[NEED] Passive income suggestion?

[Kolce]

Hey guys, been reading a lot of different posts on these forums and would like to hear your opinion/suggestion.

What would you take as an investment for passive income for example with 5000 euros?

Let me know, interested to hear your ideas and suggestions!

 

[Satal]

True Passive: Savings account
More active: stocks/shares

How much effort are you willing to put into building this passive income?

Details like how much effort are you willing to out in are important. Everyone wants to put $5k in passive income and get $1k passive income a year, it's not that easy otherwise everyone would do it.

 

[flprocess]

question is in which niche you are interested. you can buy shitload of domains and try to resell them, you could rent a dedicated server and sell vps/reseller/hosting accounts, you could buy a few working blogs/websites and install adsense or other ppc/ppv advertisements in them, you can buy merchandise and resell it online. Notice that in all of them you would have to invest time and effort so its not really "passive". Other then that I can't think of anything so i'll follow this thread with you to see if people has better ideas

 

[alexa_s]

There are levels of passivity and levels of risk. By definition, a 100% passive and 100% risk-free investment cannot bring you more than a few percent above inflation return, because of the way the market works and reaches equilibrium. Unless you have zero free time(which is noone) investing 5k eur for a truly passive income doesn't make sense.

 

[HustleTong]

Resell digital services on freelance sites
Build a site and sell for $10X

 

[Kolce]

Wow guys thank you for so many messages!

True Passive: Savings account
More active: stocks/shares

How much effort are you willing to put into building this passive income?

Details like how much effort are you willing to out in are important. Everyone wants to put $5k in passive income and get $1k passive income a year, it's not that easy otherwise everyone would do it.

Im down for hard work for sure, haha. Thanks for your suggestion.

question is in which niche you are interested. you can buy shitload of domains and try to resell them, you could rent a dedicated server and sell vps/reseller/hosting accounts, you could buy a few working blogs/websites and install adsense or other ppc/ppv advertisements in them, you can buy merchandise and resell it online. Notice that in all of them you would have to invest time and effort so its not really "passive". Other then that I can't think of anything so i'll follow this thread with you to see if people has better ideas

''you could buy a few working blogs/websites and install adsense''
This is really interesting, could you PM me more info about it? If you have time of course, thanks!

There are levels of passivity and levels of risk. By definition, a 100% passive and 100% risk-free investment cannot bring you more than a few percent above inflation return, because of the way the market works and reaches equilibrium. Unless you have zero free time(which is noone) investing 5k eur for a truly passive income doesn't make sense.

Totally agree with what you said here, im down for any kind of hard work i just thought like 5k invesment would give anything a better beginning.

Resell digital services on freelance sites
Build a site and sell for $10X

Could you tell me more? If you have time of course, thank you for the answer aswell!

 

[flprocess]

This is really interesting, could you PM me more info about it? If you have time of course, thanks!

I'm sorry, can't pm you as i'm new here and cannot be a big help about this as I don't sell websites. but there are many websites for sale (see "flippa") or search here around the marketplace, maybe you can find some. good luck!

 

[cev4224]

saas maybe

 

[macdonjo3]

Resell digital services on freelance sites
Build a site and sell for $10X

This isn't passive at all. Anything that deals with customers is a headache.

 

[GenesisOne]

I wouldn´t invest all of it, but with a small fraction you could have a big movie streaming website all setup that would yield results in a few months and scale from there.

Happy hunting!

 

[dotc0m]

Best feeling in the wold, sit there do nothing and get paid.

Maybe try outsourcing a day job overseas?

 

[arthuraxton]

question is in which niche you are interested. you can buy shitload of domains and try to resell them, you could rent a dedicated server and sell vps/reseller/hosting accounts, you could buy a few working blogs/websites and install adsense or other ppc/ppv advertisements in them, you can buy merchandise and resell it online. Notice that in all of them you would have to invest time and effort so its not really "passive". Other then that I can't think of anything so i'll follow this thread with you to see if people has better ideas

These are the classy methods you read about everywhere on BHW and and I can't see how you can make a passive income with any from the list. Such projects require daily pandering to be kept alive.

Building a passive income (whether it is online or not, doesn't matter) requires effort and commitment.

Be creative, find your niche, think about how to monetize it, and finally - before proceeding - make sure that it is scalable.
If it turns out to be successful, you can outsource any project related task, but always keep an eye on it, or it might drop.

