How To Create 10 Passive Income Streams And Earn $100k+ Per Annum

Passive income is the holy grail of business. It’s not as easy as it sounds and takes a lot of work and commitment, but if you can pull it off then you could be set for life.

Rental Properties

Rental properties are one of the most popular passive income streams. If you can find a good property and get tenants in it, then it’s a win-win situation. You make money from rent and the tenant lives in a nice place.

The first step is to find out if you want to invest in buying an entire house or just find an apartment for yourself (which will be easier).

For houses, look for ones that are in need of renovation as this means there will be more room for improvement when you complete renovations on them. In addition, these houses might even have some potential tenants who would like to live there but cannot afford to buy it themselves due to lack of funds available at their disposal during the course of the year which means they could end up renting your property instead!

Once you have found what kind of property would work best for you personally then start planning how many rooms should be included within each unit so as not only accommodate future residents but also keep costs down too!

Create an Online Course

The easiest way to create passive income streams is to create your own online course, which can be done in less than a week if you already have the knowledge and expertise. You can also make some passive income from creating courses for other people. If you’re not sure where to start, we’ll show you how below!

The best way to create an online course that’s valuable is by keeping things simple, clear and concise so that anyone who wants to learn from you will be able to do so without too much effort or confusion along the way.

This means avoiding jargon or buzzwords that might confuse someone trying out new concepts for the first time (we’re looking at you “intersectionality”), sticking with simple language choices wherever possible, using visuals whenever possible instead of just text-based content (videos are great when done right), etcetera.

The goal here should always be helping people learn new skills without having too many barriers between them doing so — if they don’t understand something because they aren’t good at reading comprehension then try finding another way around those limitations rather than giving up on them entirely!

Sell Photography

If you have an eye for photography, it’s a skill that can be learned. Photography is a great way to express yourself and make money if you have the right equipment.

Photography can be used for personal or professional purposes (e.g., documenting your life) and for both online and offline marketing (e.g., selling products or services).

You can also use it self-promote yourself as an expert in your field by creating free content on social media platforms like Instagram and Facebook so people will want to hire you for paid gigs later on down the line when they see how amazing your work is!

Start a blog and monetize it

If you can make a blog, it’s time to think about how you can make money from it. It’s a great way to build passive income streams and earn thousands of dollars per year, even if you’re new to the world of blogging.

To start a blog, all you need is a free web host (we recommend Blue Host), some basic knowledge of how to set up WordPress and start writing posts for your new site.

Once this is done, there are two main ways that you can monetize your blog: affiliate marketing or selling ads on your site. Both methods have their benefits and drawbacks; below we’ll explain each one in more detail so that you know which would work best for you.

Bookkeeping

Bookkeeping is a great passive income stream. To get started, you need to have some basic skills in data entry and financial management. You also need an understanding of accounting which can be learned from books or online courses. Once you know the basics, it’s time to start looking for clients!

There are many ways to find clients: through your personal connections, social media posts and websites like Craigslist or Upwork.

Once you’ve secured a client base, all that’s left is to send invoices and get paid without having any overhead costs (other than the cost of hiring virtual assistants).

The best part is that with each new client who hires your services as their bookkeeper/accountant/CFO etc., there will be more opportunities for repeat business with them!

Dropshipping businesses

Dropshipping is a business model that allows you to sell products without having to worry about the hassle of shipping, storing, and handling them yourself.

Instead, you simply find some popular products on sites like Amazon or AliExpress and then have them shipped directly to people who make purchases through your online storefront.

Of course, there are some technicalities involved in this process — you’ll need something called an “dropshipper” (the company that functions as your middleman) and an inventory management system — but once those things are set up, it can be very simple for someone with little experience in eCommerce or marketing to make money with dropshipping.

Start a Podcast

Podcasts are a great way to create passive income. In fact, it’s one of my favorite ways and I know for a fact that you can make over $100k per year with podcasts alone.

So what is a podcast? A podcast is basically an audio or video file that you upload onto the internet for people to listen to on their phones, computers, etc… Many people listen to podcasts while driving in their car or walking their dog!

The best part about starting a podcast is that there are no start-up costs! All you need is some basic equipment (more on this later), but once you have everything set up all you will need is time and effort which can be easily managed by working on your podcast while commuting between work/school.

Your audience will grow organically as more people hear your content and recommend it to other potential listeners. You’ll also want people listening from different countries so they can help spread the word about your show internationally!

Create an App

To create your own app, you first need to learn how to code. There are many platforms that offer programming courses, including Udemy and Lynda. Once you have learned how to code a mobile application, find the demand and solve it.

Once you have created an idea for your app and have found the demand in the market, hire a developer who can create it for you. After getting your app built by a developer, test it thoroughly before launching it on Google Play Store or Apple App Store (or both).

It is important that all bugs are fixed before launching the product so that users don’t face any issues when using the product after downloading from either store.

When launching an app on any of these two stores (or both), make sure that proper marketing and promotion are done along with publishing the product on these two stores so as not only to get downloads but also to increase its ranking within their search engines leading more people towards downloading/buying/using your new software as well as recommending it among their friends, family members!

Develop E-books

One of the most common ways to make money online is by publishing e-books. E-books are digital versions of books that can be read on a device like an iPad or Kindle, and they can be sold through platforms like Amazon and Apple’s iBookstore.

You don’t need much more than an idea for a book and some writing skills to publish your own e-book. Once you’ve written it up, you can submit it to websites like Amazon’s Kindle Direct Publishing (KDP).

You’ll need to pay a fee upfront — usually around $1 per copy — but once your book goes live, all sales made through KDP go directly into your pocket. The best part? There are no ongoing costs after that initial fee because KDP takes care of the distribution for you!

In addition to helping with marketing expenses via fees paid upfront rather than royalties earned after the publication date has come and gone, another benefit of using KDP is how easy it makes things from there on out; this applies both before as well as after the launch date occurs within Amazon’s market place (or any other site where self-published authors sell their work).

Sponsored marketing/influencing on social media platforms.

One of the best passive income streams you can create is by doing sponsored marketing/influencing on social media platforms.

This means that you get paid to post content about certain brands or products on your accounts. The key here is that it’s not just one time; you’ll be able to earn money from doing this over and over again, as long as you have a large following and your content continues to attract audiences.

You can expect to make anywhere between $1-$5 per 1000 likes for posts on Instagram (depending on whether it’s organic or paid), which adds up quickly when you consider how many followers you have!

As with all things though, there are some considerations: sometimes brands will offer their sponsorships for free (but only in exchange for promoting them), while other times they might also give away products as part of the deal too…but no matter what happens next — always remember not to spam people; don’t spam anyone with your sales pitches either!