Five Ways to Create Extra Income With Little or No Money

I’ve always had an entrepreneurial spirit. From a young age, I began reading every book I could get my hands on about wealth, personal finance, and entrepreneurship. Most of these books were heavy on concepts, but light on specifics. With this in mind, I went to seminars and started mingling with people who were already doing it to find out how they started. Here are five suggestions from what I’ve learned.


1) Start a bulk-candy vending business


Pros: extremely low maintenance
Cons: difficult to secure locations, requires some startup funds

Everyone has seen a gumball or candy machine in the lobby of a restaurant. Have you ever wondered who owns those machines? Most bulk candy businesses are owned by small, independent operators who have negotiated their way into another’s place of business. The vending operator either gives the owner a percentage of the revenue or promises to give a percentage to charity.

A quarter vending machine that offers three different types of candy can be bought for about $200 and the candy to fill it costs around $50. In a good location the machine can easily bring in around $25 per month. That means that you can pay off the entire asset in about six months or roll your profit into a second machine. After another six months, you can buy two more machines.

This may not seem like big money, but it is planting the seed for big money in the future. If you don’t have the money or credit for real estate, this is one way to turn a couple hundred dollars into a couple thousand.

The hard part is finding locations. You will have to learn some sales skills and utilize the power of persistence as you knock on doors. You might approach 20 different businesses before you get your first location. However, once you get a few locations, finding more will get easier.

Click here for a more detailed article on bulk candy vending.

2) Help Local Businesses Market Online

Pros: in extreme demand
Cons: requires acquiring a skillset, knocking on some doors

If you know anything about the internet, you probably know more than 50% of the small businesses in your community. Just think of the last time you Googled a dry cleaner or a doggie daycare… How bad was the web presence of the results?

To take it one step further: If you can do something special like create internet video for local clients, you can demand even more money for your services.

To learn more, check out Local Video Guru, a project I recently worked on with Local Internet Marketing Superstar Jack Mize.

3) Network Marketing

Pros: low initial startup funds needed, huge potential
Cons: must overcome negative stigmas, many scams out there

Network marketing is an industry that allows individual entrepreneurs to team up with a company to market their products or services. The idea behind network marketing is for the company to eliminate the costs of marketing, advertising, sales, and distribution, allowing the consumer to take on these responsibilities if they choose.

Many highly respected companies such as AT&T, Direct TV, Gap, Amazon.com, Google, Apple Computer, Macy’s, Nordstrom, Travelocity, and tons more have started to borrow from the concepts of network marketing. These companies have realized that the impact of their multi-million dollar advertising budget pales in comparison to the power of word-of-mouth advertising. When I noticed this trend towards the network marketing method, I dropped my “no way” attitude and decided to investigate the traditional network marketing model.

Most people have very negative feelings about network marketing because there have been a lot of bad apples in the industry, especially early on. What these people don’t realize is how far the industry has evolved. A few of these companies have learned from past mistakes and rid themselves of many of the negative aspects of old-paradigm network marketing. If you can find the right network marketing company today, it is possible to build extra income without a lot of money and still keep your friends.

Have you ever recommended a great restaurant or movie to someone? Have you ever told someone where you found a really great buy? Did the restaurant, theatre, or store ever pay you for your referral? That is precisely what the new generation of network marketing companies is doing.

The good apples offer a wide variety of great products or services at a great price, meaning that you don’t have to refer people to make it worthwhile. Selling something that is expensive and unnecessary is hard, but recommending a product or service that is better and less expensive is easy.

The way to minimize your costs with network marketing is to find a company that has products that are already on your shopping list. Then, replace the products you are already buying and you have just started a business for nothing. You might even find a way to save money.

The new generation of companies handles all the inventory, paperwork, and sales for you; all you have to do is refer people and the company does the rest. It is truly amazing how simple the process really is. What’s that you say? You don’t want to bug all of your friends and family? Not a problem, smart networkers use the internet, or other forms of creative advertising to bring prospects to them.

The big money in network marketing is made when a referral decides to make a business out of it. Most companies pay referral fees not only on your referrals, but on secondary referrals and beyond. Your efforts will be multiplied by the efforts of those you refer. Your business will soon be leveraged into a money making machine when some of their referrals decide to do it as a business, and so on.

Click here for a more detailed article on network marketing.

4) Create Interesting Internet Content

Pros: extremely low cost, extremely low maintenance.
Cons: some computer skills required, must have interesting content

The internet is entering an exciting new phase where otherwise average people are being rewarded for creating and sharing interesting content. There have been a group of internet pioneers such as Google, Revver.com, istockphoto.com, Amazon.com, and others, who have decided to share their revenue with content creators. This means that if you can come up with an interesting blog, movie clip, photo collection, flash design, podcast, or other form of easily distributable electronic content, you might be able to make extra income from it.

People who spend the time to come up with a clever video that lends itself to a lot of peer-to-peer sharing make a lot more money. Take this next video for example. At the time of this posting, it had been watched over 3.5 million times.

Amateur film-makers aren’t the only ones benefiting from the internet revolution. iStockPhoto.com allows photographers to sell use of their photographs on their site. Just upload your photos and sit back and collect a check.

If you can generate traffic to your blog, you can make money with advertising or affiliate programs. This site is an example, but the king of monetizing blogs is Steve Pavlina. He has posted that his blog generates over $1000 per day. He is successful because he has great content and is unselfish. He will tell you on his site exactly how he did it and how you can also.

Be sure to check out my Blog Income Reports to see how much I’m making on Genius Types.

Read How to Blog :: The Manual for more details.

I love the fact that average people can be rewarded for good ideas and creative content in the internet. Creative people have a new chance to pursue the Amercan Dream.

5) Set up an Automated eBay Business

Pros: relatively easy, system already in place
Cons: time spent acquiring & shipping, must find unique product sourcing

eBay is to product markets what the Nasdaq is to the stock market! If you can find a reliable, wholesale source for a product, there are over 50 million people on eBay waiting to buy it from you at retail.

