According to various billionaires, having multiple in fact more than 5 income streams is one of the fountainheads for achieving the wealth we all desire. Having a mainstream job or source of income is one thing but wealth is created by passive income sources and that has been a secret for years. Here we are with top 10+ passive income Streams which you can look up in 2021 and guess what, some of them are accessible to you while you are a student.
1. Affiliate Marketing
It is the most efficient tool available right now in the digital age. What you need is just a blog, a good social media presence and way with content. There are some really good opportunities here to exploit and make money by this method. You can look up Amazon affiliate marketing for starters.
2. Online Courses
There are thousands of skills to learn and millions of people looking for good teachers. If you are good at something, you can go for teaching online courses. Having your own website is a cool thing or else you can partner with online class portals like Udemy.
3. E-book Writing
This is the digital age. People have short attention spans but want to read good things which can help them to be better and make tremendous growth in a short time. If you have skills to solve this problem or provide the content they want then ebook is a sure way. Writing an ebook takes time but marketing it is easy. The very simple way to monetize your e-book is through Amazon.
4. Make Money by Using Apps
Apps like SwagBucks, InstaDollar, MPL and more allow you to do various activities and in return they pay you. There is ad watching, video watching, social media posting, games and more which can be done through your mobile and it can be cashed. Completing surveys is a famous task in these apps.
5. Save Through Offers and Coupons
Small savings when done for a long time can get so big that you might be surprised. These days and especially after Covid-19 times online shopping is going to increase in a ten-fold manner. There will be various offers, discounts, points, cashback and more available on websites. You can avail these offers and let it accumulate.
6. Selling Pictures Online
You like clicking pictures and people find them of good quality? Why not try to post them on sites which sell stock pictures. You can turn your hobby and skill into a passive income source. You just simply need to click pictures whenever you want and then post them on sites which gives you the highest margin.
7. Sell Products Online
Sites like Alibaba have made it accessible for people to purchase products at very low cost. The condition is that you should buy it in stock. And sites like Amazon and Flipkart have allowed people to place their shop online and sell their products. You just simply have to click pictures of your photos and then post it on Amazon. Amazon Sellers is a good source of passive income.
8. Design Objects and Sell Them
You just need a computer, a photo editing software and a skilled creative mindset and you can design any object whether it is a t-shirt, mug, phone cover and more. People love these things and they are in high demand.
9. Blog Writing For Monetized Websites
Sites like Medium allow writers to use their website for article writing. Here you just have to focus on the content and marketing will be taken care of by the medium itself. If you have ideas and good writing skills, try this.
With the rise of various apps and YouTube, learning investment is totally free and easy for a beginner. You can earn really good money by being a little bit aware and smart and use this option.