then allocate the funds to various assets mentioned beforehand.
A fund manager controls the flow of money, as well as the investment strategy. You have no say in the strategy, and you receive annual returns on your capital. Most mutual funds return their clients around 6 to 9-percent per annum before deducting costs.
Later in your investment career, you can take advantage of setting up an account with a hedge fund instead of a mutual fund. The world’s best money managers run hedge funds, and some of them make their investor returns of over 90-percent per annum.
However, not all hedge funds follow the same investment strategy. Therefore, you’ll need to research your hedge carefully before deciding on where to park your money. Hedge funds are only available to qualified investors or high net-worth individuals. You must have a salary above $250,000 per annum, or net assets above $1-million, excluding your residence.
Dboldnews.
Are you tired of wasting hours of the day sitting in traffic on the way to the office? Do you arrive at work to a job you hate, with colleagues you can’t stand? Unfortunately, this is a reality for millions of Americans in the workforce.
You can count yourself among the lucky few if you have a job that you enjoy. Many people battle through the working day, wasting their talent and their lives so they can support their family and pay the bills.
What if you could work from the comfort of home, and spend more quality time with your kids? Think about all the savings you would make on gas and other peripheral gas station purchases in the course of a year. How much time would you save in your commute?
We decided to help you break free from the chains of corporate slavery, and give you a few ideas on how to make money at home using the internet. Start small and build yourself toward your goal of earning a full-time income online, from the comfort of your couch.
Also Read: Our Guide to the Best Online Jobs
Take Surveys
Contents [show]
Surveys are one of the most popular methods of making money online. While you won’t be able to make a full-time living using this strategy, it will help put a few extra dollars in your bank account at the end of the month.
There are dozens of survey firms online looking for candidates to take part in their studies. In most cases, more than 80-percent of surveys focus on the American market, so you’ll need U.S. citizenship to apply.
Surveys are fun to complete and involve answering a few questions on your phone. You’ll finish in less than 10-minutes, and you can earn anywhere from $3 to $10 per survey that you take.
The survey companies award you points, and you have the option of trading these points for a PayPal cash payout, or gift cards from leading retailers like Amazon. Filling out surveys is an excellent, low-risk means of starting your online career.
Survey Junkie
Survey Junkie is the most well-known platform which will pay you for taking surveys. They have been around for over 14 years and are the leader in this area. You can take surveys and complete other assignments to earn points which can then be redeemed for real money via PayPal.
Visit Survey Junkie or Read our Full Review here.
Swagbucks
Swagbucks offer online surveys alongside a whole host of other ways to earn money and gift cards such as watching videos, using their search engine, completing daily activities and polls.
Visit Swagbucks or read the review.
Launch Your Blog or Vlog
If writing is your passion, then try starting a blog about your life. Blogging is a fun way to build an online platform that you can monetize in the future. Many successful bloggers earn upwards of $10,000 a month.
There are plenty of free resources that can help you set up a blog. WordPress is free, and they have plenty of custom templates available at no charge. Hosting is a few bucks a month, which you can pay for using the proceeds from your surveys.
If writing isn’t your thing, but you’re a whiz behind the video camera, consider starting a YouTube channel and uploading videos to your account. YouTube pays you a commission on advertising based on the total amount of subscribers, and the number of views on each of your videos. If you don’t mind putting your life on the internet for everyone to see, then you could be the next Logan Paul.
Create an EBook
Are you an expert in your field? Then try writing an eBook to sell online. Creating virtual products is an excellent way to set up a passive income stream that provides you with sales every month for years to come – with no effort in managing the process on your part.
If you can’t write the book yourself, hire a freelancer to do the job, and then add in your personal touch after they send you the finished project. Set up a landing page and add a payment processor to your account. That’s it – now you are ready to make money promoting your new eBook!
It’s possible to sell eBooks on topics with which you have no experience. Just because you have no idea about Japanese gardens, doesn’t mean you can’t write a book about the subject.
Hiring writers to write eBooks for you is a fantastic way of leveraging someone else’s skills to make money. Search for top-selling eBooks and then have a freelancer write you a book.