It is easy to fall into the trap of turning an eBay business into a full time job, so to keep it as low-maintenance as possible you need to automate. Find a product that you can get over and over from a reliable source at wholesale. Then automate your eBay auctions with one of the hundreds of auction software programs available to you on the internet.

The software will start new auctions when the old ones end and basically do everything for you except ship the products. Eventually, one could even hire out the shipping to his kids for allowance money.

The key to a profitable eBay business is a good product source. Even though eBay is known for rock-bottom prices, it still works on market principles. For example, you could shop eBay’s “Wholesale Lots” section to find products in bulk at a discount. Then, you would turn around and sell them one by one for a profit.

I have used all five of these techniques to produce extra income. In doing so, I have been able to quit my job and work from home. You can read my income reports for a complete breakdown. I hope that my experience has provided you with some insight on how to do the same.


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182 Comments

  1. Lester March 12, 2012 at 12:13 am #

    Wow! This is quite the in depth article! I appreciate all the hard work you put in. I cannot believe how much money there is out there on this kind of stuff but things have changed greatly in the past decade. I will pass this article along to a few of my friends who can make MUCH better use of it. I did enjoy the read though.

    Reply

  2. Stephen February 19, 2012 at 10:23 am #

    Thanks for the great post. Some very interesting ideas here. I have two passive incomes that are working for me which I advertise on my website. None of them are get rich schemes. The one is forex auto trading and the other one is a MLM. The MLM is only starting to pay after 8 months of work, but it is working. I am starting with a third one which should be launching soon. The trouble with MLM is that it is difficult to recruit customers as people have been scammed so many times. I am also planning to look at zulutrading.com in the near future as an alternative to automated forex trading. I am keen to find out if anyone has had any experience with them?

    Reply

  3. Josue February 5, 2012 at 10:13 am #

    Excellent resource!

    Reply

  4. Niaui February 3, 2012 at 1:16 pm #

    Hi Brian,

    Thank you so much for your selflessness in sharing this wonderful piece of information. I’ve read Kiyosaki’s book, but never really found the specifics on how I can apply the concepts. Thanks to your blog, these big concepts were made available to living human beings. :-) Keep up the good work!!! :-)

    Reply

  5. Dave January 25, 2012 at 8:35 am #

    I will be working on my investment property soon. Would like to own an investment property within the next 5 years. Looking at a cash flow of $10,000 in 6 years time!!
    Cheers!!

    Reply

  6. Pamela January 22, 2012 at 11:42 pm #

    Affiliate marketing and starting a blog can also be a great way to create passive income. With affiliate marketing you dont need cash to start and you an create a free blog with blogger or wordpress and monetize it by advertising affiliate products on it and with adsense. This way you will create at an online real estate and for years to come it can make you an income.

    Reply

  7. Chad January 19, 2012 at 1:33 pm #

    I actually run a vending business as one of my ventures, and I can tell you it IS a great and cheap biz to get into. Profit is around 50% after all expenses including overhead. It’s also a great motivatore to see the money actually in your hands at every stop. Somehow it feels more like “real” success.

    Reply

  8. Alicia Keys January 9, 2012 at 5:59 pm #

    Great tips and ideas, thanks for sharing! I used to earn passive income through the web a few years ago. However, it’s not just one of those “set it and forget it” kind of things.

    Reply

  9. char January 6, 2012 at 10:32 pm #

    Thanks for the tips ebay and internet is going to be my new focus area.

    Reply

  10. financial news January 5, 2012 at 1:15 am #

    It’s appropriate time to make a few plans for the longer term and it’s time to be happy. I’ve learn this put up and if I may I wish to suggest you few fascinating issues or suggestions. Perhaps you could write next articles referring to this article. I want to learn even more things about it!

    Reply

  11. Claim Whiplash January 3, 2012 at 8:43 pm #

    Some good ideas here, also I think selling mobile phone contracts, mortgages or life insurance can create residual yearly income that builds up the more clients you have monthly.

    Reply

  12. laurence December 31, 2011 at 8:07 am #

    hi there i love your site good content too id love to get a backlink from you and inreturn ill write an article on your website.
    thank you larry

    Reply

  13. Stephen December 14, 2011 at 1:20 pm #

    Hi. I could not agree more with you about the scams with internet marketing. It is hard work but as you say, you have to watch out for the scams out there. I tend to look for those that require small investments, thereby reducing the risk of losing your money. I have learned the hard way to stay away from the “free ones”. The work that you put into these are just not worth the money you get out. I started some of mine eight months ago and I am only starting to show I profit now. The beauty of these systems is that I will continue to get payment for the work completed. The other part is the more you work the more your income grows.

    Thanks for the great article.

    Regards

    Stephen

    Reply

  14. Daniel A-D November 3, 2011 at 10:37 am #

    Wow! Tanx a million for the tips. I’ll put them to use right away n hit u back with my success story soon…stay blessed!

    Reply

  15. Fauzyah October 24, 2011 at 5:22 pm #

    AWESOME! GREAT! FANTASTIC! NEW IDEAs FOR ME! LOVE IT! GOD BLESS U Mr Brian…!

    Reply

  16. Rick October 24, 2011 at 11:37 am #

    Truly passive income requires creativity, and initially (at least) not-so-passive amount of work. But then the money can start flowing and you’ll realize how much more time and energy you have because of not worrying about the daily bills so much. Truly a gift.

    Reply

  17. Maria (Work at Home Mom) October 11, 2011 at 6:05 pm #

    I’ve created passive income online through my websites, niche articles, and an ebook.
    Offline, my two rental houses provide a positive monthly cash flow with nearly no work.

    Reply

  18. David Houman October 5, 2011 at 11:27 am #

    Thanks for another excellent article. Where else could anybody get that kind of info in such an ideal way of writing? I’ve a presentation next week, and I am on the look for such information.

