The great poet Byron once famously asserted that ‘One who will not reason is a bigot, and one who does not reason is a slave’. The latter meaning is clear: ignorance makes us an open target for the exploitation of others. In today’s world of corporates and sprawling businesses, the world we inhabit an economy of information, hence the famous slogan goes that ‘information is power’. Whosoever masters information and effectively uses it is rewarded with great financial gain, as with real estate agents who do not do the physical beseechingly painful hard work, yet they are amply rewarded for the mere fact of possessing information which connects one high-spending consumer with a high-value service provider.
How can education help you in your business in future?
However, there is the flip side of this picture as well: poor workers who do not possess adequate
information regarding labor laws, higher opportunities of income at different sites, or standardized
safety procedures. This illiteracy and ignorance leave them vulnerable to the exploitation of greedy
contractors and middlemen.
The same situation is prevalent with our farmers, who are cheated out by middlemen with paltry prices because of their ignorance of the value of their produce in cities as well as their inability to grasp how to run a business on a large scale. The major reason for the continuance of this oppression is the lack of education. With adequate knowledge, the workers and farmers of India
can emancipate themselves and better their conditions like their counterparts in first-world nations
such as New Zealand without recourse to any governmental help.
Pen is mightier than the sword.
Education shines the flame of progress in the stygian backwaters of prejudice and immorality. It aids
women and other minorities to become aware of their dilapidated conditions, to formulate social
justice initiatives of their own, and to secure working positions adequate to their privileged
counterparts. Inspirations like Savitribai Phule, Malala Yousafzai, and Alice Von Hildebrand are a
testament to the ways how education lets a person transcend the unjust limits set on them by their
societal conditions.
Education
Education gives you the knowledge to know the Ethics behind the work you do?
But education of course is not just utilitarian recourse to make money and better one’s social status: it
is precisely this flawed conception of the use of education which leads to people devaluing education,
calling it worthless, and contemptuously saying things like ‘A single piece of paper cannot determine
my future’.
When education is seen as merely a means to get a certification which leads to securing a
job, a market which has only limited jobs to offer seems like a refutation of all the lofty things said in the
name of education.
Yet classical education, as practised in theGreekpolis,neverwas a means to merely secure a financial
position. Education was thought of as transforming a savage into a personam (person) – a person
without education was considered susceptible to the sways of any passions or propaganda, and not fit
to be a part of democracy.
To have a stake in governing society, a person was required to undertake an
education whose primary aim was for a person to master logic,maths, sciences, etc.so that they could
understand any situation impartially, for asPascal reminds us ‘The first moral duty is to think clearly’.
After having mastered these skills, one was given in to understanding morals ,philosophy, aesthetics,
logic,rhetoric, etc.so that a man may become virtuous, i.e. he is trained to desire the right things at the
right times in the right ways in the right proportion. Only such a person, who had undertaken such an
education ,was called ‘educated’.
If we take this idea of education, we will be quick to realise that it is precisely a lack of true education
that leads to the ills of society,ourpolitical inadequacy,bureaucratic corruption,fighting over religions,
oppression of women and minorities, casteism and all other evils of human society.
If our system returns to the true idea of education,we will not only have financially stable individuals,but also those
who will have an enlarged moral conscience which will make the world a better place for all of us.This is
the true and eternal value of education for us.
Hence,to be educated is to be empowered,physically,morally and spiritually,to be invincible in the face
of calamities,to be courageous enough to look every problem in the eye and iterate,
‘ Come,try me!’ .
And to disregard education is like passing the world with our eyes closed, it is denying our existence of
the very prospect of actually existing, it is turning ourselves blind to the beautiful and poignant
multitudes of the world ,to live it in pieces ,without ever being at peace.
Disclaimer: This content is just to educate it is not meant for anyone in particular. Everyone earns their money through honesty and hard work.
Are you exhausted from the mad rat race and want to escape?
Are you interested in starting a side hustle and saying goodbye to your office cubicle?
If you are nodding your head, then passive income is your answer.
