Passive income ideas ? Yes, passive income is what most people desire for. People want to make money while sleeping not by rushing 9 to 5 for their sucking job. Earlier nothing like passive income existed, you need to really work in order to make money. There were no alternatives. But in 20th century , It’s definitely possible to make money while sleeping. Wondering how ? Just read this article and at the end you would be able to make a cut by transforming your passive income dream into reality using this long list of passive income ideas.
Passive income ideas ! but What is Passive Income ?
The line “make money while sleeping” explained it all. Passive income is generally defined as a stream of income earned with little effort, And it is referred to as progressive passive income meaning there is little effort needed from the individual receiving the passive income in order to grow the stream of income. Examples of passive income include rental income and any business activities in which the earner does not materially participate during the year. – that’s WIKIPEDIA.
A regular income which you can manage to get without putting much efforts regularly is passive income. That sounds like – work once, earn for lifetime. For example writing an e-book and selling it on amazon is a passive income idea where you work once and earns for a lifetime . Sounds awesome.
Some other passive income ideas requires a little maintenance like blogging. Passive income idea which I chose. Let me tell you why blogging is a passive income Idea .I took 2 days to write this full article on “passive income ideas” and once i hit publish , i had nothing left to do with this post . I have worked once but this post can yield me money for years if fortunately it ranks on google. Now let’s take a look on what are other income types other than passive income.
Active Income Active income requires active work. You earn when you work. If you work once , you, you will earn once from that work. This is money you make from a job and includes salary, tips, commission and any other extra cash you make on the side.
Residual Income Residual income is when you continue to get paid after the work is done. This includes royalties from books, movies, or songs and also revenue that comes from real estate or business investments where you don’t have to be present to earn it.
Want to know some active income jobs on internet just click the link below
Should I quit my job and start making money passively ?
No harm if you wish to make passive income but remember quitting your job to make passive income is just like quitting your job for starting a business. That means it requires some time to grow and you need to put efforts in the first days. After that you can enjoy your passive income . But choosing the most suitable idea from this epic list of passive income ideas.
can you replace your salary with passive income ideas ?
OK, the question is little tricky and might depend on the passive income idea you choose from the list below. In general, you can earn as much as millions of dollars and as low as $0. You can make it to million dollar mark but it would require time. So being patience is a determinant factor that can make your passive income ideas a success.
It can happen that you invested your time and money in a passive income idea and got no results, but that would only happen if you execute your passive income ideas wrong way. Otherwise, most of the people manages to make smart passive income using this list of passive income ideas. So doing research on your passive income ideas is important.
The Epic list of passive income ideas – that really works
In this epic list of passive income ideas , i have mentioned both online and offline sources of passive income but in the internet age you can do everything online.
You need to choose any passive income idea which suits you best. That means if you are busy doing your job and searching for a passive idea then you should choose a passive income idea which can earn you passively without giving much time . For your convenience, i have written some special note after each passive income idea. Let’s dive into the epic list of passive income ideas.
ONLINE PASSIVE INCOME IDEAS
1. Start a blog
A blog for sure is one of the best passive income ideas. I entered the world of passive income through blogging. Years back when i was a student (yeah! i am still a student) and was searching for a part-time online job, i get to know about blogging and i was impressed with the idea of making handsome money by writing articles. Another great thing about blogging is you can always do it as a part-time job. Are you wondering how blogs make money ?
How blogs make money ?
A blog is a website which provides information on any topic using articles like dollarsway.com and that’s why blogging is called content marketing. Blogs can make money using several methods . I need to tell you something what i observed making money online is that making money online is easy once you have community of online people who listens to you. Let’s see exactly how blogs make money:
WAY # 1 : placing ads on your blog website
A blog owner can make money using his blog by running ads on his blog website. People visiting his website will see ads and you will get paid, they will click it and you will get paid . That’s how most blogs make money.
HOW TO SHOW ADS ON YOUR BLOG ? There are several ad networks available online that can run ads on your blog if you want. The most used is google Adsense and media.net. Google Adsense pays to post ads on your blog. There are two ways to make money with Adsense; impressions which give you money for every 1,000 page views and clicks which provide you with money when a visitor to your site clicks on a displayed ad.
