Of course, you first have to put money in the bank, but once it is there, you will receive interest on it every year.
Website or blog
Generate passive income through blogging A very nice way to generate (a lot of) passive income is to maintain a website or blog. In the beginning, you will have to invest a lot of time and energy in this and the first year you should not expect much income. Now how to make money with affiliate marketing ?
But if you are a sustainer, you can become rich with this. You start with a website about something that you like and end with dozens of websites, which provide you with thousands of euros per month and which you don’t have to spend much time on.
If you combine this with other forms of passive income, you will never have to work for a boss again. Knowing more? Take a look at ‘Get rich with affiliate marketing ‘ and go for it.
Suppose you know a lot about a certain subject. Then it is possible to write an e-book or e-course about it, for example. Sell this via a website or via an affiliate program and the income flows in. The work you have done is therefore one-off, but you will continue to earn from it.
In the offline world, there are of course also many opportunities to start earning passively. Just think about real estate. Suppose you rent a house for € 800 while it only costs you € 650 per month. Then you have nice € 150 passive in your pocket, every month.
You can imagine how much you can earn if you own 10 or 100 properties. So you can become rich with real estate if you know exactly what you are doing.
Another great example of raking in money is an investment. However, you must know what you are doing, because before you know it you will lose a lot of money. If you invest in an investment fund of an insurer, you are reasonably certain of extra income, but you will not get rich from this. Yet you can see this as a supplement to your income.
Passive income generate
Whether you trade-in stocks, commodities such as gold and oil or crypto coins, it is all very risky if you do not know what you are doing. However, if you have gained a lot of knowledge about this, then it is a great way to generate passive income.
We have often bumped our nose (and wallet) at so-called ‘outside opportunities’ on the internet.
PTC (paid to click)
PTC sites where we had to watch commercials from other websites for 10 seconds worked quite well. Of course, you understand that this is not a waste if you receive 0.1 cents per advertisement. In addition, you could hire someone for 20 cents, who would then earn money for you every day.
It all sounds very nice, but those ‘other people’ often turned out to be robots, which suddenly no longer clicked. This took a lot of time and produced almost nothing.
Revenue share programs
When clicking for a few cents a day didn’t work, we discovered revenue share programs. You then purchase a number of credits to advertise your website, for example. As a bonus, we got a certain percentage back every day or week, up to around 120%. Compounding (buying new ‘shares’ every time) made us earn faster and faster.