Earn passive income while you’re away from home
“Travel and make money” has a nice ring to it, doesn’t it? Whether you’re an avid traveller or a travelling professional, you can start earning passive income and here are 4 ways to do it.
- Put your travel photos on the web.
If you’re a traveller and haven’t yet invested on a good camera, it is time to consider it. If you already have and enjoy photography, it is time for you to start making money with your photos. There are many photography websites out there where you can sell your photos, such as Shutterstock and iStockphoto. Even if you only have one good photo up in these websites, this photo could represent your cash flow source because it can be sold again and again.
- Create a travel blog.
Yes, blogging is still a great source of passive income. In fact, thousands of blogs are created every year, but also, thousands are completely abandoned by their owners sometime afterward. When it comes to blogging, you have to put in extra effort compared to uploading your photos on photography websites because you need to write well, as in write “SEO-optimised-smartly” to increase your web traffic. Busy web traffic translates to great passive income source. If you have no idea how to start, you can always Google it first, and then learn from other successful bloggers. You’d be surprised how generous they can be with their knowledge and experience.
- Make YouTube videos.
Travel videos on YouTube are growing rapidly. Everyone can make any video and put it on YouTube, but to create a compelling video needs a good bit of work. Once your video is done, upload it and attach Google AdSense to the video. Google AdSense will overlay your videos with automatic ads. When viewers click on these ads you will earn money from AdSense. Now, camera ready? Lock it up. Roll sound. Set. Action!
- Invest in real estate or Airbnb your unused space.
Investing in real estate might actually fall in the semi-passive income category because an investment in real estate is an active venture. However, once you have your property established and rented, all you have to do is to manage the property. But since you’re going to be busy travelling, you can always find a professional property manager to help manage your property. The professional manager will take a bite — about 10% — of your cash flow, but it will make your investment much more passive.
Another alternative would be to Airbnb your unused space. As travellers, you know how Airbnb works. Since you are going to be away from home most of the time, why not open up your house for other travellers? You don’t have to rent out the whole house, just the common areas and a bedroom would be enough to generate cash flow. If you’d like to Airbnb your home, you might want to read this article here https://www.cubeselfstorage.my/news-tips/airbnb-your-home-with-cube-self-storage/. Never worry about your valuables at home while you’re away, store them at Cube Self Storage and only leave basic necessities for your Airbnb guests.
Once you start making money, you will need to start making space as well. Photography and video gadgets can be bulky, and you need a place for your valuables if you’re renting out your home. A climate controlled storage unit is a smart storage solution. At Cube Self Storage, not only will you get an extra space at a low price, but also a safer space for your items. Contact us today to get a 1-month FREE storage (T&C apply).