9 Passive Income Ideas for Increasing Your Cash Flow
Passive Income Ideas
1: Start a blog
Blogging is popular, and if you are reading this, you can start your own blog. You need to get a domain name and hosting to write your post. If you want to make money from your posts, use Google AdSense or various other financial affiliate programs. Such as Google adsense
2: Write and publish an ebook
There are opportunities to make a living publishing your work on Amazon Kindle Direct Publishing. It’s as simple as picking a topic and writing about it.
3: Create an online course
You can create a video course and sell it on Udemy. Thousands of courses are already available on the platform, in many different niches.
4: Produce an audiobook
You can use Audible ACX to publish your audiobooks on platforms such as iTunes and Audible. A good, gentle speaking voice is necessary for this gig. If you have a good speaking voice, this could be an amazing financial opportunity for you.
5: Become an affiliate marketer
You can sell another company’s products and make a fortune. Amazon’s affiliate partner program enables you to sell unlimited products on your website by pasting a link to that particular product. There are many companies and products to choose from that range from $5 to $50K. You will receive commission for each sale, as long as you created the website.
6: Develop a smartphone app
You can massively increase your business by developing a smartphone app with in-app purchases. If you do not have the knowledge of how to develop an iphone or android app, you can use a freelancer who has expertise in this and enable in-app purchases.
7: Sell digital products on Etsy
Etsy provides a platform for people to sell handcrafted goods or digital items. Few know that they can also sell digital products on Etsy which require little maintenance over time