The Answer is the Income which you get by working for shorter period of time like - Shares ,Blogging ,Affiliate Marketing ,Selling some stuff on e-commerce site (Amazon ,meesho (Currently very trendy),Etc)
Why Passive Income ?
In todays world we need extra Money to match with our demand ,our dreams
So how exactly we can earn by in shorter period of time there are few tips which i follow during investments in shares or mutual fund :
Invest 25% of your salary into investment (12.50 % into shares and same into Mutual Fund )
Remember While investing in Shares we have to also look into the options where our rest of money will be Guaranteed safe so Mutual is best option for lower risk investment option - Yes Return is less but if you keep it for longer period of time as 5 to 8 years and so on then you can get 3X your Investments.
For Shares - remember to see the current last 1 month trend or Fluctuation of that particular share and then invest or else follow the simple rule - When the price of any share is so down like 5 to10 % Invest in it immediately and wait for some time it will grow or else do do some research pick any 10 shares of out of them and keep in it watchlist for next 10 days and and invest accordingly or best and safer option out off all of them is to go with your app - you can Use Grow app (Simple procedure and they also share tips for investment on weekly basis also suggest the shares to which you can invest )
For Mutual Funds - Again do some research or use same App Grow see the return after 1 years 5 years and invest accordingly - Currently ICICI Prudential and Tata Digital is very trendy.
Next Option is of Affiliate Marketing - you can create a profile with Amazon or Flipkart as Join Affiliate Joiner or Subscriber and share the product link ,if the person buys the product from the link which you have shared then you will get the commission out of it.
The commission depends on the products like if its clothing then you will get 5 % on each product also same with Cosmetic and for rest item you will get 2 % (All the no or percentage are used as example they may not be same )
For any other Investment options or any other Passive income source please comment and let me know
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