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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 great against double-digit stock returns but its dual everything you get from additional 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 who 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 each $10,000 invested. Now thats a year so youll need a bit invested to make that $5,000 per month but even a little portfolio will constantly be putting cash 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 standards for loans in which you want to invest and the application does the rest. It will search for loans daily that meet those factors and automatically invest your money. Its important because youre collecting money on your loan investments daily so you want that money reinvested as soon as possible. .
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The automatic investing tool on Lending Club makes the investment entirely passive. I could only check in on my account once a month or even more 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 known as Patreon. The website is encouraged as a crowdfunding website for creative people like artists and writers but really its own for anyone with a side-hustle idea.
Patreon is actually how the arts used to operate 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 website Patreon provides you the opportunity to get patrons to your own works. You build a community of people interested in your job, another use of a site that does double-duty for this passive income plan, and then ask them to make contributions every time you create something. .
Now patrons dont come away empty-handed, you offer benefits and copies of the job. So for a writer, you could offer copies of your books. You can promise to publicly thank patrons on your site visit their website or to promote something of theirs in the long run.
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 site for Kinda Funny, an internet video 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 and they get cheerleaders which are always happy to spread the word on their brand. .
Our last passive income source is creating your own brand and selling via Amazon FBA. This really is one of the very exciting income thoughts Ive seen in years. Amazon FBA makes it easy to start your own retail company, to market your own products.
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It was that you needed hundreds of thousands of bucks for manufacturing, marketing, logistics, everything that went into selling solutions. 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 blog from folks who have started stores through Amazon FBA. A couple of them are making high-income incomes in less than a year therefore $5,000 per month is readily achievable in less than that.
Making legitimate passive income isnt as difficult as you might think. Some of the very best passive income ideas may take a little time to install but can begin money flowing within a few months and will offer a consistent monthly income for years or more. The most important point is just to get started.