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29 passive income ideas that help you to make money in 2021

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Passive income is a goal or dream for many people but a few knows where to start & how to start because these stuffs not taught in schools, School system only focuses on how to get jobs.

So therefore most of us find ourselves running in the same rat race and everyone else wondering how we got there. But actually you can start building wealth at any time from anywhere and all it takes is to have the right ideas and desire to take action on what you know or learn. 

You can start building your way up to financial freedom like many others have done, and for helping you out there we are sharing a list of 27
passive income ideas to get financial freedom and independence.

But before we get into the detailed information of each and everyone I just want you to know if you’re not familiar with what passive income is… 

What is Passive Income:-

Passive Income Means a Cash Flow into your pocket month after months without actively involving your time on daily basis. Passive Income may be earn while you sleep, enjoy vacations or may be playing with your kids 24 hours a day 365 day a year . 

Most people out there are familiar with active income, where you go to a nine-to-five job or maybe you make money derived from your immediate activity while there’s nothing wrong with it, but the big issue with active income is that you’re actively involved in that process and if you want go on vacation or do something other than work you can’t make any money without doing your work.

So passive income on the other hand is a way to be making money without involving your time actively day-to-day and continuing to earn money day & night as well. 

It could be either loan lending, real estate, or just any type of business that requires very little or no effort to run. but remember this is not a get-rich-quick scheme, there is a great truth behind Earning Passive Income, here you have two choices…

  • You have to invest your time:- It’s a vital truth universe that you can’t make anything from nothing, So if you want to create a passive income source, you need to invest some amount of time at first to make or create something that gonna become your assets and will allow you to earn passive income. 
  • You have to invest your money:- If you don’t like to invest your time to create something, then you have to invest your money into an asset or something out there such as real estate, automobile, digital products, or in any business as a investor and your money will work for you and allow you to earn passive income.

So choice is yours what you wanna invest your time or your invest your money, there is no pipe dream secret out there of a method that doesn’t involve your some amount of time or some amount of money to start earning passive income.

What is not passive income?

Most of the people misunderstood passive income with side hustle. Side hustle just way to increase your current income but there you need to put you time and efforts on daily basis.

Your passive income is not…

  • Your job – Passive Income means to invest time and efforts for some time, this can be days, month or years, but after that it just generate regular monthly income and let you retire early. Any increase in salary in your main job can’t be calculated as passive income stream.
  • A side hustle – It may be possible that your side hustle potentially can generate passive income, in future such as teaching online and recording your online classes, but this won’t generate passive income until you upload these classes recordings on a digital courses teaching platforms such Teachable or skillshare.
  • Consulting – Consulting or giving business advice may be a excellent side biz, but here you charge hourly, or per meeting it means you trade your time for money so it can’t be a passive income source. If you create a course around your expertise and sell it online then you can turn it to a passive income so it can’t be a passive income source. If you create a course around your expertise and sell it online then you can turn it to a passive income sources.

How Many Passive Income Streams Should You Have?

The idea of creating multiple streams of income is cool enough but it totally up-to you commonly most of the multi-millionaire have at least 7-8 passive income source and 1-2 active income platform, so you should start creating at least 3-4 one by one.

How To Start Building Passive Income?

Passive income is a very tempting thing for everyone but finding the passive income ideas that best suits you is not as easy as it seems. You can’t just work on one business idea that works for others.

If you want to find the best ways which surely make passive income for you, you need to start with some clear goals and plans. You need to know how capable you are in terms of money and time. And you have to be willing to make short-term sacrifices to meet your long-term goals.

Before starting your passive income ideas that inspire you, consider these following steps to build a solid foundation.

1. Build A Cash Cow

  • Before you spend thousands of dollars on a passive income plan that you’re sure will work, it’s important to build a cash cow… it can even be your first form of passive income!
  • Open a high-interest savings account with at least $100. Over time, the interest you earn on this cash will count as passive income, and you may also receive a cash bonus for opening the account.
  • This cash cow gonna give you enough cash inflow and mind freedom to keep working on your passive income ideas and you won’t stop it due to lack of money inflow problems.

 2. Build or Enhance Your Skills

  • Many people think that building passive income is an easy task and you can make it without any skill or expertise, somehow it is right, but there are some passive income ideas like course-writing, video-editing for which you must have some Specific  skills.
  • If you have these skills, great! If not, you have to acquire that knowledge and expertise as this relevant qualification will be worth it in the long run.
  • Also, not only gain enough knowledge and expertise in the skill, but you also need to be brilliant at it so that you can give your best and beat the competition.
  • Also you should learn all the skills that can automate your business ideas like Email Automation, Chat Box Automation, Payment Automation, Staff Management, Freelancing Services Hiring Tricks etc so that you can build wealth without active involvement.

3. Be Realistic About Your Commitments, Time, Money, Efforts.

  • As we mentioned, although the idea behind passive income is that you want to earn money while you sleep, no business can be built without effort. 
  • In fact, you may find that building a passive income stream involves a lot more time and effort than a standard side gig to actually get it up and running.
  • If you already have a demanding job, kids, or an active social life, you may not have the time to spend building a more profitable business. In that case, you can consider investing or ask someone else to help you with the heavy work. 

4. Do What You Love & Consider Your Dreams

  • Steve Jobs once said, “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” It’s essential to understand this message when picking any side hustle, or passive income idea that always do what you love to do, don’t select anything where you feel your activities are your burden.    
  • If at least one part of the idea doesn’t excite you or fuel your passion, chances are it won’t work for you. So, look for an idea that you can see yourself doing over the years. 
  • Even if you can step back and let the business run mostly on its own, you may still need to indulge occasionally, so make sure you choose something that you enjoy.

