Negative income ... 8 ways to earn money and you are lying on your back
What is negative income?
There are three main categories of income: active income, negative income, and Portfolio Income wallet. Negative incomes include the gains obtained from the rent of real estate, limited partnerships, or other works in which a person does not actively participate, as if he is a silent investor.
Accordingly, the income that requires little effort to keep it is a negative income. It can be an additional income from a leased property, the stock market or a company that does not actively participate.
With negative income, you do not replace your time money as you do in a 9 to 5 job, but instead, you create or buy originally you can sell or achieve a return from it.
Unpredictable income comes in two main forms. Each one provides a different way to generate income, and can be used individually or alongside, depending on your financial goals.
How to earn money while you are lying on your back?
This is the most important question, and it is fortunate that the answer to it is not the same, because the options are very many, and you only have to choose from among them what suits you, so how do you earn money and you are asleep then? Think about the following alternatives ..
1.Create a training course
One of the common strategies for negative income is to create a sound or video course, then put it for sale and wait for the flow of money by selling it. The courses can be distributed and sold through sites such as Udemy, Skillshare and Coursera.
Instead, you can also think of the "Freeemium Model", which is the creation of followers with free content and then imposing fees for more detailed information or for those who want to know more. For example, language teachers may use this model.
Free content works as evidence of your experience, and may attract those who look forward to moving to the next level and depth in knowledge. Training courses can undoubtedly achieve excellent income; Because you make money easily once you are finished and sold.
2.Writing an electronic book
Writing an electronic book can be a good opportunity to take advantage of the low cost of publishing and even take advantage of the global distribution of the Amazon website; You can display your book to millions of potential buyers. E -books can be relatively short, perhaps from 30 to 50 pages, and it may be relatively cheap in cost; Because it depends on your own experience.
You will need, then, to be an expert in a specific topic, but the topic may be appropriate and use some special skills or capabilities that only a few writers offer but many readers need it. You can quickly design the book on an online platform and then marketing different addresses.
But just as with the training course design, a lot of value comes when you add more e -books to this mixture; What attracts more customers to your content.
The e -book works not only to provide good information and value to readers, but also as a way to attract traffic to your other offers, including audio or visual courses, other e -books, or web, or it is likely to be higher value, seminars.
3.Income from rents
Investing in leased properties is an effective way to earn negative income. But it often requires more work than people expect. If you don't take enough time to learn how to make it a profitable project, you may lose your investment.
There are some questions that must be taken into account: Is there a market for your property? What if you got a tenant to pay late or damage the property? What if you are unable to rent your property? Any of these factors can significantly affect your negative income.
Economic shrines can also make challenges; You may suddenly have tenants who are no longer able to pay the rent, while you still have your own real estate mortgage to be paid. Or you may not be able to rent the house with the amount of money you could before, because the income decreases. Not to mention that housing prices are rapidly rise; This is partly due to the relatively low mortgage rates; So your rents may not be able to cover your expenses. You will want to evaluate these risks and develop emergency plans to protect yourself.
4.Affiliate Marketing
Through commission marketing, web owners or "influencers" work on social media or bloggers to promote a product belonging to an external authority; By including a link to the product on their website or account on social media.
Amazon may be the most famous subordinate partner, but Ebay, Awin and Shareasale are among the biggest names as well. Instagram and Tiktok are huge platforms for those looking to promote commission products.
You can also consider creating an e -mail menu to draw attention to your blog or direct people to the products and services you may want.
When the visitor clicks on the link and performs a purchase from a company belonging to an external authority, the site owner gets a commission. The commission may range from 3 to 7%; So it is likely that it takes a large traffic to your site to generate a large income. But if you can develop your followers, you may be able to earn a lot of money.
Communication marketing is negative because, in theory, you can only earn money by adding a link to your site or your social media account. In fact, but you will not earn anything if you cannot attract readers to your site to click on the link and buy something.
5.Selling photographs online
The sale of photographs online may not be the most obvious place to create a negative work, but it may allow you to expand your efforts, especially if you can sell the photos themselves over and over again.
To do this, it should work with an organization like Getty Images, Shutterstock or Alamy, and to start in this field, you must be approved by the platform, then you license your photos for use by anyone who downloads them.
The platform then pushes you every time someone uses your image.
You will need pictures that attract a specific audience or represent a specific scene, and you will need to locate the request. Pictures can be shots with models, landscapes, creative and more scenarios, or can capture real events that may make news.
Part of the value of selling your photos or licensing through the platform is that you have the ability to expand your efforts, especially if you can provide the required images. This means that it is likely to sell the same image hundreds, thousands of times or more.
6.Create an electronic application
Creating an application for a way to achieve this pre-investment of time and then reap the bonus in the long run. Your electronic application may be a game or another activity that helps mobile phone users perform some of the functions that are difficult to do. Once your application is general, users download it, and you can achieve income after that.
The electronic app has a great positive aspect, if you can design something that attracts the attention of your audience. You will have to think about the best way to achieve sales of your application. For example, ads may display within the application or ask users to pay a symbolic fee for downloading the application.
If your application gains popularity or receive positive comments, you will likely need to add gradual features to maintain the application of the application and its popularity.
7.Parking Cars
Do you have a parking space that you do not use, or can someone else be used? You can trade this place for some money. It can be a better preparation if you have more space so that it can accommodate several cars or it may be useful for multiple events or places.
In areas with high demand in particular or during high demand times (for example, during a concert or a sporting event).
Your parking place may be worth real money. For example, if you live near a place with a frequent number of passengers but lacks parking lots, you may have a golden opportunity in your hands. You may have the best opportunity to make profits; By leasing a person who needs the place on a daily basis, then you will guarantee the flow of money to you with sustainability.
8.Create a YouTube blog or channel
You have to take advantage of your passion for a topic and turn it into a blog or channel on YouTube; Through ads or shepherds, you can generate income. You just have to search for a common topic, even if it is a small field, and become an expert in it.
Initially, you will have to create a set of content and attract audiences, but it can create a steady flow of income over time; Where you are known for your attractive content.
Whenever your voice is unique or attractive, it would be better for you to become the "person" to be followed up, and then you will attract both the audience and sponsors.