I will look at the four most popular investments for passive income potential: 1. Blogging 2. Income Investing 3. Bonds 4. Real Estate
The reality of an online store, as we saw with blogging, is that they are easy to set up but success takes a bit more work. In fact, your online store is likely to provide even less passive income than blogging.
Affiliate sales are a lot like the advertising we saw in blogging but you only get paid if someone actually buys a product or service. A lot of companies offer commissions on sales of their products.
To take advantage of this, you sign up directly on the company’s website or through an affiliate network like Amazon Associates. Looking for programs directly with a specific company is usually as easy as a Google search for affiliate program.”
Unfortunately, selling your own products or services means you need something to sell. Manufacturing a product can cost thousands in upfront expenses. Creating a book could take months to write and will cost money to edit and finish.