5. Be Decisive, Take Decision

  • Once you’ve analyzed your strengths and weaknesses, considered any obstacles, and thought about what you’d be happy to do, you may already have in your mind a slew of passive income strategies. 
  • There may be one idea which perfectly fit with your desire and actions. Be Decisive Choose that, don’t delay, you will surely achieve financial freedom in no time!
  • Don’t give up when you face any temporarily defeat or obstacles, these are a part of every business and life.

List Of The 27 Best Passive Income Ideas:-

Now I’m gonna share with you a List Of The 27 Best Passive Income Ideas a blend of both of these some of them require your time, and some require your money investment, choose any of them according to your passion and desire, don’t just go with any because you can’t put your money or time in something that you don’t have love or passion for. So here is my The Best 27 Passive Income Ideas which can generate money month after months…

1. Passive Income By Selling Information Or Digital Products:- 

Therefore this for a lot of you guys may sound like an area that you’ve
never even really heard of before but it in current scenario people are
learning new skills and so most people if they’re looking to learn about
marketing or about a particular subject while they go out there and they get a
college education the big problem with that is…

  • It’s gonna cost them thousands of dollars if not tens of thousands, but
    Digital Products or Courses are cost effective and much more cheaper then
    institutional courses.
  • Most of the time things are written in a textbook they are often outdated
    while online courses are all so much more current and up-to-date.
  • There are very few institutions available in all cities which can provides
    latest learning skills and job oriented courses. Such as digital marketing,
    social media marketing, or eCommerce Drop Shipping Skills.

Therefore if you are somebody who is maybe more extroverted or you like the
idea of teaching this can be one of the best methods for earning passive income
by taking something you’re already knowledgeable.

Creating an online course and then selling it to people online and not only
are you making a really good passive income source for yourself, You’re also
helping people in a certain area of their life where they’re definitely
struggling with.

So it’s a win-win situation and now you might be saying to yourself who in the
world is going to buy an online course but you would honestly be surprised by
knowing this, There are millions of digital marketers and online teachers they
are making wonderful living by doing this every year. 

There you can create DIGITAL PRODUCTS such as eBook, Audio or Video Courses. But remember this all take time and efforts also creating single product on course won’t let you earn enough passive income so you need to create more excellent courses or products for making up-sales.

There are some best Tools and Online Teaching Platforms available for you
for creating your own digital products or courses easily.

2. Passive Income From Affiliate Marketing:- 

Affiliate marketing is a great way to make good commissions and start a business on the internet with very little capital. This is a great income opportunity for “Influencers” social media website owners, or bloggers, who may promote a third party product that includes a link to the product on their social media account or website. 

Some Key Features Of Affiliate Marketing…

  • You don’t need to pay or join any program or product for becoming an affiliate, but it is recommendable to use the products or services before referring to other so that you can understand how your product works.
  • Amazon Affiliate Marketing might be number one choice for a affiliate partner, but eBay, ShareASale, Awin also well known too.
  • you can directly refer these products to the potential customer or also consider to grow a email list to redirect your customer to your website using email marketing.
  • Affiliate marketing is considered passive income stream because, here you can earn commissions just by adding a link to your social media accounts or your website once but you need to set automation because Just adding a link to social media or a website won’t you get conversions.
  • This is not a quick rich process, it gonna take good amount of time, efforts and patience for building considerable number of following or visitors on your social media sides or on your Website which gonna click on your links and buy your affiliate products. 
  • You’ll need to build a sustainable fan following by producing useful information and content and attract reader to your post using SEO, social media marketing, email automation.
  • The easiest way start making money by creating YouTube videos and then I start leveraging these with the Amazon Associates program and by the time you gonna generate very handsome passive income.
  • Here is you would simply take products that you already own and things you’ve purchased then just make a review video and then simply go over to amazons join the Amazon Associates Program and then put your Amazon Affiliate Link in the description of that video and upload it on YouTube.
  • Definitely Amazon Affiliate Program is a one of the best Affiliate Program out there if you are a beginner or focusing on physical products only, but if you love to sell digital product then you can apply same YouTube video marketing strategy for selling digital products as well.

Always select a best recurring affiliate programs which have recurring commission for lifetime because recurring monthly income is a pure passive income for you because there you needn’t to put any extra work for getting it.

3. Passive Income By Investing In Crowdfunded Real Estate:-

This is the kind of investment where you can invest money with people from all over the world and that money will be invested in private real estate deals, so if you haven’t guessed already, this is one of the best ways to earn passive income.

So it’s like putting your money into an asset and allowing that money to work for you instead of actively engaging your time, so if you already have some money set aside it can be a good way to earn some passive income. Could be an interesting way.

This is one of those ways to earn passive income which requires money to make more money As we said in the beginning of this article, you have two options to earn passive income one is that you Invest your time creating something or two to invest the money you already have and let that money earn more money.

There are many companies now available that offer the opportunity to invest in real estate deals with or without assets like a shareholder. 

Key features of Crowdfunded Real Estate Platforms…

  • It’s have tangible nature of the investment
  • Low risk due to very low-correlation with the stock market
  • multiple Passive Income Return Components (assets value appreciate, rental income)
  • Tax Benefits or Advantages.

These companies or platforms provide a variety of services such as maintaining, renting, managing, and as a result you can avoid these manageable part of real estate investment, put your hard earn money in these type of alternative investment options.

 

It is entirely up to you what type of investment you want to make in any real estate crowd funding ventures, and different companies specialize in different types of ventures. Some of the most popular passive income apps options are:

  • DiversyFund – It deals with multi-family housing such as Apartment Buildings
  • Groundfloor – It work for fix and flips types of properties.
  • FundRise – It Expertise in Investing in real estate portfolios that include commercial and residential real estate ventures.

