Best passive and residual income business ideas and opportunities to do at home in 2019

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Passive income or residual income is the process of generating constant cash flow for the effort you put once. It contradicts the active income strategy. In Active income, you only get paid for the work you do. But, in passive income, you earn money by building assets. It can be in the form of house property generating monthly rents, business, book, music anything generating royalties even when you are not working.

Passive income does not require your presence like a regular job and you can easily make money from home. But, the question is from where to start? To get an idea, check out the following 5 best passive income sources that will help you make profits sitting at home in 2019. 

1. Crowdfunding Real Estate

The real estate crowdfunding idea is one of the best sources of passive income from home. You can rent properties and make it a constant monthly income source from home. But if you don’t have any property to rent,  crowdfunding websites are a very good choice. You can start with Fundrise as that requires a minimum investment of only $500 to make you a purchasing partner 48+ real estate products and gain continuous profits from its monthly tenant or selling price. You can also go for other crowdfunding options available like Rich Uncles, Realty Mogul, Equity Multiple, etc.

2. From Dividends

Dividend income is another best way to generate passive income from home. Here you need to search for companies who dividend payments are in the increasing chart rate annually. For this, you need to gain detailed knowledge of stock investment before you purchase one from a selected company. Dividends are basically the distribution of income and profits generated by the companies to the shareholders and owners. If you are able to buy high-quality dividend stocks, you stand a better chance of generating a continuous stream of income every year.

3. Affiliate Marketing

This is one of the most profitable passive income strategies currently. You need to be an affiliate for trusted retailers and promote their product and services. You can do it by inserting product links to your blog, websites with the necessary details required for the customers. As a result, when a customer clicks on your link and purchases the product form the official retailing site, the company gives you a commission based on the product selling price. You can also promote the services of other organizations with subscription plans. Whenever customer signup for those services, you are paid by the organization.

4. CPC Ads

This is commonly known as affiliate advertising. While you are earning for making sales of company product and services through promotions, the CPC ads add more to your bank account. Go for Cost Per Click advertising on behalf of your tied –up companies. Here you display different products and services of companies through google ads on your website. Whenever a customer clicks on those ads, the companies get notified and you get paid for each click. Here unlike the affiliate program, you don’t need to make sales. Your earning is based on as many no.of clicks you can generate from the ad with organic traffic.

5. Write E-books

If you are good at writing, go for this one. You can choose any topic of your favorite niche and give your 100 percent to write a quality informative book. You can choose topics like si0Fi, Fantasy, Erotica, Romance but to have maximum profits, go for the trending topics. Give an attractive tile, a proper introduction and then start proceeding with each section of your book. Make sure your book has an appealing cover along with quality content to grab eyeballs. Go for the Amazon Kindle Direct Publishing to sell your e-book in Amazon platform. Once it is visible, you gain fixed monthly profits from Amazon along with the no.of sales your book generates.

Final words

Passive income is a great choice to live a Richie-rich life if done correctly. The above-mentioned 5 ways are the best ones to generate passive income from home.

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