Amazon makes it easy to market your eBook using their Kindle platform, and with a little promotion on social media channels, you could be the author of a new best-seller!
Use Freelance Websites
Every day, millions of freelancers connect with people looking for skills. There are dozens of freelancer sites, such as Fiverr and Upwork, where you can sell your online talents. If you have expertise with design, or you like to write, then these platforms provide you with a marketplace to sell your skills.
When marketing yourself on these sites, its best to create an outstanding profile that includes a short video about the services you offer – this helps buyers find your page and hire you. However, millions of freelancers use these sites, and you might find the competition a bit stiff when getting started.
However, all it takes is a few good jobs and some positive feedback from your customers – and you’ll start to earn more reputation on the site, and receive more job offers as a result of your efforts in building your profile and your business.
Teach English Online
Do you have a degree? If so, then you could earn a living online by teaching English to international students. English is the global language for business. As a result, many people in the Eastern part of the world need assistance with learning the language.
However, you’ll need some form of bachelor’s degree to earn a teaching certificate, and you’ll need to take a short two-week course to learn how to plan lessons and manage students. Once you pass the classes, you get to work on your own time and at your pace. There is no boss to tell you what to do, and you choose your hours – the more you work, the more you earn.
Teaching foreign kids English requires patience, so only follow this career path if you like working with people and helping them overcome challenges. The pay ranges between $15 to $25 an hour, depending on your qualifications and experience.
Write Articles, Reviews, and Blogs
There are many fantastic opportunities for writers online. If you have command of the English language, and a creative streak – then you could earn money writing blogs, articles, and reviews for content sites. Writing is a skill that not many people can do well, and those that can write well – are in high demand.
Running a website requires you to push content into the public sphere to capture attention. If your content is weak, then the business will fail to gain the traction it needs to succeed. The best websites offer the best content, whether it’s product reviews, lifestyle blogs, or technical articles.
Writing jobs are available on freelance websites, and you can take some initiative and apply to content companies for open positions on their team. Writing won’t make you rich, but it can provide you with an additional income to help you transition into other forms of business online.
Market Products on Social Media
Facebook has over 2-billion Active monthly users, and Instagram has over a billion active users. These platforms have eyeballs searching for interesting posts at any time of the day. Selling products on social media allows you to access your market where they are spending their time directly.
The next time you drive along the freeway in traffic, take a look at the other drivers around you. The chances are they aren’t staring at the billboards along the side of the road – most of them will be staring into the screens of their phones, even some of the drivers!
Traditional advertising is dead, and social media is the new hotspot for picking up qualified prospects for your business.
Try creating T-shirt designs on Teespring, and then sell them through your social media accounts. Teespring takes care of all of the production, shipping, and customer returns, leaving you with the only responsibility of marketing your t-shirt.
Facebook marketing allows you to laser-focus your target market into a defined niche that is more likely to click your buy button. The kind of reach you can get with a $20 budget on Facebook marketing will make any outdoor advertising agency blush in embarrassment.
Build and Sell Websites
Are you a whizz at coding? Then why not try building and flipping websites as a strategy to make money online? You can post and apply for jobs on freelance sites while building sites in your spare time. Every day, there are thousands of new websites going live, and each of them needs design work.
Building and flipping websites can become a profitable venture if you connect with the right platforms for flipping.
Run an E-commerce Store
E-commerce is taking the world by storm. In developed markets like the U.K. and the United States, tech giants Amazon rule the roost for online sales. Statistics show that e-commerce is on the rise, and by the end of 2019, estimates show that online sales will account for nearly 20-percent of all retail purchases worldwide. That’s a significant amount when you discount people buying groceries and trinkets at their local supermarket.
Getting involved in the world of e-commerce has many benefits. You don’t have the same overhead as brick-and-mortar stores, with no costs on rent or staff. However, you get to present your products to over 2-billion internet users who are searching online for what you are selling right now.
