Earn an Extra $1,000 Per Week with These 5 Passive Income Streams
How To Earn $1,000 Per Week with These 5 Passive Income Streams
Many people have heard about passive income streams, but few truly understand how they work and how to set them up correctly. This list of passive income streams can help you bring in that extra money you’ve been looking for, whether it’s $100 or $1,000 per week! It doesn’t take much effort to get started — you can even start with #5 on the list and slowly build your way up to the top source of passive income!
#1. Affiliate Marketing
One way to earn passive income is through affiliate marketing. You can market your own products or someone else’s and get paid a commission when you make a sale. It’s not easy to get started as you need to build up some sort of traffic before companies will want to work with you, but it’s possible for new affiliates on sites like Amazon to make over US$10,000 per month or more from one product.
How To Earn $1,000 Per Week with These 5 Passive Income Streams
#2. A Blog or Website
Having a blog or website is a great way to earn passive income. To make it easy on yourself, you can use sites like WordPress which has both a free and paid version.
#3. Become an Online Tutor
Online tutoring is one of the fastest-growing fields in education. Alongside online courses and MOOCs (massive open online courses), web-based teaching has exploded in popularity over the past few years. With students all over the world seeking out quality education at their convenience and a teacher base to match, it’s no wonder why this business niche is thriving.
How To Earn $1,000 Per Week with These 5 Passive Income Streams
#4. Advertise on Facebook
Facebook is the largest social media site in the world and your audience is likely on it. Unlike Google Adwords, there are a number of different ad formats to get you started. With Facebook ads you can do retargeting so that every person who visits your website will see your ads at some point while they’re scrolling through their feed. You can use more advanced forms of targeting like demographic targeting and interest targeting.
#5. Use Fiverr
If you’re a graphic designer or creative type and have experience doing things like logo design, book covers, sketches and illustrations, then Fiverr is a great option. You’ll get paid per gig to create designs that people need. The earnings potential on Fiverr is absolutely massive as there are millions of different types of gigs available at any given time.
