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Get Active to Earn Passive
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GET ACTIVE TO EARN PASSIVE
Is there anything better than making money while you sleep? Wouldn’t you love to wake up with an influx of cash creeping into your bank account? Passive income can be a great supplementary source of funds for many people, and it can prove to be an especially valuable lifeline during a recession or during other tough times, such as the government lockdown imposed in response to the coronavirus pandemic.
Passive income can keep some money flowing when you lose a job or otherwise experience some financial hardship. If you’re worried about being able to save enough of your earnings to meet your retirement goals, building wealth through passive income is a strategy that might appeal to you, too.
People think passive income means no work needs to be done, but in most cases, there is lots of work involved, especially at the beginning. If you’re thinking about creating a passive income stream, here are some ideas:
1. SELL AN ONLINE COURSE
Create an audio or video course, then sell it online through sites such as Udemy, SkillShare and Coursera. Information products can deliver an excellent income stream, because you make money easily after the initial outlay of time. However, it takes a massive amount of effort to create the product and you need to be really good at what you are doing to be able to differentiate yourself online.
2. PROPERTY RENTAL
Perhaps the most common form of passive income is to buy a property and rent it out, thereby earning regular rental income. Most people think that you need to have a lot of money to be able to buy an investment property. This is true only if you are only looking at conventional bank financing, but many investors do dozens of deals a year using alternative financing techniques such as owner’s terms, lease optioning, money partners and hard money lenders.
Many people are also just looking at their current location when considering buying an investment property. Nowadays, with all the sophisticated online tools available for everyone, buying a property remotely from the comfort of your home, at a destination where properties are comparatively undervalued, is much simpler and affordable. For taking your first steps in real-estate investment in
Nowadays, buying a property remotely from the comfort of your home is much simpler and affordable.
a guided environment, multiple online venues are available.
One such resource is Project X, (www.projo.live) a project-based real estate investment training course that offers real-world industry experts, hands-on training and a community dedicated to helping you complete your first real-estate project. Project X was developed with one of the world’s leading property investment gurusRobert Shemin. ‘Learning by doing’ step-by-step instruction, coupled with mentors and collaborations among like-minded learners takes real estate from beginners to Pro investors. Project X’s live online events, meetups, real estate and
entrepreneurship skill sets and access to a global network of real estate investors, supports property investment, from start to finish.
3. BUY SHARES OF DIVIDEND PAYING COMPANIES
Owning dividend-yielding stocks can be one of the most passive forms of making money. Shareholders in companies with dividend-yielding stocks receive a payment at regular intervals from the company. Companies pay cash dividends on a quarterly basis out of their profits, and all you need to do is own the stock. Dividends are paid per share of stock, so the more shares you own, the higher your pay-out. The tricky part is choosing the right stocks as you’ve got to investigate each company’s website and be comfortable with their financial statements, but online trading mobile-apps such as DEGIRO allow you to open an account and trade online comparably cheaper than through traditional brokers, and provide ample tools for analysis and research.
4. AFFILIATE MARKETING
Affiliate marketing is an income idea that requires you to have a website or platform you can use to promote other companies, or ‘affiliates’. When someone uses your affiliate link to purchase a product or sign up for a service, you get paid. Amazon might be the most well-known affiliate partner, but eBay, Awin and ShareASale are among the larger names, too. Affiliate marketing is considered passive because, in theory, you can earn money just by adding a link to your site or social media account. In reality, you won’t earn anything if you can’t attract readers to your
site to click on the link and buy something.
5. SELL YOUTUBE ADS
We’ve all heard about successful YouTubers, some as young as 4 years old, that are making millions from their videos. How do they do it? For every thousand impressions of an ad that is played per video, the Youtuber will get paid a certain amount of money. These can typically range between one to five dollars. YouTubers that attract significant volumes of followers may also receive kick-backs from promoting various merchandise and through affiliate links.
6. WRITE A BOOK OR A SONG
Authors and composers who have written successful books and songs enjoy royalty income whenever their book sells or
their song is played on the radio/ online. Of course, your book or song must be very successful to earn significant royalties, but in today’s online world, e-books and digitalised music can be more easily distributed, giving your creation a target audience of many millions of people.
