1. Introduction
The internet is a wonderful place because it gives everyone an equal opportunity to make money. No matter who you are, where you’re from, or what your qualifications are, anyone can start generating passive income online.
There’s no need to invest large sums of money or put in long hours of active work. With a little creativity and effort, you can start earning extra cash without doing much more than setting up a website or profile.
Of course, the amount of money you can earn from each source will vary depending on many factors. These include the niche you choose, the quality of your content, and how much time and effort you’re willing to put in.
But if you’re looking for some ideas to get started, here are 9 passive income sources that can help you earn an extra 1 lakh rupees per month.
2. Sell Products on Amazon/E-commerce Sites
If you’re good at making or sourcing products, then selling them online is a great way to generate passive income. Platforms like Amazon and Shopify make it easy to set up your own e-commerce store and start selling products to customers around the world.
The key to success with this method is finding products that are in high demand and that have good margins (the difference between the cost of goods sold and the selling price). Once you’ve found a profitable product, it’s simply a matter of setting up your store and marketing your products effectively.
With a successful e-commerce business, you can easily generate 1 lakh rupees or more per month in passive income. And best of all, there’s very little active work required once your store is up and running.
3. Create an Online Course/Tutorials
If you have expertise in a particular subject matter, then creating an online course could be a great way to generate passive income. Thanks to platforms like Udemy and Teachable, it’s easy to create and sell courses without any prior experience or technical knowledge.
Before creating your course, it’s important to research popular topics that people are willing to pay for. Once you’ve settled on a topic, the next step is to create high-quality video or text-based content for your course. The better your content is, the more likely people are to buy your course.
Once your course is live, it will continue generating sales as long as it’s marketed effectively and kept up-to-date with new information. With a successful online course, it’s not uncommon to generate 5 figures per month in passive income!
