The Passive Income exists - 5 ways to achieve it easily
it’s been used to define money being earned regularly with little or no effort on the part of the person receiving it.
Everyone talks about it, but what is the Passive Income?
Most of us earn actively so, get up in the morning, maybe soon, go to work for at least eight hours and get remuneration. Others instead support or replace this form of profit with passive remuneration.
It's a good marketing concept, it's something difficult to achieve, but it's not impossible.There are in fact several ways to create money with a small initial effort that then turns into the creation of a continuous cash flow.
Ideas for achieving Passive Income
1. Income from assets
Obviously the easiest passive income to think about is the one that comes from investments and therefore from assets. The interests, the stock dividends, but also the rents, which derive from real estate, are income produced without great efforts, but which can be achieved only when there is a certain patrimony.
These incomes can even be multiplied by the mechanism of compound interest, which, thanks to the reinvestment of the fruits of what has been earned, allows an exponential growth of what is owned. With a certain heritage, you can also invest in the projects of others, which, if well selected, can give great satisfaction. You can become a member of capital in other people's projects where obviously the active role is to constantly monitor and control the use of your money.
2. Reward points, cashback, reward
Supermarket, airline and bank loyalty programs are an easy way to earn money and rewards without much effort.
In some cases, for example for airline reward programs (frequent flyers) or cashback credit cards, the rewards are really interesting. Some specialize in these programs and the internet is full of forums and details on how to improve the accumulation of prizes and money. The cashback is specifically the money that is returned when purchasing products or services.
This possibility is also offered offline but it is particularly easy on the Internet where the service I prefer is Beruby. Here really nothing is done, just sign up and remember every time you spend doing it through cashback services. You even earn on registering your friends.
I do not agree much with those who say that you can make money with a blog or a website or with a video without much effort. It is not even true that an initial effort is enough to make a continuous gain. The Internet is in fact constantly updated and if you don't update your blog or page, your contacts decrease and profits fall. Perhaps you can keep your commitment to a minimum and automate your business, but this is not easy, even if it is the secret to getting rich.
In fact there are pages or videos that are lasting, but let's never remember that everything can end from one day to another and that the success of a blog and a website often depend on the continuity with which one works on the web and on one's image.
If you have unpublished material, if you are an expert in a particular subject and you have notes or a book already written and never published, if you are a photographer and you have a collection of photos or a musician you can now distribute your works of genius with the possibility of earning something in a repetitive and constant way.
5. Business based on passive income
This includes commercial reports. Some monetize their knowledge or friendships by selling their contacts and obtaining a fixed percentage in return. It is enough to have the right friendships at the right time and to know how to unite them and you will make really a lot of money without doing almost nothing.
Then there are some examples of fairly passive stores. For example, the coin-operated laundry, rather than vending machines or many internet sites, are automatic businesses that require an initial investment in machinery or stock of materials and guarantee cash flows.
In conclusion I think we should all look for alternative and passive sources of income. Just start and you'll be able to achieve something to add to our active incomes.
What form of passive income can you generate money from ?