If you become one, you won’t have to make business decisions on a daily basis. Become a silent business partnerįinally, if you’ve always had that entrepreneurial streak in you, but don’t have the capacity to run a business, you could invest in an existing business as a silent partner.Ī silent partner is a business partner who is only involved in the business through their capital investment into the business. For instance, if you’re in Kampala, you could earn over UGX 100,000 per night renting your apartment. Putting your property, (whether it’s an entire home or just a single room) on Airbnb can be quite rewarding. If the idea of buying a property seems like too big a leap for you, you could try renting out your property for short periods on Airbnb. The prospect of investing in real estate and making money off rentals is appealing, but it’s not necessarily for everyone. You don’t have to be involved in the day-to-day management of the property. As a passive real estate investor, your job is to provide the money for the investment. To make your investment fully passive, you can work with property management companies - there are several of those in Uganda. However, this method is semi-passive in the sense that you still have to be available to maintain the property, take care of repairs, and address any problems tenants may have. When people talk about earning passive income from properties, they are usually referring to traditional rental portfolios where you buy real estate and rent it out to earn money. No matter the idea you go with, do keep in mind that you will need to put in some work to get it off the ground before you can start enjoying passive income. ![]() ![]() For some inspiration, you can check out Diary of a Muzungu and Watchdog Uganda two of the many Ugandan blogs doing well. You can also create your own digital products (think e-books, photos, courses) and sell them on your blog. As a blogger, you can make passive income in several ways, for example, through affiliate marketing, ads, or sponsored content. Alternatively, you can get into blogging.
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