When an income stream is passive, it means it requires little to no maintenance to keep the money flowing. Now, that doesn’t mean it can simply be completely ignored or forgotten about. No. Quite the contrary. It’s important to track every passive income stream and watch it like a hawk, no matter how automated it might be.
- Start a blog.
- Write and publish an ebook.
- Create an online course.
- Produce an audiobook.
- Become an affiliate marketer.
- Build a sales funnel.
- Develop a smartphone app.
- Earn real estate rental income.
- Sell digital products on Etsy.
- Generate royalties from jingles or audio tracks
- Make YouTube video tutorials.
- Sell professional photos online.
- Use cash back credit cards.
- Purchase dividend stocks.
- Invest through peer-to-peer lending platforms.
- Become an ATM vendor.
- Build niche or “guide” websites for lead or referral income.
The KenyaPreneur 