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PREVIOUS：Digital goods like music, e-books, online courses, and stock photos can also be produced by individuals and sold on a variety of online marketplaces. These digital goods can be produced & resold repeatedly without requiring constant work, offering a passive income stream. By promoting goods or services provided by other businesses, people can profit from affiliate marketing programs. People can earn passive income when their referrals make purchases by signing up for affiliate programs and sharing special referral links on their websites, social media accounts, or through other channels.NEXT：With investment apps, people can make direct smartphone investments in stocks, bonds, exchange-traded funds (ETFs), & other financial instruments. People can gradually accumulate wealth through these apps by making consistent contributions to an investment portfolio and utilizing compound interest. In a similar vein, real estate investment apps let users fund purchases of residential or commercial real estate through real estate investment trusts (REITs) or real estate crowdfunding platforms. These apps make it simpler for people to diversify their investment portfolios & create passive income by granting access to real estate investments with less entry barriers than traditional property ownership. Travelers looking for short-term lodging can rent out properties or spare rooms from individuals through accommodation-sharing platforms like Vrbo and Airbnb. People can generate rental income without having to commit to the continuous upkeep of traditional landlord duties by listing properties on these platforms.

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