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Best Passive Income Ideas: Make money while you sleep

Best Passive Income Ideas

Best Passive Income Ideas: With your permanent job you earn a steady income – and that’s a good thing. But deep down you know that you’ve always wanted more. More money, freedom and flexibility.

And so you finally decide that it is time to act. This article highlights 20 passive income ideas that can be used to passively earn money while keeping your full-time job.

With a little luck, you can get more than you ever dreamed of.

What is passive income?

Passive income means money that you earn without having to do a lot of “active” work.

Most of the work is done in advance: For example, if you create an online course, with a bit of luck you will generate income long after the launch.
You have probably heard the phrase “make money while you sleep” before. And that is precisely the greatest incentive that drives people to build passive income and thus secure financial freedom.

One way could be to create something (a blog, course, e-book, video, or online store) that generates income even when you are not working.

Or you could own an asset (real estate or stocks) that you can use to build passive income and eventually become financially independent.

20 ideas for passive income

1. Passive income without start-up capital – dropshipping

Dropshipping is one of the most profitable sources of residual income you will find online. If you go for dropshipping, you can use Oberlo to find trending products that you can easily sell online to the customers around the world.

Here you can sell products in a wide variety of niches, from fashion to home décor, beauty and many more.

The biggest magic of dropshipping is that you can build or start your own business and keep control of how much you can charge for your listed products.

Of all of the passive income ideas on our list, dropshipping is the one where you have the most control over your earnings.

You can still start with the dropshipping by you quickly and easily you by Shopify signing. In the Shopify App Store, find Oberlo to find great products to sell with just a few clicks.

2. Run a blog

Running a blog tends to be the most popular way people generate passive income without starting capital. Blogging has helped countless bloggers and entrepreneurs make passive income through affiliate links, courses, sponsored posts, products, book publications, and more.

However, it should also be mentioned that building a successful blog can require a lot of preparatory work.

However, it is still one of the most preferable ways of getting the audience through organic and social media traffic or by building an email list to tap into.

The significant benefit of blogging is that you can turn this central platform into several different sources of income.

This benefit makes running a blog one of the easiest ways to generate passive income.

Desirae Odjick, Founder of Half Banked, explains, “I started my blog to make talking about personal finance easier. As part of it, I tell many personal stories from my life. These stories often included mentions of the tools I used that I found helpful. So it was a natural transition to affiliate programs join the provider and integrate corresponding links into my content. ”

I’ve been dealing with the subject of personal finance on my blog for almost four years now.

These links are now generating a four-figure sum every month as people discover my articles and start getting their finances under control.

I really recommend these products because I use all of them myself without exception. So blogging is an excellent way to generate passive income, especially if you don’t (yet) have passive products to sell.

3. Create an online course

Online Selling courses are one of the best passive income ideas. We are still seeing massive growth in sales among online course authors.

It doesn’t matter whether you decide to take a course on your own website or on a platform like Udemyto sell – you will find customers who want to learn your insider tips and tricks.

If you have successfully built your own audience (see point 2), you can control how much passive income you earn by selling your course on your website.

However, you have to win the customers yourself. This will be a little easier if you sell on course platforms like Udemy.

A disadvantage here, however, is that your course can be greatly reduced at certain times. This, in turn, has an impact on how much residual income you will ultimately earn.

Sumit Bansal, founder of Trump Excel: “In 2013 I started a blog about Excel spreadsheets. I was learning a lot about spreadsheets at the time and thought this might be a great way to share my knowledge with others.

Within two years, my blog received more and more attention, culminating in more than 100,000 page views per month.

Then I decided to create an online course and see if people would be interested. And they did.

For a couple of months, I made a good extra income and then decided to do it full time and create more courses.

Since then the blog has grown a lot and I’ve been featured on many well-known sites and publications such as Problogger, YourStory, GlassDoor, CEO Magazine, etc. ”

4. Build a passive income with Instagram

If Instagram is your passion too, consider turning your scrolling time into posting time.

With a little luck, you can earn money passively and set the course for financial freedom. The best thing about Instagram is that you can create fan pages for all kinds of topics.

Whether you like to travel, fashion, beauty, home decor or something really weird like extravagant dog grooming, you will surely find an interested audience for it.

The key to having lots of followers is to be very consistent in the type of content posted.

So make sure to stick to one niche. So your followers can rest assured that you will continue to deliver content that they think is great.

Also, you should mention your email address in your Instagram bio. As your presence grows and slowly gains popularity, the first requests for sponsored posts will also come in, which is ultimately the lever for making money with Instagram.

The more Instagram likes to get your posts, the more people will contact you too. So make sure you are creating engaging content at all times.

5. Development of a print-on-demand shop

Print on Demand

E-commerce is also one of the most popular and easy ways to build passive income these days.

