How to build a passive income?

[Imran Noori]

Nowadays one of the best ways to make money online is passive income, this method of money making is used by many people and some are making a living through it.

There are different ways that you can build a passive income.
YouTube is a passive income stream where you make video and post it on YouTube then you will start earning for every view that you get.

Blogging is also a passive income stream where you share content in it, when people visit your blog, you will earn from it if you monetize it, as your blog visitors increase your income will also increase.

Affiliate Marketing is one of the best streams of passive income, you can earn as an affiliate by sharing a link with your audience and earn for every click or every purchase that they make.

Article writing is also one of the ways that someone could build a passive income out of it, there are some websites which will pay you for views that your articles get, you need to write articles and do nothing else just wait for your audience to read the articles and you will get paid for that.

What other passive income streams you know about? Share it with us.

 

[Hasan12]

Building a passive income typically involves creating a source of income that requires little to no active effort to maintain. Here are a few ways to build passive income:

1. Invest in dividend-paying stocks or mutual funds. This can provide a steady stream of income without the need to actively trade or manage investments.
2. Create an online course or ebook and sell it on platforms such as Udemy or Amazon Kindle. Once the initial work of creating the course or ebook is done, it can continue to generate sales and income with little ongoing effort.
3. Rent out a property on Airbnb or other vacation rental platforms. This can provide a steady stream of rental income without the need to actively manage the property.
4. Invest in a peer-to-peer lending platform. This allows you to lend money to borrowers and earn interest on the loans, with the platform handling the management of the loans.
5. Create a YouTube channel and monetize it through ads and sponsorships. As the channel grows, it can continue to generate income with little ongoing effort.
6. Invest in a REIT (Real Estate Investment Trust) which allows you to invest in a diversified portfolio of properties and earn passive income through dividends and capital appreciation.

It's important to note that passive income streams may require a significant initial investment of time and money to set up. Also, it's important to do your own due diligence, research, and consult a financial advisor before making any investment decisions.