Gone are the days when active income was the only source of earning to pay a long list of bills and rent, build savings and make retirement plans. The 21st century marks the upsurge of myriad passive income options which is a panacea in the true sense.
What do you understand by passive income?
Passive income is the money earned with minimal effort without participating in the 9 to 5 mad rat race. It is a way of owning up to the three Fs- flexibility, freedom, and financial independence on your terms. You don’t need a desk; you can earn it regardless of whether you are chilling on a beach or enjoying the serene beauty of the mountain.
Is Passive Income easy-peasy?
Well, PASSIVE INCOME is not that hard even. Generating Passive income is a tough row to hoe. People often misunderstand Passive income as very hardworking money or the money you make while you sleep. It can be grueling at times as you have to do legwork all by yourself whether you are writing content or creating blogs or selling DIY courses. It isn’t a desk job but it isn’t as passive as people consider it to be.
Few passive income options require more time and energy investment to create a steady flow of money (like blogging) while other passive income options generate money at a faster pace (like rental and investments). But eventually, if you play your cards right, then passive income can be the money that you can make while you sleep. It can be your steady, stable, and secure tool for wealth building.
Let’s move forward with myriad passive income options.
Here are the top 15 passive income ideas
Work From Home Jobs
Content Writing
If you have a flare for writing, then content writing can be a good source of passive income. With soaring inflation, the need of having a side hustle has increased. Many teenagers, students, homemakers, and even full-time employees are in this wide arena of content writing.
Being an upfront work, it requires patience in the beginning as it is not a quick money scheme. You have to be laborious, develop skills, and find clients regularly to earn a steady flow of income. Here are a few ways to monetize your writing
You can be a full-time author and write books of your interest and sell it online and offline. mode. You can be a freelance content writer and take up work from your clients. Further, you can also indulge in copywriting, ghost-writing, and proofreading works.
You can start a podcast to create your brand and aspire other writers.
You can create your newsletter and gain more subscribers as well as money.
It may sound difficult and it is a good source of passive income. But it is quite easy with new bloggers coming up every day. A blog is a website where you can update your content usually on a specific topic at a regular pace. Blogging requires strenuous efforts to publish consistently to gain a larger audience that can consume your content. It is a great source of earnings for students, homemakers, senior citizens, and people who have a flair for writing and desire to have a side hustle. Whether you put in any additional effort or not, as you post more and more to your blog, your site will begin to attract attention.
It is not an easy and quick money-making process. It takes time to earn a steady flow of income. You can consider some of the popular blog sites to kickstart your blogs like Wix, WordPress, LinkedIn, Weebly, Medium, and many more. Monetizing your blog is quite challenging. Many believe that you can monetize your blog just by using Google AdSense. But you can also monetize your blog by working on a niche sincerely to gain huge popularity. Once you achieve it, you can venture into selling physical products as in the case of the makeup brand Glossier whose genesis is from Emily Weiss’s fashion blog, Into the Gloss. Similarly, you can also provide consulting and coaching services to monetize your blog.
Affiliate Marketing
Affiliate marketing is one of the best options to earn passive income in this hyper-digitalized world. It simply involves referring to a product or service of other people through blogs, websites, and social media. And you can earn a commission when someone purchases the product through your affiliate link.
You can begin by finding a suitable affiliate network or program of your interest and take a good look at the program, products, commissions, and payment methods.
If you find it appealing, then sign up and wait for the confirmation of your acceptance.
Once it’s confirmed, you can create content and add custom links as provided by the program on whichever platform you are permitted to share it.
When one of your users makes a purchase, then those links are tracked and you can earn a small commission.
Once you reach the minimum payment level, the company or affiliate network will send you the payment.
Being an affiliate, you will have a win-win scenario as you just have to handle the marketing side of the product which has minimal risks with no extra help. You can google some popular affiliate platforms in India like ShareASale, Admitad, commission and ClickBank.
Insta Influencer
2.3 million dollars is the whooping amount earned by Cristiano Ronaldo on every Instagram post. You may not be a famous football player with 484 million followers but you can still earn six figures with an excellent engagement rate and a perfect favicon score. Nowadays, teenagers and school students find it an efficient mode of side income to pay off their bills.
