Are you looking for passive income ideas to replace your day-to-day job? Don’t worry! This post has you covered. You are about to discover 51 proven passive income ideas that will make money while you sleep and eat burritos while lying on the beach.
So grab a coffee, and let’s roll…
- What is Passive Income?
- What Are The 51 Best Passive Income Ideas?
- 1 – Publish Books On Amazon
- 2 – Build an Affiliate Marketing Niche Site
- 3 – Become a YouTuber
- 4 – Sell Digital Products on Etsy
- 5 – Invest In Dividend Stocks
- 6 – Flip Real Estate
- 7 – Start a Print on Demand Store
- 8 – Create an Online Course
- 9 – Design an App
- 10 – Become a Blogger
- 11 – Real Estate Investment
- 12 – Start an Esty Store
- 13 – Sell Products on eBay
- 14 – Get Started With Fulfillment by Amazon (FBA)
- 15 – Create An Online Ecommerce Store
- 16 – Use Cashback Apps
- 17 – Produce and Sell Stock Music
- 18 – Invest in Cryptocurrency
- 19 – Sell Stock Photos
- 20 – Become An Angel Investor
- 21 – Create Your Podcast
- 22 – Become a Social Media Influencer
- 23 – Become an Audiobook Narrator
- 24 – Flip Domain Names
- 25 – Become a Video Game Streamer
- 26 – Rent on Airbnb
- 27 – Storage Rentals
- 28 – Start a Dropshipping Store
- 29 – Start an ATM business
- 30 – Start a Vending Machine Business
- 31 – Start a Retirement Account
- 32 – Rent Out Your Car
- 33 – Advertise on Your Car
- 34 – Rent Your Parking Space
- 35 – Rent Your Bike
- 36 – Purchase a Billboard
- 37 – Buy a Blog
- 38 – Make Money Watching TV
- 39 – Font Designer
- 40 – Rent a Room in Your House
- 41 – Start A Personal Shopper Business
- 42 – ETF investing
- 43 – Email Marketing
- 44 – Buy Farmland
- 45 – Start a Food Truck Business
- 46 – Rent Personal Items
- 47 – Rent Out Old Baby Gear
- 48 – Land Flipping
- 49 – Write and Sell PLR Content
- 50 – Selling WordPress Themes
- 51 – Lose Weight App
- What Is The Best Passive Income Stream For Beginners?
- How Much Passive Income Can You Earn?
What is Passive Income?
You have two ways to make money for a living. It can either be active or passive income. The most known method to make money is trading your time for money, aka “active” income. This can either be working as an employee or business owner. For instance:
- Fitness Trainer
- Supermarket Cashier
- Company CEO
- Software developer
On the other hand, passive income consists of you earning money while you aren’t present. You can be sleeping or spending time on vacation, and still, you are making money. Now passive doesn’t mean you don’t need to work for it. You often need to build this source of income until it completely or nearly runs automatically.
For example, building a blog that makes money promoting your online course. A blog can be an excellent passive income source, but first, you must build it. You would need to follow several steps, such as:
- Design a website
- Write posts to attract visitors
- Create your digital course
- Get visitors to purchase your course
As you may imagine, there’s plenty of work involved. However, once you have everything set, people will head to your blog and purchase your course without you needing to be active there.
For instance, I have videos making money for several years on YouTube. Because people find my videos there and buy the mentioned products.
I worked once on producing this video, and now it generates income for years without needing to do anything. Now let’s see the best sources of passive income in 2022.
What Are The 51 Best Passive Income Ideas?
1 – Publish Books On Amazon
The great thing is you don’t need to worry about finding customers to purchase your books. Instead, you have immediate access to millions of potential customers daily browsing for books on the world’s biggest online store. This business can be done as a side hustle as it doesn’t take long to publish books, and most other aspects can be outsourced.
Furthermore, you can either write your books or order them from a ghostwriter company. If this rings bells and whistles and you’d like to learn more, click here to find more information.
2 – Build an Affiliate Marketing Niche Site
Perhaps one of the best and most profitable examples of passive income. You build a blog on a specific niche, such as health&fitness, gardening, Yoga, etc. And promote products from someone else, aka being an affiliate. You earn a commission whenever someone clicks on your unique affiliate links and purchases its respective product.
