develpreneur podcast

Events, Parties and Networking for Passive Income

In the world of passive income, what can be better than parties and networking as part of your efforts?  I know that some of us do not find a lot of pleasure in these types of events.  However, for those that do, this becomes a perfect match of work with joy.  You can start small and grow to substantial income and activities. Parties and Networking For Income We have all attended events that fall into this category.  They may include a school dance, a professional conference, or a group vacation.  Of course, some of these require a large amount of effort and time to get them set up.  That would remove the passive part of this particular income source.  Nevertheless,... Read more

develpreneur podcast

Odd Jobs For Passive Income

We have touched on a large number of potential passive income opportunities.  However, there is an incredible number of lesser-known odd jobs as well.  These can include collectibles and ride-sharing, but that is not the focus of this episode.  We will spread out into further reaches, including transportation services and jobs that are roughly doing someone a favor (for a fee). Odd Jobs Are Everywhere (But Hard To Find) The most significant challenge with these jobs is finding them.  The best odd jobs typically are found via word-of-mouth or niche web sites.  These often require a level of trust between the employer and employee.  They also range from things like hand delivering items to house sitting or similar services.  The... Read more

develpreneur podcast

Arts and Crafts To Passive Income

While arts and crafts are not always a path to riches, they do often have some value beyond the material they are created from.  Thus, hobbies that fall into this category are excellent for passive income.  There are work and effort that go into these products.  However, when you enjoy the job, it might as well be considered passive. Arts And Crafts Come In Many Forms Many people think of things like painting and pottery when art is mentioned.  However, the Internet has made it easy for us to make money from many other forms.  These options include photography, music, and writing.  There are sites where people pay money to browse a wide range of these types of products and... Read more

develpreneur podcast

Ridesharing For Passive Income – Plan Accordingly

When you think of passive income, the idea of ridesharing is not likely to occur to you.  However, there are ways to make this new opportunity work for you.  This concept will require some planning and flexibility.  Nevertheless, we can find ways to do this in a passive style rather than the side-hustle it is often viewed as. Ridesharing Can Be Time For Money The most common approach to the ridesharing services out there is as a side-hustle.  Someone signs up, sits in their car, and collects riders when they can.  This description is a simple model and a way to make some extra cash.  However, we can take advantage of our usual travel patterns to find ways to earn... Read more

develpreneur podcast

Passive Income From Overages – Make a little more, generate revenue

No matter what physical product is created, there are bits left over.  Sometimes these are full, unused products.  In this episode, we look at using those to generate passive income from overages.  These items are often tossed in the trash, so why not see if they are sellable.  Rather than working harder, this approach will allow you to generate income from stuff you already have. Passive Income From Overages – Trash To Treasure There are many examples of these product opportunities.  One that may be very familiar is the idea of a proof copy of a book or artwork.  These are used for validating a product and are typically less than 100%.  However, they may still be perfect for the... Read more

develpreneur podcast

Subscription-Based Products – The Holy Grail of Passive Income

The best ways to generate passive income is through subscription-based products.  These solutions are the gift that keeps on giving.  We have a sales cycle that is successful, and then we see the profit for months and years to come.  It is worth our time to dig a little deeper into this form of income and typical solutions in this category. The Best Subscription-Based Products While there are many ways to create a product that generates recurring revenue, some jump to the top of the list.  These may seem obvious.  However, it is good to keep these ideas in mind when you start down the path of a PI product.  These traits are the best ones for subscription-based products. Software-as-a-service... Read more