Have you ever thought about how to earn extra money? You probably answered yes, right? Most people want to supplement their paycheck, even if it's great!
There are those who believe that to earn extra money it is necessary to give up a lot of things, such as being with the family , playing sports or having fun.
And in fact, that happens sometimes. If you decide to work nights or weekends to have another source of income, for example, you will actually have less time to do what you love and be with the people you love.
But, there are other options that can help you. We refer to the so-called passive income , which is an excellent way to earn extra money.
If you still don't know very well what they are, don't worry! We will explain it to you in this post. Keep reading!
Passive income is derived from one-time jobs and can consistently generate income, but does not require a constant investment of time.
That is, if you start a business of this type, you will have to put a lot of dedication in the beginning, but later you will continue to make profits with regularity and less effort.
So that you understand me better, imagine that you work in an engineering company, but your salary is not enough to pay everything you spend. So, to earn extra money, you decide to start selling homemade sweets to your classmates.
Everyone loves your products and you make a good amount of money at the end of each month. However, to continue to be successful, you need to invest time and capital.
For example, you have to buy the ingredients, prepare the food, package it, advertise it and sell it. The equation is very simple: to earn more money, you have to work more, right?
Now, we are going to transform this situation. Imagine that you want to stay in the homemade candy business, but you want to work less and earn more.
So, you decide to use all your experience to create an online course and help people who also want to earn extra money or start a small business.
You plan your content, prepare the scripts, record the classes and upload them to an e-learning platform . Then, you only have to worry about promoting your product. In other words, you create your course only once and you can sell it for years.
Now that you know what passive income is and that you can use it to earn extra money, let's see some examples:
1. Rent a property
If you have a house or an apartment, you can rent it. That is, every month you will receive an amount of money without having to spend time or effort.
2. Charge copyright
If you publish a book, you will receive your copyright as long as the publisher makes sales.
3. Receive commissions for sales of artistic works
If you work with photography, for example, you can upload your images to sites like Shutter stock and earn extra money when someone buys them.
4. Open store or restaurant franchises
If you have an established store or restaurant, you can sell the license for other people to use your brand. But, we warn you that this can be a long and bureaucratic process.
5. Sell info products
If you have any talent or skill that is useful to other people, you can create an info product and sell it online.
Passive income has many benefits. Let's take a look at the main ones:
1. You can do it parallel to your work
If you already have a job and you don't want to leave it, you can choose passive income to earn extra money and make a dream come true, such as buying a house, taking a trip or investing your earnings so that they multiply.
2. Manage your own time
If you want to dedicate yourself exclusively to passive income, you can decide what hours you will work. If you concentrate better at night, for example, you can leave the day to do other activities.
If you have children, you can work from home , adapt your routine and have more time to take them to school, to the doctor or for a walk.
3. You have more freedom to travel
Have you already realized that some months are very expensive to travel? Summer and holidays (such as Christmas, for example) have the highest prices of the year. And, even so, it is when all the people want to do tourism, because they have vacations.
If you dedicate yourself only to passive income, you can travel in the low season, save a lot of money and have a more pleasant experience.
4. You are your own boss
When you earn extra money with passive income, you can be your own boss ! That means that you decide the strategies that you will use in your business and control your time. In addition, you can choose where you want to work from.
What is the best option to earn extra money?
In this post we have shown you several ways to generate passive income to earn extra money. But what we had not told you yet is that, currently, info products are the best option to do it. Let's see why?
1. Low investment of money
Some passive income (such as real estate rentals or franchises) require high investments to start. After all, to rent a house, you first have to buy it, and to sell franchises, you must first invest in your own business , right?
However, to create an info product you do not need to invest capital from the beginning. And if you do, you will be able to manage your money better because it will be a very low value compared to what other businesses demand. To write an eBook, for example, you just need to know how to write, have a computer and basic computer skills.
The same happens if you want to develop an online course . In the beginning, you don't need a studio or a professional camera. A room in your house and your smartphone can be enough to record. Many famous You tubers have started earning money like this !
In addition, there are platforms that allow you to host your products and take care of the entire payment and shipping part, such as Hot mart.
2. You can sell all over the world
When you have an info product, you can make sales all over the world no matter where you are. You can even do it from home .
For example, let's assume you're from Mexico. You can have customers who buy your products from Spain, Colombia, Peru, Argentina, the United States or Chile.
3. A single product reaches thousands of people
If you rent a house, for example, you can reach only one person or, at most, a family. In addition, your income will be the same every month and you will not be able to scale your business , unless you buy other real estate.
However, if you create an eBook on healthy eating, for example, you can sell the same product to thousands of people. In other words, with a single job, you get “infinite” clients.
4. You can have Affiliates
When you have an info product, you can count on the Affiliates to spread it.
If your product is an eBook with tips for caring for children with special needs, for example, your Affiliates can be people who have blogs on the subject, pediatricians, teachers or other professionals in that universe.
To promote it, they will use a specific link, such as Hot Links . And whenever someone reaches your product that way, they will receive a percentage of the value of the sale.
32 ideas to earn extra money from home
If you like the idea of earning extra money without leaving your home, check out all these ideas:
Take the first step to start earning extra money
Well, in this post we have taught you, in a summarized way, how to earn extra money, especially with digital products.
Now, it is up to you to take the first step. To help you, we invite you to participate in the 30 Day Challenge , a challenge for those who want to create an info product from scratch and don't know exactly where to start. If this is your case, this opportunity is perfect for you! Don't let her escape!
You can do it at your own pace, with peace of mind and from your home. And best of all: 100% online and free.
We hope you liked our tips to earn extra money. If you want to read more about the subject, we invite you to access our complete guide to selling online from scratch . Bye!
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