How to earn Money
Every people need Money , and want Earn Money
Two Types of Income
- Active Income
- Passive Income
so first talk about Active income
Active Income ;-
Active income is when you get paid for your time. You’re exchanging your time for money, so that could be a job, Mobile Shop, Real state consulting, public speaking or a service that you might provide.
Essentially you’re exchanging your time for money. It’s active because, in order to make the money. What happens is when you stop working, you stop providing that service or putting in the hours or time, then that income basically stops. , Active income is depend in your work, your time and your energy. That’s the 1 form of income that most people make. Most people have a job, most people have a service, a business that could be a service as well, because you can definitely make active income on your job or in a business
Our Indian People Believe Active income . he want job in big organization . so Income is only depend in time and work , It could be based on a service that you might provide. It could also be if you’re a freelancer, maybe as an online freelancer. A graphics designer, a web designer, you get paid for your creation .That mean You spend time to get Money. So People who work in 9 to 5 work then earn Money it is active income.
Active income source
- public speaking
Passive income is basically some system of automation that you create, whether it’s a product or even a service you can automate, or even real estate. There are many different models of passive income, but it doesn’t require your time, your active time, your energy to be there to make money from it. For example, creating products.
A product is great way to create passive income and selling it online because if I have a website and I sell the product through that website, I don’t have to be there to sell the product, the website is available 24 hours a day, unlike maybe a local that’s only open from morning until night, or they’re closed on weekends or whatever it is. My website is available 24 hours a day, it’s reaching people all over the world.
Unlike a business on the street, my only reach is the people in the neighborhood, I’m able to reach the entire world with my products and services because of the Internet. My website is selling for me, and people are coming to my website and they’re buying. I don’t have to do the transaction, I don’t have to deliver the product, I don’t have to take their money and swipe their credit cards, in person.
The internet technology, Paypal or whatever different technology there is that is available, is doing everything for me. As a result of that, I’m able to make money on autopilot without having to exchange my time or energy to do that.
With passive income, it requires your time, energy and money and all that sort of stuff upfront to create that. You’re investing your time at the beginning, but the benefit is that you don’t have to spend the time to sustain and make the money down the road. For example, right now for me, I’m creating this YouTube video. I’m going to publish this on YouTube. This YouTube video is going to be up there forever. It’s probably going to have a couple of thousand of people that are going to watch it.
Passive Income Ideas requiring Investment of Money
- Stock (Dividend Income) – The second passive income idea is dividend Income. In this idea, you need to invest your money in the stock market. You need to select a high dividend paying fundamentally strong stock for investment.
- Buy and Rent out Expensive Equipment – The next idea is to buy and rent out expensive equipment. The equipment could be construction equipment, costly camera or anything else.
- Franchise Concept – You can even generate passive income by creating a business system with franchise concept. One such example is School ,and different Company .
- Invest in the business – If you don’t have time but if you have enough money for investment, you can invest in the business and earn income as a silent partner.
- Income Through Rent from property – If you have a lot of money you can purchase a property and give it on rent.
- Advertisement Hording on Building – The next idea is give space on rent on building. In this case, you need to contact companies looking for advertisement space in your city.
- Commission Income – You can give money as a loan to your friend and relative and generate extra Commission income from that.
- Become online Seller your – You can become a seller your can Sell your products on a site like Flipkart, ebay ,snapdeal etc.
Passive Income Ideas requiring Time
- Network Marketing – The first passive income idea that requires time is Network Marketing. You can join Amway or other multilevel marketing business and generate a lot of money over the period.
- Create a Blog – The next passive income generation idea is to create a blog and sell a space for the advertisement. It is a very good way to generate continuous income. You can earn $1000 to $5000 per month from a blog.
- Sell E-book Online – you can sell your book through Online
- Start Video Channel – Youtube Video channel is another passive income generation idea. You can upload video Like technology related , tips ,trick In this idea, you. People are earning $100 to $10000 by making video channel.
- Create an App or Game – you can create app then upload in play store you app include ad then upload and people if like your app then see ad so you can make earn passive money
- Insurance Agent – If you Can sells Insurance so you can become a You need to sell Insurance and you will be paid commission based on your sell.
- Affiliate Marketing –is very good opportunity to earn passive income you can promote product . If someone buys a product via you, you will be paid a commission.
- Sell Photographs online – If you are good at photo shooting you can sell photos online and generate very good income. There are many companies looking for unique photos for advertisement.
- Online Course or Tutorial – If you are expert in some field you can make online course or tutorial and sell it online for generation of passive income.
- Purchase domain – you can Purchase domain and then sell in high income like name or com,in, org , in, etc