Let's be honest. The idea of passive income is incredibly sexy. You sit in your pajamas and every day passively earn an income that you created. The truth is that there are very few truly passive income models and all that are worth doing are far from being passive at first. Some people consider that YouTube is a passive source of income. I tend to disagree with this. I do not think that people understand how much work is initially dedicated to the growth of a channel.
If you are willing to invest hours, you can generate income streams that have the potential to become passive. The truth is that, however, many of the old passive income models no longer work. These four, however, are current and up-to-date. These four passive income models work in 2017 and will continue in the future.
1. Write a specific niche blog.
Blogs have always been a way to generate a passive income. But now it's 2017 and the days of publishing a stubborn blog that talks about random topics have ended, unless you're very lucky. For the rest of us who do not trust luck, there are niche-specific blogs. These are blogs that delve into a very limited topic. They are authoritative and very specific. This is the main problem that people do with this, they do not go deep enough. If you think you have found a niche, it gives about 5 more layers of depth. For example, dog grooming is not a niche. Preparing a cup of yorkie tea is a niche theme. You can earn passive income from a niche blog by placing ads on the site, selling a product that you make yourself, selling a resource or a guide, or making sales of the products you refer to.
2. Write an ebook.
EBooks are a great model of passive income, but you need to know how to sell them. It does not matter if you have the best guide that has been written about the construction of a tarantula terrarium if nobody buys it. You need to learn to sell your eBook, not just how to write it. Your ebook must also be specific to a specific niche. You want to share your experience about something you already know a lot about. You can write a manual, a guide, a guide for beginners. There are many options. You can generate passive income by selling the e-book or you can take advantage of the e-book to generate leads for an advisory service or have others sell it as affiliates on sites like ClickBank.
3. Enter AirBnb.
If you have vacant properties, a vacant room, a cabin in a tree or leave your own house for weeks of the year, you can rent them to a guest. While this is not completely passive, it is a great trend in which people are getting involved. Even better, if you have local attractions in the area, you can rent out your free spaces for a higher price.
4. Rental income.
The last model of passive income for 2017 is rental income. This is the model of passive income of proven effectiveness that had turned many people into millionaires. While it is not passive at first, it can become passive once you have enough properties and a management company involved. It is likely that this model of passive income will bring you the greatest amount of money, but it is the most difficult to start.
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Video credits to Ryan Scribner YouTube channel