Investing in real estate is a good way to earn a passive income. You can invest in residential real estate, commercial property, or even real estate rentals. The best part is, you can do it without putting a large down payment on your property.
How can I generate 1 million passive income?
Investing in the stock market is also a great way to generate a passive income. You can buy dividend-yielding stocks and combine them with brokerages. You can also invest in index funds for better returns.
Creating an online course is a great way to generate passive ways to make money of income. You can create an online course on a variety of topics, and then sell it for a fee. You can do it yourself, or hire a team of developers to do it for you.
Writing an e-book is another passive source of income. You can publish it on Amazon or Barnes and Noble, or use services like Kindle Direct Publishing to self-publish. You can also list your book on websites like Waterstones.
Using your smartphone to take photos is a great way to make money. You can find a few places online that will sell your photos for you. You just need to have the right equipment and skills.
Buying and selling digital art is another great way to generate a passive source of cash. Many people are willing to pay for a high-quality piece of art. You can even offer to sell your digital creations to other people, and in return you get to keep a cut.