​I’ve been into home décor lately and I had to turn to Etsy to find exactly what I wanted. I ended up purchasing digital files of the artwork I wanted printed out! The seller had made a bunch of wall art, digitized, and listed it on Etsy for instant download. There are other popular digital files on Etsy as well such as monthly planners. If you’re into graphic design this could be an amazing passive income idea for you.
The best part is that you keep 97% of the fees paid and you don’t have to search for clients yourself . Serve them as they come. If you have a full house at some great tourist place like Goa/Shimla/Manali or those kind of places, you can put your whole house on rental basis. Many people who have a second home or extra room, hire a maid and offer the full range of services of a regular basis. Imagine if your extra room is rented even 5 times a month and you earn Rs 1,000 from it ? Its Rs 5,000 extra income !
Indian Railways is the fourth-largest rail network in the world, with a track length of 114,500 kilometres (71,100 mi) and 7,172 stations. This government-owned-and-operated railway network carried an average of 23 million passengers a day, and over a billion tonnes of freight in 2013.[238] India has a coastline of 7,500 kilometres (4,700 mi) with 13 major ports and 60 operational non-major ports, which together handle 95% of the country's external trade by volume and 70% by value (most of the remainder handled by air).[239] Nhava Sheva, Mumbai is the largest public port, while Mundra is the largest private sea port.[240] The airport infrastructure of India includes 125 airports,[241] of which 66 airports are licensed to handle both passengers and cargo.[242]
Ever since we have opened our doors to the world, there have been more jobs and significant economic growth, but we also have to weather every hurdle thrown at the rest of the world. If you watch the Indian stock market these days, most of it is ruled by FIIs (Foreign Institutional Investors). Therefore, the best we can do is plan for crisis situations in your own home.
Jawaharlal Nehru, the first prime minister of India, along with the statistician Prasanta Chandra Mahalanobis, formulated and oversaw economic policy during the initial years of the country's independence. They expected favourable outcomes from their strategy, involving the rapid development of heavy industry by both public and private sectors, and based on direct and indirect state intervention, rather than the more extreme Soviet-style central command system.[124][125] The policy of concentrating simultaneously on capital- and technology-intensive heavy industry and subsidising manual, low-skill cottage industries was criticised by economist Milton Friedman, who thought it would waste capital and labour, and retard the development of small manufacturers.[126] The rate of growth of the Indian economy in the first three decades after independence was derisively referred to as the Hindu rate of growth by economists, because of the unfavourable comparison with growth rates in other Asian countries.[127][128]
The Indian economy was large and prosperous under the Mughal Empire, up until the 18th century.[71] Sean Harkin estimates China and India may have accounted for 60 to 70 percent of world GDP in the 17th century. The Mughal economy functioned on an elaborate system of coined currency, land revenue and trade. Gold, silver and copper coins were issued by the royal mints which functioned on the basis of free coinage.[72] The political stability and uniform revenue policy resulting from a centralised administration under the Mughals, coupled with a well-developed internal trade network, ensured that India–before the arrival of the British–was to a large extent economically unified, despite having a traditional agrarian economy characterised by a predominance of subsistence agriculture,[73] with 64% of the workforce in the primary sector (including agriculture), but with 36% of the workforce also in the secondary and tertiary sectors,[74] higher than in Europe, where 65–90% of its workforce were in agriculture in 1700 and 65–75% were in agriculture in 1750.[75] Agricultural production increased under Mughal agrarian reforms,[71] with Indian agriculture being advanced compared to Europe at the time, such as the widespread use of the seed drill among Indian peasants before its adoption in European agriculture,[76] and higher per-capita agricultural output and standards of consumption.[77]

India is one of the largest centres for polishing diamonds and gems and manufacturing jewellery; it is also one of the two largest consumers of gold.[183][184] After crude oil and petroleum products, the export and import of gold, precious metals, precious stones, gems and jewellery accounts for the largest portion of India's global trade. The industry contributes about 7% of India's GDP, employs millions, and is a major source of its foreign-exchange earnings.[185] The gems and jewellery industry, in 2013, created ₹251,000 crore (US$35 billion) in economic output on value-added basis. It is growing sector of Indian economy, and A.T. Kearney projects it to grow to ₹500,000 crore (US$70 billion) by 2018.[186]


