Want to get your passive income started? Check out these great tips to get started.
Look at money making opportunities. There are so many things to choose from. You could produce an eBook and sell it. Set up a webpage and put some Adsense on it.
Capture email addresses and sell to the recipients. These are a few good ways to generate relatively passive income. It will take a lot of work to set up, but once completed is relatively passive.
Buy an Investment House.
This is easy to do if you have a deposit and a steady job. You can easily buy an investment property with an interest only loan and it really doesn't cost that much a week. Then rent your house out for market rates and wait for property prices to increase.
Write a Book.
Writing a book can be a rewarding experience if you love writing and love the topic you are talking about. The hardest thing will be getting it published. It will need to be a very unique book otherwise it may not be a hit and the publisher may not want to sell it.
Can You Sing or Play an instrument?
If you can you could record some music. This doesn't have to be a number one hit. There are many types of music required for other reasons. What about commercials or background music for a number of applications. There are heaps of opportunities for creating music and selling the rights to it. You will need to find the right publishing company.
Save Money and Deposit It in a Term Deposit.
Lots of banks have term deposits. You can lock your money away for a minimum term of 3 months and receive guaranteed interest . If you have significant savings in an account like this it can produce some great returns.
There are plenty of ways to produce passive income. These are just a few.
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