1. WRITING BLOG
The most popular source of passive income is blogging, also known as blogging. In fact, blogging has helped countless entrepreneurs get passive income through promotional links, courses, posts, sponsored products, etc.
Of course, you also have to put in a lot of effort for the first time to build a successful blog. Even so, it is one of the most sustainable ways to gain attention through leveraging social media or email collection.
The biggest benefit of blogging is that you can utilize it to diversify your revenue streams. So, if you are looking for a simple idea for passive income, blogging could be a great choice for you.
2. BUILD A COURSE
Selling online courses is one of the best ideas to build passive income this year.
If you create your own blog and attract a certain number of followers, then selling courses on your own website will help you manage your income, and finding clients is also completely up to you.
3. SPONSORED POSTS ON INSTAGRAM
If you also love Instagram, you may want to turn your regular leisure time into posting time that can add up to your passive income quickly.
The best thing about Instagram is that you can really create fan pages for anything, depending on your interests, from travel, fashion, furniture, beauty, or even special things like How to take care of your pet's fur...
The secret to getting a lot of followers on Instagram is to be consistent about the content of your posts, so that people can trust your ability to deliver similar content.
And don't forget to add your email address to your Instagram profile. As your account starts to grow, you will get some offers for sponsored posts, and that's how you can monetize Instagram. You should strive to create engaging content, because the higher the engagement on your posts, the more people will know about you.
4. OPEN AN ONLINE STORE PRINTING ON DEMAND
As e-commerce becomes one of the most popular ways to earn extra passive income, on-demand printing becomes even more worthwhile.
This job allows you to sell graphic products for t-shirts, clothes, mugs, bags, phone cases, etc. Best of all, you can even build a brand of your products.
The only downside to this job is that you need to be knowledgeable and fluent in graphic design, because sales of conventional products are too small to pay for outside designs. However, if you have really unique designs, then your income will increase very quickly.
Besides, your revenue at this job will be very difficult to influence because you will not have to compete with anyone but yourself.
5. SECURITIES INVESTMENT
If you look at the richest people in the world, it's not hard to say that stocks have played a huge part in their "endless" bank accounts. While investing in the stock market may sound quite passive, you can be active in researching it.
Warren Buffett reads 500 pages a day, but he doesn't read the novels you normally read, but instead, the annual business reports. By reading reports every day, he can better understand whether a business is doing well or not, and from there consider the possibilities for investing in stocks.
The passive income that comes from stock investing can be a lot bigger than the income you get from regular office jobs. So consider this job if you are someone who likes to read about the business situation of different businesses.
6. REAL ESTATE INVESTMENT
Depending on when and where you buy, real estate is also a good way to generate passive income. With the purchase of a few units before construction begins, you can find some real estate investments that are low-cost but add up quickly by the time of final construction, and allow you to sell it for a complete profit upon completion.
Like any other investment, this job can be a bit risky. Therefore, if you are a beginner, look to real estate businesses to support and advise you in the investment process.
7. BUILD YOUR OWN WEBSITE
Building a website can be said to be one of the most reliable sources of passive income. Some have set up internet marketing services and hired more freelancers to get the job done there. Others, like some of the entrepreneurs we know on this list, decided to create online courses to share their knowledge. Or you can also use the internet to sell anything you want.
However, setting up a separate website will help you control the products as well as the income you earn. This is one of the best ways to generate passive income for beginners, because there are countless useful tools that can assist you in building a website (no programming required).
You can develop your website design through creating a theme, designing a logo, using some beautiful skins, etc. Remember, your success is in your own hands, and keep trying. Try to take your brand wherever you want.
8. AFFILIATE MARKETING
* Affiliate Marketing: is a marketing model in which you (the affiliate with) will help promote products and receive "commissions" from brands after each order for that product.
Currently, affiliate marketing is one of the best opportunities to get passive income. One advantage of this job is that almost all the big brands have affiliate programs, so you can sell a lot of popular products and profit from it.
