5 Ways To Generate Passive Income

Write An E-Book

In the present time, creating e-books is one of the most sought-after ways to earn money. This is one of the most rewarding ones as well. All you need to do is to create an e-book and sell it on different platforms such as Amazon.

Develop a Course

This is the second most-sought after way to generate revenue. This comes with developing a course. If you are good at something, you shouldn’t do it for free. You can sell your developed courses on Udemy, edx, Coursera, and other websites.

Become An Affiliate Marketer

This is one of the most common ways to generate passive income. The principle of Affiliate Marketing works in such a way that when anyone clicks on an affiliate link and buys a product from that particular link, you’ll get paid.

Trade Photographs Online

This is not so popular in India but people are getting aware of it slowly. There are a bunch of websites where you can sell your photographs. If you are good at photography, don’t forget to post on Shutterstock, and other websites. The quality of photographs should be up to snuff since different websites have different image uploading guidelines.

Sponsored Posts

By posting sponsored posts, one can generate a good amount of money but to reach that level, you must have a good amount of followers. This is very important. You get paid directly by the brand.

To Sum Up

These are some effective ways to generate passive income. Earning passive income depends on plenty of factors- time we are going to invest, chances of being successful, etc.

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