emievil profile image

10 Ways to Earn Passive Income

What is Passive Income?

Passive income is basically what you earn even without actively participating in the earning process. Based on a local financial guru in my country, passive income is the income that we all should strive for during our retirement years as they don't require much effort but still enables us to obtain money for our day-to-day expenses. There are various ways to make passive income. The following are just some of these ways (you are free to think up more ways, just don't forget to leave me a note if you have thought of one):

Rental from Real Property

According to Robert Kiyosaki, this is one way to ensure big earnings and early retirement. From renting out a room in your home, to renting out apartments, or a building complex or even a condominium, this is one sure way to earn passive income. However, one has to take note that, prior and even during the time you are getting income from this, setting up the property to be rented and maintaining it in good condition are some of the things you will have to contend to.

Time Deposits

One of the basic ways to earn passive income (or interest income) is through placing your savings in time deposits. Although they have holding periods (30 days to 1 year or even 5 years), they earn higher interest than ordinary savings account. Plus, if you don't withdraw your interest, it also earns interest. There are, however, restrictions in terms of withdrawals and minimum balances.

Treasury Bonds / Treasury Bills

Another way to earn passive (interest) income is through investing in treasury bonds (T-bonds) or treasury bills (T-bills). These are long-term investment vehicles where you earn interest income up to their maturity dates. If you are into trading bonds or T-bills, you can also get income from selling them at a gain. They, however, require higher minimum investments than ordinary bank accounts. But, if you invest in government bonds or bills, these are virtually risk-free (unless the government itself is not stable) so you don't have to worry that the value of the bonds will go down or that you will not get paid by their issuer.

Invest in the Stock Market

Okay, investing in the stock market is not really something anybody can do. For sure, the stock market is not for the faint of heart, especially during these trying times. But, hey, if you have the guts (not to mention the money) and the time to wait everything out, then this is one of the ways where you can get passive income. You can buy low then wait for the prices to go up and sell high. Or you can wait for the company to declare dividends so that you can get some returns from your investment (while you wait for the price to go up). Some financial experts have said, that in the long run, stock market outperforms other investment vehicles (such as bonds). Not sure though if this case is still true with the credit crunch we are experiencing right now. However, please take note that once you actively participate in investing in the stock market (read: you don't depend on your broker, you're the one who does the legwork all the time in terms of studying your investment portfolio), it ceases to be a passive income. It becomes a trading investment income.

Investing in Mutual Funds or Trust Funds

If you cannot stomach directly investing in the stock market or even in bonds, then mutual funds or other trust funds may be for you. These funds basically combine various investments (stock A plus stock B plus stock C) or investment vehicles (stock plus bonds). Of course, the returns depend on how well these investments perform but then, there are advantages to investing in these funds. The amount of start-up investment is quite low (here you can invest with just 10,000 pesos or $200), the holding period can be short (30 days), the risks are spread over various investments and you can add on to the fund anytime you want. Plus, you have available at your disposal fund managers who should know about the products you are investing in.

Investing in Real Property

This can be a very lucrative passive income (gain from sale of the property) but at the same time, it can also make one lose a lot of money. One must know how to go about investing in real properties to earn the highest amount of income possible. Learning the ins and outs of the real estate industry is also a must for this type of investment.

Sell Online eBooks or Software Products

Got an idea for an e-Book or a software product? Then write it or develop it and then sell it online.There are already hundreds or even thousands of e-books that are sold online and yours may become one of it.

Websites

If you have an idea or a concept that you think will sell well online, then put up a website featuring this concept. You can fill up the website with your chosen content plus items for sale and watch the traffic (and the sales) come in. Or you can create a website that will target viewers who will pay a certain amount of money just to access your website.

Advertisement

If you have a really great idea for a website and it gets lots of hits, you can attract advertisers who will want to advertise on your website for a fee. You can also advertise your e-books or software product on your website (free advertising!) so that you'll hit two birds (or two income streams) with one stone.

Affiliate Programs

Honestly, I don't really know how this one works. According to some sources, this can be done by linking your website to companies that sell products that are in line with your website's theme. Anyway, the passive income here are the commissions that you earn from the sale of these products.

