5 Ways to Make Money While You Sleep (Passive Income)

in #money3 years ago

1.Start a Business Blog

Running a professional blog is one of the finest ways I've found to generate a steady passive income. If you enjoy writing, this may be a life-changing opportunity. I've been doing it and discovered that it has a lot of room to grow and expand. With programmatic advertising, passive revenue from blogs can range from $5000 to $12000 per month.

  1. Put money into the market

The stock market is at an all-time high, interest rates are at historic lows, and there are only so many attractive real estate transactions available. I talk to people all across the country on a regular basis who want to put some of their money into owning a small business. They recognize the value of cash flow, asset growth, and tax write-offs. I told them that nothing comes easy, but that semi-absentee income is possible.
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  1. Repurpose Your Services And Programs.

One of the most effective ways to generate passive income in your business is to turn a small section of one of your programs or service offerings into a digital download, masterclass, or workshop that can be purchased for a fraction of the price. Sell at a price that offers individuals a stake in the outcome and encourages them to collaborate with you on a larger scale in the future.

  1. Put money into the stock market

The stock market is at an all-time high, interest rates are at historic lows, and there are only so many attractive real estate transactions available. I talk to people all across the country on a regular basis who want to put some of their money into owning a small business. They recognize the value of cash flow, asset growth, and tax write-offs. I told them that nothing comes easy, but that semi-absentee income is possible.
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  1. Provide advice to other start-ups

Personally, I counsel for other startups and earn a nice living doing so. It is not as passive as many other sorts of businesses, but it can be passive with the right setup. You must always have some abilities that are needed by other stage entrepreneurs, such as a seed-stage startup founder consulting a pre-seed stage startup, regardless of what level of entrepreneur you are.

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