These are my best likable five passive income sources
Hi everyone this is Shailesh and you are reading my blog website itsshailesh.com guys welcome to this article, in this article I will tell you which are my favorite best passive income sources. Guys, the main thing in the article is that we are sharing the money with you as income sources, but the main thing is that we are earning some or the other every month and these are very hindering passive income sources.
in this article you will Which ones are really good passive income sources that you should know about and if you want to generate one good passive income then these are good options to to make money.
What is passive income?
guys, before knowing the sources of passive income, let us understand what is passive income and what is its use. Passive income is the opposite of active income so first of all, we need to understand that active income is the income where you are active for your work, and in exchange for that work you are paid on a daily or monthly basis. And passive income is the opposite of active income.
In passive income money incoming, even when you sleep, you also keep earning money. Passive income is generated from the work that you have done before or you have set up a method of earning money so that your money keeps coming to you on a daily or monthly basis.
So now I am going to tell you about which five such passive incomes are there which are good and from which I am also able to earn a little bit every month.
1. Affiliate marketing
Guys, you must have often heard about affiliate marketing in which you earn money on a commission basis from an online product selling platform. Online, whatever companies have a digital or physical product base website or Marketplace, they can sell their product through the affiliate marketing program of that website or Marketplace, and in return, they will earn a few percent as commission. The amount is available for use in affiliate marketing.
If you have an audience in any online medium like YouTube channel, blog, or any other social media platform, you have a fan following and you recommend any brand or marketplace product to your audience.
You can earn good money from affiliate marketing, especially because it is also a source of passive income if your affiliate link is used by more people through some medium, your audience or fan followers will buy the product whenever they want. Now and then you keep getting affiliate commission, which becomes a source of income.
2. YouTube channel
The most popular social media platform today and the best way to earn good money is YouTube, which is why I am telling you about my YouTube channel compared to other social media platforms. You can create a YouTube channel per your long videos by making your short videos, after creating a YouTube channel you can upload your number of videos to your video content based on the subscribers of your channel.
And on the channel on which you have uploaded your videos, have you subscribed to those videos or have you watched the video through search or suggestion on YouTube, on which you can place Google ads with the help of Google AdSense so that you can get a Google AdSense. Earning remains hot as per the criteria. If your video content is good then it is also good for use and if your video content is evergreen then you will also get some kind of passive income.
3. Rental income
Guy’s rental income is very traditional and popular passive income. If you have any property or property which you can give on rent, it is a very good source of passive income. Nowadays, even the things that are used in the house or used in the house can be rented out. You can rent out these things and whatever property you have, whether it is a house or a land, you can rent it out every month. One monthly rent is affordable.
4. Fixed deposit
There are many methods of earning such income in banking and finance institutions, but here I am mainly telling you about fixed deposit which is very simple and easy to generate passive income. Fixed deposit in any bank: If you have some or more money as per your requirement then you can make a fixed deposit of the money in any bank. Almost every bank gives the option of a fixed deposit.
The interest rate of fixed deposits of every bank is different. So, whichever bank’s interest rate seems good to you, then in your fixed deposit account, you start calculating the per paisa as per your annual or monthly interest. It is a very good source of passive income.
5. Digital product
A digital product is such a product that you have to create according to your creativity. If you create this product then you can meet the customer by downloading it through the digital medium. If you create these once, then you will know how many customers you can sell, this is why digital products are a very good source of passive income.
If you create it once then you can use it again and again to sell this digital product like any online course, ebook, template, worksheet, image, graphics, software, website, tools, or any PDF file and more like these.
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so, guys, these are my favorite five passive income sources that I have seen earning from. We hope that you will like this article. Keep visiting itsshailesh.com to read this kind of content. Thanks for visiting and reading itsshailesh.com.