The best thing about crowdfunded real estate is you can literally start out with a five hundred dollar portfolio one of the site is fundrise, I love it because fund rises very transparent about the advisory fees you’re paying about 1% fee of what you have invested but overall you gonna get great experience with fund rise.

I would definitely recommend Fundrise to people looking for passive investing and when you already have the money and they are very transparent and direct about what you are investing in, you can really see Know what projects you have invested in and really check the details and see where your money is going.

So if you guys do decide that you want to check out fundrise make sure you have a minimum time horizon here of at least five years because your money is actually being invested in real estate projects so they can’t guarantee the liquidity. 

 

So you have to understand that as somebody who invests in crowdfunded real estate you’re gonna need this money in for 2-5 years don’t invest it here if you don’t have your time commitment. 

4. Passive Income By Leveraging Social Media Platform:-

Leveraging The most popular Social Media Platforms can become a very cool passive income source for you. Facebook, Instagram, Youtube are some of the most popular Social Media Platforms which can be utilize easily.

Therefore Instagram is one of the best social platform where you build up a personal brand page or build yourself up as an influencer and then you can…

  • Start selling your own digital product.
  • Sell your own coaching PROGRAMS.
  • Sell other people’s product as a affiliate marketer.

That’s just one of the ways you could do that second of all let’s say you find an influencer out there like myself who has a lot of stuff going on and there Maybe they have time issue to manage their own Instagram page well.

  • Become a Social Media Manager:- Manage other’s Instagram pages on behalf of them and they will pay you week after week month after month on a recurring basis.
  • You could help local businesses establishing a presence on social media and charge for it.

I know that sounds like a lot of work and need so much involvement in the task so how is that going to be passive income stream. 

Yes, you are right this take lots of time and efforts for managing somebody’s page or even managing your own page or pages for a business so here is a system you need to create for converting it into a passive income venture.

  • Train some VA or Virtual Assistant on how to do the ins and outs of this operation.
  • You’re dealing with a client who is paying you $1000 a month to manage their Instagram page for their business.
  • Hire some well trained virtual assistant from overseas and pay them 30-40 percent amount per month as a salary.
  • Your job is just going out there and getting clients and essentially they pay you a thousand you pay your VA $300-$400 and you’re collecting $600-$700 per month in the process that is how an Instagram marketing agency can become 100% passive income source.

The point to be consider that this isn’t gonna be passive income from day one you’re gonna have to actually build up this business and get a couple of clients figure out how to grow and manage Instagram pages yourself and then train a virtual assistant.

But once you have done all of those things it can be a very passive business now if you are looking to learn more about Instagram in particular Instagram marketing agencies or just how to grow your own page or someone else’s on Instagram.

5. Passive Income From Niche Blogging:-

Blogging is a most popular passive income stream which helped countless bloggers and entrepreneurs earn passive income through affiliate marketing, sponsored posts, selling trainings or courses. 

It’s true that starting a successful blog can take quite a bit of upfront work; however, it’s one of the most sustainable ways to grow organic and social traffic and building an email list.

Key Feature Of A Niche Blogging-

  • For establishing a successful passive income source, you need to be passionate about the topic or niche and you must know how to monetize your blog with the best suited digital product.
  • You must be an expert using some blogging and digital marketing tools that can automate your blogging business such as lead generation, email automation, post scheduling, payment system, course delivery etc so that you can easily generate passive income.
  • The biggest advantage of creating a blog is that this is a trust builder asset that can be turn into multiple passive income streams. You can sell your product as well as other people’s products that may be digital or physical both.
  • Becoming a expert in a certain niche and providing extremely valuable information to people build trust and authentication and people love to buy products and services you suggest to them.
  • When you start building niche blogging you are going to find a blog niche that you are interested in, and passionate about, and then start writing reviews of various products or services in that niche. So that’s how you are scaling up to a million dollar blog in the next few years.

The most important part of a website is creating a attractive marketing copy  so that it can attract sponsors interested in getting their products or services in front of your audience. It’s hard to do it yourself and even harder to find someone to hand it over.

That’s why you should invest some money in a proven and user-friendly solutions that can create compelling content, and enable it to be seen by more people. 

If your time is limited and you want engaging content, you need a software that can help you write all your copy. Before Now, There wasn’t a good choice for Small Businesses.

But now Jarvis.ai has changed that scenario. Jarvis.ai is an artificial intelligence-powered assistant that will create great marketing materials for you in minutes.

All you have to do is give Jarvis some information about your business and it will take care of the rest!

6. Passive Income By Creating Comparison Content:-

Yes this could technically fall under the category of niche blogging or making review YouTube Videos but this has been such an eye-opener for me and a huge opportunity for earning more passive affiliate income that I wanted to break it off into its own category.

And that is simply by creating comparison content between two different services or products whatever it may be, but what that generally means is lower traffic but also lower competition. Low competition gives you enough chance to get ranked on Google fast and easily.

Key Benefits of Creating Comparison Content:-

  • 10x Chance to get ranked on Google Search Engine.
  • People are ready to make a decision for purchasing products or services as they know about these two companies they’re just looking for the last-minute details to choose one over the other so the level of intent behind this traffic is very high.
  • If they go ahead and click on either products links you gonna get affiliate commission.
  • Therefore a lot of opportunities here for making comparison content such as Amazon Affiliate Product Comparison Website, Digital Product Comparison articles or videos, etc.

So comparison content creation is one of the best ways in my opinion for generating affiliate income or passive income and because you’re going after these long tail keywords it’s not very competitive and so it is a lot easier to rank for.

7. Passive Income From A Membership Site:-

If you’re not familiar with what a membership site is, it’s basically creating content that are exclusive for members only, or there are information behind a paywall that requires people to pay a monthly subscription to access.