Therefore, the print-on-demand segment should not be missing from our list. Print-on-demand allows you to put your individual graphics on products like t-shirts, mugs, canvases, phone cases, bags and more and then sell them.

The best part is that you can create your own branded products. The only downside to this is that you need to be familiar with graphic design.

Because the margins here are often too thin to outsource the designs cost-effectively. However, if you create this unique and super-trendy winning design, your sales will skyrocket quickly.

Veronica Wong, the founder of Boba Love, shares how her love for bubble tea helped her earn a passive income without starting capital: “I’ve been drinking bubble tea for a long time. So it seemed like a perfect fit for me to combine my love of the drink, also known as “Boba”, with my love of design.

I started designing and selling bubble tea-themed apparel and accessories last year – and the trip has been amazing.

With Printful, which handles production, fulfilment and shipping, I can focus on marketing and building my brand. I’ve networked with Boba fans around the world and recently reached 25,000 followers on Instagram.

I am still at the beginning of my journey to more passive income. But Shopify and Printful make it very easy for me and I am absolutely optimistic! ”

You may like this- Earn $100 Daily Online – Open Your Online T-Shirt Store For Free

6. Develop an app 

Even if we only got to number 6 of our idea for passive income, you may have already noticed a trend: Creating things tends to lead to passive income.

If you’re a developer or programmer, apps could be a source of passive income for you. You can approach this in two ways.

First, you could charge a fee to people who want to buy your app. Second, you could offer your app for free and monetize it with ads.

My fiancé implemented this a few years ago and is still earning an extra income from his app to this day. He first acquired code from Code Canyon.

Then he used a tool called Eclipse and installed that android Development SDK to make changes to the code to create your own unique app.

7. Passive income with stocks

When you look at the richest people in the world, it’s almost safe to say that stocks have played a huge role in their financial success.

Warren Buffett reads 500 pages a day. But these are not the novels on the current bestseller list. No. He reads the annual reports of companies.

By reading annual reports every day, he will better understand whether a company is performing well or not. And that ultimately helps him make better decisions about his stock investments.

So while the act of investing in stocks is pretty passive, research into it is pretty active. Still, investing in stocks can help you earn a passive income that, with a little time and patience, can even exceed your regular income.

If you do everything right, you can even end your journey as a stock investor with financial freedom.

So consider this passive income idea if you’re interested in finance and enjoy reading about the performance of different companies.

But also keep in mind that this is a rather long-term approach.

8. Buying real estate

What is the best passive income? Many swear by the acquisition of real estate here. Depending on where and when you buy, real estate can be a great way to passively earn money.

In popular cities, the property value has risen steadily and sometimes rapidly to this day.

By buying condominiums before construction, you may find cheaper properties that will increase in value by the time it is completed.

In that case, you could sell the property for a profit immediately after completion. Of course, like any other investment, real estate involves risk.

Therefore, it is best to seek advice from a real estate agent before buying.

Shown Breyer, Owner of Breyer Home Buyers, says, “My friend, now wife, graduated from law school on a student loan of $ 173,000 with a fixed term of 15 years. As a result, our monthly payments were $ 1,459 a month.
Our goal was to cover our monthly payments to the university with income from rental properties. Our first decision was to buy a two-family house and live on one side and rent the other.

That alone saved us the $ 1,350 housing cost we had to pay before we bought it. Instead of using that money to make additional payments on the loan debt, we saved it and bought another two-family home two years later.

That purchase generated an additional $ 650 in monthly cash flow that we then invested in a third property.
The three properties brought us an additional $ 2,500 a month that we could invest in paying off our loan.

The great thing about this approach is that our tenants pay our university debts.

Should we one day lose our jobs or have a medical emergency, then we can only rely on the rental income to pay off the loan. ”

9. Passive income via Airbnb

AirBnb

If you have followed the strategy under point 8, you can also rent out your apartment or house on Airbnb.

What is interesting about this: You don’t have to buy a new property first to generate passive income with Airbnb.

You can also rent a room in your house or apartment. In addition, Airbnb has recently started offering the “Airbnb Experiences” service, which you can use to host events, meetups and tours in your city.

You can also earn some money with it on the side, even if it may not be real passive income.
Martin Dasko earns passive incomeMartin Dasko, founder of Studenomics, passively rents his apartment on Airbnb.

He explains: “I chose Airbnb when I first booked on the platform while visiting New York. I was enthusiastic about the concept and wanted to participate.

So I put my apartment up for rent and was surprised by the demand. I was able to charge $ 169 / night (in downtown Toronto).

The jackpot came when a company contacted me about sending a few employees to Toronto. They booked the apartment for the entire month. I didn’t have to worry about finding new guests.

The nice thing about Airbnb is that it can be turned on and off as you wish.

