Sometimes, saving just isn’t enough when bills begin to pile up. Even with the best strategies to put into place, stashing a decent amount of money aside could go sideways if an unexpected expense surfaces. This is where we start to see the allure of passive income and how incorporating it can let you breathe easier. There are many misinformative sources online that steer consumers away from the true representation of passive income; what that, here are the pros and cons of passive earning and how you can start today. What Is Passive Income? As the name suggests, passive income is when one generates regular earnings without being directly involved, Enterprises that support this scheme include partnerships, rental properties, and more. The term “being directly involved'' is sometimes misinterpreted as “doing nothing”. It may confuse people with the ideas of get-rich-scheme. In other words, this concept may push people into unrealistic thoughts that might be a way of income that exists without the need for any effort. This couldn’t be further from the truth. While not the primary source of income, passive income requires upfront work. This could mean house maintenance when renting property or research and preparation for e-commerce sales on platforms such as eBay or Amazon. Investments are probably one of the biggest examples of this style of earning, but it does entail risks that are out of your control. Keenly observing the market trends and making assessments to double down or withdraw are efforts that still require some level of participation. Read Zero Investment Business Ideas to Try Amidst the Pandemic Pros of Passive Income Utilizes Valuable Time When working in a full-time environment that doesn’t quite give enough time for much else, earning a little extra on the side is immensely difficult. This is where passive income becomes a miracle in its own right and allows for slow, but steady earnings (after the upfront labour has been done, of course) while not having to be physically or digitally present constantly. Time is a precious commodity and working two jobs can be too taxing for those with additional responsibilities outside of work. Reduces Stress and Worry If your current profession isn’t quite paying you enough to meet the bare minimum requirements of your expenses, passive income will help generate extra revenue to keep you afloat. Since passive income is constant, it is a good way to divert your worries over to the advantageous prospect of having multiple sources of income. If working two jobs is unrealistic, having this method of earning on top of a full-time career is the best possible way to squeeze in as many earnings as possible within a set amount of time. Read How To Be A Popular Instagram Influencer Allows You To Pursue Your Passion This point is a mix between the previous two. As a result of having more time and a headspace free from worry, you have wider slots open in your everyday life outside of work to cultivate the passions you never were able to get around to doing due to either monetary or time constraints. Pursuing passions may not necessarily be cheap, and having passive income lets you have the flexibility to commit to costlier hobbies without compromising your ability to save. Flexibility Of Location These days, passive income is primarily done digitally, which means that you are not rooted in an area to oversee this aspect of your earnings. Disregarding the logistics of full-time jobs, the ability to earn passively can easily be done on the go as it requires far less maintenance. Regardless of whether it is business trips or on vacation, having constant income flowing in once again shows the reliability of passive income. Read Tips and Tricks to Increase YouTube Subscribers organically Cons of Passive Earning It Needs Patience Passive income is best used as a “side hustle” rather than your main source of income. When talking about upfront labour that is required to get a revenue stream started, many underestimate how daunting of a task it can be at first. The part that arguably takes the most time is finding an avenue of passive income that is reliable and consistent. Ecommerce for example can be reliable, but only after your product has properly been marketed and develops a stable following. Additionally, being kept up with market trends in the respective industry you choose is unpredictable, and seeing beneficial returns with investments will have many unforeseen variables that can occur anytime. Read How to Earn Money from Facebook You’re Mostly On Your Own Unlike a full-time gig, the atmosphere of bosses, colleagues, and a nurturing environment are non-existent when pursuing passive income. Doing this means that you will be calling all the shots in the direction of your strategy to earn revenue on the side. Whether it is through investments, social media content, or rentals, the initiative will have to come from your own proactivity during your free time. If the motivation isn’t strong, maintaining this alternate method of income may be tricky. Cost If there was no cost and risk assessment associated with passive income, then it would be a default choice for anyone to partake, regardless of career status. Bonds, eCommerce, social media, cryptocurrency, and more involve initial spending in order to get the ball rolling. This element of risk-taking may not be to everyone’s liking, but these risks can be reduced depending on which industry you have your sights on at that point in time. The cost does not necessarily have to be large to see some results coming in, but it all adds up eventually. Read How to Earn from Blogging Verdict Passive income requires a lot of commitment, despite not demanding too much time and cost involved. It isn’t a “get rich quick” scheme by any means and any fruit of your labour will be a result of patience and the ability to acclimatise to the market. There is no harm in taking a little risk to kickstart these side projects, but it would be highly recommended to only do so when your full-time career is stable enough. Without a financial safety net, embarking on a passive source of income presents more risks than necessary. Read Work from Home, Earn and Be Your Own Boss

