13) Cloud and Software as a Service Selling
SaaS or software as a service is a great way to create passive income. While it might sound completely terrifying to want to create and maintain software, it’s really much easier than you think with the help of online virtual assistants and freelance developers.
You must be thinking that there is nothing passive when it comes to software – there is a lot of work that needs to go into creating SaaS, especially in the early stages. However, once you have the software up and running, you then need to only sit back and watch the money grow!
Software might not be as easy to produce as newsletters and videos, but there is a huge amount of cash to be made through well-made software. Just look at sites like Google Apps and Aweber who have thousands of users who pay for their service on a monthly basis.
Yes, it might take longer to create and launch a SaaS but it’s definitely worth it, especially if you have a great idea for it already. The perceived value is much higher than any other form of digital content out there and rightly so because good software is invaluable in this day and age.
And like I said, once you get the grunt work and development out of the way, you can expect passive income in large amounts. With so many things being automated such as autoresponders and customer helpdesks, all you’ll need to do is keep an eye out for bugs and software updates, which can even be handled by a hired professional!