How To Generate Passive Income If You Are A Poor Person?

[Passiveearner]

There are many people who may try to make money by taking loans. They may try to generate passive income through this way. However, I do not think that it would be a great idea. The fact of the matter remains that obtaining loans is not always brings positive outcomes.

 

[Rubz]

It is not important to earn passive income as a poor person. One could earn passive income with limited resources by;
- starting a blog or Youtube channel
- affiliate marketing
- creating and selling a digital product.

 

[eldavis]

Well, I don't think someone who is poor will be able to earn passive income. This is because the person will not be able to make the investment since he does not have enough money

with the help of the internet, there are so many things you can do that requires little to no cash which would in turn generate passive income. Affiliate marketing for example is classified as passive income, you do not really need capital in most cases to startup.

 

[Bisolami]

with the help of the internet, there are so many things you can do that requires little to no cash which would in turn generate passive income. Affiliate marketing for example is classified as passive income, you do not really need capital in most cases to startup.

Apart from that, if someone needs some money to start up a business, the person can work on forums for a while and he may be able to save up some amount of money and then use it for the business

 

[Passiveearner]

It is not important to earn passive income as a poor person. One could earn passive income with limited resources by;
- starting a blog or Youtube channel
- affiliate marketing
- creating and selling a digital product.

Starting a YouTube channel could be a really good thing. However, the fact of the matter remains that making money on YouTube is not that easy as many people think. You have to be really creative in order to make money on YouTube.

 

[Rubz]

Starting a YouTube channel could be a really good thing. However, the fact of the matter remains that making money on YouTube is not that easy as many people think. You have to be really creative in order to make money on YouTube.

The truth is that making money in any platform apart from YouTube is also difficult. You have to put your heart and be focused in anything you are doing another to make a good amount of money.

 

[Passiveearner]

The truth is that making money in any platform apart from YouTube is also difficult. You have to put your heart and be focused in anything you are doing another to make a good amount of money.

This is why I recommend people to select a niche they like the most. They will most likely make money if they opt for a niche and then start a YouTube channel that will allow them to generate passive income. All they have to do is upload videos regularly.

 

[Springtime]

If you have certain skills, you do not need money to earn passive income. For example, if you can write and are creative, you can write a book. If your book gets published, you can receive royalties. A friend of mine has written three fictions. His books sell well. He is receiving royalties.

 

[kirubel]

If a person is poor and don't have any money to invest on business plan and make some financial passive income the they can work online jobs that can generate small amounts of money so that they can turn that money to huge money by online trading or stock marketing.

 

[aovurevu]

You do not need money to build passive income. I have not spent any money on my hubpages account or Amazon account, or redbubble, yet I make passive income through these platforms

Actually , some people are not really informed about how to make Money online without investment.Even I am not familiar with making money on amazon , redbubble and the likes as you listed up here. I will be glad if you can clarify on that.

 

[Stardom22]

For me l think that the poor people are very disadvantaged when we come to matters dealing with investments. Investments involves risks and requires money for a good set up.

 

[deucher]

Passive income does not mean that it should be a very large income that will cover your expenses and you can rest all day. I started with a very small amount of about $10. I tried experimenting and also earned and saved money to invest even more. Now I have about 1000 dollars invested and I receive passive income from them.

 

[freelancermaria]

Even if you don't have enough money, you can start earning money passively. You can create a blog, or a YouTube channel, or use affiliate marketing. You can also sell online.

 

[bestwriter]

If one makes use of one's time lucratively a poor man can become rich. It is not always that money is required for that. Jobs such as baby sitting, pet sitting come to mind

 

[Sanjeev]

Try to get a part time job like a sales person, delivery boy etc. Many of my workers in the company do that along with the regular job.

 

[Shavkat]

In my country, they can ask an assistance from the local government agency. If they are qualified, they can undergo livelihood program. Then, they can be given a startup capital to have a small-scale business.

 

[fcbetting]

You get earn something from passive but first you must collect free money. Example faucets, PTP forums. You can earn there for some start but it will not be easy. Restake it and earn more and after few years you will see result.

 

[You]

If you're poor, generating passive income may seem impossible, but it's not. you can Sell items you no longer need online.

 

[jetsaints30]

It can be tough to generate passive income when you're struggling financially but its not impossible. Its important to be realistic about the challenges and the time it may take to build a reliable stream of passive income.