As you can probably guess, writing a book involves a lot of work. You have to come up with a topic you want to write about, make certain preparations, and then put it down on paper or in your laptop. But the good thing is that you only have to make a book once. Especially as an eBook, you can then sell it as many times as you like, generating a steady stream of income for yourself. You don't even need a publisher to support you in your venture, you can self-publish your book on platforms like Amazon or Thalia. So if there's a topic you're very knowledgeable about or have always wanted to write about, you can now take your time and get to work on your book.
If you love taking pictures and editing images, selling stock photos can be a very profitable way for you to earn money. That's because platforms like iStock offer images for sale and purchase that anyone can upload. All you have to do is create an account on the respective platform and you can offer your images for sale online. For each sold image you get a commission, which differs depending on the provider. Again, the advantage is that you only have to upload your images once and can then sell them an infinite number of times.
If you are particularly familiar with a topic and you would like to write about it regularly, a blog can be very worthwhile for you. Especially if it is a niche topic that is not yet infinitely available on the internet. If you regularly publish content on your site and you thus have many visitors on your website, you can then place advertising on your site. Either through banner advertising, where you get a commission per click, or through cooperations with other companies.
You can also earn good money with audio files. Audio files can be, for example, your book as an audio book version, music recordings of your hobby band or self-produced sound effects. Whatever you can produce in terms of sound recordings can be sold well in most cases. It is also possible to earn an additional income with podcasts. Here you can eventually work with companies for which you do advertising.
There is hardly a topic on which a video has not been shot on YouTube. And rightly so, because with YouTube you can also build up passive income very well. For example, if you are talented at handicrafts or have another skill that you would like to teach others, you can shoot a video about it and upload it. You can earn money by running ads before the video or by displaying a banner ad during the video. This way you can shoot videos from the comfort of your home and upload them online.
This tip may seem a bit strange. After all, there are already an infinite number of influencers on Instagram, Youtube and Facebook, but especially in this time people want to be entertained. So if you like to deal with a topic, you can also pass this on to other people via the well-known social networks. After all, that's basically all an influencer does. So it's not that complicated to become an influencer. From a certain number of followers, you can then build up an additional income with collaborations and affiliate links. So it's not about building millions of followers. Just tell other people about the topic that interests you and offer them added value.
So you can see that there are many different ways to earn extra income on the side. Of course, these are all things that you can’t just do in one evening. But that’s not the point. With passive income, you first have to invest time and work to be able to profit from the income later.
Imagine getting paid clockwise every month for simple work you do once and getting paid indefinitely as long as you make a sale. Yes, indefinitely.
Learn how to create simple Microsoft Word documents of 25-30 pages (forget books of 300-500 pages) that you can sell online on Amazon and all the major ebook marketplaces for insane amounts of US dollars and earn passive income for the rest of your life.
