How To Earn Real Passive Income

By HBC Editor April 25, 2016 Uncategorized No Comments

Passive income is an income from a source other than an employer or a contractor. It is earned regularly, and requires little or no effort to maintain it. It could be from rent or investments in financial markets.

You might find it hard to believe that you could earn something worth holding on to in passive income, but as improbable as it may seem, you actually can earn a real passive income. Here are 5 ways how:

#1. Start a freelance business

Doing two things at a time is not something everyone is comfortable with, but if you want a real passive income, while you do your full-time or part-time job, you can start up a new business. Starting a new business can be tiring, and sometimes frustrating, but you’ll have to keep on at it till you find your balance.

Examples of new businesses you can take up are: graphics, crafts and arts, jewelries, and so on. If you keep up with this, you might become so successful in the long run, that you might decide to quit your ‘real’ job.

#2. Real estate

Fixing and flipping houses is another amazing way to earn income. It is quite difficult to run this alone so it’s best you partner with one or two people. Attend house auctions and bid on houses of your choice. Work on those houses and get them well appraised.

You could also buy ready-made houses and sell at a higher price. Just bear in mind that you’ll need to keep your mind focused and have a bit of capital to start with.

#3. Affiliate marketing

Affiliate marketing is not as easy as some people might think, and just like all other options, it requires time and effort. It is passive because all you have to do is get linked to companies and help sell their products on your site. All you need to do is make your website a great one, such that it gets a lot of traffic on a daily basis.

With so much traffic on your blog, there’s a possibility that some people would click on the links around and connect to the companies you have affiliated with. This is how you get your income, and it’s okay to run multiple websites at a time, if you can handle it.

#4. Peer-to-peer lending

Peer-to-peer lending is a form of investment that doesn’t require too many affiliates; just you and the borrower, and a third-party to serve as witness. You can give out loans and earn income via the interest on the loan. You could also invest in multiple loans, but you’d have to be very careful.

#5. Flea markets

Many of us have things in our backyards or stores that we are not making use of. Rather than letting them gather dusts endlessly and occupying space, why not sell them? Take out your stuffs to a flea market and you might be surprised at how much income you will get at the end of the day.