Top 10 Passive Income Methods in 2021 - YouTube

hey everyone and welcome to top think today  we're going to learn about the top 10 passive  

income methods in 2021 now let's begin number  one informational products your hobbies may have  

nothing to do with your career whether you're a  first-rate fisherman or a motorcycle enthusiast  

you can make money talking about  the things that you love most  

all kinds of home-grown experts create  informational products which educate millions  

of people by producing ebooks video courses and  instructional guides you can turn your hobby into  

a steady stream of passive income oh the best  part is you only have to put in the work once so  

after you write your book or record your videos  you can sit back and watch the money pour in  

over time more people will discover your books  and courses and your passive income will grow  

in 2021 it's easier than ever to create and  publish informational products and you can do it  

from the comfort of your own home companies like  amazon for example offer self-publishing services  

these platforms will transform your simple  manuscript into a professional and attractive  

ebook if you're making an online course you can  use sites like skillshare to market your product  

to a huge audience of curious consumers within  weeks you can have a steady fan base of people  

who want to learn from you this method of passive  income is accessible and hands-off and it revolves  

around something you love it doesn't matter what  your interests or passions are there's someone out  

there who wants to hear what you have to say so  don't wait to turn your favorite hobbies into cash  

number two retail flipping retail platforms sell  every product under the sun but many people don't  

know how much their items are worth to make  a passive income you can flip these bargain  

products for a large profit retail flipping is an  effort-based game in other words the more effort  

you put in the more money you'll make if you're  smart with your research you can find a consistent  

source of discount items things like furniture  electronics and vehicles can be incredibly  

valuable discoveries as long as you find the  right buyer retail flipping comes with its  

fair share of risks the field can be temperamental  one week you're finding all kinds of gold on ebay  

and the next week you're not finding much at all  your profits may change dramatically from month  

to month and it may take time to find buyers  who are willing to pay for your niche products  

selling antiques for example  can be extremely lucrative  

but only if you find someone who wants what you're  selling so if you want to start flipping retail  

products here's a good piece of advice start small  and build your way toward those big ticket items  

over time you'll develop a close eye for deals and  bargains and you'll start making a healthy profit

number three paid microtasks the internet is  filled with small niches where you can make money  

for example certain platforms will pay  you small amounts of money to complete  

short easy activities called microtasks a  micro task can be anything from receiving  

emails to watching short videos some websites  will even pay you to play online games a few of  

the most popular platforms include inbox dollars  which offers a wide variety of micro activities  

and missed play which specializes in simple online  games so if you want to build a passive income in  

2021 then sign up for one of these sites many  will give you cash just for making an account  

so get started on your micro tasks you'll be  surprised how easy it is to make money online  

number four p to p lending hey if you want to  start investing peer-to-peer or p2p loans are  

a great source of passive income a p2p loan is  monetary lending from you to a borrower through  

a third-party source there are a number of online  marketplaces where you can invest in p2p loans  

these loans do require a larger investment upfront  but you'll gradually make more money thanks to  

the interest payments on your investments now  unlike the income methods we've discussed so  

far this one can be especially risky there's  no guarantee your loans are going to hold so  

experienced investors use special tricks to  guarantee the safety of their investments  

for example don't invest all your money in one  place if your single p2p loan falls through you're  

going to end up with nothing instead spread your  investments over several smaller loans but before  

you invest anything do some research figure out  which investments are stable and which ones aren't  

if you're smart about it p2p investments  can earn you substantial amounts of money  

number five rental income do you own a piece of  property that you don't live in if you do renting  

might be the perfect strategy for you what does  it mean to rent out a piece of property all right  

let's say you own a house that you don't use every  month you pay a mortgage and fees on your property  

even though no one lives there right now you're  losing money but you can turn that net loss into  

a cash game here's how you do it you rent your  property to someone else they'll live on your  

property and pay you a sum of money each month you  can use that money to pay your mortgage and those  

pesky fees whatever's left over goes straight  into your pocket but here's the tricky part it  

can be expensive to maintain a rental property if  your property needs a lot of work you might find  

yourself spending more money than you're making  so you have to find a balance between profits  

and expenses let's say the mortgage and fees cost  a total of twenty five hundred dollars each month  

if you want to make money on this deal the rental  price must exceed the cost of owning and managing  

the house so if your rent is too low you'll find  yourself losing money many property owners have  

used this strategy for decades they may never work  a day in their lives that's how lucrative this  

method can be in rare cases your rental properties  could earn you more money than your full-time job  

but you have to be careful before you buy anything  research the housing market to find a property  

with real potential pay attention to trends in  real estate and make sure you buy your property at  

the right time when you've found the right place  make your property appealing to potential renters  

small improvements can make your house  exponentially more desirable if you do your  

research and spruce up your property you can  make a lot of money in real estate number six  

cash back companies did you know that you  can make money off your online purchases  

many online services offer cash back opportunities  these services pay you for making purchases that  

you would have made anyway cash back companies  partner with popular brands to give you  

huge discounts on their platform you can get up to  fifty percent off on luxury and everyday products  

you're buying the same things from the same  places but you're saving money each and every time  

number seven media assets if you're a creative  person turn your creativity into media assets  

media assets can be anything from a photograph to  a podcast every time anyone uses your creation you  

get a little bit of money pick what kind  of asset you'd like to make then use your  

creative skills to assemble your assets if you  love to travel edit and sell your photographs  

if you know how to draw or animate then publish  your artwork online you don't have to be a  

trained professional to make money selling  media assets so put your creativity to work  

number eight public browsing did you know  people will pay you to browse the internet  

what there are many companies who want to know  what you're doing online they collect information  

from your search history and then use that data  to inform the companies you use on a daily basis  

now some people want to protect their privacy and  secure their online information if so this may not  

be the right method for you but if security isn't  an issue then give this method a try companies  

want to see what you're searching for give them  a glimpse and make money while you're at it

number nine riots if you want to get into real  estate but don't want to manage your own property  

you can invest in something called a real estate  investment trust or reit these real estate  

companies manage their own pieces of property but  they avoid paying heavy taxes by giving most of  

their money to their shareholders that means you  you invest in these companies by purchasing stocks  

and you make money according to the dividend of  the reit if you pick the right companies that  

dividend and your profits can increase by a large  margin every year now like any form of investment  

there is risk involved the right companies will  grow your investments the wrong companies will  

lose them but if you do your research you  can make smart and profitable investments  

number 10 profitable opinions online surveys  aren't the most lucrative form of passive income  

but the risk is incredibly low you don't need  large amounts of money or clever investment  

strategies all you need is a little bit of  time there are countless different websites  

like swagbucks and pinecone research  that offer paid survey opportunities  

major companies around the world use these surveys  to collect data from their consumers by doing  

these surveys you give these companies an idea of  what works and what doesn't in other words they're  

paying for your opinion you can get started on  these platforms anytime you want and it won't cost  

you a dime so make an account fill out a survey  and start your side hustle today hey thank you  

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