Setting up an e-commerce business may seem like plenty of work. Finding suppliers and then managing shipping and logistics. However, companies like Amazon have changed the game for online retailers.
Amazons “FBA” business, allows you to ship products to Amazons warehouse and list them for sale on your Amazon storefront. The customer purchases your products, and Amazon takes care of the shipping, payment, and customer returns – in exchange for a commission. This strategy lowers the barriers to entry for new retailers and helps you to build a profitable business in a short period.
Trade the Markets
If the world of finance seems attractive to you, then why not try your hand at trading the markets? Trading stocks, bonds, commodities, or forex offers plenty of opportunities to make ludicrous amounts of money throughout the year.
However, you’ll need a trading education to teach you how to read price action, and you’ll need advice from a mentor to ensure you don’t make any significant mistakes that could blow up your account. You’ll start trading in a simulator with paper money until you think you are ready to take on the live markets.
Once you have your strategy, you could be a millionaire in months if you make the right trades. Some traders chose to work at it as a full-time job, while others may only trade the market open, leaving the rest of the day free for other activities.
Sell Your Photos Online
If you have a talent behind the camera, then you can sell your photos online. One of the best features of this model is the fact that your photo has an unlimited license. This strategy means that multiple people buy your picture, and it can provide an endless source of income.
Open an account and upload a portfolio of pictures on a stock image website, like Adobe Stock or Shutterstock. Every time a user downloads your image, you receive a royalty. While this may not seem like much, if you have an impressive portfolio, it could provide you with a residual income for many years.
Read: Make Money Fast
In Closing – Opportunities are Everywhere
If working online sounds like a dream come true, then it’s time to formulate an action plan to get started on your new career. If you are still working a full-time job, then start with tasks like filling out surveys until you save enough money to leave your job for a few months and start your online venture. If you currently have no employment, then check out the freelance sites for work.
If you are already financially comfortable, and can’t stand your job, consider looking into trading the markets or setting up an online e-commerce business. The choice of how you get started is up to you, take a look around the online world, and you’ll see that opportunities are everywhere
As you can see from these two examples, there are extremes in creating passive income streams. However, one theme is consistent – it takes money to make money.
In the first example, the person did not have cash on hand to create a passive income stream. Therefore, they dedicate their time to the business.
Since our time is all we have to create income, applying your time to a project, like a network marketing business, costs money. Never forget that money is merely a reflection of the time we spend working.
Eventually, with persistence and dedication, the marketer reaches the point where their team takes over growing the business. All these people have left to do is sit back and coordinate things from a cellphone on the beach a few times a month, while thousands of dollars in commissions roll into their bank account each week.
In the second example, the angel already has money, and their priority is to grow the fund. Since they have access to millions or billions of dollars, they take the appropriate risk and gain a superior reward. At this level, its all about managing risk, and VCs are typically cautious about whom they lend money to in their business.
That does not mean they spend hours pouring over a company’s financial statement – they have staff for that. Owners of VCs live comfortable lives. While they may always have their money on their mind, and stay motivated to work, they do it because they love it – not because they have to earn a living working.
Passive Income Ideas for the Real World
By now, you should have a clear understanding of passive income and what it takes to achieve it.
We assume that the majority of readers are not yet VC multi-millionaires, although they may aspire to be one day.
With this in mind, we put together a few offline and online passive income ideas to get you started. Pick a strategy that resonates with you, and get to work building your first passive income stream.
Investing in Real Estate
The chances are that you have already heard someone speaking out how real estate is the best investment you can make. Real estate is the backbone of the American economy, and home prices continue to trend upwards as the decades fly by.
However, investing in real estate is very different from buying a home. Some people may tell you that your home is your best investment. However, these people are wrong. Your home is an appreciating asset, but it costs you money to maintain.
Even if you own your home outright, If you stop paying your property taxes, then what happens? The sheriff comes round to your home and seizes it for non-payment of your utilities and property taxes.
Read: Why Real Estate Is the Best Long-Term Investment
Every month most American homeowners take care of mortgage payments. Therefore, your home is actually an expense, and you should list it on the liabilities side of your personal balance sheet. However, there is a way to turn real estate from a liability into an asset.
