[Hardware] Passive income: Can easy side hustles earn big money?

[Teacher™]

ajan Devshi, 38, says that he first heard about passive income during the 2020 pandemic lockdowns. With almost everyone at home, and many people on furlough, Devshi noticed more and more people on his Facebook and TikTok pages posting about the creative ways that they were making money with minimal effort. "This ranged from cryptocurrency to drop-shipping to ecommerce," says Devshi, who is based in Leicestershire, UK. "I particularly liked the idea of starting something up and then letting it maintain itself with minimal input. This would mean I could still have time to do other things that are important to me and make money at the same time." Seeing all the options, he felt motivated to "find something productive to do in the evenings outside of my working hours". Doing something that could make even a small amount of passive income in return would be handy, he'd thought. So, once Devshi had finished work and put his children to bed, he started to research different niches that content creators were describing. Passive income – income that takes minimal labour to earn and maintain – was once mainly a preserve of the wealthy, who were able to own assets such as rental properties, or build investment portfolios that paid dividends like clockwork. Yet the concept has taken on a new life since the pandemic, with millennials and Gen Zers leading the pack by finding increasingly creative methods of forging passive income streams. Experts say that the current interest in passive income comes from the confluence of a challenging job landscape and the influence of social media. While passive revenue streams can work for some people, others may find the dream of a low-effort income might not be all it seems. The right conditions TikTok and Instagram are full of videos and posts about ways to make money "in your sleep". In one TikTok video, which has almost 10 million views and 800,000 likes as of this writing, a content creator tells their followers they can make thousands of pounds by designing a blank journal that Amazon will then print and sell, informing them that they will be able to "sit back and collect all your profits while Amazon does all the work". In another, an influencer tells viewers they can make "5 to 10k a month online as a complete beginner" by promoting other people's products on social media.

https://www.bbc.com/worklife/article/20231106-passive-income-can-easy-side-hustles-earn-big-money