Passive income is when you earn money with little to no ongoing effort after the initial setup is done. Unlike active income, which requires continuous labor or services, passive income streams generate revenue consistently without needing constant attention.
Blogging can be a highly profitable way to earn passive income, but it requires time and effort to build up initially. Once your blog gains traction, you can monetize it through ads, sponsored posts, affiliate marketing, and selling digital products.
Digital products, such as eBooks, printables, templates, and software, can be a great source of passive income. Digital products are great as you can sell repeatedly without any additional production costs.
It's important to note that some forms of passive income, such as creating an online course, developing a mobile app, or building a blog, require a significant amount of work upfront to set up. Once established, these income streams can become passive, generating revenue with minimal ongoing effort.
Collection
[
|
...
]