The Internet offers us many options to generate income that do not require our active participation.
A couple of weeks ago we shared some ideas to generate income using the most popular social networks. This week we bring you more options to earn money, but this time we will be focusing on passive income.
First of all, it is important to explain what a passive income is. In its broadest definition, passive income encompasses all income that does not require the active participation of the person.
Now, it DOESN’T mean that this income is magically generated!
“Passive income is that which is received without the need for your physical presence or direct action”
Lifestyle Al Cuadrado
In order to generate passive income, it is necessary to invest time and effort on the project at first, but once everything is running, you will have to do practically nothing.
Here are 5 options you can use to generate passive income on the Internet:
1. Upload and sell your photos
If you are one of those people who loves taking pictres, this option is ideal for you. And you don’t have to be a professional photographer!
There are several platforms, for example istockphoto.com, where you can upload your photos and receive money every time someone downloads one.
Remember that the better your photos are, the more chances you have of getting paid.
2. Create a YouTube channel
Whether you like traveling, cooking or makeup, a YouTube channel will give you the opportunity to share your knowledge … and also earn money.
Once you choose the topic for your channel, we recommend that you upload short and entertaining videos that capture the attention of the public.
This method of earning passive income can take some time because you have to accumulate a good number of followers, but once you have them you can earn a lot of money.
3. Create a mobile app
The revolution of smartphones and mobile devices has created a big market for apps. So, if you have a good idea for an application (no matter how simple or complicated it is), don’t hesitate to develop it.
Once your application is created, you can earn money for downloads or placing advertising within the application.
4. Make a podcast
A podcast is a periodical digital publication in audio format that you can download from the Internet. It’s kind of like a radio show.
As with creating a YouTube channel, a podcast will give you a chance to earn money while sharing your thoughts and ideas on a specific subject.
To generate income with your podcast you can charge for the download of premium content or you can also get brand sponsorships for mentioning their products or services.
5. Create an online course
This option requires a little more production and time but it is still very viable for those people with a lot of knowledge of a specific topic.
For example, if you know a lot about web design you can do a course focused on this subject.
There are different platforms on the Internet where you can sell these courses and once they are there you will receive money every time someone downloads them.
The Internet offers us many options to generate income passively. It is just a matter of finding the option that best suits our specific talents and abilities. Surely one of the options that we have mentioned is ideal for you!