Welcome to this article "10 Passive Income Ideas to Earn Rs. 1 Lakh per Month." If you're a young person interested in earning money through passive means, read this article carefully. Today, I'll explain what passive income is and how it can be earned. To earn passive income, you need to do something that keeps bringing in money even while you sleep. There are thousands of ways to earn money, but I'll talk about the top 10 methods through which you can earn Rs. 1 lakh per month.
Welcome to this article "10 Passive Income Ideas to Earn Rs. 1 Lakh per Month," where I will give you ideas that require minimal investment. Warren Buffet and Robert Kiyosaki have emphasized that if you don't earn money while sleeping, you'll end up poor for life. Therefore, it's crucial for us to have a source of passive income.
10 Passive Income Ideas to Earn Rs. 1 Lakh per Month
10 Passive Income Ideas to Earn Rs. 1 Lakh per Month:To implement the passive income ideas listed below, you'll need to be patient because it takes time to build passive income streams. However, once passive income starts coming in, you can earn a lot of money.
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Youtube
YouTube is a great platform to earn money if your videos gain popularity. To earn money from YouTube, you need to create a YouTube channel and find a topic that has few or no YouTubers covering it. Make videos related to that topic, monetize your channel, and generate passive income.
Blogging
Blogging is another way to earn money by sharing knowledge without revealing your identity. You need to buy a domain, host it, and then share knowledge in a niche. If people like your articles, you can monetize them and earn lakhs of rupees.
Affiliate marketing
With affiliate marketing, you can earn lakhs of rupees from the comfort of your home. You need to showcase products of a company on any social media platform or website. If people buy those products, you'll receive a commission. You can affiliate with companies like Hostinger, Amazon, and Shopify.
E-commerce
E-commerce can lead to substantial income if successful. You need to purchase unlabeled products from a factory or company, brand them, and set up your shop on any e-commerce platform or create your website. Then, run ad campaigns on social media platforms. There are many delivery partners available, such as Amazon FPS.
Online Course
If you're an expert in something, you can create an online course and upload it on platforms like Udemy. If people like your course, they will pay for it, allowing you to earn lakhs of rupees.
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Insurance
Selling insurance policies can also earn you a good amount of money. You can earn lakhs of rupees by selling insurance policies from any insurance company. You'll receive a commission for each policy sold and also for renewals.
Real E-state
Real estate is another lucrative option. You can buy land, buildings, or flats and sell them at higher prices. This way, you can become wealthy quickly while also saving on taxes.
Car renting
Car renting is a simple way to earn money. If you have a car, you can rent it out to a company or individual. You don't have to work hard, and the money will come directly into your account.
Mutual Funds and Stock Market
You can also invest in mutual funds and the stock market to generate passive income. By putting your time and money into these avenues, you can earn significant returns.
Airbnb
If you have spare rooms or floors in your house, you can list them on Airbnb. Travelers visiting your city can rent your flat through Airbnb, allowing you to earn money ranging from Rs. 1000 to Rs. 10,000 per day.
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