Start making money with the best passive income ideas from the list given below.
Passive Income Ideas
How to start making Passive Income?
We all want to make money on the side that we don’t have to spend much time and money on. Isn’t that cool having more than one way to earn money?
More passive income streams will help you cater to your needs easily.
You can plan extra on your weekend, holidays and live the life of your dreams.
Sometimes, it requires a small investment in a particular idea or project that you have to build for months or years.
But I have picked some of the best passive income ideas.
Here is a compilation of the 20 best Passive Income Ideas that is sufficient enough to build money-making streams
The best passive income ideas make crazy money, from taking care of your daily expenses to building your online money-making profession.
Blogging is generally a written work of an individual or organization to engage with the audience in a more professional way providing them with relevant content.
It allows you to have your own identity in the online world, sharing what you love putting informative content for the general audience.
Since its inception, it has gained much popularity and offers millions of internet user’s opportunities.
The potential it has is beyond comprehension, and also you have multiple ways to monetize your blog.
Have you been thinking of starting a blog?
If yes, then you must come up with the idea that you love the most that could be anything.
Let’s say you want to write about blogging, SEO, marketing, and ways to monetize a blog.
Similarly, Finance, savings, news blog, food blog, and the list go on and on.
Choosing a niche that you can work on makes it more profound that any reader across your blog should relate to it.
Updating it with new content that has to be purely written by you and helping Google love your content.
How can you start a blog?
You don’t have to be an expert in a coding language to start one; you have to put things together to start it’s so simple.
It requires a CMS Content management system that makes it easy for you to put your hard work on the web, and I would suggest you go with WordPress.
WordPress is the most popular CMS that has powered over 30% of the web content, and it is very easy to use.
Its drag and drop function makes it easier and anyone can easily get started with it.
The other two vital parts is as essential as obtaining CMS a Domain and a Hosting.
You can see everything is making sense; a domain is a web address to send your visitors to see your content.
You can buy a domain it’s very cheap from Godaddy or Namecheap.
You require hosting to put all your content; several companies offer to host to be very clear not to go with that provider.
Godaddy is not recommended; yes, you can buy a domain but hosting not at all.
If you have a long-term plan to be in this field, I recommend buying hosting from Bluehost.
It is more reliable, worthy, affordable, and has great customer support.
With Bluehost, you can start as low as $3.95/month and a domain free for one year.
Select Your Hosting Plan, fill up the required information and choose your package for 36 months.
It saves you a lot on hosting.
2. Affiliate Marketing
Interested in making money by suggesting other people’s products can be a great way to make money.
It requires you to have a blog well; there are many ways you can start affiliate marketing recommending templates, themes, products, and services.
You have to solve problems providing the audience a solution that they find themselves stuck in.
Simply putting a product or service and waiting for people to click on your link and buy your stuff does not make any sense.
Let’s take an example of Amazon products; you have placed links on your website to redirect to the Amazon website.
Providing a link is not sufficient at all.
You have to make it more unique and provide a set of written work that will help bring your audience to a conclusion, like “10 Best Smart Phones of 2021,” a list post that is sufficient to make that person go through and decide.
Affiliate Marketing is a process of recommending someone’s product and services for a small percentage of commission that you make on every potential purchase of product or service you send to the merchant’s website.
Let me make it simpler for you guys; we can further divide it into three categories.
- Manufacturer or merchants
- Affiliate Network
A manufacturer who generally produces the product is the maker who designs and makes it ready to sell in the market.
The producer who has products in bulk to sale their products they sign up with different affiliate network.
A Publisher can sign up with an affiliate network and choose the products they want to promote.
There are multiple affiliate networks that allows you to sign and promote their products.
It is one of the profitable business ideas that has become popular in the recent few years.
If you are thinking of starting a dropshipping business to build an extra money-making stream, it is better to start planning.
Since the Ecommerce Industry took over, dropshipping and other businesses are seeing massive growth.
In this method, you only require to have a platform( Site ).
Whenever anyone orders any product, it is automatically transferred to the supplier they pack and deliver the products to the customer.
The supplier handles the shipping and Inventory, and you only have to promote your business to the maximum to make sure you make more profit.
Shopify has been at the forefront of this dropshipping occupation, and they have nearly everything that makes it super easy and profits with them.
Nearly every retail giant offers dropshipping with little integration, and Add on it makes it easy to run.
The most popular being WordPress, and with the integration of Woocommerce, both create a wonderful combination to get going.
