What passive source of income is the best for yesterday’s graduates?
Where to invest money to create a passive profit if you have graduated from school or university and live in Australia? You can find the 5 best forms of passive income in this article.
Creating a blog
Chances are you already have an Instagram account or YouTube channel. Once you’ve decided on your target audience, you may start posting quality content that’s interesting and useful to your potential subscribers.
Over time, you’ll build up a paying audience, and they’ll start buying ads from you. By the way, Hollywood actor Dwayne Johnson is paid $1 million just for a movie poster with his participation that will appear on his Instagram profile.
The challenge is to register your original domain and then sell it for several times the price. You’ll need to register names like FairTradeChocolates or Skyvio. That is, something that will be in demand in the future, something exclusive.
You can earn on average $300-500 a month on this subject, so it’s recommended to every student to try themselves in this business.
You attract customers to the shop site and then get a percentage of its profits. You can work both with the official and widely known affiliate programs of Amazon and AliExpress, as well as with their counterparts.
You may get traffic in several ways, from running your blog to arbitrage. Any method that works has a right to exist.
Photo stocks like Getty Images buy images. But, of course, they must be taken in good resolution and, if possible, stand out from the crowd in the feed.
The best place to start is 500px or Foap, as registration takes only 5 minutes. With other services, your application will be accepted by live moderators, making the waiting period stretch up to 2-3 weeks.
You may start by uploading 40 pictures. Once people buy one of them, you will get your small additional money. The more photos, the more you earn.
Investing in the stock market
The way with the highest level of risk, but also with the highest return.
First, it is better to understand how the stock market works, how to earn on bonds, whether you need speculations, and how everything is generally arranged here.
Then you have to open a brokerage account and put a certain amount of cash there. This amount of money can be used to start buying securities.
The best option for a student is mutual funds. It is not the most profitable instrument, but the safest — specialists select suitable tools for you and are interested in getting more profit. You only buy a share in the fund, which is like a small part of the shares it owns.
Investments are the best kind of passive income because you only put your money out there once, and it works for you for the rest of your life. However, if you want your additional revenue to grow even faster, it is worth remembering to fund your brokerage account regularly.