Did you know why rich people become richer?
There is passive income
Quotes by warrenBuffett- 1. The most important of the Warren Buffett quotes: “Rule No. 1 is never lost money. Rule No. 2 is never forgot Rule No. 1.”
RobertKiyosaki said - “The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.
In this article we know about what passive income is
DEFINITION
PASSIVE INCOME
And we will disuses about 12 implementable ideas
At the end I'll give you a master tip to implement the ideas which are best for you
So read the blog till the end
Welcome guys in my article (Quoteslifefact)
There is main two types of income
1 active income
2 passive incomes
Active income is income received from a job or business venture that you actively participated in. Examples of active income include wages, salaries, bonuses, commissions, tips, and net earnings from self-employment.
Passive income is a money stream that requires little or no continuous effort. As a business model, it's largely self-sustaining; often, passive income involves upfront or initial investment that generates long-term steady gains
In passive income there are two types
1 Digital
2 Nondigital
Hare, I will share you about
6 ideas about Digital passive income.
You tube
Blogging
Affiliate Marketing
E-Commerce
Online course
Sell Stock Footage
6 ideas about nondigital passive income.
Insurance
Real Estate
Car Renting
Books
Mutual Funds & Stock Markets
Airbnb
Digital products are great passive income sources because they have high profit margins. You only must make the asset once, and you can sell
First passive income idea
Digital method
You tube
In India 45 crore people watch YouTube
In upcoming days there will be become 70 crore or more there is a large scope to earn with YouTube it's a large market with big opportunity there is a lifetime income with YouTube
Ex If you made a video or shorts today it will give you income lifetime by the views
One time investment lifetime source of income
Some people things there is only income with
ad revenue but it's not true
There is 13+ income sources (YouTube)
1 ad revenue
2 affiliate marketing
3 brand deals
4 memberships
5 merchandises
If you understand more about the comment, I'll tell you more details about this...
2 Passive income
You know well that in google 8,50,00,00,000-time people search something in google in result there are showing lots of pages and it’s a large growing industry I'm talking about blogging
I know some people who are earning more than 1 lakh per month from blogging, and you can start your blogging as a part time also with zero investments
There is main two platform are available
1 blogger.com
2-word press
If you are intresting in writing, you can start today because people search in google a lot of things and it will give you return in feature and daily basic and it will build your passive income
There is a lot of topics for writing
1 Quote
2 Finances
3 Biographies
4 Sports and more...
If you are interested in blogging, I tell you complete details about this how-to set-up step by step
. Creating blog
. Topic selections
. Website deigning
. Built income source
There is a hard ship in every work
Money says you work hard ill come
3rd idea
Affiliate marketing
If you do not know about Affiliate marketing I'll tell you a short summary, it is very simple.
What is affiliate marketing?
If there is some product of some company/ services
And you will suggest to people to buy it you will get some commissions on it in another word you can say some percentage.
There is a lot of way to earn from affiliate marketing
Passive income
Digital method
affiliate marketing
Example
If you are making YouTube videos and suggesting people
If you want some
Product
Service
You can visit here for right product and again you will get some percentage on it
You can do same from blogging
In India there are a lot of people who are earning with affiliate marketing it is growing every year 10% to 20 %
4th idea
E commerce
There are lots of income to earn from E commerce
Today I tell one of them step by step
Take some product
Make your own product
Buy from factory
Either take from Hole sell
Make a page around the product or
list it on flip kart, amazon
Now
Find some logistic partners like
Ship rocket, amazon FBA
Now everything is ready next step to do is advertisement campaigns now your earning will be start
3,50,000,00,00,000 industry it is next 3 years it's become more then 9,00,000,00,00,000 if you do hard work in this you will also become one of the next 1% richer
This is a short summery if you are interested comment below, I explain you in more details
Passive income in digital method
Online course
Teachers
Coaches
Tutors
If you are interested record your video, make a course
And sell it on different platforms from here your earning will be start.
People buy your courses it will give benefits you and them also at simple as it is
One time work lifetime earning
If you are masters in subject, skill demanding Knowlege create a online course and sell it
Host it on ED-TECH platform
Udemy
6th idea stock footage
Maybe you know about these names
Getty images
Shutterstock
This is also a big industry take it an example that any industry will need images for there
ADS
WEBSITE
PRODUCTION
PRESENTATION
For fottage like photography or video from this big industry are buying photos and videos from this platform
If you have uploaded an image or videos they will buy, and you will earn some platform gives you 20% To 60% profit every year this company is growing Up to 5%
Sandeep Maheshwari
CEO & founder of
Images bazar
Passive income non-Digital
1st Insurance
Current insurance consumer rate in India 2%-3%
Current insurance consumer rate in world 7%-10%
Current insurance consumer rate in developed countries 60%-70%
It grows every year with rate of 18%
How to earn with this?
If you shelled
Helth Insurance
Car Insurance
Life insurance
Then your earning will start from this
Strong relations building
Strong efforts
Sold
Yearly renewal
You will get regular commission on this
For example, if you have done insurance of 20 lakh
Commission
2.5% = 50,000
5 insurances sold
2,50,000
People who are earn lots few examples are
Bharat Parekh
Financial and insurance servicrs pvt
Ritu Nanda
Indian Businesswoman and insurance advisor
Ravi Jethani
Founder and Sole proprietor of beyond life
He has started from part time
Now he is doing full time. Started in 2002
RS 3,00,00,000+ Yearly commission
2nd is real estate
If you don’t have time and you have money, then this for you
If you have investment in some properties like land, houses
It will take a time few year to build after a year your assist rate will increase and rent and give you a
multiplications effect
There is also a formula to grow
. calculations
. Formulas
. Saturated area
. No growth
. Upcoming area
. Appreciation in gov scheme
Non-digital passive income
3rd car renting
Like- ola, ubar
They don’t buy their own cars they take car in rent if you have a care convert in commercial if you don’t have buy and convert it don’t have money then take it in EMI
Take some examples
OLA
If your car done 5 trips in one day
Fare of per trips 500
500*6 = 3,000/day
3,000*30 = 90,000/month
Drivers' salary 15000
Fuel & maintenance
-20,000/25000
OLA commissions
10,000/15,000
Car Emi 10,000/15,00/month
After this you will get all most 20,000/25000
In the end of month, it's your own income
4th non-digital + digital
Books
It is very satisfying income source
Impacting lives
Giving value
Entertaining them
You can easily earn income from this
A book holds the power of to change lives
If you have intresting in writing write a books story and earn you passive income in book – Great book content
Value
Entertainment
Suspense
Today's hard work its gives futures returns in each book selling
Market size of books
8,00,000,00,00,000
Yearly growth 20%
Digitally way is
E Book
No investment
100% profit
Great writing
Some of the grate writer who become a milliners
- J.K rowling
- Jack canfield
- Robin Sharma
- Sidney sheldon
5th Mutual Funds & Stock Markets
If you have time, then you can earn with Mutual Funds & Stock Markets its needs
. Time
. Understanding
. Knowledge
. Technical Trading
Start with – little time, small amount,
Good Source of Passive Income
6th Airbnb
If you have property list, it on Airbnb and you can earn
It’s a type of rent tourists come live and pay
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