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Which Passive Income Techniques Are Most Effective?

Discussion in 'Business Discussions' started by accelerator, Jun 11, 2015.

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  1. scottmccloud

    scottmccloud Well-Known Member

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    Why are you researching them?
     
  2. Domain Forum

    Acorn Domains Elite Member

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    IWA Meetup
     
  3. accelerator United Kingdom

    accelerator Well-Known Member

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    So I can start using more of them.
     
  4. scottmccloud

    scottmccloud Well-Known Member

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    Which ones are you going to use?
     
  5. nick-harper

    nick-harper Active Member

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    Affiliate Websites are a decent passive income :)
     
  6. ChrisMM United Kingdom

    ChrisMM Active Member

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    Running a local protection racket.
     
  7. Helmuts

    Helmuts AcornDomains.co.uk ★★★★★

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    .. pension ;)


    Sent from my iPhone using Tapatalk
     
  8. web3 United Kingdom

    web3 Member

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    Nothing beats a hands-off ecommerce site if you can think of the right niche and get the traffic.

    Move over Amazon, I am will be the new ebooks king... haha.
     
  9. accelerator United Kingdom

    accelerator Well-Known Member

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    Developing paid courses. Not passive to begin with, but once you've got it set up with the tech it can be.
     
  10. RSK3000 United Kingdom

    RSK3000 Active Member

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  11. accelerator United Kingdom

    accelerator Well-Known Member

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  12. Helmuts

    Helmuts AcornDomains.co.uk ★★★★★

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  13. martin-s United Kingdom

    martin-s Well-Known Member

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    By being an expert. People value expert opinions and training - and a dedicated community too. (Where are we now?)
     
  14. Edwin

    Edwin Well-Known Member

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    It's not "passive", though... For the money to keep flowing, there needs to be a constant supply of new training material, and visible ongoing participation by the expert(s) otherwise there's no reason for users to rebill (which is where the money lies according to the article linked above)

    And that material needs to be original/unique, useful and of a very high standard if you're going to keep people happy paying £xx/month for month after month for it. That kind of quality doesn't grow on trees, nor can it be churned out by PeoplePerHour/oDesk/eLance type hires.
     
  15. martin-s United Kingdom

    martin-s Well-Known Member

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    Yes, that's certainly true :)

    Though I suppose access to a like-minded community via the initial purchase of an information product would do it. But subscription businesses are waay more valuable of course.
     
  16. Helmuts

    Helmuts AcornDomains.co.uk ★★★★★

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    have you considered podcasting? It is quite cheap to start (£500-£1500) a podcast of a decent quality.

    The worst scenario >> you haven't spent too much money nor time invested, have built a following of few devoted listeners and have had fun talking about things you like..

    I'm not talking about the business that will replace your day-job, but advertisers will come to you as soon you have ears who listen what you say (or maybe even much earlier).

    And even if you fail - you can always redirect your listeners ;)

    btw, I'm talking from my experience - I have a podcast "Tauta" (in Latvian means "Nation") with irregular upcoming episodes for Latvians in the UK and within short time it has already generated some interest - not much, but still enough to get noticed in this busy, busy world.
    > soundcloud page of my podcast https://soundcloud.com/tautauk (you can see the stats there of how many times episodes have been listened to... the ones with very few are solo ones)
    > FB page of the podcast (haven't done any promotions to it) - just have a look on involvement https://www.facebook.com/TautaUK
    > itunes page of my podcast https://itunes.apple.com/ca/podcast/tauta-latviesi-lielbritanija/id889653157

    one of the reasons (though not the main one) I do this podcast is to direct all this highly targeted traffic to the forum I'm trying to build up tauta.uk (and again - a forum for Latvians who live in the UK).

    in the end - it is all about Supply and Demand >> once you get it right - you are sorted and domain industry is a perfect proof of that.

    I wish you best of luck,
    Helmuts

    p.s. btw.. in this process I have built the largest clean UK Latvian Facebook group with over than 3.4k UK Latvians https://www.facebook.com/groups/latviesiuk/

    p.p.s. .. have to admit - my forum still struggles :D :D
     
  17. humble pie United Kingdom

    humble pie Banned

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    I've found for passive incomes I just create and environment with some form of continuous perpetual interactions, then your your sorted probably 99% hands off.
     
  18. DLOE United States

    DLOE Active Member

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    Yes, random type-ins, I buy type-in traffic on a daily basis for next to nothing and the conversions are amazing.
     
  19. DLOE United States

    DLOE Active Member

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    How about finally sticking a proper theme on Lowprices? Investing some time and money in a decent website can bring you a decent ¨Passive Income¨(Fuck I hate that term!)

    Stop thinking about shortcuts and go for the thing you believe in, the money you make from it you can invest in other ventures (bricks, loans, startups) and over time your income will be ¨passive¨ but keep in mind that a real ¨passive income¨ doesn't exist unless you are born into a bit of money or when you win the Euromillions.

    Ps.. Don't try to copy guys like Matthew Woodward, first of all I think they add a zero (or a few) to whatever they make to make it look good for their visitors and secondly, it has been done a million times before.

    Good luck!
     
  20. RobM

    RobM Retired Member

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    I think the best passive income techniques now are not internet related. Investment in material bricks and mortar seems the way to go.
     
  21. accelerator United Kingdom

    accelerator Well-Known Member

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    Although internet ones are normally cheaper to set up, and may be your only option if you have hardly any money.
     
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