Having a passive income stream ideas can make your life easier and allow you to sleep better at night. But, before you start jumping into the fray, you need to know the basics. Here are some of the top ways to earn a little extra cash without having to do much.
What is the easiest source of passive income?
One of the easiest ways to make money is by offering services. For example, you can offer tutoring or design work. These services can be scaled up or down depending on your availability.
Another way to earn a passive income is by renting out a room on Airbnb. You can also look into renting a car through Turo or Lyft.
You can also earn a passive income by promoting a website through social media. A blog is a great way to engage readers, and many bloggers pay someone to manage their social media accounts.
Using your coding skills to build a free app is a sure fire way to make some extra cash. You can then get paid every time that app is downloaded.
For a really cool and easy to implement passive income idea, consider creating a shopify storefront. You can then link your storefront with the Digital Downloads app. You can then begin selling digital designs.
If you have a knack for writing, you can get paid to write articles, reviews and other content for other people. The right tools and training can make the job a breeze.