Creating passive income can be a good way to supplement your main source of income. You will need to invest some time and effort to build up your income stream.

How can I double 50k?

One of the easiest and most inexpensive ways to earn best way to generate passive income is by setting up a blog. Many blogs utilize Google AdSense for their advertising. A well-run blog will attract traffic without requiring much effort on your part.

Another passive income idea is creating online courses. Creating an online course is not hard, but it does take some work. If you want to learn how to create an online course, you can find information on Udemy and other sites. You can also join a site such as Digital Downloads to build a storefront and sell digital products.

If you are looking to make more money, you need to spend some time to acquire new skills. You can learn to code, design, or build an app.

Investing in real estate can also be a great passive income opportunity. Real estate investment trusts (REITs) are businesses that own income-producing real estate and pay out high dividends. This type of investment can be profitable, but it can be risky. You can mitigate the risk by purchasing a mutual fund or small bond.

Another passive income idea is a vending machine route. If you buy machines, you can earn a passive income based on the amount of revenue they produce. You should also consider how much upfront money you will need to put up.