Cheap passive income ideas

Cheap passive income ideas that are guaranteed to work. How would a $ 10,000-a-month payment change your life?

What are passive income ideas?

Passive income is investing a sum of money and getting a return without expending a lot of personal effort.

Putting money in the bank and getting returns on interest.
Buying real estate and renting it out.
Having any rental products that are managed by others
Buying shares and living on dividends
Investing in Cryptocurrency
Making money online

You will look at the list and say these are great ideas but they take a lot of money, which is true. Plus the returns are not always that good.

Your involvement level dictates a return

Of course, you can stand back and do nothing but perhaps that is not the best way.
If you had a real Estate investment you can hand the management to a group that will do all the heavy lifting.
They will charge about 10% of the rent plus a whole list of fees that will add up to another 10% or more.
Inspection fees, letting fees and all sorts of bits and pieces. Therefore if you managed it your self you could be 20% better off.
Even with money in a bank, you can make a difference. You could plonk it there and forget about it or you could keep a close watch on interest with fear of change. rates and keep your bank motivated.
Share trading is the same. Those that closely watch the market can get far better returns than the invest-and-forget travellers.

Therefore consider what you want to receive and what you are prepared to do to maximise the opportunity.

Online investments and returns

This is a very broad brush arena of opportunities depending on what you want to achieve.
As a blogger, I know that any returns will take at least twelve months of work before you will see any results.
You will also realise that the internet is full of false promises so careful selection is the only way forward.

Diversify your investments to provide a safety net

It is a good idea to have several income streams working at one time.
If you had all your money invested in the bank during the recent crisis period a return of 1% or less may have been your lot.
It is very hard to live on an amount so small so you would have been drawing on capital and eating away at the funds.
During that time the Crypto market tanked but the rental market skyrocketed giving the lucky ones a financial boost. That is only if they had no borrowings in the fund.
It is a hard world to negotiate with many pitfalls for the amateurs among us.

Cheap passive income ideas can be an opportunity to bigger things

I chose an internet opportunity that offered promise.

I have a small business that I run, some affiliate income from blogging and a Crypto and share portfolio that are languishing at the moment.
Marketing on the internet is really easy.
You need an avenue to the market like a web page, funnel or Squeeze page
A good group of products that people want and are prepared to pay for.
a Customer base that follows you and makes repeated purchases.
When this is in place it is all most set and forget as it does its magic.
However many of us don’t know how to set all this up and don’t have a whole lot of time to learn how to do it. You can with the training at Wealthy Affiliate and that may be the go for many of you but others want a bit more.

Having experienced the best scams I wanted a cautious approach.

We took out a list of ideals that would be necessary to allow us to become associated with a market venture.

a. We wanted someone with a good track record. What we got was 20 years in the business
b. They had to have been very successful over that time. Made over $10 million from affiliate income
c. There needed to be a guarantee that we would get a return on any investment we made.
d. Communications channels must be 24-7 and cover several areas.
e A mentor or funds manager needed to be available to keep us fully informed.
f. Investment amounts needed to be small but returns reasonable to the effort.
g. A fully done-for-you system that would start generating returns from day one

This is a pretty good list and you can be assured that it rules out a large percentage of the market

The approach we took was the Millionaires apprentice with Michael Cheney. We fulfilled our list and in fact, got even more.

Michael has been promoting on the internet for half a lifetime and has got the formula under control.
He has promoted many products over the years that have led to the ultimate venue for small investors looking for great returns.
In fact, this is an exclusive market offer available to a limited number of participants and you could be one of them.

What it does for you

They provide a fully functional website, loaded with products and a base of customers to get things going.
Support is 24-7 with a mentor and a Facebook page.
Cost is minimal and does come with instalments and it takes about a week to get all set up.
This is the real deal but I want you to make up your own mind.

Read what it does and take a small investment5 to make sure you are getting what you want. This is not for everyone but for those that are interested it is the real deal.
Yes, you will be asked to help generate a bit of traffic to increase the returns but everything else is done for you.

This is an ideal second income or work-from-home plan for anyone that wants a better lifestyle. Think what $10k could do for you

Summary

There are many passive income ideas in many different industries and this is just one in a whole list. However, I have chosen the best of the best to start your journey to extra money. The Millionaires apprentice is a limited opportunity