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Another investment 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 might not sound great against double-digit stock returns but its dual everything you get from other fixed-income investments.
Investing in loans is nothing new. In reality, I guarantee you already have money in them through 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 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 per month but even a small 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 criteria for loans in which you want to invest and the application does the rest. It will look for loans every day that fulfill those factors and automatically invest your money. Its important as 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 instrument on Lending Club gets the investment completely passive. I might only check in on my account once per 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 website is promoted as a crowdfunding website for creative people like artists and writers but its for anyone with a side-hustle notion.
Patreon is actually how the arts used to operate hundreds of years ago. Back during the renaissance, artists utilized to ask the rich to be their patrons to support their work through regular contributions.
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So now the site Patreon provides you the opportunity to acquire patrons for your own works. You build a community of people interested in your work, another use of a blog that does double-duty with this great site passive income plan, and then request them to make contributions every time you create something. .
Now patrons dont come away empty-handed, you provide rewards and copies of the work. So for a writer, you might offer copies of your own books. You can promise to publicly thank patrons on your blog or to promote something of theirs in the future.
Even if each patron only contributes a very small amount each month, it can still be a massive source of income. Have a peek at the Patreon site for Kinda Funny, an internet video company. They have over 6,209 patrons which means an average of only $3 a month would be a monthly income of almost $19,000 plus they get cheerleaders which are always pleased to spread the word on their brand. .
Our past 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 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 products. With Amazon FBA, you contract with a manufacturer to ship everything straight to Amazon warehouses throughout the country.
The manufacturer is going to put everything together, pack it and even put your label on it. Then you simply run your advertising and market everything from the page on the worlds largest internet shopping website.
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Ive got a couple of interviews on the site 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 a month is easily attainable in less than that.
Making valid passive income isnt as difficult as you might think. Some of the best passive income thoughts may take a little time to install but can begin cash 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.