.png)
90% of passive income ideas on YouTube
are not doable for people like you and me
Because these are such ideas
in which either you spend a lot
or you have to work very actively.
They are not passive ideas
But in this video
I will tell you the 8 best passive income ideas
that you can start with minimum investment
and minimum effort
And I am earning money directly or indirectly myself
through these 8 out of 4 passive ideas.
But before discussing the following ideas
let's understand what passive income is.
Well basically passive income is such an income source
to earn which you do not have to make any effort actively.
So, if you do not do some work
and still, you are earning money from something
then that is your passive income source.
For example,
you will keep getting paid.
But as soon as you stop working
your salary will stop
and you will stop getting income from there.
so, it is not your passive income source
On the other hand,
Let's say that
You have invested
in a local restaurant business in your area
and that restaurant is run by someone else
Someone else manages
So, even though you are not involved
in the day-to-day operations of that restaurant
you are not doing some active work
Still because you are an investor in that restaurant
whatever profit that restaurant will earn
you will get a portion of it
you will have an income source.
So, this is a passive income for you
because without doing any work
without putting extra effort
you are earning money from there.
And do you know?
How many sources of passive income
are there for an average millionaire
not 1, not 2
not 3, 4, 5, 6
7 sources of passive income for an average millionaire
That's why it is important to have multiple sources of passive
so, let's go without wasting time
2
Let's talk about the 8 best passive income sources for 2023
So, the first idea of this list
this is such an idea
in which you have to put only one time effort
And for this one-time effort
you can also earn crores of rupees every month over the years
and this idea is basically selling digital products on Etsy.com
and basically, Etsy.com is a marketplace
which is very popular
for buying and selling
vintage products and handicraft items
but very few people know
that on Etsy.com
you can also buy and sell digital products and templates
and digital products are basically digital templates or designs
that any user can download and use
For example,
Resume Templates,
Digital planners,
Social media templates,
Business cards,
Restaurants menus and many more
And the best part about digital products
You only need to make it once
and you can sell it for life without any extra effort.
For example,
If I give you an example of this email signature template
then you can see
that this is a very basic email signature template.
Which you can buy for 677 rupees
so, this creator made this template this one time
and has earned more than 1 crore rupees
for this one single digital template
w naturally a question may be coming in your mind
that where will these digital templates come from
Either you can make them by yourself, completely from scratch
to use any designing software
Or you can also do it using platforms like Canva
where there are already many templates available.
You can customize those templates
by editing your own creativity and styling.
And one can create your own digital template
and sell it on a website like Etsy
you will not have to work repeatedly.
And for this one-time effort
you can keep earning money for the rest of your life.
So, this is a great passive income idea
for 2023 and beyond also
So, moving on
Which is the second idea
I am going to tell you
a mix of 2 different passive income ideas
people talk about these 2 ideas differently.
But I think that if you mix these two
that will be much stronger
And this idea is basically using
Blogging + Affiliate marketing together
And blogging is also
We all know, a very passive income idea
or money-making source