    Reply

  19. iphone unlocken October 2, 2011 at 3:33 pm #

    Hahah, Our laptop died while I was reading this blog last time I was here. And for the previous two days I have been searching for this specific web site, so thankful I located it again! :D

    Reply

  20. Wilton Melser September 26, 2011 at 10:22 am #

    There are some attention-grabbing closing dates on this article however I don’t know if I see all of them middle to heart. There’s some validity however I will take maintain opinion until I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as nicely

    Reply

  21. PublishersVault September 20, 2011 at 10:23 pm #

    I prefer the network marketing approach as I have always had better luck with affiliate sales than with pay-per-click advertising.

    Reply

  22. Maria Casperson September 19, 2011 at 11:35 am #

    Thanks so much for this, really has helped!

    For the last 3yrs I have been in financial difficulty, and the job I was working at did not earn enough to help me get by…I was desperate to get a passive income which would help contribute towards my income… so i searched and checked out many internet sites to try and learn how to do this, but did not come across anything that helped me the way I wanted it to.

    Recently I attended a seminar on how to create a passive income, and I was amazed at the options open and available to normal everyday people like me and you!

    The money making business is no longer in investing in shops, businesses, properties and stuff, but the internet is the place to be! Believe it or not, but people can make a HUGE turn over through ‘Internet Marketing’!

    I recently got this thing online (out of desperation to make money quick), and its helped me soooo much!! I’ve only used it for 8 days and already I have made £192 in profit! Now I know its not much, but i made that whilst doing nothing! Just simply followed the instructions and thats what I made! I’m going to take the next step and try and do it on a slightly bigger scale, so hopefully fingers crossed i can generate more of an income passively! =D

    If anyone’s interested its on;

    http://2f9144qwy5m1v79gfjk0hjeqe0.hop.clickbank.net/?tid=AKPASSIVEINCOMELINK

    Check it out, if you like it then get it! Its amazing! But if you don’t then no problem!

    Just thought I’d share and let people in my situation know not to give up because there are fantastic ways of having a passive income!

    Reply

  23. RB September 6, 2011 at 3:20 pm #

    To follow suggestion #3 a good network marketing company is Young Living Essential oils. I’ve been working with them for several years with good results… email me at Rockieb@aol.com if you’re interested….

    Reply

  24. homebaseincome September 4, 2011 at 12:43 am #

    I enjoyed reading this article because I am one of those people who now earns passive income. I write articles, blogs, create websites and videos and they all bring me residual income NOW.

    Reply

  25. Riz August 20, 2011 at 7:48 am #

    Hi,

    we can also go for autoblogging and monetize those blogs to make some money from online advertising platforms like Adsense, Adbrite etc. It will not make you rich but then every penny earned without any efforts is actually an earning :-)

    Reply

  26. Darren August 20, 2011 at 12:08 am #

    Hi, great blog, love the content, there are so many ways you can now make income. I am doing a similar thing at http://waystoincreaseincome.com

    I wish I had more time, to try everything that is out there.

    take care

    Reply

  27. Mike August 17, 2011 at 3:13 pm #

    Interesting thoughts if a little dated in todays climates. Things are oh so different now with social media marketing etc.

    Reply

  28. Bill August 8, 2011 at 4:10 pm #

    I too have been at this IM thing for one year plus, and am putting in significant hours with sporadic paydays. But, I am pursuing my dream and am still confident that dream will be a reality very soon. Many people quit right before they reach the top of the mountain and never realize they were inches from getting over the top and letting that momentum carry them down that hill to success and happiness. I have found a common thread of successful people to emulate in a specific type of business model that I believe to be one of the most effective and lasting ways to become successful as your own boss. Best of luck to all who read this. Bill

    Reply

  29. epilare definitiva July 9, 2011 at 5:31 pm #

    I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I am quite certain I’ll learn lots of new stuff right here! Best of luck for the next!

    Reply

  30. וילונות July 9, 2011 at 1:38 am #

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  31. Rachel Bourne June 2, 2011 at 8:42 am #

    Thank you for the information! I’m compiling ideas on my website for my quest for financial independence $100 at a time.

    Reply

  32. R Ruffner April 30, 2011 at 12:16 am #

    … and, I thought your overall article was informative. Thanks!

    Reply

  33. R Ruffner April 30, 2011 at 12:15 am #

    I am surprised that you allow commentors to drop links to other businesses/mlm’s into your blog. I, personally find this ethically disambiguous, especially since the poster is a “member” of the mlm, and obviously using your site as an advertising medium. Especially in light of the fact that there are only about 12 (?) states that use the ‘service’ company as mentioned. To my personal view of business ethics, this borders on fraud – using the site you pay for and maintain – without providing a cut of the ROI to you.

    Reply

  34. Morten April 26, 2011 at 11:05 am #

    Informative text. Thanks for the good read.

    Reply

  35. Ben April 20, 2011 at 4:52 pm #

    For those of you looking to create passive income, here is an awesome opportunity you HAVE to look at. They got named the FASTEST growing company in America this past year by INC magazine. It’s about residential gas and electric – EVERYBODY uses it! I liked the gumball idea, but one question? How many people bought a pack of gum or a gumball today, yesterday, this week? Now I ask, how many people used their electricity and natural gas today, yesterday, this week, and will continue to do so? Also, how much more is your energy bill than a gumball? They offer energy at wholesale prices, with no sign up fee or contract and pay consultants thousands of dollars for helping people save money. I get free electric through this and a residual income after 8 months with this company. Folks, it’s worth 20 mins of your time to see if this business is right for you. http://www.highpeaks.energy526.com

    ~Ben

    Reply

  36. Darin April 15, 2011 at 4:18 am #

    free tips would be best

    Reply

  37. Darin April 15, 2011 at 4:16 am #

    I put in alot of effort but i never seem to get the traffic to my site, any help would be appreciated, Thanks

    Reply

  38. BV March 30, 2011 at 3:12 pm #

    When some people in the comments say, own a website and make money from it, can you please elaborate a bit more? What do you post on your website and how do you make money from that? Just curious as I am looking into resources to learn to earn some passive income

    Reply

    • Brian Lee March 30, 2011 at 5:22 pm #

      The most basic way to make money is to post articles about something to attract traffic, and then put google adsense ads on your website that pay you a few bucks every time someone clicks.

