Getting passive income can be tricky, but you have a number of options to choose from. You can buy a domain name and market it online, sell your own digital products, or buy successful blogs. These ways to earn passive income will require some work on your part to build an audience and deliver a great product or service.
What can you do with 30K?
If you’ve always wanted to own a vacation home, but don’t have the cash to purchase a house, you may consider renting it out to strangers on a short-term basis. There are websites like Airbnb that connect homeowners with people who want to stay in their vacation homes. Go here
You can also make money as a personal shopper. You’ll need to shop locally and online, but you’ll also have to run errands for others. This can be a very profitable way to earn money.
If you’re a talented photographer, you can upload your best photos to stock photo sites and get paid for each sale. This is a lucrative way to make money, and many companies use these images for projects.
If you know how to program, you can create an app that you can sell on the App Store. You’ll get paid each time someone downloads the app. The more people who download your app, the more money you’ll make. You can also sell graphics on CafePress and make a profit.
Another great way to generate passive income is to purchase a rental property. You’ll need to spend some money up front, but you’ll be able to earn a profit on it for years to come.