What are the fastest growing passive income businesses?
Passive income businesses have gained significant popularity in recent times, allowing entrepreneurs to earn a steady stream of income with relatively low effort. One of the fastest-growing passive income businesses is eCommerce, with businesses leveraging online marketplaces such as Amazon, Etsy, and eBay to sell products. Another growing area is investment-based businesses that involve online trading and investing in stocks and bonds. Real estate investment trusts (REITs) have also emerged as popular passive income businesses, where investors can earn rental income without needing to directly manage properties. Other trending passive income businesses include affiliate marketing, online courses, and royalties from creative works such as music, books, and art.
This mind map was published on 20 June 2023 and has been viewed 82 times.
