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How To Create Passive Income With No Money
+ My #1 Secret Bonus Tip  (That Could Make All The Difference to Your Success)
📍Summary: In this post you’ll learn how to create passive income with no money, or just a little money to get started. Read on to discover how you can begin creating passive income today.
Before we dive in, let me aswer the question... What exactly is passive income? Let’s clarify that upfront. To be clear, passive income is where you get paid again and again for work that you do one time. 

Passive income is the only pathway to time freedom and the ability to choose what you do with most of your time while here on this Earth.

Although there are lots of ways to create passive income, as with anything, each method has unique potential, requirements and possible barriers to entry.

Some industries where it is possible to create passive income are harder to get into, require advanced knowledge or specific training not always easy to achieve, particularly when we are looking at how to create passive income with no money. 

Legitimate ways to make money while you sleep are not always easy and there are additional things to consider as you look into each option.

For example, you’ll need to take your talents, education, and unique qualities into consideration when investigating if a passive income strategy is a good fit for you, or not.  

You don’t want to get stuck in an industry or business direction that isn’t right for you, so consider carefully what you’re passionate about, what experience you already have in life, and what unique skill-sets you already have that could advance you toward your goals quicker.

Let's get to it...

Here’s some ways you could create passive income, particularly if you’re searching for ways to do it without investing any cash:

 Create a Rental Business (with stuff you already own):

Think beyond real estate… although renting property is certainly an option for bringing in some cash on a regular basis. However, many people don’t consider that you can actually rent out anything you have of value. 

Expensive Items that people might only need to use once are best. 

The rental industry continues to grow according to the latest industry statistics and consumer data. 
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 It's possible to bring in a nice residual cash flow stream through this little passive income strategy. Sites like Craigslist can be a great place to advertise your items for rent. Just make sure to get a current photo ID and some sort of proof of address from renters before handing over the goods.
Items You Could Rent Out:
 • Video Camera Equipment
 • Folding Tables and Chairs
 • Fishing & Camping Supplies
 • Extension cords and ladders
 • Space Heaters and Fans
 • Sporting Equipment
 • Pressure Washers
 • Paper Shredders
 • Carpet Cleaners
 • Utility trailers
 • Leaf Blowers
 • Generators
 • Power Tools
 • Snowmobiles
 • Log splitters
 • Chainsaws
 • Hand trucks
 • Wheelchairs
 • Bicycles
 • Mowers
PROS: It’s a fast and easy way to create passive income with no money if you have any of these items laying around, rarely being used. 

CONS: You’ll need to protect yourself by requiring a security deposit and creating a legal rental agreement that your renters must be willing to sign. Your personal privacy could also be an issue. You’ll need to consider places to meet to do the transactions and hand over the rented items, since you most likely don’t want strangers regularly coming in and out of your property or knowing where you live.


 Create & Publish an eBook or Audiobook

70% of online purchases of adult fiction & nonfiction are ebooks & audiobooks, and online consumer dollars skew mostly digital, too.

According to the latest Author Earnings Report: US online book sales, they recorded:

– $1.3 billion in individually tracked ebook sales

– $490 million in individually tracked audiobook sales

– $3.1 billion in individually tracked online hardcover and paperback purchases.
 
Source: Author Earnings http://bit.ly/2Bx1c7K 
This was just for the first 9 Months of the year. So obviously, a lot of people are making a profit with this passive income stream.

Once the initial work of creating the book is done, selling books can be a great way to produce some serious residual income.

PROS: There’s never been an easier time to become a published author. All the old barriers have come down that formerly held people back from and writing and publishing a book on sites like Amazon. Self-puplishing has become an easy, streamlined process that makes it a great method to creating passive income with no money

CONS: Writing a book does take time. Developing a strategy to promote your book so you’ll make enough sales to give you a passive income stream, will require an effective marketing plan. You can still do it all with no money, but you’ll need some knowledge on how to properly structure your writings and you’ll have to be creative when it’s time to promote it.



 Create A YouTube Channel:

YouTube racks up over 1.8 billion logged-in users each month, nearing Facebook's 2 billion.

The number of creators on YouTube earning five figures per year jumped 35%, while those earning six figures increased by 45%

YouTube’s Net US Ad Revenues, 2015-2018 (billions, % change and % of Google net ad revenues:
Source: eMarketer  http://bit.ly/2BwCi86  
 Searches of “how to” videos on YouTube are growing 70% year on year! 


This is how it works… Each time someone watches one of your videos, ads can appear and you make money from the ad revenue youtube takes in. YouTube shares a a small cut of the profits they receive when advertisers pay for that exposure. So the more popular your videos are, the more video views you’ll get and the more money you’ll make over time. 

PROS: It’s easy to do. You can set up a youtube channel in 15 minutes and creating video content can be as simple as shooting short videos with your phone and uploading them to YouTube. You could literally create a channel and create a batch of videos to upload in just one afternoon. The trick is making videos with the right titles, descriptions and tags that are phrases people are actually searching for. 