We’re all familiar with a couple of very popular membership sites one of these being Amazon Prime another being Netflix or even Spotify all of these are technically paid subscription membership sites.

Here essentially you’re doing for earning passive income is doing exactly what all these companies are doing but just on a much smaller scale. you’re taking something that you’re knowledgeable of and creating a membership site around that, it maybe it’s healthy recipes, diet plans, weekly makeup tutorials, etc. 

Key Features Of A Membership Site:-

  • You earn monthly recurring income as long as your subscribers use your product or services.
  • This recurring revenue model is very predictable, you already knows how much you gonna earn per month.
  • You need to setup this membership site once and then you gonna earn pure passive income doing nothing.
  • You will have to create the content for the people who wanna subscribe your product on monthly recurring fee, but if you do it the right way you don’t actually have to create that content in the first place.
  • You can outsource freelancer who can create valuable content for your membership site.

So if you guys do want to learn more about a membership site, and how to start business on it then I highly recommend go-to place for this is Teachable that is the best platform that basically do all of the back-end work for you.

Teachable give people access to the course, they help with lost passwords they collect the money on your behalf they basically do everything all you have to do is set a price and put content in there.

Now they have a weekly webinar they run called the seven steps to a successful online course but this also applies to membership sites I would highly recommend sitting in on for learning more about this platform.

One of my favorite parts about teachable is that they have a completely free plan that does allow you to actually make money.

8. Passive Income By Setting Up Facebook Ads For Small Businesses:-

For earning passive income by setting up and running Facebook ads for small businesses maybe this is an opportunity you haven’t heard of before, and maybe you’re saying oh maybe it’s over-saturated, I don’t want to do that, but still There are tons of businesses popping up out there every single day, and a lot of them are stuck on social media especially on running ads online.

So essentially what you’re doing with this strategy is helping businesses Record, Create, Optimize Facebook Ads and then after you’ve created these ads you pretty much do nothing except send them a monthly report of how that ad is performing. 

And yet they’re still paying you, and your earning per month may stand from somewhere 25%-50% per month. This is basically the industry standard most businesses start out with a monthly budget of $1,000 per month and only 75% goes to actual ads only.

Key Features Of Social Media Marketing Services Agency…

  • The beauty of this is that once you’ve actually created the ad and optimized it once and keep earning month after months.
  • Regular testing and ad optimization well assumed your target audience, and that yields great results for business owners. So they don’t want to stop that ad, and let it run month after month.
  • Therefore you just have to take some screen shot for business owner, and supply them with some metrics on how their ads are doing and in return they keep sending you a fix amount per month and you gonna keep 25%-50% out of it as a pure passive profit.
  • You can begin to multiply that method across many different clients this can be a very simple way to earn passive income.

Now if you guys are looking to learn more about Facebook Ads how to set them up, and how to run them, as this skill gonna make you to be able to run ads for business owners. And will let you setup your sustainable social media marketing services agency.

So here I’m gonna link up some Best Facebook Ads Courses for beginners, and although it’s an opportunity that’s been out for a while there is still so much untapped potential here and it’s a very powerful business model that can allow you to earn passive income.

9. Passive Income By Investing In The Stock Market Automatically:-

Now let’s talk about the stock market, there you can earn passive income from the stock market too, and you do not need to manage it yourself. There are many ways to automate this task.

For this you need a robo-advisor, who will automatically invest money in the stock market, the whole process will take only 10 minutes to register an account with the robo-advisor. There you will choose a portfolio that align with your goals. 

Now you must be thinking that who is that Robo-Advisor? So here is the answer… A robo-advisor is a piece of software that allows you to invest automatically without your contributions and it helps and advice you for setting your goals and investing your money exactly how you want over the time.

Key Features Of Investing In The Stock Market…

  • Investing for appreciation is not a passive income source. However it can be, if you consider investing in stocks that offer high dividends for their shareholders, than it could potentially generate impressive cash. Here robo-advisor gonna help you a lot for selecting perfect stock for your investment.
  • Here are The Best 11 Robo-Advisors you can choose for your passive investment portfolio.
  • Here you easily can find different general investing plans which are mostly just portfolios of stocks and bonds.
  • Some portfolio are conservative, and some are more aggressive.
  • They also offer retirement planning so they have different target date retirement funds based on when you plan on retiring.
  • This is a passive investing where you put your money in this and you completely forget about it and you leave it there to earn compound interest and earn more money over time as a passive income. 

Remember, stock market investments are high-risk, never invest blindly, setting automation is good but always keep checking your account time to time. Also always get an expert advice before starting an investment portfolio.

10. Passive Income From Google Adsense YouTube Channel :-

Making passive income is pretty much the first way through YouTube ads being displayed on your videos by Google Adsense.

Here you are creating YouTube videos that are going to be perpetually being watched day after day month after month, or year after year.

Yes of course, it can consume enough time to build a sufficient audience minimum 1k Subscribers to monetize your YouTube channel, but when you crossed that number you can make some substantial revenue from Google Adsense through advertisers.

 

Here you can find hundreds of youtubers who invest a few amount of money
fro creating the channel and purchasing the products to review and
converted it into millions of dollars using YouTube channel.
Now
they’ve hired many full-time employees for managing their backed work
and they have established a full time business round YouTube channel.

