Most people know only one way to earn money and generate income: their work. And working has very little passive income.
Passive income is independent of the time invested and also arises when one is not working. On the contrary, with the active income, you exchange time for money; that is, you are paid accordingly for the time you invest. If you stop working, you will no longer receive any income.
However, can you live without working? How is it possible to earn more money? The search for an answer to these questions leads many people to enter the world of passive income and investing. Below are tips on how to make passive income.
1. Rent your assets.
The Internet has spurred the sharing economy. So if there is something that you have at home and do not use, you can rent it.
What’s more, you can even rent your house if you want through Airbnb or HomeAway and get a return on the weekends or when you go on vacation. This is an example of how to make passive income.
2. Create an online sales business.
With your blog, you can sell third-party content. The simplest thing is to create a page about your hobby and sell “leads” to courses and content from other people who have created those ebooks, for example.
You can also go one step further and see third-party physical products. Basically, it would be like turning your page into a vending machine.
When the time comes, you will be able to choose between acquiring and selling the product, with all that this implies, or looking for a supplier that will give you that product so that you only have to market it in exchange for a commission.
3. Passive income from YouTube videos.
YouTube videos are a popular passive source of income. But even here, it’s not easy to generate attractive recurring income, be it from ad revenue or sponsored videos. So you must create consistent content over and over again over a long period.
To earn money with advertising revenue on YouTube, you must meet the conditions specified by the platform, such as having at least 1,000 subscribers to your channel and having achieved a viewing time of at least 4,000 hours in the last 12 months.
4. Get income from your savings.
Yes, the investment is passive income. In fact, it is the primary passive income of most people. Even the big creators of massive passive income supplement their activity with investment.
Thanks to compound interest, the savings you invest will not stop generating more money without you having to do anything.
If you wonder how to create a passive system without a lot of work, investment is the key. The key question here is where do I invest my money to achieve high returns.
5. Copyright and royalties.
Copyrights and royalties will also allow you to earn automatic income every time someone listens to your song or uses your invention. Music, scripts, photography all this will allow you to charge for copyright.
6. Passive income with online courses.
Many Internet users take advantage of the convenient opportunity to inform themselves online, whatever the subject. If you have a coveted knowledge that can easily be turned into a video course, then you can generate considerable passive income from it.
You can offer your course for a fee through an internal area on your blog, or, better yet, you can use an external platform for sales.
Udemy has the advantage that this online course platform has many visitors and that you can better reach potential customers.
The downside: courses are often offered at very reasonable prices, so the profit per course sold is low. Only when you sell a lot of courses will Udemy really pay off.
7. Passive income with a print-on-demand store.
E-commerce should not be missing from the list of passive income opportunities. And especially not for print on demand, even if the competition here is very strong.
In recent years, t-shirt printing platforms have sprung up like mushrooms, and there are many more of these t-shirt printing websites.
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