1. Write an sell a Kindle Book and publish it on Amazon
People are always looking for something new to read, and if you are particularly knowledgeable in an area
(or always wanted to learn more about it) write an ebook to publish on Kindle. Amazon makes it easy to
publish your books via the KDP Publishing platform, and it does not cost you a dime. I love working with Amazon
and will be posting a lot more about how this works in detail shortly
2. Place affiliate marketing links onto your blog.
No matter what niche you are into – from dog training to weight-lifting, there are affiliate programs out there
that fit with your content. Add these special links to your posts, and you can make money, each and every time
someone purchases someone from the companies you are affiliated with. One of my favorite passive income strategies.
You can create an online store – for example via Shopify – and sell products without ever having to carry inventory.
So instead of having to maintain storage and ship item yourselves, you capture orders and give the drop ship company directions on where to send the item to, of course for profit.
4. Build and maintain a youtube channel and get Adsense revenue.
Yes, you can get paid for creating a youtube channel. By now you have probably heard of people like PewDiePie making more than just a living on this platform, so trying to get a slice of that pie is not a bad idea. Pick a niche,
produce quality content, and publish regularly.
5. Start investing your profits.
Begin investing some of your passive income money into different investment opportunities to grow your portfolio. Begin small and work with a trusted advisor, but do not wait until you have a larger amount of money to begin to invest
6. Create a book review website
If you like to read, and also like to share what you think about what you read, this is the perfect opportunity for you.
With services like NetGalley, where publishers actively share new releases with bloggers in return for reviews, and
Amazon’s Associate program, where you can link to their listings via affiliate links, you can build a profitable
and interesting site, especially if you write about current releases on a regular basis. I have been reviewing for NetGalley for over three years now, and love working with them, as well as Authors directly.
7. Design for one of the product on demand sites, like Zazzle, CafePress, Society 6, RedBubble and more, and sell these items!
You can create funny, adorable or whatever you want them to be – designs, upload them to the above-mentioned sites, and receive a commission when they sell. Of course, you will have to do the marketing for those products, for example using your blog, website, social media connections of Pinterest, to drive traffic to those designs, but if you are willing to put in the time, you can continuously make money on these products. I just sold a vintage postcard last week, a design that I placed over a year ago onto Zazzle. It still makes my profit today! And that is just one of my over 200 designs I have on these platforms now.
8. Create a product, book or course out of the blog posts and content you have already written.
This is especially great for niche bloggers who have had an active site for a while now. You can turn what you have already written into profitable products that way, especially if you tweak it just a little to make it more current and up-to-date, as well as interesting. Food bloggers can take advantage of this, by creating their own cookbook, which they often do. The same goes for people who write a lot about health, or alternative healing methods. There are many opportunities for you to refurbish your content into a larger piece of content.
9. Create a Product-Review niche site, and use Amazon links to generate income.
the most important thing is that you go niche on this. A too broad subject review site will not get the attention of
consumers quite as fast as a niche site will. Amazon makes it easy for you to build a niche site on just about every
subject and product you are interested in. Your niche can be a coffee machine review site, or a site dedicated to
food supplements, the potential is as diverse and large as there are categories on Amazon. With a little bit of creativity, you can create quite a profitable site.
Question: Dou you have a favorite passive income stream you like to utilize? Is it on this list? If not, why not share your idea with everyone in the comment section? Thanks!