CONS: You’ll need to make over 100 videos if you really want to generate enough money for the effort. 

• It does take time to craft a successful YouTube channel and build a large enough subscriber base that gets enough video views on a regular basis to bring in a decent passive income stream. 

• You’ll have to have patience and be willing to invest a hefty amount of time up front, but there is potential for you to make passive income from each video indefinitely.


 Sell Photos

You can build a nice little passive income by taking pictures. A photo can sell again and again to multiple clients. You'll earn money every time.

If you’ve got an eye for contrast, color, and composing digital photographs, you can create an account and upload your photos to sites like Shutterstock and apply for them to be approved, If approved, each time a customer purchases one of your photos you’ll get a paid a royalty. That’s usually how it works, but every platform is different so make sure you read the details of any site you work with. 

PROS: If you have a knack for photography you’ll enjoy being on the move and taking snapshots of interesting subjects. 

CONS: Images that have commercial value and a profitable potential require a working knowledge of lighting, composition, and the commercial viability of any particular subject matter. Additionally, a great deal of planning is required to create a really good batch of images. You’ll need to get legal releases signed by any models and make sure you show up at just the right time to capture any news worthy photos you hope to sell. 

Here’s some details that might be helpful when looking at different partner platforms you can use to build this kind of income stream:

• Shutterstock declares that over the last 15 years, they’ve paid out More than $500 million worldwide to their community of contributors.

• Alamy offers photographers a huge 50% royalty payment on each photo sold. 

• SmugMug Pro lets you keep 85% of the markup for your images.

• iStockphoto pays a minimum of 15% of any sales but if you attain “Exclusive” status, your earnings can increase up to 45%. 

• EyeEm is a free app to help you sell your photos online. You’ll Make 50% Every Time You Sell

• Adobe’s Fotolia is a site that offers royalties of between 20-46% for every time one of your photos or videos sells.


Affiliate Marketing 

 There are certain products and services offered online that anyone can promote and get paid ongoing commissions to do so. With affiliate marketing, anyone can promote a third party’s product by including a link to the product on their site, social media profile, in an email or any other content online where someone might see your affiliate link and click. The trick is to abide by certain guidelines and choose carefully which offers you promote.

Firstly, you’ll need to make sure to choose offers to promote that are trending up as a topic of interest, to tap into a niche with a potentially profitable outlook over time. This is critical.

The offer needs to be in a niche that’s hot as well as news worthy.  This will insure an easier path to potentially raking in future income quickly. 

You'll likely want avoid niche markets overly saturated with competitors, as it will mean you’ll be fighting too much competition for the attention of possible customers.


PROS: The sky is the limit on how much you can potentially earn! Seriously, this method is an incredible way to achieve financial freedom without having to create, stock, and ship products. 

Additionally, you won’t have to deal with charge-backs and returns. There’s also zero expectations for you to provide any support after the sale because that’s what the company paying you does. You can forget about all that stuff and focus all your time and energy in getting exposure for your links.

CONS: If you’re a beginner, you’ll need to make sure you find an affiliate offer to promote that’s backed up with a strong support with ongoing guidance and marketing assets already created for you to use instead of having to learn and create all that stuff yourself. 

You see, to promote anything online, you’ll need to create content and build a following of people interested in that content. You’ll need to hire a copywriter if you’re not up for the task of writing all the blog posts, emails, and social media posts you’ll need in order to get clicks on your affiliate link. But there are ways to skip all that work, if you choose the right affiliate opportunites (like the one I mention at the end of this post).

Bottom Line...There is no “one size fits all” approach to creating passive income streams. What methods you decide to use to earn passive income should depend upon your own personal interests and the timeline you’d like to follow to achieve the financial goals you want to attain. But having a few ideas on what’s possible, like some of the one’s in this article, is a good start. 

Last, but not least, I as promised:

My #1 Secret Bonus Tip That Could Make All The Difference in Your Success

Find a hot, trending niche in a new emerging market to create your passive income streams. 

It's very important.

You don’t want to get involved in an opportunity where you’re the last player to the game. Right? 

You want to be on the front of any money-making method, when it's fresh and exciting; where the potential for exponential growth is possible. 

There are many ways to achieve this but you'll need to investigate trending niches that are new, and not overly saturated with competition

You want to find something to tap into that has a profit potential that's truly long-term. 

If you’re not sure how to do the extensive research you should do, or how to analyze the data, 

Here's one perfect niche opportunity I'll to share with you today...

I've already done all the heavy research on it for you. You're welcome :)

It has all the right criteria you should look for and has the potential to build you an incredible passive income stream...without spending a dime to get started.

It's within a booming market expected to grow 700% by 2020. 

Are you excited yet?

Click here to LEARN MORE and discover how you can get started for FREE. 

Yes, I'm saying... there's absolutely no credit card required (for a limited time).

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