10 Proven Ways to Make Passive Income in 2023

10 Proven Ways to Make Passive Income in 2023.

1. Invest in dividend-paying stocks: Purchase stocks that pay dividends and earn money from the dividends they pay out.

2. Invest in rental properties: Purchase properties and rent them out for passive income.

3. Invest in a REIT (Real Estate Investment Trust): Invest in a trust that owns and manages income-producing real estate.

4. Create an online course: Create an online course and sell it on platforms like Udemy or Coursera.

5. Create an E-book: Write an E-book and sell it on Amazon or other e-book platforms.

6. Invest in Peer-to-Peer Lending: Lend money through platforms like Lending Club or Prosper and earn interest on the loans.

7. Invest in a Business: Invest in a business or a franchise, and receive a share of the profits without having to actively manage it.

8. Create a YouTube Channel: Create a YouTube channel and monetize it through advertising, sponsorships, or affiliate marketing.

9. Invest in a High-Yield Savings Account: Put money into a high-yield savings account, which typically earns a higher interest rate than a traditional savings account.

10. Create an App or a Software: Create an app or a software and sell it or earn through ads and in-app purchases.