How to Make Money on Autopilot

Making money on autopilot means you make money without doing hard work, you may not even have to work every day yet you constantly make money. Making money on autopilot means building passive income, or residual income, so to speak. 

Here are some of the examples of making money on autopilot.

Microsoft created windows operating system and makes money on autopilot.

Adobe created Photoshop and this software makes money on autopilot

Amazon also makes money on autopilot for Jeff Bezos

Can anyone make money on autopilot?

Of course, you can make money on autopilot. Creating a dropshipping business is one of the easiest ways to make money on autopilot. A dropship business is a business model where you do not need to develop, acquire, store, or ship products. When you sell from your website, you send the cost price to your supplier and your supplier will directly ship to the buyer. You can sell products from your online store without manufacturing products or procuring products.

Benefits of Dropshipping Business

If you want to start an online business, probably dropshipping is the best online business. Here are the benefits of dropshipping.

Low start-up cost: You don’t have to spend money to manufacture or procure products to sell. Since you do not have your own inventory, you don’t have to maintain a warehouse.

Easy to get started: In order to build a dropshipping business, all you need is a website (online store) where you will be listing products, you can easily import your product list from other eCommerce platforms or drop shippers. You can start selling right after you set up an online store. All you will have to do marketing to build sales. When someone orders, you receive payment yet you do not have to bother with shipping, your supplier will do it on your behalf. No hard work is required.

How to Make Passive Income From Digital Downloads

Do you have a website? Does your website receive traffic? If your answer is YES, you can easily earn passive income from digital downloads.

What are digital downloads?

Digital downloads are the items that the visitors can download from your website, for example, ebooks, infographics, social media templates, graphic designs, digital arts, printable checklists, worksheets, video templates, spreadsheets, guides, etc.

How to make money by selling digital downloads?

You can tag the price for each of your digital items. The visitors will get the download link only after payment confirmation. You can integrate any payment service f your choice. If you have WordPress, you can use an easy digital download plugin for this purpose. 

Passive income from digital downloads

The best thing about this is you spend time and effort in developing products only once but will earn recurring income.

How to Build a Passive Income Through a Rental Business

There are a lot of ways to build passive income through renting your property or other stuff.

Here are some ideas to build rental income:

If you are a homeowner, you can rent your flat or rooms.

If you own land, you can rent your land to businesses and individuals.

If you own a car, you can rent your car to make passive income.

If you own a music system, you can rent your music system.

If you own a lighting system, you can rent out your lighting system.

You can even rent your designer dress and make money.

While it is not possible to explain how to build a rental income from all the aforementioned ideas just in one article, I will explain how to build a rental business by renting your property.

One of the easiest ways to build a rental business is by renting your property through Airbnb.

Airbnb is an American company that has partners worldwide. Without owning a single hotel or apartment, Airbnb sells rooms and apartments worldwide.

If you want to rent your property through Airbnb all you have to do is register on their site and list your property, provide descriptions and share good quality photos. When the tourists looking for rooms or apartment in your location finds your property to their taste, you can make money.

First published on Trendri, in author's name