Money and Income are the two most important factors of Life. We all work to earn money because it is essential for life and survival
If you’ve been looking for an alternate income stream that requires minimal effort, Social Media and digital marketing could be your answer.
Let me connect with you by youtube my digital presence and get an Overview of the Article
What is Passive Income?
Passive income is something that you get money when you’re not working or not spending time on it.
Passive income helps you generate extra cash flow, and the economy affected caused by the COVID-19 crisis is a testament to the value of having multiple streams of income. With the pandemic lot of people lost their Job, passive income helps you bridge the gap if you suddenly become unemployed or in any crisis discontinue your Source of income.
you can build passive income using your Social Media time, energy, and skills.You can earn from Social Media.
A passive income system that you can create could be a blog, website, eBook, online course, or anything that can generate income for you.
For example, if you create an online Blog, you just need to update its content to keep the money flowing through Affiliate Marking links or Google Ads.
The best part of Passive Income is that you utilize your spare time or Social Media time and create a working system that will work for you and generate passive income.
If Passive Income is the best option for earn Money, why everyone does not work on Passive Income. The reason is simple — it is a long time process to build a System and to earn recurring passive income.
Why we need Passive income?
Passive income is the greatest wealth-generating tool – something that requires an individual’s active participation. Thus, even if an individual has a full-time job, he or she would welcome additional income without necessarily having to sweat for it.
passive income is very important because it creates stability, security, and freedom in your financial life. Additionally, since passive income is not limited by your time and effort, it can have a positive, and significant, effect on your ability to build wealth.
In Second words, passive income is one of the best paths to improving your financial situation.
But if that isn’t convincing enough, for the rest of this guide, I’m going to cover the top 5 Benefit Passive Income why passive income is need.
Benefit Passive Income By Digital Marketing
#Benefit 1 — Passive income gives you the freedom of time
Time is the most expensive Asset.In fact, Time is more valuable than money. You can spend and earn money as you want But time can be used just once. if time is passed .its is gone forever.
When you have freedom of time because you are not engaged in full-time active work, you’re free to do as you want.
This doesn’t mean you have total freedom from all of life’s responsibility; it simply means that you have the flexibility that you can do what you love it. As long as you can ensure that your passive income raises your monthly expenses, you’re free to spend your time as you choose. With each new passive income stream, your revenue eventually better than your expenses, and you ultimately get true financial freedom.
#Benefit 2 — It reduces your stress, anxiety, and fear of the future
The worse thing is that having the Pressure of inability to pay your expenses. It causes anxiety, fear, and overall hopeless desperation for the future.it affects you Mentally, physically, and spiritually, It emotionally beats you up and destroys your hopes and aspirations.
Passive income helps relieve all your worries. It helps throw out fears because you aren’t worried about losing your job or selling downsizing Products of your business.
You have more energy and are more motivated to get out there because you stable financially in your life.
#Benefit 3 — It allows you to pursue doing the things you love rather than what pays the bills
We all have things that we are passionate about doing in life. But we always put them off for later because we have the burden to earn money. When your passive income rises your debts, why not get involved with a project that you love to do? Maybe you want to help out at a homeless shelter downtown that can’t pay you. Whatever it is, you can do it because you’re not worried about the income.
you can do it, whatever you’re passionate about. you don’t need to worry about calling in sick or taking time off from work. You’re your own boss.
#Benefit 4 — It gives you the ability to live and work from anywhere
When you have passive income, you can anytime pack your bags and go favorite place. you don’t need to stay in one place. You can continue to wander after just a few months. And why not when you have the financial ability to do so?
#Benefit 5 — It provides a platform for financial stability and growth
When your income comes automatically from your build system. and you don’t need to worry about your expenses at the end of the month. It allows you to think and explore new ways of getting strong financial stability and to grow it. It fueling you towards your financial goal.
How much Passive Income you can earn?
You can make as much as passive income you want. However, it’s not a get-rich-quick scheme. You’ll need to put in some hours, effort initially, and capital to create a passive income source.
You just set your goal How much you want to earn in a month or 6 months or Yearly. After that, you have to set a strategy to achieve the goal.
You have to consistently raise your goal which eventually increases your earnings from passive income.
Which Platform needs to Build Source of Passive Income on it?
Here I mentioned the three of the most major platforms.
- Social Media Platform
- Your Blog/Website
- Your Niche related Blog
- Your E-Commerce Platform like
- Amazon India,
- Flip kart,
- Snap deal,
- Cast box,
- Suno India
If you interested more in podcast check out the site threel.in
How to Genetaring Passive Income by Digital Marketing?
Step#1 —- Choose your niche from particular Industries
Choose your Niche based on this aspect:
- Identify your interests and passions.
- Identify problems you can solve.
- Research your competition.
- Determine the profitability of your niche.
- Easily identifiable customers
- Easily accessible customers
- A large potential market
Find out of Your Interest like Cooking, Technology, games, Digital Marketing, Photography, Content Writing.
Industry Category is:
- Baby and Maternity
- Blockchain and Cryptocurrency
- Books and Fiction
- Business and Career
- Cameras and Photography
- Cars and Vehicles
- Cooking and Recipes
- Crafts and DIY
- Diet and Weight Loss
- Digital Marketing and MMO
- Gardening and Lawn Care
- Makeup and Beauty
- Martial Arts
- Music and Instruments
- Pets and animal care
- Technology and Gadgets
You have chosen very narrow niche like content writing only Indian Gujarati food, sell on customized male Shoes
Step#2 —-Find your Methods Representing
- Video/Audio Making
- Photo/Memes/Poster Making
- Content Writing
Step#3 —- Give Informative Value of Your Knowledge
If you’re not providing informative and Knowledgeable value to the conversation, you’ll never reach the ears of any audience.
If you can attract people enough with your knowledge and conversational value, they’ll sell everybody else to you. Then they’ll tell friends, and so on…until you have a huge audience.
Once you start posting content on social media, you will often get likes and comments on your posts.
The important thing to remember is to make sure you are actually building real relationships with people.
Step#4 —- Engage with your Audience /Your Tribe
Don’t just respond to comments on your page/post.
It’s not enough to simply comment respond.
You need to start conversations.
Another way to engage with your audience is to ask them a question or make a free webinar or come live video and start a conversation about a topic of mutual interest. Interactions like these help build personal connections with your audience and solidify your position as an influencer.
Your content is the fuel that burns the fire at the heart of your Audience marketing strategy, but engagement is the spark that lights it.
you need to be able to push people to take action for their growth.
Passive Income Ideas 2021
- Passive Income Ideas In India for Students – Level 1:
- Start a Blog
- Online Advertising
- Create an eBook
- Sell Audiobooks
- Create and Sell Music
- Write an e-book
- Start making YouTube videos
- Sell your photos on the internet
- Passive Income Ideas In India for Professionals – Level 2:
- Create a website for affiliate marketing
- Use your Social Media account for Advertising
- Create an Image Portfolio
- Create Visuals and Logos
- Sell your own products
- Sell Digital Products
- Sell Software
- Buy a Working Blog
- Sell useful Guides and Notes
- Passive Income Ideas In India for Experts – Level 3:
- Sell Website Hosting
- Create an App
- Sell your Website or Blog
- Buy and Sell Domains
- Create an Online Course
- Start a Podcast for Selling
- Start a Podcast for Selling