Produce YouTube videos: Upload videos you have produced onto YouTube, and receive an income stream off of advertisements. Write a book: Write a book, e-book or record an audiobook on a topic you know a lot about, and watch the royalties flow in.ĭesign an online course: Offer an online educational package, including videos, ebooks and other learning modules for purchase. Participate in affiliate marketing: Get paid to recommend products, offer courses and serve advertisements on your blog or website. 16 Passive Income Ideas That (Actually) WorkĬreate an authority blog: Establish yourself as a valuable resource by publishing a blog that educates and entertains a specific audience. Most commonly, however, revenue streams are earned through real estate or other business investment activities. Residual income streams can come from entertainment royalties, such as from books, songs or movies. Revenue you continue to earn after your work has been completed is categorized as residual income, under which passive income falls. This can include salaries, tips or commission, for example. Active income is the most common type of income associated with most traditional jobs, through which you earn money as your perform a service. To get a better sense of how passive income streams work, it is first important to understand the difference between active vs. In this sense, the term “passive” is loosely defined, as different types of investment activities can require different levels of involvement. In most cases, however, individuals are required to put in some type of initial investment and legwork into an activity in order to create an income stream. The IRS, limits the definition of passive income activities to trade, business or rental activities for which you do not materially participate. Passive income is defined as revenue earned through investment activities that do not require the habitual, active involvement of the investor. With that in mind, here are sixteen passive income ideas you can implement in 2018 (and beyond) to generate additional passive income - without getting an MBA or swinging for a single “fence.” What Is Passive Income? It’s far better to approach passive income creation strategically and come up with passive income goals that align with both your skill set and your expected return on investment. Some passive income streams are little more than entrepreneurial versions of “swinging for the fences” in the hopes something works. There may be no more pleasant-sounding phrase in the English language than “passive income.” That’s because, as the name implies, passive income suggests money being made - and bank accounts padded - without expending additional time or effort.īut not all passive income ideas are created equal. Creating passive income with real estate will sometimes require you to put in some legwork upfront so that you can enjoy the spoils of your efforts later in life when you need them the most.There are a large number of passive income ideas, which can range from listing a room on Airbnb to investing in REITs.
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