Reddit passive income11/1/2022 ![]()
If you stumble across good advice on reddit, don't forget to save that comment. There's a lot of bullshit, misinformation and potential scams out there, but there's also gold waiting to be discovered. ![]() I don't have a no.5 right now, but I've one or two opportunities in mind for my next project.Īlways be on the lookout for opportunities. #REDDIT PASSIVE INCOME SOFTWARE#You can setup software bots to monitor current lending rates (github poloniex lending bot) or check out #REDDIT PASSIVE INCOME FOR FREE#I received some Stellar Lumens for free through a funded crypto wallet (as an airdrop), deposited them into Poloniex, and made a one off loan at insane interest rates that probably netted around $2500 at the prices of the time, totally passive - and all this with 0 upfront investment. ![]() Issuing cryptocurrency loans on an exchange. Probably brings in around $5-10 per month (I rarely check). AdSense is one option, although there are many other ad networks that you can add to your site. If you have a modestly popular website/blog, you can make enough from ads to cover your hosting and domain costs, so your financial risk is zero. I wrote the content to be pretty much evergreen, so minimal updates.Īds. The beauty of affiliate marketing is that someone else handles the customer, there is no stock management, no ongoing support, etc. It look me a long time to find this niche. The only way to discover these opportunities is to try a lot of things, most of which will fail. I promote a relatively obscure product (not Amazon products which are highly competitive) which generates around $10-$15 per day. You can get up and running quickly, with a small amount of capital.Īffiliate marketing. There's a p2p marketplace that handles this automatically. Being persistent is much more important than any money you invest. #REDDIT PASSIVE INCOME PROFESSIONAL#The big advantage of these is that you can get started for $100-150, which includes a domain name, decent hosting, a professional wordpress theme, and perhaps premium wordpress plugins if needed. The downside is that these methods are a) far from guaranteed - you invest a lot of time upfront, with no guarantee of success b) if successful, relying on free SEO/social media traffic is a very slow burner, you might not really see any results for 6-12 months or more. Some passive income methods that have worked for me, requiring relatively little upfront financial investment. If anyone has questions about getting any of these set up for themselves I’m happy to help :) That’s gross income, so after FBA fees and product costs it’s about half that. My products being in anywhere from $300-1000/day depending on the season. Takes 1-2 months to set up and some capital to buy inventory, but after that, the business is fairly passive which is why I LOVE it. From there Amazon handles the shipping and customer service. ![]() Get them manufactured overseas and then ship them to Amazon’s warehouses which are all over the place. You use software to find products that sell well on Amazon. Investing (real estate, mutual funds, stocks crypto, etc) - typically you’re looking at 3%-10% returns.but sometimes you loose money in the short term.Īmazon FBA (like ecommerce on steroids) - my favorite. Only overhead here is advertising costs (which I outsource) I sell a bunch of digital products ranging from $27-6,997. Takes work to set up but then you can sell it forever. Took some time and money to build but now it pays for itself every month.ĭigital Products (create once, sell forever) - I love information products, but this can be anything online that you have unlimited inventory of because it’s delivered digitally. I have an Instagram tool that I charge $50-100/mo for. Software / Subscriptions - recurring payments are the best. Lastly I’m a photographer and rent out some of my gear from time to time, I’d say $300-400/mo on that category. I also had a photo booth business for awhile, $500/weekend but sporadic bookings. During local events we rent the whole house out, $850/night. Rentals (Airbnb, Services or Gear) - we rent a room in our house out, $100-300/week. ![]() Like mentioned already, nothing is 100% passive but these are my favs in order of least passive to most passive. #REDDIT PASSIVE INCOME FULL#Including a full breakdown of much I make on each one passively so you can figure out which ones you might want to build for yourself. ![]()
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