Yes, there are various forms of passive income. Passive income is generally defined as income that requires minimal effort to earn and maintain. It's not entirely "passive," as most passive income streams require some initial investment of time, money, or both to set up. However, once established, they can generate income with less active involvement.

Here are some examples of passive income sources:

• Rental Income:
  • Owning and renting out real estate.
  • Renting out a spare room or property through services like Airbnb.
• Affiliate Marketing:
  • Earning a commission by promoting other companies' products or services on your website or social media. Source
• Creating and Selling Online Courses or Digital Products:
  • Developing and selling online courses, e-books, software, or other digital goods.
• Dividend Stocks:
  • Investing in stocks that pay dividends. Source
• Peer-to-Peer Lending:
  • Lending money to individuals or businesses through online platforms and earning interest. Source
• Creating and Monetizing a Blog or YouTube Channel:
  • Generating income through advertising, sponsorships, or selling merchandise.
• Licensing Intellectual Property:
  • Earning royalties by licensing your inventions, music, or other intellectual property.
• High-Yield Savings Accounts or Certificates of Deposit (CDs):
  • Earning interest on your savings.
• Automated Online Businesses:
  • Creating and automating an online business, such as an e-commerce store with dropshipping.

Important Considerations:

• Risk: All passive income streams carry some level of risk.
• Time and Effort: While the goal is passive income, most streams require initial setup and ongoing maintenance.
• Taxes: Passive income is generally taxable.