“Making money while you sleep” has a nice ring to it, doesn’t it?
Let’s be honest, if you want passive income for life, you have to get to the point where your assets are earning for you (even while you’re sleeping). But first, you’ll have to put in one of two things: time, money–or both.
Start Creating Passive Income Today
- Peer-to-Peer Lending
- High-yield Savings
- Index Funds
- High Dividend Stocks
- Robo-advisor
- REIT
- Rent Your Space
- Start a Blog
- Buy a Blog
- Affiliatize a Blog
- Online Course or Guide
- Online Tasks
- Online Rebates
- Cashback Credit Cards
- Sleep Studies
- Advertise with Your Car
- Rent Your Car
- Rideshare Driving
- Silent Partner
- Buy a Business
- Outsource Your Business
What is Passive Income?
There’s no magic trick that turns your time directly into money. Instead, you plant seeds so your money will grow, even when you’re sleeping or at the park walking your dog. After reading books like Rich Dad Poor Dad and 4 Hour Work Week, I became interested (okay, obsessed) with making passive income.
Passive income might take some work, money, and maintenance, but if you plant passive income seeds to suit your climate (aka your personal preferences and skills), you can bring in quite a harvest.
Make Money With Money
1. Invest in Peer-to-Peer Lending
Lending Club
Enter Lending Club, the web-based peer-to-peer lending platform where investors looking for high-interest opportunities provide the funds for loans. You can earn interest rates in excess of 10 percent a year – about 10 times what you will earn on more conventional interest-bearing investments.
My advice: Per a Lending Club advisor’s advice to me, start out with $2,500. Since you can invest as little as $25 in a single loan, you could buy into 100 different loans. That way, you don’t have to worry about a single loan going bad and ruining your investment.
I have averaged just under 9 percent during the eight years I have been investing with them.
Want to try out Lending Club? You can open a free account here.
Fundrise
If you don’t have the time, skill, or upfront money to flip a house, or if you’d rather not be a landlord, Fundrise is your go-to REIT. With this REIT, you buy shares in the trust, and it uses your money to develop a variety of real estate projects. If the project turns a profit, so do you.
With other real estate investments, you’ll have to have a lot of money saved up to start, but Fundrise lets you get into the real estate business with your Christmas bonus money, as little as $500.
In 2017, the company posted returns of 11.44 percent.
Obviously, these are much higher than you’re going to get with most other investments. What’s more is that you can choose a plan that matches your investment strategy, whether your goal is Supplemental Income, Balanced Investing, or Long-term Growth. You can also look at different real estate projects and choose for yourself which ones to invest in.
YieldStreet
YieldStreet is marketed as an alternative investment platform for accredited investors. In other words, this 2015 startup is going to require a bit more money in the bank.
So what qualifies you as an accredited investor? High income, high assets, and a high net worth.
Once you’re in, you can invest in three classes:
- commercial finance,
- litigation lending, and
- real estate,
all with a $10,000 minimum investment.
While all that sounds great, you may be wondering about YieldStreet’s track record. According to their site, their target return is 8-20%, and they’ve lost $0 in principal.
Vetting investors is an excellent step to ensuring their repayments, but as always, proceed with caution. If you’re financially secure and looking for a quick investment with a high return, YieldStreet could be the company for you.
2. Invest in High-Yield Savings
Savings accounts might be the most boring investment ever invented, but they are also the safest. At 0.15 percent interest or lower, you’d need to exceed the FDIC-insured $250,000 account limit to see any real action.
Online banks provide savings account rates as good as a CD without locking in your money for several years.
Some of the leading online banks average about 1.5 percent interest, which is close to 10 times what you’d get at the bank around the corner. Sure, it won’t make you rich, but it’s safe and easy.
Online banks that offer high-yield savings accounts include:
- Barclays, which offers only savings and CDs in the U.S.
- Synchrony, which also has limited account options.
- Ally, where you can also get a checking account.
- Cit Bank, which boasts some of the highest CD rates around.
- BBVA Compass, whose Money Market and short-term CDS are competitive.
3. Invest in Index Funds
Index funds give you a passive way to invest in the stock market. For example, if you invest money in an index fund based on the S&P 500 Index, you will be invested in the general market.
This means you won’t have to worry about details like choosing specific investments, rebalancing your portfolio, or knowing when to sell or buy individual companies.
E*Trade is our recommended online broker for buying index funds. They make the research and process of investing in different funds very easy. On top of that, getting your account going is super cheap, and the cost per trade very affordable.
If you are not familiar with E*Trade, check out more details in our Ally Invest review. They have become one of my best accounts for investing. There are index funds set up for just about every market sector out there. You name it.
