Now, before you go off on me for putting this in the post, give me a minute to explain.

I’m not endorsing MLM sales or saying you can make money at it. However, the concept of MLM marketing is based on residual income.

In MLM programs, participants are encouraged to sell the company’s products. They get paid for that. The big money promised (or at least promoted) comes from recruiting others to sell those products under your account. You encourage those folks to recruit others, and that level to do the same.

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Investing in the Real-estate market is another way of ensuring a continuous income stream on a part-time basis. You can either buy a rental property to ensure a monthly fixed amount or look for those perfect deals at the perfect time (when you purchase properties at a low price and then sell the same when the market hits a high.) In both the cases, you will be getting a decent amount of income on regular basis with minimal efforts.

Talk to anyone who’s a landlord, especially in big cities like Ludhiana, Amritsar and they’ll tell you that passive is the last word they’d ever use to describe having to replace a washing machine after a full day of work.

However, there are a ton of companies that give you the ability to invest in commercial and residential real estate projects without having actually to do any of the heavy liftings yourself.

If you are willing to invest some time, then investing directly in the stocks offers the highest returns and can easily be considered the best passive ways to make money with even limited investments. You can make money in stocks through capital appreciation and dividends. If you have a good working knowledge of stock market and shares, then it can ensure high returns for your basic investments, but such investments are always subjected to risks of market fluctuations.

Index funds provide you with a way to invest in the stock market that is completely passive. For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.

You are also free to choose a fund that is based on any index that you want. For example, there are index funds set up for just about every market sector there is — energy, precious metals, banking, emerging markets — you name it. All you have to do is decide that you want to participate, then contribute money and sit back and relax. Your stock portfolio will then be on automatic pilot.

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If you are afraid of investing, there’s a chance you have a decent chunk of change saved in a checking or savings account.

Saving money is always a good thing, and finding what motivates you to do so is an interesting process.

Starting a carpool is not only good for your pockets but also for the environment. If you drive a car to the office alone, you can always start a carpool service where you can pick up people who are travelling on the same route as yours. The best news: you don’t need to invest anything!

Affiliate marketing is where you get paid a fee for referring new customers to brands. So for example, if you have a site like Kayak.com that compares prices, you can earn a commission for referring customers to existing brands.

This type of investment can be genuinely passive if it’s already generating revenue with very little hands-on involvement. Keep in mind, if a site is making money, they are not cheap to buy. If it’s making money, you’re paying for the revenue the site generates. However, you don’t have to reinvent the wheel.

If you’ve spent any amount of time on significant sites, The Weather Channel, Google, etc., then you’ve seen lots of advertisements on them. If you don’t remember seeing ads, then you either have a formidable adblocker, or you’ve learned to ignore them. Nice!

As you can imagine, the reason these sites have ads on display is that they are being rewarded handsomely to do so. The key to generating income in this way is to have a website with a lot of users since there is a strong correlation between the number of eyeballs on your website and the amount of income you’ll be making. Easy enough to understand.

If you have a friend with an old site that they never use it might be worth acquiring it if they have traffic. Adding ads to a website is super simple, and you could be earning some passive income quickly.

If you don’t have money to invest, you may need to make money quick. And if you have a washing machine and dryer, there’s a good chance you can start right away. Sound crazy? Maybe it is.

Several companies bill themselves of Laundry, and they are pretty simple.

Getting into top schools and programs is as hard as ever. Getting highly sought after jobs is just as tricky. That means that there’s a lot of people looking for tutors.

And the crazy thing is that with all of the new technology available, you can easily tutor kids in india and make money while sitting on the couch in world.

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The most important method for generating passive income is to start a blog. Blogs can generate a tremendous amount of income, but not quickly. If you plan to start a blog, understand that it’s going to take a vast amount of work and time to succeed. Regardless of your niche, as long as you have a clear understanding of things like searching engine optimization, social media marketing and the ability to write high-value content, then you will succeed with a blog. Once your blog becomes popular, it provides you with the platform and audience to generate multiple streams of revenue by marketing relevant products and services to your visitors.

