Discover The 30 Best Ways To Make Passive Income!
You may have heard of the term ‘passive income’ a number of times in the past but have never actually uncovered its meaning.
There are two forms of income – passive and active. Active income is a source of money that is earned through working daily – putting in actual hours and being paid for them. Passive income, however, is a form of income that is generated through putting hours into setting up an income stream and then making money thereafter without having to work actively.
In this book, you’ll discover the 50 best ways to make passive income online today…
For example, writing an ebook and publishing it to Amazon’s Kindle store would bring in a passive income. You would be required to put in time actually writing the book to begin with, however once it’s written and published it’ll bring in money without you ever actually needing to work on it again.
Thankfully, ebooks are by no means the only way to earn passive income. There are a plethora of ways of earning and this book will list 50 of the best ways to earn passive income…
Investing. Investing using a site such as LendingClub allows newbie investors to earn interest rates of up to 10% per year. Investing in small companies just starting out will earn you a decent sum paid out in stock dividends for very little work.
Cash-back. If you’re already spending often using credit cards then you may as well earn money for doing exactly that! This is one of the best ways to make passive income because it doesn’t require any extra work. Using credit rewards cards will earn you points for spending just as you usually would. These points can be mounted up and exchanged for a range of rewards from gift cards to free hotel rooms.
Writing an ebook. Writing and publishing an ebook requires fairly low expertise and can be completed in a matter of months – weeks if you’re committed. So long as you can string together decent-sounding sentences in a logical fashion and are able to examine the marketplace to see what books are in demand you can certainly write an ebook of some sorts.
Courses. Education is a booming industry that generates billions of pounds yearly. Creating a course simply means putting together a compilation of information into a comprehensive guide. Courses can sell for thousands – just think of university courses and how much they charge annually! Udemy is a great platform for creating and publishing a
course – they even have a free course on how to create a course!
YouTube Videos. Creating content to publish to YouTube can attract a significant amount of attention and can then be monetised. Adding ads to your videos will allow you to earn money depending on the amount of views you receive without you needing to ever edit the video again.
Photos. Simply taking good-quality photos and uploading them to a site such as ShutterShock or iStock will earn you money long after they’ve been posted – every single time they are downloaded. 7. Lending money. Sites such a LendingClub allow you to lend money to those in need of it and charge interest for it.
App development. Learning to create an app through a system like Coursera can generate money for long periods of time after publishing. Even free apps can earn you money by you adding advertisements and being paid for every click. It’s one of the best free ways to make passive income online!
Selling domains. Buying a domain for a lower value, improving it and selling it on for more than you bought it for can earn you decent amounts of cash for very little work. You can buy sites for very little and improve them with next to no effort, increasing your site’s value for resale.
Blogging. Running an online blog can be a fun and exciting way to share your passions and interests with people who actually care, as well as bringing in a nice sum of money on the side. Affiliate links and Google AdSense will allow you to earn money every time somebody simply clicks an advertisement on your blog – simple.
Affiliate marketing. Tonnes of companies have affiliate programs through which you can apply to become an advertiser for their company. All you do is fill in your details and they’ll send you links to scatter throughout your blog/website. Each time somebody makes a purchase on a product following your link, you’ll be paid commission.
Writing articles. If you’re a skilled writer and don’t wish to set-up your own blog/website, writing articles for other companies will earn you money too. Companies will pay you a percentage of the revenue generated through your article without you having to do anymore work!
Songwriting. Perhaps you’re a talented musician or have an ear for music. Writing songs and publishing them could attract music producers wishing to take your track up and make something more out of it, paying you a decent chunk for the rights to your music.
Real estate. Purchasing properties, or even a smaller share of a property if you don’t have
much money to begin with, can earn you passive income too. Owning a property and renting it out can be a great way to earn by putting in very little active hours.
Create a clothing line. Using a company such as SpreadShirt to create a simple t-shirt design could allow you to setup your own clothing line and sell via your website for profit.
Promote other products and businesses through your site. Businesses will happily pay you to advertise their company through your website. Similar to affiliate marketing, promoting other businesses will earn you commissions depending on the amount of traffic you drive to them.
Tutoring. There are a tonne of options when it comes to tutoring – maths, english, riding a bike, playing the guitar, you name it. If it’s a skill, somebody will need a teacher. Use your skills to earn money without having to bore yourself with something that doesn’t interest you.
Dropshipping. Dropshipping involves setting up an online store and shipping purchased products to customers – with one catch. As a dropshipper you never actually handle the product. When a customer makes a purchase, you simply have the product shipped directly to them from another warehouse thus never having to deal with inve
Create something. Inventing a cool new product and selling it online is a great way to earn income. Once your product starts earning a decent amount of money, you can simply hire people to create it for you and watch your company grow from wherever in the world you wish.
Design a template. Designing a template for a website and selling it through various online stores can earn you a steady flow of passive income. Create a template in Photoshop and publish it online – that’s all the work you’ll need to put in.
Breeding. Simply purchasing rare animals and selling their babies is a great way to earn money with very little effort. I once met a man living in an eleven bedroom house just through selling English Mastiff puppies.
Design knitting patterns. Creating and selling patterns for knitting and embroidery on sites such as Etsy is a sure way to earn online. Explore the market, find out what styles are high in demand and simply supply that demand. 23. Essay writing. Sites like MyEssays allow you to write essays for students and be paid for it.
Twitch. Simply playing online games and recording entertaining videos of you doing so can earn you money. This may be done through sites such as YouTube and Twitch depending on your preference.
Earn for mundane tasks you already do. Yes, that’s right – you can earn money for simply searching online and playing games. Sites like Swagbucks and InboxDollars will pay you for doing almost anything online so take advantage of these opportunities!
Uber. Anybody can sign up to be an Uber driver and can fit their lifts in with their schedule. Being an Uber driver is super easy and is something you could do whenever you have some time to spare. Uber works just like taxi companies – people book a lift and pay to be taken somewhere. You will be the person taking them and will be paid a decent amount of money from Uber.
Selling products online. You can sell your own products on the internet through a blog, website or social media platform. This could be anything from handmade goods, t-shirt designs – you name it!
Website flipping. Buying websites for low prices and adding value is an easy way to earn online. Once you’ve improved the site by perhaps adding a newer design and maybe a few ads here and the, you can sell your site for more than it was initially worth making a nice profit for very little work. 29. Rent out your space through Airbnb. Airbnb allows you to rent out an unused space such as a holiday home or a spare room to those looking for a place to stay the night. There are
no requirements, just a decent place to sleep and a Airbnb account.
- Freelancing. Although typically not a passive way of earning, finding a contract through UpWork or Fiverr may get you paid commissions for your work in future.
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