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what are some examples of low start up passive income streams I.E describe passive income streams...

what are some examples of low start up passive income streams

I.E describe passive income streams that require a minimal or no money to establish.

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Expert Solution

In today's connected world, there are many different ways of earning a passive income. Some of them are:

  • Invest your money: There are many different financial products in the market today, that don't require a ton of money and can still earn a decent return. One of them is crowd funded real estate. Real estate can be a great investment, and crowd funding makes it possible for small retail investors to enter this space as well. Other financial products include stocks, bonds and mutual funds, but investing in these instruments is only worthwhile when it is done regularly such as a small amount every month.
  • Start a youtube channel: Youtube provides a great platform for people to express themselves or maybe teach the world a skill that they know. Just think of a topic that you could make videos on, make sure to research the content that is already out there, and think of ways to make your content stand out. Youtube can be highly rewarding. There are many youtubers that are earning a decent amount and now are able to do it full time.
  • 3D printing: 3D printing is a beautiful technology that lets people with ideas make prototypes quickly, without burning a hole in their pockets. 3D prototyping is a very upcoming thing in which someone with a 3D printer provides a service of creating prototypes for other people. This does require an initial investment to buy a printer, but can be highly rewarding.
  • Sell products online: E-commerce websites such as amazon have made it really easy for anybody to sell online. All you need is to find a product that is unique or sell listed products at cheaper prices, and you can start to earn money really fast.
  • Rent free space at your home: Assuming that there is an empty room at your place, renting it out is a great option to earn a passive income.
  • Start a website: Today everybody surfs the internet to find something that they are looking for. If you are into content creating or if you have an idea of content that people at large would like to read or watch, consider creating a website. It doesn't take a lot of initial investment. The revenue streams are usually ad based, unless you create a subscription model. So, it is all about attracting as many people as possible to your website.

jeff jeffy answered 1 year ago
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