hey everyone and welcome to top think today we're going to learn about the top 10 passive
income methods in 2021 now let's begin number one informational products your hobbies may have
nothing to do with your career whether you're a first-rate fisherman or a motorcycle enthusiast
you can make money talking about the things that you love most
all kinds of home-grown experts create informational products which educate millions
of people by producing ebooks video courses and instructional guides you can turn your hobby into
a steady stream of passive income oh the best part is you only have to put in the work once so
after you write your book or record your videos you can sit back and watch the money pour in
over time more people will discover your books and courses and your passive income will grow
in 2021 it's easier than ever to create and publish informational products and you can do it
from the comfort of your own home companies like amazon for example offer self-publishing services
these platforms will transform your simple manuscript into a professional and attractive
ebook if you're making an online course you can use sites like skillshare to market your product
to a huge audience of curious consumers within weeks you can have a steady fan base of people
who want to learn from you this method of passive income is accessible and hands-off and it revolves
around something you love it doesn't matter what your interests or passions are there's someone out
there who wants to hear what you have to say so don't wait to turn your favorite hobbies into cash
number two retail flipping retail platforms sell every product under the sun but many people don't
know how much their items are worth to make a passive income you can flip these bargain
products for a large profit retail flipping is an effort-based game in other words the more effort
you put in the more money you'll make if you're smart with your research you can find a consistent
source of discount items things like furniture electronics and vehicles can be incredibly
valuable discoveries as long as you find the right buyer retail flipping comes with its
fair share of risks the field can be temperamental one week you're finding all kinds of gold on ebay
and the next week you're not finding much at all your profits may change dramatically from month
to month and it may take time to find buyers who are willing to pay for your niche products
selling antiques for example can be extremely lucrative
but only if you find someone who wants what you're selling so if you want to start flipping retail
products here's a good piece of advice start small and build your way toward those big ticket items
over time you'll develop a close eye for deals and bargains and you'll start making a healthy profit
number three paid microtasks the internet is filled with small niches where you can make money
for example certain platforms will pay you small amounts of money to complete
short easy activities called microtasks a micro task can be anything from receiving
emails to watching short videos some websites will even pay you to play online games a few of
the most popular platforms include inbox dollars which offers a wide variety of micro activities
and missed play which specializes in simple online games so if you want to build a passive income in
2021 then sign up for one of these sites many will give you cash just for making an account
so get started on your micro tasks you'll be surprised how easy it is to make money online
number four p to p lending hey if you want to start investing peer-to-peer or p2p loans are
a great source of passive income a p2p loan is monetary lending from you to a borrower through
a third-party source there are a number of online marketplaces where you can invest in p2p loans
these loans do require a larger investment upfront but you'll gradually make more money thanks to
the interest payments on your investments now unlike the income methods we've discussed so
far this one can be especially risky there's no guarantee your loans are going to hold so
experienced investors use special tricks to guarantee the safety of their investments
for example don't invest all your money in one place if your single p2p loan falls through you're
going to end up with nothing instead spread your investments over several smaller loans but before
you invest anything do some research figure out which investments are stable and which ones aren't
if you're smart about it p2p investments can earn you substantial amounts of money
number five rental income do you own a piece of property that you don't live in if you do renting
might be the perfect strategy for you what does it mean to rent out a piece of property all right
let's say you own a house that you don't use every month you pay a mortgage and fees on your property
even though no one lives there right now you're losing money but you can turn that net loss into
a cash game here's how you do it you rent your property to someone else they'll live on your
property and pay you a sum of money each month you can use that money to pay your mortgage and those
pesky fees whatever's left over goes straight into your pocket but here's the tricky part it
can be expensive to maintain a rental property if your property needs a lot of work you might find
yourself spending more money than you're making so you have to find a balance between profits
and expenses let's say the mortgage and fees cost a total of twenty five hundred dollars each month
if you want to make money on this deal the rental price must exceed the cost of owning and managing
the house so if your rent is too low you'll find yourself losing money many property owners have
used this strategy for decades they may never work a day in their lives that's how lucrative this
method can be in rare cases your rental properties could earn you more money than your full-time job
but you have to be careful before you buy anything research the housing market to find a property
with real potential pay attention to trends in real estate and make sure you buy your property at
the right time when you've found the right place make your property appealing to potential renters
small improvements can make your house exponentially more desirable if you do your
research and spruce up your property you can make a lot of money in real estate number six
cash back companies did you know that you can make money off your online purchases
many online services offer cash back opportunities these services pay you for making purchases that
you would have made anyway cash back companies partner with popular brands to give you
huge discounts on their platform you can get up to fifty percent off on luxury and everyday products
you're buying the same things from the same places but you're saving money each and every time
number seven media assets if you're a creative person turn your creativity into media assets
media assets can be anything from a photograph to a podcast every time anyone uses your creation you
get a little bit of money pick what kind of asset you'd like to make then use your
creative skills to assemble your assets if you love to travel edit and sell your photographs
if you know how to draw or animate then publish your artwork online you don't have to be a
trained professional to make money selling media assets so put your creativity to work
number eight public browsing did you know people will pay you to browse the internet
what there are many companies who want to know what you're doing online they collect information
from your search history and then use that data to inform the companies you use on a daily basis
now some people want to protect their privacy and secure their online information if so this may not
be the right method for you but if security isn't an issue then give this method a try companies
want to see what you're searching for give them a glimpse and make money while you're at it
number nine riots if you want to get into real estate but don't want to manage your own property
you can invest in something called a real estate investment trust or reit these real estate
companies manage their own pieces of property but they avoid paying heavy taxes by giving most of
their money to their shareholders that means you you invest in these companies by purchasing stocks
and you make money according to the dividend of the reit if you pick the right companies that
dividend and your profits can increase by a large margin every year now like any form of investment
there is risk involved the right companies will grow your investments the wrong companies will
lose them but if you do your research you can make smart and profitable investments
number 10 profitable opinions online surveys aren't the most lucrative form of passive income
but the risk is incredibly low you don't need large amounts of money or clever investment
strategies all you need is a little bit of time there are countless different websites
like swagbucks and pinecone research that offer paid survey opportunities
major companies around the world use these surveys to collect data from their consumers by doing
these surveys you give these companies an idea of what works and what doesn't in other words they're
paying for your opinion you can get started on these platforms anytime you want and it won't cost
you a dime so make an account fill out a survey and start your side hustle today hey thank you
for watching top think and be sure to subscribe because more incredible content is on the way