So there you have it. My "10 ways to earn passive income". But really when you think about it and when you look at the list, there's is no "real" passive passive income. You still have to do a lot of things (put up a website, write an e-book, develop a software, earn / save lots of money, scout around for a bank or a broker, study the company you are going to invest in, etc. etc.) before you finally hit paydirt and earn that passive income. But then, if you are successful in the end, the returns are quite high and, if I believe the books that I read about personal finances, will enable you to live the rest of your life in comfort. To sum it up "NO PAIN, NO GAIN!"


 Last updated on November 21, 2011

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Comments 119 comments

kalrocking profile image

kalrocking 5 years ago

good hub i willl share it on my blog

emievil profile image

emievil 5 years ago from Philippines Hub Author

Hey thanks.

Marketing Truth 5 years ago

You have some really good tidbits in your hub. I enjoyed reading it. Best wishes.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks Marketing Truth.

Danton Young profile image

Danton Young 5 years ago

Those are all good ways. I think real estate is especially lucrative right now because you can buy so cheap.

Lissie profile image

Lissie 5 years ago from New Zealand

Yup down them all - and they all work- the online stuff is by far the hardest work to setup but costs a lot less than shares or properties!

emievil profile image

emievil 5 years ago from Philippines Hub Author

Danton Young, yes it is. I wish I have money to pay for a property though.

Thanks Lissie. About the online stuff, it maybe the hardest but it can be the most enjoyable too, especially if its hubpages =).

emievil profile image

emievil 5 years ago from Philippines Hub Author

Danton Young, yes it is. I wish I have money to pay for a property though.

Thanks Lissie. About the online stuff, it maybe the hardest but it can be the most enjoyable too, especially if its hubpages =).

voicedup.com 5 years ago

Very good post, I am involved in real estate management anyone interested in starting up should visit mortgageprofessor.com. A great website for beginners and to understand how to become cash flow positive from the beginning.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks voicedup.com. I saw your website. Looks good. I'll check it more later after a good night's sleep =).

michael 5 years ago

i wish i have money to pay ma fees

michael 5 years ago

i wish i have money to pay ma fees

Camping Dan profile image

Camping Dan 5 years ago

Anyone who says that you do not have to work for the money that comes from rental property has never done it before. It never fails, renters do not own it so they tear up several things in the home so you spend a lot of time repairing damage.

Nikki Nelson profile image

Nikki Nelson 5 years ago

I really enjoyed reading your page. Those all seem like good ways to generate some extra money. Oh, and your puppy is adorable!

emievil profile image

emievil 5 years ago from Philippines Hub Author

Hi Camping Dan. I can't deny that repairing damage done on your rented property by the renter or the lessee is part of the things that the owner has to do. But you can always choose who to rent to (if you think he/she is not capable of taking care of the property then you can turn him/her down). My previous landlord has a way to discourage damages, he asks for a 2 - month deposit which he will only return in full (when the renter leaves) after he sees that there is no damage to the property. It's a way of getting reimbursed for the damages plus it will discourage the renter from damaging the property (2-month deposit here is no joke and not getting it back after your lease is not a joke either).

Thanks Nikki Nelson!

Christopher Mwakipesile 5 years ago

really good infromation thanx

Prefix of Prefix profile image

Prefix of Prefix 5 years ago

The stocks market sounds kind of risky. There's even people who has commited suicide after a price drop. I don't really think it is a *passive* income source, but a very stressing and demanding way of being a slave of capitalism.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks Christopher.

Prefix, hmmm, that's a new perspective. Although I have heard about those who committed suicide. That's why I put in there "not for the faint of heart". I guess it's just a matter of balancing one's perspective and asking one self if he/she can handle the stress, the money loss, the risk and the headache that goes with trading stocks.

Ultimate Hubber profile image

Ultimate Hubber 5 years ago

Stock market is too shaky and un-reliable these days. Although investing into the websites, advertisement and affiliate marketing will be good.

just84 profile image

just84 5 years ago

thanks for sharing

Glare profile image

Glare 5 years ago from Washington DC area

This will come in handy since I just lost my job.

Dorrene R profile image

Dorrene R 5 years ago

Interesting & helpful. Thanks.

emievil profile image

emievil 5 years ago from Philippines Hub Author

UH, I agree on the stock market. But then again, the risks are high but the returns are also high (if you get lucky).

Just84 and Dorrene, thanks for the comments.

