The effort and concentration being used in a 9 - 5 jobs most times do not worth the paycheck with the stress involved. Many desired to build multiple streams of income such that even when they are sleeping, they do not have to worry about the bills because their paycheck is still rolling in even when sleeping.

Passive income plays important role of generating income for you even while sleeping and they are as a result of hard work like building an audience, paid ads optimization, promoting of affiliate products with monthly subscription, royalty fee from previous created NFTs ( Non-Fungible Tokens) and promoting superior and high-demand products.

Passive income, apart from creating more financial freedom,provides you with the flexibility to acquire things you like without being affected financially.

1. Promoting trending seasonal products:

As at the time I made this blog post, it is already summer season and being one of the hottest of the four (4) temperate seasons, you can think of products that people will like to buy at the summer season like custom polo, handy rechargeable fans and so on. You can earn passively from these products when you drop ship them to people that need them or become an affiliate for companies that produce such products, you can create a mini online store and deliver to people that places an order for the product.

2. Promoting affiliate products with monthly subscription:

This is one of the best way to earn passively. Promoting affiliate products not only with monthly subscription but even with CPA (cost per action) offers (which you can earn when a customer to takes a specific action like signing up to vendor's newsletter, adding products to cart and so on) provides you the opportunity to earn passively.

Promoting affiliate offers with monthly subscription can earn you over a thousand dollar ($1000) monthly depending on the subscription fee and also the number of people/customers willing to continue subscribing for the product monthly as far as the product is good.

3. Investing in real estate:

This can be a reliable source of passive income through renting of properties. "There is a common misconception that passive income in real estate investing requires little to no work. However, those interested in creating passive income with real estate should take an active role in what should be treated like a business, whether it should be searching through properties, screening tenants, hiring a property manager or addressing repairs, owning passive income properties does require a certain level of involvement" read more

4. Investing in cryptocurrency:

Since the invention of cryptocurrencies in 2008 by Satoshi Nakamoto, cryptocurrency has been a source of passive income for many people. Just like investing in stock markets, in crypto investment, you can be an investor (investing in potential coins with good use case) or a futures trader predicting the highs and lows of the crypto market and this requires crypto analyzing skill.

Crypto investment can give you over 100 times the capital invested within a certain period of time as long as the currency has potential and use case. "Passive income is earned directly form ownership over your digital assets, it involves no continuous effort" read more

5. Starting a blog:

Blogging as a passive income can generate over $2000 (two) dollars per month for a serious blogger. At initial stage, a lot of efforts are required like: writing blog articles/post, hosting the blog, advertising your blog through ads media and social media, managing subscribers to your newsletter, e.t.c. However, the money comes in when your blog has gained popularity and ranking in google search, you can either advertise affiliate products for companies through your blog or earn through Google AdSense.

"There are ways to monetize your blog : you can either use display advertising, affiliate marketing or sell a product or service" read more

6. Building an online market place:

There are vendors who are willing to pay you to help them market their products online, companies like Alibaba and Amazon help to draw customers closer to vendor and this can earn you income if you own an online market place. Initially, you will have to focus on advertising, contacting various vendors and seeking out about their products and how good they are because you want to gain the trust of both the customer and the vendor.

when your online market place or store has gained grounds, vendors will be willing to pay for you to get their products in front of the customers because your brand has been recognized and trusted by people.

7. Writing/publishing e-books on Amazon Kindle:

If you are a fan of writing articles or books of any kind, you can venture into being a writer on Amazon Kindle, you can also be a publisher, publishing or summarizing free articles you found online on Amazon Kindle. This can earn passive income whenever some purchases are made any day and any time on the book/article you published .

8. Drop shipping :

One of the advantage of drop shipping is that you do not have to own the product or keep the product in stock, all you have to do is to provide the product through direct delivery from the manufacturer to the customers. This can be very profitable if you own a drop shipping store where all these products can be advertised or placed and linked directly for delivery to the customer when an order is placed.

9. Creating NFTs (Non-Fungible Tokens):

This is one of the new invention on the crypto space, you can earn passively from the NFTs you created such as : music, arts or books ,e.t.c anytime someone makes a purchase. Some NFT creators attach royalty fees to their NFTs so that whenever a current holder of their NFT happens to sell to another person, they will get commissions and this has been a good source of passive income for NFT creators.