Investing can be a best way passive income | Go X. However, it requires a significant initial investment and you will need to do a lot of research before you can start making money.

How can I make 500 extra a month passively?

You can invest in stocks, mutual funds, cryptocurrencies, and even rental property. Depending on your budget, you may need to make a down payment on a house or apartment.

If you have a home improvement business, you can rent out your tools on peer-to-peer sites. You can also list your spare rooms on Airbnb or Short-Term Rental sites.

Selling blank books and other products is another passive income stream. You can sell digital guides and other content through a seller platform. You can also sell physical products, such as greeting cards, planners, sketchbooks, and more.

You can also earn money from your blog. You don’t have to know coding or design, but you will need to invest some time into producing content and SEO marketing strategies.

You can also earn passive income by licensing your music. You will need to team up with a music licensing company. You can also sign up for podcast advertising networks. You can even create an app.

If you don’t want to deal with a formal structure, you can invest in a high-yield savings account. This will boost your savings and provide you with an extra source of income.

Buying popular domain names for $10 to $100 is another way to earn passive income. You can also invest in stock photos. These are used by many companies to promote their products.