Glare, good luck. I hope my hub will be of real help to you.

ozoemena mark 5 years ago

Uh very good.how can i get this Affiliate Programs

emievil profile image

emievil 5 years ago from Philippines Hub Author

Ozoemena Mark, sorry can't help you there. But you can try other hubs like this one - http://hubpages.com/hub/Top-Paying-Affiliate-Marke... Or just search through the hubs. There are a lot of experienced hubbers who know about affiliate programs.

geedo profile image

geedo 5 years ago from Germany

Hmm, not sure about stocks and other financial markets right now. Other options sound better.

Banana Putting profile image

Banana Putting 5 years ago from Ohio

GOod tips, thanks! We can always use more funds for golfing - -and other fun habits :)

creativeMind profile image

creativeMind 5 years ago from Cochin

my vote for affiliate programs

creativeMind profile image

creativeMind 5 years ago from Cochin

my vote for affiliate programs

emievil profile image

emievil 5 years ago from Philippines Hub Author

Geedom I agree. But some investors like the market right now because they can purchase stocks at low prices.

Banana Putting, thanks!

CreativeMind, hmmmm, maybe I should research affiliate programs more. Thanks for the comment.

ripplemaker profile image

ripplemaker 5 years ago from Cebu, Philippines

It's always nice to read all the options we have. I know I want passive income too hehehe It is very important to learn all the ways and start working towards that goal. Thanks for this post!

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks for the comment ripplemaker.

danny 5 years ago

hi

thanks for those

making money online isrelatively easy, but most people never even get started.

THe key I have found with online stuff ie affiliates and property is you need to start.

I had been looking at different prgs for ages I then thought oh well jump in!!

I lost some money on a few scams - but hey that's part of learning I now have a few things running online that are earning me money.

not loads but it is a start

thanks for post

danny

Warren Little 5 years ago

Very exaustive list.

My favorite is affiliate marketing because when someone learns how to do it right the residual income has no ceiling & can be automated,systematized & scaled up.

This one vehichle transformed my entire life from dumb, sick & broke to smart, healthy & rich.

Now I get to teach others how to maximize this tremendous opportunity.

Giving back is what it's all about . . . empowering others.

Warren Little

Internet Network Marketing Consultant/Trainer

http://www.WarrenLittleConsulting.info

http://www.NetworkMarketingSolutions.info

emievil profile image

emievil 5 years ago from Philippines Hub Author

Danny, thanks for the comment. I agree, you need to start somewhere and learn along the way. I've already started with some of them and I've also learned a few hundred bucks. Good luck in your endeavors. Hope I can go to your online sites.

Mastermind and Warren, thanks for your comments and for the sites.

prasetio30 profile image

prasetio30 5 years ago from malang-indonesia Level 4 Commenter

great tips. thanks , I get new knowledge from here. and of course how to get passive income.

EarthWarrior profile image

EarthWarrior 5 years ago

Rental properties can be a passive activity in some cases. If you are spending time chasing down renters and constantly repairing the property.

Me Hubber profile image

Me Hubber 5 years ago

Nice one. I shared it @ one of my blogs

emievil profile image

emievil 5 years ago from Philippines Hub Author

prasetio30, thanks for the comment.

EarthWarrior, if you're spending time chasing down renters and repairing the property, I'd say you're in the wrong location and the wrong business =). Thanks for the comment.

Me Hubber, thanks for sharing my hub.

Caleb Anderson profile image

Caleb Anderson 5 years ago

Even though there is such a thing as "passive" income, it still takes quite a bit of work to get it so that it becomes a "passive" income stream. The ones who work the smartest and hardest win, bottom line.

Karen Banes profile image

Karen Banes 5 years ago from Canada

It's true that you have to work hard for passive income - which sounds like a contradiction in terms. The key is to do the work once and continue to earn a passive income on it for years to come. Many of these things fall into this category, for sure, but as you point out, there's no way to get round doing the work in the first place.

Yuijedi profile image

Yuijedi 5 years ago from Connecticut

Good advice.

aabert 5 years ago from Melsomvik, Norway

Tere are several good ideas here, but you always need skills to work with them.

Yes, it has never been: "There is nothing like a free meal."

But do a proper job with your idea, and you might harvest from it later.

Good luck. aabert.

Como criar um blog 5 years ago

The money is on the list.

Bigger the list, more and more income, and less work.