Remember to do thorough product research and filter every possible medium to come up with the best collection.
You can start with dropshipping at a low upfront cost.
4. Print on Demand
Many of you must have heard about the Print on Demand business module. If not, then this can be your next idea to start making money.
For many, it is one of the lucrative ways to sell your custom-made designs and make money.
It is a method of selling your custom-made audience items like shirts, phone cases, and other household items.
Selecting a niche is necessary to determine what you will sell your products and likely help you include some more items.
To contribute more, take the help of search engines and look out for trendy things on social media to authenticate your idea.
When someone places an order, your print-on-demand supplier will print the item, pack and dispatch the item.
Many suppliers also have their plugin that you can easily install on your site.
It is very easy to start with a low start-up cost, and there is no need to buy and store your Inventory.
There are many items that you can include T-shirts, hoodies, hats, cushions, pillows, mugs, and others you can add later on as well.
5. Earn typing names
Naming a company or business can sometimes be time taking.
It’s also the most crucial part of forming a start-up or business.
Starting a business without a name is quite impossible to comprehend.
It is a work-related naming contest that businesses and companies to get a smart, attractive name they pay an individual to come up with something unique and brandable.
A name that serves the purpose of the trade, precise, and something that exactly matches their work ethics and commitment.
To be descriptive, avoid using common names like “Morgan sales and services” is very used to “Morganx” is dynamic and easy to remember.
Also, you can combine two words and creatively use them, something that can draw attention.
Try to keep it simple and attractive.
Squadhelp is an online platform with a community of freelancers who participate in naming contests and making money.
6. Selling Crafts
Have you ever knitted a sweater or looking for trinkets in the local bazaar.
It can be a good option to make money selling crafts online.
The Crafts has grown into a thriving industry.
If you can make some beautiful crafts that are enough to gather people’s attention, this can be a great way to earn some extra money.
You have the option to start from social media networks, third-party sites to having your own crafts website.
7. Amazon FBA
Amazon is the largest online retailer, has also provided an opportunity for anyone to start selling online.
If you are an individual seller or want to take it to another level with some unique features, you can scale it accordingly.
The Amazon program fulfills Amazon FBA; this is a process where you can easily store your products on Amazon warehouse; they will receive the order pack and dispatch it to your customers.
Everything is automated; you can sit at home and keep an eye on your Inventory, orders, and delivery.
How this works, you have to send your products to Amazon’s fulfillment centers; they will keep your Inventory in their warehouse.
If someone orders a product, they will pack and dispatch the product to the customer.
It is an innovative way to start your business from home.
While Amazon was doing all the hard work, you can focus on adding more products to the Inventory and promotion.
8. Teach Online
If you are experienced enough in any particular field or niche, you have the advantage of growing your reach by teaching online and make money.
You can also choose from various topics and categories that you would like to educate your community in.
Online teaching is growing faster than ever, and it has evolved into a much larger industry.
If you are good at English, consider becoming an ESL Teacher.
You will help students get better in English, both oral and written.
There are many academics, K12, College education, English teacher, Cooking, Photography, Online courses, and Marketing.
Not only can you apply for an online teaching job, but also you can sell your courses.
If there is something that you can educate people with, you can start selling your course and monetize your skill.
Different money-making skills are already making an innovative approach that people would love to learn about.
You can start working on yourself things that you are an expert in.
It could be anything from Freelance writing, transcription, blogging, SEO, Cooking, and photography.
You can generate ample passive income through teaching online and courses.
9. Buy and sell domains
The internet has full opportunities and has given us different means to make money while sitting at home.
Buying and selling domains are quite a profitable market that you can get into.
“How can you buy and sell domains for profit” Well, it has another term commonly known as domain flipping.
In this process, you generally buy a domain at a very low price and sell at a high price.
Not, everyone can sell not all domains at a high price if it is not attractive, brandable or memorable.
It requires you to be creative in picking up domain names that are popular enough and resourceful in business and marketing.
Some domains have been sold at a whopping price.
The sold domains like business.com and Internet.com for $345 million and $18 million; respectively, you can see the potential of brandable domains.
Going for that price might take some time and a lot of hard work, but you can still make a profit if your domain name is simple and attractive.
There are several sites that you can register your domain names, namely Godaddy and Namecheap.
With the right marketing technique and patience, you can make a potential amount of money.
One such popular site where you can park your domains to sell is Flippa.
Flippa is an online marketplace that allows you to sell online businesses, Apps, Websites, and Domains.
