Developing a passive income stream is a great way to boost your earnings. There are several ideas you can pursue, all of which require relatively little effort and time to get started.
What are the 7 ways to earn income?
Blogging is one of the most popular passive income streams. With over 4.6 billion internet users, there is ample opportunity to generate money with a blog. Many bloggers use Google AdSense to generate a steady stream of revenue.
Creating a website is also a best way to get passive income. Using a platform such as Shopify can help you create an online store that allows you to sell digital products.
Dropshipping is another great option for earning passive income. This method allows you to sell products to customers worldwide. You can also set your own prices. Unlike traditional retailers, you don’t need to handle inventory or storage costs.
Inventions are another way to earn passive income. The first step is to find an idea that solves a problem. You can then go to sites such as InventionMyIdea or Invention City to sell your invention.
Video marketing is also becoming increasingly popular. Companies pay for videos that go viral. You can make a video that catches people’s attention and then sell it to news websites. If it becomes popular, you can continue to earn recurring revenue.
Car rental is another source of passive income. You can sign up with sites such as Turo and Wrapify. With a little effort, you can advertise your vehicle and receive free cash in return.