What passive income ideas can you borrow from 2019?
We had quite a few interesting opportunities in 2019, and those who managed to identify and take advantage of them survived the 2020 crisis more easily. But more interestingly, the passive income ideas 2019 are still relevant today. And now we’re going to look at the most interesting ones.
Do you have money on the high side? With the low-interest rates, you will hardly achieve profit. This looks quite different if you make your cash available for private loans. Especially credit providers in the Baltic States and Eastern Europe offer high-interest rates and make sure that your cash is secured. Especially quick loans offer a high revenue.
Today site creation is quick. But the competition is big. If you want to make money with sites, you need a site with an unrivaled topic. It has to be a niche site. A topic that interests many people and represents a kind of niche. The revenue you then ensure via paid advertising in the form of affiliate links or enter into other cooperations with advertising partners.
Do you run your blog or have a Youtube channel? Then place banner ads there and provide revenue. You can find suitable advertising media on the Internet. You can adapt the banner advertising to your topic. For example, if your blog or channel is about travel, you may cooperate with airlines or travel companies.
Your car is often unused in the garage or do you have a second car? Then earn with car sharing. You don’t take any risks, because the rental is insured and you are billed directly by the company.
You need to place the donation button on your website or blog. Of course, this is only possible if you offer high-quality content. Your site must always be up to date and bring real value to the readers. Then you easily receive a profit. You might pay via Paypal, for example.
Want profit for a longer trip or do you even want to leave for some time and still keep your apartment? Then you might sublet all or part of your apartment. If your apartment is rented by yourself, you have to ask the landlord for permission in advance. Here you find more information
You might also have income by trading stocks. However, the field is extremely complex and only recommended if you know the stock market very well. Before you start trading, you need to have your trading account. Keep in mind that stock trading involves risks. Some investment areas do not take responsibility if you trade on your own. They operate under EU rules, but with exclusion clauses in the area of stock trading.
Those who want to earn money with mutual funds take a much lower risk. Investment platforms offer a wide range of opportunities. The good thing is that you might invest here even small amounts from 10 euros a month.
The money works as a kind of savings book with investment. Alternatively, you can also have the revenues paid out regularly. With funds, the risk is spread, because a fund consists of any securities. If security fails or makes losses, then you lose only a small amount of your investment. In most cases, however, the loss is absorbed by other fund deposits and new investments.
Foreign exchange trading
You can earn passive income by trading foreign exchange. This can be done without any effort and any problems on your own. You just have to watch the politics and the stock market and buy at the right time. Some countries are politically unstable. War could happen or a president could die. But also things like the BREXIT or the Coronavirus push currencies down. At that moment, you have to buy the country’s foreign exchange. After big crises, things usually go up again. Then you sell the foreign exchange again and make a huge deal.
You also rent out outfits of all kinds. There are endless possibilities here. Sports outfits are great for renting because some people want to get acquainted with the sport first. They did not decide on the right sport. Why buy expensive equipment when you can rent it. For example, fishing, golf, surfboards, and diving are in demand. But you can also quickly get profit with another outfit. Perhaps, you have high-quality photographic or an extensive camping outfit. Especially the latter can be leased out very well and over a long time during the vacation season.
If you have coding skills, you earn profit in a flash. You can either develop your programs or write programs for others. Then you either receive a one-time compensation payment or permanent money. You then participate in the software sales. Even higher earnings you achieve with your own programs. Again, you write a program once and get permanent income from it.
Even though many cryptocurrencies were going through tough times in 2019, it opened up opportunities for investors to buy them at a low price and hold them in their wallets. The recent drop in the price of cryptocurrencies and its rise proved that this idea is still relevant in 2021. So, it’s up to you.