Last Updated on July 22, 2021
If you don’t find a way to make money while you sleep, you will work until you die
-Warren buffet
One of the most inspiring and successful personalities Warren buffet told once that If you don’t find a way to make money while you sleep, you will work until you die.
Taking that quote in mind I’ll help you get a good passive income strategy and tech How to earn passive income in India.
Table of Contents
What is Passive income? How can this income strategy help us?
The process of earning money with minimal to no effort on automation is called passive income. This is a process you are putting little effort to make money while you sleep.
10 best ways to earn passive income in India
People are always talking to build a good passive income source but, nobody tells how to earn passive income in India. Don’t worry here I am going to list the top 10 ways to earn passive income in India.
YouTubing
YouTube is the second-largest search engine in the world after Google. People are shifting to video content nowadays and If you are someone who is passionate or professional about some hobby or work. Then this platform can be an amazing source for you to earn a good passive income.
You can monetize your video content using.
- Video Ads
- Affiliate marketing
- Sponsors
- Direct promotion
Affiliate Marketing
Affiliate marketing is the process of selling someone’s product for a specific percentage or amount of commission. It is one of the best working business models nowadays to earn a good income.
Here are some platforms you start affiliate marketing for free.
- Instagram Page
- Facebook Page and Groups
- Pinterest Page
- Twitter Account
- Paid Ad’s (Google and Facebook ad’s specially)
Blogging
It is a process of delivering the written form of information and valuable content to the audience. There are literally hundreds of ways to monetize your blog traffic for easy income and here are some of those that are mostly used.
- Google Adsense
- Affialite Marketing
- Sponsors
- Direct Promotion
- Selling Digital Products
Invest in Stocks
Investing in stocks is one of the best habits for developing a good passive income and multiplying your income. It is very simple to invest in stocks just you have to open a Demat Account with some information and you are ready to go.
Personally, I use Upstox Pro for investing my money into stocks it is really simple to use and invest your money.
Tip: If you are a beginner don’t go with any stock with the full analysis of the company, Start with your favorite company and then learn how to do the analysis of a company.
Some youtube channels to learn investing in stocks.
- AssetYogi
- FinnovationZ
- Pranjal Kamra
- Nitin Bhatia
- Sunil Minglani
Invest in REIT
REIT stands for Real Estate Investment Trust, These companies control and manages the real estate to produce revenue. They have to attain specific requirements to qualify as REITs.
Investing in REIT is easy and affordable for beginners. As you are the owner of the piece of land or property, you get benefited from the profits, refinances, transactions, revenue (or loss)…
How do the REIT investors make money?
REIT (Real Estate Investment Trust) is alike to shares and mutual funds. This is How REIT investors make money.
- Divdend: REITs pay divident to the person hodling their shares.
- Capital Appretitation: As the REITs are listed in NSE and BSE, the fluctuations in price will also make them money.
Open your Demat Account in Upstox Pro and Start investing in REIT and your favorite companies.
Sell Digital Products on Pinterest
Pinterest is a highly engaged Image sharing platform designed to serve valuable and informative knowledge using Images. I have been using this platform for 2 years for Social Traffic on my blog and affiliate marketing.
If you are having a digital product such as Course, Cheatsheet, Tools, etc… You can use this platform to sell your product around the globe. Pinterest is having highly convertible traffic from top-tier countries, Which helps to make this process easy and highly effective.
Also Read.
Affiliate Marketing on Pinterest without a Blog – #5 Rules
Buy an Established Business
I know it is really hard to find a well-established business but, Growing a business is way far better than building it from scratch.
If you do proper analytics of any business niche then it will be really easy for you to choose the better-established business. There are thousands of sites to check for established business but, talking frankly don’t buy a business online rather try to have a good check of it through offline talk.
Here are some small businesses that you can give a try to buy and start.
- Cafes and Bistros
- Medical Testing Clinics
- Fast Food and Eatables shop
- Car Washes
- Pest Removal Services
- Local Real Estate agent
Rent out products
If you are in the hobby of buying gadgets and tools, Then renting those gadgets can help you build a good passive income. For example, People who are not having good cameras and want them for few days then they search on google “DSLR camera on rent near me“
Build a free website using WIX, Weebly, or Google Sites around your locality and List up all the Products you are ready to put on rent to enable users to search for them if needed.
Sell Stock Photos
If you like to click photographs and want to convert or monetize them from hobby to profession, This passive income source can help you do that. There are hundreds of sites to list your photos for sale but, Here are some of the sites that you can use to get a good payout and service.
- Shutterstock
- Alamy
- Adobe Stock
- Getty Images
- Istock
- 500px
Personally, my sister used these sites to generate over $1000 a month using her photographs. So I’ll recommend you start with these sites.
Mutual Funds
Basically, in simple words, a Mutual fund is a company that collects money from numerous people and invests it in good stocks, bonds, and other assets for good return in the future.
Personally, I also invest in mutual funds, If you also want to start investing in mutual funds from today you can open a Demat account in Upstox Pro and get started easily.
The Bottom line
I hope so you got a good idea about How to earn passive income in India, These are my personal 10 Passive income strategies that I use for boosting my income and make money while I sleep.
Must Read.
- 5 Hot Ideas for Startup in India with Low Investment
- Affiliate Marketing on Pinterest without a Blog – #5 Rules
- TOP 3 Ways to Boost Your Affiliate Commissions in 24Hrs
Hey everyone Sarwar here basically I am a student but practicing Affiliate marketing and blogging helping people around the globe to know more about it.