Becoming an influencer on Instagram is the most common option for passive income these days. And if you intend on earning serious income on Instagram, then you need to have a serious strategy for it. What you have to do is create an Instagram account and start engaging consistently to increase the number of followers and posts. Your posts can relate to any topic of your choice like sports, comics, modeling, lifestyle, music, home décor and the list goes on. If you observe deeply the accounts of famous Instagram influencers like Addison Rae (@addisonraee), Khaby Lame (@khaby00), James Charles (@jamescharles) you can analyze that they have maintained their unique and interesting genre to target a specific section of the audience to gain money and fame.
Translator
Did you find it fascinating saying Thank you as Merci or Goodbye as Sayonara? If yes, then this quirk can make you earn about four lakh per year if you have mastered the skill. The translation industry is booming with Delhi being the hot spot. It is a wonderful option of passive income for students and homemakers.
Now, what do you need to become a translator?
You have to have command the source i.e., the language you will translate from and the target i.e., the language you will translate to.
You must narrow down your niche to gain expertise and this will attract more clients
You must be a prodigy in Computer-Aided translation tools.
You must get certified so that clients can trust you.
You can also look out for translation jobs at Gengo, OneSky, TranslatorsCafe and many more. Myriad translation agencies like Anan Enterprises, and Ideal Lingua Translations have openings for translators. Moreover, several translation websites like Unbabel, Translator’s town and One-hour translation limited can pay you on hourly basis for translation work.
Video Editing
Video editing is one of the popular trends of passive income. Because of the rising number of creators on Instagram and Tik Tok, the demand for video editing has skyrocketed. Every video made by the creators needs to be edited to create an impact on the followers. Housewives, students, teenagers, and even full-time employees (on weekends) can take up this source of passive income. For example, Jordy Vander put is a famous tubber who runs a video editing youtube channel- Cinecom, and earns a large chunk. For those who are interested in learning video editing, let me tell you it isn’t a herculean task. All you need is time and sheer dedication to master the skills of video editing.
If you are a beginner, then it is better to start with a website called Fiverr. Here you can build up your portfolio and start looking for a client who will pay you little for editing work. As you are starting, charge less, and eventually, you can escalate your rates.
Starting your channel on YouTube
Starting a Teaching series on varied dance forms starting from classical to hip hop to salsa or an English tutorial class or an educational blog for multiple competitive exams can turn out to be a potential source of passive income.
If your content gains more traffic and engages a large section of viewers, then you can enjoy a steady stream of passive income. But initially, you may not earn much as it is upfront work. You need to invest your time, create new ideas, discover new techniques to allure viewers, analyze the accounts of your competitors, and labor hard without immediate pay. But it is for sure that once you take off, then you can keep on earning in dollars.
For instance, Rachel’s English Channel on youtube took more than four years to have more than 4.6 million subscribers. Similarly, you must have heard about the inspiring story of Physics Wallah and its founder Alakh Pandey. After struggling from 2014-2016, finally his channel received a breakthrough in 2017 and his subscribers went from just 4k to 2 million. Eventually, he created his app, and then the start-up Physics Wallah became a ‘Unicorn’.
Selling stock photos
Do you know that you can monetize your passion for photography? If you are passionate about photography and want to earn cash from it, then it is the current trend of passive income. Many women photographers like Aishwarya Sridhar, Dayanita Singh, and Avani Rai have created a fortune through photography alone.
If you know the right route and the right place to sell your photos, you can earn dollars. Everyone starting from publishers, bloggers, businessman, designers, content creators, and marketers buy and sell photos online. If you desire to make a greater sale, then you must do three things.
Narrow down your niche- Stick to your consistent style like travel, fashion, nature, lifestyle, etc.
Create an audience who would love your clicks- Study the interests of your audience and what changes they would like in your niche. If you play your cards right, you can be a famous photographer.
Sell your clicks on the right podium to generate a steady flow of income- There are a plethora of stock photography websites like Adobe Stock, Canva, Crestock, Freepik, etc who sell out your photos and you earn about 33% commission.
