How to get money to fund your building

project
1. Write an ebook.
This can be a lot of work upfront, but once the ebook is
created and marketed it can provide you with a passive
revenue stream for years. You can either sell the ebook on
your own website or offer it as an affiliate arrangement
with other websites that provide content related to your
ebook.

2. Get cash-back rewards on credit cards.

There are credit cards that provide cash-back rewards
ranging anywhere from 1% to 5% of the amount
purchased. You're going to be out shopping and buying
anyway, right?
Rewards will give you an opportunity to earn some
passive “income” (in the form of reduced outgo) from
doing what you would do anyway.
We recently started being mindful of collecting reward
points on our cards especially since we like to travel. In
the past year we've been able to use our reward points to
pay for 9 round trip flights and few nights in a hotel. Now
that's what I'm talking about!

3. Sell your own products on the internet.

The possibilities here are endless — you can sell just
about any product or service that you like. It could be a
product you have created and can manufacture on your
own or it could be digital in nature (such as software,
DVDs, or even instructional videos).
You can set up a dedicated website for this product or
service, unless of course you have a website or blog
already in place. Alternatively, you can also sell it on an
affiliate basis, either by offering it direct to websites and
blogs related to your product or service, or through a
platform such as ClickBank.
If you make a lot of money in your current job and you're
not sure that you can make a similar amount by selling
products online, think again. A while back, I interviewed
Steve Chou from MyWifeQuitHerJob.com. In our podcast
interview, Steve explained how his wife quit her job to
become a stay-at-home mom.
Now, being a stay-at-home mom is a full-time job — but
Steve Chou's wife also started an online business that
replaced her former salary and started bringing in a six-
figure income! Wow, right?
You can learn to sell products online too and make quite a
bit of money. While it's not entirely passive, it's certainly
more passive than getting up and heading out the door to
work every morning!

4. Invest in real estate

Consider property investment (Source: Getty)

This probably falls more in the category of semi-passive
income, since an investment in real estate is always at
least a little bit of an active venture. Still, once you have a
property that is established and fully rented, it's mostly a
matter of managing the property and keeping it
performing well.
Additionally, there are professional property managers
who can manage your property for you, usually for
around 10% of the monthly rent. This professional
management can make the investment much more
passive, but will take a bite out of your cash flow.
According to Brandon Turner, an active real estate
investor and co-host on the popular BiggerPockets
Podcast,
The key to success with rental properties is buying smart.
Not every property is going to provide a good return or
prove to be passive. Understanding how to analyse
potential real estate opportunities is incredibly important.
As the old adage goes — you make your money when
you buy!
Another benefit of investing in rental properties is the
loan pay down. If you obtain a loan to buy the property,
each month your tenants are paying off part of the loan.
Once the mortgage on the property has been paid off,
your cash flow will increase dramatically, allowing your
mediocre investment to skyrocket into a full-fledged
retirement program.
It wouldn't take many paid-off properties to provide a
pretty great, and mostly-passive, future for you and your
family.

5. Buy a blog.
Thousands of blogs are created every year, and thousands
are either completely abandoned by their owners
sometime afterward. If you can buy blogs with a
reasonable amount of web traffic — as well as a
demonstrated cash flow — it could be a perfect passive
income source.
Most blogs employ Google AdSense, which provides a
monthly revenue stream based on ads that Google places
on the site. There may also be affiliate programs
generating additional revenue. Both income sources will
be yours once you purchase the blog.
From a financial perspective, blogs usually sell for 24
times their monthly income. So if the site generates $250
a month in income, you can likely buy it for no more than
$3,000. Translation: a $3,000 investment will buy you
$1,500 per year in cash flow.
You may even be able to purchase the site for less than 24
months' earnings, if the site owner is particularly anxious
to get out. Some sites have good “evergreen” content that
will continue generating revenue even years after the site
has gone silent.
Bonus tip: If you were to buy such a site, and then to
reinvigorate it with fresh content, you may be able raise
the monthly revenue enabling yourself to sell the site at a
later date for substantially more than what you paid for it.
Finally, instead of buying a blog, you might want to
create your own blog. You can make some money either
way!

6. Pay off a credit card (or two or three).

Reducing a fixed expense is the financial equivalent of
creating passive income. This is certainly true when it
comes to credit cards. Let's say that you owe £10,000 on a
credit card, on which there is a monthly payment equal to
2% of the balance, or £200 per month.
By paying the card off, you'll be free up £2,400 per year
in cash flow that would've gone to the monthly payments.
That's like getting a guaranteed 24% return on a £10,000
investment. Good deal?

7. Write a book and collect royalties.

Much like writing an ebook, there's a lot of work upfront.
But once that's done, and the book goes into the sales
stage, it becomes a completely passive venture.
This is especially true if you can sell the book to a
publisher who will pay you royalties for the distribution
and sale of the book. You'll get a percentage of each sale
made, and if the book is fairly popular, the royalties could
be substantial. Just as important, the royalties can
continue flowing for many years.
Mike Piper from OblivousInvestor.com did just that. He
wrote a book, Investing Made Simple, which was sold
strictly on Amazon. He had decent success with the first
book that he created an entire series of book. Those books
now net him over 6 figures per year. Not too shabby.

