Thinking about passive income ideas lately? And how it can help you and your family You’ve heard about how good having a passive income but have absolutely no idea where to start. Or, you thought that passive income consists of large investments only?
Well, you’re in the right place. Let me show you how I make money through a passive income plus 9 more. But first a brief overview of what exactly it is and how passive income streams can make a huge difference in your lives.
What is passive income?
one passive income definition is that it’s an income stream from any kind of property income, and or limited partnership. One of the simplest ways to explain this is an income you get from work that has minimal effort and or money you get continuously after working in a period of time.
That’s why many would want to have passive income aside from their Linear active income where they usually get their regular income and stops when they stop working.
A smart person who thinks about his future would definitely look for a passive income to help his family and have a stable income for life. That’s the reason you are here.
But before I start let me tell you that most of these passive income ideas require work at the beginning or effort to build a good passive income. Take note that not everything on this list fits everyone.
You must find the one that you are very much interested in and you have the skill to start with it. Or get a crash course if you think you need more information.
So, Let me tell you about the ways how you could have a passive income. And, Let me show you how I started mine with no experience
Passive Income Ideas you must try this year:
1. POD or Print on demand-
This is one of the best
The only thing you do is to find a design or create your own design, Find a company that Prints them on shirts, caps and other products. And they will do the rest. The rest means finding the right shirt, printing it and delivering or sending it to end customers.
This may sound pretty simple but you must dedicate yourself with this. But once you get the hang of it and find the right niche to the right market. Boom goes the cannon.
Many youngsters are very much into now these days because of the minimum investment. You just need to start a Shopify store, Market it on a social networking site of your choice and there.
2. Start a blog
I know I sound like an old record player but it’s because I blog for a living and it wasn’t like this couple of year ago. It wasn’t even my first plan. I was just thinking of blogging to relieve my stress and then maybe, just maybe I could monetize it somehow. But then tadaaaa! It started a passive income
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So, that’s the reason why I always tell my friends that anything is possible. Blogging is one of the easiest ways to create a passive income.
This I have to say may need some effort in the beginning and then to never give up when things seem to be slow or so far from your goal. This is the stage where most bloggers give up.
Remember that we are all different and every blogger has it’s own timeline. So not comparing yourself to other bloggers is one of the best tips you could ever have. Some may see earnings in a year, some maybe in just few months. So you better start right and asap.
Start writing about your passion. Or just about anything that could help other people with all the information you are sharing. I have this post on how to start a profitable blog and make money in no time.
And let me guide you. In the beginning, you could earn extra cash with your blog through ads like media.net or Google Adsense. And affiliate marketing which I will discuss next.
3. Promote other people’s products through Affiliate marketing.
This is a good passive income idea that can be done with or without blogging. Affiliate marketing simply means a product or service you could offer to people. And you get commissions for doing so. Either per sale, per click, per email etc.
For those who are not into blogging, this passive income idea is a fast way to make money asap. But money won’t start rolling unless you start sharing this through social sites like facebook, twitter, Instagram, Pinterest. And of course your own site or blogging.
There are many affiliate companies that are legit and pays from $5 up to$ 75 per commission and even higher. And another good thing about affiliate is that there are many services that need annual renewal. And when those people renew you still get a commission every time they renew their contract.
Here are some good affiliate companies you can try:
4. Be a graphic designer
Being a graphic designer doesn’t necessarily mean starting like a pro. Everybody starts at the bottom. I’ve mentioned this to my previous post that it’s a lucrative career if you know where to start.
You can easily begin with designing company logos and offer your service with some freelancing sites or design digital products like WordPress themes and sell them on companies like creative studio.
Once you set up all your designs. Which may take some time depending on you. You’ll start to receive sales from all of your designs. It’s a good way to set and forget. ALthough you don’t necessarily forget. You can upload new designs every now and then to increase your earnings each month.