The only downside you may face is that you only get a portion of the “commission” from the sale. So make sure you do your research to find the best affiliate marketing program before you get started.
It can be said that blogging is often the most economical way to do affiliate marketing without having to spend money on advertising services.
9. SELL VIDEOS
If you feel like you're always overflowing with excitement and excitement, then you might want to take out your phone and capture those moments.
At the same time, this can also help you generate passive income. The latest figures on video marketing have shown that everyone is becoming obsessed with delivering content through videos, so you too can start looking for audiences for your videos.
Why is that? Because you can sell your videos to another website or platform.
And if your videos are successful, you can earn extra recurring income for weeks, months, or even years.
Of course, the best way to do this is to appear at public events like protests, festivals, etc.
If you are good at creating entertaining content, companies will pay you to help them create viral videos, and will also be willing to give you a share of the revenue from the videos.
10. SELL AND EXCHANGE WEBSITE
Are you interested in building websites or online stores? If so, you can also generate passive income from selling them.
Of course, you'll probably need to make some sales, at least initially (to prove your store can work). But if you have the ability to design and build good content for your website, you can still find customers who are willing to spend money to buy your store.
If you are looking for a place to sell your websites, then you can try Shopify's Exchange Marketplace. At this platform, you can sell a newly opened online store, or even a large store worth hundreds of thousands or millions of dollars. This is really a great platform for selling and exchanging websites.
11. STOCKS OF THE COMPANY
Yes, a regular office job can also become an attractive source of passive income. But certainly not from your working time. Instead, the company's stock or any suitable retirement plan can provide you with a pretty good source of passive income.
If you're starting an office job, don't forget to ask about company stock as part of the hiring process. You'll have to thank me later.
12. CREATE VIDEOS ON YOUTUBE
Currently, Youtube is a passive income source that is working extremely well. From sponsored videos to ad revenue, you'll find that it's completely possible to earn extra recurring income from a YouTube channel.
The secret to creating a successful YouTube channel is to post videos on a specific schedule over a long period of time. That's all. And if you persist in doing this, after a while, you will be able to earn the passive income you want.
13. SELL PHOTOS YOU HAVE TAKEN
Being a photographer may seem like an active income generating business, but it is not. Photographers not only make money from taking pictures, but also from selling the photos they have taken.
Sites that provide photos, magazines, or canvas prints for customers are one of the ways that can help you make big profits from your photography business. A good camera is all you need to get started.
But now, you can even use your phone to take pictures and sell them for an extra source of passive income. You can also take high-quality product photos and market them to e-commerce businesses. All you need is a good course in commercial photography, a smartphone, and some inspiration to get started.
14. ATTRACTING CUSTOMERS FOR BUSINESSES
Are you a marketing professional or a skilled sales professional? If so, then there are countless businesses willing to pay you to help them refer and attract more customers.
Real estate businesses are always looking for ways to help people find their ideal home. Freelancers, DJs, photographers, and other independent business guests, too, are happy to pay if you can help them find a client who agrees to sign the contract.
So, if you enjoy helping others make more money, you can also leverage your relationships to generate passive income, perhaps with just a few emails or texts.
15. WRITE EBOOK (EBOOK)
E-books began to appear in the years 2009-2010, and to this day are still a popular means of content transmission. Although eBooks have only been widely available for a few years, there are still many people who can make extra passive income from it.
Sure, it's a very competitive market, but if your pen is excellent, you can make a good profit out of it.
By writing ebooks about popular niches and marketing them, you can even attract and build yourself a community of loyal readers.
16. SELL THE ITEMS THAT YOU HAVE
Looking to follow Marie Kondo's advice and start redecorating your home? Well, then you might want to turn this cleaning into a steady source of income. We all have boxes full of stuff we haven't thought of for years.
You may have to search a lot, but then you will realize that you really have extremely valuable items.
