Building passive income can be difficult, especially in today’s economy where interest rates are falling. However, there are ways to earn money without a lot of work.
How can I generate passive income with no money?
You can buy a website, create a YouTube channel, or build a digital product. You can distribute your products through social media, newsletters, and other online marketing tactics. You can also sell these products on websites such as eBay.
A good way to earn passive income is by investing in real estate. You can invest in rental properties, or you can buy property and rent it out. This can be tricky, though, as tenants may not pay their rent, or legal protections may prevent evictions.
You can also build a portfolio of exchange-traded funds, or ETFs, which trade like stocks on the stock market. These funds are inexpensive and offer a wide range of assets. The best rate you can get right now is 2.5% for a 12-month CD.
If you have a knack for a certain subject, you can build a YouTube channel or blog about that topic. You can then offer your expertise through videos or podcasts, which can be distributed through other online marketing methods.
You can also build a digital product, such as an e-book or an audio or video-based course. You can then distribute your product through websites such as Amazon, or you can use other online forms of marketing to distribute your content. You can even use a freemium model, which allows people to sign up for a free version of your product, but gives them access to more content if they make a purchase.