Passive income is income that requires little to no effort to earn and maintain. Passive income is earnings derived from a rental property, limited partnership, or other enterprise in which a person is not actively involved. Some ways to earn it are -
Start a blog.
Blogging is one of the best ways you can create a passive income. In the beginning there might be no income. But, over time, you'll start to generate an income from that blog.
There are some basic steps you'll need to take before you start a blog. Blogs in the following sub-markets make the most money:
- Technology related blogs
- Dating and relationship related blogs
- Money related blogs
- Diet and fitness related blogs
If you're launching a money related blog, maybe it'll be about how to make money in real estate or simply how to make money online.
Create an online course
There are so many things that can be taught through an online course as many students today prefer for the online course rather than going to classes physically. One can teach technical skills in my courses such as how you can become a web developer or learn search engine optimization, but you can also opt to teach other skills such as playing an instrument, learning a new language, becoming a photographer and so on and so forth.
Do affiliate marketing
One great way to generate a passive income is through affiliate marketing. Affiliate marketing is likely one of the most powerful ways that... (More)