      Reply

  39. Lian Yao March 25, 2011 at 8:29 pm #

    I had been searching the net for months now trying to learn how to earn income online. I found this post a while back and it inspired me to create a blog about different ways of earning online income. This was one of the very first posts I found when I began my little online marketing adventure. I just wanted to come back and thank you for the awesome post. Before this I didn’t even know what passive income was. Thanks again.

    Reply

  40. BusinessPJ March 14, 2011 at 9:12 am #

    Great view on generating that passive income! Especially the options where you invest first. People tend to think of passive income as ‘free income’ or ‘no cost’ startup.

    Cheers, I’ll write an articles about this matter as well.
    PJ

    Reply

  41. Scott March 7, 2011 at 2:01 pm #

    Great blog, I have been in MLM’s in the past. MLM’s make more sense than anything out there. The problem is that you can never get anyone else as fired up as you are about their business. Even if you can get them to sign on, there is a small chance that they will pursue the business.
    Good luck to all

    Reply

    • Brian Lee March 10, 2011 at 5:32 pm #

      I agree.. it makes lots of sense, but it’s hard to convince others that it makes lots of sense.

      Reply

  42. James Jackson February 6, 2011 at 5:11 pm #

    Man who say it is impossible should get out of the way of man doing it!

    Reply

  43. Johnny Bronx January 19, 2011 at 10:09 am #

    Eh…maybe.

    Forget nothing down real estate. Nobody, and I mean NOBODY, is goign to lend you 100% of the purchase price of anything. They might as well buy it themselves, for that matter, and the default rate is exstremely high. People jsut walk away from something they have no money invested in. So, forget it.

    Forget about the candy vending machine business. Here in New York, the Mob’s involved in that. And, besides, someone has to drive around filling the things up and collecting the money. Guess who that’s going to be? So much for being passive.

    And, as far as I’m concerned, “network marketing” is PC for “Ponzi scheme.”

    Burn this into your brain: “Easy money attracts bad people.” That means that, even if you’re not bad, you’ll be among people who are. And, the easier the money, the more bad people you’ll be among.

    Reply

    • Brian Lee January 19, 2011 at 1:13 pm #

      I bought 6 houses last year with no money down, so you’re going to have a hard time telling me it can’t be done.

      Reply

  44. Doug January 3, 2011 at 7:21 pm #

    Some very good ideas. Many of the other passive income sites recommend rental real estate but as a past landlord that certainly wasn’t very passive, too many headaches.

    Reply

  45. logan December 12, 2010 at 7:19 pm #

    Hey, im a university student and read rich dad, poor dad. it changed my life. i dont work for them or anything.
    i bought a house and rent it to uni students, creating $1000 a month in passive income. i have gained $100,000 in equity in the property, and my goal is to have enough passive income to retire out of university.

    Reply

  46. Patrick McTigue December 2, 2010 at 12:36 pm #

    Hi Brian,

    I personally like 4) Create Interesting Internet Content

    I do a lot of success coaching and I often find that helping a person get a blog up is the single best thing I can do to help them get some type of “real” business going online. I am a huge fan of internet real estate, and getting a blog up and running does give the “little guy” a fighting chance for success.

    Reply

    • Brian Lee December 2, 2010 at 12:37 pm #

      Thanks for the take, Patrick!

      Reply

  47. Leng Pisey November 13, 2010 at 11:41 pm #

    I want to create money into my family. So what can I do. Now I borrow money 1000$ from my directory.

    Reply

  48. Karla November 12, 2010 at 7:40 pm #

    Wow, this is such a great blog post! I am thinking of earning money on my own so that I can go back to school next school year! And your article is such an inspiration and informative one! Thanks to you! Keep sharing!!!

    Reply

  49. joerob October 28, 2010 at 10:08 am #

    Brian,

    This is great!

    Thanks for the inspiration!

    Reply

  50. Dan @ Gold Trading October 4, 2010 at 6:43 am #

    Hey Brian,

    The 5 ways to build passive income you mentioned above are indeed useful ways. Thanks for the information.

    The idea of bulk-candy vending machines idea is actually quite interesting and realistic. I do have a friend who is a owner a vending machine company in Singapore and they place healthy yogurts and drinks vending machines in schools and offices. It attracted many children and office girls. Though it may take a while longer to break even but there is a great potential to increase the residual income exponentially.

    Network marketing method is something like really works but some many find it skeptical. Many people thought it’s easy to achieve without much efforts. But the truth is that many successful network marketers actually work their butts off in the beginning before they start to see good results.

    So the important thing is, start taking action and stay out of the comfort zone . There might be lots of challenges along the way but getting pass them is the way to succeed. So never give up and press on. I’m just speaking from my experiences.

    Looking forward to more of your blog posts Brian!

    Cheers,
    Dan

    Reply

  51. Jane October 3, 2010 at 4:23 am #

    Hi Brian,

    Thanks for the great content!

    Reply

  52. Calcatraz September 14, 2010 at 10:15 pm #

    Thanks for sharing. It’s always good to hear from people further up the ladder :)

    Reply

  53. Network Guy September 7, 2010 at 2:11 am #

    I’ve made a little money from Ebay the same way as you have suggested. It is possible but took me a little time to see any results. I think if i did have some more time, then perhaps I could make a lot more money with it. There just isn’t enough hours in the day.

    Reply

  54. Arthur Winslow August 24, 2010 at 4:17 am #

    I especially like the 4th point. Youtube has turned 14 year olds into household names. If you can create good viral content it can do wonders, and drive tons of traffic to your site and blog. Brainstorm peoples!

