Make Money Online: The Easy Way

Today I decided to talk about making money online and how we can introduce this into your current passive income stream portfolio. When you begin to look at making money online the choices are overwhelming and who knows which ones work? With options like eBay, Google adsence, ClickPay and many more the options can be overwhelming.

First of all you have to ask yourself: “Can I make this work for me the way I want it to?” unless you are selling digital copies you will have to organise a way to automate your projects, this can be very difficult and extremely time demanding to set up. That’s why I recommend sticking to digital copies. Personally I would start off with something simple like and eBook that can easily be submitted to sites like amazon, lulu, and the iBook Store etc.  Once you have created your account these companies allow you to simply set your asking price and will then deposit the sales revenue directly into your bank account after taking out their commission. The other upside to digital copy sales is that you don’t need cumbersome assets and it is free to set up. Even if you are not the kind of person that would be able to sit down and write a book you also have the option of purchasing licencing rights to other books, this gives you the right to sell the books after paying a one off fee. I personally have purchased the rights too many books with great results. I have seen book rights going for as little as $2 right up to about 3 to 4 hundred dollars.

EBooks not for you? Try your hand at YouTube videos, online surveys, affiliate marketing (witch I will going in a few posts time because it is a very interesting and rewarding topic), Blogging or even sign up referrals.

Now let’s talk about eBay as inciting as eBay can seem it is really only useful for selling your unwanted good. This is because all the niche markets have been filled and the competition from china with our strong dollar is making it impossible to compete. This combined with the inability to completely automate a endeavour like this is near to impossible. However eBay is still a fantastic medium for making money online with the sale of digital assets and intellectual property with the help of companies like Google checkouts this operation could be completely automated and you wouldn’t have to pay commission to the eBook stores.

Recomended Passive Income Streams

Today I'm am going to share with you a few of my favourite and successful techniques to begin creating passive income streams.

When deciding on witch passive income streams to begin with you need to consider you current financial situation, how much you are willing to invest and how much you want to make. Remember it is possible to create passive income streams without having to invest any money at all but the downside to this is the revenue is often less and the amount of time to set up the income streams are often more intensive. However it is understandable that you are viewing this blog because you need more money so below are a list of idea that I begun of with and that still work for me today that require no maintenance and offer a steady although small stream of revenue. When starting out remember you need to start small. the key is lots of small streams the generate wealth for as long as they remain active.

• Write an Ebook
• High yield investment account (also know as long term deposit)
• Dividends from shares
• Renting Vending Machines
• Royalties from intellectual property

These are just a few of the Income streams I begun with but their are literally endless ideas one of the most common passive income streams today is housing rentals and this is what the majority of my income is produced by today, this option is great because it can also be used in conjunction with negative gearing as well as the property value increasing with the housing marked.

In the next post I will talk more about how to begin building you passive income streams and any cost involved as well as running them as a business and tax obligations involved.

For now I would like to invite you to comment and for the passive income earners among you to suggest any passive income ideas that you might like to share.