It is important that passive income should not be understated. For people who are unaware, passive income would refer to income received on a regular basis, however with little effort on maintaining it. Moreover, it has been commonly referred to as residual income. It is the revenue generated even when you are not working actively. On the contrary, active income would require you to work continuously to earn money. Passive income would only need passive participation.
For instance, active income has been working at a job for any company. You would be paid either hourly or through salary. Moreover, once you stop working, you would probably not be paid anymore by the particular firm. The company would top paying you further, as you were not showing up for work anymore, despite it being voluntary or not.
Online tutoring job
In case, you wonder how tutor making online money would be helpful in your situation, read on. The internet has been a boon to the people who have been searching to make passive income. However, you would be required to work, but not on a regular basis. The online realm offers great opportunities to all people and especially to tutors. All you would be required to do is to log on to the internet and search for homework help websites. These websites offer a chance to tutors to make money online by helping students with their academic assignments.
What do you have to do?
The tutors would be required to make a profile on the website, which would describe their qualification and skills in a particular subject. The students would log on to the website, go through the profile of the tutor and hire them for their assignment help. The tutor would be required to complete the assignment properly in order to be paid in full by the students.