Key Features Of YouTube Channel Earnings:-

  • Here you can make YouTube Income without investment
  • YouTube is a social media platform, you can make money here but YouTube not responsible for your failure.
  • YouTube is a video sharing platform, so you can share any video file here but that should be your own and socially acceptable.
  • You can develop your brand using YouTube or you can become social identity as well.
  • You can utilize your knowledge, experience and hobbies on YouTube.
  • You also have some passive earning potential using affiliate marketing and collaborations.
  • The amount you can earn with YouTube will vary based upon the number of subscribers, engagement rate, average audience, and more. 
  • For ads, most YouTubers can expect around $0.01 to $0.03 per ad view. 
  • Many YouTubers also make money by soliciting donations through patrons.

YouTube becomes a passive income stream after some time which just keeps on giving. After YouTube monetization your channel becomes eligible for sponsor ads which can generate recurring income from your YouTube channel. 

 

The secret to developing a successful YouTube channel is to create content on a consistent basis and schedule for a long time. and that is all. If you can stick with it for a long time, you will definitely and eventually start reaping the passive income rewards for so long.

If you don’t know how to create a YouTube Channel check out our article, How to Create A YouTube Channel on PC as well as on mobile step by step guide.

11. Create An App & Make Passive Income:-

Building an app can be one of the best ways to make consistent passive income by investing just some money at first and then getting rewarded over time. 

 

Your app can be a game or such that helps mobile users to perform some difficult tasks. Once you publish your app, users download it free or on purchase and you can generate passive income.

Instead of hiring someone for it, developing your own IT skills hourly, you can turn your tech skills into a passive income venture by creating an app that people can download. 

 

You don’t have to spend anything for the app to be revolutionary or download it to make money… Angry Birds is a free-to-download smartphone game created in 2009 that earned approximately €272.3 million in 2020!

There are several ways available, you can quickly teach yourself various app coding languages and start creating your very own smartphone apps. Even if you are not tech savvy, you can still make money by creating an app. 

You can learn some basic coding (which is surprisingly interesting and useful), or even find someone with the relevant skills to build partnerships and split profits. Sure, there’s more money available if you do it alone, but if you come up with the next Fruit Ninja, you won’t mind sharing!

Key Features Of Building An App Income Stream:-

  • An app has a huge advantage, if you can design something that your audience will enjoy.
  • You have to consider how to generate sales from your app.
  • You may run in-app ads or otherwise charge users a nominal fee to download the app.
  • If your app gains popularity or you receive feedback, you will need to add incremental features to keep the app relevant and popular.
  • If you pay little or no money for the project, you have little financial problem here, so consider investing some.
  • It’s a crowded market and really successful apps must provide an attractive value or experience to the users.
  • You will also want to make sure that any data your app collects is in compliance with privacy laws, which vary around the world.
  • The popularity of apps can also be short-lived, so your cash flow may dry up faster than you expect.
  • You can monetize your app in a number of ways, including running in-app ads, offering pay walled content, and charging for premium features.

But remember that the App Store is flooded, so everything you create has to be excellent and desirable.
Even if you have hit upon a successful app building idea, it may still need to receive incremental development and improvement in order to remain relevant and popular.

You’ll need to decide how you want to monetize your app through an upfront fee, in-app ads, affiliate links inside the app, referrals, or even a monthly fee.

12. Passive Income From Real Estate Investment Trusts (REITs):-

There are many companies that give you the ability to invest in commercial and residential real estate projects without getting involved in day-to-day management, and these companies are commonly referred to as REITs.

REIT stands for Real Estate Investment Trust, which owns and manages real estate on behalf of a group of investors seeking to earn passive income. They hire a team to do the work and collect their regular distributions from real estate investment trusts.

 

REITs have established a special legal structure where they pay little or no corporate income tax when they pass on the majority of their income to their shareholders.

Key Features Of REITs Passive Income Streams:-

  • You can buy REITs from the stock market just like any other company or dividend stock.
  • The best REITs offer a dividend that grows regularly and can act as a passive income source in the future.
  • You’ll earn whatever the REIT pays as dividends, and the best REITs have a record of increasing their dividends on an annual basis, so you can have an increasing stream of dividends over time.
  • Like dividend stocks, individual REITs can be more risky than owning an ETF containing dozens of REIT shares. A fund offers instant diversification and is generally safer than buying individual stocks — and you’ll still get a decent payout.
  • You will need to analyze every business you can buy.
  • If you do not understand what the stock market is and how it works, then you may have to face huge losses. Like any other stock, the price can fluctuate a lot in the short term.
  • REIT dividends aren’t safe, even through tough economic times.
  • If the REIT doesn’t generate enough income, it must cut its dividend or liquidate it entirely. So your passive income may be affected when you want it the most.

To build your passive income stream from REITs, you must automatically keep reinvesting your dividend money to position yourself for higher returns.

Note:- This is a mature type of investment, which requires some knowledge and understanding about stock market, so try to learn and understand it as much as you can, don’t invest your hard earned money blindly .

13. Earn Passive Income From Your Designing Skills:-

If you have design skills, you can turn them into a money maker by selling items with your designs printed on them. Businesses like Teespring and Zazzle allow you to sell T-shirts, hats, mugs and more with your own design.

These websites serve to turn your designs into trendy T-shirts or a range of other products. With this business idea, all you need to do is develop the designs for the products, and the supplier will do the rest, giving you a share of the profit each time your designs are sold!

You can also benefit from your designing talent through Amazon With Amazon Merch, all you need to do is upload your designs, and Amazon will create the product, sell it, package it, and ship it too.

Key Features Of Graphic Designing Income Streams:-

  • You can start with your own design and see what interests the market, and expand from there.
  • You may be able to capitalize on a growing interest in a current event and design a shirt that captures the spirit of the time or at least takes on a sarcastic look.
  • And you can even set up your own web storefront through a site like Shopify to market your goods.
  • Printing partners allow you to ship items directly without investing in merchandise, avoiding one of the biggest risks of tying up your capital.
  • But you can get a better price if you invest in some of the inventory yourself.
  • You also can sell your print on demand products on Etsy Store.

