As my first post in the section passive income I want to talk about the Topic in a rather general manner. I think it’s necessary to explain the term passive income before going more into details and posting additional information’s.
The term passive income refers clearly to receiving money for something you do or something you provide or have provided in the past without further efforts. As I studied many books on this topic I noticed that people always think the whole passive income scheme is some kind of scam to get people to buy books whereas the buyers have overly the expectation to receive money for doing nothing. But this definitely does not work that way for 99.9% of the people.
As also mentioned in my free eBook for newsletter subscribers, “Passive income does not mean you can earn more and work less, it simply means you have to work hard before and then let your work earn money for you. “.
In reality passive income refers to lasting investments of your work which can after creation be used to create income over a long period of time at least if your marketing strategy works out. This means for all working passive income concepts that I know of and that have a positive expectation to work out very well, some initial work has to be done. With that said, I don’t say this work has to be done by yourself it could also be outsourced. As outsourcing of work also requires money as input this has also to be considered as initial work.
See below a list of the widest spread passive-income ideas that you could start today:
- Write your own app and sell it on the app market
- eBook writing
- Selling stock pictures
- Built a YouTube presence
- Selling products online
- Creating custom products to sell
I personally believe that all these simple strategies can provide a passive income on the long run. If you have doubts or you are interested in additional info’s just write a comment below. If you are interested in a further reading of a more detailed Topic description make sure to subscribe to my newsletter and receive my free eBook about passive income strategies.