Passive Income


Chrisnoblet3

Uploaded on Nov 17, 2022

Category Business

PPT on Passive Income

Category Business

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Passive Income

Click to edit Master title style 1 ICnlticrokd tuoc etidoint Master title style Passive income is a money stream that requires little or no continuous effort. As a business model, it’s largely self-sustaining; often, passive income involves some kind of upfront or initial investment that generates long-term steady gains. 2 2 Source: www.coursera.org WClhicakt tios peadsits iMvea sitnecro tmitele? style Passive income is the opposite of active income. With active income, you are paid for the work you continuously do. Most careers or side hustles qualify as active income. 3 3 Source: www.coursera.org HCloicwk ttoo medaikte M paasstseirv eti tinlec ostmylee? When people talk about “earning money in your sleep,” they’re referring to passive income. Traditionally, you would do this through financial investments. Nowadays, many creatives start a passive income stream by creating a digital product that you can sell repeatedly. 4 4 Source: www.coursera.org MClaickke tfoin eadnicti aMla isntveers timtlen stsyle Financial investments include a range of options, such as investing in the stock market, mutual funds, bonds, and peer lending, and they require minor follow-up work as they accrue interest. Work with a financial advisor to figure out the best investment options for you. 5 5 Source: www.coursera.org OClwicnk at or endtiat lM parsotpeer rttiytle style Rental income can be a steady way to earn extra money, but, whether you house long- term tenants or short-term renters, this passive income source comes with all the required maintenance of regular home ownership. 6 6 Source: www.coursera.org CStlaicrkt ato p erdinit -Mona-sdterm taitnled sthyolpe You can sell your original designs on shirts, hats, mugs, posters, and other products, without dealing with inventory and fulfillment by opening a print-on-demand shop. 7 7 Source: www.coursera.org CSelilcfk p tuob elisdhiti nMgaster title style If you have a wealth of knowledge or an idea for a story, you can write a book and sell it online. Many people choose to use a service like Kindle Direct Publishing, which enables you to transform your words into an ebook or print edition and sell it on Amazon. 8 8 Source: www.coursera.org CSleicllk wto rekdsihte Meatster title style There are several places where you can upload and sell worksheets online. Typically, the way this works is you create a printable worksheet and upload it to a website like Etsy or Teachers Pay Teachers, where people can pay to download and use your creation. 9 9 Source: www.coursera.org SCelilcl kt etmo pedlaite Msaster title style If you enjoy creating digital organization systems in programs like Microsoft Excel or Notion, you might be able to sell your templates. Many people monetize their creations on Etsy or other online marketplaces. 1100 Source: www.coursera.org Clriecakt eto c eodnitte Mntaster title style If video is your medium of choice, you can earn money by uploading your original creations to YouTube and setting your account up for monetization with the YouTube Partner Program. 1111 Source: www.coursera.org