The term passive income means receiving money from a partnership, collaboration, or lease of property in which you do not actively participate. However, over the years, this definition has changed. And now, it also includes the concept of making money on the Internet if this process does not require much effort and involvement. For example, dividends and interest are considered passive income. In a broader sense, passive income can also be earnings from affiliate marketing.
What Are the Best Passive Income Options?
When thinking about passive income, the first thing that comes to mind is digital entrepreneurship: selling digital products, affiliate marketing, online courses, Google AdSense, selling e-books, etc. The traditional ways to generate passive income include investing in real estate, licensing, and dividends in the stock market. We will cover both aspects in this article.
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Source: Complete Sports