Passive income is the income which you earn by not actively working on something. Many individuals are earning this type of income while working on their regular jobs. Some are generating money from not only one but from multiple platforms. So many times earning passively becomes more convenient for some people and they quit their job to dedicate all their time to their side hustle, but is it actually possible to make $1000 every month through passive income.
When we think of doing something extra along with our job most of the time we think of making something about 25-30% of what we are earning via our job. We do not think of making our side hustle our main source of income. But if we can earn the same amount or maybe more which can be earned from a regular job then it definitely ought to get all our attention. Making something like $1000/month is very tempting but I think its entirely possible to do that.
Yes, you can make a good amount by earning passively. By generating income passively you can become more financially independent and the master of your own time but how do you do that. There are number of ways which can help you make $1000 each month passively. With these methods you can say goodbye to your job and be your own boss.
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Ideas that can help in earning $1000/month passively
- Youtube channel – People start youtube channel not only for their passion but also for generating good income. Youtube gives money for the number of clicks or view you get on the ads running against your video. With in some time if you get sufficient viewers you can easily make $1000 every month. There is also a possibility of getting sponsors for your videos so that can help you greatly.
- Blogging – Earning money through blogs is almost same as youtube. You get paid for the ads running on your blog posts. With good amount of readers for your blog you can make decent amount of money. Affiliate programs can also help you in your earning through blog.
- Writing a book – If you are a creative person then you can use it to earn some money for yourself. You can write a small book of around 100 pages and sell it on amazon. You can earn through royalty for your book.
- Selling your design – If you are a web designer then you can design number of logos or pages and sell them through sites like Elementor. You can easily make $1000 with your designs.
- Photography – If you a photographer and can actually capture quality photographs then you can earn commission for them by making them available online and license them on sites like shutterstock, istock and many more. Whenever someone will use your photograph you will get commission for them.
- Stock market – It is one of the major source of earning for lots of people. You can easily make $1000 every month by investing in some good stocks. You definitely need to have some knowledge about stock market and there is also a chance of losing your money. So, Invest accordingly and at your own risk.
These ideas can help you make a good amount of money for yourself. You can always do multiple things together and earn $1000 through all of them collectively. By doing that there is no pressure on you to depend on only one thing to work. You can earn small amount from all of your side hustles and make it $1000 monthly.
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