We live in a money-driven society, and there’s really nothing wrong about it. Money means jobs, it means having a purpose and working for something that you really want. It gives people motivation.
That’s why everyone is always looking for a better job, a bigger paycheck. However, regular steady jobs aren’t enough anymore. We want more, which is why we look for alternative ways to build up our passive income.
So, if you want to know how you can start building your passive income and have a little extra money to spend on shopping or saving to travel across the world, here are 3 excellent ways you can do this.
#1: Run a blog or website.
Can you imagine getting paid for writing about things you are interest about? Well, that can happen when you are running your own blog or website. You get to have your very own webpage about anything YOU are passionate about, and you even get paid for it.
Of course, if you want to start generating money with this, you will need to work a bit on your blog first: Making it aesthetically pleasing, creating and posting good content, making sure it ranks well on search engines… All of that.
Once you start generating some traffic and getting some regular readers, you can even monetize your blog and let companies showcase their adds on your webpage, allowing you to receive money anytime a visitors sees it or even better, clicks on it.
Creating a blog is one of the most popular and easier ways to start generating passive income. It’s quick, it’s easy, and you won’t have to invest that much money to start seeing results.
#2: Create a Youtube Channel.
Youtube is one of the biggest platforms in the world that allows you to monetize your profile (channel) and start getting money by either showing ads on your videos or even getting brand deals.
If you play your cards right, Youtube can even become your principal source of money. However, keep in mind building your Youtube presences does take up time and a lot of effort, it surely doesn’t happen overnight, but it is incredibly rewarding.
This platform is one of the biggest social media websites in the WORLD and not taking advantage of it as a way to generate a considerably amount of money every month is just a bad idea.
#3: Write an Ebook.
If you are good at writing and feel like you have something to say, there’s not better way to make money than writing an Ebook. It can be about whatever topic you’d like it to be, and you can make it as long (or short) as you want to!
Writing an Ebook as a way to generate passive income is a great idea for two main reasons: One, it doesn’t require you to invest money in any way or form, and two, it makes money almost on its own.
All you have to do is write the Ebook, make it public by announcing it on your blog, Youtube Channel or other social media accounts and publishing it on Amazon or Ebay. And that’s it! You’ve got yourself a source of passive income.
There are many other ways you can create your own passive income like starting on affiliate marketing, becoming an Instagram influencer, do automated webinars… Literally anything that doesn’t take up much of your time and that you can do from home will work!