You are totally satisfied with your 9 to 5 job and even receiving a steady paycheck and that’s cool.
But deep down inside you know you’ve always wanted more. More money. More freedom. More flexibility. And so you finally decided that it’s time to take action.
Starting an online business has always been in your mind and even thought of running it as a side business but, thinking and more thinking made you reluctant to take that decision of starting a new business.
A lot of questions may have arisen in your mind, like will I be able to give the required amount of time to my online business? Will I be able to juggle between my job and business? And most importantly will my side business be able to generate passive income for me?
All the answers to your questions will be answered ultimately with a little amount of dedication, persistence, and a distraction-free focus initially before you finally take the leap of faith to step into starting your own online side business.
Thankfully, with the tools and platforms available today, several ways can help you reach your goals faster. In fact, with the rise in the number of internet users in India and across the world over the past decade, you can build a successful business faster with the proper support. You no longer require a large office and a big team to manage your business.
The internet has given the power to the users to start small, reach critical masses faster and then scale business higher in no time.
To end up managing a successful side business, you need to zero down on an idea of what kind of business you can do to generate a passive income for yourself.
First of all, let’s understand
Passive income is money you earn that doesn’t require you to do a lot of ‘active’ work to continue making it. In another sense, your main focus would be completely on your upfront work and only require you to put up some additional effort into your secondary work along the way to earn an income.
You’ve probably heard that “make money while you sleep” that’s the biggest belief that entices many people to carry outside business and draw a passive income from that.
You can start your online store in an industry of your choice in just a few clicks today. Several platforms allow you to launch your online store without coding experience at an affordable rate.
Opening an online store is the most cost-effective way of taking your offline business on the internet and using a large audience that is available on the web.
For instance, you can use VistaShopee to build your online store today and get started in no time.
With eCommerce being one of the most popular ways to make passive income online, it only makes sense to give a shout-out to print on demand.
Customized print-on-demand products allows you to sell customized gifting options to your customers right from greeting cards and t-shirts to other promotional goods such as mugs, posters, pens, phone cases, etc. The best thing about this is that you can build your own branded products as well.
Today dozens of customers are on the lookout for a customized gift in the form of cakes, mugs, and t-shirts to give their loved ones on their special day. Even a lot of corporate companies prefer to get a branded customized product for themselves with their logo embossed on a diary, pen, bottles, etc.
If you are keen enough to take your hobby into a passive income generator then you should definitely give it a try. If you like making small handcrafted items like jewelry, wall art, or baking cupcakes or cookies, you can sell those items online with your own eCommerce website & app. This can be a perfect idea to get more orders online and you can set a new way to earn more.
For instance, if you sell online with VistaShopee you get many inbuilt time-saving features and tools to market and grow your online business enabling you to handle your job as well as business.
To kick start your online business initially you can sell your products through a FREE App. Yes, you read it right! At no cost, you can create your “Own App” fully personalized and branded that showcases your products.
And this is offered by VistaShopee App. Through VistaShopee you can create your app for free which can be shared and can get it installed on the mobile phones of the user.
Once your business gets settled and you start getting adequate revenue flow you can even switch it over to a complete eCommerce website where you can easily sell and market your business to a larger extent.
These were Passive Income can really help elevate your earnings and fill in the gaps that your 9 to 5 job can’t fill on its own. If you are looking to replace your job the above passive income ideas can help you do that.
And it’s totally okay if you like your full-time job. The work that goes into earning passive income tends to be manageable for you, then why not you can do both at the same time.
Since today eCommerce is on the rise. Starting your business online with a perfect eCommerce platform can really help you take your business to new heights. With many inbuilt tools and features that a platform can offer you can do your side online business in the most simplified manner giving you the space to focus on your job as well.