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Passive income help you to build wealth while you are doing other work or even sleeping. If you believe in your talent, skills and education then, you can join this passive income community to get benefit of making tons of money.
There many misconception about passive income. People think that we have to do lot of hard work to build passive income stream. But, this is not true.
You need to learn the proper method for implementing passive income strategy. Do smart work with some extra effort. Plan your work and follow it properly.
This video is specifically dedicated to those people who are looking for just income ideas that help them to create passive income.
We can make individual video on each idea if you're interested.
If we get 2000 likes on this video; then, we love to create in-depth video on each passive income ideas.
What are our favorite passive income ideas?
All ideas are best for suitable person. But, according to our thoughts and our implementation; we can suggest top 5 passive income ideas that any one can start with little investment.
1. Start a blog, publish a article, add affiliate links and do search engine optimization.
If you publish 500 articles on your website with affiliate link in each page then, you can generate $1000 to $2000 minimum monthly income.
2. Become a Youu Tuber.
You just need to share your expertise, education or skills and help people in that field. You can sell your own products, brand products or monetize your YouTube channel too.
3. Invest in Mutual Fund.
This is hidden passive income stream which required long term waiting period. You need to invest 5 to 10 % of your regular income and wait for 20 years to see the compounding interest.
4. Create a Digital Product.
You can create a eBook, software, application, addon or anything that can be digitally downloaded. This is the nice idea to get passive income. You just need to create your digital product once. and start marketing your product with some marketing skills.
5. Membership website.
This is also great idea for making passive income. The main thing you need to do is putting lots of effort at beginning level for building quality content membership website for targeted audience. You can create a premium talk forum for those who pay some amount of money as a membership fees.
These are few passive income ideas that we can recommend from our side. If you're looking for more ideas then, watch this full video.
50 Passive Income Ideas for Financial Freedom in 2024.
