Passive income simply implies that an individual makes profit consistently for a job he only did once. It is further explained as making money without really having to work for it. Passive income is regarded by me as one of the major difference that exists between the rich and the poor. The rich engage in many income streams and make profits from all of them at the same time. While the poor puts all his hope on only one income stream. In Nigeria’s economy today, to have a passive income seems necessary than taking a look at convenience.

However, it is important to note that the passive income you engage in will make money for you but you have to be watchful. You can not just open the business and sleep off. It will require you to have spare time, commitment and capital to start up the business. When the business finally grows, you can then reduce your supervision towards it and make money while you sleep. The beauty of passive income is that you do not need to invest again or put more effort when your money starts coming in. I know Nigerians buy into the idea of making money while sleeping in the comfort of your homes. But this cannot be achieved without having the knowledge of passive income ideas.

Passive income ideas include:



Affiliate Marketing

Affiliate marketing is one of the best and easiest way to make money online. To earn passive income from affiliate marketing, people must click on the affiliate links you have on your site. When people click the affiliate link on your site, you then receive a commission at no extra cost to them when they buy a product or goods. It is one of the ways to make money without leaving your computer.

I have created a guide that would help those who are interested in Affiliate Marketing. Once you get this guide, you are sure of making almost $200 monthly.

Create an event centre/hall

There are a lot of Nigerians who celebrate special days like Birthdays, Weddings etc and even those who organize seminars. Majority of them would not want to do this under the open air for fear of either rain or the hot sun. They would prefer to hire a hall or an event centre to do want they want to do. You can earn passive income from creating an event centre when people hire your hall. You do not have to be present always, you can hire the services of somebody who will be in charge of collecting the money and releasing the place. If this idea is something you can conjure up with your money, then it is widely advised to do it.

Build an Online Course

Building an online course can also be a great source of passive income. It works like this; you create an enriching online course that will assist people in taking care of their problems or needs. The online course may be in form of a video, e-book and emails. You earn passive income from this business idea when prospective customers sign up to buy the online course package, and in return, your system automatically sends the buyers the email or e-book depending on what you created. You will fix a price so that when they see the online course package and are ok with the price, then they pay and you get credited into your local bank account or PayPal account if it’s a foreigner purchasing it.

Freelancing

Freelancing is another moving source of acquiring passive income. You can either sign up for Fiverr or any other freelancing job. Freelancing can be done anywhere and anytime depending on your work schedule. In Freelancing, a job will be assigned for you to do, and on the completion of the job, you get paid by any means. The freelancing job may include content writing.

You can also hire other people to do the job if you are not available, and when the job had been completed, you get paid and also your employee gets paid by you. It is one good source of earning passive income because it does not require much time to do. This book I created will help you earn on Fiverr. Top Fiverr freelancers make about $700, and you too can.

Engage in Network marketing

Network marketing is what the majority of Nigerians engage in to earn passive income. You are required to build up your network and once its set, you start earning money. The challenge that faces Nigerians is that they fail to follow up their referrers and explain to them what they are engaging in really means. Another challenge Nigerians face and are scared of is the issue of Ponzi schemes. They are afraid to venture into Network marketing for fear of getting duped because they think they might fall into the trap of Ponzi schemes owners.

Let people run your owned business

Nigerians far and wide also engage in this. There are many businesses you can start and give it out for someone to manage while you receive your income at the end of the day or month. Transportation business is one of it. You can buy a bus, then hire a good driver and a conductor. Their job is to carry passengers to their desired location. At the end of the day, the money realized would be shared between each party involved.

In conclusion, there are many business ideas you can engage in and earn passive income while you sleep. The numerous passive income business ideas listed above are very lucrative and easy to start. There are some passive business ideas that require huge capital to start up and there are some that require little or no capital. It all depends on what you have in your pocket. Overall, passive income business ideas are massive in terms of making it big.

If any of the ideas interest you, you can do well to visit the link below;

See Source for more Details

How do you earn your own passive income?

Join the conversation.

lalasticlala

Making ma money on fiverr 24/7



God bless fiverr

edited: please my whatsapp is on my signature instead of sending pm or quoting me to teach you fiverr

OKAY SIR

Okay

Okay

OK

Easy said than done.

But am not discouraging anyone though.

All these recycled ideas

favour136:
Making ma money on fiverr 24/7


God bless fiverr

teach me nah, help a brother

This dude again

I make my money through Network marketing.

InGodshand:
I make my money through Network marketing.

Nice


Would you like to Join a brand that has very good incentives

Ok

My favourites are Passive Blogging, Self-publishing and Network Marketing. Of the 3, network marketing is the best. The problem is that most Nigerians are still doing network marketing the old way our parents did it. I always feel sorry for the young people who just focus on the active aspect of network marketing.

When I decided to join the business model, I was clear on what I want to do. In the past 1 year, I have spent over N400,000 to develop system and platform to promote my business and I am still spending. Interestingly, all the money I have spent have come from the business I only started with N50000.

Today, my investment in my company stood at N750,000 and I am not through yet.

Two of the biggest challenge facing Nigeria network marketers is Sponsoring and Sales of company products.
To avoid the mistake of others, I develop my own recruiting system called Lead Magnet Conversion Funnel and currently I just launch my RankTribe Bootcamp where I want to teach others the techniques. You can check it out here at http://mlmdeals.ng/ranktribe/

To solve the challenge of selling product I launched 2 other sites http://mlmdeals.ng/ and http://health2wealth.org
These two site has worked wonder.

If you will like to join our RankTribe Bootcamp community PM me or call me on 07066999466

I agree totally with the writer's submission about passive income. My concept about wealth and financial freedom is hinged on the principle advanced by Warren Buffet...Until your Passive Income exceeds your expenses, you cannot be said to be wealth or rich. This implies that Salary alone cannot make anyone rich.

Network and Affiliate Marketing are my best vehicle to wealth. I currently run a network marketing business that is hinged on the basic hallmark of Integrity, Honesty, Fear of God. It is about building a network or community of like minded people, whose sole aim is to help each other and become wealthy.

This is what I do for a living and God has helped me so well.

favour136:
Making ma money on fiverr 24/7



God bless fiverr

can u teach me on how to make money on fiverr

wj26584:



can u teach me on how to make money on fiverr

ofcourse he can if u have some change to spare for ebook

Sorry please your email. Let’s have a productive conversation. Thanks in anticipation �

favour136:
Making ma money on fiverr 24/7



God bless fiverr

Churning out regurgitated shit

Alright. I would like you to know this.

The same old stories.

santricedupas:


teach me nah, help a brother

my whatsapp on my profile

wj26584:



can u teach me on how to make money on fiverr

my whatsapp on my profile

simplyme17:
Sorry please your email. Let’s have a productive conversation. Thanks in anticipation �

my whatsapp on my profile

Please I have been looking for someone to put me through on how to get an account on fiverr. I will allpreciate ur help. Thanks in advance

favour136:
Making ma money on fiverr 24/7



God bless fiverr

seenga:
Please I have been looking for someone to put me through on how to get an account on fiverr. I will allpreciate ur help. Thanks in advance

my number is on my profile

I tried affiliate marketing but there is pecuniary demands even freelance writing.