Today’s post is about an important topic for beginners in online business and the online world in general. Since you are here and reading this post, then you want some easy passive income ideas!
Fortunately, there are so many roads online to reach passive income! However, finding the best way that suit you and your skills can be challenging! Our list today is to give you an overview of some excellent and easy passive income ideas to provide some information to pick the best way for you!
Before we start talking about different ways of earning money and reach the level of passive income, we need to understand what passive income is?
What Is The Meaning Of Passive Income?
There is no easy way to say this! Passive income is the money you can earn or already earned without actively working for it. For example, if you are working now in a company every day to take your salary, this is “active income” however, if you are sitting home doing little to no effort at all and earn money, then this is “passive income.”
The fantastic part about passive income, there is no limit to how much you earn. As I always say, the limits only in your imagination! The more effort you put, the more passive income you can build and make.
Of course, you need to be smart and do the right thing. Clicking random buttons will not generate money for you. I mean, DUH!
Some experts and online business owners may disagree with all this because you actually work your butt to reach the passive income you desire. So, if you think about it in this angel, then this is an active income. But, think about it in this way, you are going to work (5 years), and after this period you are generating $1000 a month without working or maybe a few hours a week. The question now for you, is this passive income or active? (write your answer below).
So, what I want to tell you is that you can earn money online, and you make massive amounts too, but the idea is not working hard (ONLY) but working smart also!
Pros And Cons Of Building A Passive Income!
What! You thought it is all happiness! Of course, there are some disadvantages and the lousy side behind all this. I am writing about all this honestly, and now I want to tell you the Dark side as well as the good side of all passive income plot!
If you are looking for a quick get a rich way through the internet, then you are still sleeping and dreaming. Yes, there are easy ways to earn passive income, but I never said they are quick and get-rich methods!
When it comes to the possibilities you can have to earn and make money online, there are so many of them. But the problem is, people still believe they can earn a tremendous amount of money in one night! That is not happening ever.
In fact, what I am about to list are considered easy ways to earn money, and personally, I tried most of them, and I am still working in some of them. Also, I want to try the rest of them. But, let’s be realistic here, they are easy, but they need hard work and reasonable effort when you begin.
Pros Of Building A Passive Income
1- You can control your time and effort on your business to earn passive income. Also, you are not forced to work extensively to be able to make money. But, the more effort and time you give it, the better the income you build.
2- The ability to work on multiple projects and create your own business. When you have time, you can work on different projects to earn money from different streams.
3- You can use your own skills to make money, such as drawing and writing. That way, you can enjoy your online job with your hobby.
4- There is no limit to what you can do or earn from online jobs.
5- You can always learn new skills to improve your business idea and then make more revenue.
6- You will be able to choose the best way that suits your needs and abilities; for example, a mother can work a few hours to build her business and have time for her kids. Same for the father, working online from home can give him the flexibility to spend more time with his family!
Cons Of Building A Passive Income
1- Depending on the field you chose, the income can be hectic. That means, at some point, the income may decrease unless you keep it up to date and follow the new trends each year.
2- To have stable and reasonable revenue, you will have to put tremendous effort and time in the beginning.
3- Takes a lot of time to see real income in terms of revenue.
4- There are some easy passive income ways, but they require investment at the beginning to build it. The investment may vary on the type of business you want to develop, but in the end, you still need some investment.
As we can notice, it is not always sweet and good! However, it is the best way to get rid of the prison of working in one of those unbearable companies and bosses! Plus, you will be able to have your own business.
Easy Passive Income Ways With Little To No Investment!
I want to start with what I think the best passive income ways to start now. Also, they are super easy, and to be honest, most of you already know how to do them!
In these ways, you need little to no investment. Mostly, it is just related to the skills you already have!
I tried all the passive income ideas published in this post title, and I tested them even though I was a newbie. However, I had a strong entrepreneurial spirit.
Okay, we talked a lot about all this so, Let’s get started…
Everyone heard about Affiliate Marketing one way or another. Affiliate Marketing is a powerful way to make a full-time passive income, even If you have your daily job. As I mentioned in my previous post (Read Here), Affiliate marketing simple is earning a commission for selling products from other platforms such as Amazon. The commission can be anywhere between 10%-90% depending on the deal and platform.
Affiliate marketing is a great way to make money. However, it can be tricky and confusing for beginners. Hell, it is sometimes confusing for me too! But, once you get used to it, it is a fun and straightforward way to make money. Nevertheless, you need to know that affiliate marketing requires time and a lot of patience to start seeing results!
There are so many courses and training on the internet, some of them are good, and others are bad. But, don’t worry, the good guys out there are more than the bad ones. All you need to do is to do a fast search for them. Personally, my mentors were and still are from Wealthy Affiliate (Check the review here).
Starting your blog is not only fun, good to express your feeling about what you love but also a great way to earn some cash while doing what you love the most!
Of course, you can pick a profitable niche (topic) to build your blog. But, in the end, you will be your own boss on your own blog.