In the early 18th century, the Mughal Empire declined, as it lost western, central and parts of south and north India to the Maratha Empire, which integrated and continued to administer those regions.[85] The decline of the Mughal Empire led to decreased agricultural productivity, which in turn negatively affected the textile industry.[86] The subcontinent's dominant economic power in the post-Mughal era was the Bengal Subah in the east., which continued to maintain thriving textile industries and relatively high real wages.[87] However, the former was devastated by the Maratha invasions of Bengal[88][89] and then British colonization in the mid-18th century.[87] After the loss at the Third Battle of Panipat, the Maratha Empire disintegrated into several confederate states, and the resulting political instability and armed conflict severely affected economic life in several parts of the country – although this was mitigated by localised prosperity in the new provincial kingdoms.[85] By the late eighteenth century, the British East India Company had entered the Indian political theatre and established its dominance over other European powers. This marked a determinative shift in India's trade, and a less-powerful impact on the rest of the economy.[90]
In order to generate $10,000 in Net Operating Profit After Tax (NOPAT) through a rental property, you must own a $50,000 property with an unheard of 20% net rental yield, a $100,000 property with a rare 10% net rental yield, or a more realistic $200,000 property with a 5% net rental yield. When I say net rental yield, I’m talking about rental income minus all expenses, including a mortgage, operating expenses, insurance, and property taxes.
Chart 2 shows intuitively why the median of the symmetrical normal curve (half of the observations on one side of the median, the other half on the other side) overlaps the arithmetic mean (adding the value of the observations and dividing by the number of observations) and describes a representative situation, a common pattern illustrated by many measures of central tendency. This creates a business opportunity since we can define a large number of more-or-less similarly behaving customers.
7) Never Withdraw From Your Financial Nut. The biggest downfall I see from people looking to build passive income is that they withdraw from their financial nut too soon. There’s somehow always an emergency which eats away at the positive effects of compounding returns. Make sure your money is invested and not just sitting in your savings account. The harder to access your money, the better. Make it your mission to always contribute X amount every month and consistently increase the savings amount by a percentage or several until it hurts. Pause for a month or two and then keep going. You’ll be amazed how much you can save. You just won’t know because you’ve likely never tested savings limits to the max.
2. Treat Passive Income like a game, cheating is using your spouses income in this game. I understand some of the premise behind this, but I’m married, my wife has an income and we have a rental house that we consider ours. I’m not sure how I would count this since we also use another part of our own home(also rental income) to pay down the Rental house.
This venture requires both time and money, but it is certainly worth it. Making low-risk investments with your savings offers higher dividends than letting the money in the bank. While buying stocks in large corporations comes with a high degree of risk, mutual funds are relatively safer and less volatile. They also offer higher return-on-investment compared to fixed or recurring deposits made in banks.
3) Create A Plan. Mark Spitz once said, “If you fail to prepare, you’re prepared to fail.” You must create a system where you are saving X amount of money every month, investing Y amount every month, and working on Z project until completion. Things will be slow going at first, but once you save a little bit of money you will start to build momentum. Eventually you will find synergies between your work, your hobbies, and your skills which will translate into viable income streams.
At age 55, I own high-end rental properties (near the beach) and commercial buildings servicing the medical industry. I was widely criticized during my career for not living up to my income; that is, buying big homes with many fancy cars. I married a great woman who understood that saving and investing today meant a better lifestyle and more freedom tomorrow. Our passive income is half of my active income from sales, but my net worth has increased substantially. We are both happier and healthier than we were in the high-stress pressure cooker of franchise sales. The naysayers have become converts to the concept of passive income, but they have locked themselves into a “big hat, no cattle” lifestyle. It has been a great ride!
Liquid Funds are those mutual fund schemes which are ideal for putting money for a very short period of time, preferably not more than three months. Since these funds invest in extremely short term Debt papers, they come with very low volatility and risks. Accrual funds are those funds which invest in Debt papers of short and medium tenures to generate interest income. These funds usually do not take any interest rate/credit risk but stick to earning interest.
The gems and jewellery industry has been economically active in India for several thousand years.[187] Until the 18th century, India was the only major reliable source of diamonds.[183] Now, South Africa and Australia are the major sources of diamonds and precious metals, but along with Antwerp, New York, and Ramat Gan, Indian cities such as Surat and Mumbai are the hubs of world's jewellery polishing, cutting, precision finishing, supply and trade. Unlike other centres, the gems and jewellery industry in India is primarily artisan-driven; the sector is manual, highly fragmented, and almost entirely served by family-owned operations.

