How to create passive income from scratch? This question has recently been asked more and more Russians. Every day, few people like to go to work and depend on superiors, while receiving a relatively small salary. But many financially educated people have heard about the possibility of passive income. In this article we will tell you what this concept means, what can be the sources, types and examples of such income without investments.
The concept
Before telling how to create passive income from scratch, we will understand what this concept means. A similar concept appears when you begin to explore the topic of financial independence. If a person wants to really get rich, to achieve material freedom, he begins to build a passive income, which is also called residual.
In fact, this is the profit that a person receives without the need to perform “active” work and conduct professional activities in one area or another on a daily basis. For example, working in the office or freelance, exchanging your precious time for money. In any type of earnings, when an employee’s time is exchanged for employer money, it is about active or labor income. In this article we will tell you how to organize passive income from scratch.
In this case, the concept of "passive" emphasizes that you do not have to work to get regular profits. This means that a person can live at his discretion, constantly receiving money. At the same time, you need to understand that to create such a scheme, you will initially have to work hard. True, in most cases, one-time, and then make little effort to maintain profit at a certain level.
Sources
There are several main sources of passive income. They can be divided into several types. For example, by type of ownership, it can be bonds and securities, bank deposits, copyrights, real estate.
Among additional sources of passive income, a business operating on the principle of “by itself”, raw materials, franchises, and investments in third-party business systems are distinguished.
For any employee, having more than one source of income other than salary is a new and unfamiliar experience. Because of this, it may seem very suspicious. But if you deeply understand this issue, understand how to create passive income from scratch, you can build up capital and improve your own well-being.
Those who are on their own in search of passive income do not always understand that there are many opportunities for creating personal income. All this means that to acquire additional income it is not at all necessary to leave the main job. These revenues can be built in parallel. In addition, there are many options for passive income, so that one person can have as many sources as he wants.
Kinds
Now let's look at the features of passive income from scratch. As a rule, residual income is divided by type of profit. In this situation, we can distinguish the following types of passive income:
- dividends - earnings from investments in securities;
- royalties - for a patent or intellectual property created;
- interest - from investment organizations, bank deposits, bonds, including government securities;
- Royalty - for the franchise sold;
- rental income - from the rental of real estate.
There are also several other types of profit making that do not have special designations. For example, this is a return on venture capital investments. In this case, a person invests in business systems built by other people. Suppose an investor invests in a fundamentally new business project or startup, when he manages to spin up, gets his money back with interest one-time, or has regular profits from the activities of the enterprise.
Another option for passive income is to receive interest on sales. This type, as a rule, is present at businessmen or freelancers. It means additional profit from the volume of goods sold without the participation of the recipient of income. Suppose the copywriter who created the text receives a fee in the form of a percentage of the profit from each use of the text by the customer for a certain time period.
In the same category includes income from a working business. That is, profit for which the board of directors or the founder of the company does not need to work personally.
Non-investment income options
As you can see, most types of profit making in this way involve a certain starting capital. We are interested in whether it is realistic to create passive earnings from scratch. Of the above types, only a few sources are suitable, the rest will not allow this. Experts identify four ways to create passive income from scratch.
One of the most common is the creation of an object of copyright. This method is suitable only for creative people - songwriters, composers, inventors, writers. Here's how to make passive income from scratch.
For example, having written a beautiful musical composition, novel, song, the author begins to receive a reward for each use of his work. The list of objects that fall under the concept of copyright is listed in detail in Russian law. This also includes a patent, which enables the inventor to receive money for the use of his intellectual work.
This is a classic example of creating passive income from scratch. The method is good in that considerable efforts will have to be made only once, in order to receive regular fees later. At the same time, one must understand that not everyone can create an outstanding work of art, and besides, copyright compliance must be constantly monitored.
Proprietary business system
In this option, the creation of passive income from scratch does not require the constant participation of the founder. In fact, it is a business with the possibility of passive income. In this case, the goal is to create a company that will benefit people, and its founder - profit. Making passive income from scratch is not easy, but real.
