When we take a look at our education system, it doesn’t teach us how to make money
As l am thinking about varsity days in this article lets take a look at some of the active and passive income ideas that one can consider doing even as you are working on your 8am to 5pm job.
Online active income
1. Foreign currency trading
As part of online active income foreign currency trading (FX Trading) is one of the on-line business one can venture in to.
What is forex trading?
Foreign currency trading is simply the buying and selling of current at determined prices.
Is it easy to trade currencies online?
No it’s not a walk in the park. For one to have multiple wins in foreign currency trading there has to be consistency, commitment, dedication, patience, and persistence. The more you are determined for the long-term, less hard becomes the Forex Trading. The more you insist and persist, the more money you earn improving. It is not a quick get rich scheme and you can easily loose monies. But if you master the art of trading and sharpen skills you can afford to pay some bills.
To trade currencies online, you need to find a reliable broker, fund your account and start trading. Note that you first have to practice and test your strategies on a demo account with virtual funds before you trade on a real account, that is the money you deposit in the trading platform.
2. Teaching English online.
l consider this one as one of the best options to embark on in this dispensation where schools, institutions are closed. You have to find online teaching companies and choose the ones with simple requirements for you to kick start. A computer, an internet connection with good speed and your time. You can work at the comfort of your home. Cambly is one of the companies which can hire you to teach English language as they are so many people from different countries interested in sharpening their English skills. You can make $10/$20 per hour. You can decide how many hours you want to work per week. Advantage being you work according to your schedule.
Offline Active Income
1. Vegetable Packaging and reselling
Since at school one of the practicals they taught us was agriculture, we know how to plant vegetables and the like. One can actually take the route of buying different types of vegetables, package them nicely for example by making vegetable combos like bundling broccoli, cauliflower, tomatoes, onions, carrots, potatoes, butternut, etc and price accordingly factoring transport costs. Already there are people who love variety and are not so keen of going to the vegetable market. Advertise on social media, word of mouth. Why not take advantage and make deliveries to offices, people’s homes, restaurants etc. It gets even better, you can make an online store for your orders and put payment gateways and all that!
2. Selling Healthy Meals
There are people who are trying to maintain a healthy lifestyle by watching what they eat. One can come up with a simple health plan and prepare meals according to the plan, be it salads, fruits, meats, one has to think outside the box. Be creative come up with unique and healthy meal plans. You really don’t have to set up a restaurant or the like, prepare from home and deliver to your clients. Note that, you only prepare your meals according to the orders you get so as to minimize on wastages and therefore get a decent profit!
Passive Income Ideas
Passive income is the idea that brings in the money while you sleep. You have to do something to generate passive income up front, here you have to invest in the idea timewise and monetize, but then you can rely on that income into the future because its recurring because all the work would have been done.
1. Creating an online course
Do a market research and find out what challenges people are facing and how the challenges can be solved. Since there are a lot of people looking for answers, solutions, ideas and the like out there, by creating an online course with steps to follow on a particular subject area is how one can earn passive income. After creating the course you can go further and monetize it. With online courses you can create as many and sell, look for problem areas and create quality content so as it meets someone at their point of need.
2. Write books and publish
If writing books has been one of your hobbies, its time to turn that hobby into making money. You can write your books and self publish them on platforms like Amazon or you can ask a reowned author or publisher to do everything for you but at fee for your proof reading, creating covers and all and they make sure your book is uploaded on programs such as Amazon Kindle Direct Publishing.
In conclusion, there are so many active and passive income ideas that one can come up with, you have to come up with a product or service that will be of value, know the typical audience you will target and employ the suitable marketing strategies. What other viable active and passive income ideas do you know or heard of that noone is talking about or daring to take a risk?
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