Author Bio: Sam started Financial Samurai in 2009 to help people achieve financial freedom sooner, rather than later. He spent 13 years working in investment banking, earned his MBA from UC Berkeley, and retired at age 34 in San Francisco. Everything Sam writes is based on first-hand experience because money is too important to be left up to pontification.
The original version of Barbara Winter’s book, Making a Living Without a Job, came out in 1993, and in it, she recommended creating multiple "profit centers," as opposed to building a single income stream. Over ten years later,  Robert Allen, the real estate entrepreneur, also wrote a couple books promoting the idea of multiple streams of income. Back then, building more than one source of income was difficult, time-consuming, and expensive. Fortunately, things have changed today. The Internet has made it easier, faster, and more affordable to generate multiple income streams.

Chart 2 shows intuitively why the median of the symmetrical normal curve (half of the observations on one side of the median, the other half on the other side) overlaps the arithmetic mean (adding the value of the observations and dividing by the number of observations) and describes a representative situation, a common pattern illustrated by many measures of central tendency. This creates a business opportunity since we can define a large number of more-or-less similarly behaving customers.
Most employees will not see much income from social capital. While there may be the occasional gift or inheritance, Social Security and defined benefit pensions only begin to pay monthly income after retirement. On the other hand, those of us with medical and/or disability conditions may see income from matching social or insurance programs prior to retirement.
If you’re into antiques, for example, you could check out garage sales for hidden deals then capitalize on your knowledge to turn a profit. Perhaps you’re into video games, specific brands of clothing, or something else. Whatever it is, with a little research, it’s possible to turn your knowledge into cash with an eBay store. Best of all, you can sell from the comfort of your own home.

Index funds provide you with a way to invest in the stock market that is completely passive. For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.
California had a per capita income of $29,906 during the five-year period comprising years 2010 through 2014. About every third county and every third place in California had per capita incomes above the state average. Though somewhat counterintuitive, this implies that counties and places with per capita incomes even slightly exceeding that of the state can be classified as "high income" given the natural division of places into a top third (high), middle third (medium), and lower third (low) when ranked by per capita income. Hence, the upper third of all places in this ranking have a per capita income with a lower bound roughly equal to that of the state, about $30,000. The median place and county in California had a per capita income of roughly $25,000, and the lower third of both types of geographies had per capita incomes with an upper bound of about $20,000. Places and counties with the highest per capita income were concentrated in the San Francisco Bay Area, which has a relatively high cost of living. Those with the lowest per capita incomes were concentrated in the Central Valley, an economy in which agriculture assumes a primary role.
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hey, help me out if you can. I did some research sometime back on generating income from the internet and came across a program that reviewers found very accessible and legit. The program’s name was in German and it totally escapes me, it started with an N, like, Nietsche or something that looked similar to that word. The creator, his package include how-to videos. Do you know what i am talking about?
Lending Club (U.S. Residents Only) – I talk about Lending Club in every one of my income reports, because I still believe it’s the best source of passive income, even though it’s not my largest source.  You can get started for as little as $25, and over the past 2+ years, my interest rate has been 7% or higher, which I think is very good given the relatively low risk involved.  This is even more true given the recent market downturn. You can read about how I select my investments here.
It is very important to understand that contacting a “professional” to learn how to do this only results in them trying to sell me crap properties (whether high end or low end). I’ve tried contacting realtors out of state, and they attempt to sell me crap or someone else’s problem. No one has a vested interest in actually helping someone or teaching them about how to get an out of state rental. very frustrating. I could go out tomorrow and buy a rental in my city, but that is the last place I want to own one. Anyone? Are there an real people on here?
Investing in bonds: Similarly, bonds are an attractive way to engage in passive income. Over a recent 45-year period, bonds funds, as measured by Vanguard Funds, returned 7.1%. Of course, there's no guarantee that investments in stocks or bonds will always work out well, investing in them is by far the surest way to generate money through passive income.
You've probably read blog posts and articles that recommend a certain brand of backpack or water, so you click on their hyperlinked link. Oftentimes, that person gets paid a commission when you do. If you have a blog, the same can happen for you. It's a win-win-win for everyone involved — you, the product you're recommending, and the person who clicks on the link to get the product. Pat Flynn talks about this at length on his website, Smart Passive Income, where you can learn a whole lot more on the topic, aside from affiliate marketing.
If you are good at some subject, especially maths, science subjects, accounts or economics, you will have an upper hand in this business. There are plenty of such coaching centers so you will have to face some stiff competition in the beginning. But if you can get good results from your students, congratulations! You have made yourself a name and now parents will send their children in big groups to your center.

