Passive Income

How to generate passive income with zero euros?

Passive income is one of the pillars of wealth and financial freedom, it’s no longer a secret.

Real estate, the stock market, or business loans are all ways to have cash flow without having to sell your time.

But what can you do when you can’t afford such profitable assets?

Find out right away by learning how to generate passive income with zero dollars!

Passive Income: The Secret to Financial Independence

What makes most candidates for financial independence dream is not so much wealth. It is above all the freedom to do what you want with your days. Rightly so, because time is the only real wealth in this world. Silver can be produced in unlimited quantities, but a day cannot be longer than 24 hours.

To stop selling your time and even support yourself, it is essential to have passive income. Contrary to many popular beliefs, these are not gains that come without having to work.

Rather, it is the result of a great, intelligent effort that continues to bear fruit over time. Because building a system that can make money over the long term takes a lot of work. But once it is provided, you can enjoy your days and just maintain your cash machine regularly.

Can you really generate money from nothing?

Most sources of passive income are expensive assets. It is also possible to create a business, but this also requires having a start-up capital to invest. Those who do not have thousands of euros at their disposal often give up, convinced that it is impossible to generate money from nothing.

In reality, with the advent of the Internet, the situation has changed somewhat. Obviously, it is impossible to make money if you have nothing, in the true sense of the word. On the other hand, if you have a computer, a connection and a software suite adapted to what you know how to do, it is different.

The last important point to fully understand the sources of passive income presented in this article is that if you do not have money to bet, you must have skills to compensate. Likewise, don’t expect to get the same income as if you were buying an apartment building. But you can still earn a good amount of money, if you know how to be persistent and work hard enough to get started.

Write and sell e-books

The first way to generate passive income with zero euros is to write e-books and then sell them in an online bookstore. The best known is that of the American e-commerce giant: Amazon KDP. However, keep in mind that there are others.

Although this technique is less profitable than it may have been a few years ago, it still has a bright future ahead of it. Of course, if you’re starting from scratch, you need to be comfortable with writing. There is no question of delegating this task to a service provider, nor of buying e-books with resale rights without an initial investment. But the advantage of writing non-fiction (it’s what sells best) is that your style doesn’t have to be researched. It is enough to give clear and precise information.

By multiplying the writing of small practical guides and spending enough time advertising them on social networks, you should be able to trigger your first sales. Also target blogs related to your theme and small influencers who will be happy to give an opinion on your e-book, for a free copy.

Sell ​​royalty-free images

This way to generate passive income from scratch is aimed at amateur photographers and graphic designers. You can make your passion profitable by putting your best photos and illustration images on sale in an image bank.

Each time one of your works is purchased by a company looking for graphic content, you will earn a commission on the sale. Some platforms also offer contests, or missions that allow you to make a little extra money, but here, we are outside the framework of automatic income.

If you are not going to become a millionaire by selling photos, it is all the same a small return of money not to be neglected if you are gifted. It can also make your work known and give you visibility, in case you want to professionalize your practice.

Rent your car

Renting your car is a great way to have cash flow without an initial outlay. If you have a car, chances are it won’t come out of the garage every day, especially if you live in an urban area. In big cities, it is sometimes easier to use public transport.

Don’t let your vehicle sleep peacefully in the back of the garage. Offer it for rent on a specialized platform. There are many. They make it possible to secure transactions and to have recourse in the event of damage to your property, or an accident.

You can offer different formulas: by the hour, by the day, or even for a weekend. The longer the rental, the greater your gain. Put your profits aside, then you can invest in a second vehicle. And so on, until you find yourself at the head of a real small fleet that will bring you comfortable automatic income.

Rent unused items

The principle of this source of passive income without initial investment is the same as for the previous one. Our closets and our garage are full of objects that we only use occasionally. Camping equipment, DIY tools, fondue set, or sports equipment are all treasures that others may need from time to time.

