Category - home based business

How To Make Passive Income 2020

How To Make Passive Income 2020

Passive income is the opposite of active income, which is money earned when you perform a service or when you work full- or part-time and earn a salary, a per-hour paycheck, or earn commissions (like a salesperson) or tips (like a bartender.) While there are dozens of ways to earn passive income, from building a mobile phone app to owning a vending machine, let’s stick to the passive income models at the top of the list of the best money-making opportunities.

1. Sell items on eBay

There’s money to be earned by selling items you buy at a lower price, and selling them for a higher price on sites like eBay (EBAY) – Get Report and Amazon (AMZN)

2. Sell stock photos

There’s a big demand for stock photos online (individuals, organizations, and businesses use them when they create content online.) If you’re a photographer with a backlog of great photos, sent them to stock photo sites like DepositPhotos, who’ll pay a commission for any photos sold.

3. Create a mobile app

Maybe you have a great idea for a mobile app that brings up the best French recipes or the best golf putting tips at the tip of a finger. Hire an app programmer to put it together and sell it on an app store and trigger some passive income.

4. Design your own T-shirts

People love T-shirts, and they like making a statement wearing them. Take full advantage with a tee design-service that caters to a unique demographic, like pet owners, beer drinkers, or home gardeners. You can earn royalties on good tee designs using online sites like Amazon Merch.

5. Rent out ad space on your vehicle

An emerging market these days, companies will pay you to advertise their products and services on your car, van or truck. Connect with a local or national company on a specialty web site like Wrapify and get your logo on your vehicle.

6. Earn cash-back rewards

Make money using your credit card via cash-back rewards, which actually pays you to use your plastic when making purchases. For example, the Chase Sapphire Preferred Card pays you 50,000 points – worth $500, for spending $4,000 in 90 days using the card.

7. Pay down your debts

Money you’re not paying credit card companies and lenders is money you stash right into your savings account. By not paying interest to lenders and using the money to have others paying interest to you, you’re engaging in perhaps the purest form of passive income – and enriching yourself in the process.

Part Time Income Ideas 2020

According to CNBC, millions of jobs might be lost due to the coronavirus crisis. It’s no surprise that more and more people are looking for ways to make extra money even with a full-time job. Whether you are trying to pay off your loan faster or you just want to earn some side income to help pay your bills, here are 7 ways to help you put some extra cash in your pocket.

1. Sell Services Online

For example, if you know how to design websites, you can offer web design services to small businesses. Or if you speak a second language, you can give language lessons. If you are struggling to come up with ideas, it helps to take a look at the following: Books you usually read, Activities you do in your free time, Subjects you’ve studied in college or Websites you frequently visit.

2. Launch An Online Course

If you have knowledge or expertise that you can share with people to help them, you can consider creating an eBook or launching an online course. Here are the 3 biggest profitable niches for information products: Health & Fitness, Love & Relationship, Business & Money

3. E-commerce

With e-commerce sales expected to continue its double-digit growth, there are still a lot of money-making opportunities in this space. Today, it’s very easy to set up an online store. You can either do it on high traffic platforms such as Amazon, eBay and Etsy or you can start your own online store.

4. Ride the Sharing Economy Wave

With the sharing economy on the rise, it is very easy to earn a few hundred to thousands of dollars a month by driving with Uber or renting out your spare room on AirBnB. You can also rent out your car on Turo, your camera equipment on Kitsplit, your bike on Spinlister and your sailboat on Sailo.

5. Invest in Dividend Stocks

Investment guru Warren Buffer made billions of dollars in the stock market. If you know how to invest the right way, you can put your money in the stock market and let it work for you even when you are asleep. In fact, Jeremy at GoCurryCracker successfully built an investment portfolio which gives them enough passive dividend income every year to retire early.

6. Invest In Real Estate

Investing in real estate to earn rental income is a tried and tested strategy for many. In fact, Robert Kiyosaki of Rich Dad Poor Dad famously used this strategy to generate enough passive rental income to be financially free.

7. Build A Niche Website

When you build a niche website, you are basically creating a website around a specific topic. Here are some niche sites that people have built and have been making at least a couple of thousand dollars in passive income every month: Dog training website, Gardening website, Boat buying website, RV buying website or toys review website.

Work At Home Ideas 2020

Work At Home Ideas 2020

Looking to start a home business? Even if you live in a condo, apartment or smaller house, these business ideas could potentially work for you to start from home.

1. Home internet optimization consultant

Many places in the United States are requiring the internet customers to plug in the wires at their home when they receive the internet box. However, most people don’t set it up properly so they have the best range throughout the house, or their house might be so big that it needs more connection points.

2. Online Tarot Card Reading Business

Online tarot reading can be a really fun business to start from home if you’re interested in Tarots. It is a different approach than bringing someone into a place to do the reading, as you would do the readings online over a video call.

