Passive income is one of the best types of money making activities that one can pursue. There are numerous ways to get recurring revenue for decent money incoming on a regular basis. 2019 promises to be the year of new possibilities, mostly due to the opportunities given by the Internet.
Passive income is impossible without the Internet, because all other types of activities actually need your constant participation, while online, you can set the processes that will bring you money without your observation on an everyday basis.
There are many ways to earn money on the web by setting a recurring revenue. One of the most popular ways is earning through advertisement. If you own a website, mostly a blog, or you have a Youtube channel, with the proper amount of visitors and audience, you can earn decent sums of money each month.
In case you have a website, what you need is regular traffic, preferably an organic one, to your platform. After that, you have to apply for participation in advertisement programs, and your paycheck will depend on the amount of traffic incoming. What you need to do is only to make sure more and more people visit the platform each month.
For YouTube channel owners, when you have a decent audience, the platform will place ads before your videos, and you will be getting money on your card, also each month.
The drawback of earning money via ads is that the revenue depends much on the traffic, and the traffic depends on Google algorithms or algorithms of the platform you use for promotion. if the platform changes rules, traffic decreases, and your revenue as well.
Therefore, one of the best recurring revenue models is a more predictable one. A more predictable passive income can be achieved with financial market bots. While the financial market itself is not the most predictable thing in the world, the bots trading there are automated and can analyze the situation mostly better than humans. So, the recurring revenue achieved via the trade bots tends to generally be more stable.
The most complicated thing is to set the bot correctly and make it do the job as you want to. As soon as you do that, the bot will function flawlessly, and you will enjoy profitable passive income on a regular basis, without the need to monitor the market every hour on your own.