Passive Income Ideas | Increase Your Cash Flow

Many of us don’t know about Passive Income. Passive income is money you earn in a way that requires little to no daily struggle to maintain. Some passive income ideas like renting out a property or making a blog may take some work to get up and running, but they could ultimately earn you money while you sleep.

In the book “Rich Dad and Poor Dad” Robert Kiyosaki brilliantly wrote about Rich and Poor. This book is about Robert Kiyosaki and his two dads — his real father (poor dad) and the father of his best friend (rich dad) — and how both men shaped his thoughts about money and investing.

1. You don’t need to earn a high income to be rich.
2. Rich people make money work for them.

The moment you make passive income and portfolio income a part of your life, your life will improve. Those words will become flesh. — Robert Kiyosaki

Now, You are cleared with what Passive Income is. Now we get into the Ideas of Passive Income. Passive income can be built in many ways, but first, let’s take a glimpse at what it truly is and which income streams are possible.

Passive Income Ideas to Increase Your Cash Flow :

1)YouTube Channel

If you have a gleaming idea that appeals to a particular audience, you could create something like an educational or informative YouTube tutorial series to generate online traffic. If your content is winning and it sees enough daily traffic, you could sell ad spots on your channel. After you put in the heavy lifting, you can sit back, relax, and enjoy streams of passive income.

2)Sell Digital Products

If you’ve learned how to create content that produces enough traffic to host ads, you could make a product, your audience would fancy buying. That could be anything from a simple e-book to a complex app that produces income for years after it’s released. Examples of digital goods include e-books, music files, software, digital images, Web site templates, manuals in electronic format, Recipe books, Photography skills, make Resumes, and any item which can be electronically stored in a file or multiple files.

3)E-Commerce

Selling stuff is a great way to make extra money, whether you sell things you make or re-sell items you buy. If you want to build an online store, Shopify makes it easy. They have built-in templates, so you don’t have to spend time designing your store. They also have a set of tools to help run your business. You can create coupons and promotions, process payments, and handle returns.

4)Affiliate Marketing

With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account. Amazon might be the most well-known affiliate partner, but eBay, Daraz.pk, and Ali Express are among the larger names, too.

You can also earn on Instagram or any other social media by just adding a link to your site. But you should have a lot of followers or customers to do this. When a visitor clicks on the link and makes a purchase from the third-party affiliate, the site owner earns a commission.

Affiliate marketing is deemed passive because, in theory, you can earn money just by adding a link to your site or social media account. In reality, you won’t earn anything if you can’t draw users to your site to click on the link and purchase something.

5) Design T-Shirts

​Sites like Cafe Press allow users to custom design items like T-shirts. If your design becomes popular and makes sales you’ll be able to earn royalties.

Even Amazon has gotten into this business. Amazon has a new service called Amazon Merch, where you simply upload your designs and Amazon takes care of the rest (making it, packing it, and shipping it).

Passive income always requires something up front: time or money. However, the idea that it becomes passive after you do the work is what’s alluring about it. For example, you spend 6 months writing a book, and you can enjoy the royalty income from your book for the rest of your life without any further work.

That’s not to say that doing more work won’t boost your income, but there is an element that requires nothing more to earn.