After some time, all you have to do is to config your autoresponder to send automatically to all subscribers.

toahuja profile image

toahuja 5 years ago

Thanks and regards

Lady_E profile image

Lady_E 5 years ago from London, UK Level 3 Commenter

Very useful Hub. I saw this on the front/home page of Hubpages and thought "Wow". The Hub has done really well, it's one of your best. I think if one doesn't have a Pension and carries out some of the above, it will help a great deal in creating an income for them in future. Lovely Hub. :)

Smireles profile image

Smireles 5 years ago from Texas

I enjoyed reading about 10 ways to create passive income. You have some good suggestions here.

Svea profile image

Svea 5 years ago from Florida

I was never interested in stocks and investing until somebody introduced me to silver and gold, not just bullion but mining stocks and ETF's, I have already made money and I figure when inflation hits high gear I will make more. I have been a talk show host for years so I have heard about every get rich quick scheme out there. I just did a lot of research, subscribe to numerous newsletters to get varying points and read everything related to the economy.

I don't think anybody can just be passive and put money under the mattress, not with inflation looming, after the deflation factors dry up and go away.

emievil profile image

emievil 5 years ago from Philippines Hub Author

To all, thanks for dropping by and for your comments! Hope those who read this hub will not really think that passive income comes for free. A lot of these passive income sources are actually results of hard work and perseverance. But in the end, if you keep at it, everything just pays off.

Marisa Wright profile image

Marisa Wright 5 years ago from Sydney Level 2 Commenter

Emievil, I have to disagree with your definition of passive income.

For instance, I own rental properties. If you hire an agent to look after them for you, they're passive income, otherwise they're not. You need to collect rent and other bills, organize repairs, and keep an eye on the property.

The share market is also definitely not a passive income. You need to actively manage stocks these days, not just buy them and forget them.

I'm not clear on the difference between real property and rental property - buying property and leaving it empty is a sure way to lose money!

Selling online products - I see you specify ebooks, so maybe you should modify this section to make it "selling online ebooks". Selling actual products online is very labor intensive because you have to receive orders, process payments and package and post goods. It never becomes passive income, unless you can afford to pay someone else to do all the work!

I'm pleased that you mention it takes work to set things up before you can expect passive income, but it would be really good to see you go into more detail in each section on the setup involved.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Marisa, thanks for the very interesting comment. I did say that these passive income sources do not require much effort, not as much as an 8-to-5 job that is. Perhaps the difference lies on our belief of the degree of "passiveness" on the passive income source. That's why I put the caveat on the last paragraph because I also think there is no such thing as an honest-to-goodness passive income, not in its real, literal meaning (i.e., no effort involved at all, just receive the money as they come in).

Anyway, I like your idea on going into more details for each setup. I'll do more research on the set-up involved. Thanks again!

laswi profile image

laswi 5 years ago from Sri Lanka

Interesting hub. Thanks for sharing.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks for stopping by laswi.

humble african profile image

humble african 5 years ago

nice always looking for ways of making extra money

Gennifer profile image

Gennifer 5 years ago from Minsk, Belarus

Nice hub! I liked some points in it, they are really wise. I personally think that it's better to invest in different areas of passive income and I usually do in such a way.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks hunmble african and gennifer

RN4081 5 years ago

One day I hope to earn a passive income from my websites, but for now they require a significant amount of work and don't earn very much. Maybe by the time I retire they'll actually be worth something. Thanks for the great information.

Sexy jonty profile image

Sexy jonty 5 years ago from India

Thanks for providing such useful information, and explaining it so clearly.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks for the comment Jayorban, I don't know much about affiliate marketing but it would seem a lot of people are making a lot of money from this. Maybe I should try it one of these days.

Your welcome RN 4081 and Sexy Jonty and thanks for stopping by.

Matt Biggar profile image

Matt Biggar 5 years ago from Calgary

Nice to see someone else writing about passive income and Robert Kiyosaki! Thanks for sharing.

min18 5 years ago

See my other ideas of having good online income

http://hubpages.com/hub/How-to-earn-1000-per-month

Paul 5 years ago

Actually you forgot one thing : Forex

That can be passive using an EA some other automated method of trading.

awsydney profile image

awsydney 5 years ago from Sydney, Australia

Hi Emie, Very information hub! I'm a fellow CPA like you and I enjoy investing in real estate and stocks. I'm only starting to consider affiliate marketing although I'm still quite new and trying to learn it's concepts. My brother seems to be very good at it if you are interested.

emievil profile image

emievil 5 years ago from Philippines Hub Author

Thanks for the comments Matt and min18.

