Top 5 Passive Incomes of 2018: Part 2

Continuing on from our first post about Real Estate being a top-grossing form of passive income, this article is going to be focused on starting a blog, and renting your car.

Starting a Blog requires you to be dedicated, but if you choose the right topic, then it won’t even seem like you’re working at all. Although it seems easy to do, creating and sustaining a blog requires a lot of time in front of the computer, or on your phone, which takes away from the other things in life – getting enough exercise, sleep, family time… It’s important that you create a good work-play balance.
The most successful blogs are those that: post regularly, have relatable content, articles are easy to read, the writer is open and honest, and can create/build a relationship with their readers. From these great blogs, their money comes from hard work to gain well-known company ads on their site, sponsorships, and by involving as many people as they can to create a busy, well-trafficked site, in which will create a lot of revenue.
There are so many ways that someone can branch off from their blog to make more money, through a YouTube/vlog channels, newsletters, affiliate marketing, events (meet and greet, workshops, webinars), premium content that only those that have signed up can view, freelance writing, selling products, eBooks of condensed blog content, courses, as well as adding a ‘donate now’ button, and the list goes on. You may even find that you can go into buying, fixing and then selling those fixed blogs to up-and-coming bloggers that really don’t know what they want to focus on specifically.

There are so many different options that can stem from creating a blog, you just have to be willing to think outside the box and try new things.

Renting Your Car is a simple, easy way to make money without trying. How many times have to travelled interstate via aeroplane and rented a car from a company, costing you some crazy money, or thought it would be so much easier if you had of driven? Well, now you can gain some of that money back by renting out your car. If you’re away on that holiday for two weeks or you just don’t use your car all that often and parking costs more than your petrol, you can list your car on a site like www.thecarnextdoor.com.au. From here, they will install technology – which keeps your car safe and lets ‘Borrowers’ get the keys –, you then set the availability of your car, and the hourly/daily rates and you’re done! A good company takes care of everything -bookings, marketing for your car,
payments, repairs-, and you may even have the opportunity to take out a low-rate comprehensive car insurance with the company – at thecarnextdoor.com.au for example, $60 gets full damage cover, 24/7 roadside assist, key exchange & security – which saves you big bucks!! Most cars are listed for $5-$8 an hour

Check out more passive income ideas at Investercon.com

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