What is Passive income?
Passive income is unearned income acquired automatically with minimal labor to earn or maintain. It is often combined with another source of income, such as a side hustle. Incomes can be divided into active income, passive income, and portfolio income.
Why Passive income?
It is hard to sustain with your salary alone. If you think you can support with a single source of income in 2022 then you are in delusion my love. We all know that a little bit of money never hurts actually, any amount of money never hurts. So to uplift your lifestyle or bundle up some extra cash you have to have a passive income source. So, here I am to help you with ideas to generate some extra cash. Here are 5 passive income ideas in Nepal.
5 Passive Income Ideas in Nepal (2022)
1.Invest on stock market
Investing can be a great way to generate passive income, but only if the assets you own pay dividends or interest. Non-dividend paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income. Share market is one of the best way to generate passive income. Investing on the share market you are letting your money work for you. However, be very cautious while investing on stock market as it’s risky. Yet, you can make wonders of money from the stock market.
2.Online business (Facebook/Instagram )
Online shopping has been very popular on 2022. With the rise of number of people having access to the internet the market for online business has never been so big eith potential. Start buying items from wholesale at cheap price and sell with cetain profit keeping the margins to yourself.
Out of 10 people 7 has definitely used Tiktok. Create quality content on things that you are interested on and make videos regarding it. Gain numbers of followers and you can easily grab the brand deals. However, this can take certain time of your day.
4.Flipping (Buying and selling second hand items)
One of the best way to earn money is to flip the items. Buy the secondhand goods and sell it to other people with certain margin. The difference that you can create on buying and selling the good is yours to keep.
5.Sell graphic content
If you have photography skill then you can sell your digital images to clients. Also, search clients and freelance the project. You can sell your images on shutterstock and other similar websites.