What is this passive income? Well, right now you are reading a resource that has worked for me as such: this blog. There are very few days left until the end of the year and one of your resolutions for the New Year should be how to generate more constantly and without investing so much time.
I will begin by explaining what they mean when they speak of “passive income” , and it is that surely when you hear the name you must imagine it; It is about the economic income that you obtain on a recurring basis with a single effort, and that will later grow even while you are sleeping.
Many make the mistake of saying that passive income doesn't require much effort, and it doesn't . After launching them, the income itself begins to generate, but the design of this liability also cost time, creativity and investment.
Liabilities for 2021
Create a blog
What I was talking about at the beginning, I started this blog with a single objective that was to help people who, like me, were so thirsty for information on digital marketing issues. It grew so much and became a reference content in the sector that now works as a passive income for me. And you ask yourself, but in what way Devansh?
You can include affiliate links, courses, advertising, sponsored posts, etc. in your articles. If you go and take a look at the buttons on my website you will find the infinity of resources that I have at your disposal, free and paid. And if you look at the OrigaZoom, there are all the school's training courses that work as passive income on a daily basis. So here we put an end to the rumor that it does not require so much effort, do you know how long it takes us to create each one? So nothing is further from reality, it requires a lot of dedication at first and then that sacrifice will be transformed into a constant income.
Mobile apps
It can be a little more expensive, I know, or more difficult to do but not impossible. If you are a developer or you know someone who can help you get started, this is an excellent option to have a recurring income. Because it can be a paid or free app and with passive income through ads.
Related content: 140 Ways To Make Money With Examples From Zero To Millions
Affiliate Marketing
This is the liability that is most talked about in marketing, here businesses pay you for each sale that is referred from your website. But it does not work just like that, you must be well known and have a very good platform for this to work correctly and yield the desired results.
Design resources and payment formations
At the point of the blog I mentioned it, these are my favorites because together with my team we have designed that. An extensive library of complete formations that are sold on a recurring basis (even while we are sleeping). From workshops to full specializations in regards to the area of digital marketing.
Open a Youtube channel
It also doesn't generate income overnight, and here the myth that it doesn't take much effort is broken again. Because in order to make your channel a passive income you need to share quality content. YouTube pays for views and subscriptions, and your videos must be really good if you want to get the audience to trust you.
Invest in Ads
"Hey Devansh but I have to spend ", well yes. You must spend on advertising and you will see that you will not have any loss, on the contrary, the investments will triple if what you are offering is good and if the optimization of your campaigns is correct. I have a lot of information and resources on this blog, do you dare to take a look?
Advantages of having passive income
- Financial freedom and safe savings.
- It works like a "plan B" in case you already have an established job.
- You have the opportunity to have another lifestyle thanks to being able to earn money investing less time.
Do you implement another action in your business as passive income? Let me know in the comments. 😉
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