Having a passive income stream is a great way to increase your financial freedom. It can give you more flexibility while at the same time giving you the ability to grow your business.
Some of the passive streams of income | Go X include investing in companies. Buying shares in a company can give you a portion of the company’s profits, and it makes you a part owner.
You can also invest in real estate. There are many publicly traded real estate funds that offer steady dividend income.
Another popular way to generate a passive income is through affiliate marketing. You can recommend products and services to your audience, and you’ll earn commissions every time someone buys one of your recommended items.
Another passive income source is selling digital downloads. These can be purchased online and sold as many times as you like. You don’t need to spend time shipping them out manually.
You can also sell your own graphic designs or merchandise through sites such as CafePress. These sites will provide back-end support, so you don’t have to worry about coding.
You can also sell high-quality photos through stock photo sites. These sites will pay you for the pictures you take, and they will market them for you.
If you know how to code, you can build apps that will allow you to make money for each download. You can put them on the App Store or Google Play, and market them to your audience.