All you have to do is decide that you want to participate, contribute money, then sit back and relax. Your stock portfolio will be on autopilot.
Pro Tip: I would look at opening a Roth IRA. It will shield your savings from any future taxes and you can withdraw all earning tax-free once you hit 59 1/2. It is one of the best ways to save money for retirement.
4. Invest in High Dividend Stocks
By building a portfolio of high dividend stocks, you can create regular passive income at an annual rate that is much higher than what you get on bank investments.
Just as important, since high dividend stocks are stocks, there is always the potential for capital appreciation. In that way, you can earn passive income from two sources – dividends and capital gains.
You can make this process very easy and affordable by opening an account with Ally Invest. They have one of the lowest fees for each trade and are a long time top brokerage. If you are interested in other brokerage accounts we have provided a good write up of all the different options.
5. Invest With a Robo-advisor
Letting an algorithm manage your investments is about as passive as you can get. Robo-advisors like Betterment allow you to set your willingness for risk, then sit back and let the income flow. And the fees are much lower than what you’d pay a human account manager. Below is a rundown of a few of the leading robo-advisor platforms.
Betterment
I have been a long-time supporter of Betterment and even did an interview with their CEO in my Betterment investing review. Betterment is great at reducing any taxes you have to pay on your investments, and they work with you to give you the best financial advice through their algorithms.
Unlike other robo-advisors, with Betterment you can actually talk to a human being if you want to. Betterment charges the same fees as Wealthfront, but does not waive the fee on the first $10,000 you invest.
I don’t think you can go wrong with either service, but if I am investing a large sum to create a passive income investment, then I would go with Betterment, as their overall fees are lower.
Blooom
Blooom works very differently from many of the other robo-advisors. It helps specifically with your employer-sponsored accounts (401k, 403b, 401a, and 457 accounts).
Instead of you having to search for the best investment choices for your accounts, Blooom will go through all the investment choices and make adjustments for you.
The service will also automatically rebalance the account as it grows. Blooom is very inexpensive when compared to a traditional advisor at only $10 per month no matter how large your 401k grows.
M1 Finance
M1 Finance comes with 60 pre-designed expert investments referred to as pies, that are curated to help you reach your specific financial goals. Beyond those 60 expert pies, you can create your own custom investments, choosing which ETFs and stocks to invest in.
The platform also allows you to modify your investment selections whenever you’d like, giving you freedom to play a bigger role as an investor. At the same time, M1 does the work of balancing your investments for maximum returns.
Perhaps M1’s biggest standout feature is its affordability. M1 charges no fees, not even trading fees, and it lets you borrow against your account with considerably low interest rates. Read more about M1 Finance in my company review and consider signing up for M1 today.
Cash In On Real Estate
6. Invest in Real Estate with a REIT
With a REIT, all of the money is invested in real estate. Because the REIT owns the property, you don’t have to worry about handling the landlord duties.
REITs typically pay higher dividends than stocks, bonds, or bank investments. You can also sell your interest in a REIT anytime you like, which makes it more liquid than owning real estate outright.
Realty Mogul
If the concept behind Fundrise appeals to you but you’re looking to invest in real estate investment with a little less risk, you need to check out Realty Mogul. This crowdfunded private REIT is targeted towards accredited investors and posts an average return around 8%.
One standout feature of Realty Mogul is its 1031 exchange platform. Based on IRS code section 1031, investors can sell their current real estate, invest the funds gained into a new property, and avoid taxes in the process if they make the exchange within 180 days.
With Realty Mogul, a 1031 exchange is easier than ever. The platform has successfully invested millions in 1031 exchanges. And as Realty Mogul puts it, you get instant passive investing with “No Agents, No Escrow, No Closing Costs.
7. Rent Your Space
If you’re interested in making money in real estate but want more of a hands-on approach, renting out your vacation home, house, apartment, or even a single room can be a stellar way to earn passively.
Airbnb
Airbnb allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. Their site breaks rentals into three categories: private room, shared room, and entire home.
Paula Pant, cubicle renegade at AffordAnything.com, took a stab at making extra money renting out locations exclusively through Airbnb. Her Airbnb experiment netted her an extra $19,000 in revenue and 1 police visit! 🙂
Airbnb charges you 3% on every booking for their services, and you receive payment 24 hours after your guests check in. Wherever you are, you can make money on space in your home that might just be sitting empty otherwise.
VRBO
With over 2 million rental properties, most of which are entire home rentals, VRBO has established itself as a legitimate service for renters and owners alike.