 

[br3ach]

Create evergreen content blog based on lower competition keywords, shoot for around 150 high quality (hint, outsourcing would cost you in the region of $100 per 1000 words or more type quality or write them yourself if you are native English with good grammar and are engaging) posts and then rank it. Once established and adverts and sell info product or similar to mailing list.

 

[zebestof230]

Take the problem the other way around.

What is passive ? Something working for you.
Something or someone ! Outsourcing your work.
What outsourced people can do ? Start from there: a lot of VAs and Freelancer can do wonders, you just have to aim their wonderful work to a lucrative idea.

Fast example ?
Get a project manager, his job will be to find :a keyword specialist research, a writer for a book, an editor for the book, a specialist in marketing the book.
You just pay the 5 people with ridiculous money because they will be from a 3rd world country compared to your 5k.
Let’s say 1500$ for : a book (a good one), and marketing, and amazon sending you checks every month. Rinse and repeat. Hundreds of ideas

 

[Kikerinka]

Most ideas here are far from OP.

He looks for an investment and passive income.
OP, with 5K, you can realistically buy (for example on flippa) an already earning website that makes 100-150/month, on a consistent basis, long time, from Ads, affiliate, or custom product.

There are only two problems with this investment:
1. You must understand what you are doing, and how to check it the website really is legit, otherwise you may end up deceived.
2. Once there is such a website available on Flippa (which is not that often...), the competition for it is enormous. Not easy to win in such an auction.

 

[Kolce]

Take the problem the other way around.

What is passive ? Something working for you.
Something or someone ! Outsourcing your work.
What outsourced people can do ? Start from there: a lot of VAs and Freelancer can do wonders, you just have to aim their wonderful work to a lucrative idea.

Fast example ?
Get a project manager, his job will be to find :a keyword specialist research, a writer for a book, an editor for the book, a specialist in marketing the book.
You just pay the 5 people with ridiculous money because they will be from a 3rd world country compared to your 5k.
Let’s say 1500$ for : a book (a good one), and marketing, and amazon sending you checks every month. Rinse and repeat. Hundreds of ideas

Thanks for your reply, loving the idea of outsourcing work. Will get more into that, if i could pm you to talk about that kind of stuff let me know!

Most ideas here are far from OP.

He looks for an investment and passive income.
OP, with 5K, you can realistically buy (for example on flippa) an already earning website that makes 100-150/month, on a consistent basis, long time, from Ads, affiliate, or custom product.

There are only two problems with this investment:
1. You must understand what you are doing, and how to check it the website really is legit, otherwise you may end up deceived.
2. Once there is such a website available on Flippa (which is not that often...), the competition for it is enormous. Not easy to win in such an auction.

Yeah i was surfing flippa for a while, saw that many indians sell their projects many times over and over again they just change the logo of the website and the template a bit but everything else stays the same, scared me away a bit.

 

[zebestof230]

Thanks for your reply, loving the idea of outsourcing work. Will get more into that, if i could pm you to talk about that kind of stuff let me know!



Yeah i was surfing flippa for a while, saw that many indians sell their projects many times over and over again they just change the logo of the website and the template a bit but everything else stays the same, scared me away a bit.

You can PM me so we can brainstorm together, because I haven't mastered the technique yet lol

 

[TheShrewMan]

No such thing as passive income. Its a lie made up by IM gurus to try and get you to watch their youtube video or buy their stuff.

However, having said that, the closest you're probably going to get to passive income is building a mailing list (plenty of info available on this forum).

 

[Shevrar]

Following I am looking for something similar as well.
As someone already said the key is to scale up and outsource the work, or find a way to automate it.
The problem is finding the perfect business idea to start with, and it can't be passive right away, it takes time.

 

[Kolce]

No such thing as passive income. Its a lie made up by IM gurus to try and get you to watch their youtube video or buy their stuff.

However, having said that, the closest you're probably going to get to passive income is building a mailing list (plenty of info available on this forum).

Alright! I'll take a look at the mailing list building, thanks mate.

Following I am looking for something similar as well.
As someone already said the key is to scale up and outsource the work, or find a way to automate it.
The problem is finding the perfect business idea to start with, and it can't be passive right away, it takes time.

Exactly where im stuck and looking for, wanna have a chat maybe we can bring some ideas out together, haha