When investors buy property, they do so intending to never live in the house, apartment, or condo they are buying. Instead, they intend to rent the unit out and make a profit from the rental income.
To make the real estate profitable from day one, and to earn the investor an income, it must produce cash flow. Cash flow describes the difference between the mortgage costs on the real estate and the rental paid by your tenant.
For example, the Mortgage, utilities, and taxes on the apartment are $1,750 per month. If you’re charging your tenant $2,500 per month for rental, then your apartment presents you with a net positive cash flow of $750 at the end of the month.
In other words, the tenant is paying off the asset for you, and you are earning a passive income from the rent every month. We call it passive income because you did not have to work to make that kind of money.
Think about how long it would take you to earn $750 at work. How many hours on the job does it take you to earn $750? You made that through one investment that provides positive cash flow. Now, let’s take that concept a step further. What if you had 10-properties all handing you $750 per month in positive cash flow?
In this scenario, you would have a passive income of $7,500, for doing absolutely nothing. Some people might argue that they don’t want to be a landlord and have tenants phoning them at 2 am because of the geyser bursting.
That’s fine, then hire a property management team to do the dirty work for you. Property managers might charge 10-percent of your annual rental income, but they are worth the money. Plus, you get to write the costs of the management services off from your taxes during the filing season.
Read: Investing in Real Estate vs Stock Market: Pros & Cons of Each
Investing in a REIT
Investing in real estate doesn’t mean that you need to own property physically. There are other vehicles you can use for property investments, as well. An example of a high-yielding real estate asset that produces passive income is a REIT or Real Estate Investment Trust.
A RIET operates like any other company listed on the stock exchange. The REIT controls a real estate portfolio and makes money from lease agreements to large entities such as corporations and the government. To qualify as a REIT, the company must distribute 90-percent of its profits to shareholders in the form of dividends.
If you’ve ever heard anyone talking about receiving free government rent checks, then they are talking about investing in a REIT. The US federal government has over 2-million employees and lease agreements on some 55,000 buildings across the United States.
Investing in REITs that have the federal government as clients is a fantastic option to create another passive 9income stream. Every year you receive a healthy dividend for the REITs profits. With the federal government as a tenant., you don’t have to worry about defaults of business bankruptcies.
A REIT belongs in the investment portfolio of anyone looking to create more passive income streams.
Read: What are REITs? Complete Guide to Real Estate Investment Trusts
Investing in a Business
Getting into business is the same as investing in real estate, concerning how most people view it as an asset. When you average American leaves their company with the hope of starting a business, they decide to work in the business, rather than on the business.
In other words, most business owners set up shop and then give themselves a position within the company. Often, this position has to do with the general management of the business. As a result, the person may have a more profitable job, but they have a job nonetheless.
If the business owner gets sick or dies, then the business fails. This strategy is not the way to invest in companies to create passive income. If you spend your days working as an employee of the company, you aren’t creating a passive income; you’re working for a living.
Investing in companies to create passive income requires a different strategy. With this model, you look to acquire a shareholding in undervalued businesses that you think are ready for a comeback in earnings.
By investing as a shareholder, you take no active role in the company. All you need to do is collect dividends and attend shareholder meetings. Therefore, you are creating money by investing in the company, not working for it to earn a salary. There is no time commitment on your behalf, only a capital commitment.
Buying a Cash Business
The second strategy for investing in a business to create a passive income is through purchasing a cash business. Companies that offer shareholding to investors are typically large corporations. You’ll only be buying a small number of shares with your capital and receive a dividend on your investment during the earnings season.
However, if you want to create a monthly cash flow from the business, then you need to take a different approach. Buying a cash business like a laundromat or a car wash is an excellent way to provide your portfolio with another passive income stream.
These businesses are self-managed operations, and you don’t need to spend any of your time washing cars or handing out change for the laundry machine. When you purchase a cash business, it comes with a full staff complement, including managers that run the company for you.
