• Type of people around us 6-12 Passive 9-5 Extra income jobs income (work (With once) study or with job)
• Passive income is basically you work once for
something and that pays you forever without any further efforts. • Make money while you sleep • It includes your passion experience and skills. 1. Invest in Real Estate • Real estate invest is the most easy way but requires high initial investment • A hack to get rid of high investment is at the end • Rent your properties and get a sum of money every month. • Sell your property after a period of time making profit and buy a new one with the same money and the cycle goes on and on. • You can even make the group of people interested in making money passively and divide the investment and return for easy workout of the process. Dividend income • Dividend is basically money paid to shareholders of stock in cash. • This investment will give you a payout every quarter. • Even warren buffet is the fan of dividend paying stocks. • Knowledge about the stocks and picking the right stock is really necessary in this. This will help you sustain on your investment for years. List your property on Airbnb • Airbnb is the service which provides short-term rental properties. People prefer this in comparison of staying in a hotel. • You need to rent your spare rooms and not the whole property. Cleaning and maintaing the property is the only you need to take care of. • Even this part can be eliminated if you hire a property management company and this will make it a truly passive income. Write a book • Only once the effort of creating a book is to be done, after that sell the book and collect the revenue. • List the book on amazon and then you could receive a cheque every month • the more you do the marketing of your book, the more of sales you will receive. • This will include you passion for book writing and skills. Affiliate marketing • This means that you get a commission on products or services that you refer to you audience without incurring an extra cost to them. • This can be performed through your website, your social media handles, your personal contact and many other ways to refer people. • The goal is to get people click your link and buy the product. • People are making a great fortune out off just affiliate marketing. • Best examples are, amazon affiliate program, clickbank, etc.. Create a digital product • Online courses can be a great option, you need to create the course once and the take the full revenue on sales. • Courses should solve a problem, provide some value and there should be a need for your course. • You can sell your courses on teachables, udemy, your own website, etc Create an e-book • Write an e-book and list that on amazon. Once you write the book, amazon does all the efforts and you have to take away the revenue. • Reading a book online than buying an actual book is more preferable now a days . • Not only amazon you can even sell your eBook through your own website. YouTube videos • Youtube is the best platform to make money without actually investing anything. We are investing time and efforts to make an consistent passive income through ads that displays on videos we upload. • For passive income on youtube you need to make videos on regular interval and than all the videos that you made till date will generate income forever. • For this a few videos will not work, you need to make more than 100 videos and build the subscriber base and viewer base to watch your videos on regular basis. • It takes a lot of time in initial stages but at certain level your hard work will pay off. Create a mobile app • Come up with a great idea or improve an existing application • Solve the problem or complete a need for people • Make a great source of passive income. • Do the efforts of making an great mobile application in initial stage and then earn money through ads, subscriptions, etc. • There are many examples of people making thousands of money from their mobile applications alone. Product design • Create your own design which can produce sales in the market. • You can design coffee mugs, t-shirt, pillow cover, laptop cover, mobile cases, etc. • The you are creative, the more you can earn • Upload and sell on sites which provide this services, whenever your design is sold, you will make profits with no actual work other than just making designs. Blogging • Start your own blog, post to your blog on regular basis, cover all the trending topis and just write whatever topic you like. • It requires the work to be done in initial stages but then after you have written 100-200 blogs which are really worth a read then you will start making an income from your blog. • Income can be from ads, affiliate marketing, selling your own product, etc… • Every single blog will generate income forever.
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Dropshipping Guide for Beginners: A comprehensive guide to building your business on marketplaces using the Fulfillment by Amazon (FBA) program, eBay, and Sears