Sources of making Passive Income :
The first is affiliate and referral marketing which makes up a considerable portion of your monthly Passive Income. It’s about 30 of the total income that you receive. Affiliate marketing is essential for those who may not be aware of when you see content creators have links in their videos. So whenever you say you know, refer to the description box below for any links. All that means is if you click on that link and there’s a sale made, then you as a content creator. You will be able to get a small kickback from that sale. So it means that there’s no additional cost to you as the buyer, it just means you get a particular kickback.
Because you were the one that sort of promoted that sale to happen, the purpose of big brands and organizations want to be able to sell. Their products to a broader range of People. So they use influences, and they promote their products through Influences. It just means that the company itself gets revenue they get a new audience. That is attracted to buying their product but also means you as a creator.
If you can also earn a little bit of income from that, and for full disclosure. You will always mention whether there is a sponsored post or anything in the description box is an affiliate Link. You’ll be able to see that on all of their social media pages. The next source of Passive Income for yourself is your rental income from your investment properties. So essentially, that income is what you receive after all your expenses have been paid for your investment property, like council rates, water rates, and insurance.
Property investment for passive income :
That is the money that is left over. You have got through the passive income you generate from your investment property. If that is about fifteen thousand dollars a year, it has increased since making that, but it will give you a good understanding if you want to understand how you can make passive income from your real estate property. So you’ll make sure to leave that down in the description box below if interested. So, how do you receive rental income as a Passive Income because you got two investment properties? But you got three rental sources because your second investment property is a duplex.
So you are receiving income from your first investment, but you were receiving rental income from two sources from your duplex Investment. Suppose you have also done an o comparing buying your property and living in it to investing in your property and rent vesting. While you do that, there are lots of pros and cons associated with it. But if you want to build on your passive income, then investing is buying your own house, then you’re not having any rental income come Through. So it technically ends up being a liability. Suppose you think of it as money from your monthly pocket. In contrast, with an investment property, you have someone living there, so they are technically paying for your mortgage, and you can generate a passive income. Income if your property is cash flow positive, and it does appreciate that it all depends if you have bought in the correct location or not.