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 5 best sources of  Passive Income

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In the previous article, we studied how we can earn and generate passive income without the daily commitment of a full-time job. So, nowhere In this article, we will be discussing the five best sources of generating passive income. Well, there are unlimited ways to generate passive income but I would like to highlight those 5 sources of earning passive income which can be generated by a beginner or student without compromising their studies. The requirements for these ways are actually liberal therefore , below are the ways through which you can earn passive income without much effort:-

  • Writing a Blog: Well, of course, this one is my Favourite as it's a way to build traffic even though you are at home, with a large reader base, It's possible to generate revenue through the display of advertisements and etc. There are millions of people blogging now and everyone wants to capture a large reader base on different niche topics. So this is relevant and a growing industry cause there are so many topics to write about and research on. A great benefit of blogging is when writing articles, you became the authority in your own niche also, blogging can initiate a conversation between you and your network.
  • Podcasting: Similar to writing, podcasting is always a way to capture large traffic on internet in recent times. Many working professionals don't have time to look at the screen and read things so it's easier to listen to content instead. Hence, you can make your own podcast. Give the content which is worthwhile to listen to and direct it to an audience of your choice. then the last process is that you will be attracting advertisers, sponsored to promote products, and then you will make money.
  • Network Marketing : Network marketing opportunities require very little to no specialized upfront knowledge and it will not only generate income but will make you a good public speaker, and will lead to personality development as well. It is the best thing to do these days for anybody. The recent downfall in the economy has more and more people opting in for MLM businesses. Especially in developing countries, a lot of people are very interested in network marketing. And currently, network marketing is on the verge of entering its golden phase and this is the best time ever to jump into it If you haven't yet. 
  • Affiliate marketing: This is also a preferable idea of making money out of your interest. simply put, it is to turn product recommendations into passive income. If you aren't participating in affiliate marketing, it's high time to get into it and consider taking advantage of this lucrative revenue stream. you can earn money on product sales without creating products of your own. Affiliate marketing involves referring product or service by sharing it on blogs, vlogs, social media platforms, or websites.
  • Creating video content::This is actually a very popular way of generating passive income. Youtube is a good option-it is not just a place for entertainment and information , It's a platform with several passive income ideas . As a youtube partner, you will make money by receiving revenue for each click or view that an ad placed on your video gets. As a student, you can upload study-related videos, book reviews, and even university reviews or whatever you like to share. Pro tip: make sure your video is actually helpful and of the best quality.
In this pandemic era dealing with insecurities, unpredictable changes, virtual learning, losing jobs because of COVID-19, and many more obstacles, you are probably dealing with many money problems. Consequently, start exploring the above passive income ideas and have an amazing experience.

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