How to get Passive income..

How to get Passive income..


 


Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. In essence, you can do most of the work upfront and put some additional effort along the way to earn an income. Passive income can be a great way to help you generate extra cash flow, and the economic upheaval largely caused by the COVID-19 crisis is a testament to the value of having multiple streams of income.  Let us discuss how we can add those extra bucks to pocket.

Here are some ideas..

·         Use your primary skill set for some extra time apart from your job for personal earnings.ie you can be a tutor for whatever you know the best. Courses can be distributed and sold through sites such as Udemy, SkillShare and Coursera.

·         Convert your hobby to a profession. If you are an artist ,try selling your  artwork.

·         Try writing blogs about what you know well. If they attract readers, you can get ad income.

·         If you have enough capital to buy a property, you can generate rental income.

·         There are ample options available for those who are tech savvy. With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account. Example Amazon, Instagram.

·         You can flip retail products using online sales platforms This could work especially well if you have a contact who can help you access discounted merchandise that few other people can’t easily find.


·         You can buy good dividend paying stocks & get paid with dividends.

·         If you have urge to learn & earn, you can start trading in stock market. It doesn’t need much capital nor is it a gamble. If you just know the basics & follow the discipline of stoploss & targets ,I am sure monthly  5-7% of the capital employed can be generated with daily trading.

Here is the statistics

Trading days : 22

Success rate : 50% Meaning consider only half of your trades are profitable conservatively.

Stoploss : 1%

Target : 2%

So for everyday Rs10000 trade

Total Loss : 1% of 10000 = 100*11days= 1100

Total Profit: 2% of 10000 = 200*11days =2200

At the end of month you get net 1100/-

You are getting 11% monthly returns !!

Isn’t this idea lucrative? Need to know more?

Call or WhatsApp:9511600639

or visit https://tradehint.co.in/

 

Comments

  1. AnonymousDecember 1, 2021 at 9:46 PM

    The digital marketing course with internship is designed to give students an extensive and detailed coverage of Digital Marketing concepts in a more practical way. The program adopts a very collaborative approach which focuses more on multiple capstone projects, job-ready skills, and guaranteed placements. The best digital marketing course in india prepares you to start your career in the Digital Marketing segment. The marketing field has seen a paradigm shift from traditional marketing to digital marketing. This has created a lot of opportunities for employment and also the expansion of business. Opportunities are going to continue to emerge in various sectors for social media marketing, brand management, content creation, strategy management, and much more.

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