Royalties are one of the basic categories of passive income. There are many opportunities to make royalties online with little or no capital investment. That makes it appealing to a lot of people.
College’s make big money with their vast amount of inventions, and payments for royalties. However, without much experience it may be difficult to know where individuals can start.
The common factor with this type of income is that it requires a lot of up front work. This could include building a library of content, or creating designs, or inventing something new. In many cases it also requires becoming well known by doing some self promotion, creating web pages, and finding/building a fan base.
Here’s my list of resources with the opportunity to make you lots of money online through royalties.
Custom T-Shirts and Clothing
There are a number of sites online that can help you create your own products. They provide you with all the tools necessary to build a store front and make sales. Some even expand into more than clothing and allow you to design things like coffee mugs, cards, posters, postage, mouse pads and many other items. Here’s a short list of some of the best out there:
- Zazzle.com – Zazzle has a lot of different possibilities. They have a very cool interface for designing your products very quick and easy. With their fixed price structure you will make up to 17% on your designs. Zazzle will set you up with a store front in minutes, and they have some widgets to put a piece of your store on other sites.
- CafePress – One of the older and well established sites. Cafepress is a direct competitor to Zazzle. Their online design tools are a little less easy to use than Zazzle, but their pricing scheme allows you to markup the products from the base price to the appropriate sales price.
- PrintFection -Specializes in apparel and apparently the quality is superb. Their pricing scheme is similar to CafePress.
For more information about getting into the t-shirt business check out http://tshirtentrepreneur.com/
If writing is more your style it’s possible to write a book and have it published online. You can use a site like ClickBank to help sell your book. They will add your product to their library which allows their large number of selling associates to also help with the selling. It’s possible to make good money with e-books, but with the large number of people trying to get into this, you’ll have to do some extra promotion to really sell.
Have a knack for photography? There are a ton of sites out there to help sell your photos. check out this guy who makes about $2000/month selling photos online. Here’s some good sites to start with: