How do I generate a passive income online?

Different ways to make money online through referral, network marketing and effective strategies.

PASSIVE INCOME

Passive income is income you receive without having to actively work for it. For example, this can be income from investments, rental income or royalties. The idea behind passive income is that in this way you have a source of income that you do not have to maintain or enhance, and therefore you do not have to lose it if you become ill or have other obligations, for example. It can be a way to achieve financial independence.

ADDITIONAL INCOME THROUGH AFFILIATE OR NETWORK MARKETING

Extra income through affiliate marketing and network marketing means that you generate income by selling other companies' products or services as an affiliate or by building a network of sellers who sell those products or services. In doing so, you earn a commission on every sale you make yourself or your network. This can be a way to earn extra income alongside your job or to spend a full time selling other companies' products or services.

PASSIVE INCOME WITH WISE INVESTING

Passive income is income you earn without having to actively work to earn it. This can be done, for example, by investing money in stocks, cryptocurrencies, real estate or other investments. By investing and investing regularly, you can build up passive income over the long term. This could be in the form of dividends or rental income, for example. The goal of passive income is to become financially independent and have a steady income without having to actively work.