HOW TO GENERATE MY PASSIVE SOURCE OF INCOME

 

how i generate my passive income

It is easy to get discouraged about the hustle and bustle of work life and think that you can’t afford to sit down at a desk and write. But what if there was a way to generate your passive income without having to start work? Let’s look into how I went from making $100 a month in my first full year, to going to the moon selling for 10 years! Here are three ways to make money with no effort and without having to be out on the streets looking for client work.

1) Online Business Freelancing

      Whether it is creating websites or generating content online, freelancing is one of the easiest ways to earn some extra cash. You do not have to go through all the hassle of hiring employees and maintaining them, so there is the added benefit of enjoying more time doing something you enjoy than trying to find clients. While working at this freelance career you will want to have two streams of income. The first stream should include everything you need to survive and keep your family safe, while the second comes from getting paid to go to events or speaking at conferences. This is also great because it allows me to leverage my other social media accounts. There are platforms like Upwork or Freelancer that allow you to connect with multiple companies. Once you have made this connection, they typically pay hourly or by project basis, but once you sign up for a plan you begin earning each month. For instance, let me tell you how MyEmpire helped me start generating $1,400/month in less than 4 months.

2) Podcasting & Content Creating

Have you ever said, “I am too busy to write my own book?” Well now you don’t have to! Some people find it hard to sell their stories to potential publishers because they are busy, so the next best option is podcasting! Podcasts provide an entirely new level of marketing with very little investment at all. If you already have a voice or know someone who has their own podcast, then maybe give it a shot and see where it goes! If you are not sure then try searching for topics and using sites like Podnami for help and ideas on writing an article, podcasts, etc.

3) Virtual Assistant Work

               Virtual assistants are a good source of passive income. Your assistant is your closest friend, so why not use their talents to put yourself to work? Many times when we tell our friends, “I can’t wait to help them”, we mean this but they don’t really want the help! That’s where virtual assistants come in. Whether you choose to use this full-time or part-time or even a side gig, as long as you use a lot of energy and have a high tolerance of failure, you will create a business using this source of passive income. To learn more, check out my Vocal profile!

There are tons of websites focused on helping us build our self-confidence, self-esteem, confidence, courage, perseverance, and much more. Find your tribe online and use it to make yourself happy!

Thanks for reading!

 

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