    Reply

  55. PR August 21, 2010 at 1:52 am #

    Perfect, just to complete number 4) perfect content. There is no need to have any computer skills at all in some cases. To be concrete, we offer passive income inside travel related Tixik.com website, where you ,,only” need to
    like travelling OR need to speak and write your language fluently (I hope everyone do) and, at the beginning, have some time, of course. You can become an editor and start earning in few minutes. Of cource, your income is little bit worse than in case of your own project, but you have no costs for servers, no need to learn anything technical. Just do what you like and we will pay you (for a long time).

    Reply

  56. Jennifer July 29, 2010 at 2:47 pm #

    Hi my name is Jennifer. I wanted to say you have a good article on how to create passive income. I am trying to create passive income myself writing from home.

    Reply

  57. gazebos July 23, 2010 at 2:21 pm #

    Great article. Thanks for the methods you explained. I will try this.

    Reply

  58. Work from Home Wiltshire July 19, 2010 at 11:50 am #

    This a great article. I would add the use of Clickbank which generates income and also finding business who want to use traditional methods of advertising such as distribution of flyers. They will pay up to £60 per thousand. Good people to approach are free newspapers, supermarkets, estate agents, replacement window and door companies, and carpet cleaning companies . Even doing a paper round can generate good money especially at the weekend when kids want to have a lie in.

    Reply

  59. Jennifer June 25, 2010 at 12:04 pm #

    These are excellent ways to point out passive income and the most simplest way in my opinion is creating content on a blog or website like this one.

    Reply

  60. Generate Passive Income May 25, 2010 at 10:14 pm #

    Interesting idea you’ve got there specifically the eBay automated business. I might consider that idea. Thanks for sharing!

    Reply

  61. Ex Catalogue Wholesale Guy April 28, 2010 at 5:50 am #

    I started out working at home online with ebay and I did very well, up until a couple of years back when I noticed my profit margins were dropping due to ebays and paypals ever increasing fee’s.
    There’s still money to be made from ebay, but as you say keep it simple and automated.
    I now earn a full time living from four wholesale websites I own, I also recommend people look into building there own sites, its not that hard and you can make a great living from it.

    Reply

  62. James April 27, 2010 at 2:23 am #

    it is everyone`s dream to gain without give out nothing

    Reply

  63. Light April 9, 2010 at 8:07 pm #

    Wow!! Cool!!

    Reply

  64. US Click Ads March 2, 2010 at 11:31 am #

    When I retired and came online to click ads for a penny each, all my friends laughed at me. After a few years I built a reputation online and started piling up referrals, then invested that into high risk investments with the risk removed by virtue of using free money and now it’s my turn to laugh, all the way to the bank every week while I sit on my backside and enjoy an affluent retirement lifestyle. What you write here are FACTS.

    Reply

  65. Manoj March 2, 2010 at 12:52 am #

    Hi,

    I am into internet marketing and IT enabled support field for more than 7 years, working for a company.

    I would like to hear from you experts on a genuine passive income stream.

    Kindly advice.

    Regards

    Manoj

    Reply

  66. andy February 11, 2010 at 2:54 am #

    I love the idea of passive income, especially your vending machine idea. I guess it would be a little difficult to secure a location, but I can think of one or two. Worth a bit more investigation i think. Nice article.

    Reply

  67. air max shoes February 4, 2010 at 12:29 am #

    it is everyone`s dream to gain without give out nothing

    Reply

  68. Matt Gran February 2, 2010 at 8:49 am #

    Brian,

    Do you share the income from the vending machines with the owners of the locations? If so, what percentage do you give them? Do you utilize virtual assistants at all? I use http://getmorehands.com I think they would probably assist but not sure if you have tried in the past.

    -Matt

    Reply

  69. consumer electronics wholesale February 2, 2010 at 5:57 am #

    good article,thank you for sharing

    Reply

  70. JadeDragon January 27, 2010 at 7:24 pm #

    5 good ideas. I like that you have tried them all yourself. Anything to avoid a JOB right? I am organizing my life so I can work on my businesses not in them. I blog on passive income too.

    Reply

  71. GoodExtraIncomeIdeas January 6, 2010 at 9:26 pm #

    The ebay business can be a very good extra income idea, but as you say, you must have a place to get your product. I use local storage auctions to get my products from and it works out great for me. Call your local self storage companies and ask them when they are having their next auction. Then go ! You can pic up a lot of stuff for cheap . Thanks for sharing.

    Reply

  72. Passive Income December 29, 2009 at 12:14 am #

    Interesting suggestions – I havne’t tried the candy machines vending but I certiainly do the online marketing and also investment property. Anything really so long as I don’t have to get a JOB LOL

    Reply

  73. George Packard December 18, 2009 at 4:10 pm #

    A vending machine business is a very lucrative business. A good strategy on finding a good location is key.

    Reply

  74. iPhone Cover December 16, 2009 at 2:35 pm #

    You can also drop ship all over the world using chinese companies!

    Reply

  75. Monica December 10, 2009 at 6:13 am #

    Income for Life. 2 ways to earn good money.1.Own website created by you very easy(webbuilder) – bloggs! 2. Find the people they need webhosting and you will get paid.

    Reply

  76. zolwang October 27, 2009 at 2:23 am #

    Good idea,i will try it .thanks

    Reply

  77. certified life coach October 23, 2009 at 3:11 pm #

    Thanks for sharing nice ideas. There are so many legitimate work from home options which you can do without any investment and earn a good income. Internet marketing and uploading contents to internet are some of them. I personally prefer Freelance jobs as my side income.

    Reply

  78. Eddie October 11, 2009 at 6:46 am #

    Great site you have Brian. I feel that I can really relate to what you say as I am on a similar path.

    I currently own 1 investment property and am working 60 – 80 hours a week while I save up enough money to invest in a laundromat business. I will then cut down on my JOB and run the business part time and focus on increasing my passive income.

    I use the ’50/50′ rule you mentioned which is to re-invest 50% of profits and live off the other 50%. Once I get to 100k/yr passive income I’m out of the rat race and will spend my time doing things I enjoy.

    I really think people like us are in the minority and its great to find someone with a similar mindset.

    Keep up the great work mate.

