PASSIVE INCOME

-Himanshi Tiwari

 

Have you lost your job or your boss is not giving you enough salary by which you can Netflix and chill during a pandemic? Everyone heard the phrase "Time is Money", and it gets prove when you invest your free time to work and earn money. But, just by sitting on the sofa and cursing coronavirus for the lockdown, you will not get anything apart from headache or stress.

So, What can we do now? We can earn money without giving too much effort and time to the sources and yes, it is possible by passive income. Passive income allows you to get regular earnings by  exploring your talents, providing your dispensable things to needed ones, using your business skills, and many others. It is free from the restriction of age, degree, multiple skills, etc. Without investing too much money and time, we can easily get profit from the things which we usually in our hustle life.
 

TOP IDEAS TO MAKE PASSIVE INCOME 

1. Network Marketing

It is a day to day growing business in which companies like Amway, Herbalife Nutrition, Nu Skin Enterprises, etc. pay the employees to sell their products and depend on the network of distributors to grow it.

This can be done in the following ways:-

• Single-tier:- This can be done by becoming the only intermediator between any company and customers. Many companies like Avon, pay-per-click, etc. hire the person to sell their products directly to the customers.
  

• Multi-level:- Multi-level involves more than one person to explore the business. In this, companies use to motivate the existing employees to recruit new distributors and they are paid as per their recruit’s sales.
  

2. Sell a book

If, you identify yourself as a writer. Then, from your talent, you can earn money by writing a book and selling it. Nowadays, many sites allow us to upload e-books and as many readers read, you earn money based on its sales. Apart from this, we can sell our audio-books which help people to listen to the whole book even when they are busy and especially it is best for blind people.

3. Build a website/ an app

Are you a geek and love to code? Today almost everything is computerized and tech giants like Google, Facebook and Microsoft are dominating the world market. As technology is evolving the need for programmers is increasing. So, if have a piece of good knowledge in programming languages then you can easily make use of it and make money. Just make an app/website and sell it to a company as they would want to take their business online. This could make you a good amount of money.

4. Rent dispensable things

See around yourself, got something that you do not use that much but you can give it on rent to needed ones. Things like car, house, television, etc. which we can offer to others and earn money.

5. Blog

Does your blog attract a considerable amount of visitors and you want to earn some money? Yes, the answer is yes it does.
There are ways which can opt to generate some extra income by following ways:-

• Affiliate marketing:- When you recommend or promote some product or services to your visitors. So, whenever a visitor buys the product, you get a special commission.
  

• Advertisement:- You can activate Google AdSense to start displaying ads in your blog. This is different from affiliate marketing because you do not have to contact the company to promote their stuff. Advertisement pay for the number of views for the ad.
  

6. Movie Critic

Do you watch movies every weekend? Then, you can give reviews and earn money by just writing, whether it is worth watching or not. There are many following ways through which you can give reviews on movies:-

• Blog:- Start your blog and give an unbiased review for every upcoming movie.

• Website:- You can make your website for posting good movie reviews and can earn money.
  

• Newspaper/ Radio station:- At a newspaper or radio station, you can publish the reviews for every movie so that it can be easily reached to the readers or listeners.
  

7. Surveys

There are many companies, organizations, brands, etc. which constantly seek for views or opinions from the people, for that they organize surveys and pay for it. They use this survey for the betterment of their companies or organizations. There are many online survey websites like Swag bucks, LifePoint, One Poll, Inbox Pounds, etc. through which you can earn money.