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7 ways to make passive income of all time

Passive income is revenue you earn, even when you aren’t actively working; it gives you the ability to make money on auto-pilot i.e. make mo...

Passive income is revenue you earn, even when you aren’t actively working; it gives you the ability to make money on auto-pilot i.e. make money while you’re sleeping.

You may create and develop a product or a service and automate it in some way (but it could be in real estate or investing as well.)

The great thing about passive income is that once you've invested the energy, time and money at the beginning to set it up, there’s little or no upkeep to that investment in order to maintain the income stream.

1. Make YouTube videos

This is a venture that is growing rapidly. You can create videos in just about any area that you like – music, tutorials, opinions, comedy, movie reviews – anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense.

The keys will be to create compelling videos, to promote those videos on social media websites, and to create enough of them that your income will be coming from multiple sources. There’s a good bit of work that goes into creating videos, but once a video is done it can become a completely passive cash flow source for a very long time.

I started creating two YouTube channels from 2003 on fitness and dating niche, catching up an average of 2 million views a month, since then the passive income per month is 7800 usd.
Related post: 10 tips to get 2 million views per month on your YouTube channel

2. Start a blog and make money Adsense

One of the simplest ways to start making passive income is to start a blog. Now, it’s far from the simplest way to start making a lot of passive income but there are a lot of very good options for how to monetise things. It can also serve as a platform to launch other, potentially more profitable ventures.

The hardest thing with a blog is finding a decent niche. To be really successful, you need to write about something you’re an expert on that isn’t already too saturated.

You can try and start another travel blog, but every twenty-something who’s visited South East Asia has one; the market is so saturated that it will be very difficult for you to stand out and start making money. Instead, if you find something you’re interested in that is underserved, you’re far more likely to be able to carve out a space. You’ve a far greater chance of making money with a blog for vintage BMW owners than another generic Thailand travel guide.
Related posts: 3 steps to create your first blog with domain
3. Sell an Ebook

Writing and publishing an eBook has become a widely popular means of earning passive income in recent years. eBooks on non-fiction topics like online marketing, business development, career advice, and the like are especially successful. While fiction eBooks are also good sellers, the market for them is much more competitive as compared to non-fiction ones. Once you’ve written an eBook, you can put it up for sale on platforms like Amazon’s Kindle Direct Publishing or Apple’s iTunes Connect.

I started selling the first ebook from 2016. I hired 3 writers at a cost of 740 usd then I uploaded this ebook to Amazon Kindle. Amazon has a huge customer base so I do not have to spend any marketing costs. Currently this ebook gives me 150 usd per month.

You do not even need writing skills to sell ebooks, even if you can start a business by setting up a book publishing company.
Related posts: 10 tips to make money by ebook

4. Become an affiliate

Affiliate programs pay you in exchange for sending them customers via your website, blog, or social media channels. The best-known example of a popular affiliate program is Amazon, which pays "Associates" commissions of up to 4 - 10 percent or Clickbank affiliate network ( commissions of up to30-75% ).

Here's how it works: Say you run a food blog where you showcase your favorite recipes. People who read your blog are likely interested in all things cooking: cookware, cookbooks, kitchen remodeling — you get the picture. If you include an Amazon affiliate link to a mixer you're using, for example, you'll earn money any time a visitor clicks through from your blog and makes that purchase. 
Related posts: 14 tips to make money by affiliate marketing

5. Create an online course.

Everyone is an expert at something. Why not create an online course about your passion?

There are a number of ways you can produce and host your own online course. One very simple way is to use a website like Udemy as over eight million students and is a great way to get your content in front of others for their consideration.

Once you create an online course, it can work for you while you sleep!

What do you put in your online course? Good question. You can add video lessons, checklists for completing steps you recommend in your video lessons, small ebooks to supplement the lessons, audio files for people listening while traveling, informative interviews with like-minded experts, and a whole bunch more!

In fact, you can create several packages at different price points. Some people will want everything, so you can include ‘the works' for the highest price point and then have two lower price points so that you can receive the largest possible volume of orders.

Related posts: 16 Tips on how to make money on Udemy

6. Buy a blog.

Thousands of blogs are created every year, and thousands are either completely abandoned by their owners sometime afterward. If you can buy blogs with a reasonable amount of web traffic — as well as a demonstrated cash flow — it could be a perfect passive income source.

Most blogs employ Google AdSense, which provides a monthly revenue stream based on ads that Google places on the site. There may also be affiliate programs generating additional revenue. Both income sources will be yours once you purchase the blog.

From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $3,000. Translation: a $3,000 investment will buy you $1,500 per year in cash flow.

You may even be able to purchase the site for less than 24 months' earnings, if the site owner is particularly anxious to get out. Some sites have good “evergreen” content that will continue generating revenue even years after the site has gone silent.
Related posts: 10 tips to buy a website on Flippa

7. Rent out unused space with Airbnb.

Airbnb is a concept that has only been around for a few years, but it has exploded around the globe. Airbnb allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. They do this by staying with participating Airbnb members who rent out part of their homes to travelers. By participating in Airbnb, you can use your residence to accommodate guests and earn extra money just for renting out space in your home.

Paula Pant, cubicle renegade took a stab at making extra money renting out locations exclusively through Airnbnb. Her Airbnb experiment netted her an extra $19,000 in revenue and 1 police visit!

How much you will make will depend upon the size and condition of your home and your location. Naturally, if your home is located in a high cost city, or close to a popular resort, your income will be much higher. It's a way of earning money on space in your home that might just be sitting empty otherwise.

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