Paul, forgot about forex. But then again, that's the topic I know least about so I didn't want to put it in without further research. But thanks for the input.

Awsydney, I am also interested in affiliate marketing. Can you refer me to your brother's site? Will really appreciate it and thanks for the comment!

Albert Wong 5 years ago

Emie,

My brother's site is http://brianwong.com/blog/

Cheers

Philipo profile image

Philipo 5 years ago from Nigeria

Thanks for sharing this. One can also earn passive income through Holidays and Cash. Apart from the Dollars, you stand to gain special discount in some hotels and flights. http://www.holidaysandcash.com/onyemerekwe

emievil profile image

emievil 4 years ago from Philippines Hub Author

Thanks for the info Albert.

Philipo, thanks for the info. Already checked it out. =)

NaomiR profile image

NaomiR 4 years ago from New York

Great hub, thanks for the information.

DennisBarker profile image

DennisBarker 4 years ago from Newcastle Upon Tyne,UK

A good overview,as with all things, the devil is in the detail.

emievil profile image

emievil 4 years ago from Philippines Hub Author

Thanks Naomi and Dennis.

Marc Abrams profile image

Marc Abrams 4 years ago

Great Hub. Definitely the Rich Dad, Poor Dad way. I use covered call options as another great way to generate passive income. Be sure you use a covered call strategy that will protect your capital in this volatile market. Traditional covered call strategies often fail in this environment.

http://www.rebuildingmyfuture.com

http://hubpages.com/hub/coveredcallmoneymachine

dnrkrishnan25 profile image

dnrkrishnan25 4 years ago from India

An useful hub for earn money...thanks for providing good ideas.......

emievil profile image

emievil 4 years ago from Philippines Hub Author

Thanks dnrkrishnan.

Jeremiah 4 years ago

Thanks for writing this hub! The only thing better that making money is having in generated with little or no effort. Then you can concentrate on enjoying life and not as much on working your butt off!

emievil profile image

emievil 4 years ago from Philippines Hub Author

Thanks Jeremiah

scheng1 4 years ago

It takes money and time to generate passive income. That's why the rich are getting richer.

modeca profile image

modeca 4 years ago

Hey many thanks for the tips. You can also make passive income on the internet without having a website. Many people use pay per click advertising and affiliate marketing to generate income without having to own your own website.

 
habee profile image

habee 4 years ago from Georgia Level 1 Commenter

Great tips! I'm so bad with money!

emievil profile image

emievil 4 years ago from Philippines Hub Author

Thanks modeca for your input.

Thanks habee :).

Springboard profile image

Springboard 4 years ago from Wisconsin

All very good information here. Personally I have real estate and I invest in the stock market. Both excellent sources of income when done right.

Philipo profile image

Philipo 4 years ago from Nigeria

Glad to note that you have checked out Holidays and Cash. This is an invitation to everyone to join the network. The programme is presently in over 100 countries of the world and still counting. Please join through this link http://www.holidaysandcash.com/onyemerekwe

Dickinson Eddy profile image

Dickinson Eddy 4 years ago from Los Angeles California

Great hub,keep up the Good work!!!!

Dickinson eddy

arvino profile image

arvino 4 years ago

Thank you for this hub. I never really thought of some of the idea's but I will put it to some use. Thanks again.

DanPowers profile image

DanPowers 4 years ago from Tokyo

Some nice stuff here!

nanilok profile image

nanilok 4 years ago from London

great article!

online4income profile image

online4income 4 years ago from Online, in search of income

A good collection of options for passive income. I liked the stocks and websites.

liljen23 profile image

liljen23 4 years ago from Shreveport,LA

Great hub on passive income, I am trying to achieve this myself by writing.. Thanks for this hub..

Jackson Riddle profile image

Jackson Riddle 4 years ago from Melbourne

Selling things on websites for me is my favourite and most viable option for making a passive income.

Although I'm always surprised when people try and make a 'hard sell' with an affiliate product such as an ebook or software. While you say you don't know much about it, it's very very handy.

Because I'm no salesmen, and the vendors are.

However, I don't really like squeeze pages trying to make an immediate sale.

