Social Media Magazine

9 Ways to Create PASSIVE Income Streams Without Investing Money

Posted on the 02 October 2017 by David Mark @Ataghan_micheal
9 Ways to Create PASSIVE Income Streams Without Investing Money

Creating passive income streams as never be easier. And practically anyone can do it. You don't even need to invest your money in other to get started because this method that I'm about to share with you is free and anyone can signup for it.However, I want you to know that all the income will be passive with little upkeep, you'll still have to do work in other to set everything up.

But the beautiful thing with passive income is that you only have to do the work once. And then you can collect profits for a long time this post, I will show you 10 ways to create passive income streams without your money.

1. Sell/Monetize Your Own Creations

Creating your own product will not necessarily cost you any money. However, you would have to spend time and energy creating something worth selling or monetizing.The beautiful thing is that you put initial work in once, and then you can generate a passive income stream when you're done.One thing you can create and sell is Photos. Get that camera and start snapping some pictures, because there is a lot of money to be made if you got a good short.There are many websites that accept good quality images, and every time someone downloads your image. You would earn money, the most popular site are Shutterstock, Istock, and Alamy.Shutterstock currently serves customers from more than 150 countries, and they've paid over $500 million to the people that have contributed with their images.One single photo can be sold over and over creating a comfortable passive income

2. Affiliate Marketing

The first few ways to generate passive income streams it to sell someone else's products. And one way to do just that is through Amazon affiliate marketing.

This's one of the most popular ways to generate passive income because it's soo easy.It's completely free to sign up, and the payment from Amazon will normally be paid out 60 days after that purchase. You can choose to be pay through amazon directly, or your Amazon account.And you can buy amazon product from your earnings, you can also be payable to your regular bank account, however, this option is only available if you stay in the US for now.Selling some else products is a simple way to create a solid passive income stream, but you do have to put some work, you haven't done any work creating the product.You're just a middleman who markets that product, this's a win-win situation.  because the creator of the product would make a profit, the medium maybe it's Amazon, Clickbank, or any other platform. They would also make a profit, and you would also make a profit.

3. Teespring

This's another way to create passive income streams, allow you to sell physical products and create your own brand or logo.
9 Ways to Create PASSIVE Income Streams Without Investing Money

The most popular items are a t-shirt, but you can also put your logo on other things like mugs or phone cases. They empower people to design and custom product, with no cost risk or hossle.It's free to use and you would earn money through selling the product you've designed, and teespring will take account for that.When you create a teespring campaign, who will be asked to choose a selling price for your product. The selling price is a combination of the base cost and the profit you want to earn per item.When an item is sold, you get to keep the profit. For example, the base cost of a t-shirt is $10, and your selling price is $24.When a t-shirt from your campaign is sold, you will earn $14. And once your campaign earns, you can request payment from your teespring account.

4. Ebooks

Another method to generate passive income streams is through an ebook. You can now become an author even without any envy education or have your previous work publishing on a fancy magazine.

If you have the ability to note down some engaging sentence and turn them into a few pages. You can publish that as an ebook.The most proper way to publish an ebook is through amazon kindle direct publishing. It only takes 5 minutes to publish the book, and it would be available for around the world within 24 - 48 hoursMaybe you have some old school project that you're proud of, they might be valuable to a lot of people, clean it up, shopping it out,  and you could be on your way to becoming a published author.To publish ebook through Kindle direct publishing is completely free, and you would earn a royalty on your sales.Amazon will typically take 70% of the profit if you decide to price your book between $2.99 - $9.99. However, if you price it below or above that, they would only take 35%.This means you would earn more by pricing your book at $1.99, then $2.99.

5. Blogging

Starting a blog would actually cost you some money. You need to pay to get a domain name, which will cost you around $10/year to own, and you would also need a host to store all the information which is $4/month, depending on which web hosting you decided to go with. You can take a look. Top 3 Best Web Hosting For WordPress 2017Also, Read HostGator VS Bluehost! Which Is BEST For WordPress Hosting

Having your blog create a whole bunch of opportunity to create streams of passive income. You would be much more likely to have a successful blog if you write about something you really enjoy.When you created a blog, the next step is to monetize it. One of the easy way is through Google Adsense program. When someone visits your blog and decided to click on an ad, you would make a profit.However, you would only make a few cents per view, but with a lot of traffic, it would add up.A blog is also a great place to recommend product and services through your affiliate link.

6. Online Courses

Creating a course take a lot of time, but if you manage to get through it, there is a high chance of goal be at the end of it.

You put your price on the course, and as you know by now, people would market your product for you, and you can sit back and watch the profit stream in.There are many sites that allow you to create courses such as Teachable, Skillshare, and Udemy.Courses usually include videos, ebooks, and other platforms that let you explain solutions to people problems or feeds their needs.They might sign up to purchase the course, and your system automatically emails them everything they need to access the material.

7. Envato Market

You may want to check out if you're a creative person, and skill with different software. Making music or videos.

You can create a template for WordPress site through Envato theme forest, and everytime some decided to go with your creations, you would get paid.If you are skilled with creating music, upload some skill tunes to audiojungle, and you would create a passive income stream if people buy your tunes.Even if you don't skill set yet, it's always possible to develop as a lot of courses to teach you how to make WordPress theme, photoshop action, and so on. 

8. Youtube

Youtube video is also a great way to create passive income. but it requires a lot of time and commitment.

Every time someone watches some of your videos, ads can appear on the side, before the video start, or sometimes even in the middle of the video. This ad is what will make you earn money. And sometimes, people don't even need to click them, and you would still make a profit from it.You would also have to be aware of the policy & terms. So you don't violate anything to get your channel band.It's also easy to have your video demonetize if you put someone else content in your video, and they make a copyright claim on it. This means you would no longer get paid.Quik TipAlways go for evergreen content for secure a long time passive income. Evergreen content is something that would be relevant today, as it 10 years from now, such as How To Lose Weight.

9. Patreon

The last source of passive income that I would talk about is Assume you have some kind of following, and people appreciate what you do, you can set up a patreon account, and let your follower donate to you on a subscription basis.Your follower can decide how much they want to donate to you, and over 150 million dollars as being sent to patreon to this day. However, to show you an appreciation for patreon, you would have to give them something back.Such as exclusive content, or behind the scenes stuff.There you have it, 9 ways to create passive income stream online, am very sure you got something out it. Do enter your email address below to get our free daily update.

Back to Featured Articles on Logo Paperblog