There are many ways to build your blog to attract an interested audience to the topics within your blog. Earning money from blogs can be as simple as gaining money from ads to selling your own products on your blog.
Additionally, Blogging can be a great way to earn money from affiliate marketing, which we mentioned before! So, you can actually create and build your business combining these two methods.
Without a doubt, there are many successful bloggers out there. Some are famous and others not so much, but they are very successful in Blogging, such as Neil Patel, Brian Clark from Copyblogger, Michelle from Making Sense of Cents, and many many more.
With that been said, you should know that Blogging is the same as affiliate marketing; it needs a lot of patience and time to see results! But it is one of the best ways to build a future for you!
3. WRITING & PUBLISHING E-BOOKS
Believe it or not, writing is the best way to earn money these days.
So many writers nowadays make more than $2k. If you visit Upwork, you will see that most writers make anywhere between $20-$150/ HOUR.
Basically, all you need is some knowledge on the topics you want to write about, then offer your services on platforms such as Fiverr and Upwork with the price you desire. Once you build trust and get good reviews, you will have more jobs to do and get busy making money writing for your customers.
The fantastic part about this, you can work anytime and anywhere you want. You can sit there on the beach, using your laptop to write a 500 words post and earn more than $10 of 1 hour of work? Easy, right?
The next best thing about this is you can create your own E-books and sell them on popular platforms such as Amazon. E-books now are the best next thing to sell online. Almost everyone owns kindle and/or search for e-books for different topics.
4. Print On Demand & Designing
Print on demand is one, if not the best way to build your passive income. Yes, it needs a lot of effort and work when you start this business, but after 2-3 years, you will have a great stream of a passive income!
Not only that, this line of business is so fun to do. You can express your ideas and passion for designs for T-shirts, Mugs, Hoodies, etc. Also, Print on demand offers so many opportunities.
Nevertheless, Print on demand is competitive. It would be best if you put in your mind that you must learn how to do proper research for a profitable niche.
Additionally, you can design as a freelance beside your POD business and sell designs on different platforms such as Fiverr and Upwork. Basically, you can make money and build your POD business slowly and earn some money as a freelancer!
5. GRAPHICS DESIGNING
Graphic designing is one of the easy and best ways to make money without investment. All you need is your skills in designing. Being creative is required in our time in different fields and businesses. There are so many customers out there need your expertise in designing to finish their job with a professional touch.
Graphic designing not only selling your services as a designer but also printed products such as business cards, banners, flyers, logos, etc.
Graphic designing is a big world where you can learn so many new things and start your freelancer life or create your own business, such as Print on Demand.
6. Selling Homemade Crafts
Even if you don’t have techy skills, as we mentioned before. It is fine! Homemade crafts such as DIY gifts, jewelry, cards, home decor, pillows, or anything you can create yourself got a massive wanted audience waiting to buy your product as a gift for their loved ones!
If you visit Etsy or Amazon handmade section, you will see so many different handmade crafts with hungry customers to buy your amazing handmade products! These customers love original handmade one of kind gifts, and they are willing to pay a lot to get them.
Hence, If you are ready with your crafting skills, open your store on Etsy and start your journey there! You will never regret that!
7. Creating Your Course And Selling It!
Teaching using online platforms for that and creating courses is becoming a trendy thing nowadays. People now are hungry for information and learning different stuff for their life or business.
One of the best platforms for online courses is Udemy. This platform is enormous, with so many courses in different things and topics. Believe it or not, thousands of people there made 6-figure of cash by selling their courses.
The fantastic part about this, you don’t really need teaching skills. However, you may need to learn some small things to be able to create your own course. Then all you have to do is uploading your course and start selling it!
Udemy is not the only choice for courses and teaching; Amazon released this year their new platform for this service. You can now use the benefit of huge traffic and buyers they can bring to you on their platform. Amazon ignite is the next platform that you should check after Udemy!
8. CREATING YOUTUBE VIDEOS
Who doesn’t know Youtube! The third most viewed and visited website in the world. Being a Vlogger (YouTuber) is my next choice for passive income. If you the ability and the necessary skills to create eye-catching videos, then Youtube is your next station!
The fantastic part about youtube is their impressive feature of sharing revenue with YouTubers. The concept behind earning money from videos is simple. Create your videos, upload them, get views, make money from views, Ads, Affiliate marketing, and many more ideas.
Vlogging is basically the same as blogging, but instead of creating written content, you are going to create a video, and it can be the same content as your blog. Yes, that’s right! You can create both a blog and a Youtube channel and connect them with your audience.
Creating videos and getting views is actually easy. It can be the most fun “job” you can have in your life. Yet, Vlogging is not for everyone. First, I would suggest to read more and take courses about all this and then decide if you can do it or not!
While there are a lot of different ways to make money online with investment, dropshipping is the best in my opinion and experience. The business is easy and straightforward, and it is very profitable.
