How to make passive income: Beginners guide
By: Daniya Zahid
Tags: Money, Students Earning, Content Writing, Passive Income, Saving

Financial independence has become every one today’s need. Especially in the times of corona, people have realized the importance of financial security and savings of money. It has become important to earn extra to fulfill the needs and the best way to do it is to make passive income. Who hates making money while sleeping? Of course no one! Earning passive is one like that. But it doesn’t mean you don’t have to anything. You need to put your time, efforts, skills, and sometimes money into it to have your outcome. Here are some ideas and suggestions to make passive income let’s get started on it but first let me explain to you what is passive income.

What is passive income?

Passive income is a way of earning by putting up your time or money or both at the same time, different from active income or 9–5 jobs where you have to be present to do work. You can still earn while you are sleeping without doing any work or putting up some little effort.

For example: renting out your property is a great way to generate passive income without investing any money or hard work. Passive income not only helps you in earning more money but if you focus on it it can even pay your bills as T.Harv Eker said ‘’ you become financially free when your passive income exceeds your expenses’’.

How to make passive income: beginners guide

Having a passive income is a great idea to boost your finances. Earning passive has no age limitation. You can start it whenever you want. As a beginner you only have to choose some beginner friendly ideas to start. Here are some beginner-friendly ideas for you which don’t need any investment of money which are:

· Renting your house or property

If you have any house or property like a farmhouse or any space that is not in your use you can give it to someone on rent and can have some extra dollars.

· Freelancing

Freelancing is a great option to provide your digital skills like graphic designing, content writing, customer services, social media manager, and other services that can be provided remotely to someone. It can be managed according to your time and decided budget.

· Work as a Chat support agent

Every online business requires a chat support system for their customers. It can be done by sitting at your home and virtually assisting the clients for their orders or supporting through emails. You can easily earn extra income from this by these sites outplex, apple at home, best buy and many more

· Sell your eBook on Amazon or kindle

Write an eBook and put it on amazon or kindle for selling. You can even earn money from this while you are sleeping even when it is written two-three years ago. If anybody makes a purchase you got your money from it.

· Rent out your things

We all have some great stuff with us that others want. Like a cool shirt, tripod stand for cameras, DSLR, a novel or any other book, and many more things that are someone needs. So you can rent them out to others to earn extra dollars and in this way, you can help them too by giving them what they want.

· Sell your creativity

Are you good in painting, drawing, sketching or any creative DIYs so let’s make it and sell them. Make your online presence at any social media website and post your creative stuff there, let people get inspired and buy it from you.

· Give online tuition

There are lots of students that need help in their academics. If you are good in English, mathematics, science, history or any other subject you can be a tutor to many students or you can make videos on a specific topic and can sell that course on Udemy as well.

Just like these, there are so many ways to start your passive income. The simpler and easier they are the less you will worry about. All you need is to push yourself to think creatively to make it work for you.