Types of passive income - organization and types of passive income

In any country, types of passive income mean earning a living that does not depend on the constant efforts of the founder. Based on this, we can say that passive income is a constant receipt of money, which does not incur the daily labor expenditure. If during the times of the Soviet Union such types of earnings were not considered legitimate, then today such a business is not only completely legal, but is the dream of any intelligent person. Naturally, getting money, without labor costs, is a good goal, to which at least you should strive. And these are not transcendental dreams, but a real opportunity to increase your family budget.

Popular passive income

The time has already passed when creativity and activity in the business could only bring trouble. In the 21st century, a huge number of people are interested in how they can arrange for themselves to receive passive income in order to have a regular supplement to their pension, scholarship or salary, which is very nice. Today, the types of passive income in Russia can be very diverse, but we will look at the most popular of them, which will work for sure.

  • Property rental (real estate). If there is an opportunity to purchase any property or it was inherited by you, then with the right approach you can even get the land plot to work for its owner. When renting an apartment, office or utility room, the land can be counted on for a constant influx of money. The only drawback of this type of income is the availability of start-up capital for the purchase of the same property.

  • Copyright. If you are the owner of claimed unique intellectual property, then passive earnings can also be arranged on copyright. Money will be credited to your account from each copy of the program, book, etc. purchased. The only difficulty is to create an interesting book, useful program or another unique product, which is not so easy!

  • Sites, blogs. Personal Internet resource with proper promotion and high performance will allow the creator to receive passive income from visits, so feel the connection. The more subscribers, the more money will drip into a personal account. If any type of passive income implies a total absence of work, then this method cannot be called completely passive, since a good website needs a qualified administrator. He will not only become a guarantor of uninterrupted work of the resource, but will also keep up with updates, introduce advertising, maintaining the interest of subscribers, supplying them with useful and unique information, and for this they will have to work.

  • Family business. Any types of passive business suggest that the process will be as automated as possible. Only in this case, without your participation, will the business be able to generate regular income. Some at the initial stage are frightened by the fact that a family business can only be opened if there is a certain amount to start, but this is a misconception. There are many examples when people developed their activities from scratch, as long as the founders were endowed with an “entrepreneurial spirit”. Otherwise, there is a huge risk that the business will collapse even in the development process.

  • Investment deposits. Properly organized investment deposits are considered another popular method of obtaining passive profits. In the presence of start-up capital and its correct distribution among several investment instruments, all that remains is to receive a profit in the form of dividends. The main disadvantage of this method is to make the right choice, and for this you need to have special knowledge. If you do everything at random, the purchase of shares of a loss-making enterprise will not only not bring income, but also make you know how hard it is to lose your money.

If we talk about other countries, then not all of the above methods of passive earnings will work. It all depends on a large number of related factors: on the economic situation in the country, on business support at the state level, etc. For followers of the post-Soviet space, opportunities to adjust passive income simply tend to zero.

The real types of passive income in Ukraine are rental properties and pensions. If we talk about the rental of real estate, then with the availability of start-up capital, the method of acquiring cheap abandoned premises is practiced, which are restored and leased on their own at an excessive cost. This method works well, because not only apartments are well rented in Ukraine, but also office premises, garages and various utility rooms for warehouses. However, not everyone can carve out from the family budget the amount to purchase even the cheapest real estate, and this is a snag.

The only real method of passive income can be called work on the Internet, but it is not recommended to put high hopes on copywriting or maintaining a personal website. We recommend better to pay attention to the organization of referral networks in affiliate programs. Paying for such work is good, but without certain skills it becomes not worth it.

Types of passive income on the Internet have not yet been studied, but by administering promoted sites, installing affiliate programs, advertising, teasers, updating information, you can replenish your wallet. Do not forget about the automatic mailing of advertising your product, which will be sold even without the participation of the customer.

Summarizing the above information, we can say that the most realistic way to create a process of passive income on the Internet or renting out personal property, the rest of the methods that work in European countries, we have only effective on paper.

Differences between passive and active income

In any case, the organization of passive income will require from the creator not only hard work, but also patience. What is the difference between passive and active income? With active earnings, you need to constantly monitor all the actions of a business, spending all your free time on it. If you stop investing in the business all the time and effort, then it will simply fall apart and the family budget will suffer greatly, but passive earnings will increase the budget, even without working.

Most often at the initial stage of business development, which according to the plan should be profitable without labor costs, financial investments will be required. Their volumes directly depend on the chosen type of activity.

The next difference is that the amount of active income is limited by human capabilities and its professional characteristics. In more than two places, the average person physically cannot afford to work in this, and it is limited by time and opportunity. With passive income there is absolutely no limit. Implement your ideas (as much as you want) and get profit from them. It is recommended to divide the first installment into several parts and integrate them into different projects so that in case of failure of one of them not to remain completely aground.

Dismissing or withdrawing a full-time unit as a result of optimization in a company leads to a loss of active income, and passive profit depends only on the number of projects invested in the starting capital and the more of them, the higher the income. If even a couple of projects burst, the rest will bring a stable profit.

And the last difference is that in 2017 all types of passive income in Russia are chosen by all educated people who understand that they are betting on their future and can achieve financial stability. Money needs to be able not only to earn, but also to increase, forcing them to work for themselves.

Remember that it is not the most important, which types of passive income you prefer, the main thing is to make the right choice according to your abilities and skills. This will ensure a guaranteed profit, and not just throw your money! Starting a business, be prepared for what will have to allocate from the family budget, not only finances, but also time. But then, after all the efforts, when it goes uphill, it will provide a steady income for many years. Carefully study the possibilities of each method and think about which one is better to choose.

Watch the video: Design Your Dream Life Through Passive Income. Alex Szepietowski. TEDxUniversityofYork (December 2019).