Mika
VIP Contributor
A lot of people believe that building passive income means making money without any great effort. Well, that’s what you hear from these online gurus. However, this is just a half-truth.
In order to build a stable passive income source, you either need to be highly skilled, or you need to have a lot of money.
Blogging, Affiliate Marketing, Writing Books, Dropshipping, Youtube, Print-On-Demand, etc. are some of the highly recommended passive income sources. However, in order to generate passive income sources from these activities, you need to be highly skilled in multiple areas. For instance, to become a YouTuber, you need video making, SEO, and digital marketing skills
If you do not have professional skills, the only way to build passive income is through business (a business that is entirely automated or you have a team to work for you) or investment in the stock market, real estate, or crypto. In order to build passive income through these methods, you need a lot of money.
In order to build a stable passive income source, you either need to be highly skilled, or you need to have a lot of money.
Blogging, Affiliate Marketing, Writing Books, Dropshipping, Youtube, Print-On-Demand, etc. are some of the highly recommended passive income sources. However, in order to generate passive income sources from these activities, you need to be highly skilled in multiple areas. For instance, to become a YouTuber, you need video making, SEO, and digital marketing skills
If you do not have professional skills, the only way to build passive income is through business (a business that is entirely automated or you have a team to work for you) or investment in the stock market, real estate, or crypto. In order to build passive income through these methods, you need a lot of money.