6 Ways to Earn a Passive Income

Photo by lucas Favre on Unsplash

A passive income is an extra amount of money you can earn by doing little if any extra work in addition to your regular job. Here are some examples:

App design

If you design your own app for a smartphone, you will earn money every time someone downloads it. A successful app can earn you a lot of money.

https://www.instagram.com/p/BfqkSgDH2v_/?tagged=appdeveloper

Online writing

Many online writers are paid for the first few years that they write articles. Thereafter, they earn money based on page views of their articles. Well-written articles earn good money.

Create a YouTube video

You can run ads on a successful YouTube video. If your video goes viral, you stand to earn a lot of money.

Write a book

The author of a published book earns money from the sale of their book. Pitch your book to publishers, or you can self-publish an e-book.

https://www.instagram.com/p/Bg6poJ8Bb_b/?tagged=writingabook

Photography

You can sell photos you have taken to sites such as Shutterstock and earn a commission each time your image is downloaded.

https://www.instagram.com/p/Bg8XEDDjzso/?tagged=photographer

Invest in the stock market

This should be approached with caution. Educate yourself thoroughly before entering the stock market.