3 Best Passive Income Ideas That You Must Know

 

1. Creating a blog

Starting a blog can be a challenging venture, but the blogging business model is only becoming more successful as a passive income stream. It takes a little bit of time to build a blog. But if you create quality content and promote it through your platforms, you’ll build an audience big enough to generate a significant income stream.

You could earn passive income from blogging by:

1. Selling affiliate products

2. Creating sponsored posts

3. Selling your own products

4. Running ads through Google AdSense

You don’t need any design or coding skills to start a blog. You can start with blogger.com and test it by your own. It’s not really difficult to understand.

You’ll need to invest time into creating a marketing strategy and producing and promoting the content, but know that your efforts will be rewarded: the return on these passive income investments can be upward to $10,000 per month, depending on how you monetize your blog.

2. Creating online courses

It’s easier than ever for educators to sell courses online. Whether it’s marketing, illustration, or entrepreneurship, you can create pre-recorded courses and start selling with few limitations. Similar to digital products, you can sell online courses repeatedly without holding any inventory or stock, generating passive income.

Teaching online requires some upfront investment in time. You’ll need to outline your course, record it, and create downloadable assets like templates for students to walk away with. And then you can promote your course through all kinds of social media that people in your own country mostly use. For example, Cambodian mostly use Facebook, so we can promote through Facebook boosting post. And we will be able to  offer a number of people who are really in need of the skill.

3. Creating a YouTube channel

Even though creating a brand new YouTube channel is hard to meet the target (1000 subscribers & 4000 hours watch time), but it still has many people get success with it. It’s always difficult at the starting point, but after you reach the target, you will be very happy with that extra income that you never ever wished for. Tell yourself, "I will never give up until I get success with that." Money does not come in easy ways; it needs your real sacrifice. Anyway, it will always come when your ability is at a high level. Thus, continue making videos and uploading them to YouTube frequently; you’ll be able to do this if you really commit to it. Many people make at least $1,000 every month from their YouTube channels.