As a result, you get to keep the earnings of the business at the end of the month, and you pay your employees a salary. As a business owner, you get to take advantage of tax breaks to reduce your taxable income, increasing your profits.
Cash businesses are self-sustaining entities that pay you positive monthly cash flow. Make sure you get your accountant to go over the books before you buy any cash business. The owner may make accounting entries that hide the real value of the company or blow it out of proportion with its actual earnings.
However, your accountant can identify any funny business, and let you know if you are making a prudent business decision or buying a failing business. Once again, it’s important to note that you are not working in the business. In this case, you are working on the business, and therefore there are minimal restraints on your time.
Network Marketing
Our third option for investing in a business to create a passive income is through network marketing models. Many people know of network marketing as a “pyramid or Ponzi schemes.” However, these descriptions of this business model are overly harsh.
The truth is that network marketing offers people with limited resources, the chance to start a successful business. Renowned best-selling author and financial guru, Robert Kiyosaki, calls network marketing “the perfect business.”
With network marketing, there is plenty of work involved in the initial stages of the business. Therefore, it’s not a true passive model. However, after you build a productive downline, the company takes on a life of its own.
Your downline grows without any input from your side, and you can stop recruiting new members into your business and training them. Every month you receive a commission check that gets larger and larger as your network and business expands.
Some talented network marketers earn 6-figure passive incomes, and they spend their days relaxing on a beach. Network marketing is a valid business model, but you need to be careful about which business you decide to join.
When joining a network marketing company, you must select an established company with solid ethics. Joining fly-by-night companies could wind up with you being part of a Ponzi scheme.
Investing in Managed Portfolios
The fourth option for investing in businesses and companies is through managed portfolios. Some investors like Warren Buffet, spend hours putting together investment deals before they buy a company. However, as a passive investor, you don’t have the time to complete due diligence on the assets you buy.
Therefore, the best strategy to use in this case is passive investment models. Passive investment models are typically portfolios of companies, index funds, ETFs, and other market constituents. A mutual fund pools together investors’ money, and then allocate the funds to various assets mentioned beforehand.
A fund manager controls the flow of money, as well as the investment strategy. You have no say in the strategy, and you receive annual returns on your capital. Most mutual funds return their clients around 6 to 9-percent per annum before deducting costs.
Later in your investment career, you can take advantage of setting up an account with a hedge fund instead of a mutual fund. The world’s best money managers run hedge funds, and some of them make their investor returns of over 90-percent per annum.
However, not all hedge funds follow the same investment strategy. Therefore, you’ll need to research your hedge carefully before deciding on where to park your money. Hedge funds are only available to qualified investors or high net-worth individuals. You must have a salary above $250,000 per annum, or net assets above $1-million, excluding your residence.
Dboldnews.
Are you tired of wasting hours of the day sitting in traffic on the way to the office? Do you arrive at work to a job you hate, with colleagues you can’t stand? Unfortunately, this is a reality for millions of Americans in the workforce.
You can count yourself among the lucky few if you have a job that you enjoy. Many people battle through the working day, wasting their talent and their lives so they can support their family and pay the bills.
What if you could work from the comfort of home, and spend more quality time with your kids? Think about all the savings you would make on gas and other peripheral gas station purchases in the course of a year. How much time would you save in your commute?
We decided to help you break free from the chains of corporate slavery, and give you a few ideas on how to make money at home using the internet. Start small and build yourself toward your goal of earning a full-time income online, from the comfort of your couch.
Also Read: Our Guide to the Best Online Jobs
Take Surveys
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Surveys are one of the most popular methods of making money online. While you won’t be able to make a full-time living using this strategy, it will help put a few extra dollars in your bank account at the end of the month.
There are dozens of survey firms online looking for candidates to take part in their studies. In most cases, more than 80-percent of surveys focus on the American market, so you’ll need U.S. citizenship to apply.
Surveys are fun to complete and involve answering a few questions on your phone. You’ll finish in less than 10-minutes, and you can earn anywhere from $3 to $10 per survey that you take.
