Passive income provides a strategy for building wealth and achieving financial freedom without a large initial investment. Five viable income streams include affiliate marketing, which leverages existing audiences to promote products and earn commissions; print-on-demand, which allows creatives to sell designed products without managing inventory; and digital products, such as ebooks and templates, that can be sold online without the need for physical stock. These methods emphasize sustainable, long-term income generation over quick financial gains.
Passive income is one of the best and smartest ways to build wealth, especially if you are trying to break free from trading time for money.
Affiliate marketing is one of the easiest passive income streams to start, especially if you already have an audience.
These are a low-risk way to turn your creativity into passive income. You can design T-shirts, mugs, journals, tote bags - whatever fits into your niche.
To create and sell digital products to make passive income is a great way to sell products around the clock without having to hold physical inventory.
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