You can print custom designs, and if your work captures the attention of users, you can get paid for your design while you sleep.

You can also create a YouTube channel to use affiliate marketing on other Print On Demand T-shirt products that you review, allowing you to monetize the products of other Print On Demand Products makers. 

 

14. Passive Income From Print-on-Demand Online Store:-

Online selling is one of the most popular ways to make “eCommerce” passive income online, and here you can use your graphic designing skills by creating an online store and displaying your own designs in it.

When you sell your design on third party sites such as Teespring, Zazzle, the downside is that margins on these sites are often very low. However, if you create that unique winning design, you will have to compete with other design vendors.

So, if you build your own store and list all your designs here, you have complete control over your store and you don’t need to compete with other sellers. Furthermore, you can determine the best mileage for your design as you wish.

Key Features Of POD Online Store:-

  • You’ll have to do some work creating art and researching what types of designs customers are buying today.
  • You can easily build a steady passive income source from print-on-demand graphic designs.
  • It is possible to outsource almost all permanent work, if you don’t have any designing skills’
  • It is possible to build an entire portfolio of graphic designs that no one wants, and you have to create something desirable.

One of my best recommendation for choosing an online sales platform is Shopify. The number one spot with the largest number of integrations and tools. So don’t hesitate to get started with Shopify right away! 

15. Passive Income From Writing & Selling An eBook

While, writing a blog and monetizing it is a great passive income idea, writing a book or eBook is a better example of passive income, as you only need to write it once!

Instead of writing a blog, spend some time sharing your creativity or expert knowledge by writing a book or eBook and selling it. Every time someone buys a copy, you’ll receive royalties, which can add up quickly if you hit the right track.

The royalty for a printed book ranges between 5-20% of the price of the book. E-books are even more profitable, paying royalties of around 25%, where audiobooks typically pay between 10-25%.

Obviously, you have to write a good book to earn a living from your writing. However, some sales can help you earn the extra money you need for an upcoming vacation or get you closer to your early retirement goals.

Sure, it’s an extremely competitive market. But if your writing chops are great, you could find yourself a fair share of the profits. By creating and marketing how-to e-books on popular niches, you can build a fan base of loyal readers.

Key Features of Writing and Selling eBooks.

  • Self publishing has become more the norm today than going through a traditional publisher. Check out Amazon for evidence or visit any blog offering free e-books to sign up for their newsletter.
  • In fact, when you buy an e-book from sites like Amazon, chances are you’ll pay for a self-published book.
  • Self-publishing is ridiculously easy. The barriers to entry for becoming a (self)published author are zero these days.
  • You can easily put your e-book up for sale on Amazon using the Kindle publishing tool.
  • It will require a lot of upfront marketing before you can turn it into a passive income stream to make money. But if you can get it to work, you’re well on your way to maximizing this passive income idea and building a solid residual income stream.
  • Amazon is the most competitive, so if you want to rank high in their search results, be sure to use best practices, including professional cover design (you don’t have to hire someone expensive) and lots of customer reviews.

If you are really ambitious, you can create a series of e-books or an in-depth guide on something that is not too broad and try to market your book on social media sites and Use services such as Twitter Ads (promote through their advertising network), Facebook Ads (target groups) or Google Ads.

Consider taking advantage of powerful content creation tools like Jarvis.ai to accelerate and upgrade the content you publish.

Jarvis.ai A new AI-powered content creation app designed to help marketers and entrepreneurs better connect with their audiences.

Instead of wasting time creating content for your message, Jarvis.ai will harness the power of artificial intelligence to create targeted, engaging messages for your brand in less than 60 seconds.

If you need quick ways to promote your product online without sacrificing quality, this is your tool!

16. Earn Passive Income From Drop-Shipping Business

Dropshipping is an easy way to establish yourself with an online store and make money with virtually no effort. Simply select the items you want to sell, and a supplier will make, store, package and ship them to your customers. You only need to focus on storefront and marketing.

Dropshipping is one of the most profitable and fast passive income sources out there on internet. With dropshipping, you can find trending products in the real market which you can then sell online to customers around the world. You can sell products in a variety of dropshipping niches, from fashion to home decor to beauty.

KeyFeatures Of Drop-Shipping Business

  • Easy to learn and start.
  • You need to investment very low amount of money and earn high profit margin.
  • you don’t have any
    money to invest in products.
  • you can sell stuff online without the
    products by displaying products images on your storefront.
  • You get retail price first from your customer then you buy product from your supplier at wholesale price.
  • In the drop-shipping your supplier directly ship your customer’s items to their homes.
  • Your product retail price is under your control.

The magic in dropshipping is that you create your own business and control how much you charge for the products. In fact, out of all the other passive income ideas on the given list, dropshipping is the one where you have the maximum control over your earnings.

To can start dropshipping today, just sign up for Shopify. Once you’ve created an online store, you can use certain product importing tools like Oberlo to find and import high quality products into your store.

Oberlo is a close alternative to a dropshipping store — but with a lot more input into product selection and quality control — than buying wholesale products to sell at your store.

Also using Oberlo Wholesale Marketplace you can connect with local, US-based suppliers, buy products at wholesale prices and sell them to your audience. You can combine this option with dropshipping by holding some products and dropshipping others.

17. Passive Income By Licensing Your Music

you’re a musician?, you can write and license your music anytime you want to get paid. When someone wants to use your track in their project they have to pay for it.

If you find your passion for creating audio, you can experiment with a wide range of different products, from intro and outro to full albums and mixing samples.

There are a few ways to make money by licensing your music, and it’s a great way to increase your income. If you have acquired some audio making skills, you should put them to work. An audio track can be as simple as a jingle or podcast intro.

