Real Estate Investing is one of the best ways to make a passive income. Rental properties is most common type of passive income, although rental properties require money up front they can become very lucrative in the long run. The key to real estate investing is doing it right. I highly recommend you check out this book before starting down the Rental Property path: The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!
Design an Online Course
If you have a skill and know how to do something better than most people designing an online course is something you should check out. Online courses are something that once you create them they are done and all you have to do is market them. Writing courses can be difficult but there are several websites that make it easier for you to publish your course.Monetize Present Knowledge: How to Create an Online Course to Sell Your Knowledge
Create or Purchase a Blog
At first Blogs are not passive income they require a lot of work to get started, but once they are started there are so many ways to monetize your content it can become passive income. If creating a blog from scratch doesn’t sound like something you would want to do, there is the option to purchase a blog that is already generating a monthly income. Check out Flippa its the best place to buy/sell a blog. Or if your looking for a way to create your own blog Check out First Steps in Starting a Blog.
Dividend stocks have been around for a long time and are a proven way to make a passive income if you have the money to invest up front and if you don’t mind the risk when investing in stocks. Check out: 5 of the Best Dividend Stocks to Buy in February