passive income
passive income

Passive Income Ways For Millennial 2022

Passive income can support your financial. So, it takes consistency and patience to build passive income. Sometimes, it takes a long time to harvest the results. However, rest assured that your efforts will not betray the results in the future.

As with many roads leading to Rome, there are various ways to get passive income that you can try starting from now on.

1. Passive Income with Vloggers on YouTube

In the digital era like now, we can do anything to express ourselves, one of which is by creating video content on YouTube. Then, you can create vlog content, product reviews, podcasts, game streaming, and much more. Even so, getting the number of views, subscribers, and adsense requires our tenacity in creating interesting and appropriate content for the target audience.

Over time, when the number of views and subscribers you have meets the standards set by Google, then you can earn money from YouTube. The money you will get from YouTube comes from three things:

Direct income from the number of viewers;
Adsense;
Paid promote from a certain brand

2. Affiliate & referral program

In the current pandemic era, affiliate programs from various online shopping platforms are one of the ninja’s ways to earn passive income. You just need to register for an affiliate program from one of the e-commerce sites, if you meet the criteria, you can usually start your mission right away.

The mission of the affiliate program is actually quite easy. You just need to promote a product or service. You can do this promotion through social media platforms, blogs, to e-mail. Well, if your promotion is successful and leads to a purchase, you will get a commission. The more items you sell, the more commissions you get.

In addition to the affiliate program, there is also an application referral program. You only need to invite friends to install and register certain applications to get rewards. The more friends you invite, the bigger the reward you get. One of the referral programs that provide attractive prizes is the cropduit application. By inviting friends to use the cropduit application and transact min. 100 thousand on the Danareksa Seruni Pasar Uang II product, you can get a bonus of 30 thousand / friend and your friend will get an initial investment bonus of Rp. 20 thousand. Check the T&C promo Invite Bestie to crop up by clicking here!

You also have the opportunity to get additional bonuses from plantingduit by participating in the Invite Bestie Competition program. Get the total prize s.d. IDR 1 million by inviting as many of your besties as possible using the cropduit application!

Even so, promoting goods requires a creative strategy in content creation. You have to create content that grabs people’s attention and makes them want to buy the item.

3. Sell your stock photos!

For people who like taking photos, whether it’s just for fun or as a profession, you can actually sell your photos on online platforms like Shutterstock, iStock, 500px, and many more. The photos you upload on the platform can be purchased by content creators who need additional visual content. This can be an easy and profitable passive income idea, right?

4. Passive Income with Create an e-book

Writing is a place where someone can express their thoughts and feelings. Publishing our writings in book form to be read by others is a new step that you can try. For example, you can start your writing career by serializing on a blog or writing platform like Wattpad.

After getting a lot of loyal readers, you can finish the story and release it in the form of an e-book. Only after that you submit on a publisher platform such as Amazon KDP (Kindle Direct Publishing) or Nulisbuku. Then, you can also sell it independently through your wordpress platform by using a plug-in like Sell Digital Downloads. So, you can use the sales of your e-book as a source of passive income.

5. Rent property, legendary passive income

One source of passive income that has existed since ancient times is property rental. Then, for those of you who have idle property assets such as houses, shops, etc., you can make these properties as passive income, you know! For example, if you have five store units, one shop is rented at a price of Rp. 20 million per year. This means, if all of your shop units are rented out, you will automatically get Rp. 100 million in a year just from the shop rent.

6. Investment

Investing is one of the most effortless ways to generate passive income when compared to other ways. Then, Investments make room for money to work for us. However, the most important thing you need to do before investing is to determine your investment goals and investment targets. Then, you can determine the choice of investment products that match your investment goals and investment target.

One investment application with a wide selection of products is tanamduit. Then, in the cropduit application, there is a choice of products such as mutual funds, gold, and government securities. All you have to do is adjust your investment goals and investment time targets with the product choices at tanamduit. For example, if you have a long-term goal (>5 years) to buy a house/apartment, you can choose a stock mutual fund product. In the long term, the returns from your stock mutual fund savings can be a promising source of passive income too, you know.

7. Advertise on the blog

Did you know that uploading your content on your blog can bring you money by placing ads? Yes, you can connect Google AdSense with your blog site. The way AdSense works is quite easy. You will earn every time everyone clicks on the ad banner that appears in your post.

There are two ways you can do to display ads on posts on your blog:

Auto-ads: Google will automatically select ad types that match your posts
Ad-units: For this option, you can customize the type, size, and position of the ad in the post yourself.

8. Open an online course

Do you have any special skills, such as copywriting, graphic design, public speaking, etc.? You can, you know, share knowledge as well as earn income from your expertise. You don’t have to worry about free courses milling about on YouTube, you can highlight your paid courses by packaging material with an interesting and more in-depth perspective. Focus on something practical rather than focus on theory.

Interested in generating passive income in this way? You can start your online course on platforms like Udemy, Coursera, etc.

9. Dropship/reseller business

Dropshipping is one way to get passive income online by selling goods without owning a product. Then, the working system is quite simple. So, you just need to find a supplier of your merchandise and promote the item on your e-commerce account, social media, or your personal website. So, if a customer buys it, you immediately order the product and your supplier will send the ordered item directly to the buyer’s address. The dropshipper will benefit from the price difference from the supplier with the price he marketed to the customer.

Dropshipping business is one way to get additional income without capital that you can try. You just need to find a reliable supplier and market the goods to potential buyers.

10. Rent a Vehicle

Do you have an idle car or motorbike in your garage? Just pay! You can rent your motorbike or car to be registered as an online vehicle partner. Then, create detailed terms and conditions as well as rental rates for tenants who will become taxi drivers or online motorcycle taxis. After that, you can market your vehicle rental services on online platforms such as OLX, Jualo, etc. So, you can also market your services through the people closest to you as well. Even so, you should be careful in choosing a tenant. Then, make sure that you make a detailed agreement and have strong legal force. So, whenever a problem occurs that can harm you, you have strong legal evidence.

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