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Another investment that I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of years now and have reserved returns only under 10%. Now that may not sound great against double-digit stock returns but its double everything you get from other fixed-income investments.
Investing in loans is nothing new. In reality, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash 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 so about $1,000 on every $10,000 invested. Now thats a calendar year so youll need quite a bit invested to make that $5,000 a month but even a little 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 pick the standards for loans in which you want to invest and the program does the rest. It will look for loans daily that meet those variables and automatically invest your money. Its important as youre collecting money on your loan investments every day so that you want to have that money reinvested as soon as possible. .
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The automatic investing instrument on Lending Club gets the investment completely passive. I might only check in on my account once per month or even more often. I know that app is going to keep investing my money for a secure and passive return.
Our next passive income idea is another twist on crowdfunding known as Patreon. The site is encouraged as a crowdfunding website for creative people like artists and writers but really its for anyone with a side-hustle idea.
Patreon is actually how the arts used to work hundreds of years ago. Back during the renaissance, artists used to ask the wealthy to be their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to acquire patrons for your own works. You build a community of people interested in your job, another usage of a site that will double-duty for this passive income strategy, and then ask them to click here for more info make contributions every time you produce something. .
Now patrons dont come away empty-handed, you provide benefits and copies of this job. So for a writer, you could offer copies of your own books. You could promise to publicly thank patrons on your blog or to market something of theirs in the long run.
Even if each patron only contributes a very small amount every month, it can still be a huge source of income. Take a look at the Patreon site to get Kinda Funny, an internet movie company. They've over 6,209 patrons which means an average of just $3 a month are a monthly income of nearly $19,000 plus they get cheerleaders that are always happy 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 thoughts Ive seen in years. Amazon FBA makes it effortless to start your own retail company, to market 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 solutions. With Amazon FBA, you contract with a manufacturer to ship everything straight to Amazon warehouses across the country.
The manufacturer is going to put everything together, package it and even set 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 few interviews on the site from people that have begun stores through Amazon FBA. A couple of them are making high-income incomes in less than a year so $5,000 a month is readily achievable in less than that.
Making valid passive income isnt as hard as you may think. A number of the best passive income ideas may take a little time to set up but can start money flowing within a few months and will provide a consistent monthly income for years or longer. The most important point is simply to get started.