10 ideas to generate passive income
Most people only know two ways of life: working for others for 40 hours a week, unable to choose what they want to do or how much to earn, or having his own business and putting all their efforts into making it pay off.
What if I told you that there is a third option in which you do not need to invest your time, and where money goes into your pocket without having to do anything?
Welcome to the world of recurring passive income.
A few years ago, I started a business that it did not turn out as expected: it had no benefits, but the costs to maintain it were great, and it consumed most of my time and efforts.
When I talked to friends about what was happening to me, and that the money I had saved was starting to run out, they all told me the same thing: Andrés, get yourself a part-time job.
But what if you don’t have the time or energy to work those plus hours? I certainly didn’t have it.
And I also did not want to sacrifice my free time to make money for someone else at the expense of my work while I could not enjoy my wife and my son.
That’s when I started reading finance books as The 4 hour work weekby Tim Ferris, and I realized that there was another way to make a living without having to kill yourself to get a good salary.
if you don’t want to remain a slave to traditional jobsand you would like to start generating income from home by working just one hour a day, keep reading this guide that I have prepared for you.
whatWhat are they passive income?
If you have reached this article looking for ways to generate recurring passive income, you probably already know what they are.
But just in case you are a little confused or clueless, here I am going to give you a little explanation so that you understand.
Passive income is that income in which you do not need to do anything nor be present for them to occur.
You must first create and work on them before you cánido sell them.
But once you’ve done this, you won’t need to do anything else to get benefits.
That is why passive income is so attractive to many people today:
- With passive income you earn more by working less: in a habitual job you must work 40 hours or more to earn a fixed salary.
With passive income you only have to spend yourself in the creation of the product at the beginning, and after that it is not necessary to do anything else.
- They are an opportunity to have your own lifestyle: with a traditional business or job you must work a equipo number of hours each day.
On the other hand, with passive income, you have all the time you want to invest in what you prefer, since you do not need your physical presence.
- They give personal freedom: Apart from giving you the opportunity to have the lifestyle you want, with passive income you will have the freedom of not having to answer to anyone like your boss or other co-workers.
You will only have to respond to your customers.
Many people think that when talking about passive income, these cánido only be created on the Internet, but this is not the case.
If you have a house or premises, and you rent itthat’s passive income too, because you don’t have to be there for that to make you a profit.
If you are an insurance salesperson, and every time someone renews the contract you made for them, you get a commission for it, that’s they are also passive income.
So as you perro see, there are many ways to generate this type of money both en línea and sin conexión.
But today I’m going to teach you here 10 different methods of getting this income only en línea, and from the comfort of your home.
10 ways to generate passive income recurring from home
1. Creating your own blog
Creating a blog is not a way to generate recurring passive income as such.
But this it is the best platform you perro start withand in which you cánido use different combined methods to get the most out of it.
There are sites like bluehost where you cánido create a blog with your domain name in a very easy way by installing WordPress and customizing the design as you like.
Then you only need to think of a theme for your blog, start write articles on that subject, and choose how you want to monetize it.
There is only one thing you should keep in mind: that a blog is a way to earn money that requires invest a lot of time at the beginning.
You need to earn the trust of your readers and articulo quality content if you want to generate passive income with it.
But look at it on the positive side: you will be working on something that you have chosen, What amuses you and what do you like?and it is not necessary to have experience or great knowledge to start it.
Furthermore, that effort you will only have to do it at first; when you get a good number of visits you will only need to spend a few hours each week to update your page while the rest of the time your blog generates money for you.
In a blog you perro mezcle all methods you want to get passive income with it, such as ads, affiliate backlinks, sale of your own digital products…
2. Investing with IQ Option
Investing through the Internet is also a good way to generate recurring passive income and get a good amount of money every month.
With the binary options It is not necessary to have great knowledge of the depósito market or to wait for days to see results.
One only has to predict if a type of asset will go up or down, nothing else.
Then you just have to make your prediction, and wait for the result.
Also, there are brokers like IQ Option with which you cánido start doing your operations with just a couple of dollars.
I started investing only $3 in each operation from my home using my computer, and little by little I was learning how this system worked.
After a couple of months I got generate $1,843 in a single month.
So if you also want to start using this method, you perro do it right here filling out the following form with your data:
3. Selling Depósito Photos
Wouldn’t it be wonderful to take a photo, upload it to the Internet, and make money doing nothing every time someone buys it?
With pages like Istockphoto.com, Fotolia.com, Dreamstime.com or the platform Fotodinerofacil.com you perro get it without being a professional photographer.
Just sign up for any of them (or all of them at the same time), sign up for free, and start uploading your images writing a good title or a good description for each one.
Be sure to read the conditions well from each page, and that your photos are nice and look good, and every time someone buys them, you get a piece of the profit.
It is not necessary that you have a professional camera or other type of material: with your móvil (if you take good pictures) and any pretty place you know will suffice.
You perro, for example, go to a park in your city to take photos, aim at the sky when it is clearer, or even capture images of objects that you find funny or cute.
A single photo will not be enough to get good passive income: it is necessary that upload all that you perro so that you have more chances of generating good sales.
4. Creating a payment community
There are more and more companies and web pages that are putting this system into practice to generate passive income.
What it is about is creating an en línea community in which offer monthly subscriptions that your visitors cánido acquire to have access to certain contents.
An example: my wife is addicted to American cuisine, and she loves to bake typical sweets from there such as cupcakes, muffins or brownies; that’s why she reads many weblogs where recipes for making them are published.