3. YouTube Video Editing Company

More and more people are wanting to start and run YouTube channels as a way to express themselves, but also as a career aspiration. If you have experience editing videos or want to learn and turn that skill into a business, this would be a great niche to choose.

4. Bespoke Knitted Clothing Company

Have a passion for knitting clothes but want to make some money too? Well you could easily start a knitting business. By setting up a website where people could upload the custom designs they want made, you could take custom orders to make for clients.

5. Planner Insert Designer

Planner inserts are growing in popularity among influencers and related brands, as it’s a great way to add value to the customer or potential customer, without spending a lot of money. This company would design these planner inserts according to that person’s personal brand and sell them.

6. Mail Prank Company

Mail pranks have been blowing up over the past few years. They are a hilarious way to prank a friend or foe in an unexpected fashion. By setting up a simple website where people can enter the address for where the prank will be delivered and the type of prank (could range from a glitter bomb to a funny message).

7. Beard Oil Company

Beards are still in style, and it doesn’t look they will be going out of style any time soon. One product that most men with beards have is beard oil. It makes the beard look nice and it can help style it so it looks cleaner.

5 Simple Ways To Pay Off Your Mortgage Early

5 Simple Ways To Pay Off Your Mortgage Early

By paying off your mortgage early, you won’t just increase your available funds each month—you’ll also reduce the amount of interest you pay over the life of the loan. That’s more money you’ll have later down the line to put toward those big dreams.

1. Cut Your Expenses

When it comes to finding extra money to put toward your mortgage, expenses are a smart place to start. By reducing your expenses, you just might find some wiggle room in your monthly budget that can go toward paying down your mortgage faster.

2. Make Scheduled Extra Payments

First, you’ll want to figure out how many extra payments you want to make each year—whether it’s an extra payment each quarter or one extra payment a year, there’s no wrong answer. Once you figure out the total dollar amount you want to spend annually on extra payments, you can set up an automatic savings plan at your bank to sweep some cash each month into a special savings account.

3. Convert to Biweekly Payments

First, you’ll want to explore if biweekly payments are available with your current lender. As a note, you should never have to pay a fee to set up a biweekly payment option. If your lender charges one, you’re better off making an additional principal payment each month along with your regular monthly payment.

4. Refinance Into a 15-Year Mortgage

Many borrowers initially opt for the lower monthly payments that come with a 30-year fixed-rate mortgage in order to free up more cash flow. As incomes and lifestyles change, however, you may find that you’re able to put more toward your mortgage each month. While making the leap from a 30-year to a 15-year mortgage does involve a substantial payment increase, you’ll also pay off your mortgage in roughly half the time.

5. No closing costs

You may come across lenders that offer “no closing costs” refinancing options. While those look appealing on the surface, there’s simply no such thing as a free loan. Compare interest rates and other fees, and you’ll find where the lender makes its money.

6 Ideas For Working Remotely When You Don’t Have A Home Office

6 Ideas For Working Remotely When You Don’t Have A Home Office

When you’re working from home without a traditional home office, it can be difficult to tune out the distractions of daily chores and household needs. Establishing a go-to work zone will help you regain that focus. Not convinced you have the room? Get inspire…

1. Set Up an Office on a Stair Landing

Put an awkward landing space at the turn of a stairwell or top of a staircase to work by situating a desk there. Just select a slim setup so that the “office” is narrow enough that it’s not in the way for anyone trying to pass by.

2. Create a Kitchen Command Center

The kitchen is where all the action happens, so if you’re the cubicle type, this arrangement may not work for you. But if you’re a good multi-tasker—or need an afternoon homework station—this is where it’s at. This kitchen office utilizes dead space across near the fridge, and provides plenty of room to spread out.

3. Move a Desk into the Living Room

There’s a certain advantage in camping out on the periphery of the room: an optimal vantage point, for one, and more privacy. When doing a walk-through of your house, consider any unused nook as a potential home for your office—whether or not it’s in a common area.

4. Set Up Shop Under the Stairs

If you’re truly space-starved, you don’t have the luxury of ignoring any unused square footage. Unless the area under your stairs is necessary for the structural integrity of your home, open the space for an office!

5. Establish an Office in the Entryway

If yours is a busy household with members frequently coming and going, you need some resolve to set up an office in the entryway, as pictured here. But a mudroom, with all of its already-built-in storage, makes a lot of sense

6. Bring a Desk into the Bedroom

It’s not the best idea to work where you sleep, but sometimes there’s no way around it. If you do decide to keep your home office in your bedroom, add storage with doors, so you can shut papers, printers, or other distractions out of sight.

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Pro Woche bezahlt werden Einfache Flyer online erstellen (einfache Methode)

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