Do you want real freedom in life? 7 big ways to change your life!!!
Then put your effort into building wealth. Because it will earn while you sleep. Factory, computer coding, books, and blog that runs and fulfills purpose when you are seeing the sunset in Bahama islands. But if you have to create such kind of wealth that meets the need of society. Society will pay you for creating things it wants. If you want to be wealthy, you want to figure out which one of those things you can provide for the society that it does not yet know how to get it.
Then you have to put your effort to scale it. Because if you only build only one that will not give you enough to get your financial freedom. You have got to build thousands or millions or billions of them so everyone can have one. Steve Jobs, Bill Gates, and other successful persons did the same.
Freedom is easy!!!!
If you can find a way to earn passive income by creating wealth. But do not get confused with passive income with side hustles, consulting, and renting your time and expertise. These will not give you ultimate freedom.
Sharing some passive income ideas that will help you to set your direction in life. You may get the freedom that you are looking for. Thank me if you get it.
1. Invest in a Small Business:
Invest where you can get control in the decision, fund, and cash flow. Do not put your all eggs in the same basket. I follow a rule of 10%. Generally, I start business and investment where I put 10% of my running monthly income and observe it next six months period. If I see positive earnings, signs,s, and symptoms then I invest further to scale it.
Currently, I have invested in street shops, day-to-day trading as per market gap due to the absence of perfect information, and joint investments in agriculture projects.
2. Start a Blog:
It starts with zero hope. But it helps others. Day by day it grows and it grows for you as well. A blog is the most cost-effective way to build wealth that earns for you hour after hour, day after day. Your blog is out there doing work for you.
You are now a shortage of ideas for building a blog!! Don’t worry. Two things to keep in mind in creating a blog.
- Use your easy-going ability or know-how or your expertise in the job arena.
- The motive of creating blogs will be to help others but not for earning money.
If you build wealth, money will automatically come.
3. Create An Online Course:
Trust yourself that you have something to share and you have something that other people would like to learn from you. The only thing you have to know is how to do the video and content preparation. Even if you make the video for one to three minutes that can be more useful for solving the problem of others.
You can create a course on just about anything. One very simple way to produce and share your course is Teachable.com. Teachable has over three million students and is a great way to get your content in front of others.
Also, for making videos I use Filmora and kinemaster. You can use your mobile apps for making your video editing. Don’t worry about the gazette and gears. Just do it and publish it without fear.
4. Become A Social Media Influencer:
You can also earn income as a social media influencer by sharing affiliate links, writing sponsored blog posts or hosting events/attending events as an influencer. In Bangladesh, BD Super Food (www.bdsuperfood.com:), Daraz, and Shop up are offering these opportunities.
5. Get Paid For Your Opinion
Did you know you can get paid to take online surveys? Right from the comfort of your couch, you could be earning money just by surfing the web. There are tons of great survey sites out there, and some of them give you a bonus just for signing up.
6. Flip Goods on eBay
There is a simple equation to flipping goods on eBay and making money. That equation is: buy low, sell high and repeat.
To get started, you will need to set up an eBay store. Then you need to do research on items that you want to sell.
You can find items to flip on the “free” section of Craigslist, your local Goodwill, or on eBay! Then follow the equation above and buy the item for a low price, list and sell it for a higher price and then repeat.
7. Dropship With Amazon
To make money dropshipping with Amazon, as a vendor you purchase the items at a discount by working directly with a wholesaler. Your profit then comes from the difference between the initial item cost and whatever price you sell the item at.
You can get your Amazon store set up and be ready to accept orders within 24 hours! Just as we mentioned with eBay flipping, it is important to do research when it comes to choosing which items to dropship.
Other wealth-making ways are…….
Sell An E-book
Sell Stock Photos
License Your Music
Tools To Help Outsource Your Business
If you currently own a business, outsourcing will free up your time so you can focus on other tasks that will result in more income. If you don’t want to hire employees, consider hiring freelancers who work as contract laborers. Look for freelancers with a strong work ethic who provide quality results.
As long as the main product or service isn’t something only you can do, you can transform your business into a passive moneymaker.
Here are the companies I recommend starting with:
- CloudPeeps: CloudPeeps does an excellent job matching businesses in need with skilled, vetted freelancers who can manage everything from PR and marketing to web development and administrative tasks.
- Fiverr: Fiverr has it all. Much like CloudPeeps, it supplies hand-picked freelancers for all of your business needs.
- Guru: Guru offers similar services to Fiverr and CloudPeeps but emphasizes their flexible payment options, like hourly pay, recurring payments, payment by milestones, and payment by the project.
- PeoplePerHour: With an advanced AI system that matches your project needs to the perfect freelancer and featured on Forbes, CNBC, and BBC, PeoplePerHour offers a legitimate pool of talented artists to outsource to.
- Upwork: Like the other freelancing networks, Upwork pairs you with freelancers in several sectors and boasts hires by companies like Microsoft, with short-term, full-time, and recurring options.
5 reasons why you should consider your own Amazon business