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Another investment that I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a few years now and have booked returns just under 10%. Now that may not sound fantastic against double-digit stock returns but its double what you get from other fixed-income investments.
Investing in loans is nothing new. In fact, I guarantee you already have money in them via any pension plan or insurance. You see banks sell their loans to investors who need reliable money flow so their most important 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 calendar year so youll need a bit invested to create that $5,000 a month but even a small portfolio will constantly be putting cash in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .
What I enjoy about p2p investing on Lending Club is your sites automated investing tool. You decide on the standards for loans in which you want to invest and the application does the rest. It will search for loans daily which fulfill those variables and automatically invest your money. Its important because youre collecting money on your loan investments daily so you want to have that money reinvested as soon as possible. .
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The automatic investing tool on Lending Club gets the investment completely passive. I could only check in on my account once a month or even less often. I know that app is going to keep investing my money for a stable and passive return.
Our next passive income idea is another twist on crowdfunding called Patreon. The site is encouraged as a crowdfunding site 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 operate hundreds of years ago. Back during the renaissance, artists used to ask the wealthy for their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to get patrons to your own works. You construct a community of individuals interested in your job, another use of a blog that will double-duty for this passive income plan, and then ask them to make contributions each time you create something. .
Now patrons dont come off empty-handed, you provide rewards and copies of this work. So for a writer, you could offer copies of your own books. You could promise to thank patrons on your site or to promote something of theirs in the future.
Even if each patron only contributes a very small amount every month, it can still be a huge source of income. Have a peek at the Patreon page to get Kinda Funny, an internet movie company. They have over 6,209 patrons that means an average of only $3 a month would be a monthly income of almost $19,000 and they get cheerleaders which are always pleased to spread the word on their brand. .
Our last passive income source is creating your own brand and selling through 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. Together with Amazon FBA, you contract with a manufacturer to send everything directly my blog 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 just 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 site from folks who 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 achievable in less than that.
Making valid passive income isnt as difficult as you might read this think. Some of the best passive income ideas may take a little time to install but can begin money flowing within a couple of months and will provide a consistent monthly income for years or more. The most important point is simply to begin.