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Passive Income Streams: 3 Moneymaking Ideas You Could Bank On

Passive Income Streams: 3 Moneymaking Ideas You Could Bank On

These days, passive income streams can bring just as much money to the table as regular ones. Gone are the days when you have to show up for work every morning just to earn good money. The world has since changed.

Interested in passive income streams? Here are some great ideas for you…

Passive Income Stream # 1: Rental Business

Houses are so expensive these days and a person can only make so much money in a year. This is why a lot of people are opting to rent instead of buying their own home. This is where you come in.

If you have a spare room or an extra apartment, you can easily rent them out. Money comes in regularly and there’s no shortage of willing tenants. Of course, homes aren’t the only things you can rent out.

These days, cars and even clothes and accessories are being put on the market. You might be surprised at how much a person is willing to fork out for a night with your designer bag. The idea seems a bit ridiculous; but for others, it’s better to rent a bag for a night and have a wonderful experience than to spend an enormous amount of money for something so trivial.

Passive Income Stream # 2: Franchising

In franchising, you don’t need to build your brand or spend countless hours on setting up a system anymore. It’s all given to you in one complete package. All you have to do is maintain it. Naturally, you have to be selective with the brand you franchise.

Don’t just jump at the chance to franchise any old brand. You still need to figure out whether the brand you’re looking at will sell or not. It can be a gamble; but then again, the best things in life are usually worth the risk.

Since a complete system is already handed to you on a silver platter, you can hire reliable and trustworthy people to keep it in operation. Which brings us to the next subject…

Passive Income Stream # 3: Get Others To Do The Work For You.

It’s almost always a smart idea to get someone else to do the job for you. For example, you’re assigned to write several articles on planting. Why don’t you find someone who can do the job just as well for a smaller amount of money.

At the end of the day, you give your writer his or her due while you glean the profits left over. It’s easy money. Of course, you have to make sure that whoever it is you hire does a good job; or else, it will all fall on you.

Passive income streams have become much more reliable now. However, it is advised that you consider all your options before giving up your regular job.

Want to discover more secrets to attract non-stop wealth and prosperity to your life? Want to know how to become wealthy just by making small changes in your thinking? Go to http://www.prosperityinsideout.com

The indigenous land rights ruling that could transform Canada

The indigenous land rights ruling that could transform Canada
Canadians can be pardoned for believing that when the country's highest court renders a decision, the government clicks their heels and sets themselves to implementing it. The judiciary directs, the executive branch follows: that's how we're taught it …
Read more on The Guardian

Apple's Tim Cook on iPhone's wins, iPad's woes
The company's newest devices — the 4.7-inch iPhone 6 and the 5.5-inch iPhone 6 Plus — went on sale September 19, so Apple will get an even bigger boost from the products in the December quarter. The new smartphones are …. How the individual 90 day …
Read more on CNET

Google Reports 22% Revenue Growth, Mobile App Indexing Could Create Major

Google Reports 22% Revenue Growth, Mobile App Indexing Could Create Major
Patrick Pichette, Google senior vice president and CFO, said during the earnings call Thursday that the company is "aggressively trying to make sure app indexing happens, and it's available and easily accessible across devices." Monetizing the ability …
Read more on MediaPost Communications

Here's Why Publishers Are Using the Cloud to Tackle 'Technical Debt'
Like a financial debt that costs money to be repaid, technical debt is the cost associated to the use of old technology, said Tom Hendrickson, founder and CEO of Mitre Media in Edmonton, Alberta. Publishers who create and deliver content in the cloud …
Read more on TheStreet.com

Why YouTube Will Never Replace TV
Broadcasters and studios make the lion's share of profit from other distribution channels (TV, cable and theatrical distribution). All Hulu needs to do is support its operating costs. … Google's AdSense is completely optimized for short-format, low …
Read more on Huffington Post (blog)