How to create multiple source of income with smart passive income ideas

In this high inflation world depending on one source of income can be very tough so everybody is searching for multiple source of income.

In the country, we are living in where there is no or negligible Social Security. It is high time for us to learn some new skills and work hard to generate other incomes. In the corona pandemic period of all saw that most of the things shifted from offline to online mode.

Here, I’m sharing some sources from where we can make additional money by working for few hours, chose these ideas as per your interest...

Blogging- It is the most profitable and long lasting business. It can be learned gradually and there are so many businesses are associated with it. It can be started from no investment. Anybody of any age can start this business and earn a good income.

Affiliate Marketing- it is selling products online through our own link. You can select a product which you want to sell. You are supposed to sell the product direly but you advertise the product and tell the people about its features. You can choose a medium to advertise the product i.e. social media, blog, vlog etc. It is one of the businesses associated with blog or vlog.

YouTube- It is the best platform for video uploading and leaning any skill. Any once can create video of authentic niche or as per his passion. You just need to sign in through your google account to create your channel in YouTube.

Digital marketer/ digital coach – It a business in which one can sell products through online mode. You do not need to go to market or to someone; you just need to tell people about the product through online mode. You can learn digital marketing course free on YouTube and you can start your business.

Investment advisor/ stock market trading- It is basically a stock market broker who tell people about investment ideas in stock market or in mutual fund. Interested people invest their money and the advisor gets his commission and this is his earning.

There are small investment start-ups like food businesses, beauty salon, mobile accessories store, professional dry cleaning business, car washing station, bakery/ cake making etc.

We can develop multiple sources of income from part time job/ business. It can be through developing smart passive sources of income. It can be the product where we invest our effort once and get benefit for lifetime.

Here are some of smart passive income source ideas…

Rental income (House, car etc.)

Buying fundamentally strong stocks

Create a course/write an e-book

Create an app

Put ads on car/bike

Royalty books

Fee by creating e-learning modules created and uploaded once

Smart passive income can be our most effective way to create more time in our life. For everyone time is the greatest asset. If one has time, one has so many choices. The person who have multiple sources of income he has more security. It is my assurance that he is living with a brighter financial future.