What is passive income? And what are its types? What are its main sources?
Passive income is one of the three recognized types (portfolio income and active income), but here the question arises, what is passive income? What are the most important ways to generate passive income?
In fact, there are many who want to have passive income, and there are those who do not even know the meaning of this term, so in this article, I will share with you everything related to passive income, in addition to those sources that you can count on receiving passive income...
I will ask you, dear reader, to read the article from the first to the last; So that you do not miss any information that may be useful to you in understanding the sources of passive income.
So keep reading...
What is passive income?
Passive income, or as it is called in English, is the money that an individual can receive regularly (every month), without any effort or with little effort.
True, if we proceed from the semantic side of “passive income”, then some at first glance will think that this is a regular income achieved without any effort, but this is not so.
Simply put, passive income is similar to active income and portfolio income, especially at the beginning, however, the fundamental difference between them is that after a period of work, passive income brings you regular monthly money without much effort.
Hence, the adage "money for work" becomes invalid with the concept of passive income. If, for example, you work in public service or in a private company, you are required to attend and complete your tasks daily. with diligence and skill, and work to please your manager in order to get a promotion that may not enrich or fatten Sometimes hungry. It's true that hard work drains your energy and effort, your age, your health... and most importantly, your time.
Passive income does not have all these restrictions as you can earn money at any time even while you are sleeping and in whatever state of health you are, in other words, you become more financially free and from here you can think about leaving your main job, have a good time and take care of your family and your health.
4 sources of passive income on the Internet
There are many sources of passive income, so we don't have time to mention all of them here, but we will focus in this article on the most important and prominent ones, especially those related to the Internet, or as some people call it, "profit" . from the internet,” although I don’t agree with that, so I consider its online work. In any case, I will dedicate an article on this topic in the coming days, God willing.
Below I will share with you 4 sources of passive income from the Internet, namely:
1 - Earn a passive income from blogging (website)
Blogging is one of the most important sources of passive income since we didn't say who is the most prominent. A blog, or as it is called in English, a blog, is a website where a person or group of people blogs about a topic. related to news, health, cooking or photography... In other words, it is a record in which he writes articles in various fields to share with others, to exchange ideas and experiences.
A blog runs in a content management system, where it is a web page on the Internet, on which its manager publishes posts in ascending order, i.e. from newest to oldest, and includes an automated system based on archiving old articles where you or the reader can return to it whenever they want.
The best testament to the definition of a blog is the "Your Opportunity" blog where you are currently reading this thread, where I post everything related to the field of activity on the Internet.
So creating a blog (website) and publishing articles on it is one of the good sources of passive income, as over time you can earn very large amounts without any effort.
You can achieve a stable monthly income by relying on two methods, namely, firstly, Google Adsense advertising income, and secondly, by renting advertising space on your site. These two ways make you earn passive income while sitting at home, counting the number of clicks on your site, sipping your favorite coffee, and having a good time.
In order to create a website for free, and start earning passive income, after a continuous and constant work of publishing articles that people are looking for, I advise you to read this article that we previously wrote about how to create a Blogger website and make a profit from it.
2- Earn a passive income from YouTube
YouTube is one of the best sources of passive income today, so you can specialize in specific content and start making videos and uploading them to your channel.
After you reach a certain number of subscribers and your channel becomes famous, make sure, dear reader, that the profit you will make was never imagined, even when you were sleeping, relying on the two main methods of making money from Google Adsense. advertising, as well as from advertising companies that will communicate with you in a Direct way, this is called passive income. Below I will share with you a brief overview of the YouTube platform.
The Google-owned YouTube platform showed two billion (2 billion) monthly active users worldwide at its last conference, and this high number does not include people who have accounts on this platform, but there are millions of users who watch videos without having an account or without logging in, this platform is available to everyone in more than 80 languages around the world.
It should be noted, dear readers, that YouTube is constantly announcing new strategies that allow channel owners to get more profit from their channels.
For instance; It introduced a paid subscription feature that gives owners access to many exclusive features, and they can also manually place ads on videos that are longer than 8 minutes.
To be honest with you, profiting from YouTube takes a lot of time and patience, a small financial investment, and learning from the mistakes of others... to get the results you want to achieve. But be sure that YouTube will enrich you and you will receive a very, very solid passive income from it.
For these and other reasons, most Internet users prefer YouTube to other social communication platforms that play the same role as YouTube.
3 - Achieve passive income from Amazon
Amazon is one of the best sources you can rely on to generate passive income so that after working hard and continuously for a period of time, you can take a break and start earning while sitting at home. Before we introduce you to the ways to earn passive income, it is necessary to give an overview of Amazon.
Amazon is an American e-commerce company founded in 1994 by Jeff Bezos and headquartered in Seattle, Washington, USA.
