My passive income projects

As you might have guessed, I'm trying to build some passive income streams. Most of them won't make much money, but I hope all together they will.
I will give you a list of the projects I already started and which ones are in the pipeline to be realized.

1. Etsy Shop

I opened an Etsy shop (see Passive income with Etsy) in the middle of last year (depending on when you read this, my shop was opened end of June 2023). And to be honest, I like this one. It gives me some moments of relaxation and I like the results of what I make.
You may ask if I would open a second shop? To be honest: no, I will not. First of all, I heard of people having their shops closed because they were selling similar products in their stores. And also, sometimes I have difficulties finding new ideas for listings. I can do it the easy way and try to recreate items from other shops, but I am not such a person. I love originality and quality. And I'm also trying to create kind of a brand around my shop, so people recognize what I am selling and so they are aware of what I am offering. And because of that, they will be recurring customers.
I just enjoy my little shop and I want to take care of it, keeping in mind that quality goes above quality (although, I would love a high quantity of customers).

2. Dividends

This is something I already started with a few years ago by putting a (small) amount of money in my broker's account and slowly starting to build up a dividend portfolio.
Although it is generating a nice passive income stream already for me, I will not cover this one on this blog. Because it is not fair, I already started investing 6 years ago. And this blog is about me trying to set up passive income streams from scratch (on a very thight budget).

3. Blogs

This website is my first attempt at making a blog (and I hope you like it - if not, please let me know what needs to be changed). And in a few weeks, I will release another blog site but in a completely different niche than this one.
Why blogging? To be honest, I love reading and I like writing too. I'm not a native English speaker, but I try to do my best and I hope I don't scare too many people by my words. But I think it's okay, you made it this far so I think it's not that bad.
I have so many ideas going on in my mind and a blog is a good way for me to keep things organized.
Also lots of ideas that won't fit into this blog, so I am thinking of creating 2 more blog sites in the near future. One will be a personal site and the other will be sort of a travel blog.
More about it on Passive income with blogging

4. Websites

Very soon I will release kind of a financial website with paid subscriptions. And I hope this one will also create a stream of passive income. I keep my fingers crossed for this because I put a gigantic amount of time into this one.
The other website will be an alternative dating site, something different than the dating sites we have now. And this also will work with paid subscriptions. And again, my hope is to create another stream of passive income.
Normally both sites should not require much maintenance because everything will be automated.

Below are the projects I already have in mind but still need to be worked out, there are only vague plans which I hope to realize in the upcoming months.

5. Youtube

I have ideas for making 2 completely different YouTube channels. I'm not really a male model and my voice even scares cats. So I am still thinking about what kind of format these 2 channels will be.

6. Social Media

Even though I'm not a frequent poster on Social media, I'm thinking of starting to do this for 2 of my blogs and my websites. And again, still thinking about the format and how I can automate this.

7. Newsletters

Lately, I've been thinking about releasing weekly or bi-weekly newsletters for my blogs and websites. I have some rough ideas in mind on how they should look but still nothing concrete yet.
And yes, this can also become another stream of passive income.

8. Amazon Shop

There are things I can't sell on my Etsy shop because they don't fit into the concept of my shop. So, I am thinking of setting up an Amazon shop for those (digital) items I can't sell on my Etsy shop. And again, this is just a wild plan but I am convinced it might work out well.

So, as you can see, I have lots of ideas (and sometimes a lack of time). I hope to realize all this in the upcoming months and keep you updated on what passive income it all generates.
If you want me to try other stuff, please let me know ...

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