Passive income ideas: Maintaining cash flow while enjoying freedom

What if someone told you that you can earn a decent amount of money without requiring your physical, real-time presence while not actually being actively involved? Would you believe them? It sounds too good to be true but many people have discovered the rewards of engaging in activities that let them make a living while not entirely disrupting their day-to-day affairs. How? Through earning a passive income.

The idea of creating channels to earn a passive income can be appealing but just like any income-generating concepts, you have to do it right. To help you get stared, here’s a list of passive income ideas that you should try today:

1.        Affiliate Marketing

Do you have your own blog or planning to create one? Then this passive income idea is perfect for you. As an affiliate marketer, you partner with a company that will let you advertise or promote their products through your website. Earnings will come from commissions you get for every item or service you endorse. Although it will take time at first before you can start earning (as building an audience for a blog can be challenging), the rewards will all be worth it when it finally becomes fully passive.

2.      Mutual Funds

If you’re more of an investor type than a blogger, trying out mutual funds to earn a passive income should be your first choice. Through such funds, you can invest in the completely passive side of the stock market.  There are several mutual funds that you can choose from, depending on your risk profile and the market sector that you want to invest in:  bonds, technology stocks, emerging markets, energy, etc.  The only thing you have to do is to take a pick, invest, and let an expert (such as LOM Financial) manage your stock portfolio.

3.      Selling Digital Files

 You can monetize your artistic talent or any activity that you’re good at and benefit from a passive income. For instance, if you’ve been into photography for so long that you managed to keep and collect many of your best shots, why don’t you upload them to stock photo websites and start earning? Submitting your photos to stock photo sites enables you to participate in an active marketplace without actually doing the real work when setting up an actual, physical store. For video content, the likes of Youtube may partner with you to share advertising revenues from your original videos (assuming they have strong potential to go ‘viral’). For authors, selling e-books (which do not require physical inventory and can be downloaded anytime) is another way to earn passive income. Most of these products are considered intellectual properties and require legal protection against copyright infringement.