Making passive income in Nepal is an intriguing subject. You can find many blog posts, videos, and courses that teach you to make passive income.
But are they genuine? Can you really make passive income using those methods?
We have found people talk about earning passive income in Nepal, but many are not legit. They only show you the generic methods. They do not tell you the truth behind whether it is genuinely possible to earn money from those methods.
The purpose of this article is to learn about passive income in Nepal.
What is Passive Income?
In simple terms, passive income is something you earn without actively working for it. However, most people often mistake passive income for something you earn without working. That is not true.
You have to work. The difference between active and passive income is that active income is where your earning comes directly from work. Whereas in passive income, your earning comes from the work you are not doing currently.
For example, if you have a 9-5 job, you make an active income. It means that if you stop going to work, you don’t earn money. On the other hand, you are making passive income if you have a monetized YouTube channel. You are constantly earning money from the videos that you made years ago. Even if you have stopped making videos now, you make money.
Passive Income is Necessary to Become Wealthy
If you want to become rich and wealthy, passive income is the way. You can never become rich by working at a 9-5 job. Think about every wealthy person you know. They are rich because they make passive income.
“If you don’t find a way to make money while you sleep, you will work until you die.” —Warren Buffett
Wealthy people own assets that have high values in the market. They include stocks, real estate, businesses, etc. When someone owns a high-value asset, their wealth increases as the price of the asset increases in the market.
Bill Gates, Warren Buffett, Elon Musk, and Jeff Bezos all own shares in their company’s stock. When the market price of these shares goes up, they become wealthier.
Can You Make Passive Income in Nepal?
Yes, you can make passive income in Nepal. Blogging, making videos on YouTube, investing in stocks, selling digital products, etc., are some of the popular ways people make passive income.
However, there is a small catch to it. It is not easy to earn passive income in Nepal. If you think of making a full-time living with passive income, you might have to think again.
It takes hard work, consistency, and patience to make passive income. Although it sounds cool to make money without working actively, it is much harder in reality. In fact, you might even have to work harder than making active income to make consistent passive income.
How to Make Passive Income in Nepal?
The following are some of the ways to make passive income in Nepal. We have also listed the truth behind each method to know whether you should use it.
Blogging is one of the easiest ways to make passive income in Nepal. You can start a blog, monetize it, and then earn money by getting people to read your blog.
The best way to earn passive income from a blog is by using display ads (like Google Adsense) on your blog.
How do you do that?
- Start a blog.
- Create high-quality content.
- Apply for the Google Adsense program.
- Drive traffic to your blog
- Earn money.
Recommended to read: A 7-Step Detail Guide On How To Start A Blog And Earn Money Online In Nepal
You can also earn money through affiliate marketing from a blog in Nepal. Affiliate marketing in Nepal is a strategy to promote products and services of companies and businesses and earn passive income. This marketing strategy is mainly used by content creators like bloggers, YouTubers, and social media influencers, to make money.
Other ways to earn passive income from a blog are selling digital products, starting paid newsletters, providing membership content, and writing paid reviews.
Success from blogging can take a lot of time (even years). The money you earn from Google Adsense is low in Nepal because of the low CPC (cost per click) rates. Furthermore, you will need thousands of visitors per day to make a good income from blogging.
If you want to make money blogging in Nepal, you must work hard and have patience. Even the best bloggers of Nepal struggle to make a good income from blogging.
However, it is not impossible to make passive income from blogging. You can easily earn $100 to $500 per month using innovative content and monetization strategies.
Click here to find more articles on blogging.
2. Starting a YouTube Channel
Making videos on YouTube is another popular form of passive income in Nepal. The monetization strategy for YouTube is the same as blogging. So, you have to start a YouTube channel, make high-quality videos (that people want to watch), and earn money from Google Adsense.
Most people today are into making YouTube videos. Some do it for passive income, while others do it for fun. If you have a good idea and can attract many viewers, you can start a YouTube channel and make a good income.
However, YouTube requires you to have 1000 subscribers or 4000 hours of watch time before your channel is eligible for monetization. New creators might struggle to get these numbers, but with consistency, they are achievable.
