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Another investment that I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a few years now and have reserved returns only under 10%. Now that might not sound fantastic against double-digit stock returns but its double what you get from other fixed-income investments.
Investing in loans is nothing new. In reality, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their biggest buyers of loans are pensions and insurance companies.
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I average just under 10% annually on the loans so about $1,000 on each $10,000 invested. Now thats a year so youll need a bit invested to make that $5,000 a month but even a small portfolio will constantly be putting cash in your account. You receive paid principal and interest monthly on your loans so its a great cash flow investment. .
What I like about p2p investing on Lending Club is your websites automated investing instrument. You pick the criteria for loans in which you want to invest and the application does the rest. It will look for loans daily that fulfill those factors and mechanically invest your money. Its important because youre collecting money on your loan investments daily so that you want that money reinvested as soon as possible. .
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The automatic investing tool on Lending Club gets the investment completely passive. I could only check in on my account once a month or even less often. I know that app is going to keep investing my money for a stable and passive return.
Our next passive income notion is another twist on crowdfunding known as Patreon. The website is promoted as a crowdfunding website for creative people like artists and writers but really its for anyone with a side-hustle notion.
Patreon is actually how the arts used to work hundreds of years back. Back during the renaissance, artists used to ask the rich for their patrons to support their work through regular contributions.
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So now the website Patreon gives you the opportunity to acquire patrons to your own works. You build a community of individuals interested in your job, another use of a blog that will double-duty with this passive income strategy, and then ask them to make contributions every time you produce something. .
Now patrons dont come away empty-handed, you provide benefits and copies of this work. So for a writer, you could offer copies of your own books. You could promise to thank patrons on your site or to market something of theirs in the long run.
Even if each patron only contributes a very small amount each month, it can still be a massive source of check these guys out income. Have a peek at the Patreon page for Kinda Funny, an internet movie company. They have over 6,209 patrons which means an average of just $3 a month are a monthly income of nearly $19,000 and they get cheerleaders which are always happy to spread the word on their brand. .
Our last passive income source is creating your own brand and selling through Amazon FBA. This really is one of the very exciting income thoughts Ive seen in years. Amazon FBA makes it easy to start your own retail company, to sell your own products.
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It used to be that you needed hundreds of thousands of bucks for manufacturing, marketing, logistics, everything that went into selling products. Together with Amazon FBA, you contract with a manufacturer to send everything directly to Amazon warehouses throughout the country.
The manufacturer is going to put everything together, package it and even set your tag on it. Then you simply run your advertising and market everything from your webpage on the worlds largest internet shopping site.
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Ive got a couple of interviews on the site from people who have begun shops through Amazon FBA. Some of them are making six-figure incomes in less than a year so $5,000 per month is easily achievable in less than that.
Making valid passive income isnt as hard as you may think. Some of the best passive income thoughts might take a little time to set up but can begin cash flowing within a few months and will provide a consistent monthly income for many years or more. The most important point is just to begin.