How can we make passive income?

How can we make passive income?

Becoming rich is everyone’s dream and everyone search the resources to become rich. Similarly I will tell you about an income in which you have to work less and earn more.in the beginning you will work hard and invest and earn less, but over time, your workload will decrease and your income will increase. Yes of course I’m talking about passive income. An income in which you invest money first and then earn money from it.When you are working, you spend your time on it, but you don’t get involved in it actively.

Now we see top 15 unique ideas, which you can use to earn money.

1. Small one Marla shop

2. Rent your car or motorcycle

3. Sell stock photos

4. Build an App

5. Buy or start a blog

6. Storing other people stuff

7. Make a YouTube Channel

8. Sell and space on your vehicle

9. Create your own food point

10. Sharing your design

11. Become a Drop Shipper

12. Buying egg hatching machine

13. Write an EBook

14. Buy property

15. Create a course

1) Small one Marla shop:

If you have three or four lakh rupees then you buy a shop and you can rent it out. That way you start earning passive income. This idea is best for those who have less investment money.

2) Rent your car or motorcycle:

This idea is for those who have their own car or motorcycle. You can make a lot of money by renting your car. If you want to rent a motorcycle that you can rent one and get a good income from it. If you want to rent your motorcycle, you can go to BYKEA and rent your motorcycle.

3) Sell stock photos:

If you have your on camera, and you are good at taking pictures. So you also make money through your passion. And you can make a lot of money by selling photos from your camera to photography companies. And the best companies where you can send pictures are ADOBE STOCK, SHUTTERSTOCK, and ALAMY etc.

4) Build an app:

If you are expert in computer and have IT skills then you could transform your these skills into a passive income through by building an app that people can download. In 2009 an app ANGRY BIRDS is a free-to-download game that made roughly 272.3 million in 2020. And don’t forget to user SEO-friendly keywords in the description of your app to clear that people can search it easily.

5) Buy or start a blog:

Blogging is good for people made money online.it is also a great way to share your interest with others people. Of course this will need time and hardworking to build, as you will need to write the blog and put up audience. With a blog via affiliate marketing or selling on your website you got earn a good amount of income. If you do not know how to write a blog, so you buy the pre¬- written blog and can earn a good amount of money. And you can take advantage of the traffic on the existing blog and earn a good amount of money.to write your blog you can go to the medium.com website and blogger .com both are free websites. You can post and write your blogs on these websites.

Photo by BiancaGrueneberg on Unsplash

6) Storing other people stuff:

If there is a vacant garage or room in your house, you can also make money by keeping people’s belongings in it.you got $100 to $600 by renting your empty garage or room according to NEIGHBOR.COM.if you would not like to keep other people’s stuff in your home, then you go the another fantastic money earning idea that is investing in storage lockers or rentals.

7) Make a YouTube channel:

This is a great idea for people who have skill and want to make money by showing it to people. And it can be of any kind, such as teaching, online courses, having a motivational speaker, or any other unique information that people search for and want to knows .you can become a great youtuber.and you can make money by creating a you tube channel about your information.

• When does YouTube pay you?

When you have over a thousand subscribers to your channel and more and more people start watching and liking your uploaded video then YouTube monetizes you that is it start paying you. And many companies contact with you that you can play their AD in your video.

8) Sell and space on your vehicle:

If you drive a bus car or truck, so you can make money by placing any AD this time. That AD belongs to any company. You can earn money just to add some stickers to your car and use your vehicle as routine. The three site Carvertise, Wrpify, and Vugo you can use to connect you with brands looking for AD space.

9) Create your own food point:

If you have one lakh rupees you can easily buy a fast food selling point and you can rent it out. This is a great idea. You can earn a good monthly income by buying any fast food point renting it out. Believe me, this is a great way to earn income. There is a women in Lahore who has rented out four food selling point in this way she is earning 2000,000 per month.

10) Sharing your design:

If you can make a handmade item at home, you can sell it by visiting different websites and share your design. That thing can be of any kind like shirts design, home decoration piece, sports equipment etc. A few websites work to transform your designs like on Amazon Merch all you need to do is upload your designs and amazon will make the product according to your design and sell it.Amazon is a best platform on which you share your products designs.

11) Become a Drop Shipper:

Drop shipping is a best and easy way of online earning. In Drop shipping only need to select the products you want to sell and the vendor will package and sell it. In drop shipping your customer places an order from your store and your store automatically send the order to your supplier and your supplier ready customer order according to customer demand. And send order to customer. The only thing you deal is marketing and storefront. Now a days it is very common through the help of Amazon platform by Enablers for start drop shipping you can sign up for Shopify and then Oberlo for product finding.

12) Buying Egg hatching machine:

If you have 25 hundred rupees and you want to start a business so buy an egg incubator machine that you can use to start your own business in your own home. This machine run on electricity and hatches from eggs.

This idea is best for those who want to start a small business and have little money.

13) Write an EBook:

EBook come onto the screen in 2009 and now a day’s still popular medium. You can write a book and send to Amazon. If you are a good content writer you can make a lot of money by writing a good book. Allie McCormick make passive income by writing EBook.

Photo by Allis SiniSalu on Unsplash

14) Buy property:

You can buy any property in a good place, after a while Sell it at a profit. This will allow you to earn a good amount of money which you will get as a profit. You can buy any plot or any house can be in good place and now a days plot prices increasing day by day.

In popular city like Toronto property rate increases 9.36% during 2020.as with investment ,it can be risky so you can contact with real estate agent he help you buy the right investment property.

15) Create a course :

It is a popular way for earning passive income. If you have a skill and you can teach people this method is best. For example, if you have done any course like digital marketing course, graphic designing course or you are expert in creating a world file or any type of skill, than you can teach your course to others and earn good money. Your courses can be sold through different websites such as Udemy, Skill Share, and Coursera.

How I can earn passive income in 2022:

As we all know , business has grown too much in 2021 and people have earn a lot online, with amazon being the biggest one through which millions of people have made money. And it’s still relatively easy to make money online in 2022 with the inspiration of 2021.

Here are some best ways to earn passive income in 2022.

• Selling stock photos

• Write blogs

• Create YouTube channel

• Sell online courses

• Content writing

• SEO Expert

• Graphic Design

How I can earn passive income fastly?

If you don’t have investment and you want to make money fast.so you can earn money by using the resources you already have like RENT out your room, and out ADD on your car or bus ,or become a Drop Shipper. Plus, you’ll be learning money by watching amazon EVS (enabling video series) and learn any course like VA (virtual Assistant).Also you can make a good amount of money by creating your own YouTube channel, for example if you have any skill ,you can share it with people through YouTube.

Conclusion:

In the way inflation is increasing in this modern age of computer, similarly the sources of income also increasing and you can earn income by using many of these simple methods and I hope that by following these methods you can increase your income.