10 Best Passive Income Ideas in 2021
How to make passive income online in 2021. These passive income ideas aren't the same old ideas you see recited over and over again on YouTube. You've already heard about those ways to earn passive income and if you wanted to do those, you already would have.
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These passive income ideas for 2021 are unique which is one of the reasons they work. If you use the same old ideas for making money online that everyone else has been using for years, it's going to be a lot harder to get started. Many of these old ideas are saturated and getting started with them has become virtually impossible.
In order to see real success with making passive income online, you need new ideas. You need to think outside the traditional passive income methods and try things that are different. After watching this video, you'll have a new list of passive income ideas that you can try out, along with the knowledge you need to get started with any of them.
It's important to keep in mind with any passive income stream that you're going to need to put in some leg work up from. If anyone is trying to sell you on a magic money printing machine, it's probably either illegal, a scam, or both. When something sounds too good to be true, it probably is.
Creating passive income streams requires investing either time, money, or a combination of the two. When you invest your time to build a passive income stream, you might need to develop a new skill or learn how to do new things. This knowledge will pay off in time as you earn passive income and see the fruits of your labor.
If you don't have much time to invest in a passive income idea, you'll need to invest your money. This could be in the form of hiring others to build the passive income stream for you or buying assets that will provide you with cashflow.
Either way, passive income streams won't take off overnight. However, once the method for earning passive income has been set up, you'll be able to sit back and relax knowing that you're consistently making money online.
While there are millions of passive income ideas you can choose from, they only work if you do. You can watch videos like this all day long, but if you don't take action on something you're never going to start earning passive income.
So once you finish this video, pick one of these methods, and get started! It doesn't matter if this passive income idea is the one you stick with for the rest of your life, but at least stick with it for 3 months to give it a fair chance.
Once you decide which passive income idea you're going to start in 2020, COMMENT BELOW with what you're going to do so that we can all support each other.
Best of luck!
00:00 - Intro
01:07 - Create an Alexa Skill
04:06 - Rent Out Your Car
05:45 - Cash Cow YouTube Channels
07:22 - Build a Niche Website
09:02 - Print On Demand Business
10:25 - Creating an Online Course
12:23 - Starting a Podcast
14:15 - Vending Machines
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18:23 - Rewards Credit Cards