A Critical Guide
Passive income is the powerful idea that you can set up ways of earning money that will keep earning you money even after you stop working on them; this is what makes it passive income. Sometime the term SWISS (Sales While I Sleep Soundly) income is used to emphasize this alluring aspect of passive income.
In this book we take a critical look at the many different ways of generating passive income. The world is already littered with overly optimistic and, unfortunately, often wildly unrealistic how-to guides for generating passive income. Our goal in this book is to provide a somber and critical guide to passive income.
The Five Categories of Passive Income in the Book
1. Property Income
• Rent
• Interest
• Profit
2. Royalties
• Writing a Book
• Making Music
• Voicing an Audiobook
• Inventing
• Taking Photos and Making Illustrations
• Making HTML-Templates
• App development
• Designing Clothes
• Online Lectures
3. Arbitrage
• Spatial Retail Arbitrage
• Temporal Retail Arbitrage
• Credit Arbitrage
4. The Internet
• Blogging
• Niche Websites
• Video Blogging (YouTube)
• Social Media
• Podcasting
• Affiliate Marketing
• Subscription Services
5. Digital Goods
• Creating a store
• Public domain goods
• Drop-shipping