and work when & where you choose
Passive Income isn't just a dream. I've earned my living from it since 2009, and I'm here to show you how you can too.
There are lots of ways of doing it, but you just need one to start with. A simple proven method that is used by thousands of people all over the world to make anything from a bit of spare cash on the side, right up to six figures per year.
This guide will show you how to get started, and I'll also send you further tips and training to help you build your own online business.
12 Proven Passive Income Ideas for 2018
In other articles, we’ve looked at what is passive income, some general strategies for earning passive income, and how to find your niche. In this article, we’re going to look at 12 proven passive income ideas that you can use yourself, in whatever niche you choose.
These ideas are not either/or options — you could use several of these ideas together in one business. In fact, you should use as many of them as you can, to generate as many income streams as possible. This not only increases your earning potential, but it also spreads your risk and helps you find out what works best in your niche.
All of these are proven passive income ideas that work. They do not require any significant up-front investment, other than time. Although this of course may be considerable in the beginning, the aim is to build a residual income that continues after you've put the work in.
Make no mistake, whichever passive income ideas you choose, you will undoubtedly have to put a lot of work in at the beginning. Anybody who tells you otherwise is probably trying to sell you something. Beware, there are a lot of peddlers of false dreams out there, and there are no shortcuts (if you do find one, please tell me!).
However, if you have a sound plan and are willing to put some effort in and learn some fairly simple techniques, it is entirely possible to build a residual or passive income and enjoy the freedom to work when and where you choose.
What is passive income?
Perhaps more accurately called Residual Income, Passive Income is money that still comes in when you are not actively working.
It offers the promise of being able to leave a conventional job, where you trade time for money, and enjoy a life of freedom to work when and where you choose instead.
How to get started
The biggest obstacle you will face in building your passive income is simply cutting through the overwhelm and getting started.
Your biggest enemy won’t be technical know-how, or marketing knowledge, but procrastination. You need to be ready for this and make sure it doesn’t happen to you.
Finding your niche
So you’ve decided that you want to build a passive income. You’ve looked at a few different passive income strategies, or ways of earning a passive income, and you’ve seen a few ideas that look promising.
But how do you choose what to do — how do you choose your niche?