WAY # 2 :Affiliate marketing on blog
That’s another way trending today, Now more and more bloggers are using affiliate marketing as their prime source of revenue. Affiliate marketing is just referring products and earning commission.
I will be talking in detail about affiliate marketing later in this post.
Like ad networks , there are several affiliate networks too which can provide you with links and banners to place on your blog.
WAY #3 : You can design courses and charge for access to those. In fact, plenty of bloggers sell classes on how to make money blogging
How to start a blog ?
Starting a blog will never make your wallet empty, because it does not costs more than $10 to get started with a blog and if you use godaddy then you can manage things under $3.
We highly recommend you to use Godaddy as it will cost you as little as $3 for getting started so you will have minimal risk and excellent services.
You must try out this passive income idea as blogging works for most people .This passive income idea will not ask you to quit your job, just give it 2 hours a day. Starting a blog takes less than 10 minutes today , all you need to do is click on the link below:
KEY TO SUCCESS : you need to give 2 hours a day at-least . if you want to get fast results you need to give 4 hours a day. Take care of SEO , have patience and blog regularly, you will definitely get good results in 6 months. Try to become a go-to resource for your readers. Choose a niche which is less competitive to see fast results. Writing quality content is the ultimate key to a blogger’s success.
2. Start affiliate marketing
Affiliate marketing is the way most people get started with passive income ideas. Affiliate marketing is the reason behind bloggers making thousands of dollars monthly. Affiliate marketing is not hard to do if you do it right way.
SCOPE OF AFFILIATE MARKETING : No limit, you can become a millionaire with affiliate marketing if you do it right way. it’s not necessary to have a blog for placing affiliate links . You can always use affiliate links anywhere online and they works best with affiliate Facebook pages and yeah blogs.
Before you Start affiliate marketing , you should read our guide on Affiliate marketing.
3. Write a e-book on amazon-kindle self publishing platform
This is another place to find a niche. You need to write some useful content on any profitable topic and then change it to e-book format then sell it on amazon. You can sell your one e-book for some price infinite times, Unlike regular book publishing. Here you only need to write once. Money required to publish a kindle e-book is very less and return you can get is very high and regular. So give a try to this idea too from passive income ideas list.
Ebooks don’t have to be terribly long either, so you don’t have to write an opus to make some money. There are several places you can publish including Amazon’s Kindle Direct Publishing. Booktango, and Lulu. The essential services on most of the publishing sites are free, and you can pay for premium services like marketing and editing.
Efforts required: you need to give your time in creating a e-book , it can take a month, marketing is none of your business , leave it all on amazon. You need to do proper research to find profitable niche with less competition before you get started . Wondering, how to do research, just read our guide(link below). investment is minimal if you can manage everything on your own.
For you we have created a long post on how to publish your first e-book on amazon and earn thousands of dollars.
Read the article and you will get your all doubts cleared.
4. Start a YouTube channel
We all watch YouTube, and ads coming before the video. We know how youtubers make money .
Yes, by showing ads before and between the videos, They just need to create videos and ads are managed by Adsense . They make videos once and earn from those videos for years.
Every passive income methods requires some time to actually start making money. Same is the case with YouTube. You create a channel , upload videos on it but no one will view it except your friend and relatives and that would not going to have any effect. People start watching your videos with passage of time as your channel gets popular over YouTube and you have some knowledge of YouTube SEO . Once you start getting audience on your YouTube channel, you monetize your channel with Adsense and then ads come to your channel videos and you get paid every time your video gets a view or more truthfully ads on your videos gets views. You can also do affiliate marketing on YouTube.
How to do YouTube right way : key to success
Making videos is not a tough work, editing them may be. You need to create YouTube videos on topic you are expert on or you need to first learn then make videos on any random topic. So find on what niche you can make YouTube videos. Try to provide value to your viewers through your videos.
5. Create an Audio Book
Doing an audiobook is more complicated than an e-book but you’ve already done the work of the e-book so why not get it out there in another format. You don’t have to have all of the specialized equipment to do it yourself; outsource it to someone else on a site like Up work or Guru.
You can use AudioBook Creation Exchange to create and sell your audiobook.
