do you know about Passive Income? in this article, I am going to share with you 11 passive income ideas.
active income is generated by professionals such as a lawyer, Doctor, Web developers, chartered accountant etc and they need to work more.
after some period of time, you will generate passive income by real estate.
yes, my friends, you can buy a lot of liabilities but you know what it takes money out from your pockets or Bank account.
Make money while you are sleeping.
passive income is the way to make money while you are sleeping, but you have to build your assets column.
only assets will make you rich or wealthy.
What is Passive Income?
An Entrepreneur earns passive income while a Professional earns active income.
passive income means you will not need to work the whole day means you developed one idea or business, which is generating income for you.
active income is generated by professionals such as a lawyer, Doctor, Web developers, chartered accountant etc and they need to work more.
Passive income ideas
Start Investing
you can save money but saving money is not a good way to generate passive income.
there are words for savers who save money.
"Savers are Losers", yes saving money is not bad but if you want to generate passive income then you have to learn about investing.
you can earn huge money by investing in a good company or acquiring a great business.
there are different ways to invest your money according to your risk-taking capabilities.
you can start investing in stock market, bonds, commodities and etc.
Buy Real Estate
Buying real state is not possible for everyone but if you are capable to buy then you can buy real estate.
real estate also gives you chances to generate passive income.
it is similar to investing but you have to invest in real estate.
it is similar to investing but you have to invest in real estate.
after some period of time, you will generate passive income by real estate.
Rent Your Space
if you have a large house and many rooms are available, no one is using those rooms then you can rent that space.
there is a lot of option to rent your space like Airbnb etc.
Become A Blogger
you can share your experience or skills through a blog to the world.
start writing the article and after sometimes, you can monetize your blog to generate the passive income.
or you can also buy a blog which is already getting traffic so it will generate revenue very soon for you.
online Courses
you can also start your online courses to the large internet communities.
there are a lot of websites are offering to become a tutor.
or you can start your own website where you can deliver your content regularly.
youtube, Udemy and more these type of websites are a great way to share your skills.
Start your own E-commerce website
you can also sell your own product by starting your e-commerce site.
it is also a great way to earn passive income.
I know it is sounding tittle bit strang but after sometimes later it will generate huge money or passive income for you.
Outsource skills
if you have the knowledge to manage the people or professional then you can also outsource those professionals.
yes, nowadays skilled professionals are very less so you can start training institute with masters.
and outsource them to the industry.
Start Selling Photos
if you are a traveler and you love to capture the moment, then you can sell those captured images on free images stock.
free images stock will pay you a handsome passive income for those photos.
Sell Ebook Online
you can create an Ebook based on your experience or skills.
and you can sell those Ebooks online to earn passive income.
Affiliate Marketing
Affiliate marketing is also a good way to generate a handsome passive income.
in Affiliate marketing, you need not to do anything, only you have to register for partner program or affiliate program.
after that, you have to promote link or banner provided by those sites.
you can use social media, website or any other method to promote an affiliate link.
but make sure you are not using any wrong method otherwise your partnership can be canceled.
Create an App
by creating an App, you can earn passive income.
I know, you are not a programmer but if you have a great idea then you can hire an android or IOS developer for creating an app.
you can monetize your app, or by providing some services you can charge your customers.