Are you a Teenager, Who wants to Earn Passive Income? If Yes, Then this article is for you.
So, You are a Teenager? Who wants to Make Passive Income? Right?
Who doesn't want to make money right? You want to make money but you are a teenager and you don't have much time and money because of your school or college and many of you go to various types of classes, let's say for example. Tuition classes, Swimming, Karate, etc, so you don't have much time but in your subconscious, you want to make money but don't know How?
Don't Worry, I am going to give you 5 Best Passive Income Source as a Teenager
What Is Passive Income?
In Understanding Way, passive income is an income which is earned by doing less hard work and earned from various ways which do not stop even when you sleep.
To make passive income, hard work is less involved but you have to use Smart Work then only you can earn passive income.
Initially you will not make money, you have to start from scratch, first, take the knowledge of that field which you are going into or from which you think you can make passive income.
So what to Choose as Passive income in a Teenager? This is the biggest Question that comes in our mind as a teenager when we don't have money, bank balance, credit, and debit cards, So HERE are some ways from which you make passive income as a teenager.
High Dividend Bonds
So when you are a teenager, you can try investing in the Bonds that will give you high investment returns. The only question coming in your mind is to invest you have to be at least 18 years of age, but my friend you don't have to be 18 years when you have your parents with you! Ahh. You Got it? Right! So tell your parents to invest in a bond which you would be recommended, because your parents don't know about that, so tell them to invest, but remember first make full detail of that bond or Stock, which you will be investing.
This method gives you much more return rather than investing in the bank account, but for this, you have to get proper knowledge and Good Portfolio.
High Interest on Savings Bank Account
This is also another way of passive income for a teenager, you have to just find out that which bank is giving you the highest rate of interest p.a. to you, then make a savings account at that bank, many Bank gives up to 7 to 8% of Interest on Savings account. You cant make your single account, but you can make your joint minor account with your one parent.
This is one of the most slowly giving interest and the most boring also, but yea this is a safer option to you, so you dont want to take any kind of risk, Open a High giving interst savings account.
Start a Blog
So, in the teenager, you can make your own blog, from that you can make some money or if your blog goes viral you can make even much more, the sky is the limit.
Before Starting Blogging, The blogging doesn't generate you money within some money it takes more time, in some cases it might take 1 or 2 Years, to generate income, but when your income starts, it will definitely go up never goes down.
You can Earn money by Adsense, Affiliate and other methods.
In blogging, you Should have proper Knowledge about all the Things which are used to blog. For Ex. SEO, Social Marketing, etc. So, if you are ready to work for a year and then the income, the blogging is for you.
Affiliate
So, if you started your own blog, then the Affiliate is the most useful way to earn Money.
What is an Affiliate?
> The affiliate program is to sell the products of an example company, so when you sell their product they will give you commission for selling their products, in this way you can make money from the affiliate program, the Commission margin is Fixed according to which Platform affiliate you are using.
You can simply put the affiliate ads on your site or Blog from which when someone buys from your site so you will get the commission.
You can sell the products just not in blog but also in the other platforms like social media, the affiliate program will give you your personalized link or URL from which when someone clicks your URL or link and buys a product then you will get the commission, you can send your URL or link to Whatsapp, Facebook, Every Social media Platform, The Thing is that the buyer should buy from your link only, then only you will get the commission.
Start your own Youtube Channel
Youtube is now the biggest and the second largest search engine after Google, and youtube gives you money according to your performance. You can be a creator on Youtube.
Again, like Blogger your youtube channel needs to first get monetized and have a lot of subscribers and views then only you can make money. You can Earn money in youtube by Affiliate links, by selling other or Your Products, So as a Teenager, Creating youtube Channel is the Best way to make Passive money
In Recent Times, to enable youtube Monetization, your channel needs to at least have 1000 Subscribers and 4000 Hours of Watch time, of course, it is achievable if you have proper content. "Content is the King" don't forget that. I would recommend you to focus on your Content and Marketing.
Sell Your Photo on Web and Do PhotoShoot
Do you Love Photography? if the answer is Yes, Then you should try to sell your photos on the web, you can earn money in many ways.
If your photos is good quality, then definitely you can sell your photos online, In online there are many websites where you can sell your photos, and there is the option of Donation, so if anyone wants you to donate you they can direct donate you to your account.
If you don't want to sell your photos, OR very few are buying don't worry, you can do Photoshoot of peoples, your friends, you can get paid through that also.
You just need to Market your photos to your locality, Try the first few photoshoots for free, it will make your portfolio Or Bio Stronger, then charge money for your one photoshoot.
So, guys, these were the Best Passive Income Source for Teenagers.
If you are a Teenager Like This⬆️, Comment which one you like the most and Share it with your Friends.
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