15 Super Passive Income Investments: 2021 is Your Year to Create Assets that Pay Long Term

Let's dive into the best ways to get passive income going this year. 

Top 15 Passive Income Investments

15. Print on Demand Dropshipping

Let's dive in and cover exactly how print on demand works

STEP 1: Create a Design Using a Graphic Design Software

Using software such as Adobe Illustrator (Higher end) or Canva (budget), you can create a variety of fascinating designs that would encourage shoppers to buy your products. 

STEP 2: Construct an Ecommerce Store

A more technical step, this phase is where you are creating the place, the online shop, where people will come to get your Print-on-Demand Products.

Recommended platforms depend on how much you want to do yourself. Shopify, while having a monthly subscription, offers a significantly easier building experience, while WooCommerce, an opensource software, has no monthly fee, but is a bit more challenging to get rolling. 

STEP 3: Sign up for a Print on Demand (POD) Service

Depending on your products, you might consider choosing a niche service or a general service. Overall, the niche services will offer higher quality fulfillment, while the general, "We Print on Everything," services are less expensive, enabling you to either get higher margins or offer lower prices. 

STEP 4: Upload Your Designs & Pick Your POD Products

Add your designs to your POD service provider and then import images of the products with those designs into your store, so your customers can see exactly what they are getting. 

STEP 5: Promote Your POD eCom Store or Products

Honestly, this is where the rubber meets the road with POD. You can have the cutest or most dangerous designs on products, but like any business, if you don't get eyeballs on your product, no one is going to buy it.

You need to have a solid marketing strategy for getting eyeballs on your store continually, such as having a niche youtube channel that has a lot of viewers or regularly having an Instagram influencer name drop your designs. 

Pros

• You Won't Need to Buy Inventory Before Purchases
• Little Tech Skills Needed
• No Printing Equipment Needed

Cons

• Slow(er) Order Fulfillment
• No Quality Control
• Completely Rely on Printing Company for Fulfillment

14. Start Blogging

How to Make Money Blogging

Step 1: Focus: Niche Down on a Specific Topic

While there’s a virtually endless amount of topics to write and read about, chances are slim that you’ll find a loyal target audience that will appreciate a single blog website that covers every possible topic. Aside from this, advertisers are looking for more specific demographics to market to, so it’s best to stick to one topic, or at least a range of topics that fall under a certain category: medicine, cats, making money, etc.

Step 2: Construct: Set up the Tech (Platform, Domain, Hosting, etc.)

You can have the greatest ideas and the most powerful ambition in the entire blogosphere, but without infrastructure to host your content, you won’t have a business.

Similarly, without functional infrastructure, you can’t bank on keeping readers, either due to website downtime or downtime. It is extremely important to, among other things, make sure that readers can actually read. Easiest way to make sure of this, apart from writing enticing content, is to make sure your domain hosting is strong enough, your web-building platform is advanced enough, to fit your requirements.

Step 3: Design: Select a Theme & Design (Color Scheme)

Similar to step one, a jumbled mess is not a great place to find information - logic that’s applicable to not just the content, but the aesthetics of your blog. Keeping a constant theme throughout your website is essential not just for keeping that all-too-important consistency that us humans are naturally privy to, but also for improving the recognizability of your brand. This applies to color schemes, page format/structure, and the types of graphics present in your articles.

Step 4: Intrigue: Create Captivating Content (Writing & Imagery)

Creating captivating content can be difficult, and strangely, even more difficult if you truly have a passion or interest in what you’re talking about.

It's easy to write content for you as you find the subject interesting, but for the reader who may not share the same passion that you do (yet), you'll need to entice them to read further.

Practice makes perfect, but generally, witty and edgy content, or words and phrases get people emotional, are good things to include in content to make it captivating.

Step 5: Monetize: Sign up for Relevant Affiliate Offers

Ok so this is where you start to make money. The trick is to have a site that gets a ton of traffic...if you can do that then you have an asset that advertisers will want to use as a platform to promote their own products.  

If you prefer a quicker, more “entrepreneurial” method, you can even find an affiliate program through Amazon, Clickbank, or a host of other platforms and individual companies that will allow you to post links to products and get a piece of the pie when your visitors buy a product after clicking that affiliate link.

