5 Passive Income Ideas

1. Real Estate : This requires large capital as possessing property for this is a necessity. If you have a house you don’t live in then rent it out to someone. Depending upon the location of the property you can get more or less money for the plot. Even if you have a extra room in your own house you could rent it out to hospitality companies. If the property has growth potential then not only will the rent increase but the cost of the property will increase too. After 10 years a $30,000 property can even cost $100,000. It all depends upon the location of the property and how well maintained it is. You can make $500-1000+ per month passive income by renting out your property.
2. Dividend Stocks : A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business (called retained earnings) and pay a proportion of the profit as a dividend to shareholders. If an investor has 10,000 shares of a corporation that pays $2.71 annually, he will earn $27,100 per year without doing any work. That’s passive income. An upside is that if the company shows growth and the price of the share goes up while you hold a stock, not only are you getting the dividends, you will get higher dividend returns. Also since the price per share will increase, you will make some profit per share.
3. Blogging : By creating a blog which attracts the right amount of traffic, you can create affiliate links with investment firms. Also many E-commerce websites promote affiliate marketing and you can earn a percentage of the profit per sale of the product linked to your blog. Advertisements on your blog will also pay you an amount every time a person sees or clicks an ad. You can also sell an online course based on a topic your blog is about, like cooking or maybe tech products.
4. Youtube : If your channel attracts enough traffic and views, you can monetize your videos and get paid by displaying advertisements. Also once your channel is big enough, sponsors will pay you to talk about their company or product in your videos. You can again use affiliate marketing links in the description box to earn more money and even talk about your blog to attract more traffic there.
5. Peer to Peer Lending / Loans : Everybody has a friend who needs some money urgently hence you can lend a friend some money at a fixed interest rate just like a bank would. Since it’s a friend, a mutual trust will be established between both the parties. After all, a human-human connection is better than a human-bank connection. $10,000 at 7% can get you 700$ with ease.

GOOD LUCK FOLKS THAT’S IT