The time you have is very limited, so you can’t just depend on your salary and work from 9am to 5pm.
One of the best ways to increase income and not need to actively work to get it is to build a passive income that pay well.
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It is this source of passive income ideas that becomes a money machine and will continue to produce even when sleeping.
Here are 10 ways you can develop passive income ideas.
10 Legit Passive Income Ideas to Make Money
Selling Products Online
Now it’s very easy to create your own online store and sell products to many people.
The most important thing is that you don’t always have to pay attention to merchandise at all times.
You only need to look at a few moments to receive orders and send them to buyers.
Selling photos on the internet
If you like photography, you can make money from the photos you produce. The trick is to sell these photos online.
For the initial stage, try these two most popular photo sales sites: Istockphoto.com (15% commission per photo) and ShutterStock.com (20-30% commission). After that, other sites that can be tried are Fotolia.com and StockFresh.com.
Also prepare your PayPal account so that you easily receive commissions obtained from these sites.
The capital you need to prepare for a side business can be said without capital. The assumption is that you use a digital camera that you have and an internet connection fund is included in your monthly budget.
Making Content Online
It is possible to make a lot of money just by blogging or producing videos on Youtube.
Moreover, if you have something important and useful or entertaining to share with others.
Although this one method is not purely passive income, but income will continue to flow as long as there are visitors who come and see the content you make.
Create a blog
You realize it or not, blogging is trendy in the last five years. Therefore, you can make blogging as a side job to make extra money.
For example, when I first became a private employee, I did that.
The foundation for making lots of money from blogs is quality posts. You can try it by writing posts according to your current job.
Make an online store
As for blogging, making online stores is also trendy. One reason is the current shopping style of society that is shifting to an online shopping style.
In terms of goods sold, you can sell your own items or other people’s items. Physical goods commonly sold by online store players are clothing, herbal medicines, regional handicrafts, bags, and t-shirts.
Meanwhile, digital items that are popularly sold are ebooks, software, music, themes, plugins, and tutorial videos.
The capital you need to prepare to make an online store is not large. For example, your capital can be like blogging above if you are able to design your own online store.
Drawing skills are skills that no one has. With this talent capital, you can open face illustration services or make handicrafts like calico bags which are then polished with your drawings. Aside from being easy to make and able to hone hobbies and abilities, this one idea is also a trend again among young people
Renting out Property
If you have an unused room or a house that is not occupied, then please try to rent the property to someone else.
Renting out property to others allows you to generate a lot of income without having to work actively.
Invest in Peer to Peer Lending
Investing in peer to peer lending allows you to lend to other people.
Next you will get passive income in the form of interest paid by the borrower on a regular basis.
Invest in the Stock Market
There is no investment that can provide benefits in the blink of an eye.
Most investments that can provide high profits are usually investments in the long term, namely over 10 years.
If you are an investor with an aggressive risk profile, investing in the stock market can be the right choice.
Sleep and Rest
There is some evidence that shows that sleeping indirectly can help you financially.
Adequate and quality sleep will make you more alert and productive to work.
Conversely, lack of sleep often causes various diseases such as heart disease and obesity.
Sleep quality will greatly determine the quality of your health in the future.
Not only that, getting enough sleep will help you keep thinking sharply mentally and that means you have productive time to work and earn money.
That’s 10 ways that people rarely realize, but can help get a source of passive income without having to actively work hard.