3 tips on how to earn passive income, from people who do it (one brought in more than $1 million)

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3 tips on how to earn passive income, from people who do it (one brought in more than $1 million.) (via CNBCMakeIt)

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Consider whether you have in-demand knowledge or specialized experience that would translate to an e-book or even a series of them. Maybe your parents want to know how you managed to fix that broken stereo, or your friends are constantly bugging you to give them plant-care advice, or you've developed a specialized skill at work.

To figure out the right price for his guides, Gargano checked to see what competitors were charging. Some were asking $80, which seemed too high, and anything below $20 seemed too low to be worthwhile, "so I priced it right between there," he says. Many of the guides on his site now go for $25-$50 each.

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