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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 booked returns only under 10%. Now that may not sound fantastic against double-digit stock returns but its dual what you get from other fixed-income investments.
Investing in loans is nothing new. In fact, I guarantee you already have money in them through 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 quite a bit invested to create that $5,000 per month but even a little portfolio will constantly be putting cash in your account. You receive paid principal and interest monthly on your loans so its a fantastic cash flow investment. .
What I enjoy about p2p investing on Lending Club is your sites automated investing tool. You pick the criteria for loans in which you want to invest and the program does the rest. It will look for loans daily which meet those factors and automatically invest your money. Its important because youre collecting money on your loan investments every day so you want that money reinvested as soon as possible. .
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The automatic investing instrument on Lending Club makes the investment completely passive. I could only check in on my account once per 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 called Patreon. The website is promoted as a crowdfunding website for creative people like artists and writers but its for anyone with a side-hustle idea.
Patreon is really how the arts used to work hundreds of years back. Back during the renaissance, artists utilized to ask the rich for their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to acquire patrons for your own works. You construct a community of individuals interested in your job, another use of a site that does double-duty with this passive income plan, and then ask them to make contributions each time you produce something. .
Now patrons dont come off empty-handed, you provide rewards and copies of the job. So for a writer, you might offer copies of your own books. You could promise to thank patrons on your site or to promote 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 income. Take a peek at the Patreon page to get Kinda Funny, an internet video company. They've over 6,209 patrons that means an average of just $3 a month are a monthly income of nearly $19,000 plus 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 via Amazon FBA. This really is one of the most exciting income ideas Ive seen in years. Amazon FBA makes it effortless 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. Together with Amazon FBA, you contract with a manufacturer to ship everything directly 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 simply run your advertising and sell everything from the webpage on the worlds largest internet shopping website.
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Ive got a few interviews on the blog from people click for more who have started shops through Amazon FBA. Some of them are making six-figure incomes in less than a year so $5,000 a month is readily attainable in less than that.
Making legitimate passive income isnt as difficult as you might think. Some of the very best passive income thoughts may take a little time to install but can start cash flowing within a couple of months and will provide a consistent monthly income for years or longer. The most important point is simply to begin.