Let us tell the world your success story. Do you remember in the past we were warned to be careful about being in debt because interest never stopped charging us, interest never slept, never took a day off, never took a holiday.

Well the reverse is true, as well. Is your money making money while you sleep? Does it sound too good to be true? Perhaps the most popular way to earn a passive income is by launching your own blog.

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It only takes a couple of minutes to set up and is cheap to start - just purchase your domain name and pay for hosting. After that, start creating amazing content that people would be interested in reading or sharing. This draws thousands of signups a month. Make sure the topics you write about are popular. If you still love your pet rock, I doubt there would be enough people visiting your our site to monetize it.

But, you never know. Earning commissions as an affiliate. Make sure these products or services are relevant to your blog. For example, that accounting blog could become an affiliate for accounting or invoicing software. But, you may eventually be able to charge triple digits. Again, your site must be quality. This is slightly different from just selling ads on your site.

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Sponsorships may be a one-off piece of sponsored content or permanent logo embedded in your footer. It may take a lot of work to create and market your products, but once all the leg work is over, you can just set back and collect the proceeds. In other words people will pay you for using your work or creative assets.

Just like with a blogging site, there are several ways to earn a passive income by selling physical products. Probably one of the best known ways is by selling your old junk on eBay. They literally give you everything you need to sell products online from a complete online shop to including buy buttons on your social media channels.

When you invest in stocks you become a stakeholder. That entitles you to a share of their profits. They will then match you with a consumer who either prefers or has trouble securing a loan from a bank. Thanks to Airbnb, you can rent out your home while on vacation or your vacation home when not in use.

You can also rent out your garage, parking space, or unused office space. This is also known as arbitrage and is basically where you have someone else do the work for you.

For example, you could start a dog walking service or web design firm, but outsource the actual dog walking or coding to someone else. John Rampton is an entrepreneur, investor, online marketing guru and startup enthusiast.

He is founder of the online invoicing company Due. John is best known as an entrepreneur and connector. He was recently named 3 on Top 50 Online Influ This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection.

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