31 passive income ideas that really work
But that doesn't mean that passive income doesn't exist. Take a look at the list below and find out what options you have and which passive income ideas are really profitable and can provide you with a good regular income.
What is passive income?
Before we get into it, let's take a look at the definition."Passive income is a sum of money that is usually (but not always) received on a regular basis with little or no effort. »
How's it sound so far? It sure does. But keep in mind that no income, even passive, just comes in like that, you must ALWAYS work.
In the beginning, you have to do a lot to set up your passive income stream or/and you have to regularly invest at least sometime, effort, or money to maintain that income.
Don't be fooled by the illusion of doing nothing and receiving money. It's not going to work that way.
Earn money without too much effort with these brilliant passive income ideas
Now let's talk about the interesting part. Since there are many ways to generate current cash flow, I've structured the following passive income stream ideas a little bit to keep the big picture in mind.Get paid for your daily activities
That is probably the kind of passive income that most people have in mind and want to do. With these income opportunities, you do pretty much the same things you do and you get paid for it. It doesn't get any easier than that.The only downside is that you're not going to get rich from that. Depending on your level of activity, you can make a few hundred dollars a month. It's probably great extra pocket money, but you won't pay your rent.
Get paid to buy online
If you're like me, you buy a lot of things online, mainly on Amazon, believe it or not, but you can actually get money for it, websites like Ebates work in partnership with popular retailers, such as Walmart or Amazon, and offer you up to 10% off.
All you have to do is register with Ebates and click on the links provided to enter the store of your choice. That's all you have to do.
Super easy, definitely passive, and worth it. Even if you only shop online from time to time, you should check them out as they also offer discounts, such as up to 40% off at American Eagle.
Get Paid to Search the Web
Using platforms such as Swagbucks or InboxDollar is another very simple way to generate passive revenue without overdoing it. Every time you search the web using their search console (very similar to Google), you get paid.
And they offer even more: every time you get bored and play a proposed online game, you get paid, every time you read emails or shop online, the money comes back immediately. It doesn't get any easier.
Get paid to watch videos
Lazy Sunday night, all you want to do is watch TV? Head for Swagbucks. Why would I do that? Because every time you watch a video on their site, you get a cash discount. These videos usually range from news to sports to sponsored videos. Easy!
Get paid for shopping
Not only can you get a refund with online purchases, but also when you buy products locally. All you have to do is add what you want to buy in the Ibotta application, shop around and take a picture of your receipt, within 48 hours you will get a certain amount back in your Ibotta account.
There are more than 300 partner stores, for example, Walmart, 7-Eleven, Best Buy or Homeland, which allows you to choose from a wide range of products.
Get paid to walk and exercise
Walk your dog in the morning or run fast at night and get paid for it! Sounds crazy? But it does. Applications such as Sweatcoin or HealthyWage pay you for every step you take and every kilo of body fat you lose. This is not only great for your bank account but also for your health.
Getting paid to eat
Do you like to go out for dinner? If so, go ahead and download the Seated application. Every time you use the app to make a restaurant reservation, you'll receive a gift code from $15 to $50 for brands like Amazon, Starbucks or Lyft.
Get paid to use credit cards
Anyway, if you have to use a credit card for your purchases, why not use one that gives you a refund? Some credit cards give you 1-5% of the money you spent on them. It's as easy as that. You can get good terms with, for example, Chase Sapphire Preferred or Chase Freedom Unlimited.
Earn money without too much effort with these brilliant passive income ideas.
Create and sell things
This type of passive income requires you to invest a decent amount of time (and sometimes money) in the beginning.
Once you have defined your idea and it works well, you need little maintenance to keep it going.
Books or e-books
A very popular way to create passive income. Do your research and find out which niches are particularly fashionable at the moment and which subject has enough potential to sell well.Write the book yourself or have a content writer do it for you. Don't worry, it doesn't have to be the longest book ever. If you can get quality content on 30 pages, you'll get it too.
You can now publish it ( the direct publication Amazon Kindle is one of the easiest ways) and promote it on social networks or on some websites so that eBook authors can get good reviews. Once everything is set up, all you have to do is update the content frequently, if necessary, and promote it.
You will now earn money every time someone buys your book.
Audiobook
Since you've invested a lot of time in writing a book, why not make an audio copy of it too? You can either record it yourself or hire a freelancer to do the work for you.
As in the e-book industry, all you have to do is download it, for example on Amazon, and collect royalties every time someone buys it.
Print on Demand Products
T-shirts, mugs, mousepads... The list of products with personalized designs is very long. Do you want to follow the trend and make money with these too? All you have to do is upload your design to Amazon Merch and they take care of the production, packaging, and delivery.Or use sites like Café Press. Every time your design is sold, you earn royalties.
Online Courses
Are you an expert in a certain field? It can be blogs, photographs, investment banking or any other choice. If this is the case, you can create an online course that could be based on explanation videos or written text.
Upload it to platforms such as Udemy and launch your promotion. Once everything is set up, you will earn money for each course sold.
License your photos
If you have a talent and a passion for photography, why not sell your photos? Maybe you have impressive landscape photos or you specialize in portraits? Upload them to sites like Shutterstock and get paid every time people download them.
Application mobile
Do you have a good idea for a useful or fun application? It could be a game, a dating app, cooking or fitness app, a travel or money app, or anything else you can think of. The opportunities are almost endless.
Again, once you've created the app and your promotion has been sorted, it can be a lucrative source of passive income.
And don't be afraid in case you don't know how to develop an application. There are many talented freelancers who are happy to help you or you can use specific software like iBuildApp to easily do it yourself.
