Passive Income Opportunities To Make Money With

They say the true way to be rich is to make time work for you. Meaning that to truly be rich you need to be making money with time. Every second that passes you are making money. Bringing sense to the idea that time is money. So now how do you do that? How do you make time work for you? How do you make the sure that every second that passes you are making money? You can achieve this by exploring some passive ways to make money. Hence why we made this article Passive Income Opportunities To Make Money With.

1. Dividend Stocks.

There are all kinds of stocks. There are stocks that have voting rights and stocks with no voting rights. In addition to that, there are stocks that pay dividends and those that do not pay. Dividends is money that you get paid by the company for your investment when it makes money. When a company makes profits most of this profit is shared among the investors in form of dividends.

Most of the companies traded in most stock markets like NYSE pay dividends. Go ahead and look for the companies that have the best prospects and invest. These days everyone is investing. Do not be left behind.

2. Real Estate Rentals.

One of the oldest ways of investing is through real estate. For as long as humanity has been civilized, people have been living in houses such as apartments. And as long as these apartments exist, there will always be those who own them. Hence there will be those who make money from the apartments rent. That could be you. If you invest in the real estate industry, you could have consistent income. However the real estate business requires a lot of capital for initial investment. You do not build an apartment with 10 dollars. However, there is a shortcut for that. That is subletting. You can rent an apartment and then sub-rent it. You rent it for a lower price and then rent it to someone else at a higher price. However you need to note that this can only work in a place with high demand for the apartments.

3. Create & Sell Digital Products.

Another method of making passive income is by the use of digital products. You can create and sell digital products on the internet. Some of the digital products that you can create and sell are:

Online courses.
Branding kits.
E-books.
Downloadable music.
Internet radio.
Internet television.
Wikipedia articles.

Now that you know some of the digital products that you can sell, you need to know where to sell the digital products. You can sell those digital products on any of the following platforms.

4. Affiliate Marketing.

Other than selling the digital products like we have discussed on point 3 above, you can sell affiliate products. Go to affiliate websites like the ones listed below and create your account.

Once you create account go to the inventory page and select the products that you want to sell. Once you get the products, get the product images and the links for those products. Go ahead to your platform and post these products. Then promote them and when people buy them, then you will be paid a commission. The commission amount varies from product to product and from seller to seller.

5. High-Yield Savings & Interest Accounts.

Banking comes with different accounts. There are savings accounts and current accounts. There accounts that will not earn you money and those that will earn you. Most savings account do not earn you anything because the banks do not use your money for investment. You can put your money in a bank account that earns interest rates. Some of these interest rates accumulate daily monthly or yearly. Once your deal is ripe you just cash out and take your profits. This is a very big business but also a risky one. Always make sure you only deposit your money only with trusted well established banks. Do not go for some shady financial institutions.

6. Automated Dropshipping or Print-on-Demand.

Another way you can make money with passive means is through automated dropshipping and print-on-demand. Go to the following platforms;

Use the to sell products without handling inventory. Your store runs on autopilot once set up. This means that you do not have to handle the inventory nor concern yourself with the nitty-gritty.

7. Vending Machines & ATMs.

Another major way you can make passive income in the world of today is through investing in vending machines and ATMs. For the vending machines you need to buy the machines, go and install them at suitable locations. Suitable locations involve where there are very high potential of customers. Mostly in a mall or in a place of junction of many people. Once installed, stock the vending machines and let the people buy. Always come later and take your money as you restock the machine. Same goes for ATMs. However, for ATMs, you need higher security. Unlike the vending machines, atms hold money which attracts thieves.

8. Create an App or Software.

Are you a developer or a programmer? Then you can use those skills to create a long lasting passive income by creating an app or even a software. For those who do not know whats the difference between an app and a software. An app is installed and used in a smartphone while a software is installed and used on a computer and other bigger machines like servers. Create such an app or software and publish it on appstores like the google playstore. Once you do that and you get many downloads, that’s a gateway to money. There are so many ways to make money with an app. Most common is the ad revenue monetization of the app. Another way is selling the app as a service to the people among many more.

9. Peer-to-Peer Lending.

Peer-to-peer lending is the act of one lending money to someone else then the debtor returns the money later at an interest. Say for example you give your friend some $1000 to do whatever he/she wants to do. Then the friend is supposed to return the money at the end of the week at 10% interest rate. This means that the friend will return $1100 to you. Yes as you have noticed, the peer-to-peer lending has very high interest rates. The reason for this is because it has a lot of risks involved. This loan is not guaranteed or backed by anything. Hence you could loose that money. Also another reason is because it is quick, instant no formal requirements like a bank.

10. YouTube or Blogging with Ads.

We have talked about this before in details in our previous articles. Read this article How to Make Money with YouTube to learn how to make money with youtube. In that article we dive deep into all the ways that you can make money with youtube. Similarly read How to Make Money with Blogging to understand how you can make money with blogs and ads.

Conclusion.

Now you know 10 of the best Passive Income Opportunities To Make Money With. Go ahead and try the one that works for you or all if possible for you. All the best!