The idea of getting a potential sale is to choose your name that is descriptive and serves a purpose to a particular field or niche. Short and simple, that easily comes to mind and makes branding easy.
10. Website testing
A site with a good interface makes it very easy to navigate through the content, posts, pages, menu, and several other website functions.
Some other poorly built sites make it nearly impossible to scan through their content.
Links are not clickable, images are not proper, and there are many flaws you decide not to visit that site again in your entire life.
Suppose you are very much acquainted with the website, its design, layout, and other features.
You can earn some extra cash by providing feedback.
Similarly, several companies pay you real money to test websites. It helps provide important feedback to improve the user experience.
Did you know that you can sell your voice and make money?
It is quite a profitable opportunity to be a voice actor.
It is a profitable industry that allows you to make money selling your voice.
Depending upon the type of industry and the voice actor’s salary, you can start with decent pay.
It also depends on the experience the more experience you have; the higher is the chance of working on more projects.
They provide a marketplace for voice acting jobs that suits your vocal skill.
The voices.com is filled with voice acting opportunities with the job posted every day.
Several companies have found voice actors using their platforms.
To start your voice acting career, you have to work on yourself as a voice actor.
You can easily get started on voices.com, and after you sign-up, you have to complete your profile recording demos and voice skills.
Specifications on your profile accents, manner, and speech will help determine if you are fit for that particular voice job that requires a specific ability.
Started back in 1966 to provide businesses a means to speak through their phone system.
It’s an online marketplace that allows you to lend your voice in the telephone market.
They have also been recognized as the best voice recording for a phone system.
Snaprecordings is looking for the best talent in the voiceover phone system.
To start working with them, you have to fill up the sign-up form with some samples to identify which category you suit the best easily.
You can be one of the voiceover talents for greetings,on-hold messages, and voice prompts.
Do you want to make money as a voice artist or looking for opportunities with a voice bunny you have the chance to monetize your voice?
With four quick steps, you can easily begin the application process a)create your account, b)submit your test, c) Get reviewed d) Start making money.
You must record your voice with the best audio equipment, be active and present to get the job, or you may end up losing projects.
Set your price based on your experience and you will also receive a message on your email if there are any new projects available.
With voice bunny, you can make money for every project you complete.
12. Selling printables
Digital products are easy to make, and you can earn passive income selling pintables.
You can create pintables for different products based on your audience and preference.
Some of the pintables that you would love to include:Budget planner
- Blog Checklist
- Budget planner
- A short Guide
Have you ever come across a blog that generally asks you sign-up in exchange for pintables “Get your blog checklist” or “How to sell on Amazon” and such
They have generally created some questions related to the readers or is helpful enough to solve a problem.
Several platforms can help you create your pintables
- Google Docs
With the help of this platform, you can easily create and design your pintables. Save it as a PDF that is quick and easy to download.
How can you start selling your pintables?
I would recommend you to open a store on Etsy.
Without the burden of some extra add-on to your site that might slow down your blog.
It’s an easy and affordable option to link your digital downloads to Etsy.
They will provide you a link that you can easily paste into your blog.
13. Graphic designer
It is a great way to make money with your design skills as a graphic designer.
From social media to brand advertising, you can see everywhere a graphic designer contributes to their creativity.
With good designing skills, you can also help companies market their products and services more professionally.
Thus increasing sales and services.
Apart from that, you have a huge opportunity to monetize your designing skills.
Join on sites like Fiverr/Upwork and sell your gigs for logos, marketing flyers, brochures, and get hired for long-term projects.
Sell your fonts,custom-designed icons, and templates.
Customized templates are quite popular in demand with few changes people can make their own.
You can also help newbie’s who look for some help with their designs by selling their tutorials.
WordPress templates and many more.
14. Vehicle advertising
You can earn $200-$500 by placing ads on your car every month. It can be a good source of income for daily commuters.
If you have been driving 1/4 of your commute on that specific zone or area, you get a chance to earn extra cash.
You can start earning in three easy steps 1. Download the App 2. Commute to qualify 3. Get campaigns and make money
It is another best way that allows you to earn cash by placing ads on your car.
StickerRide is an app that allows drivers to place ads and make money every month.
Would you like to make each trip an opportunity to make money?
Let’s roll in some cash. Download the App on your Smartphone and register.
Depending on your city, car, and location, you can choose how you want to place stickers on the car; they will finalize the request if it meets the criteria.
You drive on your normal routine and earn each mile you complete to increase your earnings; you can also participate in quests and flashmobs.