  • Creating some audio tracks for other people to use is a great way to earn some extra cash, because people constantly want to brand themselves with the right sound.
  • The way to start is to move your work to a library that hosts content like Spotify, iTunes or Pandora. 
  • It can monetize your passion for making music and even get you noticed by a record label if the song recording is lucrative enough.
  • If you want to create complete songs and earn some passive income through royalties, you can license your tracks on platforms like SoundCloud and AudioSocket. All you have to do is research your audience and find out what kind of content is trending.

Here, you can easily & quickly start building your portfolio of tunes. Music is often licensed for video productions such as YouTube channel videos, Twitch, television commercials, and more.

With the increasing demand for YouTube videos and podcasts, there is a huge demand for music. People are ready to pay a lot to try their hand at the best songs.

18. Passive Income By Selling Stock Photos 

If you always have your camera on your hand and you’re famous for taking excellent photos, you can monetize this passion by selling your images to stock photography companies. 

 

Therefore, whenever someone buys your images through these stock image selling sites, you will get a share of the profits.

Key Features of Stock Images Selling Business…

  • While you could launch a site to sell your photos directly, consider submitting your photos to stock photo sites such as DepositPhotos, the website used by Young and The Invested for sourcing stock photo material.
  • The best stock images sites to sell your photos are Adobe Stock, Shutterstock, Alamy, etc. these are the most well-known sites.
  • After the initial time spent taking and uploading photos, you can receive regular royalty payments for years to come.
  • While being a photographer may sound like an active income business, it really isn’t. Photographers don’t make money just by taking photos. They sell them too.
  • Stock image sites, magazines and canvas printing for your clients are some of the ways you can make big bucks in the photography business. All you need is a good quality camera to get started, it can even be your smartphone camera.
  • Many stock image companies buy good quality photos taken on your smartphone, so this passive income idea doesn’t require any fancy equipment.

So now, you can also use your phone to take these photos and sell them on these sites to make passive income.

You can also take high quality product photos for sale to e-commerce businesses. For this you should get a good product photography course to learn everything about product photography.

But keep in mind that there is a lot of competition in the space from both amateur and professional photographers.

19. Passive Income by Hosting Airbnb

Now come to another passive income idea of the list that is Airbnb, the world’s number one home-sharing platform! While it won’t be suitable for everyone, if you have a spare room, vacation home, or any other ‘residence’, you may miss out on some impressive returns!

Key Features of Hosting Airbnb For Income

  • Airbnb is an online platform that connects people who want to rent their homes or unused space, with people who are looking for it in specific locations.
  • Airbnb and similar services have revolutionized where people stay while they travel. And it has opened doors to serious passive income.
  • Airbnb is a platform that provides an easy and stress-free way for people to earn some income from their property.
  • Guests often find that Airbnb is cheaper, has more character, and is more homely than hotels.
  • Here you don’t actually have to buy a new property for Airbnb to make passive income. You can also rent a room in your current home or apartment if you have spare room.
  • You can turn Airbnb on or off according to your preference. When you want to make some extra cash, you can rent your place. You can even rent out that spare bedroom.
  • Being an Airbnb host isn’t really passive. Sure, you already have a house or apartment. But you still have to act as part landowner, part maid, and maybe even cook some food for your guest.
  • You should be legally allowed to operate Airbnb from your property. Some cities, neighborhood associations, and home ownership groups forbid it. But if it’s legal, then Airbnb hosting might be perfect for you!

You can turn your home into a passive income source, simply by turning an empty room into a way to earn money while you sleep—by hosting bedtime guests! If you’ve been leaving your current location vacant for a while, consider renting it out.

If you have permanently vacant space in your home, consider renting it out to guests for a short period of time on Airbnb.

20. Passive Income from Airbnb Alternatives.

This is an alternative option of Airbnb, where you rent out your extra or unused space not for days but for months. If you have room in your garage or additional parking space, you can rent these together.

  • If you book space for an event, and you no longer absolutely need it, you should take a look at sites like ShareMySpace, where you can easily advertise your space.
  • Alternatively, you can offer uninsured office workers and professionals a great place to work comfortably. This way, your tenant gets a comfortable working environment, while you earn a decent passive income. So it’s absolutely a win-win situation for both.
  • That means you have hundreds of extra dollars in your account, and it also means that someone else lives in your house. Just make sure you both sign a formal rental agreement stating all the rules and regulations of the house, including who pays for utilities, and rules about guests, cleaning and sharing the refrigerator.
Letting strangers into your home comes with an unusual risk such as it could be for your tenants to sabotage or steal property from your home, or worse. However, if handled well with clear policies and guidelines, you can get paid and be on your way to earning passive income.

21. Use Passive Income Apps 

Passive income apps work exactly as they sound – you install them on your Smartphone and perform certain actions to earn money. 

 

Here your daily tasks can be simple daily activities like watching videos or turning a small financial investment into a passive income source. There are plenty of apps to start with to make better use of your mobile device and time.

Some good ones passive income apps are listed below.

  • Fundrise – Fundrise is a real estate investment platform that lets you invest in real estate projects, here you can start investing with an initial amount of $1,000. It also comes with the option to take quarterly dividends, which serve as your passive income.
  • Inbox-Dollars – InboxDollars offers cashback for doing activities that you might do anyway, like shopping, watching TV and searching the web. The cashback and $5 bonus is your passive income for signing up.
  • Dosh -Dosh is a free cash back app which gives us the option to link our debit and credit cards to its system. When we pay for something through these cards, we earn passive income or cashback. The fastest growing app that finds cash for consumers and helps businesses acquires and retains customers.

