Passive Income and Some Great Ideas to Start Earning

 

 What is Passive Income?

Passive income is often misunderstood. Passive income means when you earn money other than your 9:00-5:00 job. It includes Real estate investment or business investments where you do not have to be present at all. 

But this is some what high level definition. In simple words, passive income is something when you make money even when you are sleeping.

So here are some of the simple ways you can earn money other than your day job. So let's dive straight into it.

1. Dividend Paying Stocks:

Stock market is something that needs some attention and some start-up cash, but investing in right stock which pays higher dividends can make you money simply and practically doing nothing. You can further find out how to choose good stocks here. So if you consistently invest money in dividend paying stocks, overtime you can earn decent amount. 

2. Rental Properties:

A cash flowing rental properties is fantastic way to earn some extra money. Buying a property and renting it out not only can pay its own mortgages, but also can give you decent money after they are paid off. A good property will always grow its value over time. So in case you decide to sell it, it will definitely give you more returns than ever.

 

3. Sell eBook Online:

If you are good at writing, then writing out own book and self-publishing it online is a mainstream today. If you are good at anything just write those stuff down and sell it online, once the book is published it will earn you money so long that you might not have to work again. Places like amazon are some of the best platforms for self-publishing.

 

 4. Selling Stock Photos:

Do you ever wonder where your favorite websites, blogs, and sometimes even magazines get their photos? These are normally bought from stock photo websites. If you enjoy photography you can submit your photos to stock photo sites and receive a commission every time someone purchases one of them. ShutterStock is one of the best place for the selling out your photos

5. Affiliate Marketing:

Affiliate marketing is the practice of partnering with a company (becoming their affiliate) to receive a commission on a product. This method of generating income works the best for those with blogs and websites. Even then, it takes a long time to build up before it becomes passive.