Note that this is not about becoming the head of your own company or business project. This, of course, is prestigious, but has little to do with passive income from scratch. In our case, the goal is to profit from a one-time investment over a long time.
So this method is applicable only if the business was able to build as a full-fledged system with all the necessary employees, including the general director, who actually performs the functions of a manager.
Franchise sale
Another option for passive income from scratch is to create a business with the subsequent sale of a franchise. Royalty, as it is also called, becomes available only after the creation of the franchise. Therefore, you must already have some kind of business or build it from scratch, and then promote it to other cities and regions.
Passive income, earnings in this case is very real, but you need to be prepared for the fact that you will have to invest a lot of effort and time to create your own company. Moreover, in this case, investments are most likely to be required.
Alternatively, at the initial stage, you can attract supporters of investors, then you do not have to invest your own funds. In this case, we can say that this is the best example of how to make passive income from scratch. The main thing in this case is to have fresh and demanded business ideas that will find a lively response from consumers.
Capital accumulation
One of the options for the best passive income is the idea of getting rich due to the fact that money will start making money. The essence of this process is that it is not necessary to invest your own time to earn more.
However, obviously, in order to invest money somewhere, you first need to collect the starting capital. You still have to save, put off. For example, you can start with ten percent on every salary or any other income. Over time, you should have enough money to buy bonds or securities, investments in bank deposits.
If you unite with one of your friends or relatives, you will be able to send a more impressive amount to venture capital investments or to rental real estate. The main thing is to clearly understand what objects you are going to invest in.
Passive Income Ideas
Next, we will consider some of the most common options, how to reach passive income from scratch or with minimal investment.
- Open a bank deposit. This is a very popular way, although banks offer very modest interest on deposits. But all deposits up to a certain amount are now insured by the state (up to 1.4 million rubles), so this option is considered one of the most reliable. In the modern banking market, the client has a huge number of options to whom to entrust their money. This is what income can be called passive. Initial amounts are required to be very small, one to five thousand rubles will be enough.
- Through mutual investment funds, the population gains access to the opportunity to invest in securities. This is a popular option in the West, which has recently been increasingly used in Russia. It is worth noting that it was especially popular before the crisis of 2008-2010. At the same time, you do not have to rely on quick profit. You will have to invest in passive income provided that you can only feel the return after a very long time.
- Real estate for rent. Here is what passive income can be received quite stably. This method is well known since ancient times. This option may well be considered a kind of passive profit, since you only have to spend one time on repairing the premises and finding a tenant. In the future, it remains only to maintain in good condition the residential or non-residential property that you have available. This requires minimal time and effort. It is believed that this is one of the most popular and popular types of additional unearned earnings for the majority of the population who have such an opportunity. This does not require any additional education, while the amount of income can be very substantial.
- To organize passive income, many decide to open their own business. Recently, an increasing number of yesterday's employees have been re-qualified as entrepreneurs and businessmen. If you manage to create a business that will work autonomously, with hired labor and its own manager, then there are chances to count on significant additional earnings.
- Venture capital investments are one of the most highly profitable options for passive profit. However, it is worth recognizing that the risks are maximally high. After all, you have to invest your money in companies, and no one is safe from loss of profit, bankruptcy or closure. There is a possibility that instead of profit you will have to suffer significant losses. In addition, it must be understood that not every person has an entrepreneurial spirit, which is one of the main conditions for investing in venture capital investments. If you are interested in how to get passive profits with high interest rates without having business skills, then the best option is to invest in companies of other people who have long been working in the market and have managed to gain a name and status. If you accurately determine who is worth investing in, you can guarantee yourself a fairly high passive income.
- Creating a work of art from which you will constantly receive profits in the future is one of the most difficult, but reliable and enjoyable forms of obtaining this type of profit. The Russian legislation is structured in such a way that the royalties for the work of art you have created will automatically arrive, for this no additional creative research will be required.
