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    Passive Income: Ideas - 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy - Includes Affiliate Marketing, Blogging, Dropshipping and Much More!
    Passive Income: Ideas - 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy - Includes Affiliate Marketing, Blogging, Dropshipping and Much More!
    Passive Income: Ideas - 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy - Includes Affiliate Marketing, Blogging, Dropshipping and Much More!
    Ebook154 pages2 hours

    Passive Income: Ideas - 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy - Includes Affiliate Marketing, Blogging, Dropshipping and Much More!

    By Chandler Wright

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    About this ebook

    Are you tired of working the same 9 to 5 job you hate? Are you sick of making your boss rich while you get paid pennies on the dollar? Are you tired of living paycheck to paycheck? Or do you just want to create the freedom to work from anywhere, anytime, with anyone you like? If any of these apply to you then this is the book you're looking for.

    Passive Income Ideas: 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy is an essential beginners guide to start creating a path toward financial freedom.

    Within this book, you will be introduced to 35 proven business models that you can do to start creating an income stream that allows you to work anytime, anywhere as long as you have a laptop and a stable internet connection.

    Inside this book, you will discover:

    • 35 of the best ideas for building passive income
    • Quick information on each of these ideas, who is it best for and how much money you can potentially make
    • Step-by-step guide on how you can get started with these ideas
    • Busting the myths about each of the business models
    • And much more..

    This book is designed to provide you with the information on all the different passive income business ideas and possibilities that you can jump in. Make use of the 'Who is it For' section as it can give you an idea if you are a person fit for that type of passive income idea.

    Passive Income Ideas 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy is a book that endeavors to inspire and motivate your goal in becoming your own boss and providing a second stream of income for yourself which can, in the long run, replace your full-time job.

    If you don't want to waste the rest of your life helping someone else get rich, then scroll up, click "Buy Now" and start building your passive income business today!

    LanguageEnglish
    PublisherChandler Wright
    Release dateJan 2, 2020
    ISBN9781393437437
    Passive Income: Ideas - 35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy - Includes Affiliate Marketing, Blogging, Dropshipping and Much More!

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      Book preview

      Passive Income - Chandler Wright

      Passive Income Ideas

      ––––––––

      35 Best, Proven Business Ideas for Building Financial Freedom in the New Economy

      PUBLISHED BY: Chandler Wright

      © Copyright 2019 - All rights reserved.

      The content contained within this book may not be reproduced, duplicated or transmitted without direct written permission from the author or the publisher.

      Under no circumstances will any blame or legal responsibility be held against the publisher, or author, for any damages, reparation, or monetary loss due to the information contained within this book. Either directly or indirectly.

      Legal Notice:

      This book is copyright protected. This book is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part, or the content within this book, without the consent of the author or publisher.

      Disclaimer Notice:

      Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, and reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.

      By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of information contained within this document, including, but not limited to, — errors, omissions, or inaccuracies

      Table of Contents

      Chapter 1 - What is Passive Income?

      Chapter 2 - How to Create Passive Income Streams

      Chapter 3- Passive Income Ideas

      Idea #1 - Affiliate Marketing

      Idea #2 - Blogging

      Idea #3 - Dropshipping

      Idea #4 - Amazon FBA

      Idea #5 - Self Publishing

      Idea #6 - Shopify

      Idea #7 - Freelance Virtual Assistant

      Idea #8 - Creating Online Courses

      Idea #9 - Building an Application

      Idea #10 - Online Auctions

      Idea #11 - Online Survey

      Idea #12 - Online Consultancy

      Idea #13 – Cryptocurrency

      Idea #14 - Make YouTube Videos

      Idea #15 - Online Fitness Instructor

      Idea #16 - Renting out space via AirBnB

      Idea #17 - Becoming a Silent Partner

      Idea #18- Cashback Rewards with Credit Cards

      Idea #19 - Renting Out Your Parking Spot

      Idea #20 - Network Marketing

      Idea #21 - Storage Rentals

      Idea #22 - Develop Design Elements

      Idea #23 - Website Domain Flipping

      Idea #24 - Selling T-Shirts Online

      Idea #25 - Placing Ads on Your Car

      Idea #26- Using Instagram for Passive Income

      Idea #27- Facebook Marketing

      Idea #28- Create a Podcast

      Idea #29 - Buy an Existing Online Business

      Idea #30- Franchise a Business

      Idea #31- Rent out your clothes

      Idea #32- Develop WordPress Themes

      Idea #33- Launch a Webinar

      Idea #34- Give Fashion & Product Reviews

      Idea #35- Help Someone Learn a Language through Skype

      Conclusion

      Thank you

      Chapter 1 - What is Passive Income?

