How to Earn Over $500 a Month in Passive Income

1. Sell Stock Photos Online

- Turn your photography hobby into a lucrative income stream.

- Platforms: Shutterstock, iStock, Adobe Stock.

- Potential earnings: Grow your portfolio to earn thousands monthly.

2. Use Print-On-Demand Services

- Sell your designs on various products without handling inventory.

- Print-on-demand services handle production and shipping.

3. Set Up a Dropshipping Store

- E-commerce strategy where you don’t manage inventory or shipping.

- Profit margin: 15% to 20%.

- Example: Achieving $5,000 in monthly sales could net $750 to $1,000.

4. Rent Out Assets

- Extra room: Rent on Airbnb for $50 to $150 per night.

- Car: Use Turo or Getaround, earning $30 to $45 per day.

- Potential annual earnings: $6,000 to $13,000.

5. Create Digital Products

- Ebooks, online courses, templates.

- Example: Sell a $50 course to 300 people to earn $15,000.

- Platforms: Udemy, Teachable.

6. Leverage Affiliate Marketing

- Promote products through your blog, YouTube channel, or social media.

- Earn commissions on sales made through your affiliate links.

- Example: 1% of 10,000 followers buy a $100 product at 10% commission = $1,000/month.