You could be the next J.K. Rowling (Source: Getty)

8. Set up a website selling a product.

If there is a product that you are particularly
knowledgeable about, you may be able to sell it on a
dedicated website. The technique is similar to what you
would use for your own product, except that you will not
to be concerning yourself with product creation, but only
with the sale of someone else's product.
You may even find after a while that you are able to add
other products that are related. Should that happen, the
site could generate substantial revenues.
If you are able to have the product drop shipped to
customers directly from the manufacturer, you won't even
have to get your hands dirty. That may not be 100%
passive, but it's darn close.

9. Invest in real estate investment trusts (REITs).

In #10 we talked about investing in real estate. But let's
say that you want to invest in real estate, but do it in a
truly passive way. You can do that through a real estate
investment trust. This is something like a mutual fund
holding various real estate projects. The fund is managed
by professionals, so you never have to get involved.
One of the big benefits of investing in REITs is that they
typically pay higher dividends than stocks, bonds, or bank
investments. You can also sell your interest in a REIT
anytime you like, which makes it more liquid than owning
real estate outright.

10. Become a business silent partner.

Do you know of a successful business that needs capital
for expansion? If so, you can become something of a
small-time angel investor and provide that needed capital.
But rather than offering a loan to a business owner, you
instead take an equity position in the business. In this
way, the business owner will handle the day-to-day
operations, while you will act as a silent partner who also
participates in the profits of the business.

11. Become a referral source.

Every small business needs referral sources in order to
maintain sales. Make a list of small business providers
that you use on a regular basis and feel you can
recommend to others without reservation. Then contact
the owners and see if they have any kind of cash referral
offers available.
You can do this with accountants, landscapers,
electricians, plumbers, carpet cleaning services — the list
is endless. Keep a list of these businesses, and be ready to
refer them to your friends, family and coworkers. You can
earn a fee on each referral just from talking to people.
Don't overlook referral programs at work either. If your
company offers a referral bonus for either new employees
or for new customers, then take advantage of that plan. It's
easy money with virtually no work.

12. Rent out unused space with Airbnb.

Airbnb is a concept that has only been around for a few
years, but it has exploded around the globe. Airbnb allows
people to travel all around the world and to stay in
accommodations that are a lot less expensive than
traditional hotels. They do this by staying with
participating Airbnb members who rent out part of their
homes to travelers. By participating in Airbnb, you can
use your residence to accommodate guests and earn extra
money just for renting out space in your home.
Paula Pant, cubicle renegade AffordAnything.com took a
stab at making extra money renting out locations
exclusively through Airnbnb. Her Airbnb experiment
netted her an extra $19,000 in revenue and 1 police visit!
How much you will make will depend upon the size and
condition of your home and your location. Naturally, if
your home is located in a high cost city, or close to a
popular resort, your income will be much higher. It's a
way of earning money on space in your home that might
just be sitting empty otherwise.

Rent out the spare bedroom (Source: Getty)

13. Build an app.

Apps can be an incredibly lucrative income source. Think
about how many people today have smartphones. Come
on, it's just about everybody! People are downloading
apps like crazy — and for good reason . . .
Apps make people's lives easier. Whether it's an app that
helps people put together nice pictures for their blog or an
app that keeps track of tasks, there are helpful apps out
there for everyone.
You might be asking if there are so many apps out there,
why would you want to attempt to create an app? Isn't
there a lot of competition? Well, yes, but fresh, creative
ideas can win. If you can come up with something unique,
you can make quite a bit of money. Simple — yet unique
— apps can be pretty passive.
Don't know how to code? No problem. First, you can
learn. Check out Nathan Barry's success in his inspiring
article, "How I Made $19,000 on the App Store While
Learning to Code." Nathan also put his design expertise to
work in an ebook teaching others how they can design
their own apps.
Second, you can hire a developer to build your app based
on your idea. This could end up being an expensive
option, although it will probably yield a professional-
looking app.
The end result is an app that has the potential to make you
some relatively passive income. Don't downplay the idea
to build an app — it's a good one!

14. Create an online course.

Everyone is an expert at something. Why not create an
online course about your passion?
My buddy Ramit Sethi at IWillTeachYoutobeRich.com is
an expert at creating online courses. He has made an
insane amount of money selling his lessons. Most people
would be happy making a fraction of what he makes
online.
There are a number of ways you can produce and host
your own online course. One very simple way is to use a
website like Udemy.com. Udemy as over eight million
students and is a great way to get your content in front of
others for their consideration.
Once you create an online course, it can work for you
while you sleep!
What do you put in your online course? Good question.
You can add video lessons, checklists for completing
steps you recommend in your video lessons, small ebooks
to supplement the lessons, audio files for people listening
while travelling, informative interviews with like-minded
experts, and a whole bunch more!
In fact, you can create several packages at different price
points. Some people will want everything, so you can
include ‘the works' for the highest price point and then
have two lower price points so that you can receive the
largest possible volume of orders.

Apps have the potential to make you some relatively

passive income. (Source: Getty)

15. Make an online guide.

If writing articles or creating videos isn't your thing, and
you want to make money online, try creating an online
guide.
A good example of this comes from Pat Flynn's website,
SecurityGuardTrainingHQ.com. On the website, he has a
map of the United States that allows someone to click on
any state to see the security guard requirements for that
state.
By providing specific information in a guide-like format,
you can make money through some of the means already
addressed: advertisements through Google AdSense,
affiliate links, and even memberships you can sell from
your online guide. It's a fantastic idea!