Youtube has been around for more than a decade, but there hasn’t been a time quite like now to get started on creating your own channel. In the infancy stages of Youtube, video content was merely an option for the public to upload engaging content from their everyday lives. Now, video content is a staple on the internet; with the likes of Tiktok, Instagram, Facebook, and even Twitter offering this feature. With a good understanding of your audience and savviness in video presentation - here is how you can easily increase Youtube Subscribers organically. How to increase subscribers on your YouTube channel? Knowing What Your Channel Is For This is the first step every content creator should take when getting started. Before understanding the type of people you want to subscribe to your channel, identifying the brand of your channel is incredibly important. Read Zero Investment Business Ideas to Try Amidst the Pandemic General content could get lost in the sea of videos uploaded on the platform daily, so finding a niche is a good way to enhance your chances of gaining exposure. Whether it is in a type of cooking, art, or music, finding a specific angle that isn’t normally covered will encourage viewers to share your videos of those within the community - overall improving your organic reach. Knowing Your Audience After deciding on a theme, the next step is to understand the type of people who would most likely subscribe to your channel. Thankfully, the internet is filled to the brim with information. Places like Youtube comment sections, forums and analytics done by other content creators in the same field as you will give you a better understanding of the do’s and don’t. It could range from the angle of your topic in a particular video to the presentation of your videos. Read Quarantine Income Opportunities: How to Earn Money during Lockdown Period? For example, if you aim to review music of a certain genre, the artist and song being reviewed should be known to the general audience within the demographic. If the band is not properly known, it will be difficult for the audience to proactively click on the video or share it with his or her friends because the topic of review has no impact on them. This applies to other topics as well like types of food being cooked, types of business models that are most likely to succeed or fail, or even types of books to purchase. The good news is that it takes a quick google search to give you a  strong indication of the latest trends and topics viewers have their eyes set on at the point of time. Read How to Earn Money from YouTube Channel Set A Standard For Video Quality One of the biggest deterrent of consumers on video platforms is poor video quality. The one product content creators produce on Youtube should be worth the watch - and muffled sound or low resolution displays are massive deal-breakers. When Youtube first started, anyone could upload their content ad hoc and had a way to share their experiences with the online community: but in this current day and age, content creators are backed by companies, advertisers and sponsors who place emphasis on video quality to get revenue. This may seem intimidating at first, but if creating a channel is more of a passion project than anything else, monetisation should be the least of your concerns for now. Read How to Earn Money from Instagram Depending on how your topics are covered, aspects like background music, voice-overs and cut outs require a cohesive flow that doesn’t take the audiences out of the content that is being presented. This goes to the other end of the spectrum as well; if your videos have too many effects and editing, there is always a risk of clutter that will make it difficult for viewers to focus on one thing in that particular video. Ultimately, video creators have a style of their own, and when it’s your turn to churn them out - creating uniqueness will do well for your channel just as long as the quality isn’t objectively poor or riddled with gimmicks. Read Work from Home, Earn and Be Your Own Boss Thumbnails And Titles These two go hand in hand with video quality as it is an extension to your channel and brand. Eye-catching thumbnails that are informative, unique and consistent tend to be better at catching the eyes of viewers or people recommended to your channel by the Youtube algorithm. Whether your tone is humorous or informative, having a thumbnail does wonders for your brand’s identity, which gives people a better time browsing through your playlists and finding a video (or even series) they could enjoy. Read Best Personal Loans in Bangladesh to Make Your Dream Come True Titles work with thumbnails as the so-called “bait’ to reel in your audiences before they even get to see the quality of your content. Before deciding on whether they like your videos, there has to be an incentive to click on them in the first place. Title phrasing has a massive role in this phase of your marketing, and alluring titles are tricky to get right. On one hand, keywords define the exposure of your video in the first place via the way your title is phrased, but on the other hand, it shouldn’t be too generic to the point where it gets lost in the mix among your competitors. Read How to Earn Money from Facebook Don’t Try Too Hard To Get Subscribers One of the most annoying things that consumers find in videos is when content creators go on about liking and subscribing to their content. The subscriber system serves as a transparent metric to determine how “popular” one’s channel is, but consumers generally won’t hesitate to engage in videos that don't have a ton of following - just as long as it is interesting. Consumers are becoming wiser and can sniff out “click-bait titles” easily, and comment sections along with social media posts can tarnish a company’s image if they have “sold out” their originality for the sake of getting sponsors and advertisers. Read Where to Find Online Courses during Coronavirus Home Quarantine Your brand is based on your knowledge and expertise of the topic that you have chosen. If that caters to a community that isn’t in the millions, that’s perfectly fine. The most crucial thing at the end of the day is to ensure that your content is consistent. Subscription is a commitment to a channel, which means audiences will be doing so, expecting content similar to what they liked in the first place. Of course nothing comes easy, and the responsibility to preserve the balance of keeping the content fresh while holding true to the brand’s identity is a daunting task - but its rewards are well worth it.  Read How to earn from blogging?