Small Business Opportunity IDEAS
Most passive income ideas will either generate poor returns or consume lots of your time (not very passive!). So the question is…what really works?
I’ve spent 100s of hours thinking about all sorts of crazy ideas for making passive income online…
From the smart ideas like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, I’ve thought about pretty much every passive income stream there is.
During this time the one thing I wanted more than anything else, was a big fat epic list of ALL the possible passive income streams there were.
Everything in one place so I could compare them and work out what was best for me.
Unfortunately no one has – even till this day – made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream from my head, my notes and the world wide interwebs!
What is passive income?
When I say passive income, I’m talking about what happens after you do the hard work up front.
ie first you need to haul ass and do something crazy, eg write a quality 20, 000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning as sale after sale after sale is made…on an ongoing basis and without any additional work. That’s some seriously Pina Colada flavored passive goodness!
As you can see passive income streams simply come from assets, and assets are either bought with money (eg rental property) or in the case of most of the ideas below, bought through sweat (eg ebook)!
Let’s get started…
The much loved model for bloggers and content creators everywhere and for a good reason…it’s pretty easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates. Hells yeah! Continue reading >
Who doesn’t like some down and dirty affiliate fees?! It’s even easier to make money this way than with an ebook, because all you need to concentrate on is pumping out the content for your own site and getting the traffic in – most people can get an affiliate sale within 30 days of starting a blog. Continue reading >
Investing is arguably the easiest way to make passive income. The problem is most investments sound good in theory but don’t work out so well in practice. And if you don’t have much experience or access to capital, let alone the time to work it all out, it can seem more or less impossible. However, there is one smart way to invest that just might work. Continue reading >
We’re talking a members-only multimedia-driven website here. Straight up I have to say, this is a looooot of work. I’ve done it and it nearly killed me. Continue reading >
I really like this idea, but must confess I’ve never earned passive income from a setup like this before.
This idea is for those of you hell-bent on making some serious passive income online.
There’s a lot of work upfront and by comparison to other ideas, there can be a fair bit of work on an ongoing basis. But if you automate as much as possible and/or hire a VA in the Philippines for example, you can get it down to just a few hours a week. Continue reading >
I want you to think very specific here…
You can make $1000s a month with this idea, easily!
Think simple Google-friendly content site with a high converting inquiry form for capturing details (maybe even a free report attached to that or something else to boost conversion). Continue reading >
For this one it’s easiest if I give you an example I’m thinking of launching next month.
Build and SEO optimize a website for people looking to convert 8mm home videos to DVD / USB. Continue reading >
Oh hello bankruptcy!
Haha, nah apps aren’t that expensive to get made anymore. And if you want to create a mainly info-based app there are plenty of easy to use programs online for DIYing this for a couple hundred bucks. Continue reading >
Joking!! Got you! These suck big time.
I’ve read so many blow-by-blow financial accounts of these businesses and in no way can they add up to profit, apart from the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. Continue reading >
This is so tried and true it’s not funny.
If you buy at the right price, at the right time, structure the deal so it’s good for your personal taxes and achieve full occupancy – and most importantly, then do this again and again – then just pour yourself a freaking Pina Colada son, because you’ll be retiring by 50. Continue reading >