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Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of years now and have booked returns just under 10%. Now that might not sound fantastic against double-digit stock returns but its double what you get from additional fixed-income investments.
Investing in loans is nothing new. In reality, 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 about $1,000 on every $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 money 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 decide on the criteria for loans in which you want to invest and the application does the rest. It will look for loans every day that fulfill 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 gets the investment entirely passive. I could only check in on my account once a month or even less often. I know that program is going to keep investing my money for a secure and passive return.
Our next passive income notion is another twist on crowdfunding called Patreon. The site is promoted as a crowdfunding website for creative people like artists and writers but really its own 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 website Patreon gives you the opportunity to acquire patrons for your own works. You build a community of people interested in your work, another usage of a site that does double-duty for this passive income strategy, and then request them to make contributions every time you produce something. .
Now patrons dont come away empty-handed, you provide rewards and copies of the job. So for a writer, you might offer copies of your books. You can promise to thank patrons on your blog or to market something of theirs in the future.
Even if every patron only contributes a very small amount each month, it can still be a massive source of income. Take a look at the Patreon page to get Kinda Funny, an internet movie company. They've over 6,209 patrons which means an average of only $3 a month would be a monthly income of almost $19,000 plus they get cheerleaders which are always pleased to spread the word on their brand. .
Our past 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 products. With Amazon FBA, you contract with a manufacturer to send everything straight to Amazon warehouses across the country.
The manufacturer is going to put everything together, package it and even put your tag on it. Then you simply run your advertising and market everything 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 stores through Amazon FBA. A couple of them are making six-figure incomes in less than a year so $5,000 a month is easily attainable in less than that.
Making valid passive income isnt as difficult as you may think. Some of the best passive income thoughts may take a little time to set up but can begin money flowing within a few months and will offer a consistent her latest blog monthly income for many years or longer. The most important point is simply to get started.