A few weeks ago, I shared my list of top income sources that are guaranteed to make you rich. Many of these ideas include something called “QBI” or “Qualified Business Investments.” These are investments in companies that need to meet certain criteria before they can be considered worthy additions to your investment portfolio.
With that said, let's take a look at some examples of things that fit the bill as QBIs!
Music is one of the most powerful tools we have as humans. It helps us communicate, it aids in relaxation, and it stimulates all sorts of emotions. Therefore, investing in music-related stocks makes sense.
I will not get into too much detail about each company here (you can do research yourself!), but I will give you some strong reasons why Spotify is a great stock to invest in.
I believe everyone should have access to quality music streaming services such as Spotify. There are many opportunities to earn money from this company alone, and I will talk more about those later in this article. Having a subscription to a good music service also creates an opportunity for raking in extra cash through advertising revenue.
The advertisements you see while listening to songs are paid for by the advertisers who pay to show their product or service to people with similar interests. This adds up quickly!
Spotify already has a large audience, which means there are lots of potential customers for its ads.
The term ‘passive income’ has become very popular in recent years. Many people have their own definition as to what it means, but we are taking a more formal approach here at QuotationBox.
We define passive income as revenue that comes in automatically without you having to actively promote it. This is typically referred to as an online business or a service that users supply value to by using it.
For example, someone who writes a lot about making money may offer his/her writing services through Quotationsbox.com or Amazon Kindle which is then processed and supplied via other sites and apps like Facebook, YouTube, and others.
These sites and apps take pay per use (or paid access) fees from the content they include your write-up in. Since these sites exist on free resources, the providers get compensated without anyone having to do anything additional.
As we have discussed before, investing is not just about putting your money to work. It also means being invested in things that can help you achieve your financial goals.
These things may be in the form of companies that reward their shareholders with large dividends or through investment in business that grow over time, educational resources that enrich your life, or even learning new skills or technology that can boost your career.
By having these things, you are actively investing in yourself by enhancing your knowledge and skill set, promoting growth and self-development. And once again, this helps you reach your long term financial goal of higher income as well as happiness.
Here’s an example:
Let's say one of your main priorities as a parent is helping your child learn how to read. So you spend hours every day teaching them, buying lots of books and magazines to make it easy for them to access what they need to know. You're investing in their education and development as people, but at the same time, you'll probably earn some credit towards taking vacations since reading and literacy play a big part in that.
Now let's say someone else comes along and does the exact same thing you do, but instead of educating kids, they invest in research and development (R&D) equipment for their company. They want to see how much value there is in investing in our children, so they write up a nice article about it and start gathering feedback.
A few years ago, online business owners were almost exclusively focused on making money through advertisements or affiliate marketing. While both of these are great strategies that work, they have their limitations.
The main limitation with advertising is that it can be expensive to start off and then you need to make sure your ads are targeted properly. You will also want to make sure your budget is well-managed as you grow!
Affiliate marketing has similar issues. If someone does not purchase from you within a certain period, you will lose money. This could be due to them finding the product themselves easily or if they do not like the product anymore.
In both cases, you will get a small commission which may not be much income per say. Online businesses that use this strategy often spend lots of money on marketing materials and research to find new affiliates to join’s team.
I know what you are thinking – why would anyone pay you to use their products and services? That idea was what originally got me started with QBi. I wanted to help people learn how to use quality brands’ products so that they can improve their health and beauty habits.
That is when I created my own site where I could advertise for free (or at least low cost) quality health and beauty items. I called it QualityBizInfo.com and its original name was HealthBusinessSite.org.
A growing number of people are making a career out of creating online products or services that earn them passive income. This is when you work on an app, website, or product service without additional input or guidance from others.
By offering your services free of cost, you gain momentum while helping other people achieve the same goal. You then get to reap the benefits of having provided valuable resources for no cost!
This style of income comes in many forms. It can be through blogs, YouTube channels, social media groups, and more. By adding these into your daily routine, you’re already on track to earning passively.
There are several ways to make money online without too much investment. For example, you can create and sell digital content, run an e-commerce site, start a blogging side hustle, and/or begin teaching courses via Udemy or Skillshare.
All of these examples offer enough opportunities for beginner entrepreneurs. Even if you aren’t quite ready to invest in equipment or marketing materials, you don’t need anything special to get started.
What you do need is someone who knows how to put together their own digital asset like writing, designing, filming, or illustrating something they created. In this article, we will talk about some easy ways to turn your creative skills into extra revenue.
After you’ve picked your niche, vetted it, and mastered it, it’s time to start looking at ways to promote yourself or your product in this market.
Your first step should be determining what types of content are needed in your market area. You can do this by creating a list of potential keywords that people use when searching for products like yours.
Once you have these lined up, you can pick and choose which ones will get more attention from other content creators in your field. By using their material as inspiration, you can write new pieces that are connected to those topics!
There is no wrong way to approach promotional writing, but making sure your audience knows who you are and what you offer may require telling them about yourself and your company.
A lot of people get stuck in their journey to achieve financial freedom by thinking about what they want to be paid off and how much money they have in savings, but they forget another key factor — goal setting.
You need to know where you want to take your life and career so that you can make decisions based on whether or not this will help you get there.
This is the first step towards achieving your dreams as well as protecting yourself from being stressed out and buying something that doesn’t fit into your budget long term.
By having a goal, you are conscious of what you are doing every day and don’t waste time doing things that distract you from getting closer to your dream.
It also helps keep you motivated since you're looking at the future rather than the past or present.
The next important factor to consider is where you want to position yourself as an entrepreneur. This could be deciding between being a beginner or advanced in the business world, depending on what types of businesses you would like to run.
For example, if you feel that creating and editing pictures is something beautiful that you are passionate about then starting your own photography business may be the best option for you!
You can start off by taking some classes or lessons at local colleges or art centers before launching into more complicated settings such as developing film and so on.
But remember, even if you aren’t totally professional yet, there are plenty of ways to make money from owning a creative business. You don’t need to spend lots of cash to get started.
And once you do launch your business, there are many online tools and resources available to help you succeed. You can search Google and other sites to find helpful information and tips, especially since having an ecommerce site isn’t always easy to navigate.
Being successful in business comes down to choosing the right business structure, or how you run your company. You will find that there are several different types of corporations, LLCs, sole proprietorships, and even partnerships.
It’s important to know what kind of entity you should use before you start investing money in this venture. By using an S-Corp or LLC, for example, you can pay less income tax than if you were a normal C corporation. Likewise, paying lower taxes means you’ll have more money left over to invest in other areas of your business!
But before picking which type of business form to use, make sure it is legal in your state as well as ethical. For instance, making products that contain alcohol or tobacco may not be permissible with a limited liability company (LLC). Similarly, operating under a partnership could pose problems if one partner gets involved in fraudulent activity.