Mika
VIP Contributor
Passive Income is not a method to grow rich, it is a way to diversify your income strategy so that you continue making money without doing hard work and create financial security. However, creating a passive income takes a lot of effort but the long-term gains make that effort worthy.
What is the best way to build passive income?
Should you sell courses or ebooks?
Should you set up a dropshipping website or a membership website?
Should you build a business and sell it, or invest your money in stocks and real estate?
When you want to build a passive income, you need to see if the method is proven to make money or not, if the method you are going to use is accessible to you or not, and whether you are equipped with the skills and knowledge required or not. You also need to see if you have the resources to start building this passive income or not.
You also need to be very patient. It might take before you start earning passive income.
What is the best way to build passive income?
Should you sell courses or ebooks?
Should you set up a dropshipping website or a membership website?
Should you build a business and sell it, or invest your money in stocks and real estate?
When you want to build a passive income, you need to see if the method is proven to make money or not, if the method you are going to use is accessible to you or not, and whether you are equipped with the skills and knowledge required or not. You also need to see if you have the resources to start building this passive income or not.
You also need to be very patient. It might take before you start earning passive income.