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Ibrahim Mustapha Blog of Wednesday, 11 January 2023
Passive income is a great way to earn money without actively working for it. It can help you reach your financial goals, such as saving for retirement, paying off debt, or building wealth. In this post, we'll discuss nine passive income ideas that can help you easily make $100 or more each month.
1. Dividend Investing: Investing in dividend-paying stocks can provide a steady stream of passive income. You can choose to invest in individual stocks or exchange-traded funds (ETFs) that pay dividends.
2. Peer-to-Peer Lending: By lending money to individuals or businesses through a peer-to-peer lending platform, you can earn interest on your investment.
3. Rental Properties: Owning rental properties can provide a significant source of passive income. You can choose to be a hands-on landlord, or hire a property management company to take care of the day-to-day tasks.
4. Affiliate Marketing: By promoting products or services through an affiliate marketing program, you can earn a commission on any sales made through your unique affiliate link.
5. Dropshipping: Starting a dropshipping business can be a great way to earn passive income. You can sell products from a supplier without ever having to hold inventory.
6. Online Courses: Creating and selling an online course can be a great way to earn passive income. Once you've created the course, it can be sold over and over again, generating income for you.
7. E-books: Writing and publishing an e-book can be another great way to earn passive income. Once it's finished, it can be sold on multiple platforms, generating royalties for you.
8. YouTube: Building a YouTube channel can be a great way to earn passive income. You can monetize your videos with ads, sponsored content, or by promoting products or services.
9. Invest in a Business: Investing in a small business can be a great way to earn passive income. You can become a silent partner, and receive a share of the business's profits without having to actively manage it.
These are just a few ideas for earning passive income. By exploring different options and finding something that suits your skills and interests, you can start earning money without actively working for it. Remember to always do your own research and due diligence before investing in any opportunities, and diversify your investment portfolio, so it’s not heavily dependent on one source.
