Passive Income Ideas
Passive income is any earning which you generate as a part time with your full time job or business. In other words you can say it is earing where your are not actively involved. Passive income has gain popularity with internet, Here in this article we will discuss some of the ideas of earning Passive income both through online and offline.
Blogging
Blogging has huge earning potential, especially when your work with proper learning, investment and patience, WordPress is very popular platform for blogging where you can create almost any type of website or blog easily.
You should have proper SEO learning to rank your keywords in google search result, so that you gain website traffic and earning.
Investment is involved in terms of buying domain, hosting, writing article, website SEO related services like social media sharing, guest posting, backlinks ets.
Fortunately, if you are a student or don't want to invest money in blogging, you have google own blogging platform blogger.com, here you will get a free subdomain name .blogspot.com
Although it is difficult to rank your blog post on .blogspot subdomain name, but it is better from most of the free domain and hosting providers, and plus point is that you can also get approval from Google Adsense if you have some traffic on your blog.
Youtube Channel
YouTube is second most popular ideas of online Passive income and luckily it is free to make channel on YouTube till now. You have to get 1000 subscribers and 4000 hours watch time for monetizing your YouTube channel from Google Adsense.
You can visit our youtube channel Passive Income Arena for more earning videos.
There are some other ways of earning through Youtube channel if your adsense is not approved yet like affiliate marketing, selling your own products.
Facebook Page
Facebook page is also another source of passive income, you can earn from your facebook page by many ways like:
Driving traffic to your Money Page
Selling product online
Monetizing your videos
Affiliate marketing
Affiliate Marketing is a big source of income like blogging, In affiliate marketing your sell someone else product product at some commission. Many bloggers are earning only through Amazon Affiliate Marketing website or YouTube channel.
Dropshipping
Dropshipping is a business mode wherein you sell someone else product without actually buying it, You list your product on your online store, when customer orders a product you take payment and order to your source website, which directly dispatch to your Customer, So you don't have to maintain inventory, taking care of shipment, this is being done by your supplier. You are working as a middleman.
Dropshipping is low risk business model, but falls in grey area as you have to be a owner of the product, risk being transfer to you, whenever you sell any product according to Islam. Selling before buying is not allowed, Leave your comments about this.
One of the best platform for dropshipping is through shopify platform, You can also use wordpress for making online store, but you have to install many other party paid plugins for functionality.
E-Commerce Store
Wordpress and shopify provide very useful and easy plug-ins for payment gateway like Stripe, Paypal and COD (Cash on Delivery) for online stores, So online store creation and running is very easy now a days, All you have to do is to manage inventory and advertise your products through Ads or through organic traffic.
Alternative way of running an online store is through facebook page, which is free and easy to use. The only investment is paid advertisement cost.
Investment in Stock Market
Try to buy blue chip stocks at lower price to gain permanent source of income in the shape of dividend, Stock market has huge potential of earning in growing economy, The idea is buying stock which are more than 30% down within a year and has cycle trend, Bank and insurance companies should be avoided in this strategy.
Rent a Property
Renting a property is a best passive source of income which you can do with your full time job or any other Business. You require one time investment for building a house or buy, which you can arrange through bank financing or GOVT house loan schemes.
Investment in Small Business
You can find many small businesses in your locality which needs fund for working capital, shop renovation or adding stock into inventory, These are best source of earning if the person you are working is honest, and business has potential to earn.
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