Passive Income ideas to Multiply Your Streams of Income.
BUY A PROPERTY:
If you have some cash stashed away and you are unsure of what to do with it, invest it in a property. Property always appreciates so you are sure that in a few years you are going to get something back.
START A PODCAST OR YOUTUBE CHANNEL:
There is a whole lot of money in Youtubing. if you have a niche or a subject that really interests you and you know people will like to listen to what you have to say, why not, go for it.
START A DROP SHIPPING BUSINESS:
Drop-shipping is a type of retail fulfillment that lets you sell products without managing, storing or shipping inventory. Instead, you connect with drop-shipping suppliers and source products to sell online. Customers check out on your site, then you forward the order info to the supplier, and the supplier fulfills the order.
HOST AN AIRBnB:
Airbnb is essentially an online marketplace that involves the renting of property to travelers. They have also recently started offering experiences too.
Airbnb does not own any of the properties. It simply provides a platform from which people can rent out their properties or spare rooms to guests. Prices are set by the property owners and monies are collected via the Airbnb app.
Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another.