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Proven Ways To Make Passive Income

Proven Ways To Make Passive Income

Passive income is money earned with minimal activity through a variety of ventures which require little daily effort or upkeep on the individual's part. The initial downtime you put into passive income can be as involved as starting a blog or as simple as logging into a robo-advisor platform and investing $100.
Credit: awai.com
 Let’s be honest, if you want passive income for life, you have to get to the point where your assets are earning for you (even while you’re sleeping). But first, you’ll have to put in one of three things: time, money, work, or all three. 
You just need to know where to start and decide what resources you’re willing to expend for your passive income ideas to take flight.

Airbnb

Credit: airbnb.com

 airbnb allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. Their site breaks rentals into three categories: private room, shared room, and entire home. Airbnb charges you 3% on every booking for their services, and you receive payment 24 hours after your guests check in. Wherever you are, you can make money on space in your home that might just be sitting empty otherwise


Start a blog

credit: neilpatel.com

   

The most important method for generating passive income is to start a blog. Blogs can generate a tremendous amount of income, but not quickly. If you plan to start a blog, understand that it's going to take a vast amount of work and time to succeed.Regardless of your niche, as long as you have a clear understanding of things like searching engine optimization, social media marketing and the ability to write high-value content, then you will succeed with a blog. Once your blog becomes popular, it provides you with the platform and audience to generate multiple streams of revenue by marketing relevant products and services to your visitors.

Create an Online Course or Guide

credit: udemy.com

 

One very simple way is to produce and share your course is teachable.com. Teachable has over three million students and is a great way to get your content in front of others.
What do you put in your online course? Good question. You can add:

  • video lessons
  • checklists for completing steps you recommend in your video lessons
  • small ebooks to supplement the lessons
  • audio files for people listening while traveling
  • informative interviews with like-minded experts
  • and a whole bunch more!
Pro Tip: Create several packages at different price points. Some people want everything, so you can include ‘the works’ for the highest price point and have two lower price points so you can receive the largest possible volume of orders.

Carvertise: With Carvertise you could earn up to $1200 during an ad campaign and can usually expect around $100 a month, just to use your car as ad space. Check out their site to see if they’re currently advertising in your area.
Wrapify:  Wrapify operates a lot like Carvertise, but differs in how you get paid. With Wrapify, you track your mileage and location. The more you drive, the more ads you qualify for, and the more money you make, which can add up to $200 a month.
Vugo: Vugo is an awesome way to earn passively alongside rideshare driving. All you do is mount a phone or tablet to your dash and play ads, games, and videos. The app is compatible with Google Maps and Waze. Drivers can earn up to $200 more a month playing the ads, and there’s a driver tipping feature built in.

credit: warpify
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