An obvious way to earn money is through your regular job. However, for many, one source of income is not enough to go by or satisfy the lifestyle. Digitalization enables people to create additional income easier, and you can have multiple revenue streams, some of which can be the elusive passive income.
But where can you start? Regardless of the lack of time, in most cases, you will have to invest time to generate additional income, but it can bring significant returns. Lets see how it can be done.
Professional gambler
If you like playing cards or other casino games, some players do that for a living. Here is what you should consider prior to becoming a professional gambler. For instance, most pro-gamblers opt for playing poker not just based on luck. Therefore, it would be best if you considered reading up on numerous books about poker strategies. Consistent play backed up by a knowledge base can make you a pro player.
Rent your spare real-estate
If you have surplus living space, you can consider renting your spare room on Airbnb. The system lets you approve the guests, create a schedule and rent a room when it’s suitable for you. You can earn additional income and potentially meet exciting people from around the world, although not a guarantee.
Share your knowledge
You might have excellent skills in your regular job or other knowledge acquired during your life. If you create an online course, you can make additional income based on the talent you already have. It can be an English language course for people from other countries or JavaScript programming for dummies. Maths, cooking, digital marketing, technical knowledge and other topics can be excellent material for an online course.
You can use existing platforms that offer the course or create your own. Finding a perfect niche and completing the understandable and helpful course can generate additional income.
Sell your photos
Are you one of the tourists with expensive photo equipment always looking for a perfect shot? If you love photography, you can study stock photo outlets and follow their instructions to choose from your gallery suitable images. Then, you can upload your quality pictures and earn money each time it is sold.
Reuse your digital skills
If you’re working on PowerPoint presentations or creating other types of marketing presentations in your workplace, consider sharing the know-how of making a digital presentation with others. For example, you can create templates, popular design elements, or spreadsheets with active formulas and sell them online on platforms like Etsy.
Become a cryptocurrency guru
Cryptocurrencies have been around for more than a decade, and still, most people don’t understand the nature of the blockchain or digital tokens. Crypto tokens have high volatility, and you can earn or lose money fast. For more experienced crypto followers, an enormous pool of cryptocurrencies and emerging NFT are a legitimate way to create additional income.
You can create and sell NFT and buy and invest in cryptocurrency or digital tokens companies make to generate funding. But, before you launch into the crypto world, read all the available material to familiarise yourself with the mechanics of blockchain and digital tokens.
Invest
Investing your money is a rare actual passive income you can generate. In the past, you had to hire a broker or other financially licensed professional to come into investing. Nowadays, numerous mobile apps and platforms let you invest your money into stocks and options.
Some platforms invest your money independently, with only rough directions from you. Others let you do the investing yourself. But, again, similarly to cryptocurrencies, you should read, follow the news and get the idea of how the market is changing throughout the time based on the present and upcoming events.
Write a blog or an eBook
If you’re not a natural lecturer, you can write a blog on a topic you know about instead of creating an online course. There are countless free templates, and with a small initial investment, you can build up a blog website. Read about SEO guidelines and make your blog readable. If you continuously provide added value and write in an easy-to-read format, there are many ways you can monetize the blog.
The eBook is similar to a blog, but instead of writing numerous posts over time, you can make a book with all ingredients at once. Amazon is the best platform to market and sell your ebook, but it is not the only one.
