In this article I'm going to rate seven
passive income ideas based on firstly
how hard it is to get started and
secondly how hard it is to maintain and
make money from it so whether you're
working a 95 and want some passive
income on the side or you're looking to
start a side hustle that you can scale
this will give you some ideas on
different things you can explore first
way you can make passive income is
through real estate and there are two
main ways you can do this the first is
by buying physical property and making
money through rental income for this the
barriers to entry are quite High you
need money for a down payment you need a
good credit score and then you need to
Source the property and find a good
tenant so in terms of getting started
I'd give this a three out of five and in
terms of Maintenance you can choose how
passive you want this to be so if you
want to manage your properties yourself
it will cost you your time or if you
want to hire someone or give it to a
property manager to handle it will cost
you money and so if that sounds like a
lot of work the second way you can make
money through rental income without
actually needing a deposit or managing
the property is through investing in a
real estate investment trust a Reit is
essentially a company that invests in
different types of properties there can
be hotels warehouses shopping centers
and then it rents those properties out
and from the rental income it receives
it's illegally required to pay 90 of
that income to its shareholders in the
form of dividends so in terms of getting
started and investing in a Reit I give
this one it's far easier to do and you
could buy publicly traded REITs through
a brokerage account like you would any
other stock and in terms of Maintenance
and how much you can make I'd give this
a two because you do not have the hassle
of direct ownership but you do need to
invest a fair amount of money to make a
decent return because you're not relying
on any leverage so for example segro
which is a reach that invest in property
around Europe is offering a 3.4 return
so to be able to make the equivalent of
around 140 dollars a month you would
need to invest fifty thousand dollars of
your own money but because these REITs
generally have long leases where the
Blue Chip tenants the rental income you
can make is relatively more reliable in
various market conditions number two is
being a Creator preneur this is being a
content creator but I've called it
creative printer to emphasize that to
make this a passive income stream you
need to think about content creation as
an entrepreneur and this is a middle
ground that isn't really tapped into so
on one side you can love creating
content but if you don't think of it as
a business it's just a hobby whereas if
you solely focus on the business side of
it you're going to burn out before even
making it into a passive income Stream
So you want to tie both of these
together for a platform like YouTube in
terms of getting started anyone could do
it you literally need a phone and an
internet connection so I'm going to give
this a one to get started the harder
part and what makes this into a passive
income stream is actually how long you
can keep this up full without seeing the
returns and this is where the
entrepreneurial side comes in setting up
the process hiring Outsourcing so that
you can concentrate on producing quality
content for as long as possible it took
10 months of making no money through
YouTube for me to finally be eligible
for the partnership program and now I
make hundreds of the day from YouTube
AdSense and most of that is passive
because it's coming through my older
article another example is Ali who last
year made 405 million from YouTube and
he spends a couple of hours a week on it
he also has a YouTube course on how he's
built this up and the systems he's put
around it I'll link it below if you are
considering it and want to check it out
but the hardest part of this income
stream is putting in the time and
staying consistent so I'm going to give
this a four in terms of Maintenance but
if you can get through that initial
phase you can make a lot of money
through YouTube and this is one of the
best passive income streams in my
opinion number three an online course
I'm a big fan of this one because
firstly as a consumer it gives you so so
much access to information that you
wouldn't otherwise have and from a
passive income point of view it's a
great place to make scalable income an
example of someone who has done really
well from this is cat Norton who started
a tick tock profile around tricks and
tips of using Excel those articles blew up
and evolved into her teaching others
about Excel through online courses and
in her first year from doing this
full-time she made one million dollars
in sales profit and now on a good day
she makes over six figures a day from
her courses which are completely passive
she made it once and now she sells it
again and again so how hard is this to
get started the real thing or the real
difficulty here is to identify what
value you can bring and what you can
teach to other people that they're
willing to pay for once you've got that
bit figured out it's about creating the
class and putting on a platform like
skillshare or udemy which doesn't really
require much in terms of Maintenance or
you can host it on your own website and
make sure you're driving traffic to it
so in terms of Maintenance there that's
the easier part and I'm going to give
that a two out of five the fourth way to
make passive income and this is the
truest form of passive income out there
and that is through dividend investing
the way to think about this is when you
buy a share of a company you now own a
little piece of that company and so if
it's paying dividends that means they
are taking part of their profits and
giving you a percentage in terms of
getting started I'll give this a three
because buying individual stocks for the
dividends requires a lot of research if