Extremely passive income because you don’t need to worry about customer support, product creation, etc. In other words, you are the middle man helping customers decide to buy a specific item.
3 – Become a YouTuber
If you are brave enough to talk in front of the camera or at least think this would be a thing you’d like to try, then becoming a YouTuber might be your future. Once you publish a video, it can passively generate money through advertisement, selling your course/s, or promoting affiliate products.
4 – Sell Digital Products on Etsy
You can choose to sell digital products on Etsy. It’s a brilliant way of passive income because you don’t need to worry about any administration besides keeping your marketing and tags on point.
Furthermore, you don’t need a warehouse to store your physical items since everything will be digital. For instance, you can sell digital planners, logos, social media templates, event printables, etc.
5 – Invest In Dividend Stocks
Dividend stock is a way for a company to thank its investors with money. If you buy a company’s stock and hold on to it, it may pay you dividends.
The dividend rate depends on the company you invest in. Often most American dividend stocks pay their investors every quarter.
So you can invest in a company’s stock, which offers dividends, and receive their payouts passively.
6 – Flip Real Estate
House flipping consists of buying houses, remodeling them, and then selling them more expensively. You make money between the price you bought and sold a home.
Probably, not the easiest way to make passive income! It requires knowledge about real estate and a keen eye to find houses at a lower price and what is needed to sell more costly. However, if this sounds like an interesting passive income idea, give it a shot!
7 – Start a Print on Demand Store
If you have a creative mind and want a more artistic way to make passive income, then print on demand might be your thing.
All you need to do is design prints for t-shirts, mugs, towels, and phone covers, you name it! Afterward, these companies do the rest for you, such as storing your products, packaging, and shipping your orders to customers.
Here are 3 of the most popular print-on-demand stores:
8 – Create an Online Course
Often people think their technical knowledge is something boring that nobody else would want to learn. However, that may not be the case. Millions of people are searching for courses online to learn all sorts of technical skills every day—for instance, code programming, gardening techniques, martial arts, cooking Italian food, etc.
Other people may want to learn your expertise if you are skillful at something. For this reason, you can produce your online video course and sell it through your website. Or, if you don’t know how to build a website, try Udemy.
Udemy is one of the world’s most famous learning and teaching marketplaces, with over 185000 courses and 49 million students.
9 – Design an App
This is an excellent source of passive income if you already have coding experience or are curious about developing and selling apps.
Once you have coded your app, you can sell it through SellMyApp. This platform is one of the oldest and most popular marketplaces that sell apps and games for iOS, Android, and Unity.
10 – Become a Blogger
Having a blog is perhaps one of the most profitable businesses online. Because there’s not a huge initial investment like with a brick-and-mortar store, you can earn affiliate commissions or sell your products from posts you wrote years ago. It’s the perfect example of passive income. Where you write posts and make money out of them without putting extra effort.
Now I won’t lie and say it’s easy! The learning curve is steep but well worth it. If you dream of having a blog making thousands of dollars each month, check Adam Enfroy’s video course.
11 – Real Estate Investment
Real estate investing involves buying, managing, and selling or renting real estate to make money. Not the easiest thing in the world, it requires skill, but the most crucial part is to do something you find fun. Real estate investing is the closest thing to playing Monopoly in real life. Do you like Monopoly? Then this might be your new passive income source!
Furthermore, there are several real estate platforms where you can get started, such as:
12 – Start an Esty Store
Etsy is a famous American eCommerce platform for handmade or vintage items and craft supplies; these can be clothing, bags, jewelry, etc.
If you enjoy crafting items, then Etsy is a great solution! You can open a store for free there and display your items to thousands of customers on Etsy.
13 – Sell Products on eBay
Do you have stuff lying around your house and don’t know where to sell them, or you’d like to start a business and instantly have hungry customers ready to buy your products like hotcakes? eBay may be a great way to make money selling your items. eBay is one of the most popular marketplaces worldwide, known for its auction system.
You can register an eBay account for free and, for a small fee, list your items to millions of buyers in over 190 markets.
14 – Get Started With Fulfillment by Amazon (FBA)
Most people don’t open an online store because they don’t have a place to stock their items or feel too lazy to ship them to customers.