Another great method for generating a respectable amount of passive income is to write and publish an ebook. Non-fiction e-books that help to educate your audience on topics such as online marketing, business or other self-development areas, are going to sell far better than fiction books at the outset.

Clearly, fiction can make tremendous amounts of money, but it’s also highly competitive if you’re not an already-established writer with an existing following. Utilize the Amazon Kindle Direct Publishing platform and publish ebooks that will fill an existing need in popular niches where you have some level of expertise.

Everyone is an expert at something. Why not create an online course about your passion?

There are a number of ways you can produce and host your own online course. One very simple way is to use a website like Udemy.com.

Once you create an online course, it can work for you while you sleep!

What do you put in your online course? Good question. You can add video lessons, checklists for completing steps you recommend in your video lessons, small ebooks to supplement the lessons, audio files for people listening while travelling, informative interviews with like-minded experts, and a whole bunch more!

In fact, you can create several packages at different price points. Some people will want everything, so you can include ‘the works’ for the highest price point and then have two lower price points so that you can receive the largest possible volume of orders.

I’ve been in the audiobook business for some time now and it’s an incredible stream of passive income if you do things the right way. Leverage Audible’s ACX platform to push out your audiobooks to the world’s most robust platforms such as Audible and iTunes.

If you have specialized knowledge or advanced skill sets in some area, you could opt to teach them through audiobooks. However, you have to focus on delivering an enormous amount of value and ensure that you have a high-quality production. Don’t try to slap things together and expect to earn any money online.

If you’re musically inclined, one idea for generating some passive income could be to create jingles or audio tracks that you can then license out through popular websites such as Audio Socket, Sound Cloud or Song Freedom, just to name a few. Clearly, this isn’t easy. But it is well worth your time if you can come up with something great.

Do your research and due diligence to create audio tracks that are appealing to a large audience. Search for other popular tracks that are being heavily licensed and see what they’re doing that you could try to replicate in some format, while not outright duplicating.

YouTube is a great resource for earning a large stream of passive income. While it’s not easy, and it will effectively take millions upon millions of views to earn some semblance of a real income from this stream, YouTube does offer a very cost-effective avenue to market.

Research what the most popular YouTubers are doing. Which is a kid’s series created by creative entrepreneur, Stevin John, helps to teach children about all types of subjects and has become one of the most popular YouTube series in its niche with over 500 million views in the past couple of years alone. Seek out successful people and try to replicate their formulas while being unique.

Cash back credit cards offer a great resource for earning some passive income, especially if you’re already going to be spending the money. While this revenue stream likely won’t make you rich, it will help give you some kickbacks on money that you’re already likely spending in your day-to-day life.

Do a few searches online for the best cash back credit cards and sift through all the posts that detail what the right card would be to fit the bill. Be wary of linking through on some of the posts that might try to push you towards the card that will help them earn the greatest income by referring you to it.

Depending on where you live, you could quite possibly make some great passive income by setting up ATMs in a variety of locations such as small corner stores or in malls and so on. Locate a good company that will allow you to place their ATMs at various businesses and earn a small percentage of the income that these generate.

If you’re spending too much of your time on an existing business running it yourself, why not outsource most if not all of your tasks? Yes, it will require you to give up some control, but in many businesses it’s the only way to free up your time so you can focus on other tasks that will result in more income.

If you don’t want to hire employees, consider hiring freelancers who work as contract laborers. Look for freelancers with a strong work ethic who provide quality results.

• Here’s a list of tasks that you might want to outsource:
  • Bookkeeping
  • Writing
  • Web design
  • Editing
  • Task management
  • Social media marketing and so much more!

Yes, many people can turn their existing businesses into passive income businesses. As long as the main product or service isn’t something only you can do, you can transform your business into a passive moneymaker.