What is Passive Income?
Published on May 7, 2017
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
What is passive income?
When we speak about passive income, we always think of business which makes you money without having to do anything.
That might be true, if you have money to invest. Then you sure will find a business where you will make money without having to do anything.
But most of us do not have the luck of having spare money for investing. Therefore, we must do some work before we can sit back and see money “pouring” into our bank account. Even after we did that work and we see money coming in, we still should continue working on that project, but not such hard any longer. It’s more in direction service and maintenance.
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What are the possibilities for ordinary people to make passive income?
Here is a list of online passive income opprtunities:
- Creating a blog to promote affiliate products
- Creating a comparison site
- Creating a lead capture site
- Creating an online course
- Creating a membership site
- Setting up your own YouTube channel
- Reselling online products & services
- Writing & publishing ebooks
- Produce Audiobooks
- Building an ecommerce shop with drop shipping
Sure, there are more opportunities. But either they are not online based or you have to invest a bigger amount of money.
In the coming days, I will explain the above-mentioned opportunities and how to implement them.
So, stay tuned.
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