So, here’s the good news we have Fulfillment by Amazon (FBA). This service allows you to use Amazon’s warehouses to store and ship your products whenever sold through the Amazon website.
15 – Create An Online Ecommerce Store
An eCommerce website is a business that purchases and sells items or services online. Often people get scared of the idea of building a website. But nowadays, we have platforms like Shopify and Zyro where you can use their integrated drag-n-drop page builder to quickly create beautiful and sleek websites in minutes.
So, don’t waste time and start selling your product online today. Click Here
16 – Use Cashback Apps
Most people daily acquire groceries, clothing, pump gas into their car, etc. Using these apps is a great way to get some cash back from your purchases.
Whenever you buy something, you get like a discount or incentive. Often this consists of obtaining some credits on these websites, but some accounts also provide cashback. Here are 3 cash back apps:
- Capital One Shopping
17 – Produce and Sell Stock Music
Do you love to produce music but don’t know a way to make make money out of it? Don’t worry! You have several online marketplaces dedicated to musicians where you get paid whenever a customer acquires a license for your song.
The license payment may vary from $10 to more than $400. It depends on how much the customers intend to use your songs.
Here are a few Music Stock websites to get started:
18 – Invest in Cryptocurrency
Most people only know about Bitcoin, also known as digital gold. The fact is you have thousands of digital coins to invest in. Some of these cryptocurrencies are lesser-known but still can make you a millionaire if you know to invest in them correctly.
Most investors buy these cryptocurrencies when they are devalued and wait until the market rises their value to sell them. You have several platforms where you can buy/sell cryptocurrencies, such as Coinbase, Binance, and Crypto.com.
19 – Sell Stock Photos
If you enjoy taking photos and want to make money out of them, you can always sell them as stock images to websites, such as Shutterstock, Alamy, and iStockPhoto.
Once you have high-quality photos, you can upload them to these websites. Whenever a customer downloads your content, you get paid.
20 – Become An Angel Investor
An angel investor is a person that gives financial backing to small startups or entrepreneurs.
This helps small companies have money to grow their business. The ideal part is you don’t need to invest vast sums of money. Depending on your budget, you can start with a few thousand dollars or more.
21 – Create Your Podcast
If you’d like to start a podcast, it’s another fabulous way to make money online. Initially, you will need to invest in equipment, such as a high-quality microphone and hosting fees. Furthermore, it takes time until you build an audience binge-eating your podcast. However, once you have an audience, you can make money through sponsorship, asking for support from your listeners, and affiliate sales.
Here are the best free broadcast hosts:
22 – Become a Social Media Influencer
Nowadays, influencers on TikTok, Instagram, or other platforms have become like the new rock stars online. If you’d like to impact hundreds or thousands of people’s lives and make money while at it, this might be your thing! Choose a niche you’d like you to go deep into and learn everything about becoming a successful influencer.
I recommend checking courses on Udemy. You can find fantastic courses at a budget price to help you get started on the right path.
23 – Become an Audiobook Narrator
Do you have a good voice? Well, then, don’t leave it to waste. You have multiple platforms where you can register as a narrator, such as ACX and FindAwayVoices. Here, hundreds of book authors are always looking for someone to narrate their books.
New narrators earn about $10 per finished hour, and top earners between $100 to $350 per finished hour.
24 – Flip Domain Names
Domain flipping consists of buying domains at a lower price and then selling them at a higher price to someone interested. For example, buying www.getsmartnow.com inexpensively and selling more costly on marketplaces like Flippa, Sedo, and GoDaddy.
25 – Become a Video Game Streamer
Many people love playing video games, then why not make money doing what you love? Successful streamers can earn between $3000 to $5000 monthly from their subscribers.
You can either stream your play online through platforms like Twitch and YouTube.
26 – Rent on Airbnb
Airbnb allows people with property to rent their spaces for travelers, such as private rooms, shared spaces, or the entire property. Over the years, Airbnb has become popular because it’s a cheaper way for travelers to find a place to stay.
If you have a space to rent, you can go to Airbnb.com and list it.
27 – Storage Rentals
If you have storage places such as rooms, garages, or outdoor spaces available, you can always rent them; many people are looking for storage units to save their stuff.
