15 Passive Income Ideas to Build Wealth
7. Buy a Website
YouTube is not the only place that a creative individual can make money from creating useful, unique content to share with others. Websites and blogs are a popular method to use to create a passive income stream. By buying an established site with traffic already, one can quickly establish an income stream to build upon. The majority of Blogs and sites use Google Adsense for monetizing, while there are other companies/methods available for investors to use once getting exposed to the industry. Depending on the niche of the Website and source of monetization, the sales price will typically vary between 10 and 24 times the monthly earnings. The more steady the niche or topic will be for traffic throughout the year, the higher the multiple will normally run for the final sale.