    Reply

  79. Celina October 2, 2009 at 4:13 am #

    Great idea! I’ll look at it a give it a go.

    Reply

  80. Tony Lee September 26, 2009 at 6:50 pm #

    Hello Brian….

    Network marketing IS a fantastic way to not only earn a passive income, but to earn a full income and perhaps even, as they say, “Quit your day job”.

    A word to the wise for those who venture into (sometimes known as Affiliate Marketing) Network marketing;
    -Do all the homework and research that you can and don’t give in to marketing scams that drain your bank account.
    -Be patient and don’t expect to make six figures in six months. (Although some have done it!)
    -Don’t quit, make your mistakes, learn from them and move on.

    Great post!

    Reply

  81. Hospedagem September 21, 2009 at 10:39 am #

    The dividends could be enormous! Ten years ago when we bought in this area we noticed a lot of people.

    Reply

  82. Lawrence Sykes August 22, 2009 at 11:56 am #

    Great post!! Over the last ten years I have gone from nothing to achieving a passive five figure income every month. Mainly from property and online projects. I am now blogging about my success here: http://www.ratracewinner.com
    I hope my articles are of use to any readers interested in leaving the rat race and maximising on life.

    Reply

  83. Nate August 17, 2009 at 2:40 am #

    Hi Brian,

    Absolutely brilliant post. Passive income can be very hard to find a way into but i really like how youve simplified it here into easy steps. Candy vending is something i had considered many moons ago, but was never very sure how the system “worked”. I already got the eBay business automated and has been running for around 6 months which pulls in roughly £100 a month in profit…nothing major, but it helps and for very little effort, its great.

    Ive recently started blogging about my efforts – http://9to5ratracerebal.blogspot.com/
    Check it out sometime…

    Reply

  84. Angie July 29, 2009 at 10:23 am #

    Great post! Gives people a summary of marketing tips, methods, easy (and to be honest – sometimes not-so-easy) ways of making money. My favourite is network marketing – since that’s the one I use to make money. (and yes, it’s working, and my friends and family still don’t hat me:) I agree, one drawback of this method is lack of motivation. Just recently I found a great motivational video, let me share it with you: http://www.timeforchangemovie.com

    Reply

  85. DHgate March 12, 2009 at 12:27 am #

    Thanks for your interesting post,Brain. Your five tips means a lot to me.

    Reply

  86. Charles March 1, 2009 at 3:11 pm #

    I think your comment on interesting content is a very valid point.
    Web 2.0 is all the rage at the moment and I think it will be so for a long time. People can see through the old marketing tricks and want to see and trust people.

    Steve Pavlina is a role model for people wanting to make income in terms of blogging. By over delivering and being genuine, he ended up being able to achieve success. But note that it does take time to build up relationships with your readers and the results will come later.

    Reply

  87. Colleen February 10, 2009 at 9:06 am #

    I wonder about “1) Buy an investment property with no money down.”

    This was the case in years past, but one would be hard pressed to make a go off investment properties with no money down these days.

    Reply

  88. Hugh February 5, 2009 at 3:17 am #

    Great blog! But you DO NOT need credit to buy a home no money down.

    Reply

  89. keith roberts September 14, 2008 at 3:00 am #

    AWSOME BLOG!!! – And YES CANDY MACHINES ARE COOL!!!! – AND A FANTASIC EARNER (70 k last yera – only took 12 months and now 70k pa and growing !!!)

    Reply

  90. rich walker July 9, 2008 at 11:38 am #

    It does not take money to make money does it? most people just dont get that.

    Reply

  91. Master Stevens April 26, 2008 at 4:03 pm #

    Trite! Candy machines, are you serious?

    Reply

  92. Bob from Weekendeasycash.com March 24, 2008 at 7:34 pm #

    Fantastic ideas here.

    The best income is income where you do something once and get money over and over for the one task.

    Some other ideas are Trademarks. A bit more expensive – but if you come up with something unique – it can pay off.

    How about Adsense? This is another good passive income – but does take a bit of effort to get started.

    Great website !

    http://www.weekendeasycash.com

    Reply

  93. MSN hacken March 23, 2008 at 9:42 am #

    @ Chris Anthony

    Before you can live like you described above, you have to work hard, sometimes in the late of the night. It is not easy, but if you are working hard enough for it, you can reach it!

    Reply

  94. Chris Anthony March 5, 2008 at 7:29 pm #

    Nice Article Brian.

    I think that the goal that everyone should shoot for is that of Time Freedom. To make enough money to live comfortably and to actually have the time to enjoy yourself is the true american dream. It is time to live! No more commute. No more bosses.

    http://www.Time-Freedom.com

    Reply

  95. China-channels February 26, 2008 at 2:18 am #

    Nice article! I really enjoy reading it and the rest of your blog.

    Reply

  96. Lee Stuckey January 29, 2008 at 11:23 am #

    Jason I enjoyed reading your article on Passive Income.

    Passive/Residual Income is what every one who would like to be financially free should strive for.

    I think this type of income is the only true form of financial security. I use a number of these methods and a few more my self that are working very well, thanks for the interesting article.

    Lee Stuckey

    Reply

  97. Passive-Income-Investment January 25, 2008 at 3:01 am #

    I agree with Jason’s comment. Interesting and fresh content is a key. I would add to his comment that’s it’s important to include the right keywords with your content.

    Keywords + Fresh and Interestint Content = A solid way to make income online.

    This income can come as a result of affiliate products or just from using adsense on your website. Plus some will even pay you for writing. $4 an article at times.

    Thanks for the post!

    Reply

  98. Jason Harrington January 9, 2008 at 5:49 pm #

    Love the post, especially your post about how easy it is to make money on the internet nowadays with just a bit of interesting content.

    The road to internet income can be frustrating at first, but for those willing to put in the work, the rewards are there. It truly is all about creating and delivering interesting content – talk at length about what you know, and make it interesting so that people will keep coming for more.

    That’s really all it takes.

    And the wonderful thing is that it grows naturally over time as word-of-mouth picks up and search engines take notice of your website. – This type of growth is evidenced in your own blog income reports.

