Two of the most rewarding high investment passive income streams are buy-to-let property and dividend-paying stocks. The earning potential is higher, but there’s also a greater risk. In contrast, high investment income streams will usually require more money at the start. However, your earning potential will be limited and it could take longer to start making money.īlogging and affiliate marketing are two of the most common types of low investment passive income streams. Low investment income streams will need less money to get going and are likely to be lower risk. There are two main types of passive income stream: low investment and high investment. If you want to earn smart passive income, here are some of the first things you could do:ĭiversify your income streams – if you have the time and/or money, it could be worthwhile to work on more than one passive income stream so you can still earn if one idea doesn’t work However, it’s likely to take a while to earn enough money to live off and the market is increasingly competitive.

Rental property income, royalties, affiliate marketing, and investments are some of the most popular passive income streams.Įarning passive income is appealing as it’s less labour intensive and the earning opportunity is unlimited. Most passive income streams require some work or investment up front, but if you’re successful you can keep earning an unlimited amount of money over time. On the other hand, ‘passive income’ is a way of earning money without having to work for it every day. When we earn money through a salaried job, this is known as ‘active income’. You can unsubscribe from these emails at any time. Your email address will be used by Simply Business to keep you posted with the latest news, offers and tips.

Passive income ideas 2021