5 Passive Income Ideas You Didnt Know Existed
5 Unique Pure Passive Income Ideas
#1 - Invest In Cattle 15%-20% Return
How it works
Minimum investment $2,000
Here’s how the financials breakdown for the 15-20% return on our cattle contracts:
The customer purchases cattle from us for $2,000 per head. That $2,000 is used to purchase one steer or heifer, feed that animal to finish, fully process the beef into retail packaging and then ultimately sell the beef.
Each steer or heifer purchased will yield an average of 500 lbs of retail-able beef products.
Our average sale price for those products is $6.00 per lb.
With that, our average top line revenue per head is $3,000.
This results in $300-$400 per head profit (15-20% return) for the customer and $600 per head profit (30% return) for Agridime.
As mentioned, our average top line revenue per head is $3,000.
Respectively, we feel if we were giving much less than a 15-20% return that we wouldn’t be doing right by our customers. Our aim is to create a sustainable supply chain that we can have 100% transparency with start to finish and everybody still wins. Our goal is to be able to offer these same contracts to our customers year over year. We look forward to working with you to provide sustainable food for everyone.
#2 - Make An App/Website
no cash investment
Let's understand this through the pattern of the current revenue potential of industry-leading apps.
The apps that rank in the top 200 of the App Store generate about $82,500 in revenue per day.
If you extend that bracket a bit and look at the revenues of the top 800 apps, the daily revenue will drop to about $3,500.
3- Use ChatGPT to write books
no cash investment
How much can authors expect to earn from their books?
Self-published authors do not receive advances, but their royalties can reach up to 70% for ebook editions.
So that means if you sell a book for $10 you can make a $7 profit per book sold.
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If you sell 1000 books at $10, you will make $7000 profit.
#4 - Buy I bonds
max $10,000
Pros: I bonds come with a high-interest rate during inflationary periods, they're low-risk, and they help protect against inflation.
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Interest rate from November 2022 through April 2023 is 6.89%.
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Cons: Rates are variable, there's a lockup period and early withdrawal penalty, and there's a limit to how much you can invest.
#5 - Buy Instagram account and charge for promotional posts
Buying an Instagram account can be $500+ depending on how many followers and what type of niche the account is in.
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Accounts can charge $10,000+ for accounts with over a million followers and account with 10,000-100,000 followers can charge $100-$500 per post.