By Divya Jain
July 19, 2023
Generate continuous passive income by investing in residential or commercial properties.
Generate passive income by renting out your car through a car-sharing platform or by leasing it to individuals or businesses.
Monetize your social media presence by partnering with brands and promoting their products.
Invest in fixed deposit schemes offered by banks or financial institutions to earn passive income through regular interest payments.
Share your expertise and knowledge by teaching online courses or offering tutoring service.
Turn your property into a homestay or vacation rental, earning passive income by hosting guests and providing hospitality services.
Invest in stocks, mutual funds, or exchange-traded funds (ETFs) to earn passive income through dividends, capital appreciation, or interest payments.
Create a blog and monetize it through advertising, sponsored content, selling digital products to generate passive income.
Develop and sell online courses on platforms like Udemy or Teachable, utilizing your expertise to earn passive income.
Start a YouTube channel, build an audience, and earn through ad revenue, sponsorships, product promotions, and YouTube Premium subscriptions.
Invest in REITs (Real Estate Investment Trusts), which allow you to own shares in income-generating real estate properties, providing passive income through regular dividends.