Passive income simply means receiving a regular stream of income from a source other than a contractor or employer. Nowadays, people are generating passive income in multiple ways, from e-commerce, affiliate marketing, investing in stocks or crypto to buying local businesses, renting household items, or even becoming an influencer.
Most people are always looking for ways to earn passive income to make extra cash flow for their budgets. With the global economy suffering a recession and job spots being slashed, passive income can help you meet ends every month if done right, even if you become unemployed.
Here are the top passive income opportunities for 2023.
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Buy & Sell Web3 TLDs and Domains
One of the best ways to start generating extra cash flow is by buying and selling Web3 domains. This new form of domain names is currently becoming more and more popular – in fact, more than 2.5 million web3 domains have been registered in 2022.
One of the main features of Web3 domains (also called NFT, crypto, and blockchain domains) is their decentralization thanks to blockchain technology.
Domain Sellers provide users with complete control and ownership of their Web3 TLDs once acquired. By creating your new TLD and activating Royalties, when other users register a domain on it you will receive 50% of the transaction, making it an alternative to generating passive income. You can also sell them in secondary marketplaces.
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Affiliate Marketing
Affiliate marketing is when you refer a product or service from a company to people by sharing it through social media, podcasts, websites, etc. This selling technique has been around for several years, and social media has made it even more lucrative and accessible to everyone, benefiting both the affiliate and the company or person promoting the product.
If you have seen influencers reviewing products, recommending places, and talking about certain apps and how good they are, most likely, they are doing affiliate marketing.
The affiliate might earn a commission for each product sold, or they’re paid upfront to promote it on social media. This is something you can also do with the Web3 TLDs and Domains platform. Every time you bring new customers on the platform, you can get a pre-determined amount for each purchase made by them using your referral link.
You can also earn cryptocurrencies with affiliate schemes. There are thousands of referral programs online offered by crypto companies, including exchanges like Binance and Coinbase. These programs are free to use and will pay you for referring the website or app to people.
You only need to sign up and get a referral link or code and invite new users by sending them the code. Not only could you earn cryptocurrency as a reward, but you also …….
