Are you excited about new year 2020? So tell me what’s your new year resolution plan. If you haven’t any plan yet don’t worry we are here to help you. We’ve got a ton of great passive income ideas you can start today.
And best part of it? A lot of these side income ideas require very little work. [ Make Money 24/7 ]
so let’s start……
Hence you just need to know where to start and decide what resources you’re willing to expend for your passive income ideas to take flight.
Invest Your Money
1. Become a silent partner.
Become a silent partner means your solo responsibility is to provide a business with capital.
2. Invest in mutual funds.
Now a days investing in mutual funds are much easier than you think. You have to just be a part of Groww – mutual fund platform India’s fastest growing investment platform with 30 Lakh + users.You don’t need to invest a big amount every month you can start investing with 500 rupees every month.
3. Buy a rental property.
If you have some space which you’re not using. Rent if out to a long – term tenant or capitalize on the growing demand for short – term lodging by listing it on an accommodation -sharing site.
Start a side business
1. Start (or buy) blog.
With a little dedication and a lot of creativity, you can create a successful blog – if just might take a little while. You have to work hard in the beginning, but throughout multiple revenue streams like running ads, sponsor-ships and affiliate marketing your work will more than pay off.
2. Start a YouTube channel.
Although there is too much competition to get place in YouTube but if you are passionate about your chosen niche and provide value to you viewers, ad placements and sponsorship opportunities can help you earn a size able income.
3. Develop a mobile app.
If you have the programming skills and a one-of-kind idea, turn it into an app! The app marketplace is rife with opportunity for all kind of apps.