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| An Influencer |
Imagine having a steady flow of money without the daily commitment of a full-time job in 2023. Passive income is a cash stream that requires little or no daily effort to maintain, unlike active income, such as cash earned from working at a job or as a contractor.
You can create passive income
through investing in certain financial products or by starting businesses or
rendering services that, after an initial investment, start to generate income
without regular work.
Here are some of the most common
ways that individuals and businesses can earn passive income in 2023:
1.
Become a blogger
2.
Become an Instagram influencer
3. Build and sell spreadsheets
4.
Buy a rental property
5.
Buy and sell websites
6.
Create a job board
7.
Create a print-on-demand store
8.
Create no-code apps
9.
Earn royalties through inventions
10.
Earn while shopping online
11.
Invest in businesses
12.
Invest in REITs
13.
Invest in the stock market
14.
Invest in vending machines
15.
Lend money to peers
16.
Record audiobooks
17.
Rent out unused space
18.
Rent out your car
19.
Rent out your spare room
20.
Run an affiliate marketing business
21.
Sell designs online
22.
Sell digital products
23.
Sell handmade goods
24.
Sell NFTs
25.
Sell stock photos online
26.
Stake cryptocurrencies
27.
Start a dropshipping store
28.
Start a YouTube channel
29.
Teach online courses
30. Write a digital guide
Have any questions? Need more information and guide? Kindly use
the comment box below. Don’t forget to share these ideas with others.