And if you don't know where to start, your wardrobe could be a good choice.
17. SELL ELECTRONIC PRODUCTS
If you want to create your own products instead of selling other people's products, then you can try creating electronic products.
You can open an online store on Shopify to sell all kinds of electronic products such as ebooks, online courses, graphic design,...
This can be said to be a good example of passive income, because the whole process can be automated on Shopify.
18. SOFTWARE DESIGN
If you are a programmer or a software developer, you can try to design your own software and earn huge income from it.
There are 2 ways you can do this. First, you can charge people who want to buy your software. Or you can design a free software and make extra profit from running ads.
19. PEER-TO-PEER LENDING
Peer-to-peer lending (P2P) is an investment form that combines directly between borrowers and lenders through online lending platforms. The lender here is called an investor, they give an investment amount to the borrower to enjoy a fixed rate of return, for a fixed time.
20. USE PASSIVE INCOME SOFTWARE
These softwares works as the name implies. You just need to install the software on your phone and perform a few actions, which can be as simple as everyday activities like watching videos, to turn a small investment into a steady stream of passive income. There are many software that you can start using, some of which include the following:
Fundrise: Fundrise allows you to invest in real estate projects with a minimum initial investment of $1,000. When using the application, you will receive a quarterly share of profits, and that is also your passive income source.
- InboxDollars: InboxDollars offers cashback for activities you normally do like shopping, watching TV, or using the web. Cashback and 5% signup bonus is your passive income source.
- Dosh: Dosh allows you to connect debit and credit cards to the software's system. Every time you use those tokens for payouts and payments, you will receive passive income in the form of cashback.
* cashback: is a form of incentive that when customers make purchases and use credit cards to pay, they will be refunded a part of the money directly to the card based on the invoice value.
21. CREATE RECORDS (AUDIO TRACK)
If you have some skills in recording, then why not turn it into an income generating business? The generated recordings can be as simple as a bell or a podcast intro. It can be said that making recordings for people to use is a good way to earn extra money, because people are constantly looking for the right sounds that can help build their brand.
You can upload recordings on platforms like SoundCloud or Audiosocket if you want to create a complete song and profit from royalties. All you need to do is research your audience and current trends.
From there, you can quickly build a "portfolio" of your tunes. And you never know - this could actually turn into something much bigger.
If you're passionate about making recordings, you can experiment with a wide variety of productions, from the intro and ending to the entire album, or maybe just a few parts integrated with each other.
22. RENT SPACES THAT YOU DON'T USE
Space is an incredibly valuable "commodity" that most of us don't have enough of. And if you're only using part of your warehouse, or have empty spaces in your house, there are plenty of ways for you to earn extra income from those spaces. For example, you can rent out storage space on sites like Neighbor (.com), helping people find space to store their things.
If you have space in your garage or even other parking areas, you can rent them out at the same time. Or if you just need a temporary space to hold an event, try looking at sites like Share MySpace, where you can advertise available space to anyone who needs it.
Alternatively, you can provide non-office workers or professionals with a comfortable working environment thanks to the space you have. This way, you can both generate passive income, but also the tenants of your space have a good working environment. So, both sides benefit, right?
23. BUSINESS BY DROPSHIPPING
*Dropshipping: is a retail fulfillment method where a store does not keep the products sold in its inventory. Instead, when a store sells a specific product, they buy the product from a 3rd party and ship it directly to the customer.
Dropshipping is one of the most profitable passive income sources you can find on the internet. With this business model, you can find products that stand out in the market in Oberlo and sell them to customers around the world. The types of goods that you can sell are also extremely diverse: from fashion, furniture, to beauty products…
The best thing about Dropshipping is that you can own your business and manage pricing for products. In fact, of all the ideas on this list, dropshipping is the one with which you can manage your income the best.
If you want to start this business, you can sign up for an account on Shopify. And after opening an online store, you can search for the right products at Oberlo.
SOURCE: Entrepreneur Mindset