Best Passive Income Ideas

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Best Passive Income Ideas


 Passive income is one of the types of income for which you need to work for a limited time and it generates income for many years.

Blogging

You can write blogs and share your knowledge with the world. You can use Blogger or WordPress for starting a blog. The blogs which you will write on your blog will generate money with the help of ads that you will run on your blog site. You can also write blogs for someone else via freelancing work but that will be counted as active income.

Youtube

Create youtube videos with the knowledge that you have. You do not need an outstanding idea, your youtube channel can be fun learning videos for kids or review video for cloths, etc. I can see many youtube channels that are just teaching ABCD or colors to kids but they are having many subscribers. You create a video once but they will generate income for you till people are watching it.  You can also add your affiliate links in the video description which will also generate commission income for you. You need to enable monetization on your channel. You will start earning money once your channel reaches 1000 subscribers and 4000 hr view on your youtube channel. Please check How to increase views and subscribers on your youtube channel?

Affiliate Marketing

Affiliate marketing is the way to earn a commission when you promote other people's product and someone buy it from your affiliate link. The most important thing in affiliate marketing is the audience. This will need some effort initially because you need to choose and generate an affiliate link for the product that you want to promote. I have seen many Youtubers their affiliate link of products in their description box. There is plenty of affiliate program in which you can enroll based on the area of interest of your audience. Below are a few examples -
  • Amazon affiliate program
  • Flipkart affiliate program
  • TripAdvisor affiliate program
  • Cuelink for automatically linking your blog text to your amazon affiliate links

Commercial Rented Property

Commercial property can give you a good amount of rent every month. Make sure you create a registered rent agreement with clear instructions. One thing is that you will need a big amount of investment for this kind of property.

Write an eBook

You can create an eBook for your content and list it in any of the online book stores. Initially, you can keep the price low to attract more customers.

Dropshipping e-commerce store

In the dropshipping e-Commerce store, you do not have to stock the product. People visiting your online store will order and the actual product seller will send them the product. You will earn a profit on each product sell.

Investment

You can invest in interest-paying FDs, dividend-paying stocks, and mutual funds to get regular passive income.
Passive income is a big contributor to achieving Financial Freedom. How can you achieve Financial Freedom?

Please comment below and let me know if you have any other passive income ideas.

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