Everyone needs a passive income in their lives, it's practically impossible to survive with just an active month-to-month salary.
So today I want to show the best and proven passive income ideas that'll make you money in South Africa. And this extra or secondary income will boost your living cash flow and eventually save/earn more money.
At this stage, I'm going to assume you already know what passive income is, so will not be getting into more details about it.
Let's dive right into the income ideas.
This is one of the most popular passive income ideas in the world.
Often referred to as real estate income, you'll purchase apartments or houses and rent them out.
Unfortunately, this method requires enough capital to get started with your first property. And that's what passive income is all about, putting some upfront work or money, for future consistent income.
Video content has become the best way to making additional income in South Africa. Many influencers make a living on YouTube.
Depending on the videos you'll be creating and your audience, you can make about R12,000.00 per month from YouTube South Africa.
According to reports, YouTube pays about R75.00 per 1000 views on your video. Work hard on your channel and start earning extra income to boost your current salary.
If you have a sedan vehicle in good condition, you have an opportunity of earning up to R8,000.00 per week with e-hailing apps in South Africa.
These apps find you people to transport around the city and get paid for it. Become your own boss and offer clients the best experience.
It's a rating system as well, if you don't treat your clients correctly, they'll rate you negatively and these apps will stop offering you riding opportunities.
Become a Blogger
Internet advertising is one of the biggest industries in the world.
If you have a blog that generates a lot of traffic, you can start advertising spaces on your website.
Alternatively, you must join Google Adsense and start earning money through their programme. Adsense is the most popular advertising platform in the country that pays much better than affiliate companies.