1.Create a blog
Perhaps the most popular way to earn passive income is to launch your own blog. It only takes a few minutes to set up and to get started cheaply because it only buys your domain name and pays for hosting. After that, start creating amazing content that people will be interested in reading or sharing. For example, if you are an accountant then you can provide tips on tax matters. Make sure you write about popular topics. If you still love what you make and try your best to make the results you write interesting, then it's not impossible that the blog you create can make money by itself.
2.Selling knowledge
If you have certain knowledge, then you can start creating products, such as e-books or videos, and selling them on a blog. In the beginning it takes a lot of effort to promote. However, if your product is known, it is not impossible that people will come to buy it themselves. You just set how to maximize the product.
3.Earn royalties
If you are a talented musician, actor, or writer, then you can earn royalties from your work. In other words people will pay you to use your work or use your creative assets.
4.Stock investment
You can invest in stocks. If you choose the right company, then you don't need to do a lot of transactions and just be quiet and your coffers of money will grow automatically. A good company whose share price will continue to crawl in accordance with market demand. However, sometimes stock prices also fall. Don't panic, stock investments can be done long term.
5.Giving loan
Companies such as LendingClub, Propser, and Harmoney have created a program where a borrower will be able to meet a lender online. If you have the expertise then you can also do the same. You create a program that can match between lenders and borrowers. Customize each profile according to their respective specifications.
6.Rent property
Thanks to Airbnb, you can rent out your temporary home while on vacation or when you're not using it. You can also rent an unused garage, parking, or office. It's great for extra income without actually doing anything but placing ads.
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