So if you want to make some extra money you can list your apartment for short-term rental on Airbnb. A guest room can also be rented out without any problems. ”

10. Your own website

The build your own website or brand can be a reliable source of passive income. Some people set up marketing agencies and outsource a lot of the work to freelancers.

Others, like some of the entrepreneurs on this list, create online courses to share their knowledge and educate others. You can also sell digital or physical products.

However, having your own website gives you more control over what you sell and how much money you make.

Software developer and owner of Flipped Coding, Militia McGregor makes passive income by helping people become web developers.

She says, “I have an online class that people pay for every month. This will teach you all the front-end development languages, and I add new material every month.

My biggest success with this course was when one of my students got his first job as a web developer.

When he contacted me and thanked me sincerely, it gave me a feeling of happiness that I had never experienced before.

This year I want to attract 200 students to my course and help them all get their first paid gig. ”

11. Passive income with affiliate marketing

Affiliate marketing is one of the most popular ways to generate residual income. The advantage of this is that almost every major brand has an affiliate partner program.

This is how you can sell some pretty popular products that can be used to make good money. The only real downside is that you only get a commission on the sale.

However, some programs like the Shopify Affiliate Program allow you to earn up to $ 2,000 per referral, which is astronomical.

Some online retailers, on the other hand, only distribute a measly referral bonus of 10%.

As such, make sure you research the best affiliate programs before you start to blog is usually the most cost-effective way to earn recurring affiliate commissions without having to spend money on advertising.

Sireesha Narumanchi, the founder of Crowdworknews.com, says, “I started blogging a little over two years ago, which has been an absolutely incredible journey so far.

As a content marketer, most of my income comes from affiliate programs and is completely passive. It wasn’t easy to reconcile my job and my business, but it was absolutely worth it.

I invest a lot of time in researching, designing and working on business strategies. But as soon as my content is finished, it always generates passive income.

The great joy of helping people and showing them that you can work from home and earn a decent income is my reward at the end of the day. ”

12. Videos: Best Passive income ideas

We live in an age where people are obsessed with content. If you’re constantly in the midst of drama and excitement, you may want to whip out your phone and hit record.

This can also be used to earn money passively. How is that supposed to work? For example, you can sell your videos to a news site.

And when the video takes off, you can passively earn money for weeks, months, and sometimes even years. The easiest way to capture exciting images is to attend public events such as protests, demonstrations, and festivals.

Wherever there is controversy, there are opportunities to sell your content.

Peter Kock, owner of Seller at Heart, shares how he made passive income with no seed money by uploading videos to popular websites: “I uploaded a few videos to Newsflare and Rumble.

When my content is purchased, 50% of all earnings are transferred to my personal account. My videos have been featured on MSN, AOL, Yahoo, Daily Mail, The Guardian etc. I’ve made over $ 4,000 with Newsflare so far and I’m still getting royalties on videos I uploaded a few years ago. ”

13. Selling websites- Best passive income ideas

Do you like building websites and online shops? If so, you could earn a passive income from selling them.

You will likely need to make some initial sales to prove that your shop is really working.

However, if you have good design skills and are building the content on your website, you can find people interested in buying your store.

One place you can sell your website to is Shopify’s Exchange Marketplace.

On the platform, you can offer your newly built online shop or an established shop with six or seven-digit sales. It’s the perfect platform for online shops of all sizes.

14. Company Stocks as Capital Accumulation Benefits

Yes, your normal job can also become a source of passive income. Of course, this is not about your daily working hours.

Large companies, however, often offer stock savings plans or other capital-building benefits that can generate significant passive income over time.

I used this method for passive income to pay the down payment for my apartment myself. And that only took two years, believe it or not.

Of course, you will have to invest some of your own money. But what then makes the difference is the portion your employer contributes.

So when you start a new job, be sure to ask about a company stock program as part of your hiring package.

15. YouTube videos- One of the best passive income ideas

Youtube Video

From sponsored videos to ad revenue, YouTube can grow in a variety of ways as a source of passive and recurring income.

The secret of a successful YouTube channel is to create consistent content over a long period of time. That’s actually it.

If you stick with it for the long term, you will eventually earn your laurels in passive income.

Matthew Ross, owner and COO of RIZKNOWS and The Slumber Yard, began his journey to passive income on YouTube: “As early as 2013, my business partner and I were very interested in wearable technologies (Garmin watches, Fitbit trackers, etc.).

We then decided to start a YouTube channel to rate these types of products.

We really had fun trying out the watches and thought that we could also earn a little advertising money with them.

In total, we invested about $ 5,000 in building the channel and purchasing the products to be rated.

At that time, the wearable technology niche was exploding and we were starting to make more money than we ever imagined.

In the meantime, my part-time job has developed into a full-fledged business.

We increased sales to over $ 2.5 million, added ten full-time employees, and recently relocated our headquarters to a new, state-of-the-art 650-square-foot office in Nevada.

