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23 Passive Income Ideas To Help You Make Money In 2023

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Alternatively, you might consider a “freemium model” – building up a following with free content and then charging for more detailed information or for those who want to know more. For example, language teachers and stock-picking advice may use this model. What if you get a tenant who pays late or damages the property?

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50 Best Small-Business Ideas – NerdWallet

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Or, you could buy property of your own (if you have the business funding, of course) becoming a property manager or landlord, renting out the space to tenants, maintaining the property and serving as their point of contact for any potential issues. If so, use this knowledge to your advantage and consider starting an IT consulting business.