10 Best Ways To Make a Passive Income in 2021
Most of the people know the word called passive income, but they did know not know how to make it. You know in 2021 make passive income is not that hard that it was before, Here I tell you 10 best way to make a passive income in 2021 only you need to read this article and you are ready to make passive income.
What I tell you!
First you read this whole article you need to know what I tell you.
I tell you Two method in which you can make passive income.
| Offline method | Online method |
| 1. Crowdfunding in real estate | 1. Blogging |
| 2. Vending and ATM machines | 2. Affiliate marketing |
| 3. Rent your property | 3. Youtube |
| 4. Franchising | 4. Mobile Apps |
| 5. Invest in stock market | 5. E- books |
Offline method 1) Crowdfunding in real estate.
Now you Probably you think what is crowdfunding in real estate. You know lots of the people don't have enough wealth to invest in real estate. It takes a huge cost to invest in real estate here a crowdfunding comes in which you can invest a small amount of your money
and get small amount shares from a company in which you invest.
Why company wants crowdfunding If company don't have a enough capital to invest in real estate thats why a company announce a crowdfunding, In which every Investor get a chance to Invest in big project and make profits.
Offline method 2) Vending and ATM machines.
If you don't have enough capital to invest. Vending and ATM machines are the best idea to start with and make passive income. How this idea works every body knows what are vending and atm machines are we use these things in our daily life and off course you can use this to make passive income.
What you need to know to setup a vending and atm machines. First you want to do some research identify the location in which you setup this machines, second find the owner of these machines then setup these machines in location that you find. Now you are ready to generate passive income.
Offline method 3) Rent your property.
Very popular method to make passive income Rent your property you don't need luxury property to rent it out and make money you only need a room or different property that you don't use for your personal use you can rent it out and make a very good amount passive income more property you have more you make.
What to do if you don't have any different property and room so you can rent it out. Well I have a option for you lets assume you go for vacation with your family and you personal property this is the time to make a passive income while you go to vacation you can rent it now for a good amount of money.
Offline method 4) Franchising.
Most of the people who know about franchising they make a lots of money with this model. you think this business takes a huge cost to start a franchising business, and its right in some way what I mean by that in some way you know most of the big companies that have franchising model like domino's, pizza hut and KFC that all types of big franchising take huge cost to start. But you don't need to worry their are more franchise that takes small capital to start your business and make passive income.
Here are some option you can start with sites are:- Fit4mom, jazzercise.
Offline method 5) Invest in stock market.
Invest in stock market is a very good source of passive income. In stock market there are high returnees and high risk also, So you need to be careful while you start investing in stock market. My recommendation is first take a knowledge about stock market or you can take a advice who already invest in stock market then you can start investing in stock market and make passive income.
Online method 1) Blogging.
I know most of the people heard about blogging but very few of them get started with blogging. Probably you don't know how to get started with blogging or you not have a right direction to start and blogging is a most famous way to make passive income in online field and their is no limit to earn income in blogging and you also choose blogging as a full time career.
How you can start blogging every day people try to start blogging but 99% people fail in a career of blogging because they quit to early or they don't start passionate Topic. first you want to do choose a Topic/niche for which you are passionate about and commit yourself that you give at least 1 year to blogging if you want to success in blogging and you want passive income so you can live you life on your condition.
Online method 2) Affiliate marketing.
Another best online source to make passive income online is affiliate marketing. If I want to explain in short what is affiliate marketing, It is a process in which people promote other people products and get a commission. commission vary upon on products and a company and also a vendor who make that product, you can earn 1% commission to 90% commission on every product you sell best way to earn passive income in long- term only you sell product ones and get passive income for long-period of time.
How much it takes to get started with affiliate marketing 0$ its takes to get started you can get started with these platforms to earn passive income Digistore24, clickbank, commission junction.
Online method 3) Youtube.
In daily basis we watch videos on youtube, but can we make money on youtube answer is yes. You already heard about pewdipie, ninja and many more creators they become millionaire while creating youtube videos and they make income while they don't work on making videos and anybody can do this make videos on youtube and generate passive income.
How to get started with youtube you don't need any money or any expensive things to make videos, you only need a mobile phone everybody have and your passion so what are you waiting for started making videos today and earn passive income.
Online method 4) Mobile apps.
You think how can I make a mobile app it takes lots of knowledge and expertise to make mobile apps. First I tell you how you can earn passive income through mobile app. In your phone their are lots of app that you use in daily basis most of them you download and most of them are already in it.
Why this is a best way to make a passive income you work only one time and you take that benifits in long-period of times in other online passive income source you need some daily basis work, but in mobile app you need one time work and its give you passive income while no work for long-time.
Read this article if you want to know more about how to create a mobile app .
Online method 5) E-books.
Many people are books obsessed and they love to reading books but what if you make money form writing e-books and sell it online and make passive income. most of the people things they need writing skills to write e-books but it not true you don't need any writing skills, but you need knowledge so you can write e-book on some specific topic and sell it online.
What to do if you don't have any knowledge and skills too write and e-book. We have an option for you in which you don't need any knowledge and skills to write and e-book go to IDPLR in which you can access thousands of free books for your reuse means you can sell those books for yourself and earn passive income.
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