In this post, we will look at some of the passive income ideas that you can explore as a beginner.
Let me explain this further.
An active income requires you to put a certain amount of efforts, time to make some money. Example: Your daily 9-5 job. If you work, you get paid. If you are not working, you won't get paid. This is the way most people live their lives (including myself), actively working in a job to earn money.
Passive income, on the other hand, is where you earn money even when you are not actively working on it. You will need to work it once or occasionally, and you can make money from it even after two years, even when you are on holiday or sleeping. I always liked the concept of passive income.
So without further delay, let me jump into the passive income ideas that are worth exploring if you are starting your Internet Marketing Journey.
Passive Income Ideas
To make it easier for you, I will start with the easier options and then move to the complex ones. You can get started with any of these options with almost zero to minimum upfront investment.
Let's get started.
You can start writing eBooks and publish it online for revenue. You don't need to be a professional writer or author for this. Start writing small books like a short recipe book, cookbook and gradually move to some other topics. There are multiple resources available you can take the reference from, and you can write it in your style. A lot of people have even taken this as a serious profession and earning a good amount of money from it.
One good thing about writing book is, you only need to put the effort once and you can earn royalties on every book that will be sold for the lifetime.
You can take advantage of the Amazon Kindle Platform to publish your books to promote and sell your books. A lot of aspiring writers are using this platform to promote and sell your books.
#2.Start a Blog
Blogging is one of the most popular passive income ideas that most people focus on and I am one of them. You can start a blog on any topic of your choice, topics that interest you and make money from it.
If you want to start your own blog, you can check my detailed step by step tutorial on How to Start a Blog and Make Money Online. Blogging requires a very minimum investment, and if you give your solid effort on it, you can even make a full-time income within a year.
Blogging and Affiliate Marketing go hand in hand. Most of the people who start blogging, eventually sign up for different affiliate programs and make money by promoting this product.
There are affiliate programs for almost all the niches. However, when you are just starting the most recommended affiliate platform is Amazon Affiliate Program. Their sign up process is fairly simple, and you will get instant access to their Amazon Affiliate Program Platform.
Once you gain some popularity and make some sale initially, you can gradually sign up for other affiliate programs and scale up your income and profit.
Free Training: Affiliate Marketing Training for Beginners
Launch jacking is another form of affiliate marketing which has grown rapidly in the last few year. Every month hundreds are launching their digital products in the market through platforms like ClickBank, JvZoo or Warrior Plus. These products could be either training programs or different software.
These products offer a huge commission. As an affiliate, you can also promote these products and earn commissions up to 80-90%.
#5.Utilize Cashbacks from Multiple Platforms
Cash Back is a great way to make or in to be precise, save a lot of money on your expense. You can find many stores nearby your house which offers a money-back if you shop with them. Most of these stores have their loyalty program.
You can join these programs and accumulate points. These items can be anything like your daily use items like grocery and other essentials.
Cash Back Apps are also helpful in getting reward points or discount coupons. Some of the renowned Cash Back Apps are:
When you have enough points, you can redeem it for an additional discount. This is a great way to save money in the long run.
Another great way to earn money back is from credit cards. There are many credit cards available in the market who offer cashback or instant discount. Credit Card Points can also be redeemed for a cash discount or money back to your account.
But make sure you pay your credit card payment within due time to avoid penalty or additional charge. Also, do not overuse your credit card for buying random things that you don't even need.
Many people get carried away when they have a credit card and end up paying more than losing money. If making passive income is your objective keep a check on this.
#6.Create Your Own Product
There are many online platforms which pay you to host your courses with them. So if you are good at something, for example- photography, Cooking or any topic, you can create your online courses.
This is one of the most popular passive income methods people are going for nowadays. Come up with your own courses; it can be both video and Text-based. Host your courses on platforms like Udemy, Teachable or SkillShare. You can make passive income whenever someone signup for one of your courses.
#7.Rent Your Free Space on Airbnb
If you have an extra apartment, cottage or flat, you can make a lot of money by putting it on rent. This is one of the easiest ways to make some passive income without any effort.
Many people nowadays look for small apartments when they are travelling. Apartments with kitchen facilities, utensils can help them a lot to stay, cook and save a lot of money that they would pay in hotel bills.
You can rent your apartment to these people and make money. Airbnb is a great website to get connected with people like this.
Making Travel Video Blogs, Cooking Video Blogs, Product Review Video Blogs can make you a lot of money. These are commonly known as Vlogging nowadays.
Love travelling, cooking, or reviewing new products? Create your videos and upload on different social media platforms like Instagram, Snapchat, Tiktok and YouTube. If you have massive followers, you can even qualify as an influencer.
Influencers get a lot of requests from different companies to promote their products on their channel and pay them money.
#9.Sell Photos Online
If you love photography, you can also use this medium to make an excellent passive income online—stock photo websites like Shutterstock, 500px pay to use your photograph for different projects.
Sign up to these websites as a contributor. Upload your best photos with a proper license. Every time, someone downloads your photos, you will receive royalties from that.
#10. Invest in High Interest Savings Account
This is a no brainer. All the savings bank accounts pay you interest for keeping your idle money with them. All you need to do is look for the banks, which is paying the highest interest rate.
This might not be the most profitable option, but you are doing it completely free, without putting any effort.
#11. Invest in Cryptocurrency
It all started with Bitcoin back in 2008 and look where we are now. Nobody cared about Bitcoin in 2008 when it has no value. Today one Bitcoin is $17K and going up.
Start investing in Cryptocurrencies. You can even buy a fraction of bitcoin or other cryptocurrencies and hold it for future gain.
Participate in different airdrops which offer free cryptocurrencies and start accumulating them for the future. In the future, you can sell it and book a higher profit from them.
Cryptocurrency mining is another option. In fact, a new cryptocurrency named Pi has been launched by a few Stanford University graduates, which you can mine from your smartphone directly.
Wrapping Up: How to Select a Passive Income Stream?
There are a ton of other passive income ideas which can make you money. But, these are by far the most popular and most profitable ones.
Now if you are just starting, I would suggest you to start focusing on one or two of these options at max and explore it further. Most people make the mistake of trying multiple things at a time and end up failing in everything.
Suggested Article: Can You Make Money Online?
So start with one option, work hard on it, and once you start making money from it, maybe you look for the other income streams to multiply your earning.
Which is the favorite passive income idea? Leave a comment below and let us know. If you like these passive income ideas, please share with your friends and pin it for them as well! Follow our Smart Affiliate Strategies Pinterest Channel to get notification of all future posts.