Start a blog.
Blogging is definitely not a "sit at home in your
underwear and make easy money" kind of activity. It requires diligence,
quality and time. However, blogging can be incredibly rewarding.
There is one common theme with all of the above methods for making side
income. Do you know what it is? They all take work. That's
right, you'll never achieve the kind of lifestyle you want if you don't work
for it. So get out there today and start hustling. You'll be able to quit
that job faster than you ever imagined.
Sell a product on Amazon.
A friend of mine, Chris from UpFuel.com, decided to sell products
on Amazon. He researched best-selling ideas, contacted a manufacturer in China
and had the perfect model designed, had the product shipped to Amazon's
fulfillment center in the United States and sells his product on the
site, making thousands of dollars a month in profit.
The best part? Chris doesn't ever touch the product, and it largely runs on
autopilot at this point.
Invest in real estate.
My eyes were first open
to the idea of "passive income" after reading Rich Dad Poor
Dad by Robert Kiyosaki. Although not a real-estate book, it taught me the
value of owning assets that produce income, which led me to real estate.
Real-estate investing is not always passive, and not always easy, but it can be
highly profitable.
Write a book.
Many people have dreams of writing a book, but very few ever do. They
think it's too hard, that they don't know enough, don't have enough time,
aren't smart enough or whatever other excuse they can come up
with. But the truth is: you can write a book, and that
book can help you make additional monthly income.
Sell your skills.
Chances are you are good at something in the business
world. Perhaps it's accounting, data entry, video production or writing.
Whatever you are good at, there are likely people out there
willing to pay you good money to run that part of their business for them.
Smart business owners know that they should focus on what they are good at, and
hire out the rest. This is where you can come in and make side income doing
what you love.
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