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Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of decades now and have booked returns only under 10%. Now that may not sound great against double-digit stock returns but its dual everything you get from other fixed-income investments.
Investing in loans is nothing new. In fact, I guarantee you already have money in them via any pension plan or insurance. You see banks sell their loans to investors who need reliable money 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 per month but even a small portfolio will constantly be putting cash in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .
What I enjoy about p2p investing on Lending Club is the sites automated investing tool. You pick the standards 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 as youre collecting money on your loan investments every day 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 entirely passive. I might 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 secure and passive return.
Our next passive income idea is another twist on crowdfunding known as Patreon. The site is promoted as a crowdfunding site for creative people like artists and writers but really its for anyone with a side-hustle idea.
Patreon is actually how the arts used to work hundreds of years back. Back during the renaissance, artists utilized to ask the wealthy for their patrons to support their work through regular contributions.
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So now the site Patreon provides you the opportunity to get patrons to your own works. You construct a community of individuals interested in your job, another use of a blog that does double-duty for this passive income strategy, and then ask them to make go to my site contributions each time you produce something. .
Now patrons dont come off empty-handed, you provide benefits and copies of this work. So to get a writer, you might offer copies of your books. You could promise to publicly thank patrons on your blog or to market something of theirs in the long run.
Even if every patron only contributes a very small amount every month, it can still be a huge source of income. Take a look at the Patreon site for Kinda Funny, an internet movie company. They've over 6,209 patrons which means an average of just $3 a month would be a monthly income of nearly $19,000 plus they get cheerleaders that are always happy to spread the word on their brand. .
Our last passive income source is creating your own brand and selling via Amazon FBA. This really is one of the very exciting income ideas 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 dollars for manufacturing, marketing, logistics, everything that went into selling solutions. With Amazon FBA, you contract with a manufacturer to send everything straight to Amazon warehouses throughout the country.
The manufacturer is going to put everything together, pack it and even set your tag on it. Then you just run your advertising and market everything more information from your page on the worlds largest internet shopping site.
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Ive got a couple of interviews on the site from folks that have begun shops through Amazon FBA. A couple of them are making six-figure incomes in less than a year therefore $5,000 a month is easily achievable in less than that.
Making valid passive income isnt as hard as you might think. Some of the best passive income ideas may take a little time to set up but can start money flowing within a couple of months and will provide a consistent monthly income check this for many years or more. The most important point is simply to get started.