Passive income is easy money.
Well if its done right and if you look at the long view. Though, it can take a lot of effort to create streams of passive income. But since this is income which continues to come in long after your work has ended, it might be considered easy for the amount you make.
Passive Income Ideas 2018
Here is a list of passive income ideas you can implement in 2018. They range from simple ideas to more complex ideas requiring higher capital to start off.
1) Real Estate Investors
Buy a strip mall, hire management, and have the cash flow deposited into your account - a classic form of passive income. Apartment buildings and rental condos are other possibilities. But be sure there will be enough income to cover management fees. If you have to manage it yourself, you just bought yourself another job.
2) Inventors - This could be a difficult, but fun one. Inventions are often licensed to companies, which means that as long as they keep selling, the inventor has regular royalty fees.
3) Writers - Authors typically get about 5% of the retail price of a book, and those checks could keep coming for decades. Sell e-books from your own web site, and you can keep 90% of each sale, with nothing to ship. Have a processor handle the orders (that's where most of that other 10% goes), and you'll just have to answer an occasional e-mail.
4) Musicians - Create a hit song, and you'll get royalties as long as people still want to hear it. Don't sing? Song writers get royalties as well.?Insurance Agents - When you sell a policy
, you normally get a commission every year when the customer renews. Insurance agents have been known to retire young with a healthy stream of passive income.
5) Buy Stocks that pays a good yield
Research on Stocks that pays good dividend. From time to time, you may find businesses whose stock may have gone out of favour with wallstreet. When this happens, their stock price will temporarily drop while ethy are still paying a high dividend. Some good companies that still pays a nice 6% yield today includes Shell, Vodafone, LB Brands (Victoria Secret) and Glaxosmithkline, Rio Tinto. This means for every $100,000 invested, you will receive a nice passive income of $6,000 a year. If you have a million dollars, that is 60,000 of income yearly. This should cover most of your daily expenses.
Passive Income Ideas 2018
For Online
If you are an internet person and savy with online. These are some passive income ideas you can try for 2018
1. Create ebooks.
You can get more profits if you publish it yourself. However there are certain advantages if you let publishers market your book. Publishers know a lot of sites where they can place it because they have more experience. Ebooks are easy to download, you only have to create one and anyone can download it even when you?re not there as long as they pay for it or as long as they?re subscribed. Of course there are certain rules that you have to follow like getting ISBN number for your book.
2. Create downloadable learning tools like CD.
If you are an expert on something and you would like to use your expertise to educate people then creating downloadable tools is just perfect for you. You can make a class wherein people learn through listening to your voice and you can charge them to pay for it. If customers like you, they will just keep coming back.
3. Create a blog that is supported by paid advertisements.
Write anything that interests you. You can also link your blogs to other programs that offers site traffic. An example is the google adsense. It is very easy to set-up an account. It is available worldwide. They pay for every click on your blogs? ads. Payments vary according to the type of advertisements that shows on your ads. However there are certain keywords that can attract advertisers to bid for a place in your blog. Just always bear in mind that do not click your own ads because it is a violation. If they learn about it the adsense team will automatically terminate your account.
5. Make an online magazine. You can get people to subscribe, participate in the forums and submit articles for you. You can publish it monthly, quarterly, whichever you like.
We hope these passive income ideas 2018 will help you generate more residual income. Remember Passive income continues after your efforts are done, and without much effort on your part.
