12) Physical Products and Merchandise
The next method to earn passive income is by selling merchandise online. This would be the perfect plan to start a business if you do not have extra capital to spare, because you do not need a big capital to start this business.
According to research, online retail sales grew 12.6% to $176.2 billion in 2010, and they are expected to reach $278.9 billion by 2015. This would be an incredible revenue-generating opportunity for you to start Internet business. People nowadays rely on online shopping, because it is more convenient. Why not grab this great opportunity and start your own Internet business now?
If you are a graphic designer, you can start design your own custom merchandise and put it online. You need not to start mass producing the product in the beginning. You must first find your customers and then you’ll start producing the product according to the orders you’ve received.
If you do not have the skill to design, you can outsource to other freelancers to design it for you. Instead of spending a long time to learn how to design from scratch, outsourcing would be a better solution.
Other than designing merchandise and selling it online, you can also find your own niche according to what you love. Once you’ve found the niche that you are interested in, you can start selling your own products online.
For instance, if you love to teach people how to do Internet marketing, create your own training course and start selling it online! There are a lot of marketplaces that enables you to sell your own product nowadays.