All you have to do is create a website, choose a niche market, and post engaging content on your site that will attract readers. ![]() Then when people buy a product from a link on your site, you get paid a commission. Affiliate MarketingĪffiliate marketing requires having a website and partnering with companies to promote their products on your site. Read how to start a vending machine business. Nearly 45 million US households are renters, and that number is on the rise due to high housing prices, so you should have no trouble keeping your units occupied. You just have to find and purchase the properties, then you can hire a property manager to maintain the properties and collect rent. You could start with one property and grow your portfolio and income over time, and benefit from the appreciation of the properties in the long run. Rental Propertiesīuying buildings usually requires a significant investment, no matter the size, but owning rental properties is one of the best ways to get some passive income. You’ll need to do some real work setting up the business, putting out strong marketing and hiring reliable staffers before you’ll be able to step back.Ĭheck out our list of perfect passive income business ideas to jumpstart your thinking. Keep in mind that these businesses will not start filling out your bankbook from Day One without you lifting a finger. Some of those that might qualify would include a gift basket business, an Airbnb, dumpster rentals, and property management. E verybody’s looking for a steady stream of passive income these days - a business that almost runs itself while you carry on with your life.
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