Passive income refers to earnings that require little to no active effort once the initial setup is done. Here are ten passive income ideas that can be implemented in India:
Rental Income
Invest in real estate properties and earn rental income from tenants. You can rent out residential or commercial spaces, such as apartments, shops, or office spaces.
Dividend Income
Invest in dividend-paying stocks of reputable companies listed on the Indian stock market. This allows you to earn regular dividends without actively trading.
Peer-to-Peer Lending
Participate in P2P lending platforms that connect borrowers with lenders. You can lend money to borrowers and earn interest on the loan amount.
Royalties from Intellectual Property
If you have creative works, such as books, music, or digital art, you can earn royalties when others use or purchase your work.
Create and Monetize a Blog or YouTube Channel
Start a blog or YouTube channel on a topic you are passionate about. Once you build a significant audience, you can monetize through advertisements, sponsorships, or affiliate marketing.
Invest in Mutual Funds or SIPs
Invest in mutual funds or Systematic Investment Plans (SIPs) to grow your wealth through regular contributions and capital appreciation.
Create and Sell Online Courses
If you have expertise in a particular field, create online courses and sell them on platforms like Udemy or Coursera.
Invest in Real Estate Crowdfunding
Join real estate crowdfunding platforms that allow you to pool money with other investors to invest in real estate projects and earn returns.
High-Interest Savings Accounts or Fixed Deposits
Park your money in high-interest savings accounts or fixed deposits to earn interest passively.
Affiliate Marketing
Promote products or services through affiliate marketing. You earn a commission for each sale or lead generated through your unique referral link.