In the tech and finance world, there are many ways to earn a living from passive income. The new economy is a place where an individual can spend time for a few hours of work, so they can do what they love all day. Money doesn't have to be earned by going to a 9-5 office job earning minimum wage, so if you want passive income, keep on reading.
The first way to earn passive income is by buying, selling, and creating digital art. There are many websites like jungle where you can upload your own art and give it a price based on how much money you want out of it. Then people who want to buy your artwork will offer their price. This gives you the opportunity to negotiate with them until a deal is reached, or they decide that your asking price is too high for them. Digital art has been at the same level as paintings since 2011, with prices going up between 32% – 59%. If you're interested in this type of work, then start looking for online jobs. You can make your own art and sell it on these websites for passive income.
Another method of passive income is by writing and selling an e-book. E-books are becoming more popular in the tech world; they can be created through any programming language, including Java, Python, or even HTML5. Most websites like Amazon allow you to upload your own book for free, with royalties when people buy it. These royalties will come in each month until you decide to close down your account or upload another version of your book. With this type of work, all that's required is some time to research what material should be included in the book before taking action on uploading one to the internet. It might take a little while for the money to start piling up, but after enough time has passed, it's likely that you will have made a decent amount of passive income.
The third way to earn passive income is by investing in cryptocurrencies. Many people have made more than $20,000 by simply purchasing Bitcoins and other cryptocurrencies long ago. There are many ways for you to invest in these sites where you can purchase Bitcoin through your debit/credit card with little effort. The prices of most cryptocurrencies tend to go up daily; it's important that you do extra research on the currency before making any big purchases. If you don't want to buy goods with bitcoins directly, use a service where you can trade them with Amazon gift cards or items at eBay. This is one of the easiest ways to make money online because all it requires is some time spent researching cryptocurrency news articles and a bit of patience.
The fourth way to earn passive income is by building a mobile app that has revenue. There are many ways to go about this. Some apps might not make you any money at all, others might be able to generate it passively without much effort from you after the initial development of the app. The best thing about making an app is that once it's done, you can instantly put it on Google Play or Apple Store for people to download and use for free. If your app becomes popular enough then over time, the number of users will increase and with a bit of luck, you can generate a significant amount of passive income.
The fifth way to earn passive income is by saving your money in a savings account. The interest rates are usually pretty high for saving accounts. Especially the ones with online banks like Ally Bank or HSBC Direct. Most banks offer upwards of 1% return on your savings. This means you'll only have to deposit $100 initially and after 20 years, it will become at least $3000 depending on how much they give back each year. Of course, this percentage varies depending on what bank you use. But, there are many that offer great deals if you take advantage of them. If you don't want to put away your money for 20 years, then just stick around until you accumulate enough cash to take out safely. This is one of the easiest ways to make money online. It requires little effort and time spent depositing your own cash into a savings account.
The sixth way to earn passive income is by selling old electronics. Think, televisions, video game systems, or computers. Use sites like Craigslist or eBay to sell them for cash. The items might not be in perfect condition, but as long as they turn on and work fine, you'll be able to make some extra money from them. If you want to sell your items locally, then try using Craigslist. Often these people will come to pick up your item directly from your house and give you hard cash once they test it and see it works. The good thing about Craigslist is that you don't have to pay a commission. So, you may get more money from selling your items there. When selling old electronics online, try to research the going price of similar items before posting yours for sale.
The seventh way to earn passive income is by using your car. Many people are able to make over $2000 per month by driving for Uber or Lyft. However, most of them tend to drive during peak hours in order to receive the highest amount of pay possible. If you're only driving a couple of hours each day, then this is probably not the best option. You'll spend more time driving than actually making money with it. Plus you won't be able to work if your car isn't working properly. This can cause problems when trying to pick up passengers. The good thing about these services is that they pay well compared to many other options. Therefore, if you're interested in making an extra $20-30 per hour while also having some fun, then try driving for one of these companies over the weekends.
So, there you have it: a list of 7 ways to earn passive income! Which one is your favorite? Do you already make money online by using one of these methods? If yes, you will be earning money in no time! Good luck!