5. Sell your own photos.
How can you possibly go wrong with this if you are a passionate photographer? That even your mobile photos look amazing., And I mentioned this kind of work countless times in my posts. Because it is indeed a legitimate way to make money and another passive income idea.
You can go freelance and also you can sell your photos with stock photo sites. Take note that even though these sites have lots of pictures. They all need one thing. “NEW” Pictures every day. Why? They need to rank and they need new people to see fresh images every time. That’s why they have a large market which giving every photographer a chance to earn more from them.
You can send to these companies like Freepik, Shutterstock, Getty and so much more. The more companies you send the more passive income you can make. Just make sure to read TOS of each company.
Some companies may not want you to have similar images uploaded with other similar sites. Oh! and another thing, You can even start selling your own feet pictures with these stock photo sites. I just recently learned that many are making some serious money selling their feet pics.
Related Articles that can help you create a passive income through your photos:
Awesome sites and apps to sell your photos.
How to sell feet pics and make extra cash fast
How to make money with F
6. Write an Ebook
I must say that we are all readers. And people love all sorts of books. Just thinking about that makes you feel how big the market is. Because it is indeed huge. So if you love writing. Never miss this opportunity and create a passive income that you sure love to do.
If you think that professional writers are the only ones that can make a good income out of this. You’re making a huge mistake. There are actually ebooks that are short and simple yet making tons of money.
Even if the book costs only $3. Some people need crash courses on skills and other stuff. Information that needs only 7-10 pages. It really depends.
If you think you are pro or a noob writer who can write amazing stories, a mom who have so much parenting experience, a student who got out of debt, You should give this a try.
7. Write a course
Okay before you skip this (because you think these are for professionals only) Let me tell you that writing an online course
Not all courses are those you can find in school. There are online courses like how to get massive traffic to your site or blog. How to create amazing
Courses can be made written or video. You can sell your courses through companies like Udemy, Teachable, and Clickbank
8. Be an Airbnb Host
A lot of people are making a killing with this passive income idea. And at the same time a lot of people have no idea that their extra room can bring a a passive income.
Some people think that the only thing you can make more money with Airbnb is if you have a house or a unit that you barely use, or you invest on Airbnb by buying a place that you could host on Airbnb.
If you have an extra room at home, Why not make a good amount of money from it. You just need to make this room clean, cozy and little extra homey feels wouldn’t hurt. Take very good pictures of it and list it on Airbnb.
There are many people who always look for a place to stay for a short time for various reasons. Like for business meetings, vacation, events and more. If you want to know more about how you can start making money with Airbnb you can start here.
9. Start a Drop shipping business
This is indeed a very lucrative business. With the right knowledge and
it is where a retailer sells a product through an online store but not really having those products on hand. These retailers act as a middle man. He then transfers orders to the wholesaler or manufacturers. Who now has the responsibility to ship the goods to the customer.
So, All you have to do is look for a trusted wholesaler or manufacturer then start an e-commerce store like the ones from Shopify. Then market your product in the most effective way you can like Facebook, Instagram, etc. Then
10. Become a You Tuber.
Who doesn’t know you tube? What people doesn’t know that these Vloggers are making serious money with you tube. How does one can make money with you tube?
It’s pretty easy. But, needs some patience and good strategy. You need to create an account/channel on you tube. And start uploading awesome videos.
When you say awesome it does not mean everything should be extreme or too much. Remember that everyone has something they want to see or watch. It could be a product review, a makeup tutorial, some short lessons, recipes, etc.
These channels can be monetized with how many views you make. So if you’re videos are more than good it can go viral. The best part are your videos are there to stay so the passive income starts when you’re views start rising.
Final thoughts:
Every passive income idea on this list may or may not fit you. And this list shows you that you can either have a passive income online or offline. But one thing’s for sure if you really are determined and passionate about what you do
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Nothing is impossible.
My tip: whatever passive income idea you’d like to start. Remember to do
