People that want to generate extra income without doing a part time jobs. Passive income is actually a way to earn a regular income without working much. At the start you have to work a lot, but once you streamline the passive income source, you do not have to work to earn income, and you will get the returns of your work without doing more labor. Following are few ways to create passive income:-
Passive Income by Writing The Book
When you write a book, and it is published that means you will earn money on the sales of that book forever. You can publish your book yourself or you can also go for a publishing house.
Passive Income by Developing the App
Developing smart phone apps is another effective way of generating passive income for an unlimited period of time. You will get the money whenever someone downloads your app. The popularity of these apps is increasing as the number of smart phones are also increasing. This is the most popular way of creating passive income.
Passive Income by Blogging
Create a blog site in the area of your expertise, and choose some evergreen blogging topics such as “how to” type of articles are never go outdated. Once you are able to put some good and popular contents on your blog site you can earn passive income by hosting the online ads.
If you think you are a good writer, online article writing is perfect for you to earn some handsome passive income. If you are able to approve yourself for about.com website as an article writer you will be paid for your articles in the first two years, and after that you will be paid according to the page views of your written articles. Once you are able to put your efforts in the initial two years, you can get passive income for coming many years.
Creating a Video on YouTube
If you think you are good at shooting videos just create a video and put it on YouTube. Once your video gets popular, you can run online ads on that video and generate a good amount as passive income.
If you have an interest and passion in the area of photography than the best way to generate passive income for you may be selling your photos. In this regard Shutterstock is a good place for sale your photos. Mostly, photographers get commission on the sale of their photos which ranges from 25 cents to $100 depending on the quality and experience.
Design a T-Shirt
Another way of earning passive income is design a shirt and place it at Threadless, if you designed T-shirt gets popularity the company will use your designed shirt in their next batch of shirts and you will get some cash in return from the Threadless.
Invest in Stocks
This is probably the oldest way of earning unlimited passive income. You just have to invest money in stocks and keep an eye on the prices of that particular stick so that you can buy and sell the shares whenever you see the opportunity to earn profit.