Whether you are just looking to supplement your income or you’re ready to start your own business, there are many ways to get passive income | Go X. The key is to find something you’re good at and use it to your advantage.
How can I make a 5k monthly passive income?
For example, you could sell digital guides. These are ebooks written about topics that are popular on the internet. You can market them through a seller platform or through your own storefront.
You can also earn passive income by investing in cryptocurrencies. You’ll need to put in some upfront capital. Investing in cryptocurrencies is similar to earning interest on savings. However, you’ll need to do a lot of research before you jump into this venture.
Another way to earn passive income is to sell ads on social media. If you have a large following, you can earn revenue by promoting your content. It’s important to stay true to your content though. If you stray away from your subject matter, you’ll lose your following.
Another way to make money is by hosting an Airbnb. Airbnb connects homeowners with people looking for a place to stay. You can rent out rooms in your house or you can buy an apartment and rent it out to vacationers.
You can also earn passive income by renting out your car. If you’re a driver, you can sign up with services like Carvertise or Wrapify. If you need a ride, you can look for Lyft or Uber.