|What is Passive Income and How to Make Regular Passive Income in 2020 |
In terms of earning money, the income can be earned in two types basically. Here we are talking about these two types of Income. Active Income and Passive Income
What is passive income: Earning while Sleeping.
Passive income is that you will not work for the money that means money will work for you even whatever you are doing in your life like you are on holidays, you are travelling, you are with your family but your passive income will be credited automatically on time and that too without going office work. And simply the real meaning of the passive income is that you will get your money while you are sleeping too and you will not actively involved like active income needs to be involved.
Passive income is all about money comes from your one time investment of your Knowledge, Time and Money.
What is Active income: Earning while Working
Because whatever you do in your life for the money or salary, you will have to work for that. And if you are doing job then you will have to go to your office daily. If you will not go to your office then you will not get salary.
Minimum Requirement for Passive Income: Earning while Sleeping
So if you want to earn money without doing jobs or without doing any work then passive income is the best choice for you where you have to invest your time and money at once only to get the income regularly.
If you are here and still reading this then it means you are ready for one time investment of your time and little money to make passive income regularly.
Here are the ideas on which you will not have to work or at least once if required for regular passive income
10 Ways of Regular Passive Income
1. Rent Your Extra Room or Old House:
This is the best way to make passive income without investment because if you have extra room in your current house where you are living then you can make some extra passive real income by renting your extra room or your old house to the travellers or students or families and more.
You can also list your extra room or your old house on online platforms like: OYOROOMS and AirBnb. These are the most trusted firms through these platforms, customer will come to you by online booking
2. Affiliate Marketing:
You can earn passive income from Affiliate marketing. You just have to do is that you have to share the affiliate links of products to your friends and family and if they purchase your recommended product or anything then some commission will be credited in your account.
You can make affiliate accounts on amazon, flipkart, snapdeal, paytm and make passive income regularly by just sharing affiliate links on whatsapp, facebook.
YouTube is the best platform to make extra passive income regularly. Just make an account on youtube, open a channel then start uploading videos of your hobbies or interests and you can teach or you can provide videos about how to make something that you know well and monetize your videos on Youtube then your passive income will be started.
You can make your blog or website where you can provide information about something. And make your blog monetized to make passive income. You can make website on Blogger, WordPress and start making passive income.
5. Sell E-books:
You can make your own E-books on your particular topic. You can write some recipes of the kitchen in your e book and then you can sell the ebooks online. You can put the links of your ebooks in your YouTube videos description while they purchase your ebook then your passive income would be coming regularly.
6. Sell Designed T-shirts online:
you can design T-shirts online through the online tools and can sell these T-shirts online through amazon, flipkart or you can make your own website of these Tshirts and start making passive income by just designing or writing quotes on the T-shirts.
7. Create your learning course and sell it on Udemy:
If you are a teacher of a particular subject then you can make your own course for the students or for the learners. You just have to do is that make course and put it online like Udemy platform from where students and learners will read your course online by paying you.
8. Create your learning and informative Mobile App:
If you are the mastermind of a subject or you can be a person who know something then you can make your own app and put your information on the app and start making passive income regularly. You can tell to the developers to make a app for you and you just handle your app and monetize it.
9. Invest in Stock Market:
If you have some money to invest one time then you can invest your money in the Stock Market at once by knowing trading. You will need to get the knowledge about trading and how to invest and where to invest, you will have to know about these before investing you money. You just need to invest once and then you will get passive income from it.
10. Invest in Real Estate:
If you have some money to invest one time then you can invest your money in the Real Estate. Real Estate can give you more passive income by purchasing the property plots or houses at once then you will get regular passive income from these.
Hope you would get an idea to make a source of extra passive income regularly and you will make 100% effort to any of these above mentioned ways of passive income. You can do this by just using your smartphone, if you don’t have laptop or computer then don’t worry because your smartphone will help you to make passive income. And friends do not be lazy and don’t let it be by just reading. You have to try with anyone or at least one of these ways, you will not believe that you are making passive income. So do some little work and make extra passive income regularly.
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