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Top 20 Passive Income Ideas In 2020! | Make Up To $10,000+ Per Month

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Published on 07 Dec 2020 / In People & Blogs

Top 20 Passive Income Ideas In 2020! | Make Up To $10,000+ Per Month

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Affiliate Marketing:

Affiliate marketing is one of the oldest marketing practices, and it’s a good passive earn. It will gain you a commission in the case of purchase based on the affiliate's recommendation. It is one of the easiest and cheapest ways of selling as you don't need to create and sell a product. The only thing you need is to enable a linked connection between buyer and seller and take your share when a sale is made.

E-commerce Business:

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. E-commerce business has been a fantastic income idea lately. Start it! Many retailers are hesitating on continuing their plan on creating an E-commerce business, but in reality it’s actually a very profitable area.

Drop shipping:

Drop shipping is working with a wholesaler or distributor that offers this service. As a retailer, all you have to do is to set your retail price and every time you sell, your wholesaler ships the product for you to customer's doorstep in your name and you keep the profit.
In other words, it involves a business transaction where a drop shipper would drop every single product to every of your customer in your name.

Mobile Apps:

This idea is just as easy as it sounds. Through your smartphones, you can make money with mobile applications.

Membership Sites:
This is a very basic and easy idea for an alternate idea of income. It practically needs nothing, and can earn you quite a good amount of money. For this, all you need is to set up a membership site which charges a monthly fee for access. As long as you can keep a stream of traffic coming into your website, you would have money coming every month.

Cryptocurrency:

Lately, Cryptocurrency has been recognized been a significant part of the monetary system. It's tagged 'the revolution of money". To buy cryptocurrencies, all you need is a "wallet," an online app that can hold your currency. You then create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereal.


EBook Publishing:

If you have some spare time and believe being able to point to the fact that you're a published author on Amazon will help boost your credentials or career, then it's worth it. Self-publishing on Amazon is also worth it if you can use the clicks and views that your eBook receives to boost another venture.


Renting Real Estate Properties:

This has proved to be a very effective method of passive earning. Renting real estate is a lucrative business investment if you have the right amount of money to invest and clear about the idea of the region you are living in. Investing in rental properties is a high starting point for real estate investors. Rental properties can provide cash flow and generate value from appreciation. Investors also get tax incentives and deductions from owning real estate.

Freelancing:

Freelancers are self-employed people who provide services for multiple clients at one time. You don’t have to commit yourself to one particular job, and you can also work your own hours. These independent contractors typically set their schedules, run their businesses, and have a flexible lifestyle. They can either work as a part-timer or full-timer. All you need is to be dedicated and create a good reputation. With this, you tend to get more customers and referrals.

Top Finance - Top Finance is the best channel for entrepreneurs like yourself when it comes to making money online. E-commerce, affiliate marketing, digital marketing, and learning SEO all the way to smart money tactics can be found here! The FREE financial education provided on Top Finance will inspire you and those around you to start your own online hustle. Top Finance is very versatile when it comes to everything related to making money online. Shopify might seem like a very daunting platform at first, but we'll show you that it's nothing short of learning how to tie your own shoes!

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