10 Best Must Try Passive Income Ideas To Start Right Now

Passive income is a type of income that requires little to no ongoing effort to maintain. It is a way for individuals to earn money without actively working for it. Passive income streams can provide a valuable source of additional income, particularly for those looking to reduce their dependence on traditional employment.

There are many ways to generate passive income with little startup cost. Here are 10 ideas to consider:

1. Corporate housing: Rent out a spare room or property to business travelers on a mid-term basis through a corporate housing platform. This is an excellent way to generate passive income.
2. Short-term rentals: Utilize vacation rental platforms like Airbnb to rent out a spare room or property to travelers on a short-term basis.
3. E-book publishing: Write and self-publish an e-book on a popular topic, and earn passive income through sales.
4. Create an online course: Use a platform like Udemy or Teachable to create and sell an online course.
5. Affiliate marketing: Partner with companies to promote their products on your website or social media channels, and earn a commission on sales.
6. Create a mobile app: Develop a mobile app that generates revenue through in-app purchases or advertisements.
7. Create a YouTube channel: Post videos on YouTube and earn money through advertising and sponsored content.
8. Create a podcast: Start a podcast and monetize it through sponsorships and advertisements.
9. Sell print-on-demand products: Use a platform like Printful to create and sell custom products like t-shirts and mugs.
10. Create a dropshipping store: Set up an online store and partner with suppliers to sell their products, handling all the marketing and customer service while the supplier handles the manufacturing and shipping.

It is important to research and carefully consider the potential risks and rewards of any passive income venture before diving in. However, with a little creativity and effort, it is possible to generate passive income streams with minimal startup costs.

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