22. Passive Income From MLM Marketing

For those who are not familiar with it, MLM is a multi-level marketing program with residual income aspects.

 

In MLM programs, all members are encouraged to sell the company’s products. Of course, the participants get paid for it. But usually the big money comes from hiring others to sell those products under your account.

Key Features of MLM Business…

  • Each person you recruit pays you a percentage of their sales, as does each person they recruit. So you encourage those people to recruit others, etc.
  • Here you form a team in a multi-level – pyramid shape most of the time with several people at the bottom level and a few people at the top.
  • Those at the top of this food chain earn residual income in their “line” through those below them. The people above are not selling themselves yet they are earning from those below them.

Here you can convert your entrepreneurial spirit into passive income. But keep in mind that MLMs are very controversial. Most people get bogged down in buying multiple products in advance, and then try to sell it to their friends and family.

 

So don’t make this mistake and start with small products and then increase it over time.

23. Earn Passive Income From Instagram Sponsored Posts 

If you love Instagram as much as I do, you might want to turn your
scrolling time into posting time to help increase your passive income.

The
great thing about Instagram is that you can create a fan page for
literally anything. Whether you love travel, fashion, beauty, home
decor, or some really weird dog grooming…
…you will find a committed audience.

The secret to getting a ton of Instagram followers is to be consistent with the type of content you post.
So
make sure you stay in one place so that people who follow you can count
on you to deliver more content in the same way. Don’t forget to include your
email address to your Instagram bio.

As your account starts to grow, sponsored post requests will also allow you to earn money on Instagram. 

 

The more Instagram engagement your post gets, the more people will reach you, so be sure to create engaging content.

24. Earn Passive Income By Investing In Annuities

Annuities
are one way to address potential income shortfalls. An annuity to
consider is annuities with a guaranteed minimum income.

Another
annuity that may be of interest is an annuity contract that will
provide periodic payments to you, the investor, until death.

An
example would be providing monthly payments till you are alive or
lifetime annuities where the amount received each year depends on the
age of the annuitant.

  • These
    passive income ideas generate periodic regular income for as long as
    the annuity is annulated. Annuities are one of the best investments when
    looking at passive income considerations because they provide a
    guaranteed stream of income, which is often backed by an insurance
    company.
  • In
    addition the annuity contract will provide you with monthly payments
    until death which may be more than enough if your needs can fit within
    these payments. You can use an annuity to meet your income needs during
    retirement.
  • The
    risk of some annuities is that you’re stuck with a single amount, or
    they don’t keep track with the real rate of inflation, eating away at
    your money over time.

Annuities
can be expensive and force you to pay high administrative fees. In addition, it is
difficult to predict how long a person will live when purchasing an
annuity, so the initial cost may be too high for some people.
 

So consider all the facts and then make up your mind for this passive income idea.

25. Buy an Established Business For Passive Income 

In
business, cash is king. Apart from providing financial stability,
investing can help you meet your obligations, grow your business and
much more.

For
many businesses, the business itself provides a significant cash flow
or investment potential that can be invested back into the company or
used for personal means.

Not
every business needs to be very powerful or dynamic to provide a solid
investment return for the owner. In many business schools, students are
taught to be managers in existing companies and drive them to even
greater success.

These
professors suggest going the opposite route. Instead of starting out
with a large investment, start small by buying an existing business and
managing it for financial gain.

 

Established businesses, usually those that are already in operation and have a base of many loyal customers, present an opportunity to generate passive income.

If
done well, you can generate cash flow independently and either grow the
business or earn yourself a decent salary from your profits.

26. Passive Income By Becoming a Silent Business Partner

You
want to start a business but don’t have the time or expertise, you can
consider becoming a silent business partner. In other words, you invest
money in the company but do not invest your time in day-to-day
operations.

Therefore, you contribute financially as a passive partner and leave the day-to-day operations to your business partner.

So
as a passive business partner or as an investor, you will earn passive
income at regular percentage of profit, and your money will make money
for you without your active participation.

You
can find many websites on the internet that are looking for a silent
business partner to invest in their business. You do not need to think
about where and how to invest.

27. Passive Income By Selling Digital Files on Etsy

Many people have found a way to leverage Etsy to sell digital files people find useful. You can create an online profile on Etsy and set up your own shopping store and sell some of your digital creations to earn passive income.

This can mean the art you create such as budget worksheets, emergency contact sheets, cookbooks, and more. You can also partner with someone else to create more to promote or sell your content. These income ideas can serve as a great favor to improve your financial condition.

You can download millions of digital files from Etsy instantly. You can even make some useful merchandise to sell it on Etsy to earn big passive income.

There is no limit to how you can make money online and creating an online store through Etsy can be one such way.

28. Passive Income Through Selling Your Videos

If you always find yourself in the midst of drama and excitement, you might want to take out your phone and hit records. Doing so can help you make some passive income. 

 

Nowadays global statistics show that people are obsessed with video content, so you can find an audience for your movies as well.

You can sell that video to the news site. And if the video goes viral, you can earn some recurring money for weeks, months and sometimes even years. Of course, the easiest way to get in on the action is by being at public events such as protests, demonstrations and festivals.

Wherever there is controversy, you will get opportunities to sell your content. And if you are good at producing entertaining content, companies will pay you to create viral videos as well as a share on the total earnings.

29. Passive Income By Flipping Websites

Do you love building websites and online stores? If so, you can make passive income by selling them.

You’ll need to get your first few sales (to prove that your store is awesome). But if you have great design skills and create some content on your website, you may find someone who is willing to buy your store.

If you’re looking for a place to sell your website, you can try Shopify’s Exchange Marketplace. On the platform, you can sell your newly built online store or your upgraded six- or seven-figure store. This is the perfect platform for website flipping.





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