      Earn money while you sleep? That strategy sounds like a dream, doesn’t it?

      The idea of passive income has been a goal for many, and it has long been the ideal way of generating income for entrepreneurs looking to generate a healthy income, without working the traditional 40-hour weeks and dealing with the pressures of daily duties and accompanying responsibilities

      When an income revenue is passive, it means that you do the work upfront once, and it requires very little or no maintenance to keep the money flowing. This doesn’t mean that maintenance can be forgotten or completely ignored. Most passive income models still require some sort of maintenance, and it is critical as an entrepreneur to track every bit of passive income you have, no matter how automated it is.

      Passive income is real, and it certainly is achievable. In my early 20s, I was able to build a business that currently generates over six figures a year passively. But for those who never built a business before, the fear of uncertainty and failure can cause them to not take action.  

      Once achieved, passive income is great, but to getting there certainly isn’t easy. You definitely need to invest some amount of time to get things started: and the truth is, time is far more valuable than money because time can only be spent once, then it is gone forever, unlike money which can be earned over every time.

      Before we transition and cover the many aspects of passive income ideas that you can create to automate your revenue, we must first understand the concept of passive income and what it is and is not. You’ll find plenty of posts on the web talking about ideas of passive income, how to go about it, and what it takes to get there but they never really go in depth. In this book, we’re covering each one in extensive details.

      ●  Passive Income and Interest

      When money is lent in an S-corporation or into a partnership acting as a pass-through entity by the owner of that entity, the interest gained on that loan into the portfolio income qualifies as passive income. According to the IRS, self-charged interest can be treated as passive income or passive activity deductions, only if the loan proceeds are utilized in a passive activity.

      ●  Passive Income and Property

      Very often, rental properties are considered passive income. There are a few exceptions to this rule, though. If you’re a real estate professional dealing solely in properties, then the income you make on the rental is actually your active income. Also, rental income is not considered passive income if you’re self-renting. It does not constitute passive income unless the lease has been signed before 1988.

      ●  Passive Income and the No Material Inclusion

      If an investor invests $100,000 in a bicycle store with the agreement that the investor gets a percentage of the earnings by the owners, this venture would be passive income for the investor, as long as the investor doesn’t contribute or participate actively in the business operation, other than placing an investment.

      The true benefit of passive income lies in the records of profits or loss. When a taxpayer records a loss as a passive activity, only the passive activity profits can be deducted instead of the entire income as a whole. It’s wise for a person to ensure that all his or her passive activities are classified as passive activities, so that one can make the most out of tax deductions.

      ●  Passive Income and Grouping Activities

      Grouping activities happen when a person groups two or more of one’s passive activities into a larger one. This forms the ‘appropriate economic unit.’ According to the IRS, when a taxpayer does this, they would only have to provide material participation for the activity as a whole and not in multiple activities.

      Chapter 2 - How to Create Passive Income Streams

      It’s not hard to understand what passive income means. While it’s easy to understand the concept, it does require work to produce the results. Passive income requires some form of investment of time, energy, and of course, money to make it worth the long run of minimal maintenance ahead.

      Based on the Internet’s capabilities, building a passive income stream has made this process easier. There are plenty of online passive income ideas you can embark in, and I personally believe the internet is the best place to start. So how do you create successful passive income revenues? In this chapter, we’ll explore how to go about creating a plan to produce this form of income, especially now that we have a better idea of what passive income is.

      It may not be easy, but it’s worth the effort. Here are some step-by-step ways to ensure you’re on the right path to acquire and work on your own passive income stream:

      Step 1 - It starts with an idea

      Of course, the first thing you should do is select the idea which you can work on the best. Later in the book we’ll discuss 35 business models that you can generate passive income with. I recommend you pick one from there. Which one you decide on is entirely an individual decision as it involves the unique situation including your passion, interest, skill sets, etc. If you have the means to purchase real estate or business investing or even in dividend stocks, then great. If not, you can look at other choices you have. For most people now, passive income is built from an online business. One of the biggest reasons being that there are plenty of ways that you can create passive income online that doesn’t require such a huge investment upfront. So, go through the business models listed in this book, then start by writing down which one works best with your situation now, and identify what resources you have to make this idea happen.

      Step 2: Setting your goals

      When you’ve selected on the passive income business you want to build, your next step is to set measurable goals and to start taking action. You need to invest

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