On the other hand some sites offer great information and valuable tools for free hoping that they'll make some money in the future.

This are the things I enjoy. If you want to learn more about these kind of things, I would suggest visiting this site I came across a couple of days ago (no opt-in or details required)

just download the info straight away

and you'll definetally learn a thing or two regardless of what level of skills you have.

http://gallerymoney.com/

Thanks for sharing

Jackson

AuthorSteve profile image

AuthorSteve 4 years ago from Hawaii

Passive income sounds too good to be true... :-)

I think it needs a lot of effort, but once this is achieved you will profit hugely with passive income.

Thanks for your helpful hub.

ChrisCobb profile image

ChrisCobb 4 years ago from UK

Passive income is what my business is all about, and how I've made my money. Who wants to work a 9-5 job, commute for hours on end and have no freedom?! You want to find a way of making money on auto-pilot, while sitting in your PJs! The internet has made that possible...

hump.mike9 4 years ago

Earning money has online never been this easy and transparent. You would find great tips on how to make that dream amount every month. So go ahead and click here for more details and open floodgates to your online income. All the best.

hope4tomorrow 4 years ago from India

is there any real work from home jobs available? i so please inform

moonfarah profile image

moonfarah 3 years ago

kev8 profile image

kev8 3 years ago

Good hub, I got some new ideas from it that I can now put into practice.

deepakkumaarr 3 years ago

My vote is for revenue Sharing Sites

amsmoving profile image

amsmoving 3 years ago

thanks for the hub page, I must say that I didn't think of the different types of ways to generate passive income. Some of the ideas that you present in your hub page I will definitely take in to consideration. Interested to know, is an online business or a investment option the best option to generate effective passive income

Joe 3 years ago

It is indeed very possible to make decent passive income online, working in your own home. Check this out:

http://21butrich.webs.com/

Timid Networker profile image

Timid Networker 3 years ago from San Antonio

Hi emievil ...Excellent hub! Glad I found it!

Sachitsingh 3 years ago

Good ideas about how can you create passive income for more idea about how can you create passive income online just visit my site--

http://smartpassiveincomes.blogspot.com

breathe2travel profile image

breathe2travel 3 years ago from Gulf Coast, USA

You and your readers may also be interested in becoming travel insurance affiliates: http://www.trawickinternational.com/affiliate-prog

I wrote a hub about the program offered for insurance & travel agents, but there is also a "layman" affiliate program, which I linked above.

If you want to read my hub: http://hubpages.com/hub/Insurance-Travel-Agents-Ca

voted up.

lex123 profile image

lex123 3 years ago Level 1 Commenter

Among the many ways, I like the website making. If you make an informative website it will bring you passive income, with minimum efforts.

Covered Call Writing 3 years ago

Nice hub ... I spend a month or two every year around Subic Bay and North up in Botolan ... other ways for passive income if you are business oreinted:

1. Be a business match maker and take 20% of the incremental business. For example, maybe a dry cleaner or laundry service is near a movie rental store or groecery store. Arrange for some coupons to be handed out with the laundry for other goods. I did this with a movie rental (before online took over) and everyone made money.

2 Expand this concept to any business; if you have a cleaning service and are inside someone's home, you can see if they need carpet, paint, whatever. Be the toll person and take a percentage.

3. If you have money to invest, then selling covered calls for weekly and monthly income is very lucrative. You can check out more at my blog www.coveredcallswriting.net

kims3003 3 years ago

Very well thought out and written hub. Nice work!!

emanomer 3 years ago

I have just recently found your blog and absolutely love the posts. Thank you, thank you. I am still .NET programming but can't wait to try these things in Ruby and it is a great help to see such clear examples.

BabyGearGalore profile image

BabyGearGalore 3 years ago from Phoenix, AZ

You said you don't really know how affiliate programs works, but this article is even using them. Your amazon links are an example of affiliate income. If you are signed up for the Amazon Associates programs (and you enter your id on your hubpages affiliate tab), then when someone buys one of those Amazon books listed, you will get a commission from Amazon, ranging from 4-8% of the sale price. Hubpages also easily allows you to earn affiliate income from eBay, if you are a member of the eBay partner network. If you are not a member of these affiliate programs, you can still add them to your hubpages, but you won't earn any money from them.

-Kim http://hubpages.com/hub/Passive-Residual-Income-Bu...