What I did:The first two years of work in NYC was brutal. I told myself there was no way I could work on Wall St for my entire career because I’d probably die from heart failure by age 40. Having an early death in my mind willed me to save 50%+ from the first year onward and devise a CD, real estate, and stock investment distribution system for my savings every year. I thought about starting this site for at least a year before I hired someone from Craigslist to give set me up and push me forward. Hiring someone to get started is totally worth it if you are a master procrastinator. You can now learn how to start your own site with my step-by-step guide to save yourself time and money. 
India's infrastructure and transport sector contributes about 5% of its GDP. India has a road network of over 5,472,144 kilometres (3,400,233 mi) as of 31 March 2015, the third-largest road network in the world behind United States and China. At 1.66 km of roads per square kilometre of land (2.68 miles per square mile), the quantitative density of India's road network is higher than that of Japan (0.91) and the United States (0.67), and far higher than that of China (0.46), Brazil (0.18) or Russia (0.08).[234] Qualitatively, India's roads are a mix of modern highways and narrow, unpaved roads, and are being improved.[235] As of 31 March 2015, 61.05% of Indian roads were paved.[234] India has the lowest kilometre-lane road density per 100,000 people among G-27 countries, leading to traffic congestion. It is upgrading its infrastructure. As of May 2014, India had completed over 22,600 kilometres (14,000 mi) of 4- or 6-lane highways, connecting most of its major manufacturing, commercial and cultural centres.[236] India's road infrastructure carries 60% of freight and 87% of passenger traffic.[237]
Agricultural and allied sectors accounted for about 52.1% of the total workforce in 2009–10. While agriculture employment has fallen over time in percentage of labour employed, services which includes construction and infrastructure have seen a steady growth accounting for 20.3% of employment in 2012–13.[351] Of the total workforce, 7% is in the organised sector, two-thirds of which are in the government-controlled public sector.[352] About 51.2% of the workforce in India is self-employed.[351] According to a 2005–06 survey, there is a gender gap in employment and salaries. In rural areas, both men and women are primarily self-employed, mostly in agriculture. In urban areas, salaried work was the largest source of employment for both men and women in 2006.[353]

I have several streams, which is really nice because you never know when one will dry up. I think I will be losing one of my contract optometry positions later this year. It sucks because I like the job, but it won’t be financial ruin. Even if you have a secure job, the side income does allow you to meet goals faster. I don’t think I’d ever go back to relying on one job, even if it was awesome.
I am an English major and a herbalist with so many ideas and no extra income to fulfill them. I recently started renting my extra apartment in the attic with Airbnb. It’s amazing how fast I accumulated some money for few hours of work between guests. Now I want to persue all my dreams of opening an online herbal store, publishing my ebook of treating Ulcerative Colitis with herbs, blogs, and videos, and pretty much all of the ideas mentioned here. I will save this article as its really helpful for whomever needs some ideas…

