Passive income is money you earn with little effort. Warren Buffett the father of investment said, " if you don't find a way to make money while asleep, you'll work until you die". With passive income, you can literally earn money in your sleep. . Keep in mind though that most passive income takes a lot of work upfront hence time and resources would need to be invested to begin but eventually your passive income streams would start snowballing and could even surpass your monthly income sources.
This is why I'll like to show you my top list of passive income ideas in 2021
1. Affiliate marketing
Affiliate marketing is one of the major ways to make money passively online. It involves recommending a service or product to a buyer and getting a commission for any purchases made. You don't need to have any product or provide any service, all you need is to connect the consumer with the business through your affiliate link.
2. Creating an online course
If you have any skill, you can easily create a course and upload it on udemy or skill share and start receiving money for teaching your skills to others. You just have to create the course once and you get a continuous pay anytime someone consumes your course.
3. Selling images
Another way of making money online is through selling photos. A lot of us post nice pictures of facebook and instagram for and complain of a few likes when we can sell these same pictures and make money from them on getty image or shutterstock.
4. Buying stocks
The stock market is still a very profitable niche to make money today. The stock price of zoom was around $70 in January 2020 and has risen to about $280 today. A right knowledge of stocks could help you passively earn some cool cash in the nearest future and you can easily purchase these stocks on your smart phone via bamboo or trove.
5. Investing in crypto currency
Just as the internet boom was seen in the 1990's and early 2000's and many people watched it without harnessing it. Today the block chain technology has opened a new door for us to safely invest in a future generation technology. The crypto currency market is one of the largest in the world today and you wont want to be left out. Note that sufficient knowledge is needed before venturing into crypto currency as there are a lot of scams around.
There are many more ways to make money online but these are my recommended suggestions for today and always remember that sufficient knowledge is needed before venturing into any niche.
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