6. Make money with amazon FBA
What make money with amazon FBA ? Mohit ! do you want us to open a store and sit on it and then sell my stuff online too ? No, i don’t want that . You need to sell online and that too in a way , you will never feel like you sell stuff online. But how ? with Amazon FBA program.
What is amazon FBA program ?
Amazon FBA is fulfilled by amazon.
How amazon FBA works ?
You obtain a product (or products), ship it to Amazon Fulfillment Centers, and wait for it to be sold. You get paid every two weeks. You can SELL PRIVATE LABEL PRODUCTS VIA AMAZON FBA. That means you need not to be regular seller. Just buy low sell high on amazon. The potential to make money with the Amazon FBA program is huge (millions of dollars a year potential).
- Find a product to sell that’s already selling well with very few competitors in the marketplace.
- Source the product with manufacturers. We recommend requesting quotes from 10-15 suppliers and order samples.
- Negotiate with the suppliers on the price and place an order with the supplier you feel best fits your business’ needs.
- Create a product listing and start pre-marketing for your product.
- When your product arrives at the Amazon fulfillment center, launch your product.
- Use early promotional sales to accelerate your product’s position in the search engine and get early reviews.
- Turn on pay-per-click ad campaigns and track ad costs.
Key to success : just find a product which has low competition on amazon and high demand. Buy it from your retail store or manufacture it or buy it from a wholesaler and Sell it on amazon FBA . You will need to send all your products once, and when they get sold, you will receive payment in every 2 weeks.
In order to get full guide on selling with amazon FBA . Just click the link below
7. Build an app to make money online
The age is of internet and with the coming of smartphones , app had become the go-to place for accessing online things. You need a pizza, today you don’t open your laptop for ordering a pizza, yeah ! you do it from your smart phone that too with dominos app. All i am trying to say is – apps are trending and if you wanna make money fast, you should go with a method that’s trending.
So why not you build an app that makes money ?
how to make money with apps to earn passive income by publishing free apps in the mobile app market ?
First let’s talk about what type of app you can build to make passive income and then we will dive into the app monetization.
Just because created any app would not earn you money. The key is you need to build an app which can get good number of downloads and people should use it often. So don’t just create any app for sake of creating an app. If your plan is to just build one without a strategy and just sit back to collect your money, you’ll be in for a rude awakening. Create an app that can be of some use to people.
You need to have a strategy. You should do research about which type of apps get good downloads, have less competition and all that is needed to know.
I can give you some ideas you can build apps like spin and win, fitness etc (i have no knowledge of competition of the apps i listed, they are just easy to build).
You can build an app in just 20 minutes today. Just search build an app google and you will find out how ?
Once you have build your app , now you will need some monetization methods to make money from your app .
Here i list most used of monetization methods to make money from an app.
1 – Advertising
2 – Subscriptions
3 – Selling Merchandise
4 – In-App Purchases
5 – Sponsorship
6 – Referral Marketing
Just build a useful app and make smart passive income.
8. sell on shopify
Shopify: Selling stuff is a great way to make extra money whether you sell things you make or re-sell stuff you buy. If you want to build an online store, Shopify makes it easy. They have ready-made templates, so you don’t have to spend time designing your store.
They also have a lot of tools to help you do things like create coupons and promotions, process payments, handle returns, and share your store on sites like eBay, Google Shopping, Facebook, and several price comparison sites like Nextag, Bizrate, and PriceGrabber.
It goes without saying that Shopify is the platform of choice for drop shippers.
9. Sell your photos online to make passive income
Yes ? there are several websites on internet that can buy your photos and can give you passive income. If so, check out a site like Shutterstock where you can send them your pictures and if approved, each time one of their clients downloads one of your photos you get a paid a royalty.
There are other websites too you can use to sell your photo. I have heard that one such website pays $100 for one photo.
Just find them out and make happy passive income by clicking photos.
TIP : you can always get photos from a photographer to sell .
10. Get Cash Back on Shopping You Already Do
I am not talking about collecting some pennies as a cash back . With more and more people shopping online , the size of these pennies have grown up to dollars.I mean to say if you shop online often then you should consider this idea as a good one. This can be helpful for you to save every time you shop.
If you buy something and the price goes down within a specific time frame, Paribus gets you refund for the difference. I don’t know if paribus operates in india..
