3 Hidden Sources of Passive Income Right Under Your Nose
06. Dec, 2010 
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So many people search outside of themselves when they are looking for sources of passive income, when if they just took a moment and reflected on their life, interests and passions they could come up with several lucrative ideas right under their noses.
Publish a book
One of the most dependable sources of passive income is writing and publishing a book, another is creating a website, and the third is creating products related to Your book’s topic. If you want to become known as an expert in Your field, go write a book about it. Now, admittedly, writing a book is easier said than done and requires lots of work, but once you’ve got Your book written you’ve got an asset that can be leveraged in a lot of ways.
Most published authors will tell you that they don’t necessarily make a ton of money from the sale of actual books. In fact, most books don’t even earn back the publisher’s advances. The real benefit of publishing a book comes from the credibility boost that comes from being a published author.
In our society, authors are highly respected. Once you have published a book you are looked upon by others as an expert in that topic and you may be quoted in the media, asked to appear on talk shows on TV and radio to discuss your book, and it becomes far easier to attract customers and clients.
Create a website
Once the book is written and available for sale, you’ll want to publicize it online. As soon as you select your title purchase that domain name and set up your site where people can read excerpts, learn more about the topic and about you, the author. As the site grows in popularity you can accept advertising from merchants with products and services that are related to your book’s topic. Another idea is to pull a few of the ideas from the book and create a free, downloadable report that people can read that will give them useful information but also whet their appetite for the rest of the story that they can only get from your book.
Create information products based on your book
Turn your book into a course. Record some audio lessons to accompany the book and package them up and offer them to those who have purchased the book and want to delve more deeply into the subject matter,
If you have been alive, and working, raising a family and having lots of experiences, there are many topics that you can write about. Take out a piece of paper and do a little brainstorming to come up with a few topics that you think might make a great book. Start doing some research to see if there might be a market for your idea. Hint: If there is competition out there, then you’re on the right track. People are already searching for your topic.
Sources of passive income are all around you. They will take work—yes actual effort—to make them work, but once you have invested some time and energy they will begin to start making money for you.
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