The survey companies award you points, and you have the option of trading these points for a PayPal cash payout, or gift cards from leading retailers like Amazon. Filling out surveys is an excellent, low-risk means of starting your online career.
Survey Junkie
Survey Junkie is the most well-known platform which will pay you for taking surveys. They have been around for over 14 years and are the leader in this area. You can take surveys and complete other assignments to earn points which can then be redeemed for real money via PayPal.
Visit Survey Junkie or Read our Full Review here.
Swagbucks
Swagbucks offer online surveys alongside a whole host of other ways to earn money and gift cards such as watching videos, using their search engine, completing daily activities and polls.
Visit Swagbucks or read the review.
Launch Your Blog or Vlog
If writing is your passion, then try starting a blog about your life. Blogging is a fun way to build an online platform that you can monetize in the future. Many successful bloggers earn upwards of $10,000 a month.
There are plenty of free resources that can help you set up a blog. WordPress is free, and they have plenty of custom templates available at no charge. Hosting is a few bucks a month, which you can pay for using the proceeds from your surveys.
If writing isn’t your thing, but you’re a whiz behind the video camera, consider starting a YouTube channel and uploading videos to your account. YouTube pays you a commission on advertising based on the total amount of subscribers, and the number of views on each of your videos. If you don’t mind putting your life on the internet for everyone to see, then you could be the next Logan Paul.
Create an EBook
Are you an expert in your field? Then try writing an eBook to sell online. Creating virtual products is an excellent way to set up a passive income stream that provides you with sales every month for years to come – with no effort in managing the process on your part.
If you can’t write the book yourself, hire a freelancer to do the job, and then add in your personal touch after they send you the finished project. Set up a landing page and add a payment processor to your account. That’s it – now you are ready to make money promoting your new eBook!
It’s possible to sell eBooks on topics with which you have no experience. Just because you have no idea about Japanese gardens, doesn’t mean you can’t write a book about the subject.
Hiring writers to write eBooks for you is a fantastic way of leveraging someone else’s skills to make money. Search for top-selling eBooks and then have a freelancer write you a book.
Amazon makes it easy to market your eBook using their Kindle platform, and with a little promotion on social media channels, you could be the author of a new best-seller!
Use Freelance Websites
Every day, millions of freelancers connect with people looking for skills. There are dozens of freelancer sites, such as Fiverr and Upwork, where you can sell your online talents. If you have expertise with design, or you like to write, then these platforms provide you with a marketplace to sell your skills.
When marketing yourself on these sites, its best to create an outstanding profile that includes a short video about the services you offer – this helps buyers find your page and hire you. However, millions of freelancers use these sites, and you might find the competition a bit stiff when getting started.
However, all it takes is a few good jobs and some positive feedback from your customers – and you’ll start to earn more reputation on the site, and receive more job offers as a result of your efforts in building your profile and your business.
Teach English Online
Do you have a degree? If so, then you could earn a living online by teaching English to international students. English is the global language for business. As a result, many people in the Eastern part of the world need assistance with learning the language.
However, you’ll need some form of bachelor’s degree to earn a teaching certificate, and you’ll need to take a short two-week course to learn how to plan lessons and manage students. Once you pass the classes, you get to work on your own time and at your pace. There is no boss to tell you what to do, and you choose your hours – the more you work, the more you earn.
Teaching foreign kids English requires patience, so only follow this career path if you like working with people and helping them overcome challenges. The pay ranges between $15 to $25 an hour, depending on your qualifications and experience.
Write Articles, Reviews, and Blogs
There are many fantastic opportunities for writers online. If you have command of the English language, and a creative streak – then you could earn money writing blogs, articles, and reviews for content sites. Writing is a skill that not many people can do well, and those that can write well – are in high demand.
Running a website requires you to push content into the public sphere to capture attention. If your content is weak, then the business will fail to gain the traction it needs to succeed. The best websites offer the best content, whether it’s product reviews, lifestyle blogs, or technical articles.
