If your content clicks with the audience, you would see a gradual increase in the number of subscriptions. Start a YouTube or Instagram channel and post content daily targeting your customer base. Capturing this opportunity, many content creators have shifted their base to social media channels like YouTube, Facebook and Instagram. We are all a part of the social media boom. One of the popular passive income sources, social media content has become a staple for many online content creators seeking an alternative income stream. In India, many YouTubers, commonly referred to as influencers, earn in lakhs and crores. Anyone with a decent follower can indirectly promote a particular product or brand on their channel and charge a significant compensation for the same. Blogging and YouTubeīlogging and YouTube, especially YouTube have become one of the most popular social media channels to generate passive income. If you are familiar with the stock market, you can also consider dividend exchange-traded funds (ETFs), which combine the benefits of an ETF with the passive income offered by dividend stocks. When you invest in dividend-yielding stocks, you earn dividends depending on the number of shares you hold. However, there is significant risk in losing money if the borrower defaults. You can profit from the interest payments. Ideal for hustlers having a capital base and the ability to take risk, peer-to-peer lending allows investors loan money to creditworthy borrowers who will subsequently repay the loan along with interest in the form of EMIs. You can earn a commission from the concerned company for every click or purchase made via your blog. Product companies could reach out to you to list your products on your blog as an ad. Let’s say you have a blog which generates decent traffic. If you have some following on social media or have a popular blog up and running, you can leverage your follower base to earn additional income by promoting products of different companies. You can increase your rent annually or as per the rent agreement. All you need to do is rent out your property and ensure that the tenant is paying your rent on time. Also, it’s one of the least laboursome side income generators among other streams. Income from renting out a house or property in India is pretty common. Here are some of the popular passive income ideas you need to know about: 1. In India, 62% Gen Zs and 51% Indian millennials have side jobs or passive income, according to the Deloitte Global 2022 Gen Z and Millennial Survey. Let’s learn about some of the best passive income ideas in India for additional income. Other examples of passive income would include rental income from a property, dividend income from investments in stocks or mutual funds, interest income from savings accounts or bonds, and income from royalty payments for books or music. It’s something that’s considered as a side hustle – an alternative to the primary job – to help people earn extra cash above and beyond their regular earnings. Today, more than half of Indians have a passive income as a YouTube-er, blogger, vlogger, social media influencer, etc. Passive income can be best defined as earnings generated from alternative sources of income at times with minimal effort.
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