How do I earn passive income without leaving home?
Published on: Jul 15, 2019
The digital revolution has been nothing but bliss for all those wishing to make some extra cash from the comfort of their homes. Now you can earn passive income, in addition to that never increasing monthly pocket money of yours without moving leaving your house. Passive income is any amount that you earn without putting in too much of an effort, so it’s not like becoming a pilot or engineer after waiting for the completion of your college degree. It’s more like spending a few hours in front of the camera, recording & putting it out on YouTube for the world to see. The higher the number of views on your video, the higher will be your ‘passive income’, which keeps coming in, as long as your video is up there for the public to see, like, appreciate & share!
5 Passive Income Ideas
These are a few brilliant passive income ideas that you can use and earn money without having to leave your comfy couch.
1. Start your YouTube channel
One of the most popular ideas being worshipped around the world is that of a YouTube channel. All it takes is signing up and you’re good to go! This is the form of passive income that people of all ages, not just students, but everyone can do. Setting up your very own YouTube channel is fairly simple, & it will take no more than a few minutes to create a channel. Next step is to brainstorm content ideas, get inspiration from popular YouTubers and create original content to post on your channel. The more your views per video and subscribers, the higher will be your income figure!
2. Become a blogger
Another one of the passive income ideas for students in Pakistan is to start a blog if you have a knack for writing. Even if you’re not up for writing, you can blog about food, or lifestyle or things that you generally like in life. So, first and foremost, find your niche! What fascinates you? Is it fashion, lifestyle, food, or something else? Once you have figured this part out, you are good to go! Start your own blog on word press or any social media platform you like, Instagram perhaps. This isn’t all! In order to make good money, you must monetize your blog with ads and placements. Affiliate marketing pays.
Now you can earn passive income, in addition to that never increasing monthly pocket money of yours without moving leaving your house.
3. Freelance your way out of financial crisis
It won’t be wrong to say that Freelance is the in-thing! It is one trend that you can be sure will not go stale anytime soon. It is increasingly becoming the preferred choice for students and people who can’t manage the robotic 9 to 5 office routine, but they need the money.
Freelancing is best if you’re unemployed or school going but you aspire to make some extra cash. Fiver is a popular freelance online job portal that has provided people around the world opportunities in several disciplines. So, don’t take ‘freelance’ as writing oriented job only. It goes beyond, be it graphics designing, transcribing, website building & development & SEO, the opportunities are limitless.
4.Tutor
In this case, there is a pre-requisite that needs fulfilling. You need to have sufficient and up-to-date knowledge and skills to be able to transfer these as an online tutor. If you have that, just create an online profile on Udemy or any similar website and start teaching. Choose a subject you can easily manage, upload its video lectures and help students that are looking to learn. It’s like a virtual learning environment, but for you, it’ll be your virtual teaching space, one that pays great money! Use what you know the right way by becoming an online teacher, and make as much money as you’d like.
5. Put your stuff up for rent
The easiest way to make extra money is by renting what all you own and things that can be rented. You can’t rent your broken TV, okay. Find a possession of yours that’s sitting idle & put it up on rent. Let’s suppose you have a car that you don’t use as often. Simply list it out on Careem and start earning.
Or simply rent your study material, or maybe part of your dorm room or may be even your console. Look around, you’ll find things that are lying around - things that can be utilized the right way.
If you are someone who has financial issues, these passive income ideas can really help. Choose one idea from the list and start earning today! Don’t procrastinate.