How to Make Passive Income Without Investment in 2020

How to Make Passive Income Without Investment in 2020?

Passive income seems to be the Holy Grail of personal finance. I mean, when it comes to income, what could be better than earning without having to change your time for dollars?

There are two main routes to obtain passive income: invest money to make this happen or invest time to make it happen. But is there a third option? Something like.

I have written about passive income before (you can see more than 20 passive income ideas here) but today I wanted to address another question that often arises: How can I create passive income without money?

Can passive income be created without a financial investment?
Passive income can be obtained in two ways. The first is to make your money work for you. This could be done by investing in the stock market, real estate or a business.

I am extremely optimistic about real estate investment at the moment, and can start with just a little money. You can start investing in real estate for just $ 5,000 on platforms like Clickbank. Another similar platform is FundRise, with only a minimum of $ 500.

The second way to obtain passive income is to invest your time. For example, a side hustle can begin.

While it is definitely possible to obtain passive income without money, it is not easy. It will require a lot of initial hard work and comes without guarantees.

If you want to give it a try here we show you how to create passive income without money.

Create an information product
If you have experience in a particular subject, you can create an information product and sell it online. This could be a course, a guide or an ebook.

Here are some examples:

Rosemarie Groner of Busy Budgeter earned more than $ 58k in January selling two short informative guides and a personal finance book. (Note: you spent a lot of money on Facebook advertising to reach that level, but that is NOT necessary when you are just starting).
Greg Jeffries earned more than $ 30k in a year by creating online courses. Also share where you can sell those courses.
The information product that you believe could be on any subject. If you need some ideas, visit Amazon and start looking for some of the best-selling book themes and see if any of them match your experience. (Even if they don't, it doesn't mean there isn't a market for what you have to share!)

Write a Kindle ebook

Another popular way to earn passive income without down payment is to write an ebook and sell it on Amazon through the KDP program.

KDP stands for Kindle Direct Publishing and is Amazon's program for desktop publishers. While you will have to write your book, find out the Kindle format and create a cover design, it costs you nothing to publish a book through Amazon.

If your Kindle eBook is priced at $ 2.99 to $ 9.99, you will receive a 70% royalty on the sale price of each book. When your book is priced less than $ 2.99 or more than $ 9.99, you will only receive a 35% royalty.

If you want to see a real-life example, Steve Gillman of the Penny Hoarder shares how he earned $ 2,000 from a Kindle eBook. It covers your writing process, marketing strategies and other key conclusions.

Sell ​​Stock Photos

If you are a freelance photographer or you simply like to take photos and you are good at it, you can earn a passive income by selling your photos online.

Different sites will have different rules and commission rates. However, there are many different places to which you can send photos.

The best thing about selling stock photos is that many people can buy a photo.

You can find 13 places to sell your stock photos here along with commission rates and more.

Consider multilevel marketing

Multilevel marketing can leave a bad taste in people and I understand it completely. In fact, there is nothing like logging into Facebook and seeing a dozen people trying to sell an MLM product. I get it.

However, it is not necessary that all multilevel marketing be done that way. If you can find a product that is really useful and that tells people anyway, then you have a good chance of making MLM work.

But be careful with MLM companies that focus extensively on recruitment or strongly encourage you to buy more and more of your own products. MLM may work, but it can also fail you.

Sell ​​your class notes

Are you a university student? If your answer is "Yes" and you prove to be an excellent note taker, you can sell your class notes for passive income.

Study Soup has a program that allows university students to upload notes and study guides and sell them to other students who need help.

Top note takers have earned up to $ 2,300 per semester. You can find more here.

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