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Crypto currency is a good passive income stream despite its volatility in price. It's good to invest in reliable crypto tokens like Ethereum when they were cheap. You can pair with stable coins like USDT or USDC and provide liquidity or stake to earn profit. You can auto compound your interests...
Franchising is good if you're partenering with a known reliable brand. With that you don't need to do much marketing to sell. There's one transport franchise in my country that allows you to buy buses and register under their company. They hire drivers and maintain your vehicle and still give...
There are many ways to create passive income streams online. You need to look for avenues you have passion for. One thing with online passive income streams is that you need to update it always like blogging or youtube channels.
Earning passive income from Youtube channel is like blogging. You need to start by building the channel to get a huge number of active subscribers. This is not easy and may take time. You also need to be updating it from time to time so it doesn't get dormant.
Referrals is another great passive income source that is underrated. There are platforms that pay you or increase your earnings when you get referrals. I prefer recurring referrals earning to one time payment. Those who had much mining referrals for PI and Core earned fortunes.
This is one area that I'm lacking. It's really a great advantage if one can get referrals easily. There are many apps where you can earn from the works of your referrals daily. That's a good passive income stream too.
I have seen many people that run whatsapp Tvs for advertisements. I think you need a big list of contacts to achieve this. You don't need to run sponsored ads only. You can also sell your products or services.
It's one thing to have a passive income source and another to keep it profitable always. It's good to always take stocks and be updated. If it's a rental property, its good to always maintain it and keep it in good shape always.
Passive income is very important in everyone's life. Every human won't be active always so passive income sources brings funds always. There's no guarantee to our normal income streams such as jobs or businesses. One can depend on passive income sources when other odds are down.
Getting a passive income stream at first might not be easy especially if you don't have enough funds. It becomes easier with funds. The easiest for me is residential apartments because it is stress free.
For now, I have more than one income stream but I don't have a passive income stream yet. Before i used to think one requires huge amount of funds to have a passive income source but that's not entirely true. I'll try my best now to get a passive income source no matter how small.
Sharing data on platforms like Honeygain is not profitable for people living in this side of the world. The only way people make money from data here is by reselling it. They buy cheaper in bulk and resell in bits for profit.
Making money through writing as a freelancer is not as easy as before. The market is saturated and competitive because there are many writers available. Submitting articles is not profitable too unless you have good openings. I prefer running a blog and write articles for the blog. With time...
Diversification is very good when it comes to income generation. Its good to have several reliable sources that gives you income. This will give you a good balance and won't affect you if something bad happens to an income source.
Blogging can serve as a passive income source but you need to grow it from scratch and run it like a normal business. You can hire more writers to help with articles when you start making money. You can even set up a team for it.
One advantage of passive income sources is that it generates revenue always. There are times when main income sources will go down or even shut down. One will need to rely on passive income sources to survive.
If you want to be getting $5 from a $100 investment, that's like 150% monthly return on investment. You can try forex or crypto trading if you're experienced in it. Also forget all these investment platforms online.
There is nothing lucrative with typing captchas online. You can spend the whole day typing on your keyboard for just $1. You can earn more at a lesser time on paid to post forums. You can't even call that passive income.
As someone who has done most of these stuffs, It'll be a waste of funds to start mini importation with $30. That's roughly 20k+. Only shipping fees per kg will take half of that amount. The best is to buy from wholesalers around and resell for profit. Offline business like petty trading or...
I once tried honeygain app since a long time but didn't benefit from it so i uninstalled it. I think the app is more rewarding to people staying in tier 1 countries like USA, UK, Canada and Mainland Europe.
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