2) Affiliate Marketing
Through referral links, affiliate marketing allows bloggers, influencers, and website owners to promote products and earn commissions. It’s a source of sales-based passive income since money is made when a customer uses those links to make a purchase.
3) Dividend Stocks
Dividend-paying stocks provide investors with a consistent stream of income that they can employ either alone or when combined with other sources of income. Quarterly dividends are paid by companies from their profits; the amount paid varies according to the number of shares you own. The more your share count, the larger your income.
6) Sell Digital Products
Digital products are intangible products that may be streamed or downloaded, such as templates, PDFs, and ebooks. Since you can build them once and sell them again without having to keep inventory or store it, they provide great passive revenue sources with high-profit margins.
7) Online Courses
If you possess strong expertise in a particular subject, you can create online courses and charge a fee for access. This allows you to generate passive income, as your course can continue to earn money without constant involvement once it’s set up.
9) Create an App
Creating a mobile application might be a profitable approach to generating revenue via purchases or advertising. Over time, revenue can be generated by a well-designed app that meets market demand, even though it does require technical expertise. Once your app is accessible for download, you may start making money from storage or inventory, regardless of whether it’s a game or a tool for mobile users.
10) Rent for Parking Space
You can rent out a parking place you have unused to generate passive money. Posting it on a parking-sharing website or in local advertisements can easily transform that vacant space into a revenue stream.