    Reply

  99. neil strauss January 3, 2008 at 5:57 am #

    Very insightful post indeed. Passive is income is the most important income of all since you will recieve it even if you don;t work 9 to 5.

    Reply

  100. Web 97 January 1, 2008 at 11:21 am #

    Love the post. Blogged it :)

    Reply

  101. Nancy December 27, 2007 at 9:52 am #

    Very interesting post. Picked up some pointers here. TQ

    Reply

  102. marie November 13, 2007 at 7:25 pm #

    residual…. its the word I want to wake up to every morning!

    Reply

  103. Brian Lee November 13, 2007 at 7:27 pm #

    I like that.

    Reply

  104. Jennifer Mannion November 6, 2007 at 8:06 am #

    GREAT article! I am pursuing the internet marketing approach and have been fighting the “video upload” for a while since I have to overcome seeing myself on video! But you reminded me of what a great tool it can be for getting traffic — so time to get it out and get over it! Thanks! Jenny

    Reply

  105. Mike T October 26, 2007 at 8:20 pm #

    Hey Brian, how much on average do you spend on candy to fill each machine?

    Reply

  106. Brian Lee October 26, 2007 at 8:34 pm #

    It costs about $50 to fill a triple-vend machine, and when you empty it, you’ll make about $200.

    Reply

  107. Brian Lee October 23, 2007 at 10:55 pm #

    Thanks, Jason. Those were very kind words.

    Reply

  108. Jason October 23, 2007 at 3:32 pm #

    Hi Brian

    I am taking a quick break from my work on Financial Freedom right now, to gain inspiration from Genius Types. I have a breakdown of business ideas, a 10-year ‘roadmap’, and I’m currently getting educated in the finer details!

    Your site has been a killer resource in creating a plan to actually *apply* the big, grand concepts from books like ‘Rich Dad, Poor Dad’.

    It’s so refreshing to find a collection of business strategies and ideas geared towards creative types – people who want to shape their creative visions from a platform of financial independence.

    As you say elsewhere, creative people suffer on the “all or nothing” plan thinking it’s the only option, or they get sucked into being a full-time entrepreneur or business owner out of a desire for financial abundance, only to see their passion shrivel and die.

    It’s a crappy dilemma.

    Your site caters for the middle ground – using business sense to establish creative time-freedom – and is exactly what I’ve been looking for! It’s like completing a jigsaw with pieces that you didn’t even know about.

    Thanks for the value, and well done for a year of exponential growth since posting this article!

    Reply

  109. Ken DiGregorio October 17, 2007 at 9:46 am #

    Being involved with network marketing and promoting two different programs at this time I have to agree with your article. Both of the businesses have everything set up for you that 98% of the work is done for you. All you have to do is promote the business. There are still scams out there, but there are ral legitimate opportunities where a person can make some real money.

    Reply

  110. Brian Lee October 7, 2007 at 2:02 pm #

    A $25 profit will only draw down the candy reserves about an 8th. If you were to empty the whole machine in a month, you’d make about $200.

    I have one location that goes through candy that fast, but the average is about $25.

    Thanks Randal!

    Reply

  111. Randal October 7, 2007 at 1:34 pm #

    Loved your ideas, but wonder if it’s me or my math skills about this one…

    “A quarter vending machine that offers three different types of candy can be bought for about $200 and the candy to fill it costs around $50. In a good location the machine can easily bring in around $25 per month. That means that you can pay off the entire asset in about six months or roll your profit into a second machine. After another six months, you can buy two more machines.

    If it costs $50 to fill per machine and you only make $25 a month, how does this pay anything off?

    I’m sure I’m missing something here lol!

    Your ideas are solid and I’ve got my browser open to explore the blogging manual.

    Thanks!

    Reply

  112. Asian September 19, 2007 at 3:09 am #

    Really Impressive! Worth reading article!

    Reply

  113. kane September 18, 2007 at 4:35 pm #

    Impressive way of thinking.

    Reply

  114. steve August 1, 2007 at 5:57 am #

    Good work. Procastination could also be written about and it kills most of the ideas

    Reply

  115. sylvan July 31, 2007 at 7:58 am #

    I found some great vending machines called wowy zowy machines, I am sure they would do well but I need to find good locationsmbecause they make noise and they have to be in a noisy place.

    Reply

  116. stephentrepreneur July 20, 2007 at 5:43 pm #

    I liked this post so much I’m having it printed to put next to my home-office desk. Three of the five interest me enough to look further into them. (I’ll leave candy to you and eBAY might be considered later.) Definitely a great read and well written article. Particularly liked the Mentos/DietCola video!

    Reply

  117. Neil June 17, 2007 at 2:43 pm #

    I’d take everything Steve Pavlina says with a grain of salt. I’m not calling him a liar, but many claims by him , such as earning a 4 year degree in just 3 semesters, set off my BS detectors.

    Reply

  118. Steve June 8, 2007 at 5:30 am #

    Wow! I didn’t know these other sources of potential income existed. I had heard of a few but I just had a brain fart on how to monetize a few other steams.

    thanks a bunch for this,

    Stephen Martile
    Personal Development with NLP
    http://www.stephenmartile.com

    Reply

  119. Brian Lee June 7, 2007 at 10:17 pm #

    Thanks Mike!

    Reply

  120. mike pudgings June 7, 2007 at 2:58 pm #

    Great read really gives one motivation to start learning more about passive income.

    Reply

  121. China Wholesale June 1, 2007 at 1:05 am #

    Here is another way: Import Direct From China and sell at Ebay. It’s easier than you think!

    Reply

  122. TerryG March 29, 2007 at 12:02 am #

    Great post. There is a lot of information here that I too read a few times. I can see where this would fit in with what I am trying to achieve.

    Reply

  123. Jesper February 22, 2007 at 4:04 am #

    Loved your post! I’m currently trying to learn about passive or semi-passive income to be able to be self-sustaining and stop working. I know its everyones dream and few make it, but I believe that it can be done, if the approach is systematical and persistents. I just wrote a (
    first) post on my project if you are interested to have a look.

