How to Make Passive Income?

What is Passive Income?

Passive income is any income that requires minimal labor to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income. Example of passive income includes rental income and any business activities in which the earner does not materially participate. Some jurisdictions taxing authority, such as the internal revenue service in the United States of America, distinguished passive income from other forms of income, such as earning from regular or contractual employment, and may tax it differently.

How to make Passive Income?

One of the best ways you can make extra money is by finding a way to generate passive income. Passive income is a good, reliable source of financial support that doesn't require much effort on your end. And it's easier than ever to find passive income opportunities online these days, thanks to sites like CrowdShare and ClickShare that allow people to profit from their websites without having any technical knowledge or previous experience necessary.

So you're probably wondering: how do I get started making passive income? And what's the best way to do it?

If you answered 'build a website, then you're off to a good start. And building a website is relatively easy. The trick is finding a niche that's big enough to drive traffic, but not too broad that it becomes hard for people to find and support your products or services. If your website is big enough and well-established enough, you'll be able to attract customers without having to spend much time or money promoting your products or services. And that's what you want your passive income to be—a product of the work you do for your customers.

But there's another way to make money from a website: affiliate marketing. While there are many different affiliate programs, you can use Amazon Associates as an example for this article. It's the easiest affiliate program out there because the commissions are pretty high, but it does require some setup work (more on this in a moment). Starting an Amazon Associate site is a great place to start because Amazon has products that anyone can sell and people will buy. And at nearly 80% commission of any sales made on that site, you'll earn significant passive income.