Who wouldn't want an extra source of income? #passiveincome
Here, are the top 8 ideas for Passive income π°
A Thread π§΅π
1/ Graphic Designing-
Today, content is the new king. Everyone on social media are creating hell no. of contents and require people who can create attractive images, posters, etc for them. Demand for graphic designer is increasing. Learn graphic designing and work as a freelancer
2/ Web Development - πΈοΈ
If you know how to develop websites or apps then you are gold. You don't have to create huge website, just some simple template-based websites.
For example : The hotels in india have pathetic websites. You can start a small business by making template based websites for them. Charge them a monthly fee. Increase your client base. Even if you have 50 such clients and charge them Rs. 500, then you are earning Rs. 25000.
3/ Building an App -
Learn how to build apps. Build apps directly for the consumers. For example - Make simple app such as apps which sends motivational quotes, jokes, etc everyday to the consumers. List that app on the play store for a ridiculously low price.
4/ Create Courses -
If you have some specialized knowledge about some niche, then you can create a course for it. If you know how to crack engineering exams, create a course for the same, for the people who want to crack those exams. Sell the course online for a small fee.
5/ Video editing-
Video content creation has exploded. Everyone are making content through videos and require people who can edit their video. Learn video editing and work as a freelancer for the content creators.
6/ Content writing - βοΈ
If you are good at writing then you are also a gold. There is a demand for content writers because there is a demand for content. You can write short posts on social media, articles on LinkedIn, write scripts for video content creators, etc. #blogging
7/ Affiliate marketing-
If you have a network of people, then you can run your own affiliate program. This means that if you promote any product in this group or network and if someone buys that product using that link, then you get a commission. #affiliate
8/ Sell E-books -
If you know anything that can be converted into a book, even a small pdf, then you can create an e-book and sell it online. For example : You can create a 5 page e-book about how to loose fat. Create it and sell it online or on your network. #earn
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Money mistakes that stop you from becoming 'Wealthy' π°
A Thread ππ
1/ Cutting expenses rather than increasing income -
You cannot become rich just by cutting your expenses. Cut your wasteful expenses but focus more on increasing your income. Passive income is one of the way.
Passive income ideasπ
2/ Not valuing time - π
People keep wasting their valuable time on things that will not make them rich. Invest your time in gaining specialized knowledge, so that you can increase your income. Convert your time into money. #money#investing#finance