How Can I Start To Create Passive Income With $100?
People think that luck is the primary factor in getting rich, but we believe that it is your investment decision that helps you achieve the desired financial freedom. Yes, your investment decision, whatever you invest with the hope of getting a good ROI.
Investment whether you are making in learning new skills or directly into something like a business plan, stock market, or even cryptomarket. Of Course, these require a big amount of investment, but what will be your reaction if we tell you that we are considering an amount of just $100 to create passive income.
Yes, you read it right, here we are sharing ways to create passive income with $100. Ways to generate passive income with $100 dollars or less. But before that, let’s talk about what exactly Passive income is.
What exactly is Passive income?
Passive income is more about time than anything. You can do a lot to earn money, but not all income streams become passive, for example, your job, Side hustles, Consulting, Investing for speculation are not passive income sources, they are active or Active Side Hustle Income.
So, we can say that a source of income that requires little or none of your most precious resources, your time!. Investing in real estate, Renting out your car, Building a program you can sell over and over, etc. are a few examples of passive income sources. Now let’s talk about How you can start to create passive income with $100.
Ways to create Passive income with $100
There are many ways to create passive income but if the budget is only $100 then most of them are not of any use. However, as per our experience, knowledge, research and prediction of future opportunities done by many experts we are here with some great ways to create passive income with $100.
Invest in Cryptocurrency
In 2011 1BTC was valued $1, and after exactly 10 years 1BTC costs $41,887. So, back in 2011 if you had bought BTCs equal to $100 and held it till now, you can imagine their current value.
But now, bitcoin is not that cheaper and at $100 we will not get enough, thus at present time, we will have to find something that is still in our budget and having potential like bitcoin. in $100 you can buy 235 Dogecoin or 14 PowerKoin and both have great potential to generate Passive income for you.
As Dogecoin’s price is very much affected by even some small factors we will suggest you invest in PKoin. It is a Stable asset-backed cryptocurrency launched by Power Corp.
With a solid business plan, a team of experts, and incorporating the latest technology, Powercorp is providing investors and users a great opportunity to generate great and regular passive income.
Blogging And/or Vlogging
You can start a blog without investing a single penny, but for a better, professional, and secure blog you have to invest $10 on the domain, ~$60 on hosting, and cost of the platform, and in the case of WordPress it costs $0, which is still under $100.
So blogging is the second option on our list, however, it may take time and a lot of effort. Vlogging and Video making are also not different.
You can create your channel on Youtube and any other similar site and then you will need a camera that costs around $50–80 and then you need some quality content and you are ready to go.
With the help of CPC ads and affiliate marketing you can generate a good income every month, just make sure to be frequent.
Launch Your Own Online Course
The idea here is to create valuable products in digital format that help solve a specific problem and have a cheaper price. Remember that a website has a global reach, and therefore business is based on high sales volume (not profit per unit).
If you are good at something and have proper knowledge of the same. So why not create an online course about your passion or talent for generating passive income? It requires effort at the initial stage but thinks in the way that you are launching a course and you can sell over and over.
Rental Income
If you have a property or vehicle that you are no longer using but you can still earn from it. This option may not be suitable for everyone because not everyone will have an additional property or vehicle for rent and you may need some more investment in renovating it.
By renting your property or vehicle you can create a regular source of income. It doesn’t require extra effort and it will be a long-term passive income source.
That’s it for today, there are few more ways like marketing, investing in stock, creating apps etc but the four we explained above are trending and having great potential.
With $100 investing in a Cryptocurrency will be a great way to generate passive income, and if you choose PKoin to Invest in then it is the best investment decision you have made, and as we said above your investment decision helps you achieve the desired financial freedom, with this note we would like to conclude this article.
Originally published at https://www.powercorp.us on June 1, 2021.