Passive income is a hot topic right now. In fact, I’ve written about it before in my post “The most important thing you can do to build passive wealth.”
- But what exactly is passive income?
- How do you get it?
- And how can you use it to create more freedom in your life?
Offer your expertise on Fiverr.
Fiverr is a platform for hiring freelancers to do small tasks. It’s one of the most popular sites for freelancers, and you can earn money by offering your expertise on Fiverr. You can also get help from other users who are looking for someone with your skillset, which makes this passive income idea very flexible: if something goes wrong or fails to work as expected, you can simply log off and figure out what went wrong later!
To get started with Fiverr:
- Sign up at https://www.fiverr.com/register
- Upload an image of yourself (or use one from their directory)
- Choose a price point based on how much time it will take you to complete each project
Publish an e-book.
An e-book is a digital book that you can purchase and download to your device. There are many ways to make money from publishing an e-book, but the best way is through affiliate marketing.
How do I write an e-book? First, you need to decide what kind of information fits in with your niche and who will want it—your readers or someone else’s audience? For example, if writing about gardening would be helpful for people interested in organic foods and healthy eating habits, then this may be something worth pursuing. Once you know what topic(s) interest you most dearly (and why), move on!
Once all that’s done, now comes the hard part: actually writing down all those thoughts so they become words on paper (or computer screen). Again there are several different ways of doing this; some writers prefer pen & paper while others might use word processing software instead since computers allow for faster editing than anything else available today
Sell digital products or courses on WordPress.
- Sell digital products or courses on WordPress.
- You can use a plugin like Easy Digital Downloads to sell digital products, but if you want to make money with your blog, it’s best to go the passive income route. This means that you don’t have any upfront costs when starting out (like buying hosting or domain names), but in exchange for this flexibility, you won’t make much money until later down the line when traffic grows and customers start buying from your site regularly.
- The good news is that there are plenty of ways to get started making money without having any initial capital investment—and they’re all simple enough that anyone could do them!
Get paid to write articles on Contently or via a related service.
- Contently is a platform that pays content creators, or “contents” as they call themselves, to write articles.
- Content marketers are the people who create and distribute those articles. They set up their own blog or website and write the posts on topics that interest them.
- The money comes in when people click through links on your site to read more about your topic of choice—and then buy something from one of the companies mentioned in your article (and get paid!).
Contently pays $50 per article; but here’s what makes it different: In order to qualify for payment, you must have an existing following before submitting an article (which means there aren’t any guarantees).
Create and sell How-to courses on Udemy.
Create and sell How-to courses on Udemy. Udemy is an online learning platform where you can create and sell your own courses, which is a great passive income idea if you have knowledge or expertise in the subject matter. You get paid 70% of the revenue, but there are no upfront costs since it’s a subscription model that charges monthly fees per course. The best part about this option? You don’t need to be an expert at what you’re teaching because they do all the work for you! Check out their website here: https://www.udemy.com/start/quick-start/.
Self-publish eBooks or paperbacks on Amazon.
There are several ways to self-publish eBooks or paperbacks on Amazon. If you have a good writing style and a high-quality book, then you might be able to make a living from this method.
- Kindle Direct Publishing (KDP) is an easy way to publish your book on Amazon without having to do any formatting or editing yourself. It’s also free! Just upload your manuscript and wait for it to be converted into an ebook format before submitting it for sale in the store. Once approved by KDP, the royalties will be 70% of the proceeds between cover price and list price of each title sold through their platform; however, they don’t allow any discounts below 50%. You can get started with KDP today!
- If you want more control over how your book looks when published through KDP Select (which gives authors full access), then consider using self-publishing services such as CreateSpace instead—they offer templates so everything goes smoothly from start-to finish; however these services tend not offer quite as high royalty rates like those offered by Kindle Direct Publishing does due mostly due lack of control over pricing models since all books go through their system regardless if purchased via direct link directly from publisher website
Create and sell printables on Etsy.
Etsy is a marketplace for handmade goods and vintage items. If you have artistic skills, or are willing to learn some, this could be the right place for your business. You can sell your own prints, or create printable items to sell on Etsy. Or you can buy templates from other sellers on the site and create them yourself using Photoshop or other design software.
Etsy also has its own store where people can buy things directly from artists without having to go through an intermediary like eBay (though they do offer direct purchases).
Start a YouTube channel and monetize it.
- YouTube is a popular platform for content creators to make money from their videos.
- You can make money from ads, sponsorships, and affiliate links.
- You need to have a large audience in order to earn money from YouTube.
- You can use it as a marketing tool for your business or brand!
Take high-quality photos and sell them on stock photography sites like Shutterstock, iStockPhoto, or Adobe Stock.
One of the easiest ways to make money online is by selling your own photos. Stock photography is a booming industry, and there are plenty of stock photo sites where you can sell your images for a fee.
The idea behind stock photography is that people will pay to use an image in their projects or websites without having to spend hours or even days finding it themselves—and it pays well! If you’re able to get one of these images approved by a photographer before uploading it yourself, this process can be incredibly simple and quick. You can also submit portfolios (the number of images included) so that potential clients know what kind of work they’ll find if they hire yours over those who don’t have good portfolios yet. And while some people may feel pressured into making their imagery look professional when posting photos online (for example: “This picture looks just like me!”), not everyone has such high standards when it comes time to actually make money off their work; many photographers choose instead simply because they’re proud enough about something else about themselves (like travel) without needing anything else related specifically associated with photography itself.”
Become a dropshipper.
Dropshipping is a retail business model in which an online store owner first buys goods from a manufacturer and sells them at a lower price than they would charge the end customer. The dropshipper then ships these products directly to customers, who do not interact with the manufacturer. The dropshipper takes on many of the risks involved with running an online store, such as paying for shipping costs, inventory storage and time-consuming tasks like filling orders and shipping them out when customers place them (which sometimes happens days after being placed). However, because you are buying low-cost items from manufacturers you can get even more money back by selling those items at higher prices than what is listed on Amazon or eBay!
Purchase an existing website or blog.
You can purchase an existing website or blog. This is a great passive income idea because the owner of the site will still have to do very little work, so it’s not too difficult to start making money from your new venture.
You should always make sure you can make money from the site before buying it. If you aren’t able to generate enough income on your own, then you may want to reconsider purchasing anything at all!
Build up your social media following and monetize it.
If you have a large following on social media, you can use that to promote your product or service. You can also generate passive income from affiliate marketing. There are many ways to monetize your social media following:
- Affiliate marketing
Invest in dividend stocks or funds through a site like Betterment or Wealthfront that can manage it for you automatically.
Dividend stocks and funds are a great way to build passive income.
This can be done through Betterment, Wealthfront or any number of other online brokerages that allow you to invest in dividend-paying companies with automated management.
Once your portfolio is set up, just let them handle the rest!
Passive income is not like active income
Passive income is not like active income. Active income is money you earn from a source that requires little to no effort on your part. With passive income, you don’t have to do anything but sit back and let the money flow in. This can be with investments like stocks or bonds, or it could be with real estate investments or other types of financial instruments that allow investors to earn interest or dividends over time by owning them outright (or through some kind of trade).
Passive Income – 5 Best Passive Income Ideas For 2018
Passive income isn’t for everyone, but it can be an effective way to make money and supplement your active income. The best part is that it doesn’t require you to spend extra time working on projects or searching for customers. Passive income is a great option if you want more freedom and flexibility in your life while still making decent money from your work.