7 Ways to Get Passive Income Have You Tried it

7 Ways to Get Passive Income, Have You Tried it?

7 Ways to Get Passive Income, Have You Tried it?

How to Get Passive Income – Who doesn’t want to feel financial freedom? You can freely go on vacation anywhere with your family or do hobbies without fear of having to think about the installments to be paid next month.

Did you know that it is very possible to do this? Well, one way is to have passive income.
Indeed, getting passive income is still possible, but not easy. It’s actually similar to how you build and develop your own business.
Passive income means that you can get additinal income apart from the main source of income such as salary for example.
So, you will not feel trapped in a bad financial situation.

There are many ways you can do to get passive income, but how? Instead of being confused, first, consider the following reviews.

What is Passive Income?

As the name suggests, passive income is a type of passive income. That is, you can still earn even if you don’t work directly.
So it can be said that what you invested previously worked for you. For example, you buy a shop which is then rented back.

If you have graphic design skills, then sell your designs or illustrations on popular sites.
Now, the money from the shophouse rental and the sales of graphic design is what is called passive income. Interesting right?
How to get passive income can not suddenly. You need to invest first if you want maximum results.
For example, choosing a type of business or job that can generate promising passive income and then pursuing it seriously and patiently.

How to Get Passive Income?

All passive income earned apart from the main income is called passive income.

Well, there are many ways you can try to generate passive income. Here are some of them.

1. Selling Stock Photos

Selling Stock Photos

Have an idle camera at home? Or your smartphone has a reliable camera feature? Instead of wasting it just for selfies, it’s better to use it to produce good photos.
Then sell the photo on stock photo sites like Pixabay, Shutterstock, Dreamstime, iStockphoto, and many more.
But don’t just snap, you have to produce quality photos according to standards and choose popular themes that are much liked

Also Read: 10+ Best Sites to Sell Photos to Make Money from Photography

2. Affiliate Program

Affiliate Program

The following way to get a passive income is through affiliate programs, this idea is quite popular. The reason is quite simple because the method is very simple.
You simply register in the affiliate program, then promote the products offered by the program.
If the promotion you do is successful until a purchase occurs, then you will get a sales commission.
Not difficult, right? You can also take advantage of your website or blog, and email to social media to promote the products of the program.

3. Writing and Selling Ebooks

Writing and Selling Ebooks

Have a hobby of writing? You can also make it a promising passive income, you know!
You can write anything according to your passion, from fiction to non-fiction. Don’t forget to package it into an interesting ebook.
First, you have to know what you want to achieve from the ebook. Do you want to discuss a topic in-depth, outline a problem, or just want to keep the reader entertained?

That way the ebook that you produce has value and attracts the target audience. You can submit drafts to platforms like NulisBuku or Amazon KDP Kindle Direct Publishing (KDP).
Or you can publish it independently and then market it on a WordPress-based blog or website. You can also use the power of social media to email to reach a wider target audience.
Selling ebooks regularly can be a great source of passive income, especially if you manage them professionally.

4. Monetization of YouTube Channel

Monetization of YouTube Channel

Generating passive income from YouTube channels? Maybe you already feel inferior before you start trying. But, if you want and have the skills, you can also get passive income from Youtube.

How to get passive income from Youtube is also not too difficult. First of all, create a Google account, then determine the theme of the Youtube channel that you want to create. Next, identify the target audience so they can produce videos they like.

After that, make sure to register yourself on Youtube Adsense. But before that, you must meet several requirements set out in the Youtube Partner Program, including being

  • willing to follow all of YouTube’s monetization policies.
  • Where you live is within reach of the YouTube Partner Program.
  • Have a Google AdSense account.
  • Get more than 1000 subscribers.
  • The video you uploaded had over 4,000 hours over the last 12 months.

After all the requirements have been met, then you can get passive income from Youtube. Starting from advertising profits, selling merchandise, and so on.

Also Read : How to Become a YouTuber for Beginners

5. Create a Blog and Maximize

Create a Blog and Maximize

You can also use a blog, as a way to get passive income easily. Before starting to make money from a blog, you have to build a new quality blog and then maximize it.

After that, connect with the Adsense service to start generating passive income easily. This can be done by opening an ad space column, selling products, reviewing products, or joining affiliate programs.

When choosing a blog as a means to get passive income, you have to be more patient because everything can’t happen overnight. Besides that, also improve the quality of content so that blog visitors increase.

6. Online Investment

In addition to using several ways to get passive income online, you can also choose investment as passive income.
There are many investment products that you can choose from, ranging from deposits, gold, mutual funds, stocks, P2P lending, and so on.
Before starting to decide to invest, make sure that you already know the ins and outs of the investment product that will be chosen.
The advantages and disadvantages and what is the procedure. Next, prepare funds according to the budget.

To minimize potential losses that could occur, don’t forget to choose a product that has minimal risk and more than one type of investment.
For beginners, you can use an online investment platform like KoinWorks or Bibit as a basic platform to learn investment fundamentals as well as direct practice with small capital.
At KoinWorks, you can learn the fundamentals of online P2P Lending investment, gold investment, and bond investment

Also Read: Types of investment and How to Get Started Investing in Stocks: A Beginner’s Guide

7. Selling Digital Works or Products

Do you like to design logos, animations, banners, or even web templates, and so on? Don’t waste it because it can be a way to get a pretty promising passive income.
There are many sites that you can use to earn passive income from these digital works.
Starting from Creative Market, Freepik, Envato, Etsy, Sribu, and many more.
In addition to determining the target market for your work, don’t forget to pay attention to the originality of the work.

Well, that’s 7 ways to get passive income that you can really do from now on, both online and offline.
When choosing the types of passive income to be engaged in, make sure that this does not interfere with the main work. So they can run together without any problems.
May be useful!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.