Top 20 Ways To Generate Passive Income
Hello Everyone! Welcome as you all can see in the title that it is the second part of Passive Income- Top 20 ways to generate passive income. In which I have talked about the 5 out of 20 best ways to generate passive income. So, If you haven’t read it yet click Here to read that first by clicking here and then move on to this one. So, now let’s begin as I have already discussed what passive income is? And everyone knows that it is a type of income that keeps on generating by itself once you have done the work. Or it is the income that comes from the sources other than your regular income. And it does not need your regular attention also. As we have already discussed all that hence, no need to repeat it. Let us move on our main focus and provide you with some other more awesome methods of passive income. So, let’s get started.
6. Domain Business
This method is another proved method for generating a good passive income. In this method what we do is that we purchase a domain from a domain seller website and then put it on auction on an auction website for domains. And for the information of new people in this field. I would like to tell that domain is a web address of any website like www.xyz.com.
Now the thing comes to mind that how this method will be profitable or how can we generate passive income by purchasing a domain. So, here is the answer to this. Actually, this method works in the way of purchasing at a low price and then selling it at a higher price. So, you can sell according to your need and satisfaction. And one more thing to keep in mind that you don’t have to purchase any domain randomly. You have to purchase those domains which can be sold at a higher price after some time.
Now how will you find whether it is a useful domain or not? So, there is a way. Whenever you go out in your city just look around some new buildings and under construction companies or hospitals or anything that you think will have a website in the future. Find out the name of that thing whether it is a store, hospital, office etc. Go home and open the Go-daddy website and check whether this domain of their name is available or not. If it is available just purchase it as in future whenever the owner of those things will need a website, he or she will definitely contact you through your auction website to purchase the domain on the name of their business. And you can make a reasonable money by making a deal with them. And the price of that domain can be much higher than you have spent on it. As it is up to you and the size of the organization that is purchasing it.
Dropshipping is a very good method of generating passive income. In the dropshipping what you have to do is that you just need to pick up a product from an E-commerce website and post it for selling on the other websites with some increase in price. And that increment in the price will be your profit. By doing so you are making a continuous source of passive income as you will have to earn every time someone purchases your product.
And one more portal is there where you can get money for your talent. The portal is Fiverr, on this website you can create a gig of the work in which you are an expert. Then people will visit your gig and give you order of the work for which you have posted and you will get your money when you will complete that work. Fiverr is a very large topic to share here. There is a lot more about it. For now, just keep in your mind that Fiverr is a great website and people are earning thousands and even lakhs from there. And that is just because of the work in which they are awesome.
8. Sell your Talent
Now, this is the method for some talent holders. As everyone has some talent or the work in which he or she is awesome and loves to do also. So, how will you sell your talent as no one cares about it? No problem I have feelings, for your talent, not for you. Jokes apart, As talent is of many types I will talk about only one of them here. And it is Photography.
Photography is a great talent as it is an art that puts felling in the pictures. So, how will you sell your photos? There are many online portals that do this work. One of those outstanding portals is Shutterstock. You can sell your best pictures on the Shutterstock. And this will make money for you every time someone purchases your photo. Will update other talent selling plans soon.
And one more portal is there where you can get money for your talent. And that portal is Fiverr, in this website you can create a gig of the work in which you are an expert. And people will visit your gig and give you order of the work for which you have posted and you will get your money when you will complete that work. Fiverr is a very large topic to share here. There is a lot more about it. For now, just keep in your mind that Fiverr is a great website and people are earning thousands and even lakhs from there. And that is just because of the work in which they are awesome.
9. By showing ads on your blog and website
As we all know that making a website is not a big deal nowadays as there are lots of platforms that are offering many simple ways to make a website. And you can also make a blog with any of the available platforms like blogger.com, wix.com etc. Now how will you show ads? After making a website or blog you just have to apply for the AdSense account approval.
Now, what is AdSense? Adsense is a Google service or platform which allow you to show ads on your website or blog. And in return, you get money every time someone clicks that ad on your website or blog. You will get some money per click. And hence, this means more clicks, more money, more enjoyment.
And one more thing you can also apply the method No.3 And No.4 from the previous post of this series on this one. Means you can do all the teo at the same time. Which will make your earning thrice. But for this method, you have to hold patience. But once you start earning there are no limits. Once you place an ad on your website, it will get clicks everytime people to visit your website and everyone knows that this will not end in today’s digital world.
10. Join Appen
Now, what is Appen? Appen is a portal that provides you with a full-time or part-time job depends on your interest. Appen is a portal that periodically posts for the job vacancies on its official website and you can apply to those jobs easily by visiting the website here. And then they will contact you if you will be shortlisted for any job regarding some tests. Don’t worry they will just try whether you are able to do the work or not. But believe me, that is the test is damn easy. You will be provided with all the instructions, you just need to follow them.
Now the question comes that how much will they pay? Actually, their payment is basically different for all the projects you will be assigned. But the average pay is about 3 to 4 USD Dollar per hour. And you will receive your payment through the Paypal. There are a lot more interesting things that you can find out by visiting and get registered with them. Appen is awesome with great pay and working flexibility. And it is possible for everyone to just bring out one complete hour out of 24 in the whole day.
So, now our count becomes 10 as we have discussed 10 methods for generating passive income. And I hope you all will like it and would love to learn through it. Those are the ways which anyone can use to make some extra income. Mostly the students who are always in need of more and more money. Thank you all. And if you have any doubts feel free to ask them in the comment section. And please share if you like it and do comment.