“Work smarter not harder”. It always rings in my mind. It was a nice saying indeed, but how? How can I do it, it’s easy to say but hard to do. I am a mother with a full-time job in the office and part-time work from home. Earning money is really exhausting but I need to do it to sustain our family’s necessities especially now we are in the midst of a Pandemic. My husband's work was affected too, he’s a tricycle owner/driver, our town allowed tricycles to travel three times a week. I know all was really affected by this Pandemic, many others are now unemployed. Thanks to God, he let me kept my job but since there a crisis our Company cannot pay our salary on time, I need to think of another way to live and pay our expenses. Good thing I hired in an online job even without experience, another thing to be thankful to him. God really knows what and when we need the help most.
I opted to work on my office job three days a week to help myself and our company since it hard to pay our salary but still it’s tiring. I always keep thinking about how to earn money even without doing anything. I think my time is wasted working, Most of the time I’m on my computer and it’s really exhausting looking at my monitor, doing my work. I’m trading my time with money in this kind of scenario in my life. Yes, I’m thankful that I had a job that others don’t have now but if you are in my shoes would you rather like working yourself to death than earn money without doing anything? The money will automatically flow to your bank account, It’s was a great thought, right? But the big question is how, how we will be going to achieve it?
Then I learned about Passive Income, making money while you sleep, sounds great right? You can refer to Rich Dad Poor Dad book for more ideas of passive income but for now, here's a shortlist of a few passive income ideas, so it's likely that you'll be able to find at least one or two that will work with you.
1. Investing in the Stock Market
The first thing you should know about stocks is they are ownership shares of businesses. What does it mean?
There are over 200 stocks that trade on the Philippine stock exchange. Each of those stocks has a number of shares. For example, San Miguel Corporation has over two billion shares of stock! The owners of those two billion shares literally own the company. If you were somehow able to buy ALL two-plus billion shares of San Miguel Corporation on the stock market, you will be going to control the entire company. But that is nearly impossible, considering how much money it would take, and the number of shares available to buy. But think about it. If you buy as little as one share of San Miguel Corporation, you’re now a part-owner of the company. Yes, it’s a very small part of the company, but you’re still considered an owner when you own as little as one share. The same is true for all the companies listed on the Philippine Stock Exchange. Please refer to this link for more info. How to invest in the stock market?
And if the Company will earn income, you will earn as well as part-owner without doing anything. Your earnings will be base on your share.
2. Make YouTube videos
This is a platform that is growing so fast. You can create videos on any topic that you like - it’s either music, tutorials, comedy, movie reviews, opinions, anything you want, then upload them on your YouTube account. You can then apply it on Google AdSense, How to approve in google Adsense, please refer to this link How to earn money on youtube?. Once approved, your video will now automatically showing ads, when viewers watch those ads in your video, you will earn money from AdSense.
The key will be to create good quality and interesting videos which will encourage people to watch. You need also to promote those videos on your social media. There's a bit of work and effort in creating videos from the start but once a video is done it will earn passive income for a long period of time.
3. Try affiliate marketing and make sales.
This is a passive income that is better suited to those who have blogs and active websites. You can sign up to promote certain products or services on your site, for which you will earn a commission for successful sales.
This is not hard to do since there are thousands of companies in the world who want to sell their products in as many places as they can. Different Companies are now offering an Affiliate marketing program like Amazon, Lazada, Shoppe, eBay, Clickbank, and many more.
4. Sell your own products on the internet.
You can sell your own product now on the internet, it’s better if it’s digital like photography, there’s a lot of photography website nowadays who sell their works online so that even your on your sleep you can make a sale without thinking about on how to deliver the product. You just need to set up your online payment method so that they can easily pay for your product without hassle.
5. Write an Ebook
If you are good at writing, you can make an ebook and sell it online. It needs a lot of work from the very start but after the book is finished, you can sell it in kindle on amazon or offer it on your website or others who are interested in your books to buy. Just make sure you put a good item to read on your ebook to entertain your readers and will make a good review to you, good review means a good impact on your book which will provide you a good sale and a passive income. Work on your title, it will suppose to catch the attention of the readers.
All of that passive income will not achievable by just a twist of your finger, it’s not come to you in just a blink of your eyes, you just need hard work, time, and effort. You also need to focus on it and make sure that if you start it you will finish it because you will be going to encounter a lot of struggles and one of those is asking yourself "is it really worth it or you just wasting your time for nothing?" That's why you need to be focused and make sure of yourself that you can achieve whatever goal you set. Believe that it's all part of the process, that one day you will just relax in the comfort of your home and wait for your earnings while you are sleeping. The good thing about it is just you need to do the hard work at the beginning and wait for it to earn for a long period of time. That’s how passive income works.
“Life is too short, always choose Happiness because you deserve it!”
Thank You:-)
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