Creating passive income streams has never been easier than it is today, and practically anyone can do it. You don’t even need to invest your money in order to get started. Because the methods I’m about to share is free, and anyone can sign up for it. However, I want you to know that although the income will be passive with little upkeep, you will still have to work in order to set everything up. But the beautiful thing with passive income is that you only have to do the work once, and then you can collect the profits for a long time ahead. So, I will show you 10 Ways to Create Passive Streams Income Without Investing Your Money.
So the first few ways to generate passive income streams is to sell someone else’s product. And one way to do just that is through Amazon affiliate marketing. This is one of the most popular ways to generate passive income, because it’s so damn easy. A few ideas I got for, what’s your practical psychologist book on the subject, it’s called passive income tutorial. And I will leave a link to it in the description. It’s a great read and you can get it for only 374 on Amazon. Now that right there is me marketing someone else’s product. And if you decide to click that link and buy his book, I will get a 5% to 10% commission of that sell from Amazon. And the great thing with Amazon is that if someone clicks your link and decides to buy five other things, you will get commission for that as well. And this will work to your advantage for the next 24 hours. And it’s completely free to sign up and the payment from Amazon will normally be paid out 60 days after the purchase. You can choose to be paid through Amazon directly to your Amazon account, and you can buy Amazon products from your earnings. You can also be paid a regular bank account. However, this option is only viable if you’re a US citizen as for now. And the third option is through check which is the only option if you live outside the US and don’t talk all your earnings to go to your Amazon account.
Clickbank is similar to Amazon affiliate, however, the commission rate is way higher and goes up to 75%. Sometimes, clickbank doesn’t focus on physical products but digital ones, such as courses and tutorials. The profit per sale is outstanding, and you can earn hundreds of dollars just for a single sale through your affiliate link. And they offer a wide range of products from mastering your boat building to mastering relationships. Because we all want to know why your spouse is lying to you about the reasons they want a divorce. They also do have more traditional courses, such as business and Fitness and Self Help, that will most likely suit your niche and is completely free to sign up. Now selling someone else’s product is a simple way to create a solid passive income stream. But you do have to put some work down yes to link the products and courses. You haven’t done any work creating a product. You’re just simply a middleman who markets that product. And this is a win when situation because it creator of the product will make a profit. The medium, whether it be Amazon or Clickbank or any other platform for that matter will also make a profit and you will also make a profit. Now you can also sell or monetize your own creations. And creating your own products will not necessarily cost you any money. However, you will have to spend time and energy creating something worth selling or monetizing. And the beautiful thing here is that you put the initial work in once and then you can generate a passive income stream when you’re done.
3. Sell Photos
Now one thing you can create and sell is photos to get that camera out and start snapping some pictures. Because there is a lot of money to be made. If you get a good shot. There are many sites that accept good quality images. And every time someone downloads your image, you will earn money. The most popular sites are Shutterstock, IStockPhoto and Alamy. Shutterstock currently serves customers from more than 150 countries and has paid over 500 million to the people have contributed with their images, and one single photo could be sold over and over creating a comfortable passive income. Customers are constantly searching for authentic images in high definition. Cityscapes, families and landmarks tend to get the most traction.
Teespring is another way you could create passive income streams. Teespring allows you to sell physical products and create your own brand or logo to put on them. The most popular items are t-shirts and hoodies. But you can also put your logo on other things such as mugs and phone cases. They empower people to design and sell custom products with no cost risk or hassle. It’s free to use and you earn money through selling the products you have designed. And teespring will take account of that. So when you create a tee spring campaign, you’re asked to choose a selling price for your product. the selling price is a combination of the base cost and the profit you want to earn per item. When an item is sold, you get to keep profit.
So for example, the base cost of a T-shirt is 10 bucks, and your selling price is 24 and then when a T-shirt from your campaign is sold, you will earn $14. And once that campaign ends, you can request payment through your Teespring account.
