Babu Jayapragassam

10 ways to create passive income

Invest in dividend-paying stocks. This is one of the most popular ways to create passive income as it allows you to earn money from the companies you own a small piece of, through dividends. Dividend-paying stocks may be a good investment option for those looking for a steady stream of income, but they may not provide the same potential for capital appreciation as non-dividend-paying growth stocks. Create an online course. This can be a one-time investment of time and effort, but once the course is created, it can continue to generate income for you passively through course sales. Some popular options include: Udemy: Udemy is a large online learning marketplace where you can create and sell courses on a wide variety of topics. It's a popular platform for instructors and has a large audience of potential students. Coursera: Coursera is an online learning platform that partners with universities and organizations to offer online courses, including both free and paid options. If your course is relevant to professional development or skill building, it may be a good fit for this platform. Skillshare: Skillshare is a community-driven online learning platform that focuses on creative and technical skills. It offers a subscription-based model that allows students to take multiple classes per month. LinkedIn Learning: LinkedIn Learning (previously Lynda.com) is an online learning platform that offers a wide variety of courses and tutorials. It's focus mainly on professional development and business-related topics. Your own website: You can also create and host your own online course on your own website. This option gives you the most control over the look and feel of your course and allows you to keep all of the revenue generated from course sales. This option is a good choice if you have a large audience and social media following. YouTube: You can also create and post your online course videos on YouTube. this is a great option if you want to reach a wide audience and you already have a sizable YouTube following. Invest in rental properties. This can be a more significant investment upfront, but rental properties can provide a steady stream of passive income through rental payments. Invest in a peer-to-peer lending platform. This can be a low-effort way to generate passive income by lending money to individuals or businesses and collecting interest on the loans. Create a YouTube channel. You can monetize your videos through ads, sponsored content, and collaborations with brands. While it may take time to build a following, once you have a sizable audience, the income can be passive. Start an affiliate marketing program. This involves promoting other people's products and earning a commission on sales. You can do this through a blog, website, or social media channel. Create and sell an e-book. This can be a one-time investment of time and effort, but once the e-book is created, it can continue to generate income for you passively through e-book sales. Invest in a high-yield savings account or CD. This can be a low-risk way to generate passive income through interest on your savings. Create and sell a physical or digital product on a website like Etsy. This can be a one-time investment of time and effort, but once the product is created, it can continue to generate income for you passively through sales. Invest in a REIT (Real Estate Investment Trust). This is a type of investment that allows you to invest in real estate properties without having to buy or manage the properties directly.