What are common ways to build passive income?

[Mika]

Generally speaking, you can build passive income through three methods:

Investment: Investing is one of the easiest ways to build passive income. You can put your money into things like real estate, stocks, bonds, Mutual Funds, ETFs, cryptocurrencies, etc. to earn passive income without actively working.

Create a product: You can also generate passive income if you create a product that sells. Your product could be ebook, software, digital products like templates, blog, vlog, etc.

Business: Another way to earn passive income is by starting your own business. In the beginning you will have to work hard but gradually it will convert into passive source.