Money is King and who does not want some more of the king in their pocket. In fact, more than want earning some more cash has become a necessity. We all need to earn some side income, especially after the rise in cost of daily living after Covid-19. This article tries to help you do that by giving you some business ideas to earn more money.
What is Passive Income?
Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. In essence, you can do most of the work upfront and put some additional effort along the way to earn an income.
For example, if you create an online course, you just need to update its content to keep the money flowing.
You’ve probably heard the expression, “make money while you sleep.” That’s the biggest draw that entices people to earn passive income.
You can create something (a blog, course, ebook, videos, or an online store) that generates money even when you’re not working. Or you can make passive income investments (property or stocks) that allow you to earn passively.
But, whatever passive income you try to earn, you should always be dedicated to your job or business, which are your source of active income. I am telling you this because they are the ones that bring the bread and butter to your table.
After reading that article if you still want to gain some more knowledge on earning some extra cash, here is a video that might help.