Today our websites and YouTube channels together attract over four million visitors a month. ”

16. Sell your photos- Best passive income ideas

While photography may seem like an active business model, it really isn’t. Photographers don’t just make their living by taking pictures.

They also sell them. Stock photo websites, magazines, and client canvas printing are some of the ways you can make good money from your photography.

All you need now is a good camera. But these days you can take good photos even with your cell phone.

Jacob Hakobyan earns passive income with his photo business Shotlife Studio. He says: “After a solid commercial education and what some consider to be very secure office jobs, we saw the potential to achieve more.

Not financially, but more spiritually. As a trio of brother, sister and husband, we founded Shotlife Studio. We all had a shared passion for photography, with starting our own business giving us an added thrill.

With our commercial expertise, we were able to develop a clear strategy for the growth of the company and have managed to double our profit from year to year and generate an additional income in the five-digit range. ”

17. Acquisition for companies

Are you a seasoned marketer or seller? There are tons of companies out there that will pay you a commission for bringing them, new customers.

For example, real estate agents are always looking for people who want to find a new home.

Freelancers, DJs, photographers, and other solo preneurs are often willing to pay a referral bonus for new clients.

So if you enjoy helping others earn money, you can generate passive income yourself through your connections.

18. Write an e-book

E-books exploded in 2009 and 2010 and are still a very popular medium.

Although they became popular a few years ago, there are numerous authors who are still and consistently earning a good income from their works.

Granted, it’s a very competitive market. But if you have excellent writing skills, you can secure an attractive income.

By writing how-to guides in e-book format in popular niches or engaging novels, you could build a following of loyal readers.

Allie McCormick is a successful writer who has built a substantial passive income from her e-books.

She explains: “In 2016 when I was pregnant with my son, I started a little sideline writing for Amazon Kindle.

My goal was to earn $ 500 a month by the time I was born so I wouldn’t have to go back to my office job.

Even if I didn’t stop working immediately, 18 months later I had a six-figure passive income that made it easy for me to quit.

My greatest success? This business is still mainly based on auto-pilot. I work 1-2 hours a week and every now and then I take 3-4 weeks off while I’m still making very good money. ”

19. Sell your stuff

Have you always had the thought of finally clearing out your apartment? If so, then you might be able to turn your old things into cash.

We all have these boxes of things that we haven’t thought about in years. You can either keep them to show up as a message on a reality show at some point, or you can sell them to make some passive income.

You might have to look for something, but you probably have some things that are actually worth good money too.

So if you don’t really know where to start when it comes to passive income, your closet or basement could be your first port of call.

Nicholas Christensen, the founder of Lottery Critic, shares how he passively makes money selling old things from his family members. “I’m the eBay whisperer.

It all started when I volunteered to clear my older aunt’s house. Stuff from 60 years had to be sorted, disposed of, donated or sold.

Then I found a box with a huge doll in it. It turned out to be an antique Shirley Temple doll in perfect condition (as I found out on Google).

I did the research, sold the doll on eBay, and shared the proceeds with my cousin. The word got around to other family members and I already had a nice part-time job.

It’s still working, but the extra money is more than a nice side effect. ”

20. Selling digital products

Digital Products

Would you rather sell your own products than someone else’s? Then maybe you should look into digital products.

With Shopify, you can easily sell your digital products online.

Digital products can include anything from e-books, online courses, PDFs, custom graphic designs, stock photos, or other digital media.

Selling these products is the epitome of passive income as the whole process can be automated with instant downloads on Shopify.

The savvy couple Kelan and Brittany Kline, the duo behind The Savvy Couple, said: “Last month we opened a Shopify store with some digital products to sell to our readers.

Specifically, we developed The Budgeting Binder to help people organize their finances and encourage them to save.

Since its launch, our shop has earned us over $ 1,500 in sales and continues to grow every week.

Since all of our products are digital, this income is completely passive.

As long as we continue to guide readers to our shop and convert them, we will generate sales. ”

Conclusion- Best passive income ideas

Passive income can really help increase your income and fill the financial gaps that your full-time job alone cannot fill.

If you want to replace your regular income and then quit your job, the ideas for passive income presented here can help you along the way.

If you like your full-time job and don’t want to give it up, for now, that’s no problem either.

The work that goes into generating passive income is usually manageable.

Accordingly, both can be brought under one roof. Whether you want to open a dropshipping shop, set up your own agency, or create profitable content – you will find that there is money to be made in all of these areas.

All you have to do is get started.

Which of these passive income ideas spoke to you the most? What is your best passive income ideas.

Let me know in the comments.

You may also like this: Selling on Amazon – The Ultimate Guide To Start Online Store

Scott
the authorScott
I am a money-making ideas coach. I love reading, writing and training people for their livelihood. More than 5000 people passed out from my online money making ideas training session. Comment here to join me.

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