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Startup Streams

26x Side Hustle Ideas Passive Income

Passive Income Side Hustle Ideas...

 

With the rising cost of living, many people are turning to side hustles in order to make ends meet. There are many options when it comes to earning extra income, but passive income is by far the easiest. Passive income is money derived from an investment that requires minimal effort on your part. One great way for anyone to start earning passive income is by starting a blog and selling ads on it.

 

Build Assets

Build assets for side hustles is a way for individuals to set themselves up with the necessary items and environment in which they would be most productive. This includes making sure that one's desk is clear of distractions, or that their bedroom is free of clutter. Some people may believe that one needs to work in an office setting to do their best work, but there are many individuals who prefer working from home.

 

Buy a Cash-Flowing Business

It is an investment strategy that benefits the investor by providing substantial tax advantages and a predictable cash flow. It can be a very effective tool in wealth accumulation and may also provide the investor with a steady stream of income, often from passive sources. The buyer of a cash-flowing business typically does not have to invest in the management of the business - it is all handled for them by the people who own it now.

 

Buy a Cash-Flowing Website

Buying a cash-flowing website is the act of purchasing an online business which has an established customer base and strong metrics. Typically, these businesses are domain name or website based, but can include mobile apps or social media companies. The person buying the business will then pay the owner of the business in installments over time in addition to putting down a cash deposit up front.

 

Buy Cash-flowing Assets

When buying a business, the goal is to buy a business that generates cash. Cash-flowing assets or businesses are very important for start-up ventures because they generate cash right away. They will help to pay for the purchase of other assets and they can be used as collateral for loans. A cash-flowing asset is an asset that has the potential to generate positive cash flows (basically, revenues minus expenses).

 

Sell Digital Freelancing Guides Online

There are 830,000+ registered freelancers on Fiverr (and counting), all competing with one another for the custom of people looking at outsourcing various services. However, how do these freelancers all compete with each other? Whether on a freelancing marketplace or providing services privately, the paradigm shift from employees to freelancers has meant greater demand and greater supply. But how can a freelancer look to compete in such a crowded industry? The solution would be for you to offer a freelancing guidebook to help freelancers with getting a competitive edge over the competition. You, this freelancing online business for sale and our marketing resources with support can help freelancers get into the industry, where to find customers and deliver. Who do you know who wants to work freelance instead of working for an employer? Sell them the solution…

 

Buy Commercial Real Estate

Buying real estate, in the business sense, is the act of buying a property for an area. This can be done by investing in commercial property or homes to increase cash flow.

 

Buy Dividend-Paying Stocks

A stock that pays a dividend is one which you can buy and then collect dividends from. This can be an extremely lucrative investment, as the dividends will be paid to you regardless of how the stock markets fare. You can also use stocks that pay dividends to generate income on your investments.

 

Buy Part of a Farm

Buy Part of a Farm for Passive Income is an agricultural land which regularly produces crops or livestock in large quantities. Renting or leasing the land to farmers allows you to collect rent regularly while still earning the profits from crops and livestock without having to do any work yourself. The original owner retains ownership of the property, but the renter/lessee has full use of it in exchange for regularly paying rent or making lease payments.

 

Cashback Sites

Cashback sites are sites that offer compensation for purchases made through the site. These can be apps or web pages that collects data on what you buy and then gives you a rebate for it. The amount of the rebate varies by business, but often ranges from 5-10%. It is a simple way to make passive income without doing anything.

 

Collect Ad Money from Youtube

Collect Ad Money from Youtube is a YouTube program that pays you for your time watching advertisements on your YouTube videos. It's best to use this tool when you are in the process of creating videos because by watching ads, you can make money passively! It's a great way to make some extra cash without too much work.

 

Sell Guides About Make Money Online

Making money online is a great goal for many. The internet is full of money making resources as new technologies enable us to make money selling from anywhere to everyone everywhere. But as millions of people search for the illusive ‘passive income’, spurred on by many success stories, the market for quick wins in the ecommerce space has become crowded and oversaturated. However, whether someone is looking to be their own boss, looking to replace their current 9-5 job or for a simple side hustle to supplement their income, there is always a solution. The solution would be for you to offer a range of guides to make money online to people looking to find financial ease. You, this make money online business for sale and our marketing resources with support can help people to get into ecommerce. Who do you know who wants to make an online income? Sell them the solution…

 

Develop an Alexa Skill

Developing an Alexa Skill for passive income is an excellent way to establish a new revenue stream for your business. Alexa Skills are interactive voice-based programs that can be tailored to suit various needs, such as telling jokes, answering questions, playing games, ordering food, etc. One of the most popular skills on the market are trivia games where you answer questions for points.

