10 PASSIVE INCOME IDEAS TO EARN MORE MONEY IN 2021
You are working from 9 to 5 and earning very well, but deep down you know that’s not enough and its time to take action. earn more money , earn more freedom and live luxuries life.
In this article I’m going to show you 10 ideas for how to generate passive income while keeping your full-time job. So you can finally get more than you’ve ever dreamed of.
let's first know what is passive income ?
Passive income is earned through investments or work already completed and continues to make money without any additional effort. Passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle
Let me give you my example, how i earn double than my salary i also running my digital agency , i’m also freelancer at fiver, or i have 2 YouTube channels
10 PASSIVE INCOME IDEAS
" If you don't find a way to make money while you sleep, you will work until you die. "
Invest in Stocks
Investing in stock is a one of most common & easy method to generating passive income. you will have to a research on markets and find a good stocks & invest a significant amount of money to receive large amount in return.
But investing in stock is risky However, if you consistently invest money into dividend stocks you can earn a good amount of money over a time period.
Publishing eBooks
when you want to generate a passive income with no money,you’ll have to invest effort upfront instead.
you can self-publish your book on Amazon Kindle Direct.
For publishing eBook require lot of hard work & effor.at the beginning stage. You’ll probably also want to research some marketing strategies to get your book in the market. after that, you just need to sit back & make sales!
Rental Your property
Best & effective way to earn passive income is rental your property. A well located, reasonably priced real estate investment can effectively generate more revenue than the cost of the money used to finance it.
you can literally renting out anything you have,
you can,
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Renting out your House
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Renting out your warehouse
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Renting out your property
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Renting out your wall for advertisement
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Renting out your tools
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Renting out your vehicle
Running a Blog
people earning 50k to 500k by running a a blog site. you just need to upload good quality content in your blog and google AdSense pay you the passive income.
Instead of starting a blog , you may be able to buy one that’s already earning income. you just need to outsourcing the content writers and digital assistants. However, if you focus on putting out evergreen content with monetized affiliate links, this can turn into a very lucrative passive income idea.
Creating an online Course
Now a days online platforms have all the tools that you need to develop, launch, teach, and manage an online course—so you just need focus on your content.
Instead of being a consumer on online course platform you can instead be a producer, create your own video course, and allow users to purchase it. This can also be a great way to turn traditional tutoring into a passive income stream!
The 5 best platforms to create and sell online courses
Affiliate Marketing
Affiliate marketing is an income idea that requires you to have a website or platform you can use to promote other companies, or “affiliates.” When someone uses your affiliate link to purchase a product or sign up for a service, you get paid.
You dont need to have a website or You can even build an affiliate business using social media!
Sell Digital Products
literally you can sell any digital assets on internet.in my company i want a creative art in my office wall so go Etsy and a found a grate art work that i want justprint out!
digital assets or products, just download and use it.
A digital product is any product you sell online that doesn’t have physical form or substance.
Amazon Merch
Amazon Merch best platform for creative people.
you simply just upload your designs and Amazon takes care of the rest (making it, packing it, and shipping it).
Use Passive Income Apps
As the name sound passive income works exactly the same. you just need to install them on your smartphone and perform a few actions to earn money, Most of the apps will take a portion of the income they generate.
Some of popular Apps are
YouTube Videos
you are expert traveler ? or you are a good pubg player ? than take your passion for a subject and turn it into a YouTube channel. first you’ll have to build out a suite of content and draw an audience, but it can create a steady income stream over time, as you become known for your engaging content.
Your area of subject may be too niche to really draw a profitable audience, but you won’t be sure of that until you experiment. many YouTube channels are created but not all are grow up.
Conclusion
passive income can fill out the gap that your 9 to 5 job can’t fill on its own. Many people started generating passive income as their side business but later on its become full time gig for them.
