Article in Question: https://www.entrepreneur.com/article/282634
I see these articles floating around and as a poor sucker I honestly go out and see if I can make money in new ways. Now some of these ways do work but not everyone can pull it off. It requires some form of destiny to make it happen.
1. Start a blog.
Perhaps the most popular way to earn a passive income is by launching your own blog. It only takes a couple of minutes to set up and is cheap to start – just purchase your domain name and pay for hosting.
Ok, I had a blog for ages (granted I change hosts and want a fresh start) it’s not so ideal a way to do it unless you got a network of friends to back you up… and I mean FRRIIIEENNNDSSS… in the hundreds. Even I only make a few pennies a week with AdSense first year of running a blog. Unless you’re good with writing (not my forte) foresee no one giving 2 clicks to your blog anytime soon.
Sorry for being pessimistic on this but it also requires a lot of knowledge in SEO, website design and hours to think of articles as we getting robots making articles today (or rewriting articles to make it seem original) however there are great writers out there and maybe you might be one of them. You have the odds against you but great writers never really got greatness at the start but when they were sticking with it for so long to get that fame and title.
2. Sell your own information product.
If you’re knowledgeable in a certain area, then you can start creating products, such as eBooks or videos, and selling them on your blog. It may take a lot of work to create and market your products, but once all the leg work is over, you can just set back and collect the proceeds.
This is possible as I worked for someone that did seminars. It requires that charisma and intelligence that make a speaker that people like to listen too. This isn’t the same like Let’s Players for example but having proof can backup your points and always delivering.
However, someone can undercut you at any time that knows the systems like you do. Heck, I keep hearing about the next big SEO expert that knows how to keep themselves on the top every day. However, they get forgotten when google or another search engine change their systems.
3. Earn royalties.
If you’re a talented musician, actor, or author, then you could earn royalties from your work. In other words people will pay you for using your work or creative assets.
This is ~Possible~ (Shark Tank has the Royalties Guy) with some form of capital if you have talent or money. However, I don’t see this turning a profit without some decent math behind you. Maybe if your able to make harry potter stuff then this becomes an open door.
4. Create a membership community.
If you’ve proven yourself to be a authority figure, then you can create a membership community where you pay a monthly fee to receive additional high-quality content and information that’s not available to non-members.
Ok, I considered this but I dealt with groups like this… Goonswarm (Eve Online Alliance) does something like this which been a staple. Also having a paywall isn’t worth it without a community to back it up.
But I like being more transparent when it comes to operations to a point. Unless it was worth it, in the long run, I would prefer to avoid this for my community anyway.
5. Install an autoresponder.
Another common online business model is using autoresponders to sell services, products or memberships.
I hate robots in e-mails, that seem personal or you want to talk to someone but this is a way to do it if you got your e-mail out there. I wouldn’t recommend spamming people… that can get you into trouble in rare cases.
6. Flip websites.
If you’ve put in the time and effort in building a website and you have gained a lot of traffic, then you may be able to sell it to an interested party by listing on marketplaces
The market for this is very saturated with people that try to do this that profits from it aren’t easy. Good traffic sites are not cheap as well. If your able to get a popular domain for the cheap that blows up later. Like has a growing or exploding following, this is like playing the lottery and can end up against you.
7. Sell physical products.
Just like with a blogging site, there are several ways to earn a passive income by selling physical products.
This isn’t 100% passive and like all things will need the effort to get running. I have seen people do well on eBay when it was very decent and lose all their momentum because of change of policy which can be killer if you winning from the system that changes because of some lawsuit or greedy measure to get more of the cut.
8. Invest in stocks or shares.
When you invest in stocks you become a stakeholder. That entitles you to a share of their profits.
Capital Required, and not everyone has this kind of money. If your a lucky dude with enough stakes out there in the market then maybe you can really make some reason dough… Specially in a company that bakes.
9. Peer-to-peer lending.
Capital… so much Capital to start out…. I could see doing lending at lower amounts like 5k if you saved up enough from your stocks but not everyone has funds for that.
10. Rent out property.
Thanks to Airbnb, you can rent out your home while on vacation or your vacation home when not in use.
I wish I had the property that I would do this easily… however, if they damage the property then it can be counter-productive then setting up everything yourself with a 3rd party management firm.
It’s somewhat risky if you don’t know the people and lack decent insurance.
11. Hire a middleman.
This is also known as arbitrage and is basically where you have someone else do the work for you.
This is what my father does… It takes someone with some ability to handle people to do this. If you got some close friends overseas (Poor countries) with skills that need commission then this will be perfect for you.
But to really make money is to have it already.