I have not. While I am intrigued with the possibility of making online income, it seems to be less passive then how I want to spend my time. Regarding your blog / site, you have done quite well for yourself. However, you have to keep pumping out content or your site would eventually go out of business. That sounds like more of a commitment then I would want. Regarding your book sales, it is probably relatively passive now, but certainly was not when you were writing the book. Now if you love it, great. Just not for me.


There are many success stories you’ll run into of what it takes to generate multiple streams of income. However, one of the most important tips is to take on multiple clients. One client being your income source is bad news. They could voluntarily or involuntarily leave you high and dry. For instance, their business may begin to suffer and they no longer have the funds to pay you. Well, that is your income stream; gone without warning.

This is an interesting take and good advice for those who probably do not need to ever worry about becoming destitute. I’m sorry but too many of your options including your own list of income require quite a bit of initial investment/capital and these suggestions are useless to those living paycheck to paycheck. I’d like to see the average low to middle income household purchase additional property for rental, invest in their portfolio (if they can even start one), or even afford to have a vehicle or room to rent. Far too first world of a solution for the general public.
Leonardo da Vinci is another example of someone who was a "wide achiever," in the words of Roman Krznaric, author of "How to Find Fulfilling Work." Da Vinci was alternately a portraitist, an inventor, and a scientist. Krznaric says that in light of decreasing job security today, spreading yourself among several different jobs, as da Vinci did, is probably a smart thing to do.
If you have a knack for teaching and if you are an expert in some subject, you can become a tutor online for students. There are tons of websites like TutorVista or Tutor.com where you can try out this. You would need a great internet connectivity for this. It can work best for someone who is ready to work late in nights as many students from US and Canada would be right fit for you then.
Came to the U.S. as an immigrant in 1968 from a poor Asian country with only $100 in my pocket. Took advantange of 401-K savings plan by contributing 10% of my pay. My employer matched the first 6% savings (50 cents/dollar saved). Did not know anything about investment so 100% of 401-k money was invested in index 500. No other savings except 401-K. Retired in 1999 at 55 years old with about $1.2 million in 401-K and $450,000 lump sum pension which I rolled over to IRA. I invested this money in bonds and only buy equities (small cap index) whenever value drop to at least 50% of its high. I made a lot of money by investing in small cap index (ticker, IWM). Because of the risk involved, I don’t buy individual stock.
You can uses tools such as Wordpress for your website platform. MailChimp to collect email addresses. Clickfunnels to create funnels and landing pages that are completely automated. Stripe to process payments. These are just a few tools I use but there are many more options for each part of your business. Find the ones that work for you and help you create systems. (Disclaimer: I was not paid to mention any of these companies).
If you have an empty house or room you can rent it out on AIRBNB and OYO Rooms. Many travelers are looking to spend one night at a place. You can always rent out your empty house or room to them. All you need to do is list your room or house online, explain the rules and you are good to go. Travelers will pay you online. This way you don’t have to search for clients. They will come to you.
What I’m doing: I use this site to write out goals like 1) Generating $200,000 a year working 4 hours a day or less, 2) Trying to make winning investments, and 3) Keeping track of my passive income streams with free financial tools. My site and the community helps keep me accountable for progress. It’s important I do what I say, otherwise, what the hell is the point? You should consider starting a site or at least a private journal. Write out your specific goals, tell several close friends and stick to the plan.
So one thing I have to disagree with after having done hours and hours of research from Multiple CPA’s is “Dividends – 21% (passive)”. Thats actually not right. Thats actually “active”. I actually paid 2 different CPA’s to do research on this topic. One of them I paid 500 dollars to actually dig out the IRS tax code and “prove” it. If you are active in a business and the business pays you dividends its still active income (not passive).
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