Some examples of passive income include:
- Renting out property (such as a rental house or apartment)
- Investing in dividend-paying stocks or mutual funds
- Creating and selling an online course or ebook
- Investing in a peer-to-peer lending platform
- Building a dropshipping business
- Starting a blog or YouTube channel and monetizing it through advertising and affiliate marketing
- Buying and holding onto a portfolio of appreciated assets, such as real estate or artwork
- Creating and selling a mobile app or video game
- Investing in a vending machine or ATM business
- Investing in a franchise business.
It's worth noting that some of these may require more initial investment and effort compared to others, but once established can provide a steady stream of passive income over time.