Earning passive income from YouTube in Nepal is not easy. The truth is that although it sounds doable, you need to work really hard. YouTube is about viewership. If you cannot engage your viewers to watch your videos, you will not succeed.
For starters, achieving 1000 subscribers will be challenging. Most people give up. Even if you become eligible for monetization, you cannot earn much on the platform. Why? Again, the CPC rates are low in Nepal. To make good money from YouTube, you need many views.
So, unless you are Sisan Baniya, forget earning money from YouTube. We do not wish to discourage new creators. We merely state the facts. However, as we said, it is definitely doable. The only challenge is working very hard, being persistent, and focusing immensely on growing your viewership.
3. Investing in stocks
Investing in the stock market of Nepal is also one of the easiest ways to make passive income. However, it comes with a lot of risk factors. When you invest in stocks, the market determines the price. So, if the market price rises, you make money. On the other hand, if the market price declines, you lose money.
Investing in stocks must be done by correctly understanding the market, investing, and finance. However, if done correctly, you can earn a good passive income.
Helpful content for starters by one of our contributors:
- The Basics of Investing in the Stock Market of Nepal
- 10 Things You Should Know About the Stock Market of Nepal
- How To Invest In the Stock Market of Nepal: A Guide To Investing In The Secondary Market
As we said, investing in stocks comes with high risk, and you can quickly lose money in the stock market. But, you can also get good returns on your investment from the market. Many factors affect your investment.
People have earned passive income in incredible amounts by investing in the market. So, if you use intelligent investment strategies, you can make passive income from investing in the stock market of Nepal.
4. Creating courses and other digital products
Creating and selling courses and other digital products like eBooks, photographs, apps, music, art/illustrations, etc., can also be a good form of making passive income in Nepal.
How does selling products work? First, you create a product that people want. You must work hard to make it because it has to be sellable. Then, you put the product online for people to buy. When people buy it, you earn money.
How is this passive income? You create the product once. But you can sell it for years, and you keep making money from it. For example, suppose you are a writer. You wrote an eBook and put it online at Rs. 100. You will earn this money each time a reader buys your book. So, you could be making Rs. 100 from this eBook even after 10, 20, or 50 years.
The process works the same for other digital products like photographs, art, music, and online courses.
Nepal has got many artists and digital creators. However, they have one common problem: Their work is not valued much. Ask any artist how they make a living. I am sure that more than 90% of them have a different income source other than making/selling art.
While making a course and selling online sounds intriguing, there is a lack of Nepali platforms that support it. Yes, there are places you can sell your digital products, like courses and photographs, in Nepal. But, that is not enough because the number of consumers is low.
If an artist or creator wants to sell their work on international platforms, we have the problem of payment gateway. Even the global payment platform PayPal is not yet accessible to Nepali citizens. That is just sad, but it’s the truth.
We hope artists and creators will be valued and paid for their work in the future in Nepal.
Many people want to make passive income in Nepal. The whole idea of earning in your sleep sounds very intriguing. But, the reality is that it is challenging to make passive income, especially in Nepal.
Again, it is not impossible. Many bloggers, Youtubers, investors, and creators earn good passive income. If you want to make passive income in Nepal, the first thing you need to do is to understand the truth. You must be clear about the fact before starting to work on it.
The next thing you must do is start. Many people only think about it, but they don’t act. Taking action is essential. Start small. Remember that you are already one step ahead of someone who is only thinking about starting if you start now.
1. How to earn passive income in Nepal from home?
There are many ways to earn passive income from home. The most common and easiest ways are starting a blog or creating YouTube videos. You can monetize both these platforms and make money online. First, however, you must have skills in blogging and video-making. You should work hard and create an audience. Only then can you earn passive income recurringly.
Other methods include affiliate marketing and selling digital products.
2. How to earn money online in Nepal?
Develop some skills. There are two ways of earning money online in Nepal: active and passive. Active income includes freelancing—by providing service to clients and getting paid for that service. Nepal’s most common freelancing services are content writing, graphic designing, video editing, and web development.
Passive income includes creating some online content and monetizing it. For example, starting a blog, making videos on YouTube, affiliate marketing, creating digital products, selling them online, etc.