Invest in the stock market
We generally believe that the stock market and trading is a male-dominated field. But the pandemic has created a new space for women and especially the homemakers. The participation of women in the stock market has shown a spike during the pandemic. If you have some savings with no debts and an idea of market sentiments, then you can earn a fortune by investing wisely in stock market t. With low-interest rates on fixed deposits, women have shifted their focus to trading and investing. Interestingly, most of the women are beginners in the game of investment with little knowledge.
There are many top women investors in India like Ankita Vasishta, Padmaja Ruparel, Nita Mirchandani, Sakshi Chopra, etc. There is a plethora of videos where you can learn to earn in the stock market. If you are a pro, then you can earn by trading and also by creating your website and channel on YouTube.
The beauty industry is one of the biggest sources of passive income for many housewives and college students. Running a salon near a house is quite convenient for many women as it provides them financial freedom without compromising their household duties. Further, the beauty industry took a major upturn with the pandemic when beauty tutorials were uploaded in huge numbers.
If you are a beauty professional, then you can create your website or blog and keep posting interesting and engaging content to add more traffic and readers to the blog. You can also start a YouTube channel and feature creative methods of styling or teach beauty lessons. You can also venture into TikTok and Instagram to create short reels and allure more subscribers. Moreover, you can open up your eCommerce store and sell your beauty products.
For instance, Ashmeen Munjaal has come a long way from being a homemaker to a celebrity makeup artist. She transformed from a beautician at a small parlor at home to the queen of a makeover.
Baby Sitting
With about 59.5% of the full-time working population in India, it has become arduous for working mothers to take care of their babies. In such a scenario, babysitting becomes a good source of passive income for many older and middle-aged women. It is a good earning source for someone who loves to stay around kids and mingle with them well. Working parents look out for trustworthy women and pay them well. You can also create your babysitting and appoint women who can babysit and pay them on an hourly basis.
Dropshipping
Drop Shopping has turned out to be the most trusted business model to generate passive income with little investment. And interestingly it’s quite easy.
In drop shipping, the goods are not sold directly by the vendor. Instead, they choose and advertise these particular products online by getting in touch with a manufacturer or a distributor which then determines the precise need for a product or products. The manufacturer also takes care of shipment, thereby leaving you with no physical work.
Many online platforms like BigCommerce and Shopify can help you start your Dropshipping business. For instance, the success story of Anthony Agyeman is quite inspiring.
Web Designing
The demand for good web designers is rising higher than ever. And if you are someone with good design skills you can easily earn a steady flow of passive income. With multiple available options like Creating and selling chatbots, creating and selling apps, creating bots for eCommerce companies, providing web hosting services, selling web themes, API development, looking out for hacks and loopholes, etc.
With over 4.6 billion internet users, building up an online business can provide huge sales and popularity. With a glorified history and culture of varied kinds of handmade goods from every corner of India, the marginalised women can earn a huge chunk of passive income by selling their crafts online. For instance, some Indian handmade companies like Craft maestros, Gatha handicrafts private limited, Sasha, and The India craft house have made a fortune in this field along with uplifting some tribal and poor women by providing them a good source of passive income opportunity.
You can sell your handmade goods as well as DIY products on many popular selling sites like authentic, amazon, crafts village, etsy, eBay, Shopify, Flipkart, etc.
In this digitalized world, the gaming industry has proved to be a cash cow. Gen Z is attracted to and addicted to gaming has made it one of the most common options for earning passive income. You can earn a healthy sum through gaming in multiple ways like
You can start blogging about the gaming industry and clear the doubts of many newbie gamers.
If you are a pro and desire to showcase your gaming skills, you can Livestream your gaming performance and earn.
And the list goes on. The more you explore, the more you discover the options. Passive income is a stable source to build wealth that lasts. And it can turn out to be your great assistant in paying all those hefty bills. So, I hope this article has tempted you enough to get out of your boring office cubicle and buckle up to start your very own journey of earning passive income.
