Money is not easy to come by but if you fail to plan, you are planning to fail. As a Christian, its important to walk with God and believe the word of God. In this video, I shared ten passive income ideas for 2021. Most of everything I share here are what I have tried personally or I know someone who has tried it.
Ecclesisates 11:1 (Good News Translation) says :
1 Invest your money in foreign trade, and one of these days you will make a profit. 2 Put your investments in several places – many places even – because you never know what kind of bad luck you are going to have in this world. 3 No matter which direction a tree falls, it will lie where it fell. When the clouds are full, it rains. 4 If you wait until the wind and the weather are just right, you will never plant anything and never harvest anything.
Passive Income Idea 1: Affiliate marketing- A lot of companies allow you to refer customers to them. Example is Amazon. If you log on to amazon, on the first page, keep going down the page, you will notice toward the bottom, amazon associate. That is where you apply to be an associate and once approved, you will be able to generate links to all their product. And when customers click on your link, you are paid a commission. So many other companies have affiliates as well.
Passive Income Idea two: If you have an inspiring story, you can write a book about it. This book can either be printed books or sold as E-Books. It can be acted as a movie as well. You can also convert your knowledge into online courses. There are people writing about
Passive Income Idea three: high yield savings account. Instead of just saving as usual, you can discuss with your bank about accounts with high yield interest account.
Passive Income Idea four: You tube channel. What is your passion? You can turn this into a video and gradually, you build your channel for monetisation so that you are paid for making contents on your channel. check current you tube monetisation policy: At the moment-
You need to have 1,000 subscribers on your YouTube channel. Your videos have generated 4,000 Watch Time hours over the last 12 months. You comply with all YouTube’s policies and guidelines and You have an AdSense account set up
Passive Income Idea five: Online Course. You can also create an online course to teach an idea you have. People write about How to walk your dog, How to love your husband, How to plan a surprise party, How to rekindle your love life, how i passed my GCSE…etc. There is so much to write about
Passive Income Idea Six: Cash back credit card – If you want o apply for credit card, find out the one with most benefits. Not just any card. Find out details from the provider.
Passive Income Idea Seven: Start a blog and write about your passion. In your blog, you can put all your affiliate links and make money from them all. For example, if you want to write about the best baby stroller, you can use your amazon link to showcase a good stroller from amazon and when someone clicks the link to buy, you get a commission.
Passive Income Idea Eight: Print on Demand- t-shirt, mug, etc. You can decide to use any of the available Print on demand stores like Redbubble and Teespring. Use Canva to showcase your work. Its simple to use. For example you can create a design with the word Mompreneur, good mother… I love Jesus etc and take your design to the print on demand store. Upload your design and the website will show you what it will look like on the T-shirt or mug or pillows etc.
I saw a good example when Biden became president of America. A Nigerian created a traditional material called Ankara and made a video dancing with it. I was amazed not at the dance but the fantastic idea of the creator. You can create similar.
My link to try out Canva for free for your design is here : https://www.canva.com/join/check-necktie-spine
Passive Income Idea Nine: Yemot Energy And Haulage Services: If you like to invest cash, you can invest in Yemot Energy. The company is Nigerian based and they invest in Oil and gas. They pay out monthly. They are very reliable. Contact details are omoyemi.omotoso@yemotenergy.com
Passive Income Idea 10: Covetable Properties: Covetable Properties is a company that is into landed properties in choice places in Nigeria. They are very reliable and I have been to visit some of their properties in Lagos Nigeria. I have also invested in this company. Their website is www.covetableproperties.com and Contact is Dr Oluwatobi Oyefeso. oluwatobi.oyefeso@covetableproperties.com
You can check their website and contact them directly if you like to invest with them.
These are the 10 ideas i like to share for now. I hope you like them and hopefully you are blessed by them as you take action in 2021.
Please find link to my Print-on-demand T-shirt business for inspiration:
https://www.redbubble.com/people/SuccessinmyDNA/shop
https://success-olubaju-merchandise.creator-spring.com/
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