 

Flip Raw Land

Flip Raw Land is a company that finds, purchases, and sells land with the intention of reselling it. They have been known to purchase land from people who are not able to sell it themselves. The company then resells the land either as an individual lot or as a larger development.

 

Get Easy Cash Back

Get Easy Cash Back is a cash back program that rewards consumers for their everyday purchases. Get Easy Cash Back provides a new way to earn cash back on purchases, build frequent shopper bonuses and offer support to the communities they love.

 

Laundromat

A laundromat is an instance in which you could potentially make money off of your home by opening the space up to the public. The Laundromat business model is ideal for people who can’t afford starting their own business, but still want to create income. It is an example of a cash-flow based income because it relies on passive income, meaning that one can work in other fields and still earn money from running this type of business.

 

License Your Work

Licensing your work for passive income is a strategy for creating high-value content and monetizing it through the sale of licenses. Passive income often involves licensing to individuals and businesses at a per-seat or per-user fee, usually in connection with using the content in multiple venues such as virtual classrooms, digital libraries, and webinars.

 

Sell Digital Finance Guides Online

If you can’t manage $100, you can’t manage $1,000. If you can’t manage $1,000, you can’t manage $10,000. And, if you can’t manage $10,000 you can’t manage $100,000. If you wish to become wealthy, it starts with basic money management. There is a reason why people want a bigger house, a more extravagant holiday and faster sports car but can’t afford it. People lack the personal financial skills needed to manage basic daily finances. The solution would be for you to offer a series of personal finance guides to help people get a hold of their finances. You, this finance online business for sale and our marketing resources with support can help people save, manage money and achieve financial independence. Who do you know who needs to control their spending? Sell them the solution…

 

Network Marketing

Network marketing is a company where people are investors or distributors. Investors are the ones who put money into the company, and distributors are the ones who go out to find potential customers for this product. They have to work towards their own success by recruiting others to be distributors as well. The distributors are paid off of what they sell to their customers, but they also earn commissions on any sales that their recruits under them make.

 

Play the Substitution Game to Save Money

The Substitution Game is a strategy that can be used to help people save money. Similar to the game you play with letters, the goal of the game is to find which items are cheaper in order to substitute them for more expensive items. For example, instead of purchasing a gallon of milk for $3, one could buy two quarts of milk for $2 total. This savings would be at least 25% off, depending on how expensive the item is.

 

Refinance High Interest Debt

Refinancing high interest debt is when you take out a new loan with a newer, more competitive interest rate in order to pay off the old higher-interest loan. The purpose of this activity is to save money on the monthly payments because the new cheaper interest rate will reduce the amount of money you have to pay back.

 

Rent Out Useful Household Items

Renting out household items is a popular way to supplement one's income. Items that are in high demand for this purpose are furniture, clothes, kitchenware, toys, and books. However, some items are not seen as valuable to be rented out. These include dishes, furniture with visible stains or wear-and-tear spots, appliances, and linens.

 

Rent Your Bandwidth

Rent Your Bandwidth for passive income. This is a service that allows you to donate your computer’s internet bandwidth to other people in need of an internet connection, for example, those who live in regions where the options are limited or they do not have any. You can also generate money by renting out your unused bandwidth for passive income.

 

Sell Assets

Investing in assets with low risk and high returns, such as stocks and bonds, can be a great way to generate passive income. It's important to diversify your portfolio and make sure you understand the risks involved before making any investments.

 

Share Your Data

Sharing your data for passive income is a way to generate an income passively in exchange for providing large corporations with your personal data. The personal data can be anything from browsing habits, location data, purchase history, social media presence and interactions, all the way to the type of phone you have. In return, companies provide you with a monthly stipend that can range anywhere from $5-$200.

 

Subcontract a Service Business

A Subcontract a Service Business is a passive income which allows for tax benefits because the company is not making any capital investments. This type of business relies on the labor of other entities to provide the services that it needs to operate, and does not take an active role in any part of that process beyond investing in necessary equipment and materials. These types of businesses often require no more than one clerk, if anything at all.

navigate_before Post by Eddie Eastman, CEO Startup Streams

“We are here to kickstart your ecommerce ambitions by providing you with a range of ecommerce stores in the most popular niches whilst providing you with a fully functioning business complete with products to sell saving you time, money and effort in the process.

Our mission is to maintain our excellent 5 star reputation as the go-to provider for new ecommerce stores, designed for new entrepreneurs. We provide excellent service for all Startup Streams entrepreneurs and I look forward to doing so for you today.”

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