The world that we live in now has several limitless opportunities for all of us and you need to open your eyes to see it.
Passive income is money you make without needing to check in and out of work constantly. It is income that is not always tied to your direct involvement. Below are some passive income ideas you can use on your phone or PC.
Start a Drop Shipping Store
Drop Shipping is becoming one of how you can make passive income in the tech world. It involves creating an ecommerce store where you then sell products. However, you don’t need actually to buy the products.
Instead, you sell the product directly from the supplier. When a customer places an order on your site, you then place that order to the supplier, who will then send the product directly to the customer.
Then, when the customer pays you, you pay the supplier then keep your profit.
Get into Social Media Influencing
Social media influencers get a bad rep, especially for what many people consider ‘cringy’ content, but there is good money to be made here.
All you need to do is build a community of people on your social media platforms, then ensure that you engage with the audience consistently such that you hold some influence over them.
With consistent good engagements, you can then partner with businesses to promote their products or services to your audience or you can create and sell your own merchandise.
Blogging
Blogging is a very challenging venture because gaining your blog’s traction will take some time, but it is one of the best ways to earn passive income.
Through creating quality content, being persistent, and adequately marketing your blog, your audience can grow big enough for you to start earning through the blog.
You can earn from blogging by Running ads through Google AdSense, selling affiliate products, writing sponsored posts, and selling your products.
Passive income is a great way to make money, especially if you desire to free up your time for other pursuits.