![]() The marketplaces I recommend are Teespring, Spreadshirt, and ViralStyle. You can create your own designs and sell them on marketplaces to earn passive income. earn up to 1% cash back on purchases with debit cards.earn up to 1% APY for a checking account.no minimum balance to get the promoted APY.M1 Finance accounts are secured with FDIC and SIPC. You’ll find more information about M1 Finance fees here It can automate your trading activities and you can sign up for free. M1 Finance is one of the platforms I recommend if you want to invest in dividends paying stocks. Pros: You can invest and own shares in popular companies such as PayPal or Thinkific.Ĭons: There’s the risk that companies you invest in go out of business, and stock prices may fluctuate. You can choose stocks on your own, get an expert to do it for you, or use robo-advisors. Option 2: Buy shares / Invest in the stock marketĪn alternative strategy to generate passive income is to invest in the stock market. No minimum to get started.Īxos Bank: No monthly maintenance fees. Open AXOS AccountĬIT Bank: Up to 0.45% APY. Minimum deposit: $100 Open CIT Bank Account ![]() With online banks, you earn a higher APY because there are fewer costs than typical banks.Įxample of online banks to consider (They are FDIC insured): The more money you put into your account, the higher your recurring monthly income will be. Then, you earn a return on your deposits every month. You open an account and put money into it. With high-interest savings accounts, you earn money at better rates on your savings. Option 1: Open High-Yield Savings Bank Account Here’s how to invest money to generate passive income. You put your money to work for you and get a monthly cash flow. You can earn a revenue share from reputed companies by investing your money. You get paid to refer people to trusted products. Easy to start (even with no money).Ĭons: Fierce competition. Like I told you, it’s the #1 passive income stream that I highly recommend. So, when you promote affiliate products with recurring commissions, you earn passive income over and over for a single sale.Īlso, some affiliate programs pay up to $7500 per sale. With programs that pay per sale, you earn either a flat or residual commissions per sale. You’ll also find affiliate programs that pay per free sign-up. When someone clicks on that link and buys the product, you earn a commission. You market that product to potential buyers. Here’s how affiliate marketing works: You sign up to be an affiliate for a program and you are given an affiliate link. You can make money with affiliate marketing with or without a blog. You can start with little to no investment and the sky is the limit in earnings. In my opinion, the best of passive income streams is affiliate marketing. ![]() 2.- Do Affiliate Marketing For Passive Income Opportunities Pros: Optimized articles can get traffic years later when little maintenance.Ĭons: It takes time and efforts to write blog posts and grow blog traffic. The more buyer-intent a topic has, the higher your income will be for your traffic. The more traffic that you get, the more money you make. Then when your site gets visits, you earn passive income with display ads or affiliate marketing. Once you start writing about a lucrative topic on your blog, you can attract traffic passively with proper SEO and discovery media. One of the best ways to make passive income is to start a blog that makes you money.
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