you don't want to be spending a lot of
time reading through all the financial
statements and the accounts then a
better way to make passive income
through dividends is by investing in
index funds this is the path that I take
and it's a safer way to earn dividends
than only individual stocks because
you're diversifying what you have
exposure to so instead of being focused
on one company and it's dividends you
now have pieces of lots of different
companies that will pay dividends in
terms of getting started I'll give this
one it's really easy to do set up a
brokerage account invest in index funds
but in terms of Maintenance and making a
lot of money through this I'll give it a
three because although you don't really
need to do anything with your
Investments if it's in an index fund to
really reap the benefits you do need to
keep investing and also reinvest the
dividends to buy more shares of those
index funds and then the real passive
income will be through the appreciation
and the capital gain side of it the
fifth way to make passive income is
through selling digital products so this
includes ebooks downloadables presets
website themes what I really like about
digital products is that it takes time
to create them but the costs are so low
and it's pretty much passive thereafter
so one example of someone who has done
really well from the S is Steve shoga
who has packaged up all the knowledge he
had learned through his day job about
design tips and bundled it up in an
ebook and according to an article online
he made a 2.3 million dollars from it we
all think we have to create something
revolutionary to make a lot of money but
that idea may just come from what we do
day to day most of us go to job daily as
an expert in our field but never think
to turn what we know into an ebook and
that's exactly what he did in terms of
starting I'd give this a two you really
don't need any money to get started but
the harder part again is actually coming
up with the idea that people will pay
for and in terms of Maintenance and
being able to make money from it I'm
going to give this a three out of five
because you can either put it on sites
like Etsy and people can search for it
or you could spend more time creating an
audience and creating content and use
that to boost your sales even further
but the most important thing is being
able to provide something valuable that
people are willing to pay for the sixth
passive income method is affiliate
marketing so this is when you promote
someone else's goods or services and get
a commission or a small percentage for
doing so so .and so I get a
percentage of that sale and it doesn't
cost you any more money for buying that
product through the link according to an
article online the national average
amount an athlete makes is 55 000 per
year and for me through that and YouTube
AdSense combined in the last week I made
nineteen thousand dollars so how easy is
it anyone can sign up and join the
affiliate program that takes literally
five minutes so I'm going to give that a
one in terms of getting started but the
hard part here is actually driving
traffic so whilst I say I made x amount
in a week actually it took me a year to
build a platform and build an audience
to get me in a place where I can make
that passively and so the affiliate side
is almost a byproduct of the amount of
work that you'd put in to grow that
audience in the first place and so to
really scale and make this passive you
do need a lot of traffic so you can put
it on your social media website your
blog your Twitter and the amount you
make from it is really dependent on how
much you're putting it up front to grow
those Avenues so with that said in terms
of Maintenance I'm going to give it a
four because it is a lot of work to keep
that traffic coming through organically
finally idea number seven of this
passive income stream video is
productized service this is a hybrid
between a product and a service making
money through a service is one of the
easiest ways to make money like editing
videos or one-to-one coaching but these
are limited they're capped because it
requires you to trade time for money so
it's hard to scale there's only one of
you so a productized service then is
turning that service into a product and
you're automating the process so that
you can eventually take yourself out of
the equation and that income can be made
passive so for example one of my friends
is a personal trainer and she used to
before the pandemic do one-to-one
classes and charged by the hour then she
built it into a productized service so
she offers subscribers 30 workouts per
month for 18 per month and she has about
4 000 people that are subscribed and
she's making monthly income from that so
she has ultimately made a package
service she's built an app she started a
subscription service and hired a team of
people so she spent a lot of time
building this up which is why I'll give
this a four in terms of getting started
it's not easy but now she has other
people that have stepped in and run the
day-to-day so other personal trainers
who record the workouts and upload them
or the marketing and she basically
oversees it all but it requires the
skill set to be able to get there and
make sure that value is consistently
being provided which isn't simple to do
and so even on the maintenance Side and
being able to consistently make money
from this I would give this a four out
of five so those are some passive income
streams to give you some ideas if you
have done any of these already I'm
curious to know what your experience was
with that and if you'd recommend it
yourself or if you have other passive
income streams that have really worked
for you I'd love to hear about it if you
did enjoy this article you may also enjoy
another article that I have and I'll link
it up here now on things that I no
longer buy even though I have built up
my passive income streams.
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