When you have little money, you want to get more. When you have no money at all, you are looking for ways how to get at least a little. If you are one of those about whom no money meme was created, you’ve come to the right place.
On the lookout for passive income without any financial support I have no money meme doesn’t look so funny. But what if I told you that there are plenty of passive income opportunities waiting for you at one click distance? The door is wide open so why not walk through it?
The web gives you so many choices that anyone can find a special way to create passive income with no money. Thus, you can do what you enjoy, what interests you and fulfill you. Yet, there is one thing to remember here.
You have to accept the fact that money doesn’t just appear in your pockets even in the online world. Complaining that you need to go to the doctor but no insurance and no money can’t do wonders. There is a strong need for action.Don’t ask where to escape when you need money now, instead, take action. If you do not start, who else would do it for you?
Okay, how many times have you heard something like ‘I don’t have money but I don’t want to invest’? Many times, in fact. That is the real reason why 90 percent of those who are trying to make money fail.
Sorry to disappoint you but that doesn’t work this way. If you are in a bad money situation and want to make money, then start with what you have or start with no money. You just need to roll up your sleeves and begin to take action. Let’s say, if you can buy a daily cup of coffee, you can start collecting savings to begin small investments.
Ways of Creating Passive Income without Financial Investment
So, before we begin our journey down the rabbit hole, here’s the thing – there are two main ways to passive income. First, you invest money to make it happen, second, you invest time to make it happen. Both of them need action. Without a doubt, it isn’t easy and requires a lot of initial hard work. And the hardest part is that it comes with no guarantees.
#1 Start a Blog
When it comes to passive income, blogging is one of the most popular ways that need no money to get started. All you need is to have expertise in any particular topic and show your seriousness to share important information with others.
And the good news is that the door is open for pretty anyone. Have no coding skills to build a website? Forget about it. Tons of free WordPress templates can save you from those tricky coding issues. Really, that’s not a challenge anymore.
Yet, the tricky thing about blogging is to find out your niche. What are you passionate about? Don’t fret if there literally millions of similar topics. Remember that good blogs get high traffic if written by someone who is particularly passionate about what he/she is writing. What will you get in the end? Well, depending on how hard you’ll try. The logic is simple here: the more time you put in, the more you are going to get out of it. So, good luck!
#2 Affiliate Marketing
Once your blog is up and running, you are going to want to monetize it. Sign up for some form of affiliate programs like Google AdSense or Amazon’s affiliate program. In fact, you don’t have to own a blog to be successful in affiliate marketing.
The beauty of affiliate programs is that you can use your social media accounts to promote products or services that others offer or produce. In case you’ll want to get serious in this, it makes sense to optimize your blog for search engine optimization (SEO). All in all, this could make a difference in your passive income results.
#3 Create an Online Store and Sell with Drop Shipping
To get you up to speed, eCommerce is growing by leaps and bounds. This explosion has led to an increase in the dropshipping business. It’s a very popular way of creating passive income without investment.
No worries about what products to sell. A lot of drop shipping companies will help you get started. As a result, you don’t have to handle any inventory. You just need to create an online shop and once you have a new order, the drop shipper will take care of the delivery. So, the customer pays for the product, you collect the profits, the manufacturer stores, and ships the products to the customer. Voila!
#4 Sell Your Photos on Stock Photography Websites
Are you great at taking photography? So, why don’t you make money on selling your photos on stock photography websites? If photography is your passion, consider trying your hand at selling your creative photos.
You have two ways: whether to sell your photos on stock photo sites or get a commission every time someone downloads them. Kaboom, you’re winning in both cases. So, how does that sound to you?
#5 Earn Money from Design Products
If you consider yourself a creative person who has some level of graphic software skills, you can make passive income with no money. Use your knowledge to your advantage and create some digital products to sell.
There are different websites that allow you to make passive profits. Whether it’s a catchy t-shirt design, a digital planner or an eBook for day-to-day activities, the sky is the limit. And the best thing is that there’s no shipping, handling, no payments processing. You just design and collect.
#6 Earn on YouTube
Those creative minds who can make quality videos can also make extra income. No, you don’t have to buy a professional camera to get the ball rolling. Lots of YouTubers with hundreds of thousand subscribers still making waves with their phone’s cameras.
So, no need to invest a couple of thousand dollars to start. If you know something that is evergreen and can add value to people’s lives, go ahead and start gaining traffic.
#7 Get Out of Debt!
To tell the truth this is one of the most important actions you can do to create passive income. All in all, the less money you are paying in interest, the more money you have in your pockets each month. The quicker you can get out of debt, the more income you can get.
Take time to understand your interest rate. You’d better learn how to calculate your payday loan interest rate and make a plan on how to speed up your debt payoff. With millions of people paying high interest for payday loans, you’re not alone for sure. But you could be the one who got out of it.
Other Ways to Create Passive Income with no Money
Without a doubt, the list of possibilities for passive income goes on and on. From becoming an Instagram influencer, an online coach to Amazon reseller. If you have some special skills that can help others, pitch yourself as a virtual assistant. You can also make money on creating presentations.
Let’s be honest, most presentations are boring. School presentation, business meeting, pitching a business to an investor, job interview presentation, you name it. So, if you consider yourself as an expert, what are you dilly-dallying for?
So, as you see, there are countless ways to create passive income with no money. The number of people who succeeded in passive income streams is no less.
Yet, there is an important thing to remember, no matter your idea of getting started, you should put in the hard work to create a product that would bring a result over the long haul. Otherwise, it wouldn’t work. So, breathe deeply, think about your intentions, and go to the ACTION!