waystoearnpassiveincome - Read Within

Everyone of us at some point in our life think about doing something extra to earn some money. This extra is known as the side hustle. It could be anything like starting some small business alongside your job or investing in real estate or in stock market. But most of the time we just keep on thinking instead of actually doing something. In this overthinking we lose some of the opportunities to get some extra money in our pocket. One of the reason for this overthinking is that we are not sure whether it will be beneficial or not . In this blog I will talk about some important things to know about the side hustle.

Some of us think that we can’t do anything alongside our job. We think that because our job takes up all our time or we don’t have energy to do anything else. This thinking stops most of us to achieve something we always dreamt of. Whether its freedom of our time or desire to spend money freely. With the help of side hustle we can explore different types of work and that work can turn out to be more satisfying and rewarding than our current job.

There are various ways you can earn extra money online. You can

start writing a blog
make youtube content
become an affiliate marketer
sell your product online
do online surveys

These are some good ways to earn online and if you are wondering about whether you should do it or not checkout this blog

Why you should start a blog now?

I suggest you to start a side hustle now and before you start you need to know some important things about it and some of them are as following

1. Side hustle takes time

Whatever you decide to do as your way of earning extra money its going to take some time to show results. You may read articles or watch videos about how easily you can make money online. But in reality it takes your effort, hard work and little bit of time to actually start earning from your side hustle. For example if start writing a blog or make content on youtube it could take you three to four months to get your first earning from that. So you need to be patient and consistent with your effort.

2. Choose your side hustle wisely

Whether you are thinking of starting a youtube channel or starting your side business, you have to decide carefully. Like I said before, your side hustle takes time to generate your first income but it also needs your time and effort to do so. Whatever you choose to do, you are going to put your effort and time in it. You don’t want to waste your valuable time in something that you don’t want to feel like doing after some time. Before making a choice learn all the necessary things about your side hustle and then make your first step.

Even something as easy as starting your blog will need you to dedicate yourself to it. You don’t want to invest all your energy into something that you will abandon after some time.

If you are wondering about some ways to earn online then I will suggest you to definitely checkout this blog

5 Best ways to earn money passively

3. Nothing is free

You may have seen or read about start earning free from online platforms. Let me tell you there is no absolute free method to earn online. If you are thinking of starting a business then you will definitely need some money to get started. You need money to invest in stock market. If you want to write a blog, you have to buy a domain and hosting name first before you start.

You may say that starting a youtube channel is free which is true but I think that is true only if you have a smartphone and a laptop or computer. I said laptop because unless you are very good in editing and you can do it on your phone you will definitely need a laptop that can help you.

Only free way to earn online is doing an affiliate marketing. You can do that on your facebook or instagram page but earning from affiliate marketing can be difficult for the beginners. It will require a help from your friends and followers in order for you to earn your first income.

These are some important things in my opinion that you need to know before you start your side hustle. I think its best if you do something in the side that can help you in making some money for yourself. If you find this information helpful do share it with more people.

Have you ever wondered if you could put your effort into something and get money out of it for lifetime. You can earn money while sleeping, travelling, having dinner with your family. You can be your own boss and can have the control of your time. Earning money from comfort of your room is a dream of many and it can be achieved through some online platforms. In this blog I’m going to tell you about 5 best ways to earn money passively as a beginner.

Passive income is basically the money you get for a work which you did in your past. For example if you produce some kind of music and you sell that to a music company and get royalty for it then that means whenever that music will be used by that company you will get your share of money of whatever the company will earn from your music. As a beginner in this topic you can use these 5 ways to get started and earn some extra money for yourself.

5 ways to earn money through passive income

1. Blogging

Blogging is basically your website which you use to share your knowledge about particular things. Like if you are into technology and gadgets then you can make a blog about new or old tech gears. You can write about comparison between two gadgets and much more. With this the other people who love to know about these things will potentially read your blog can become active readers of your blog. With time as the number of your readers will increase your earning will also increase. Bloggers can earn anything between $1000 to $10000 in the beginning through their blog.

When you get decent number of readers on your blog you can monetize your blog and earn money from it. More the readers more the money. You can also use google adsense program on your blog to earn more money. Affiliate marketing can also used to earn money from your blog. There are many other ways you can use your blog to get some extra income.

Check this link below if you want to learn about how you can start your own blog and start earning from it.

Why you should start a blog now?

2. Making YouTube content

One of the best ways to earn passive income is from Youtube. Everybody watches YouTube whether its kids, adults or old people, we all love watching videos on YouTube in our free time. You can make videos about anything on this platform, there are plenty of options for you to choose. You can make and upload tutorial videos, cooking vlogs, travel vlogs, reaction videos and many more and earn some money out of it. Now its more convenient to get your income from YouTube that is by making Youtube shorts.

With in some time Youtubers start earning between $100 to $100000. Your earning will totally depend on your content and you just need your mobile phone and little bit of creativity to get started and earn for yourself.

3. Stock Market Trading

Stock market has the potential to make you more money in short time. But it also has its risk involved. Stock market trading is buying and selling the shares of a company. You can buy at low rate and sell when the prices go up and earn profit from this deal. To get started in stock trading you would need to invest some money first. You have to be careful in investing your money. I will suggest to trade in the stocks of the well known company in the beginning. In stock market you can buy or sell your shares on the same day or you can hold them for as long as you want.

Stock market is one of the best way of long term investment, if you choose your stocks wisely you could get a lot of benefit from it. Trading can also result in the loss of your money if the value of the stock in which you invested goes down. In the beginning start with less money and learn about the market. How market goes up and down, what effects the market and also learn about the companies beforehand in which you want to put your money in.

4. Affiliate Marketing

One of the most successful way to earn money online is affiliate marketing. Affiliate marketing is basically the making recommendation of the product and if someone buys the product from your recommendation, you share the profit of that product. You can promote and put the link of the product on your social media and whenever someone buys the product you earn money. Easiest way to start doing this to use amazon’s affiliate program. You can promote any product from amazon on your social media and make some money out of it.

You can do affiliate marketing on your blog or through your youtube channel too. So that’s the one more way to earn from your blog and youtube channel. Apart from amazon products you can do affiliate marketing for the books or any other product you like.

5. Sell your product online

If you are an artist or wants to do some business, you can use online platform to sell and earn for your service. You can use shopify or amazon to start your online store and sell your product. If you are good at something, you can teach online through various platforms. Online tutors can easily make $20-$40 an hour. You can also use your blog to sell your art or product. With this you can start your business with almost no money and earn profit for your services.

These are the five ways to earn passive income for the beginners and not stay dependent on your job for money. Coming time is going to be the time of earning digitally and its best if you start now. Side hustle is best for your wallet and you can potentially earn more than you are earning right now.

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Side Hustle-Some important things to know