Writing jobs are available on freelance websites, and you can take some initiative and apply to content companies for open positions on their team. Writing won’t make you rich, but it can provide you with an additional income to help you transition into other forms of business online.
Market Products on Social Media
Facebook has over 2-billion Active monthly users, and Instagram has over a billion active users. These platforms have eyeballs searching for interesting posts at any time of the day. Selling products on social media allows you to access your market where they are spending their time directly.
The next time you drive along the freeway in traffic, take a look at the other drivers around you. The chances are they aren’t staring at the billboards along the side of the road – most of them will be staring into the screens of their phones, even some of the drivers!
Traditional advertising is dead, and social media is the new hotspot for picking up qualified prospects for your business.
Try creating T-shirt designs on Teespring, and then sell them through your social media accounts. Teespring takes care of all of the production, shipping, and customer returns, leaving you with the only responsibility of marketing your t-shirt.
Facebook marketing allows you to laser-focus your target market into a defined niche that is more likely to click your buy button. The kind of reach you can get with a $20 budget on Facebook marketing will make any outdoor advertising agency blush in embarrassment.
Build and Sell Websites
Are you a whizz at coding? Then why not try building and flipping websites as a strategy to make money online? You can post and apply for jobs on freelance sites while building sites in your spare time. Every day, there are thousands of new websites going live, and each of them needs design work.
Building and flipping websites can become a profitable venture if you connect with the right platforms for flipping.
Run an E-commerce Store
E-commerce is taking the world by storm. In developed markets like the U.K. and the United States, tech giants Amazon rule the roost for online sales. Statistics show that e-commerce is on the rise, and by the end of 2019, estimates show that online sales will account for nearly 20-percent of all retail purchases worldwide. That’s a significant amount when you discount people buying groceries and trinkets at their local supermarket.
Getting involved in the world of e-commerce has many benefits. You don’t have the same overhead as brick-and-mortar stores, with no costs on rent or staff. However, you get to present your products to over 2-billion internet users who are searching online for what you are selling right now.
Setting up an e-commerce business may seem like plenty of work. Finding suppliers and then managing shipping and logistics. However, companies like Amazon have changed the game for online retailers.
Amazons “FBA” business, allows you to ship products to Amazons warehouse and list them for sale on your Amazon storefront. The customer purchases your products, and Amazon takes care of the shipping, payment, and customer returns – in exchange for a commission. This strategy lowers the barriers to entry for new retailers and helps you to build a profitable business in a short period.
Trade the Markets
If the world of finance seems attractive to you, then why not try your hand at trading the markets? Trading stocks, bonds, commodities, or forex offers plenty of opportunities to make ludicrous amounts of money throughout the year.
However, you’ll need a trading education to teach you how to read price action, and you’ll need advice from a mentor to ensure you don’t make any significant mistakes that could blow up your account. You’ll start trading in a simulator with paper money until you think you are ready to take on the live markets.
Once you have your strategy, you could be a millionaire in months if you make the right trades. Some traders chose to work at it as a full-time job, while others may only trade the market open, leaving the rest of the day free for other activities.
Sell Your Photos Online
If you have a talent behind the camera, then you can sell your photos online. One of the best features of this model is the fact that your photo has an unlimited license. This strategy means that multiple people buy your picture, and it can provide an endless source of income.
Open an account and upload a portfolio of pictures on a stock image website, like Adobe Stock or Shutterstock. Every time a user downloads your image, you receive a royalty. While this may not seem like much, if you have an impressive portfolio, it could provide you with a residual income for many years.
Read: Make Money Fast
In Closing – Opportunities are Everywhere
If working online sounds like a dream come true, then it’s time to formulate an action plan to get started on your new career. If you are still working a full-time job, then start with tasks like filling out surveys until you save enough money to leave your job for a few months and start your online venture. If you currently have no employment, then check out the freelance sites for work.
If you are already financially comfortable, and can’t stand your job, consider looking into trading the markets or setting up an online e-commerce business. The choice of how you get started is up to you, take a look around the online world, and you’ll see that opportunities are everywhere
