Royalties passive income :
If you have to paint the following picture to earn the next income right, so it’s important whatever you do in terms of your creative process. If you create something, that one source will continue to create a passive income over the lifetime of their product and Again. The idea is to eventually replace your earned income by spending your time in your hours creating something of value that will bring in money forever and ever. Another example is people taking photographs; many people are taking amazing photographs. So many free courses are available online. From that, we can learn how to take good photographs and can sell the photographs online. So that people will use it over and over all these stock sites. You will get paid royalties if it’s a perfect photograph and gets used a lot.
There are even some crazy examples; locally-owned means people have got creative around us. So if you have seen a bunch of teenagers using their mobile phones to take nice little video shots of the town and businesses, they’re making a passive business income by selling their videos to local businesses as stock footage on their Instagram and Facebook feeds because the youngsters have realized that the older generation needs to be more tech-savvy.
The younger generation knows how to do such things and go around using their cell phones and shooting footage .then they’ve their own Facebook page and post their work on it. So if any business wants to use this stuff, they pay them a nominal fee and use that for their business. There is no need to be a professional photographer; if you’ve got a good eye on a cellphone today, you can make money.
Effort for passive income :
Suppose they are about passive income by time, slightly different from creativity. Because, you know, certain people got extreme creativity. Because only some have commercial creativity. So if you know just because of media family likes which you made strange mugs in the pottery clothes doesn’t mean that everybody else will like them. That is why we need separated creativity from time. That is ideal for people who don’t have money to invest and lack the creative talent to make it commercially viable, .so examples of this include trading your time and effort for equity.
It also involves affiliate marketing, selling something on Commission only on a very automated system online. So there are many other examples, but the idea is to be changed or time for equity. So rather than necessarily taking money upfront all the time, you can take some money and some equity. If you don’t have money to invest and if you don’t have any creativity. Still, you certainly have time, and you know, talking about one of these examples that catapulted in terms of success, about how we should decide to trade our time for equity on our journey to financial freedom. They struck you got to deal with him to make structured notes; they’ve got an on this side too you can do more. If you can help people much more, that’s you.ll, it’s a unique way of doing business this way. It’s also a crowdfunding way in there all days only the people with a lot of money, like a hundred million or five hundred billion dollars, could go into those deals. But they say with crowdfunding, you don’t have to; you can get a bunch of people to pull their money together.