Eddie  3 years ago

If you want to get a free ebook on the Perfect Business go to http://www.liveabetterlife.info

froch profile image

froch 3 years ago from Tychy

Thank you for so good hub! Vote up!

Maria Casperson 2 years ago

Thanks so much for this, really has helped!

For the last 3yrs I have been in financial difficulty, and the job I was working at did not earn enough to help me get by...I was desperate to get a passive income which would help contribute towards my income... so i searched and checked out many internet sites to try and learn how to do this, but did not come across anything that helped me the way I wanted it to.

Recently I attended a seminar on how to create a passive income, and I was amazed at the options open and available to normal everyday people like me and you!

The money making business is no longer in investing in shops, businesses, properties and stuff, but the internet is the place to be! Believe it or not, but people can make a HUGE turn over through 'Internet Marketing'!

I recently got this thing online (out of desperation to make money quick), and its helped me soooo much!! I've only used it for 8 days and already I have made £192 in profit! Now I know its not much, but i made that whilst doing nothing! Just simply followed the instructions and thats what I made! I'm going to take the next step and try and do it on a slightly bigger scale, so hopefully fingers crossed i can generate more of an income passively! =D

If anyone's interested its on;

http://2f9144qwy5m1v79gfjk0hjeqe0.hop.clickbank.ne...

Check it out, if you like it then get it! Its amazing! But if you don't then no problem!

Just thought I'd share and let people in my situation know not to give up because there are fantastic ways of having a passive income!

Lanre 2 years ago

Great job! There is need to note the power TEAM work for a wealthier life. Building a team to create passive income could be so exciting... Check up my site at http://gnlddistributor.hpage.com/ for details. Call me on +2348023979864

ilitek profile image

ilitek 2 years ago

I am learning on how to generate passive income now.Good learning for me.

Jash Angelia profile image

Jash Angelia 2 years ago

Nice Hub! Great ideas.

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Aceblogs 2 years ago from India

Well i have been investing in stock markets and running some online sites using affiliate links besides having a real life job in hand. You have discussed almost all good source of incomes to be made , great Hub

rony 2 years ago

Fluffy77 profile image

Fluffy77 2 years ago from Enterprise, OR

great Hub here, I would like to make a passive income too. So far I have yet to find much passive about most online work however. Much research and commitment and patience is almost always required. I just published a hub about this very thing here too a how too for FAA members like myself.I can see this site working well for me too. Again, a very informative and useful Hub here:)

Brett.Tesol profile image

Brett.Tesol 2 years ago from Somewhere in Asia Level 1 Commenter

Useful ideas. Have you tried peer-to-peer lending? I've written a hub about it and the returns so far have been excellent!

Thanks for SHARING.

Adam 2 years ago

Thank you for the info.

http://www.onlinebizopp.ws

appsdev 2 years ago

iPhone/iPad apps all the way! :) Its a very fast profitable growing marketplace. But to make apps that sell isf the trickiest part. These videos are brilliant for app marketing & business strategy: http://appempire1.com/aff/?p=Irishnh&w=ael1

daskittlez69 profile image

daskittlez69 2 years ago from midwest

Thanks for the tidbits :)

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Availiasvision 14 months ago from California Level 4 Commenter

Dividend stocks are one of the passive income generators. Not only does your principle generally increase, but you get a rising yearly, monthly, or quarterly income. If you pick good ones, and hold them long enough, you'll have a steady income forever, as well as a large portfolio. Yes, the stock market is risky, but if you buy a solid company ( Ex. Disney, they aren't going out of business soon!), and hold it for twenty years, it's bound to increase. If you pick a stock with a record of increased dividends, then your income increases yearly.

You can make a lot of money in real estate, but it is very risky and time consuming. Making money off of rental properties sounds great on paper, but there are all kinds of time stealing issues to deal with. If you want a high profit, then being your own property manager is a must, but comes with a price. You will have to do all of your own accounting, fixing of the property, finding tenants, dealing with insurance and liability issues ect. However, if you pass the property to a management company then the income from the property goes down.

Great hub, with fantastic ideas. Passive income is king. I wish I'd learned about it at the age of ten. Parent: Buy your kids some dividend stocks and force them to contribute some of their allowance to it. The earlier you start, the sooner you can retire. Best of luck to everyone!

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