Are you tired of your job that only pays you a fixed amount every month? And after years of hard work
in the company the only success you will get is some dollars bonus. If this is so then it is the time for you
to think about passive income. Passive income can amazingly change your amount of income in years
and you can live a completely changed life. One of the best part of passive income is that you can easily
focus on your life goals and you do not have to worry about your source of income. Most of the people
think that earning passive income is not legit, that is completely a myth it only take some hard work in
the start and patience then you can easily start earning from a passive income source. One thing you
need to be very clear in your mind is that these income sources will take your time and money and you
do not have to worry about the investment as it will pay off well.
One more thing you need to know if you do not have the idea that what is this passive income. It is
basically a source of income in which you have to invest in the start or work a lot in the start and after
the initial work is done you can earn income from it gradually and after the initial stage the only work
you have to do is a bit of maintenance and sometimes you do not even have to do the maintain ace. So
passive income basically means a process that demands a lot of work or investment in the start and then
you can sit back and earn from it. Passive income has many benefits like you do not have to worry about
the retirement and you can have multiple sources of incomes. Passive income gives you comfort so that
you can enjoy your time you can have time for your family and yourself. If you are job holder than you
must think about converting to passive income sources as you do not know for how long you are in the
company and there is a very less chance of earning more than you want.
So here in this article I have put together some of the best ideas for you that will help you to start
earning your passive income. So starting from the 1 st.
One of the easiest way to earn passive income is affiliate marketing and this a source from which you
can earn while you are on vacations and even while you are sleeping. So if you want to be affiliate you
need to have some internet knowledge. As an Affiliate marketer you have to promote products made by
other business from your website, social media account or blog. You are given a link by the
manufacturer and all the sale made from that link earns you a commission. So by some extra marketing
and promotion of your content you can earn thousands of dollars. As it is the easiest because you do not
have to manufacture products and ship them all of this is up to the business whose products you are
promoting. Let me give you an example of affiliate marketing, suppose you link up with Amazon and
promote and sale the products of Amazon from your website as when a purchase will be made you will
earn your commission or reward.
2- High Yield Savings account
This type of passive income is the easiest type of income that you can avail. If you have money in your
account then this is the easiest way to earn passive income. If you have put your money in accounts
where you are getting very low rates then you are not doing it right because there are banks and
companies that are giving high interest rates than yours and you just have to search a bit. For a free
advice you can use Betterment as an option for your investment, you can get 1.85% interest rates in the
start on your money. There is no better place than Betterment for investment as you can use this app
for many functions and can get the highest interest rates and to sign up and get started it is very easy.
So you can even start with a little amount of $10.
3- Rent your property
Renting your property is that type of passive income source that takes a little hard work in the start and
after that it becomes a smooth and steady flow of cash every month. If you have some houses and flats
then you can just sit back and earn for life and you can sell your assets after a long time with more
profit. If you want to earn more from your assets you should put some money in maintenance.
4- Renting you room
You can earn from renting even if you do not property assets. You can even rent a room or even a bed in
your house and earn from it. You can rent your spare rooms in your house and even hire roommates to
earn you a passive income every month. This would not make you rich but it can be a good side income
source that will boost your income to some extent. You can also use AirBnb for this purpose as you will
get paid guest, visitors around the world use AirBnb for cheap rooms and bed. You can charge according
to the area and the season.
So here is an idea that needs a lot of hard work and patience to earn. Blogging demands a lot of hard
work and knowledge about what you are writing. Many successful bloggers around the world earn
thousands of dollars every year. Starting a blog is not quite easy and you need to know about writing
before you start. As to make blogging more profitable you can start affiliate marketing from your blog.
6-Start your Business online
Doing online business is not much difficult as it is to work in the local market. You can start with zero
and can earn hundreds of dollars monthly. The pathway is simple you just need to make an online store
and do a lot of marketing. You would be thinking of what to sell and how to deliver? The answer to this
is quite simple that you do not need your own products to be sold out every time you can sell others
products. You can contact manufacturers for selling and promoting their products and ask them to
deliver the product by their own as many companies do so. So you would only have to promote your
store and influence people to buy product from your website and you would then easily earn passive
7- Writing a book
Writing a book is not as easy as you would have thought but it can turn out to be a good source of
passive income for years as you publish your book. You need a knowledge to write good that attracts
people towards you. Once you complete writing you need to publish your book and every copy of your
book being sold will give you your commission. As this could be turned out to become a passive source
of income for years to come. Many successful writers earn $100,000 per year.
8- Creating an online course
Creating a course is same like writing but this time you need all your work to be done on the computer.
If you are good at any specific thing like a subject, an idea or any other stuff that you can teach you can
make an online course of it and sell it. Your online course can include E-Books, video lectures and other
form of teaching materials. You can put your online course at website for sale as you can find many of
them easily. You can also use Amazon for this purpose. Once you start selling your course you can start
earning. It can turn out to be a good source of passive income and if you want to earn more and more
you need strong marketing of your course.
So these were some of the passive income ideas. As passive income is not so easy to earn but once you
can take a start the road becomes easy. Some of the ideas above need time, some of them need money,
some of them need the both and some are quite easy. It takes a lot of hard work in the start as you have
to sacrifices your time, your sleep and your wishes sometimes but once you are on the road of passive
income you can enjoy your life as you want. You can spend wherever you want without any issue of
income. An idea for you is that you should start your passive income idea as a part time job. By this you
would be able to earn more than usual.
Drop your comment in the comment section below and also share your experience of earning from
Have a good day!