This is How I Make $2000 in Extra Income Passively

What is Passive Income, and How Do You Build One? 

Starting with the former, passive income is money you earn without putting full or much attention into the activity that is generating the money. Think of it as that money-making formula while you are asleep. However, you have to put in an investment in the beginning to build the passive income stream in the first place. 

For example, the rental yield you generate is a passive income. The website that is selling smart home gadgets through SEO is generating income passively. 

As for building a passive income stream, there are multiple ways that you can opt to kickstart your journey to passive income, and this is exactly my point of interest in this article. I will be walking you through the ways I have built a passive income of 2000 bucks that you can too. 

So, without much ado, let us hop right into it. 

1. Start Building Your Brand on YouTube or a Blog

Platforms like YouTube and Google share advertising revenue if you are publishing content that has been searched by the audience on these platforms. You just need to make sure that you are an expert at it to offer worth-watching content to the audience. 

It can be a travel guide to a place that you recently visited, or it can be a video about how you switched to your dream job. The content should be unique, of good quality, and relevant to the target audience. 

When you have an audience, you might not even need to rely on advertising revenue from these platforms. Brands pay good money to the creators who have relevant audiences they want to target to sell a product or service. 

Once you build a niche audience, you build your brand. That said, posting consistency is the key to building an audience, so make sure to rely on sure-fire internet providers that don’t hold you back every time you upload your content. For example, I rely on Spectrum Internet for my digital errands as it offers great network dependency, affordable plans, and round-the-clock Spectrum servicio al cliente tailored for Spanish speakers like myself. 

1. Sell Courses Online

Do you know how to create fantastic graphic designs that stop the scrolls? Do you know how to write words that sell? Well, great! Now, you need to teach it. 

And since we are talking about teaching passively, you don’t have to be present in front of the students all the time. You need to be in front of the camera, explain the content clearly, and share everything you know about the much-needed skill. 

Once you have recorded your course, or maybe just a lesson, try publishing it to calculate the demand for it. You will be able to see indicators that people will pay to watch your course content, like adding it to the cart, liking the content, etc., which means that you can then go on to create a full-fledged course. 

1. Capture Great Photos and Sell Them

You know there has been and will always be demand for great photos. Why don’t you offer them? 

Although it has been thought that photographers need to be present at the spot to generate income like wedding shoots or shoots for modeling, but that’s not all true. 

There are websites that pay you for professional photographs. You can earn an average of five cents per photo per month. It is a great way to follow your passion while earning some money. 

Pexels and Shutterstock are websites that list professional photographs and can help you build passive income if you are a professional photographer.  

1. Own a Rental Property

I don’t think there is any better way to earn a passive income than owning rental properties. 

It is by far my favorite way to build wealth. Why? Because it can generate a significant amount of money while being on autopilot. Another benefit of owning a rental property is that it is a flippable asset – you can sell it anytime you need. 

While it sounds all flashy, you need big investments or mortgages to own a rental property. Another problem I faced was managing the properties and tenants. If you are going to do it yourself, it won’t be passive. Then you need to hire someone to manage your rental properties, especially if it is more than one. 

All in all, owning rental properties is a great way to build wealth and sustain your passive income. 

Building passive income streams can prove super useful in inflation-proofing yourself, and it can also help you improve your lifestyle by giving that extra cushion through money. Just make sure to do them one at a time; otherwise, you will end up in an infinite and confused loop.