Friday 15 April 2022Maybe for some people who are already working and have been able to earn a large salary from their main job, they are usually satisfied because they feel that it is enough to meet the needs of daily life.
But there are also some people who have a basic job but with a small salary, and may not be able to meet their daily needs, to pay benefits, or deposit credit and maybe to pay their debts.
So how do we get extra money so we can cover our expenses? the answer is with passive income to increase our income.
Passive income itself may be familiar to investors, including millennials. Even now, many young people are struggling to build passive income to make money. In simple terms, passive income means passive income or income.
There are also those who interpret passive income as side income or passive income, meaning income that is obtained by doing very minimal activities.
Passive income is a good way to help someone make money without being active, even by lying down you can make money.
Then how do we get passive income with minimal capital?
1. Selling stock photos
If you have stock photos of good quality, you can sell them on the internet. Maybe you've downloaded photos from platforms like shutterstock, iStock, 500px and many more, you can sell your photos on these platforms.
2. Dropshipping business
Dropshipping is one of the most popular ways to make money on the internet. That's because you can sell without having capital and products. Dropshipping is an attractive source of passive income, especially if your business can make the transaction flow automatic.
Starting from restocking, ordering, to requesting delivery of goods. The way it works is you simply look for a supplier of a product on the internet, then market the product through your website or through marketpleace.
After that, if someone buys the product, you just have to order the product and send it to the buyer. That way you don't need to pay for inventory at all and you only need suppliers and platforms to market their products.
3. Digital artwork
If you like making logos, banners, invitations and NFt you can also sell them on the internet. You simply save your work on the sales platform and let the passive income flow.
Before you decide what work you are going to sell, first make sure who your target market is. For example, you can target new companies for your logo.
4. Join the affiliate program
Affiliate itself is one of the passive income that is very easy to do. You simply follow one of the affiliate programs and later this program requires you to promote a product or service. If your promotion is successful and leads to a purchase, then you will get a commission from the seller.
The way you promote can be via the website, social media accounts, to email. But of course you also have to remain patient until the promotion you do can hook buyers.
5. Create and sell e-Books
For those who have a hobby of writing, maybe you can also make it a passive income by writing about anything, be it fiction or non-fiction and then package it attractively in the form of an e-book.
You can learn how to write or create an e-book yourself and after you have made it you can publish it by sending it to a publishing platform like amazon KDP or publishing it on your own platform, for example you can sell your e-book on a website or social media account.
6. Sell physical products
Similar to droshipping, there are several ways to get passive income from selling physical products. For example, you can sell your used products on e-bay or other platforms.
You can also launch your own online store by utilizing the marketpleace platform that is currently available.
7. Create a blog
This is the easiest and most popular way for various groups to get passive income is to have a personal blog. Currently, there are many platforms that provide blogging facilities for free, so you don't need to create a domain name and pay for hosting.
The only capital needed is consistency and making sure you fill your blog with content that attracts readers and is shared with many other readers.
In order not to be too heavy, start by creating content according to your own hobbies, for example traveling, then you can become a traveling blogger and share your travel and adventure stories. And don't forget to share your blog content to other social media so that more people will visit and read your content.
That is the meaning of passive income and various ways to get passive income for you.
Indeed, there are many other ways to get greater passive income, but that is also with large capital, for example by investing.
Of course you also have to have capital for that, but there are also investments with small capital and can be done for beginners, you can read about it at my article on this one.
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Whatever passive income you choose, adjust to your abilities and your interest in doing it, it will make it easier for you to get maximum results.
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Thank you for reading and I hope it is useful for you.
I love your article my dear Zach congratulations for having a new one❤️