Pros

• Low Cost to Start Up (~$20 Dollars)
• Flexible Work Time (Create Content Anytime)
• Various Monetization Strategies (Affiliate Offers, Offer Advertising Opportunities, etc.)

Cons

• High Competition (with Low Cost, comes tons of Competition)
• Long Sweat Equity Period Before Monetization
• Expensive to Optimize to Get In-Front of People (SEO)

In-depth Guide to Starting a Blog

13. Put Data Reporting Apps on Your Phone

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12. Apply for Cash Back Credit Cards

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11. List Your Extra Bedroom on Airbnb

How making money with Airbnb Works

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10. Sell Stock Photography

How to Make Money Selling Stock Photos

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9. Put Together a Course on Udemy

How to Monetize a Course on Udemy

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8. Build a Storage Facility

How the Storage Facility Business Model Works

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7. Place Vending Machines

Making Money with Vending Machines (The Process)

STEP 1: Figure Out Your Specialty

First up you're gonna need to decide what products you are going to stock in your vending machine.

You can offer first-aid kits, candy, chips, coffee, sports drinks, sandwiches, pencils, or pretty much anything small that isn’t super perishable that people may want.

Of course, there are a host of pros and cons for each type of product, so choose wisely, and you'll want to make sure that the products you stock are a good fit for the location of your machines.

STEP 2: Decide on Your Machines

As stated, vending machines can range from small, sub-$200 sticker or small-candy dispensers, to electronic vending machines that run over $5,000 - a great example would be those big red Coca-Cola machines you may find at your nearest Five Guys. Each machine has plenty of potential for profit, and while the industry has a good amount of risk, the safest choice of machine type is likely the $2,000-$3,000 machines that dispense sodas and chip bags.

STEP 3: Do the Math

There is plenty of risk in starting a vending machine business, possible more than in the average startup. This being said, there are also plenty of ways to reduce risk. Doing the math on the different bulk deals you can get, how much you’ll need to sell to be profitable, and similar calculations can be life-saving in this game. Add on other considerations such as where’s a good, profit-inducing spot to place a vending machine, and you’ll eliminate a huge amount of risk.

STEP 4: Paperwork: Profits, Partners, & Politics

Paperwork is necessary in all businesses. In vending machines, you need to keep track of your profits, by knowing your operation costs, projections, and current income (profits). You also need to forge fair, strong contracts with site managers so that you can coexist in peace, and you can both see some reasonable profit from your machines (partners). Lastly, you need to register your business and focus on complying with local, federal, and state-wide regulations (politics).

STEP 5: Expand Your Empire

Ok, now it's time to take it up a notch and expand your business.

With all the risk in the vending machine game, there's a good chance you've lost some money at this stage.

Considering that, it may be smarter to focus on doing what has worked best for you thus far so that you can provide a safety net for your future, more experimental ventures.

However, experimenting in your methods is necessary if you really want to be the best you can. Nobody’s first method is their best, so keep evolving.

Pros

• Can provide great supplemental income
• Can start somewhat as a side-hustle
• If you get big, you’ll have wannabe vending machiners ready to join your franchise, if you so choose.

Cons

• Extremely risky (perhaps far more than most other new businesses)
• Long time in between purchasing your vending machines and profiting
• Dealing with all of the tasks involved can be back-breaking work at first

6. Advertise on Your Car

Making Money with Vehicle Advertising

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5. Compose & License Your Music

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4. Create a Digital Product

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3. Affiliate Marketing

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2. Dividend Stocks

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1. Real Estate

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The Most Accessible Passive Income to Create in 2021:

Digital Real Estate  (& What It Did for Me)

Hey I hope you enjoyed this list of top passive income investments.

Truth is they are all solid business models, provided you actually have the income to invest.

Getting started in creating passive income is very difficult, especially when most of us are already living paycheck to paycheck. 

Most of the financial gurus will tell you that saving money is the solution. 

But in my opinion this is wrong.

The solution I found to amass the wealth I have today is through creating online assets or digital real estate. 

While having an online business is the easiest way to generate wealth this year, it took me a while to find the model that enabled me to leave my 9-5 and really push the pedal to the metal on my passive income creation. 

When I got started, I put my head down and focused on trusting the process that I learned in this passive income coaching program. 

My results? (See below)