Passive income ideas – On this occasion, we will share some ideas for generating Passive Income.
What is passive income
This is a way to earn steady money with little or no daily effort. Generating passive income is not a show to just sit back and make money fast. You have to work, at least at the beginning / front. Some passive income projects, such as building a blog or app, require time (and sometimes money) to get started and get started. However, if you start right, you will be paid / given money while you sleep.
One of the important elements that all these ideas about passive income share is the audience. So if you don’t have an audience, it’s impossible to earn passive income.
Here are some ideas on passive income:
Dividend investment in shares
You don’t need an audience for that, you need money. Investing in dividend stocks can yield the highest returns with the least amount of work, which is great if you don’t want to spend the time and effort to get your next idea.
So how does it work?
In short, for every dividend share you have, you are paid a portion of the company’s earnings.
Dividend shares are a public company that regularly shares profits with shareholders through dividends. Dividends are usually cash payments to investors that are made at least once a year, and sometimes every three months.
“Let’s say, for example, Company X pays an annual dividend of 20 cents per share. Most companies pay dividends quarterly (four times a year), which means that at the end of each business quarter, the company will send a check for 1/4 of 20 cents (or 5 cents) for each share you hold. It may not seem like much, but once you build your portfolio on thousands of stocks and use those dividends to buy more stocks in the company, you can make a lot of money over the years. It is crucial that we invest these dividends again. “- Shauna O’Brien
You need an audience for this and the next.
How It Works?
Take the example of the Amazon Affiliate Program, which is one of the largest affiliate marketing programs in the world, so you basically receive a commission every time a customer uses your reference link to purchase one of Amazon’s products.
There is also a Skillshare affiliate program, for each new customer who signs up for a Premium membership or a free trial, you can earn $ 7.
There are many affiliate programs you can try, such as: Shopee Affiliate, Lazada Affiliate, Bukalapak Affiliate and many others.
You can learn anything online.
This “how” query was captured as the most searched query on the WWW, so uploading a useful and well-run course or workshop can bring your video to a potential 4.80 billion users.
Keep in mind that greater reach = higher revenue, which will make you think that a neat and minimal video with a solid background and small tools will create a success story for you.
Here are some online platforms where you can post your course:
YouTube, Rumble, Uscreen, Tiktok, IG, it should be noted that many video-based platforms start to monetize when you read. Source: How to make money online
Like the previous one, you can write about everything and get paid for it.
These are examples of important questions you can ask yourself when trying to figure out what to write:
What can I give that many people need today?
What can I contribute to meeting this need?
If you think you have limited abilities, believe that your ideas are different and deserve to be shared with others.
You can write about anything that comes to your mind first or that may bother you; just relax and let your kinesthetic senses take action or use your voice as speech into text.
Your words and opinions are dear, so this special platform will pay you to share your ideas: create your blog with Google ads displayed on your site, vocal media, center pages, and more.
Like the previous ones, you can create videos about the subjects you want to teach while advertising your blog or online courses.
Advertise your product, earn this commission and have your company sponsor your video and so on …
Today, for example, we see a lot of people talking about how to invest their money and get it to grow while you sleep.
If you don’t have the ability to create videos that will be uploaded to your YouTube channel, you can read the article: How to make money on YouTube without creating videos
There are a few things to keep in mind when making money on YouTube:
YouTubers need at least 1,000 subscribers before they are allowed to run ads, and then earn about $ 9.90 per 1,000 views.
Millions of people use these and other ideas to improve their financial situation. Keep in mind that all of the above ideas require some time and process.
Please find ideas on passive income, what is right for you. Hopefully there are benefits.
A small disclaimer. This article is for informational purposes only. It should not be seen as financial or legal advice. Not all information will be accurate. Consult a financial expert before making important financial decisions.