Earn Money How to make passive income

[Thandomilly]

To understand how to invest, you must first determine your investment goals, when you need or want to achieve these goals, and your risk tolerance for each goal.
Long-term goals: The common goal is usually to retire, but you can also have other goals: Do you want a housing down payment or tuition? Are you buying the holiday home of your dreams or taking an anniversary trip in 10 years?
Short-term goal: This is the holiday next year, the house to buy next year, the emergency fund or your Christmas piggy bank.

Decide how much help you need
Once you know your goals, you can start to delve into the details of investment (from choosing the account type to the best place to open an account, to choosing investment tools). However, if the DIY route doesn’t sound like your cup of tea, don’t worry.
Many savers prefer someone to invest for them. Although this used to be an expensive proposal, today it is very affordable-even cheap! -Due to the emergence of automated portfolio management services (also known as robo-advisors), hire professional help.
These online consultants use computer algorithms and advanced software to build and manage client portfolios, and provide everything from automatic rebalancing to tax optimization, and even get human assistance when you n eed it.

 

[Jupiter147]

I believe you can build a Shopify store if you are willing to put in a lot of effort. Drop-shipping is one of the most profitable online businesses. You simply choose things that are within your budget and sell them on your Shopify store for a small profit.
And you may make money by having the website (where you saw the merchandise) deliver the product to the consumer when someone uses your website to buy it. You won't even have to touch the merchandise this way.
Keep in mind that it takes time to get started. To get it up and going, you'll need to set up a lot of stuff.
Thank you very much. Continue to work hard.

 

[kayode10]

I think the first thing someone needs to do is to look for a business model that can being passive income for you. After that you can come up with a plan on how to establish that business model and generate consistent income with it. it is important to acquire knowledge about that passive income before you start so you will not lose money.

 

[Chibson]

Making passive income is something that a lot of people want to do presently. One beautiful thing about passive income is that you make money even when you sleep. there are a lot of passive income methods if you can venture into. I think the piggyvest you're talking about is a legitimate platform but have not tested before.
You can also start Amazon Kindle publishing and make money passively.

 

[kayode10]

You can make passive income by selling high in demand digital products on classified websites like ebay craigslist Gumtree etc I like eBay for the fact that you can integrate your PayPal account to receive payments from the buyers. You can say a game key on the platform and earn good profit.

 

[tawsifsami]

To understand how to invest, you must first determine your investment goals, when you need or want to achieve these goals, and your risk tolerance for each goal.
Long-term goals: The common goal is usually to retire, but you can also have other goals: Do you want a housing down payment or tuition? Are you buying the holiday home of your dreams or taking an anniversary trip in 10 years?
Short-term goal: This is the holiday next year, the house to buy next year, the emergency fund or your Christmas piggy bank.

Decide how much help you need
Once you know your goals, you can start to delve into the details of investment (from choosing the account type to the best place to open an account, to choosing investment tools). However, if the DIY route doesn’t sound like your cup of tea, don’t worry.
Many savers prefer someone to invest for them. Although this used to be an expensive proposal, today it is very affordable-even cheap! -Due to the emergence of automated portfolio management services (also known as robo-advisors), hire professional help.
These online consultants use computer algorithms and advanced software to build and manage client portfolios, and provide everything from automatic rebalancing to tax optimization, and even get human assistance when you n eed it.

That's a nice idea. But you can also make some money from sites by watching YouTube videos Then you can use that money on Investing!!!

 

[MOSIUR]

There are different places from where you can earn money passively. Through affiliate programs, referring or inviting others, connecting or joining social media, you can earn money passively. Besides, investment plays a vital role for passive income. If you have the capability to invest money, you will be able to earn extra money as passive income very easily.

 

[kayode10]

You can also make passive income by setting up a blog in an obscure niche. I have a friend who set up a blog on fence and he is receiving lot of traffic because they need is less competitive and there are only few people talking about it on the internet. The blog keep making money for him even in his absence.

 

[Skysaint]

One of the methods from which you could earn passive income is through referral programs. All you need to do is to invite many people as much as you can and when they earn from the program some percentage of their earnings will be allocated to you thereby making you earn passively and the pay is normally good.

 

[kayode10]

You can make passive income by engaging in real estate investment. You must develop a skill on how to spot a profitable property in obscure location. the next thing is to turn this property into rentable and give it out to tenants. You can apply for mortgage to buy out this property why you repay back with the rent and earn passive income.

 

[Dowenship]

To understand how to invest, you must first determine your investment goals, when you need or want to achieve these goals, and your risk tolerance for each goal.
Long-term goals: The common goal is usually to retire, but you can also have other goals: Do you want a housing down payment or tuition? Are you buying the holiday home of your dreams or taking an anniversary trip in 10 years?
Short-term goal: This is the holiday next year, the house to buy next year, the emergency fund or your Christmas piggy bank.

Decide how much help you need
Once you know your goals, you can start to delve into the details of investment (from choosing the account type to the best place to open an account, to choosing investment tools). However, if the DIY route doesn’t sound like your cup of tea, don’t worry.
Many savers prefer someone to invest for them. Although this used to be an expensive proposal, today it is very affordable-even cheap! -Due to the emergence of automated portfolio management services (also known as robo-advisors), hire professional help.
These online consultants use computer algorithms and advanced software to build and manage client portfolios, and provide everything from automatic rebalancing to tax optimization, and even get human assistance when you n eed it.

Best way to make passive income in my own understanding is by ensuring you have more than one income... No matter how little or small the business you are doing is bringing your income, don't depend in just one business...

 

[kayode10]

To create passive income for yourself you need two things. First you need other people's time and other people's money. Utilise other people's time by hiring them to do the work on your behalf. you make use of other people's money by borrowing from them to finance your business and make profit in return. This is how to create a passive income.