Renting them via specialized Internet sites makes it possible to transform this source of clutter into a small additional income. Take a look at the giants of the sector to get an idea of ​​the most requested items and put yours online.

Even if you have to wait a bit before finding your first customers, it does not matter, since these are objects that you already store in normal times anyway. Each new request is an opportunity to put butter in the spinach, while continuing to use your equipment by removing it from rental during periods when you need it.

Sell ​​as an affiliate

If you have a blog, or a YouTube channel and you do not have the time, or the ability to create a product to sell, affiliation is a solution to consider. This mode of sale allows you to generate passive income with zero euros, since it is the products of others that you market, in exchange for a percentage of each sale.

If it is theoretically possible to make affiliation on physical products, virtual products are still to be preferred, because the profitability is much more important. Amazon’s affiliate program, for example, will only give you crumbs, while some trainers are willing to give you up to 50% of the price of their courses.

Successfully selling in affiliation requires a lot of work at the start. You must unite your audience and create an automated system, such as a sales funnel, to promote the affiliate article. But once the machine is in place, it can continue to run without major intervention on your part, as long as what you offer is successful.

Monetize your YouTube channel

Monetizing a YouTube channel is one of the ways to have automatic income without an initial investment, provided you have a minimum of equipment to make quality videos (no need for filmmaker equipment, a quality smartphone or a good camera and a microphone are enough). You also need to have editing skills and a strong theme.

Once these conditions are met, the possibilities are endless. You can use advertising to earn moneyIt’s not the fastest way and it requires a very large community, but if you work hard enough you can manage to earn some money this way.

You can also make sales videos, or product placements that will continue to earn you as long as your content remains visible and popular. With the development of the platform, however, it is necessary to really stand out in order to succeed in standing out from the crowd.

Do online training

Online training is a buoyant market that the recent health crisis has helped to explode. Many trainers earn money by organizing online class sessions, or by coaching. But these methods have the disadvantage of not being completely passive.

If you want to have automatic income, the best solution is to record a series of lessons in the form of videos, podcasts, Powerpoint presentation, or text. You can then put them on sale on a generalist platform which will take care of finding customers for you and in return will take a percentage on each training course sold.

The best known of these is Udemy. This site can reach a lot of people and despite the regular promotions it offers to its members, the business remains largely profitable. Once your courses are online, you have nothing more to do. No sales funnel, no after-sales service to manage. All you have to do is collect your winnings.

Create a popular app

This source of passive income with no initial investment is aimed at coders capable of creating mobile applications. These small software are part of our daily life. There is no smartphone owner who has not downloaded an application on his mobile.

The idea is therefore to find an idea for a program that meets a need that people would be willing to pay for, then to design and code a dedicated application. Then all that remains is to put it on sale on the Apple and Google stores.

We’re not going to lie to each other, it takes a lot of work. But if you manage to create the rare pearl, you can earn much more money with this solution than with all the others presented in this article. Consider the number of times your favorite paid app has been downloaded to give you an idea of ​​how much you’ve won.

Start a business with other people’s money

Last solution to generate passive income with zero euros: convince other people to lend you money to start a business. Some automatic income streams require setting up a business, which involves a certain upfront investment.

This is the case, for example, of an online store. A working e-commerce can make money without having to do much, because it is possible to automate or delegate most tasks. But before getting there, you need to make a lot of effort and have a capital of a few thousand euros available.

If you are a skilled salesman and you are good at convincing, nothing prevents you from canvassing business angels, or people around you who you know have the necessary funds. Offer to invest in your business in exchange for a share of the profits.

Contrary to popular belief, it is possible to generate passive income with zero euros by replacing the initial bet with knowledge. All the solutions presented here require work and patience, but they can allow you to reap your first automatic income and, in the process, bring you closer to financial independence.

Choose the one that suits you the most and invest yourself until it works. You can then do the same with another technique, in order to multiply the cash flow. There is only one thing left for you to do: take action!

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