In most cases, generating a passive income requires diligent effort and marketing to get the business or product prepared for sales. However, it's the high return on investment that makes the opportunity so attractive to many entrepreneurs, and a few careful decisions and planning can lead to a lifetime of wealth and income with less and less effort.
If you are an expert about something and you love to train or teach others, tutoring can be a great method of making passive income. You can teach others online and charge some fees for tutoring. You can hire a developer to create a website for you and start training others online. You should design a complete plan to get the things right on track.
So, my definition of passive income model is, I do not need to attend to it and yet, it auto generate income for me! Thus, how to achieve it?
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