– Create a really good web site and then sell advertising space on it.
– Invent something and get a marketing person to sell it for you.
– Create something which can be downloaded from a web site, and charge per download.
Andrew
http://www.rentmaster.co.nz – Property Management Software
http://www.RentalAnalyst.com – Property Analysis SoftwareHey this thread is full of bright sparks and comedians! (What was the question again?)
Oh yes… a ‘friend’ of mine borrowed money from the bank …..at variable rates, ……and bought shares in an unlisted trust that pays 13 %income .
They pay back the banks interest owing each month, and pocket the profit. All that had to be done, is to pay tax on that profit margin at tax time.
This is a higher risk strategy though… that you may lose some or all of the original capital. But in this case, not only is this ‘friend’ recieving an income stream, but the trust units have recently been revalued at 20% more than they paid for them a few yrs ago. Liquidity is obviously not as good as a listed company, but a few folk have wanted to get out, and others buy in, and theres been no problem. And its not sex toys, drugs or other dodgy stuff![lmao]And re pubs… I agree… that we DO lose money on! Steer clear. [glum2]
Hi Dom,
It seems you don’t have many constructive replies here. My business is to put people in touch with people who can provide solutions and vice versa.
There are many other ways to create passive cash flow, some more creative then others.
I would be happy to have a chat with you and see what could work for you depending on the end result you are chasing. Where are you based?
Kind regards,
Richard Taylor
0404 963 303Please note that I have no relationship with the author of the last post and his views bear no resemblence to mine. I have never met him and the fact that we both have the same name is pure coincidence.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
would the real Richard Taylor please stand up?
Cheers,
Marc.
[email protected]Marc standing now.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
Personally I like the whole Find a Niche Market in need of a specific consumming product, and make it!
there are still a few in Aus I’m sure… Most people get ideas to cover the entirety, IE start and ISP, sell some stuff on ebay (not viable unless its imported goods at a damn good price), ETC…
but niche markets are cash bags waiting… Although I guess thats not really passive unles you get it to a stage where you can employ a trustworth manager of some sort, and step back…
http://entrepreneurs.about.com/od/gettingstarted/a/passiveincome.htm
http://ezinearticles.com/?5-Ways-to-Make-Money-Fast-and-Easy&id=90552
Thought this website had a good discripion of passive income.Dom [biggrin]
This is one I have seen in real life
Create a childrens show with music and dancing and create a video and sell it to the ABC as well as to the public. Then francise the show to other countries. Collect Royalities as long as new children are born who haven’t seen the DVD and their parents buy it.or
Buy shares and then sell the right for someone else to buy them.
Sell covered call options. If share goes up in value you may have to sell it at a profit. and keep premium. If it doesn’t go up you keep the call premium.Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi Everyone,
Thanks for helping to find ways of passive incomes. But i thought i might throw other question to you . I would like to start my own business and have been procrastinating over a year where to begin i have narrowed it down to three types of business that bests suit me.
In no particular order i like all of these types of business , Manufacturing ,Technology , and real estate.
Has anyone had or have experience in these fields. And what to expect.Dom [biggrin]
Shouldnt the question be aimed at yourself, (Rhetorically) What knowledge, experience do you have of those 3? I love cars but I dont know anything about the car business.
Go work with someone who owns these business, make your mistakes in someone elses business, then when you are prepared to bet your life on it, jump into business then.
Hi Guys
To all of you who are serious about creating wealth you would know that property is great for long term wealth creation but you also need to look at ways to generate monthly cash flow.
I utilise the share market , you can generate on average 2-3% per month writing calls against shares you own or you could look at trading CFD’s where it is feasable to make 50% a month on your money, i appreciate there will be many who beleive this to be very risky,all i say to you is knowledge is power and you would be amazed at the ways you can make money in todays world.
Educating yourself is the best advice i can give you
If you would like some more info drop me a line i’m happy to pass on websites etc for you to look at
cheers
paul
Paul Meese
Onyx Finance
[email protected]
0412 850 820Hell paulmeese,
Why don’t you put some of your web site links here so everyone can benefit from them.
Dom [biggrin]
Writing covered calls always seemed a contradiction to me as writing the call assumes the market wont rise, yet owning the share assumes the market will rise. Why would you have capital in a market that you assume wont rise?
Mathew
http://www.arrttt.com
Custom Oil PortraitsOriginally posted by mathewc73:Writing covered calls always seemed a contradiction to me as writing the call assumes the market wont rise, yet owning the share assumes the market will rise. Why would you have capital in a market that you assume wont rise?
Mathew
http://www.arrttt.com
Custom Oil PortraitsYield….
Just like many of the positive cashflow investors here.
In fact I have discovered that yield is a better way to build wealth than simple growth. Better for me that is – I know we all have different ideas on strategies [biggrin]
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
The one area I see as huge growth and potential and that some people are making a lot of money from is the internet!
We are in the information age!
This is a real gold mine.
Strategies can vary from interent marketing, to adervtising, to controlling traffic and sales.
This is a passive income opportunity not to be missed.
Cheers
Petermarry Paris Hilton or James Packer
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
Originally posted by L.A Aussie:marry Paris Hilton or James Packer
Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
….without the (obligatory) pre-nup agreement….easy street!
OK folks I am looking for an extra income stream.
Anyone who has one that actually works please let me know about it.
No doubt I will be inundated and will have to sift through many.
In about a month I will get back with the ones I have tried and those that actually worked.
[email protected]Your friend Colin,
Email [email protected]
Mobile 0425201055
Skype Colin Gowan
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