HELLO! in this article I will show you 7 ways to generate passive income in 2021.
This methods of passive income are totally friendly and all beginners can do it.
As usual,this method does not guarantee you a quick success, because the ideas is to generate passive income, which can take time to build but once settle you are going to make money passively.
Here are 7 ways to make passive income;
1. STARTING A BLOG.
Today Blogging is one of the best way to generate passive income.
Many people's are making money passively with blog without doing hardworking on the blog.
Starting a blog is very easy but it required commitment and Passion.
You must be committed to run the blog for a long period of time and also have a passion about what your blog is about.
Running a blog is very easy because you can pay people's to do all the job for you.
How you can make money with blog?
You can make money with blog through Google Adsense. When you create your blog and you are getting a lot of traffic and your content are unique. You can apply for google Adsense when you are approved, google will place ads on your site and you get pay every month by impression.
You earn money on your blog through Affiliate Marketing. You can create an affiliate marketing website to promote other people products and services,when people's buy through your link you get pay a commission.
You can write an article about specific services or products that your affiliate to. It can be review about the product or services and place your affiliate link in the post.
If you want to make passive income will your blog, you must publish quality contents and have enough traffic to your website.
2. STARTING A YOUTUBE CHANNEL.
Starting a YouTube channel can help you generate passive income. Today's is very easy to start a YouTube channel because you can start it even with your mobile phone or if you have a computer is better.
But not having a computer cannot stop you to start a YouTube channel.
There's a lot YouTube channel ideas that you can start without spending a dime and no need to show your face.
How you can make money with YouTube channel?
Through Google Adsense,you can monetize your channel if you reach the requirement which 1000 subscribers and 4000 watch hours in the last 12 months.
It take time to grow a YouTube channel but is very good when it comes to passive income.
Affiliate Marketing is also a method to generate passive income on YouTube. You can promote your affiliate link in your video description to generate more lead.
Sponsorship, people's or company can contact you for sponsorship post on your channel. You can get sponsorship when your channel is active and have enough active subscribers.
3. BUILD A FORUM.
You can start a forum either membership or free. It's a very good way to make money with forum because when you have a forum, you can promote your affiliate link with your forum members. You can get sponsorship from people's and companies.
You can also monetize your forum with google Adsense.
It's very easy to start a forum. You can pay a developer to create and set up your forum for you.
4. CRYPTO INVESTMENT.
There's a lot of way of making money with crypto currency but I'm going to show you the top 3 ways.
First is to buy and hold. This basically a long term investment. You buy the crypto currency at a lower rate today and hold it, and resell it in a high rate in future.
This is not a way of making quick money but for long term investment.
Second way, is buy and sell. This basically day to day process. You buy the crypto currency at a certain rate and resell it, then keep the profit margin.
Many people's are making decent amount of money through this process so you can try it out.
Thirdly, is Trading. Forex Trading is one of the way of making money with crypto currency but it requires a lot of knowledge and capital to succeed in trading. But you can learn and start because is more profitable and at the same time more risky so make a lot of research before getting into forex trading.
5 DROPSERVICES.
DROPSERVICES, is one of the best way to make money online without any skill. You just need to be smart to succeed in dropservices.
DROPSERVICES, is simply to act as a midle man between the services provider and the buyer. You can do dropservices with the help of website like Fiverr, Upwork and many more.
You find a client about specific services and state the price more higher than the price of the services provider. When the services is done you deliver it to the buyer and get pay. Once paid, you also pay the services provider and keep the difference. It's recommended to talk to the services provider to know they are price before, so that you will know exactly how much to charge the buyer and make profit.
6 SELL ONLINE COURSE.
Selling online courses is one of the to monetize your skills or knowledge. You can create courses about something that you have a deep knowledge about it. You can also provide virtual assistant, coaching. So don't underestimate your skills,try and find out what you can do or learn a Skill that you are passionate about and start monetize it to make money.
7. BUILDING A TOOL WEBSITE.
Tool website is one of the easiest website or blog to manage because once set up, you don't have to do any hard work again.
You don't need to be a developer or programmer to build a tool website. You can buy the script of the website and host it buy yourself or pay a developer to set up the website for you. You can create tool website about so many niche.
Example of tool website are bitly ( link shortner). This website can be monetize with Google adsense, affiliate program and sponsor post.
So, here is 7 ways of making passive income online. Don't forget to check out others article for more details about each of the 7 ways mentioned above.
Thank you.