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Many people believe that setting up a stream of passive income is a dream come true that lets you make money while you sleep. Though that might be true, to start earning passive income online a lot of effort, skill and investment are necessary. To earn a passive income you either have to invest a lot of monetary assets or invest a lot of time but in either case, you’ll successfully establish a solid stream of passive income online. There are a lot of different methods to earn passive income online but some require more effort and investment than others. To help you choose passive income opportunity to focus on we’ve chosen the more profitable business opportunities to earn passive income online.
Sell eBooks Online
Self-publishing a book has never been easier. When you buy a book from Amazon it’s highly likely that the book was self-published. All you have to do to publish a book on Amazon on your own is to write, create a cover and then upload it to an online publishing program such as Amazon’s Kindle Direct Publishing. But keep in mind, to see considerable passive income you’ll have to spend a lot of time marketing it to get sales.
Rent Your Room
Shared economy business are on the rise which means that if you have a spare room in your house then you can rent it out on the short term to someone. Sites like Airbnb have made it easier than ever before to make money of spare rooms in your homes, Millions of people use Airbnb to look for rooms to stay in when their visiting abroad or are in your city for a few days. The process is pretty simple, you just make a listing of your room or home on Airbnb and wait for people to contact you. This is a great way to make passive income without putting in too much effort.
Sell Stock Photos
Have you ever wondered where websites, magazines, and blogs get all the pictures for their posts? The pictures are usually bought from a stock photo site where people can upload the pictures they’ve taken. If you’ve got a camera and skills in photography then you can submit the photos you’ve taken to stock photo sites and earn when people buy them to be used in their posts.
Create An Online Course
Do you have something you’re good at? Why not make a video course about doing it? Selling video courses online on sites like Udemy can help you set up a source of passive income in the short and long run. Making an online course that solves a problem or fills a need is the perfect way to attract an audience.
Develop WordPress Themes
Developing WordPress themes and selling them through sites like ThemeForest is a great and extremely profitable. When someone starts a site or blog today it’s highly likely that they will be using WordPress to manage their site. ThemeForest is the go-to site for web developers and can easily help you set up a source of passive income that just might earn you more than your real job!