
News / Sponsored Feature
START EARNING PASSIVE INCOME IN 2023
Are you tired of the same old nine-to-five? Want to build real wealth and break free from
dependence on active labor? Look no further than passive income! An appealing solution, this
type of income makes it possible for you to rake in profits without engaging directly in
moneymaking activities.
Passive income solutions come in various forms, ranging from the ones that require a certain
investment to those that are completely free. With these various methods to earn passive
income in 2023, you will surely find one that works best for you.
Create an online course
With online courses, you can capitalize on your unique knowledge to create a passive income
stream! Put in the effort up front and watch as your course pays off with recurring earnings.
Considering the growing interest in online learning, the opportunity to earn from it will not dry out
quickly.
Creating an online course is not very difficult either. It involves just a few key steps. Firstly, you
need to identify a topic that you have enough expertise in to teach others. If you happen to have
extended knowledge of some rather niche topic, the chances to be successful increase
dramatically.
After picking a topic, you will need to prepare the course material. You can do it in writing, video,
or audio form. The best way would be to combine all of these mediums. Once the materials are
ready, all that is left is publishing your course on a platform such as Teachable and marketing it.
One online course, if successful, can keep on bringing you passive income for years to come.
Affiliate marketing
Affiliate marketing is an effective way for businesses to grow their revenue by tapping into the
power of referrals. You can earn great rewards simply by helping companies reach more
customers who are interested in their business. Every time someone clicks on your shared link
and makes a purchase, the business will award you with a commission – it’s as easy as that!
Get a head start in affiliate marketing by finding and joining the right program for you. Search
online, or contact companies directly to discover their offerings – then apply to join! Once
accepted, explore your opportunities within this new world of promotional rewards from
connecting with customers around the globe.
Affiliate marketing is a large industry that offers an attractive opportunity for passive income.
With just a website or social media presence, you can make commissions from sales driven by
your links – even when not actively promoting them!
Passive income apps
Though the idea of passive income is an old one, there are still new developments happening in
this field. Somewhat recently, passive income apps started making rounds on the internet.
These apps offer you to earn simply for keeping the app running on your device.
The Honeygain app is an excellent example in this case. This app shares your unused internet
bandwidth with its network and rewards you for letting it do so. The shared traffic is used for
purposes such as ad verification, price aggregation, and brand protection.
Honeygain is available on every operating system and works automatically in the background of
your device, meaning that you will not be interrupted by it. As long as you are running this app,
you are sharing your internet traffic.
For 10 MB of traffic that is shared, you will receive 3 credits, and 1000 credits are the same as
$1. Once you reach $20 worth of credits, you can exchange them for direct payment to PayPal
or opt-in for a crypto option and receive JumpTokens in your wallet.
Rental properties
If you own an extra apartment or have a spare room that you do not use, renting it out on a
short-term basis can be a great option for easy passive income. Essentially, it is employing
something seasonal or unused all the time for your benefit.
With platforms such as the world-famous Airbnb, the task of renting out your place for a short
period of time is not difficult at all. All you have to do is create an account there, put up a
description of your property with high-quality photos, and set your rates for the rent. That’s
about it.
You may need to hire a cleaning person to avoid driving to the property each time the guests
leave and to ensure that everything is ready for the next ones. Knowing that the passive income
you may gain from renting your property is huge, this should not be an issue.
Whether you are looking for a way to escape the traditional nine-to-five or just looking for a way
to make some extra money in 2023, these passive income solutions can help you reach these
goals. And the best thing is — these methods do not require you to be active!