Passive income great article
http://www.thesmarterdollar.com/passive-income/
To handle the sales process, delivery, and payment, you can either sign up with a service like Gumroad, or implement it all on your own website. The Gumroad route is probably much easier, and they also handle all the EU VAT for you, which is a major headache for publishers from all countries selling eBooks in the EU.
http://passively.io/12-passive-income-ideas/
You can either self-host your course on your own website, which means you have to setup your own course delivery and payment system, or you could host it on a site like Udemy. Udemy is the world’s biggest online learning marketplace, with over 10 million students taking courses in everything from programming to yoga to photography.
The advantage of using a platform like Udemy, is not just that all the technical issues are taken care of for you, but also that it’s a marketplace where people go to look for courses like yours. You will get customers that you wouldn’t otherwise have got, simply by being on Udemy. And if your course is good, and does well, then Udemy will promote it for you.
Dropshipping store
type: time investment
doability: 2/10
resource: See above Ecommerce links, plus read this guide.
Dropshipping is a form of Ecommerce, where you sell products that you don’t even keep in stock. In fact, you never even have to touch the products. Or make them. Or pack the boxes. Or ship to the customer. Or handle returns.
Here’s how it works:
You decide what you want to sell (let’s do green tea)
You find a supplier that will dropship green tea from their warehouse, etc
You find buyers (usually through your online store).
A customer places an order for your tea.
Your supplier receives the order and processes it.
You get paid.
P2P Real estate
type: monetary investment
doability: 8/10
resource: RealtyShares and GroundFloor
If you didn’t read the “Peer to Peer lending” strategy above…this is basically just crowd sourced real estate investing.
To learn more about RealtyShares, go look around on their website.
Groundfloor works like this:
You open an account for free
You transfer money to your GroundFloor account
You pick a real estate project to invest in
You get your money back in 3-12 months, depending on the project.
Online courses
type: time investment
doability: 9/10
resource: I made an entire guide on this. Udemy. Teachable.
Online courses are the future of education, and have been increasingly popular over the past 2-3 years. My friend Bryan made over $900k in 2015, from 2 launch OF THE SAME COURSE.
@ i should do it
pricing
++
http://videofruit.com/blog/product-launch-recap/
Vending Machines
type: monetary investment
doability: 4/10
resource: Read this! Then this.
As long as there have been candy-craving people, there have been vending machines. It’s an old-school passive income source. In fact, it’s SO old-school…that making some cash through vending machines is probably 10x easier than it was 10-20 years ago.
+++
mythuoght
onine course
vending machine
website with adsense
ebook
++
Also it’s worth remembering that people really don’t know how much things are worth, what’s a fair price (which is the reason TV-shows like “The Price is Right” can actually exist).
http://conversionxl.com/pricing-experiments-you-might-not-know-but-can-learn-from/
decoy pricing, anchoring and adjustment
http://www.thesmarterdollar.com/passive-income/
To handle the sales process, delivery, and payment, you can either sign up with a service like Gumroad, or implement it all on your own website. The Gumroad route is probably much easier, and they also handle all the EU VAT for you, which is a major headache for publishers from all countries selling eBooks in the EU.
http://passively.io/12-passive-income-ideas/
You can either self-host your course on your own website, which means you have to setup your own course delivery and payment system, or you could host it on a site like Udemy. Udemy is the world’s biggest online learning marketplace, with over 10 million students taking courses in everything from programming to yoga to photography.
The advantage of using a platform like Udemy, is not just that all the technical issues are taken care of for you, but also that it’s a marketplace where people go to look for courses like yours. You will get customers that you wouldn’t otherwise have got, simply by being on Udemy. And if your course is good, and does well, then Udemy will promote it for you.
Dropshipping store
type: time investment
doability: 2/10
resource: See above Ecommerce links, plus read this guide.
Dropshipping is a form of Ecommerce, where you sell products that you don’t even keep in stock. In fact, you never even have to touch the products. Or make them. Or pack the boxes. Or ship to the customer. Or handle returns.
Here’s how it works:
You decide what you want to sell (let’s do green tea)
You find a supplier that will dropship green tea from their warehouse, etc
You find buyers (usually through your online store).
A customer places an order for your tea.
Your supplier receives the order and processes it.
You get paid.
P2P Real estate
type: monetary investment
doability: 8/10
resource: RealtyShares and GroundFloor
If you didn’t read the “Peer to Peer lending” strategy above…this is basically just crowd sourced real estate investing.
To learn more about RealtyShares, go look around on their website.
Groundfloor works like this:
You open an account for free
You transfer money to your GroundFloor account
You pick a real estate project to invest in
You get your money back in 3-12 months, depending on the project.
Online courses
type: time investment
doability: 9/10
resource: I made an entire guide on this. Udemy. Teachable.
Online courses are the future of education, and have been increasingly popular over the past 2-3 years. My friend Bryan made over $900k in 2015, from 2 launch OF THE SAME COURSE.
@ i should do it
pricing
++
http://videofruit.com/blog/product-launch-recap/
Vending Machines
type: monetary investment
doability: 4/10
resource: Read this! Then this.
As long as there have been candy-craving people, there have been vending machines. It’s an old-school passive income source. In fact, it’s SO old-school…that making some cash through vending machines is probably 10x easier than it was 10-20 years ago.
+++
mythuoght
onine course
vending machine
website with adsense
ebook
++
Also it’s worth remembering that people really don’t know how much things are worth, what’s a fair price (which is the reason TV-shows like “The Price is Right” can actually exist).
http://conversionxl.com/pricing-experiments-you-might-not-know-but-can-learn-from/
decoy pricing, anchoring and adjustment
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