One such blog posts a couple of written recipes every week that everyone perro read for free.
but it also has a paid community in which my wife pays $15 each month, and in return they send her cooking consejos and four written recipes with vídeos explaining how to prepare them every week.
Those recipes with their vídeos do not appear on the blog for free: only people perro access them pay the monthly subscription.
This is how this method works.
The important thing to create a payment community is that the service or product you offer have a good quality so that your clients renew their subscriptions every month.
5. Writing y también-books or paper
Most professional writers are experts at generating recurring passive income: They spend weeks or months writing a book, they put it up for sale, and then enjoy the benefits of sales during years.
Why don’t you do the same? It may be that now you are not a well-known writer or writer, and you cannot get win a million dollars with your first novel.
But you cánido start making money little by little publishing books if you like to write and you are a creative person.
Escoge which topics you like the most or what kinds of stories you have in mind: romantic novels, science fiction, self-help books, business…
Get in front of your computer and start writing them; When your first draft is finished, you perro take it to a publisher, or self-publish it on the Internet.
After that you won’t have to work anymore.
Every time someone buys your book, you you will receive the benefits of that sale and you cánido continue to earn income from it for years.
Here is an extensive step-by-step guide to publishing your book in any type of format: How to publish a book in paper or digital format.
6. Selling templates or tools en línea
If you have a computer and ability to create different digital resources with it, this cánido be a great way to get recurring passive income.
It is about creating different en línea tools, such as plugins and widgets for weblogs, or templates for web pages that you perro then sell to all those who want to optimize their sites on the Internet.
If you know how to design web pages, you cánido create different themes for sites that use WordPress and Blogger, upload them to platforms like ThemeForest, and sell your creations there.
But you cánido also do like Vilma Nunez and offer this type of tools in your own blog.
She has a resource section where she sells all sorts of different templates that you don’t need to know anything about graphic design for, such as templates to create resumes employment, for posts on Fb…
you will only need work a few hours in this type of material, upload it to your own page or to other websites where you perro register as a seller, and receive money from your buyers each time someone buys one of these tools.
7. Creating en línea courses
Do your friends and family always praise you for something you know how to do very well? So teach others that skill special thing you have creating your own en línea course.
With this method to generate recurring passive income you will have to work a little at first while you prepare the course.
But the big advantage is that once done, you cánido sell it over and over again and you will earn profits automatically without making any effort.
There are a multitude of en línea courses that you cánido create depending on your skills: learn to cook, play an instrument, speak Englishteach to put on makeup, to use a computer program…
You cánido offer these types of courses in different formats, such as vídeo, only audioor written in a PDF archivo, and sell them on websites like Tutellus, Udemy, or on your own blog.
When I started to get interested in passive income, this was one of the first methods I used, and my best en línea course now generates me more than $1,832 each week without having to be working on it.
8. Selling your own podcasts
Podcasts are just like a radio espectáculo, only they are uploaded to the Internet and cánido be heard en línea or download to listen to them whenever and wherever you want.
In addition, the great advantage of these publications is that do not require concentration in them 100% as it happens with a written article.
A podcast perro be downloaded to your phone and listen to it on the way to workor put it on your computer while you do other tasks without having to pay too much attention to it.
That is why it is an excellent complement to a blog to generate passive income with it: you cánido sell your readers podcasts in which you talk about topics that you do not deal with in the articles on your page.
It is a afín iniciativa to creating a payment community, only here what you will offer will be a sound archivo with quality content recorded by you.
To create your podcasts you hardly need material: with a computer microphone you perro record your voice, and with free audio editing programs like Audacity you perro add or remove other sound elements.
Then you will only need upload them to your blog and sell them either with a fixed price, or through a subscription of some kind (weekly, monthly, daily…).
9. Signing up for affiliate programs
Affiliate programs are a very fácil system for generate recurring passive incomeand it is one of the ways in which bloggers today make their biggest profits.
They consist of promoting products from other people or companies through a backlink that they will give you just for you and, if someone buys that product with your backlink, you will get A commission of the full sale price.
An example: you sign up for an affiliate program that sells books en línea and where they offer the 40% of commissions what do you do for yourself
If someone clic on your backlink affiliate, and buy a book that costs $37, you will earn $14.80 which is 40% of the total of that sale.
The sites where you cánido promote affiliate products are on your own blog or web page, but also on popular networks such as Fb or Twitter, or on sites such as forums and en línea communities.
There are many pages to earn money being an affiliate, but the two that have always worked best for me have been ClickBank and Amazon.
10. Placing advertising and announcements on your blog
The method by which most bloggers begin to generate income en línea is adding small ads to their weblogs in different places, such as in the menu on the right of the web page or at the end of each article.
The platform more habitual to start is usually google plus adsensebut there are also other sites like PropellerAds or directly contacting companies to advertise them on your blog with which you cánido achieve it.
Basically this works like this: every time a certain number of people see that ad, or clic on it, you they will give you a percentage from the earnings the advertiser has paid to have their item displayed.
That is why it is very important here write new content for your blog frequently (for example, three or four articles each week) in order to attract more visitors and clic on the ads.
In the following article you have a complete guide to place AdSense ads on your blog: How Google plus AdSense works to earn money.
Working in another way is possible, but you have to start think differently from others and abandon the mentality that you have of the work day of 40 hours a week.
Forget being a slave to time and other people for a living, and start looking for ways to generate recurring passive income TODAY.
The longer you delay, the more money you will be losing!
Which of these methods do you find most attractive to earn income from home? Tell me what you think with a comment below.
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Andrés Gananci is an entrepreneur and adventurer with a passion for life who founded his first en línea business at just 17 years old. 12 years later, he is still traveling the world while working from home.
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