What is the investment required? – To have a product to sell to others, you need to put in a little bit of work at the start to create the product.
Once this product is created, you can generate a passive income by distributing and selling them through sites such as Udemy, SkillShare, or Coursera. The content of these products can vary greatly, from recipe collections to design templates and wireframes. These include templates, plug-ins, PDFs, printables, e-books, audio or video courses, or UX kits. But, you can minimize this risk by opting for investing in exchange-traded funds (ETFs) or high-dividend stocks from financially stable companies.ĭigital products refer to types of downloadable or stream-able media. What to keep in mind? – There is always a bit of risk in investing in the stock market, as when the companies are not doing well, or during times of uncertainty, the value of your shares may reduce.How much can you earn? – Profitable shares will result in high dividends for you, and can be a great way to build lasting wealth.Apart from this, you will also need to make an upfront monetary investment. What is the investment required? – When you invest in the stock market, you might have to put in some work at the start to find the right stocks to buy.But, if you diversify your portfolio and reduce risk, it can be a great way to earn you a passive income slowly over time. Many people are wary of investing in the stock market as there are no guarantees. Since these dividends are paid per share of stock, the more shares you own, the higher your earning. And when those shares appreciate in value, you will get payment (or dividends) at regular intervals from the company. When you make a stock investment, essentially, you purchase shares of a company.