For most people, passive income is just a supplementary cashflow to their day job, but if you really want passive income to become your primary source of wealth, get in touch and we can guide you on how to achieve this.
ERAN SHAY, Managing Director & AYELET MAMO SHAY, Business Development Director of Benefit Business Solutions Ltd. (+350) 200 73669 general@benefitgibraltar.com
SOCIO-ECONOMIC INCLUSION AS A MISSION. Post-COVID Hack 2020 - Partners RSK/IOVLabs.
BY DENISE MATTHEWS
With Gibraltar leading the way by introducing Distributed Ledger Technology Regulation back in January 2018, the nine principles of the regulation are firm whilst encouraging innovation. This made Gibraltar the jurisdiction of choice with Gibraltar Finance as Government partners of the post-COVID Hack 2020 organised by Coinsilium and Indorse. Having attracted some of the most reputable and serious businesses developing services and products for an international customer base was one of the driving factors for RSK, a leading blockchain development group, becoming the official Track Partners of the Hackathon.
The chosen track is socioeconomic inclusion. It proposes several use cases, globally teams are invited to create innovative solutions to tackle issues brought upon us by the pandemic. With an understanding that these are important problems to solve at all times, solving them now, in the post-COVID era, will help marginalised communities at a time of their greatest need. Helping designed, and built. Its them go from vulnerable to complementary platform, RSK resilient. Infrastructure Framework, takes Diego Gutierrez Zaldivar the simplifying the use of decentralised CEO of IOVLabs, which operates infrastructure for any traditional or the RSK, RIF, and Taringa! Blockchain developer, organisation, platforms, is now a familiar face in or innovator. Gibraltar. IOVLabs established its presence there in 2017 and have With help from IOVLabs platforms, contributed educationally to the the track partner of the postProfessional COVID Certificate of Hack, people Competence at everywhere will the University. "Solving them have the power Diego, an early evangelist of the technology now will help marginalised to create digital identities, build reputations, was one of the communities at establish pioneers of web development in a time of their and enforce agreements, Argentina and greatest need." and engage Latin America in commercial back in the transactions 1990s and has without played a leading role in fostering intermediaries. With a presence Blockchain technology and Bitcoin in Buenos Aires, Montevideo, adoption in Latin America since Shanghai, Singapore, an innovation 2012. studio in San Francisco, USA and RSK, the first smart contract is established globally. platform secured by the Bitcoin these technologies to scale, headquarters in Gibraltar, IOVLabs network, is transforming the IOV stands for Internet of way businesses are conceived, Value, the concept of creating
a chain that will share and transmit information freely. Within their mission is global financial freedom bringing the Internet of Value vision one step closer to realisation. They have identified that all over the world people’s interactions are different influenced by nationality, culture and background. However, inside the blockchain all interactions become equal. IOVLabs develops the blockchain technologies needed for a new global financial ecosystem; one that fosters opportunity, transparency, and trust, building low-cost, highly secure, easy-to-use platforms for the new global economy. As a business they have instilled their set of values within their operations model reflected in the company's actions, decisions and hiring process. Equality of opportunities; autonomy by encouraging independent and solutions-oriented thinking, entrepreneurship, and ownership; open and equal access to information, transparency, reliability and nurturing freedom and empowerment in alignment with common agreements.
IOVLabs is supporting the socio-economic inclusion track of the post-COVID Hack 2020. Given the high level of expertise and experience of the organisers Coinsilium and Indorse, the calibre and global reach of community and developer partners, it is clear that this initiative has presented an ideal opportunity aligned with their mission statement.
“The internet has democratized knowledge and strengthened human connections, but millions of people still dream of financial equality. With tools to create and verify personal identity, establish and execute agreements, and engage in commercial transactions, now everyone has the chance to participate in a new economy.
Welcome to the Internet of Value.”
SOCIAL IMPACT PARTNERS BLOCKCHAIN 4 HUMANITY
In March 2019 Blockchain for Humanity (bbH) and IOV Labs announced they were joining forces to promote greater transparency in social and environmental impact projects. The not-for-profit foundation, Blockchain for Humanity’s most significant endeavour is enabling communities and entrepreneurs to implement blockchain powered
