Ways of generating passive income. People are working extra hard to make cash. However, have
they ever really thought of a way money could as well work for them with very
little or no effort? Consider a point where not only do you entirely depend on
that linear income at the end of the month, You have other means of making lots
of money even when you are sleeping and that is passive income. 
 
What is passive income? 
This system is used to make money after you have done some initial research and
come up with a new idea that will earn you extra income with very little
effort. Although there are a dozen ways of making money more often than not
they are always disguised and require some effort and extra innovativeness
during the initial stages so that later you can enjoy a great income. Let us
now focus on the best passive income ideas you can focus on and make that extra
revenue. 
 
Creating applications 
Those of you who may ask what an application is, it is software created to do a
certain special task for you. Everyone is obsessed with applications and if you
own a tablet or a smart phone, you will always spend a few dollars so that you
can buy one. Therefore, if you are a good programmer, you can develop one .You
will make lots of passive income, as you will only be required to make them
popular by listing them in the most popular application market like Amazon or
Google play 
 
Paid surveys 
Marketing companies are always after your opinion regarding a certain given
product or service and in return they offer you prizes or cash. This is a very
simple way of making extra income although you won’t make millions. Most of the
surveys take a minimum of five minutes to complete and that means you can
participate in as many as you can. 
 
Annuities

 How about creating a stream of passive income through an
insurance product? With annuities, you are only supposed to pay some cash to an
insurance company. In return they will set monthly income you will be receiving
.This is something to consider as this income will be there for the rest of
your life. 
 
Renting property 
This is one of the oldest passive income ideas known. You just make money by
renting a house. Not all people can afford to have their own house. The only
option is to find a rental house. Property owners collect the monthly rent from
the tenant .They can use the cash to purchase more rental property. They should
posses’ high management skills. 
 
There are other great passive income ideas. Just be passionate, have patience
and show dedication and you will start making cash eventually.

Ways of generating passive income.

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