So today let’s talk about the top ways to make passive income. Passive income is just income that you don’t put in direct effort to make. This is the dream of most waking up, and receiving money on your phone without putting in direct effort. So before I continue anymore let’s start with No.1
Fiverr is a community online where people upload services they can do for you, for a small payment like 5 bucks to something like 200 bucks. So basically get something you know like sewing to website design and so on and put your gig up and get paid I have seen people earn something like 100,000 dollars just from gigs alone. You don’t even have to know a skill parser, some people just upload things like I will read your fortune another one I will tell you the secret to happiness. It’s funny I know but that’s the world we live in.
So I know you have always heard it’s too late to start a YouTube channel but the truth is people have been saying that for a long time even when YouTube was just new. So if know a really good thing you know and like watching then you are golden. I have seen channels in their first year, getting something 1000 subscribers and something 10000 bucks that year. It’s possible when I always go on YouTube; there are channels I don’t even know with 5 million to 10 million subscribers. So don’t worry just start and it will grow beyond your dreams.
If you haven’t yet heard of it dropshipping is where people find a product and try to sell to people and only buy the stock when someone orders it. The global retail market is worth around 26 trillion dollars and that of the U.S alone is worth 5 trillion so if get a small fraction of any that is money in the bank. And I have millennials making over I million dropshipping from their laptops. And they are several free courses available on YouTube to learn in not more than a week if you are slow.
This is just a website where people upload courses of the skill they know like graphic or even an MBA. Pretty much everything is there. And they anywhere from 5 bucks to even as high as 1000 bucks. And I know very many people who make theirs solely out of Udemy. You can make something like 10000 to 100000 per year if you are serious. All you need is a laptop, microphone and a good phone to record.
- Selling Merch
If you are creative then this is for you. All you have to do is just create a design ad upload it to sites like Merch on amazon, redbubble or tee spring and it will be printed on t-shirts mugs bed sheets pillowcases, etc. And if someone buys your product you will receive a percentage of that. You can earn a supplementary income of around 1000 dollars per month. You don’t even have to be good at drawing or designing.