Solid article. I'll definitely have to check out Amazon Merch, but for now I have an e-commerce shop, www.SeeAndBeFitness.com. It is far from passive, but I'm hoping that when volume picks up I'll be able to shift more of the logistics to a fulfillment center.
I've been a landlord with rental properties, but owning real estate is far from passive unless you've built a management company to maintain the properties and deal with tenant issues.
Perhaps the most passive income stream I have is stock dividends. I'm invested pretty heavily in a few stocks that pay 3%+ in annual dividends. While dividend stocks may not grow as fast as those that don't pay out earnings as dividends, the value still tends to appreciate pretty well and the dividends allow me to reinvest the money or diversify into other investments.
Hey @digitaldruid checked out your site, very clever business you got there. If your into it I'd love to interview you on my Youtube Channel or even share your story on one of my Side Hustle Tuesday episodes. If you have any interest reach out to me, same name at gmail.
I'm also a landlord I just have one rental property. In the past I managed it myself but this time around I was getting all section 8 applicants and didn't wanna deal with the state myself so hired a property management company. When things are going smooth your paying for nothing but when things get hectic man is it a savior.
I managed the place myself for 4 years and never had more issues than just a leaky faucet cartridge. This time around however I've had burst pipes, tree removal, a breakin where all my downstairs windows got smashed. It's been well worth it having someone else manage it.
Thanks for checking it out! I'll hit you up later on. Would love to be hosting on your show, though it may need to be something we do in August when a few marketing programs get going.... that being said, perhaps we can do a before and after talk since there's been tons to learn along the way.
Yeah for sure man hit me up