    Reply

  124. brianclee February 7, 2007 at 9:46 pm #

    Great suggestion, Alex. As I write articles about specific forms of passive income, I’ll be sure to include the numbers.

    Reply

  125. Alex Shalman February 7, 2007 at 9:31 pm #

    Hey Brian,

    You make some good points in your post and make getting a passive income sound both fun and simple. I think that readers would enjoy hearing about some of the numbers associated with these ventures. They say that if you think you’re giving away too much info you’re generating an interesting article. Maybe that’s just me wanting more details though.

    AS – http://www.alexshalman.com

    Reply

  126. Patrick Ingle December 27, 2006 at 3:46 am #

    “As your time becomes more valuable, you leverage it by finding reliable people to do the work for you.”

    Very well said !!!

    Thank You.

    Reply

  127. brianclee December 27, 2006 at 1:48 am #

    “Passive” is really a relative term. I don’t believe that any investment is 100% passive by the strictest definition. Any investment requires some sort of effort even if it is something minimal such as having to manage your fund manager from time to time.

    My definition of a passive investment is one who’s return on my time investment is more than ten times better than I could get from a job. For example, I have to maintain my vending machines once a month, but I make as much money in one day of work as I could in ten days at a job.

    This article is about ways to get started with passive income with little or no money. If you don’t have much money to invest, you have to compensate by putting in a little more time. As your investments and income potential grows, your definition of “passive” will change as well.

    Real Estate and small business becomes more passive when you are able to hire a manager to run the business for you. As your time becomes more valuable, you leverage it by finding reliable people to do the work for you.

    Reply

  128. Patrick Ingle December 26, 2006 at 8:22 pm #

    The definition of passive income is where income is generated regardless of any effort or work. Passive income investments require an initial effort to establish the income stream, and then should be self-managing from then effort, requiring no further effort on the owner of the investment. Real Estate is not a truly passive investment when tenants move out and the owner has to put forth effort to re-rent the units. Forex investing with a managed account is truly passive. Google AdSense is passive income. Stocks splits and cash dividends is a passive investment. Remember the Ronco slogan, “Set it and forget it!”

    Reply

  129. Steven Aitchison November 9, 2006 at 5:24 am #

    Brian

    This is an interesting post and one which I read a few times. I am always interested in this type of income and your post is a good starting point.

    Thanks.

    Reply

  130. Peter Maccabe November 4, 2006 at 9:42 am #

    Looking for ideas “How to use referral fees’ for have prospects come to a direct purchase site for mortgage insurance. Any input as to How To? would be appreciated as the model that I am trying to duplicate is the TD Bank Insurance Model.

    The saving grace that we have is a market/client potential base of 92,000 realtors across Canada.

    A fee link on each reltor home site to record referral and pay fees if prospect buys seems to be the answer.

    Thanks in advance.

    Peter Maccabe
    McGill Financial
    http://www.mcgillfinancial.com

    Reply

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    geniustypes.comFive Ways to Create Passive Income With Little or No Money

  39. Life Is Easy / Enjoy your life with tips by tips-researching blogs. - June 3, 2007

    to do the same thing with your income. This isn’t an original idea, of course — author and blogger Timothy Ferriss talks about how to do it in The 4-Hour Work Week, and my fellow blogger Brian Tracy calls it Passive Income (also see his excellentFive Ways to Create Passive Income). Author Robert Kiyosaki, among many others, has been talking about doing it with real estate for awhile now. But in this article, we’ll talk a little about how automating your income can simplify your life, and then look at ways you can go about

  40. New Tech News Blog Network ~ Lockergnome - November 30, -0001



  41. stephentrepreneur - November 30, -0001

    make easy money five different ways might be a month old – but the information provided should last a lifetime. It’s got me wondering about purchasing property in my neighbourhood. The dividends could be enormous! Ten years ago when we bought in this area we noticed a lot of people

  42. Mangrove Root Gang: Creativity, Perpetual Personal Growth and Unconventional Wisdom - November 30, -0001

    his passion for, and dedication to, building a life based on passive income. Brian has already ventured into the lifestyle that will one day lead him to personal freedom. Check out his great articles on his site, but be sure to read his number one hit “Five Ways to Create Passive Income With Little or No Money.” I was blown away by his ideas, and I wondered, “Why didn’t I think of that!?!” And for those who are interested, Brian is running a contest to give away a free copy of the bestselling book, “The Seven Habits of Highly Effective People.

  43. KlikPasarDotCom - May 31, 2007

    See Money Differently to Attract More ·                    Rich Dad, Poor Dad :: review ·                    How to Blog :: The Manual ·                    Five Ways to Create Passive Income With Little or No Money

  44. Index of / - November 8, 2006

    . Steve Faber presents How to Become a Millionaire posted at Debt Free. Travis Farnes presents Get Motivated and Stay Motivated! posted at Self Improvement with Travis Farnes. Brian C Lee presents Five Ways to Create Passive Income With Little or No Money posted at geniustypes.com. That concludes this edition. Thank you to everyone who submitted articles to this week’s carnival. Submit your blog article to the next edition of Carnival of Success using the

  45. Benjamin Bach & Associates - November 8, 2006

    . Steve Faber presents How to Become a Millionaire posted at Debt Free. Travis Farnes presents Get Motivated and Stay Motivated! posted at Self Improvement with Travis Farnes. Brian C Lee presents Five Ways to Create Passive Income With Little or No Money posted at geniustypes.com. You can submit your blog article to the next edition of Carnival of Success using the carnival submission form. Benjamin Bach is a Real Estate Consultant with Keller Williams Golden Triangle Realty

  46. Ockham's Razor - February 13, 2007

    Create Passive Income ( GeniusTypes.com ) Blogging Manual( GeniusTypes.com ) Money from your blog ( StevePavlina.com ) Six Figure Blogger ( Problogger.net ) The short and curlies…

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