Dropshipping is another form of eCommerce business, the meaning of eCommerce and dropshipping is that the seller doesn’t keep the products in stock but instead offer the product to customers when the customer buy this product the seller fulfill the order through the supplier. The supplier takes care of fulfilling the orders as well as shipping them to your customers.
The investment in Dropshipping is not that much; you only need to pay for your own website or store. Then you can sell your products to your customers. For example, you have a product A, and you are selling it for $200. When the customer order this product from you, you place the order with the supplier for the same product, which cost you $150 and let the supplier take care of the fulfilling and shipping. You will earn $50 from this product for one sale.
After we talked about different ways to earn money without investment or a little bit of investment, it is time to talk about different ways to make passive income with investment. However, there are always more ways to earn money. Click here to read and check other ways to make money online now!
Easy Passive Income Ways With Investment!
We covered great easy passive income ideas to build and start right now. Also, you should know that there are a lot of different ways to make Money (Click Here).
It is impressive to have an opportunity to make money with little to no investment. Also, it is a beautiful thing to use your own skills to enjoy what you are doing and make money doing that!
Though, if you are looking for ways to make much more money, then this section is for you. There is a say “to make money you have to pay money” and here where the investment comes.
If you think about it, in the previous section, you actually invested your skills and time. Some people don’t have that luxury. However, they have extra money and want to invest them in making more cash.
Note that what we are going to list here just a few categories of investment. Many of these categories have a lot of choices and opportunities.
So Let’s begin!
1. FOREX TRADING
The foreign exchange market is the largest market that is susceptible to both rewards and risks depending on different criteria such as the strategies you implement and used in it, and how well you do the trading. The foreign exchange market is about exchanging foreign currencies and using different strategies to gain money.
There is no limit to how much you can invest and fun your trading account. However, it is so important to learn all kind of strategies and how this business work to be able to see tremendous success!
You can obtain funds for your trading account with as little as $100 investment at many retail brokers and begin trading the same day in some cases. The high volatility, ease of access, and 24-hr market, low investment make forex trading a potential source of income.
One of the best platforms to find excellent courses is in Udemy. This course is one of the bestsellers on Udemy for Forex Trading. Forex Trading A-Z™ – With LIVE Examples of Forex Trading is the name of this course, and it is A-Z detailed course for Forex Trading.
2. Buying and Selling CRYPTOCURRENCIES
Frankly, I haven’t tried this way yet. It is one of the few things I want to try. Cryptocurrency is known for several years now; it is one of the few ways that actually can turn you into a millionaire in a short period.
The cryptocurrency market is growing year after year, and nowadays, it worth billions of dollars. Bitcoin has proven to be a huge investing opportunity. However, due to that reason, so many scammers lurking around to try and hunt beginners. So. you need to be careful approaching this field!
One of the world’s largest bitcoin brokers is Coinbase. It is also available in most of Europe, the United States, the United Kingdom, Canada. You can always find a way to buy Bitcoin using platforms such as buy bitcoin worldwide.
If you still looking for a potential investment in Bitcoin, it won’t be hard.
One of the bestsellers course on Udemy is The Complete Cryptocurrency Course: More than 5 Courses in 1. If you are serious about this investment way to make money, then this course is a good start!
Also, if you want to learn more about Cryptocurrency check this blog (Jump on Crypto) dedicated to teaching you everything related to this business!
3. Dividend Stocks
Dividend investing is a great strategy to use to invest part of your money! ( Never put all your eggs in one basket). It is a great way to make a reliable stream of income.
Unlike the unpredictable stock market, Dividend stocks are incredibly reliable. The idea is to invest in great companies after searching for them, and then you will receive regular income as a shareholder.
Of course, throwing money there and here is not a good strategy! You still need to learn different things in this field and have some good knowledge and thorough research.
Investing In Stocks The Complete Course! (11 Hour) Is one of the bestsellers courses on Udemy teaching everything about Stocks and different things?
4. MUTUAL FUNDS
If we are talking about investing in stocks, it is considered as an active investment where you invest in a successful company. Mutual funds, on the other hand, is about investing in a collective group of bonds, securities, and stocks. Investing in Mutual funds is a popular passive form of investment; if you never read anything about it, then I suggest you do it now.
The same course as above is a great course to introduce you to Mutual funds. Investing In Stocks The Complete Course! (11 Hour).
5. Peer To Peer Lending
6. Exchange-Traded Funds
7. Cash-Back Credit Cards
8. CD Ladder/Fixed Deposits
9. Buy A Vending Machine Business
10. Buy An Existing And Established Online Business
It doesn’t matter what kind of business you are doing, or you’re planning to do, data and numbers are so important to scale it and improve it, so remember that!! There are many different businesses’ ideas and easy passive income ideas. The only thing stopping you from taking action is YOU!
Do proper research, find the best way that suits you and your skills. Learn Learn and Learn. Learning is the best way to try something new and open new doors for you! Don’t be afraid to try and fail.
What do you think of these easy passive income ideas?? Do you have more information about and other ideas to make a passive income? Or do you have another opinion/question about it? Feel free to write your comment, advice, or question below!
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