Ready to make money?
Download the App.
The Rideshare advertising company, that pay drivers to place removable ads on their cars every month.
Quick steps to begin with, few questions regarding your normal commute.
The company then decides to match with the brands that you generally are advertising on your daily commute.
They get your car wrapped with ads, and you make money every month.
You can also earn more by parking at some specific time and spots $30/hr. It’s a simple and easy way to earn extra cash.
We live in an age that is much more advanced, and most often, people like to get a brief idea of something on a very short note.
The digital world has provided us with so many opportunities and advantages to make money through various means.
Affiliate Marketing, E-commerce, Freelance writing, and blogging.
One more thing that I would like to share with you guys is the Ebooks, apart from the traditional way of editing, printing, and publishing.
You have the advantage of accessing it anywhere, anytime on a digital device, smart phones, tablets, and others.
What makes Ebooks so popular?
You can choose your topic to write an ebook depending on the field you work in.
Still, the niche is unlimited Blogging, How to, Science, SEO, Tech, and Digital marketing, so you have a pretty big list of opportunities.
It is easy to write, but you always have the option of getting your work done (Freelance Writers); once it is complete, you can give its download link on your site.
You are in complete control of it, and also, you can set your price because of its easy accessibility millions of people prefer to read ebooks.
You can get your sales from a huge market, or you can choose to sell from a third party like Amazon kindle publishing.
They do charge a fee whenever you make a sale.
With Amazon Kindle, you can increase your sales and also reach your target audience.
16. Sell photos
Have you ever thought of licensing your photos?
Well, I can give you a concrete reason to monetize your skill.
Images of high quality play an important role in daily life, businesses, and other several industries.
Bloggers buy photos for their blogs and marketing to the fashion industry, food industry, and the list goes on and on.
Several online marketplaces allow you to sell your photos, and now the images are in high demand more than ever.
Check out some of the most popular sites that allow you to sell your photos and make money
17. Rent your space
Looking for giving your extra room or flat for rent.
What better place than hosting Airbnb guests. Airbnb, with their host your home program, allow you to rent your space.
You got to have space or room, and Airbnb would make it simple to host their guest.
You have the opportunity to make money by providing it to Airbnb to host their guest.
It depends on you for the rules, availability, prices, and how you welcome your guest.
In just three simple steps, you are ready to do business with Airbnb.
So, what are you waiting for? Start hosting now.
Every time we spend so much time and money buying things online.
You might be wondering that if we could save our money on daily purchases.
Here is a great way to start saving money on your purchase. You can save time and money more innovatively.
Paribus can redefine your online shopping experience; they monitor some of the leading retailers’ prices to claim your money back.
Whenever you purchase, they scan the online shopping receipts and let you know if there is a price drop.
Paribus will, on your behalf, claim your savings and help you get the money back from the retailer.
You will automatically receive a notification if you have made any savings.
To make sure that the consumers get the best possible deals online, making the shopping experience more fun and exciting.
Rakuten, formerly ebates, helps customers get cashback and rewards for shopping online.
Till now, they paid $1 billion in cash and rewards.
So how can you get started with it to earn cashback and rewards?
There are two simple and easy ways to either download the Rakuten App or add an extension to your browser.
You can do both as well.
Download the Rakuten App on your smartphone and let it activate all the cashback and rewards.
A pop-up will show within the App that will direct you to the store’s site to earn cashback.
The other way is to add the cashback button on your web browser; you can simply add it when you visit the site.
Whenever you purchase the site’s affiliated store, you will receive a drop-down message that offers a cashback or coupon.
Simply clicking on that link will automatically activate the offers you can take advantage of every time you purchase from the site’s stores.
20. Rent your parking space
Started back in 2011 is an online marketplace to find easily accessible places to park vehicles.
A parking reservation App that helps million save time and money by affordable parking spaces.
With their specific for sellers, you can Rent the parking space that allows you to sell your parking space on SpotHero.
If you have a parking space, you could make few extra dollars by allowing drivers near you to park on the spot.
By filling up the form about the space and some requirements, you can get started in three easy steps.
SpotHero will deposit the money directly in the bank account you make every month.
Finding a parking space can sometimes get a headache.
How many times have you been in a situation where looking for a space to park has ruined your trip or adventure maybe.
Well, parkonmydrive has some exclusive advantages to owners of empty parking space driveways or garages.
You can register on their platform that allows you to make your space available for rent daily, weekly, and monthly.