Today am going to explain a Passive income Business idea…

You may think what is a passive income?

Ok, let me explain what is passive income business means… you can generate an income when you are sleeping. For example, even if you don’t work for that actively… The income will be passively generated are like… you may be holding a property like a house and you make rental income from that every month this is an example for passive income related I am going to give a super-duper idea of passive income business today…

In order to do this business, you need at least 10 lakh rupees as an investment. You already know import export is a popular business this is already happening in most of the place… And this is a field that cannot be faded away so easily…

Export-Import activities which are already happening in the seaport are transported using big containers…

A small 20ft container’s starting price is 500000 rupees, it is a new container’s rate. If you buy 5 containers like this then you can make your own passive income… it is not necessary to buy always a new container, you can also buy these containers in second hands(used containers) for very less rate, for example, a small container can be costing you one lakh rupees when it is a second hand.

Once you have bought these containers then you have to reach the export-import agents (C&F). There will be an agent for each and every import and export company, therefore, you have to reach them and ask for a contract. A contract will last for 5 years approximately. For 5 years they will be doing business only with you… export and import company will always transport their products through your container only for five years.

If you want to cancel the contract at any time you have to tell them before 3 months this way you can earn the profit passively. Export and import company will pay the container rental charge only after three months once to you. You don’t need to work hard or no need to go for maintenance at every time… the only thing you should do is to ensure that your container is in good condition or not. That too, you can apply for insurance and therefore you can also manage that cost…

This is the mother of what is going I want to this business even if you sleep or if you don’t work for this directly each and every three months once your account will be credited with the payment and you will be having passive income for 3 months once…

No need to employ a person to check whether it is running or not or anything like that the only thing is your container should be e safe that you will be having insurance for that therefore no problem so that you can claim in the insurance

Ok now that I’ve discovered what are all risks are there in this business… The only major or the one and only risk in this business is you should look for the container if there is no damage. And you should maintain the container without any damage.

The container should not have any damage or it should not have any small or minor holes in that. If it has some damage like that, therefore, they will not buy your container for the rental…. Because it makes the products lose their quality and therefore exporters will not prefer your container to transport their products. So this is the only thing that you should be careful of… you should always check if there is any damage and you should correct it tinker it…