Always a great way to make some money with places you aren’t actively using. You can list your storage units here:
28 – Start a Dropshipping Store
Let’s say you want to start a business online, but you don’t know what to sell, don’t have a warehouse, don’t have much money to invest, and don’t want to deal with customers, then dropshipping might be the right solution! Because all you need is to have a computer, an online store, and some basic marketing skills.
The idea is to find a supplier and then list their products as more costly on your website. A customer purchases from your website. Afterward, you order that product from your supplier. Next, your supplier sends that product directly to your customer.
29 – Start an ATM business
Ever thought about starting an ATM business? Well, most people don’t know about it! The way this works is whenever someone uses your ATM, a fee is charged. You can decide what fee someone will pay, which will be the money you will earn.
For example, someone withdraws $20 from your ATM, and you charge $3. You would earn $3 from their withdrawal.
30 – Start a Vending Machine Business
Nowadays, we see vending machines all over the place, but never think about starting a business! Well, just know you can begin a vending machine business too. You can start this business with around $2000. With this money, you can buy a basic refurbished machine and stock it, and then you want to place it in the busiest place possible.
Afterward, see money rolling from the people buying from your vending machine.
31 – Start a Retirement Account
Unfortunately, we won’t be young forever. For this reason, you should start a retirement plan as early as possible. Common retirement plans are 401K, IRA, and Brokerage accounts.
Choose the best option for you and start saving for your future.
32 – Rent Out Your Car
So you have a car gaining dust on your garage? Time to put your vehicle working for you! You have several websites where you can display photos from your car and list it. Whenever someone rents your car, you make money. Furthermore, these websites offer protection packages, and you can use your car insurance too.
Does this sound good? Here are a few websites to list your rental car:
33 – Advertise on Your Car
Got a car? Then why not slap slogans around it and make money. Several companies pay for you to put their advertisements on your car. Here are some companies where you can sign up and get started:
34 – Rent Your Parking Space
Do you have a parking space that you rarely use? You have several websites where you can set the price and the duration you want to rent your parking space. Another easy passive income solution! Here are three popular websites:
35 – Rent Your Bike
Another creative way to make passive income is to rent your bikes. Often people have bikes lying around in their garage without doing much. You can always rent your bike to people interested in riding it. A popular website to try out:
36 – Purchase a Billboard
Often people think about real estate as a great way to make passive income. However, with billboards, you have no tenants and no headaches! All you need to do is rent out your billboard. Once someone rents your billboard, enjoy 100% passive income rolling in. You can start by looking at Outdoorbillboard.com.
37 – Buy a Blog
Instead of starting a blog from scratch and spending months trying to get visitors to buy products from you, why not buy one already done?
You can buy a complete blog already generating income on Flippa.com. I suggest you learn more before you jump in. Still, it’s a great way to immediately make passive income without needing to work hard building a blog.
38 – Make Money Watching TV
So you love to watch television, what about making passive income while you are at it? Sounds cool, right? Well, you can use several platforms, which pay you to watch movies, reality shows, you name it.
For instance, Swagbuck rewards you with points for watching their online TV. Furthermore, if you get tired of watching television, you can always play video games too. Other recommended websites:
- Inbox dollar
- Nielsen Computer and Mobile
39 – Font Designer
Ever wanted to design your unique font family and make some extra bucks?
You can use software like Fontlab Studio, FontCreator, or Fontographer. Here, you can design high-quality fonts to sell on several marketplaces, such as Envato Elements, Creative Market, and Creative Fabrica.
40 – Rent a Room in Your House
If you have a free room at your place, you can always list it and rent it to someone. Every month, you make passive income from that person’s rent. You can list your room in the Facebook marketplace or Spareroom.
41 – Start A Personal Shopper Business
Some people are too busy or lazy to go shopping for themselves. For this reason, they prefer to hire someone to do the shopping for them. You can set up a personal business and take advantage of this opportunity.
I recommend searching on YouTube to get more information about starting this business.
42 – ETF investing
An exchange-traded fund (ETF) is an investment that trades similar to a stock. EFT uses the money from investors on different investments, such as stocks, bonds, and other securities. EFT’s main advantage is that you can start with low expense ratios, a wide range of investment choices, diversification, etc.