- There is a very promising, but potentially dangerous way. This is an investment in high-risk companies. For example, these include HYIPs, Forex, as well as other more or less large companies that collect money from people, promising them the highest possible interest. Investor funds are used to play on the stock exchange. This can give a fairly fast and high growth. But this method is very risky, as these companies themselves usually prefer to keep silent about. Of course, there is a chance of making money, but you can also be a loser, having lost all your savings. Despite this, many believe that the game is worth the candle, since in this case the amount of passive income averages from 20 to 70 percent per year, which is significantly higher than on bank deposits.
- Creating your own website. In the ten most common methods of passive income, you can include the creation of your own site, which is also used as a source for passive income. There are a lot of scenarios and options for developing a web resource. For example, you can promote an information portal, turning it into a platform that will become an attractive platform for many advertisers. In this case, the income you receive from advertising will be just as passive.
- Leasing of machinery and special equipment. Recently, it has become popular to rent not only real estate, but also various equipment, cars, and special equipment. To do this, one-time purchase a car or other popular equipment in the property, and then provide it to customers for rent, having a stable passive income. This is a fairly reliable and low-cost method that requires significant initial capital required for the acquisition of movable property.
- Network marketing. This concept is well known in Russia since the 90s. During this time, he developed a very mixed attitude. Some consider it to be one of the varieties of fraud; to others, it has really brought consistently high income for many years. Some employees, starting from the bottom, managed to build their own network of sellers and consultants. In this case, the manager manages to get a percentage of sales from each of his “own” employees.
Legal passive income
It is worth noting that in the Russian Federation there is such a thing as a passive legal income, that is, one that a person is entitled to under the law. All the options listed above depend on your active position, your own investments, and desire to develop.
At the same time, do not forget that you can receive passive income from the state, if your life situation allows you to do this. True, you need to understand that in this case it will be very low.
The most common types of passive income that fall under the concept of legal income are pension for seniors and scholarships for students. It should be noted that the working part of the population, in most part, is deprived of such privileges.
Other sources of legal passive income include compensation or subsidies to pay for utilities, subsidies from local or federal authorities for the development or opening of a business, obtaining preferential housing for needy citizens, maternity capital (the so-called subsidy for second and subsequent children born in the family )
Own site
In this article, we have already briefly mentioned such a method as creating your own website for stable earnings. Now we will tell in more detail what is meant.
This method is suitable for those who are familiar with the computer, aware of the basics of marketing, have a desire to learn something new and have a certain amount of free time.
As a rule, in order to start receiving profit from a site in the amount of several tens of thousands of rubles per month, you will need from six months to two years of continuous work on your project. He will have to devote up to several hours a day.
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- place teaser and contextual advertising;
- sell links;
- sell ad space for banners;
- post advertising paid articles;
- Sell your own training courses
- recommend purchasing a particular service or product through an affiliate link (this will be earnings on affiliate programs).
Reviews
Those who have already tried one or more of the above methods on themselves, note that for many, this type of earnings has long turned into an unattainable dream. However, before embarking on anything serious, you should study the reviews about passive income.
It should be understood that obtaining passive profit is not an easy task, which in reality is not as achievable as it may seem to many. You should not reassure yourself in advance, since you will not succeed in making profits without doing anything. A truly gigantic effort will have to be made to achieve real economic stability. To get income from investing, you need a lot of initial capital. Moreover, the money should belong to you, and not be a loan or an amount borrowed.
After all, there is always a risk of losing all your savings. In this case, you should have a kind of "alternate airfield", some other stable income, which will allow you to live with dignity until the situation gets better. But if the money is borrowed or on credit, this will greatly complicate the whole situation.
Remember that you should never rely only on luck when choosing an investor or company to which you decide to entrust your money. Carefully study all the nuances of the environment that should be profitable for you, approach this process with a cold mind and a sober mind. Only in this case guaranteed success is waiting for you. The main thing is to never stop there.