5 Ways to Make Passive Income in 2021
By: Emily Tuhkanen
Tags: Passive Income, Money, Money Management

Passive income is something that can be considered even more valuable than earning money from your 9–5. Setting up a revenue in which you are making passive income is a way to make money within your control. It creates stability and freedom that you may not have in your day-to-day ways of earning money.

Here are a few ways you can earn passive income in 2021:

Write Blogs

Writing blogs is a great way to earn some passive income. Most paid bloggers start out by creating their own self-hosted blog and publishing content on that site. After building community and bringing traffic to your site, you can begin to start making money by selling ads or even your own products or services.

This is a great idea if you have a certain topic that you are very passionate about that you would love to share your knowledge about it with others. You can make money and help others by sharing your knowledge with the world!

This article goes more into depth about the nuances of making passive income by blogging.

Invest in Stocks

Investing in stocks can seem a little intimidating if you are a beginner, but it doesn’t have to be! A great way to use investing to make passive income is by investing in dividends. This type of type of investment has typically been seen as a risk-averse way to invest in the stock market.

To learn more about what dividends are and how you can make money off of them, you can read this article that goes into depth about general information and platforms you can use to invest.

Try Affiliate Marketing

If you have a website or a decent social media following, you are probably a great candidate to be an affiliate marketer. Affiliate marketing is when influencers or bloggers promote another company’s product on their platform. A popular example of affiliate marketing is Amazon, but many m=companies use this marketing strategy.

If you are just starting out with trying affiliate marketing, it may take some time to see the rewards until you have grown a significant following, but it is totally possible. You can learn more about affiliate marketing here.

Teach Online Courses

If you have a particular set of skills that you have mastered, you can create a platform where you can virtually teach individuals your skill. You can teach marketing, art, yoga, really anything under the sun that you are well-versed in. Upfront expenses only include the time it takes to plan your course, record it, and make it available online.

Here are some tips on how to create a successful online course and make money from it!

Rent Out your Extra Space on STOW IT

STOW IT is an online marketplace for car, boat, trailer, RV, airport and semi storage. They help connect companies and individuals that have extra spaces like facilities, garages, land, and barns to others that need vehicle storage. They also offer benefits like payment processing, handling evictions, and guaranteeing your payments. Here is where you can learn more about STOW IT.

STOW IT guarantees their hosts payments, have hands on support, and you control which renters you have and what prices you list your space at.

If you are interested in working with STOW IT as a host you can drop a line at info@stowit.com or call them at (844) 478–6948.