I’m sure at some point in your life you must have heard something about passive income.
Many people are looking for various forms of extra income on the internet, and passive income is certainly one of the most sought after for the advantages it offers.
So if you are looking for a way to make money or have an extra income at home, passive income will certainly help you.
What is passive income?
Passive income is earned through investments or work already done that continues to make money without any additional effort.
On the other hand, active income is money earned in exchange for performing a service. Passive income, by its definition, does not require active work after a certain point.
Most passive income sources will require time, energy, and an initial effort.
But if done right, you’ll get to the point where you can live on passive income alone, with little to no effort on your part.
My 7 Best Passive Income Ideas for 2022
There are several forms of passive income, even online, so if you want to have income regardless of location, this type of passive income is for you.
Typically, all you need to win is a computer and an Internet connection.
Blogs are the perfect passive income source for writers or hobby enthusiasts.
A blog is an informational page or website that displays information in reverse chronological order, with the most recent posts appearing first.
It’s also a way for writers to share their work and thoughts.
Your blog becomes a passive income stream through ads, affiliate marketing, and/or digital product sales.
To earn passive revenue through ads, you should focus on SEO (search engine optimization) strategies.
SEO is the science behind getting traffic to your website. Once your blog is getting traffic consistently, companies can even ask for project partners.
To start your blog:
Select the perfect niche for your blog
Choose a blogging platform (example: WordPress)
Choose a domain name (example: www.myamazingblog.com)
Get a web hosting account (example: blue host)
Design your blog, write content and promote through Social Media.
Comment below if you wanna start making $1000 monthly blogging, I have a course that will help you make money via blogging in three months.
2. Digital Courses
We all have experience with something that someone is willing to pay for. You can turn your skills and knowledge into money through a Digital Course.
A digital course is a passive income stream that keeps selling without you having to work hard after creating it.
Many times you are already sharing your knowledge on social networks and still don’t realize it. So why not put together a product talking and teaching your specialties?
Instead of giving away all your knowledge for free, you can turn it into passive income by pooling your ideas, skills and knowledge in a digital course.
Platforms like Hotmart, Monetizze and Eduzz are great for you to place your products.
Similar to the digital course, writing an e-book (electronic book) is another way to sell a certain knowledge. The main difference is the way this information is transmitted.
An e-book uses a computer, mobile device, or e-book reader (such as the Kindle) to view long-form text in a book format with text, images, or both.
An average ebook can be between 2,500 and 10,000 words, depending on your niche. You can create your ebook on sites like Canva or even Microsoft Word.
In addition, there are several ways to create an e-book, including you can buy PLR e-books and create your e-book from this content licensed from outside Brazil.
4. Affiliate Marketing
Affiliate marketing consists of partnering with companies or producers to promote their products. And for every sale you make, you earn a commission.
This is an easy form of passive income because you simply promote someone else’s product and get paid.
Some places to promote your affiliate links are through social media, email marketing, YouTube channel, podcast, or blog.
Some well-known affiliate marketing platforms are Amazon, Hotmart, Monetizze, Braip, jvzoo, warrior plus, CJ and Eduzz. There are several products on these platforms, just choose according to the niche you want to work on.
Make sure you only promote products you know and trust. And of course, there are several other sites to make money on the internet and have a passive income.
Check out how to make $500 doing affiliate marketing on jvzoo
5. Investment in real estate
Investing in real estate is the most expensive passive income option. Requires an initial investment sign, the easiest way to earn passive income. This type of passive income occurs through capital gains or dividends.
As your stock value grows and you continue to reinvest the dividends you earn, you can see your investments grow through the power of compound interest.
The key to earning passive income through the stock market is to use a buy-and-hold strategy, i.e. an investment of patience.
Conclusion on smart passive income ideas
Having a passive income stream is very imperative in the world today if you must stay financially free and live a free life.
Passive income can help you generate a whole lot of money for you while you sleep.
The main reason I am in love ❤️ with a passive income stream is that you set it up once and it will generate income for you for next coming years.
If you are interested in starting any of the passive income ideas listed above in this article.
All you have to do is to drop a comment by saying I am interested in starting (mention the one you are interested in).
And I will guide you in creating that passive income stream for you.
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