Swagbucks: When you join Swagbucks you can get cash back when you buy online from more than 1,500 retailers including places you probably already shop like Amazon, Target, and Starbucks. You earn points for each dollar you spend and also get exclusive coupons and deals exclusive to Swagbucks shoppers.
Also, you can earn points when you use the Swagbucks Yahoo search engine, and when you watch exclusive videos, Swagbucks has put together. You can redeem your points for gift cards or get cash back through PayPal.
11. Become a Uber driver
That’s not actually full passive income but yeah, it can be earned with little efforts. Just become a uber driver and transport people around the city in your free time or part-time . In larger cities you can even make 1000$ a day on week ends. In smaller cities , it can vary.
13. Buy an existing business
Setting up a new business and then marketing it is a hard game. Getting good results from your business requires time and money. SO if you want to start a business better buy it. There are plenty of people online wanting to sell their business for some reason just find them and make passive income through their already running business.
14. Buy up royalties
Had no idea this was a thing! Music ownership is managed via royalties. Having ownership of those rights means the holder earns money on the earnings of that music. Royalty rights are not affected by financial markets and provide a steady stream of passive income.
15. Domain trading
That’s similar to online arbitrage (not much). Find out opening business that can be started or going to start in your area or any other and buy domains which they are supposed to buy for their business . then you can always sell the domain to them at high rate. believe they will never negotiate their domain idea for saving some penny.
16. Vending machine !
A successful vending machine business can be a great way to make passive income. The key is to find the right places to install your vending machines. Check with smaller brick and mortar businesses that have over 100 workers in the building on a daily basis, and see if they need vending machines.
17. Rent Out
You would surely have a tons of things that are no use and they are eating out your space but you don’t wanna sell them . Then why don’t you rent them. This could be the best idea to make passive income from things that you do not use often. The age is of internet and no matter where you live, you can most probably get sites to offer rental property. If not then you can always use OLX. Here are some ideas of products that you could rent out: extension ladders, party tents, tables and chairs, utility trailers, log splitters, chainsaws, snowmobiles, and ATV’s.
18. Advertise on your car
How would you like to make money just for driving your car and not have to pick up any passengers? By allowing companies to place advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.
Check out Carvertise to see how you might be able to make passive income by wrapping your car with an advertisement.
19. Rent a room
If you live in some big city in a self owned house then you always have a chance to make passive income by giving room for rent. Many people mostly students migrate from their city to other for education purposes and they want a room so find them and rent it out. You can charge any money according to wealth the customer owns.
20. Invest in Real Estate
Real estate has long been the source of passive income for ages. Investors and owners have opted to rent out homes, apartments, condos and office space to generate a healthy monthly revenue. Clearly, real estate is a great source for generating some automatic income, but it also requires a sizable upfront investment.
If you have extra cash lying around, you can certainly opt to invest in some real estate. You can purchase the real estate to rent out to long-term tenants or you can try your hand at vacation rentals through sites like AirBnB or VRBO. Either way you look at it, this is a great passive income idea if you have the cash lying around.
21. Invest in dividends stock
Dividend stocks are a great resource for generating passive income. You also won’t need to sell the stock to generate that income. However, you will need to buy a significant amount of shares to see a healthy stream of revenue from whatever dividend stock you end up selecting.
Do the proper research and due diligence on finding the right dividend stocks. You don’t need to start out by knowing everything, but you do need a desire to learn and understand. Start small and build up from there while constantly keeping an eye out for high-income producing dividend stocks.
22. Peer to Peer lending efforts
Peer-to-peer lending platforms such as the Lending Club and the Funding Circle make it easy and straightforward to invest in people and businesses to generate a passive income stream from interest payments. Many of these sites have accurate algorithms that will predict risk, taking much of the guesswork out of the equation for you.
Clearly, this will require some upfront investment. If you have some money stashed away, this might be a good avenue for investment without having to rely on low-interest-producing CDs at banks or high-risk stocks. Do the research and judge for yourself on whether this passive income idea works for you.
These are just some passive income ideas. There are a lot of others too. Just comment down and let me know about others. contact us freely if you want further guidance on your passive income ideas. I will always be there to help you. thanks for reading.