43 – Email Marketing
You probably receive hundreds of emails in your inbox daily. Did you know you can make money by emailing people interested in reading their content?
Often with email marketing, you need to design a page where people will subscribe to your newsletter. Afterward, they go through a cycle of emails automatically sent through an autoresponder similar to GetResponse.
Throughout these emails, your subscribers get information about their niche. But also, you can promote relevant products to them, such as your online course and affiliate products, and that’s where you make money.
44 – Buy Farmland
With all the economic mess happening, one of the safest investments nowadays is to buy Farmland. Furthermore, farmland investors receive passive income from two sources: rental and crop payments. So higher crop prices also mean the investors make more money.
If you have a budget to buy Farmland, it’s a great asset to add to your investment portfolio.
45 – Start a Food Truck Business
Food trucks have become increasingly popular, and it’s a business that is booming. If you have ever dreamed of starting this business, then it might be the right time. I recommend watching YouTube videos to get more information about starting this business.
46 – Rent Personal Items
Sometimes people have a garage full of items they could rent to others to make passive income easily. For instance, camera equipment, cars, baby gear, sporting equipment, etc. Here are some platforms to get started:
47 – Rent Out Old Baby Gear
Often many people don’t have the money to buy new baby gear. For this reason, they prefer to rent it from someone else. If your children are grown up and no longer use their baby gear, why not rent it? These could be cribs, strollers, car seats, and toys. You can list your baby gear here:
48 – Land Flipping
Most people have heard about house flipping, and what about land flipping? Well, the concept is the same. But instead of flipping houses, you flip lands.
One of the main advantages is land flipping is still under the radar. For this reason, there’s less competition and more potential for you to make money. Furthermore, you don’t need to be so skillful to succeed.
49 – Write and Sell PLR Content
If you enjoy writing, a great way to make passive income from your skill is by selling Private Label Rights (PLR), for instance: writing email sequences, lead magnets, blog posts, and courses. Many businesses are looking for this type of content that they can use without running into copyright problems.
PRL is extremely passive income because you can sell the same content to multiple businesses.
The best way to sell your PRL is through your website, SEOClerk, Fiverr, or Upwork.
50 – Selling WordPress Themes
If you know or want to learn to code CSS&HTML and PHP, you can design WordPress themes and sell them on specific marketplaces.
- Creative Market
Selling premium themes can be highly profitable and passive. Once you have coded a theme, you can sell multiple copies to different website owners. A theme designer can make between $500 to $30.000 a month. These earnings depend on your skill and reputation in the niche.
51 – Lose Weight App
So, you have some stubborn extra pounds you’d like to lose? What about losing it while making money? Sounds motivating? Yeah! Well, an app called “HealthyAge” does precisely that!
This app gives you challenges designed to crush your procrastination and encourage perseverance, all while earning money prizes up to $10.000.
What Is The Best Passive Income Stream For Beginners?
- Choose a business that isn’t too competitive. Sometimes what you’d enjoy doing may be over-saturated. For this, research the market and analyze your competition.
- I recommend starting an online business, for example, publishing books on Amazon or another source of income. Nowadays, it’s safer to have a source of passive income online rather than offline. Recently, we saw how many brick and mortar stores had to close, some permanently, due to confinements, etc. At least online, your passive income source will be working 24/7 non-stop!
How Much Passive Income Can You Earn?
Extremely hard to tell. It depends on the business you choose. For example, Kindle publishing can generate an average of $5.000 or more a month, while promoting affiliate products through a blog can go up to $30.000 or more. Furthermore, the learning curve is vastly different between both. Often a business with a low entry point has more competition and makes less money.
Ready to Start?
Words may inspire, but only ACTION creates change. – Simon Sinek
Okay, so now you know several strategies to make passive income. What are you going to do about it? Are you going to leave all these ideas to waste or take action?
I suggest you grab one of these passive income ideas and go deep on it. Research information about the ones you prefer, and if you see it’s something you’d like to learn more about, possibly take a digital course or find YouTube channels providing legit information.
Once you have a good understanding, build that passive income until you successfully make monthly money while sleeping.
Did I forget to mention any passive income source you know? Or, are there any questions you’d like to ask? Then leave it in the comment section right below!