Online Marketing
Okay, online marketing is a huge field. Fortunately, there are also some ways to generate passive income online with marketing. Here are the most popular:
Affiliate marketing
In other words: you promote other people's products or services and receive a reward (usually a commission) if someone buys it as a result of your efforts.1- A popular way to use affiliate marketing is to use a blog. You recommend certain products to your readers and if they buy it after clicking on the link you provide, you get paid.
2- You don't need to have a blog to use affiliate marketing. You can also dedicate an entire website to affiliate products. Comparison websites are very popular and are a great way to generate passive revenue.
Think about article titles like "Top 5 Travel Cameras" or "Top 10 Smoothies Makers" or something like that. The opportunities are almost endless.
3- But affiliate marketing works even without a website. You can, for example, promote a product on Instagram and insert your affiliate link in your Instagram profile.
You can also promote items on Pinterest and link your pins directly to the retailer.
Advertisements
If you have an affiliate marketing website or blog, you can also use ads to generate additional revenue. There are several companies you can use, for example, Google Adsense or Mediavine. The more visitors you have, the more money you can earn.
Youtube videos
Another great way to generate passive revenue is to monetize YouTube videos. Anyway, if you are a Vlogger and regularly upload new videos or if they are already very popular on the platform, you can post ads before your video is posted and get paid for it.
Again, you have to have a lot of views to make a lot of money with that. But anyway, if you are active on YouTube, why not make a few extra dollars with it?
Blogging / Sites Web
Whatever list of passive income ideas you consider, I bet 98% of them consider "blogging" to be an excellent source of money. So let's see how you can monetize blogs or websites.
General Blogging
Classic. Starting a blog seems super easy but I can guarantee you that it's not. Especially at the beginning, you have to invest countless hours to get enough regular visitors to be able to monetize it.
However, there are many ways to generate revenue from a blog, as mentioned before, affiliate revenue and ads are very popular, or you can sell subscriptions to a private area where members can download documents or log in.
Once everything is up and running, it can bring you thousands and thousands of dollars a month. Discover blogging stars like Michelle from Making Sense of Cents and benefit from their expertise.
Additional Tip: If you don't want to invest the time it takes to create a new blog, you can also buy an existing one and "keep" it just for the sake of generating ongoing income.
Resell a blog
How about this: your blog is up and running and you can now sell it for a large amount of extra money. Or you buy a blog, improve it a bit, and then sell it again, making a profit. Once you become a small expert in your niche, you will be able to increase the value of a blog without too much difficulty.
This option may not be completely passive, however, it can be very profitable if done correctly. Check out websites such as Flippa to buy and sell blogs.
Resell a domain
In the same way, as you can resell a blog, you can also resell a. As there are a limited number of popular domain names available, you can make good extra money from them. The idea is to find out which names will be in high demand and buy them. You can then sell them immediately or wait a while until the name or niche trend reaches its peak.
However, you should do your homework and look for profitable niches so that you don't buy unnecessary domains. Once again, Flippa is an excellent platform for buying and selling domains.
Automated Business
There are more ways to generate high passive income at a very professional level. Check these out:
DropShipping
Never heard of drop-shipping? What you need to do is to create an online shop, for example with Shopify, and then sell products. You don't need to produce, own or stock these products yourself, but let the manufacturer or another retailer handle the logistics.
Once your shop is up and running, you don't need to spend all your time on it, you can concentrate solely on marketing.
If you want to know more about this and how to start your first dropshipping business, check out the related publication.
Outsource your business
Who says you have to start new businesses to earn passive income? Maybe you already have a going concern and can outsource most of the work? Books like Chris Ducker's Virtual Freedom will teach you how to find and train people for your business tasks. This gives you more freedom to do other things.
Investment
If you currently have money that you don't need, you can also invest it. This can make a lot of money in the long term without any work on your part. But keep in mind that any type of investment involves a certain level of risk.
Crowdfunded Real Estate
Who doesn't dream of buying a beautiful house or apartment, renting it, and making a lot of money with it (I can't be the only one!)? But since real estate is not cheap, most people can't afford this investment.
That's when crowdfunding comes into play. Discover platforms such as Fundrise or Realty shares, where your investments start at just $500 or $1,000, respectively.
Investing in crypto-money
Have you ever wondered if you should invest in Bitcoins? Well, I can't tell you whether you should or not. But there are actually a lot of people who have made a lot of money off of it.Definitely go see what other crypto-money exists and learn how to invest the right way.
Rent things
I know that the last section is nothing you do online. But they're still good passive income ideas, so maybe they can work for you too.
Rent a room
Do you have a spare part in your house or apartment? If so, why not rent it? It doesn't even have to be year-round. Maybe your place has popular seasons, like festivals or is a great place for the summer holidays? Rent it out for a few days a month and make easy money. Use platforms like Airbnb or EasyRoommate to find tenants.
Rent your car/motorbike
If you have a car or motorcycle that you don't use 7 days a week, you can also rent it. You'll be surprised how much money you can make from popular places. Use platforms such as HyreCar to match potential renters.
Renting tools
As you may have noticed, you can literally rent out everything you own that other people need from time to time. Tools are another great example. Do you have a drill, power saw, bike rack or pressure washer? Put it on websites such as Craigslist or RentMyItems and make money easily.
Rent a car for advertising space
And for all those who own a car and drive a lot with it, you can rent your car for advertising space. Get a random advertisement on it and drive as you usually do. Just beware of not paying anything in advance, as there are many scams in this area. Discover legitimate businesses such as Carvertise, Autowrapped or Pay me for Driving.
Is passive income possible? You bet!
Oh, what a list! It gives you lots of passive income ideas that you can test, some options only require you to download an application and use it to shop or watch videos, other methods require you to invest in something and still, others require you to do some work at first.
Go with what you feel most comfortable with. Even if you only earn $300 a month, that's $3,600 a year! It's certainly worth the effort.
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