There are lots and lots of passive income ideas for you to ponder. But I believe real estate is the best one out there. I’m going to discuss a few of the more common passive income ideas, and then tell you why I think real estate is the way to go.

1. Online products. Examples are ebooks, ads, apps, podcasts, and any other online products you can think of. These are all great passive income ideas. But to really generate a good paycheck from these online products you must put in a lot of work and a lot of research to ensure you are reaching your target audience. Generally speaking, you want your audience to either buy your product or click on an ad.
2. Stocks/Bonds/Mutual Funds. Building an investment portfolio is one of the most common passive income ideas. Stocks can be big money makers without you having to do anything. However, more often than not, your money has to sit in the market for a long time before you see returns. Some may disagree, but if you’re constantly buying and selling stocks then that’s not a very passive approach, is it? Bonds and mutual funds function basically the same way--you can make money but you never know how long it will take. A bond might yield a 3-4% return, and a mutual fund can range from single-digit returns to outrageous double-digit returns depending on how the market performed that year.
3. Blogging. There are an endless amount of blogs out there on every subject you can think of. So finding your niche and getting enough readers is more difficult now than it was 10 years ago. Making passive income from blogging doesn’t happen overnight--prepare to put in a lot of work before making any money. Decide whether you are going to sell a product, someone else’s product or advertise. Whatever you choose it has work well with the tone of your blog. There’s potentially a lot trial and error, and you are sure to fail if you don’t learn how to do it right and love what you write.
4. Sell a skill set. Are you a professional organizer, writer or consultant? Are you good at  selling on eBay? Can you make a YouTube channel? People look for these types of skills everyday. But if you aren’t in the right city where people might use these services, or if you don’t have just a little bit of tech savvy, then it might not be a good passive income idea.

Here’s why we think real estate is such a great passive income idea:

Click here to read about these reasons in detail, and the real estate investment strategies that are available to investors.

There are some naysayers out there who don’t believe real estate is a good passive income idea. And for some, it is not. However, for many of you, I think it is. But like any other passive income idea you need to perform research! Find out if you have the capital to invest. Learn what areas have strong rental markets. Decide whether you can be an owner. HowManyDoors provides you with the information to determine if real estate is the right passive income idea for YOU.

All passive income ideas have one thing in common: a lot of work upfront. With real estate, however, once you get your property ready to rent and have renters, there are many months where you don’t have to do anything, except check your bank account to make sure the rent got deposited. Other passive income ideas, like blogging or building an investment portfolio take up more time in the long run and there’s no guarantee when you’ll make money. HowManyDoors gives you the tools to become a successful real estate investor. Once you create your goals and develop a plan you can stick to that for future purchases.

None of the passive income ideas discussed above are bad ones. Remember, though, that all passive income ideas come with risk. There’s no getting around that! Regardless of which passive income idea you choose, bringing any passive income ideas to fruition takes work. And there’s no getting around that, either!

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