13 Tweets Jul 20, 2023
How to build passive income streams (without quitting your day job):
1/ Start a Blog
Write about what you love.
- Pick a niche
- Create useful content
- Monetize with ads
Blogging can be a goldmine over time.
2/ Invest in Stocks
2/ Buy pieces of companies.
- Start small
- Diversify
- Reinvest dividends
Stocks can pay you while you sleep.
3/ Create an Online Course
Teach your skills.
- Choose a popular topic
- Create engaging material
- Sell on platforms like Udemy
Your knowledge can earn cash.
4/ Write an eBook
Pen down your thoughts.
- Focus on value
- Keep it concise
- Publish on Amazon
Earn royalties for life.
5/ Invest in Real Estate
Buy properties.
- Research the market
- Consider Real Estate Investment Trusts
- Rent properties
Real estate is a proven wealth-builder.
6/ Build a Mobile App
Solve a problem.
- Keep it simple
- Outsource development
- Monetize with ads
Apps can be cash cows.
7/ Use Cashback Apps
Earn while you spend.
- Download apps like Rakuten
- Make regular purchases
- Get cash back
Effortless way to make money.
8/ Sell Digital Products
Create once, sell forever.
- Design graphics
- Create templates
- Sell on Etsy
Digital products are pure profit.
9/ License Your Photos
Earn from your snaps.
- Take quality photos
- Upload to sites like Shutterstock
- Earn per download
Turn your photos into cash.
10/ Create a YouTube Channel
Share videos.
- Pick an engaging topic
- Be consistent
- Monetize with ads
YouTube can be a passive income powerhouse.
What's your thought on this strategy? Share it in a comment below.
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