Another method to generate passive income streams is through ebooks. You cannot become an author even without any hefty education, or having your previous work published in some fancy magazine. If you have the ability to jot down some engaging sentences and turn them into a few pages, you could publish that as an Ebook. The most popular way to publish an Ebook it’s your Amazon Kindle Direct Publishing, it only takes five minutes to publish the book. And it will be available all around the world within 24 to 48 hours. Maybe you have some old school project that you’re proud of that might be a value to a lot of people slap the dust of that shopping it up and you couldn’t on your way to become a published author. To publish an E book through KDP is completely free and you will earn royalties on your sales. Amazon will typically take 70% of the profit if you decide to price your book between 2.99 and 999 dollars.
However, if you price it below or above that, they will only take 35%. This means you will earn more by pricing in your book at 1.99 than 2.99 dollars. You’re also likely to sell more copies, because people will see it as a bargain. You could also enroll in a Kindle unlimited program, then subscribers who pay a monthly fee can read as many books as they’d like. And you will earn for every page they swipe through. The royalties are paid out once a month and can be direct deposit into your bank account.
Starting a blog will actually cost you some money. But I don’t count these costs as big investments. You need to pay to get a domain name which will cost you around $10. It’s a year to own. And you will also need a host that stores all the information, which is roughly $10 a month, depending on which web hosts you decide to go with. Having your own blog creates a whole bunch of opportunities to create streams of passive income. You will be much more likely to have a successful blog if you write about something you really enjoy. And that isn’t already too saturated. Posting regularly and over time is what will create a following. It will not happen overnight. When you’ve created a blog, the next step is to monetize it. Ads are one of the easiest ways to do so. And virtually anyone can sign up for Google’s AdSense program. When someone visits your blog and decides to click on an ad, or sometimes only see that you will make a profit. However, you will only make a few cents per click or views. But with a lot of traffic it will add up. And even better form of ads is to approach potential partners and have them buy ad space on your site. If you’ve got your niche right and have enough traffic, you will be able to offer companies valuable space on your site, which they will have a hard time turning down. A blog is also a great space to recommend products and services through your affiliate links.
7. Online Oourses
The next method is online courses. And now you’re on the other end of the Clickbank affiliate and you are creating the courses. Creating a course takes a lot of time. But if you manage to get through it, there’s a high chance of gold being on the end of it. You put your price on the course. So the potential earnings are limitless. As you know by now people will market your products for you and you can sit back and watch the profit stream in. There are many sites that allows you to create courses such as Teachable, Skillshare and Udemy courses usually include videos, ebooks, or other platforms that lets you explain solutions to their problems or fill their needs. Customers sign up to purchase the course and your system automatically email them everything they need to access the materials.
You might want to check out Envato if you’re a creative person and skilled with different software’s making music or videos, you can create templates for WordPress sites through envatos team. And every time someone decides to go with your creations, you will get paid. If you’re skilled with creating music, upload some sick tunes to audio jungle, and you will create a passive income stream if people buy your tunes. Even if you don’t have skills right now, it’s always possible to develop them. Envato has loads of great courses that teach you how to make WordPress themes, Photoshop actions and so on. You can access their tutorial sites and they will tell you everything you need to know about it.
YouTube videos are also a great way to create passive income, but it requires a lot of time and commitment. Every time someone watches one of your videos, ads can appear on the side of the videos before the video starts. Or sometimes even in the middle of a video. These ads are what will make you earn money. Sometimes people don’t even need to click them and you will still make a profit from it. You will also have to be aware of the policies and terms and conditions so you don’t violate anything to get your channel banned. It’s also easy to have your videos Demonetized if you put someone else’s content in your videos, and they make a copyright claim on it. This means you will no longer get paid. Now if you’re serious about starting a YouTube channel and you want to really get a head start.
I suggest you get YouTube courses online on how to do just that then you experienced the great success. The mistakes you need to avoid and what to focus on so that you can generate a great source of income. The quick tip is to aim for evergreen content to secure a long term passive income. Evergreen content is something that will be as relevant today. As it is 10 years from now, such as how to lose weight. While skyscraper content might give you a lot of views in the short term, but will die out pretty quickly, such as Tiger Woods 2007 best shots.
You have some kind of following, and people appreciate what you do, you can set up a Patreon account and let your followers donate to you on a subscription basis. Your followers can decide how much they want to donate to you. And over 150 million dollars have been sent to creators to this day, which show you the potential there is to make a great source of passive income. However, to show your appreciation for your patreons, you will have to give them something back such as exclusive content or behind the scenes stuff.