Amazon is one of the largest online retail companies that generate very large sales worldwide every year.
Amazon started out as an e-book store, but it soon began to expand to include other products such as video discs, computer software, video games, clothing, jewelry, accessories, sportswear, and musical instruments.
Amazon's 2017 earnings were about $3.03 billion, an increase of 30.8%, and Amazon's share price reached $968 per share.
In 2021, the company achieved a net profit of $7.8 billion, only in the second quarter of the year (2021), an increase of 48% compared to the same quarter last year, all thanks to e-commerce and cloud services, without knowing about any slowdown despite the imposed health restrictions.
Amazon owns a significant number of subsidiaries, both those it founded and those it has acquired in recent years.
These subsidiaries include Search Engine (English: A9), Alexa internet, IMDB, Amazon Web Services, Amazon Prime, Amazon Fire TV, Amazon, and Souq.com.com.
As well as Amazon Drive, AppStore, Echo, Kindle, Fire, Music, Music unlimited tablets, Amazon digital games, and video store.
Among the main areas that you can rely on to receive passive income are the following:
Amazon Kindle
You can earn passive income from Amazon Kindle after a period of operation that can take 4 years or more, depending on the design you have developed and the books you have published. The idea of this platform is based on offering books by authors and publishers for sale in two basic formulas: either: an e-book or a paperback book.
And e-book means: these are books that you can buy and read in pdf format or buy in hard copy, and these books can be novels, short stories, scientific, cultural, historical or philosophical books...etc.
This method is not suitable for a large number of people who want to profit from Amazon Kindle, as it can be said that 90% of them are not suitable. Not being writers, authors, critics...etc.
Even if you want to write an article, a book, a story, or whatever and want it to sell well, you must write it in English or other international languages and be proficient in it in addition to being proficient in the material that you fit in.
In terms of paperback, this means: these are paper books that can be printed, or in a more precise sense, they are called daily diaries, such as children's coloring books, notes recording personal information, and notes that are used in schools and universities that represent lined pages.
In these two ways, you can sit down after a period of work and start making money, so Amazon is worth selling everything you write or develop, and the number of sales depends on its ability to create unique covers and write books that attract readers.
Merch from Amazon
Amazon t-shirt design monetization method is one of the best and best ways as there are those who prefer it to commission marketing and this process is called amazon merch.
The idea of making money from Amazon t-shirt design is based on designing the logos and graphics on the t-shirt and the process should be well thought out and planned.
For example, you can design T-shirts for specific events, targeting specific countries, such as Christmas, football events, and other international events and activities.
The sale price of one t-shirt can reach from 13.99 to 25.99 USD, and this difference between the price of a t-shirt is related to the quality of its workmanship, and if any t-shirt is sold, you get 11% or 13% of the t-shirt you designed.
4- How to make money from affiliate marketing?
Affiliate marketing is one of the most common ways to make money online and the term may seem complex and difficult at the beginning of your reading about it, but it is actually much simpler and it is this difficulty that has left many Arab youths little to know about it.
Let's take a look, for example, at Wikipedia's definition of affiliate marketing, or as some like to say, "affiliate marketing."
Affiliate marketing is a type of marketing of products or services based on communication marketing where a consumer invites other consumers to buy a product (goods) in exchange for a commission, and the first consumer also receives a percentage of the commission in case the clients sell the product to others so that the consumer stands at the top of the pyramid. And at the bottom, it has a network of customers who subscribe to it, or a number of customers who have made purchases through them, so the product sold by these companies is just a front and an excuse to earn commissions and profits.
There is no doubt that this definition was difficult for a lot of people to understand, especially those who are not used to hearing network marketing-based marketing commerce terms.
Simply put, commission marketing is about promoting a company's products by inviting friends and followers to buy that company's products through that product's link, and in return, that company will give you a commission in exchange for referring them to a customer. or client.
In other words, imagine with me - and this happens many times - when your friend asks you about the source of buying a jacket after he likes it, and you lead him to buy the same jacket in the same store, and then the owner the store gives you a reward for bringing a new customer to it.
It's just commission marketing. These links remain permanent on the video, website, or whatever platform you use. Whenever a viewer or visitor enters and buys, you get a certain amount of money, and from that, these links will work for you throughout your life, and this is called passive income.
In conclusion, in this article, I tried to first simplify the concept of passive income, and then presented 4 sources of passive income, which I find easy to implement for all beginners.
Dear reader, you cannot think about passive income while you are at the beginning of the journey, you must first work hard and hard, and passive income will inevitably come after that.
I hope you enjoyed the article, if so, don't forget to share it with those who you feel are in dire need of understanding the meaning of passive income and that they need to know their online sources.
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