According to their user-friendly website, there are three simple steps to listing: you simple et up your property, get the perfect match, and start earning. If you rent year round, you can pay an annual fee, currently $400, to VRBO.
If you really want to get passive, you can outsource the management of your rental for a slightly higher fee. It’s effortless earning at its finest.
Pro tip: The key to your rental success is reviews. The more 4 and 5-stars you get, the more people will rent your space (and the more money you’ll make).
Put Your Skills To Work
8. Start a Blog
Take it from someone who’s reaping the benefits as we speak — blogs are an unbelievable source of passive income. But there’s more to making bank with a blog than just posting good content.
If you’re looking for an extremely cheap, yet highly scalable way to create a passive income for yourself, you might want to take a moment and consider starting a blog.
Did you know: you can start a blog for as little as a penny for your first month, and just a couple dollars per month thereafter?
Here’s the idea: If you can consistently use your blog and create a lot of value for a lot of people, you can generate an extraordinary amount of passive income. As you post to your blog, more and more, your site will start bringing in traffic whether you put in any additional time or not.
Hour after hour, day after day, your blog is out there doing work for you; it’s the most cost-effective method to creating a truly passive income stream I know of.
What’s the catch? It takes time to get it rolling. That’s it. The sooner you start, the sooner an income stream can begin to grow.
This guide will show how to make your first $1,000 from blogging. You’ll find access to our Make 1k Challenge, which is a free email course that walks through the steps to start your first blog and make your first $1,000.
9. Buy a Blog
Thousands of blogs are abandoned by their owners every year. If you can buy blogs with a reasonable amount of web traffic and demonstrated cash flow, it could be a perfect passive income source.
Most blogs employ Google AdSense, which provides a monthly revenue stream based on ads that Google places on the site. There may also be affiliate programs generating additional revenue.
From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $6,000. Translation: a $6,000 investment will buy you $3,000 per year in cash flow.
Some sites have good “evergreen content that will continue generating revenue even years after the site has gone silent, so a simple $5,000 investment can net you ongoing passive income.
Bonus tip: If you buy such a site then reinvigorate it with fresh content, you may be able to increase the monthly revenue and sell the site at a later date for substantially more than what you paid for it.
I recommend buying a blog on Flippa. Here are some quick facts on this awesome marketplace:
- Includes everything from small sites to ones that garner millions
- Currently has more than 2,000 web-based businesses for sale
- Based on a bidding system and fulfilled by Flippa Escrow program to ensure your money and business are safely secured.
10. Affiliatize your Blog
Whether you start your own blog or buy a pre-existing one, choosing to affiliatize it is a passive income technique that will serve you well. You can sign up to promote certain products or services on your site, for which you will be paid a flat fee or a percentage of the amount of the sale.
If you think affiliate marketing is too complicated for you, you’re selling yourself short. This strategy isn’t as hard to do as you might think.
You can find affiliate offers by contacting vendors directly or on dedicated websites such as ClickBank.com. It’s always best if the product or service is one that you are either very interested in or one which is highly relevant to your website.
11. Create an Online Course or Guide
Why not create an online course based on your passion? My buddy Ramit Sethi at IWillTeachYoutobeRich.com is an expert at creating online courses. He has made an insane amount of money selling his lessons.
One very simple way is to produce and share your course is Teachable.com. Teachable has over three million students and is a great way to get your content in front of others.
What do you put in your online course? Good question. You can add:
- video lessons
- checklists for completing steps you recommend in your video lessons
- small ebooks to supplement the lessons
- audio files for people listening while traveling
- informative interviews with like-minded experts
- and a whole bunch more!
Pro Tip: Create several packages at different price points. Some people want everything, so you can include ‘the works’ for the highest price point and have two lower price points so you can receive the largest possible volume of orders.
If writing articles or creating videos isn’t your thing and you want to make money online, try creating an online guide. A good example of this income source comes from Pat Flynn’s website, SecurityGuardTrainingHQ.com. On the website, his map allows someone to click on any state to see the security guard requirements for that state.
By providing specific information in a guide-like format, you can make money through some of the means already addressed: Google AdSense, affiliates, and even memberships to your online guide.
It’s a fantastic idea!
Complete Effortless Tasks
12. Shop, Search, and Play Online
Inbox Dollars
InboxDollars allows you to make money by searching the web, shopping online, playing games, and more! While some of their options allow you to take surveys for cash, others simply require you to read emails. Period. With PaidEmail, you get up to three emails a day.
Just open the message, read it, and click a button to acknowledge you read it. Voila, you’ve just made money!
While you can opt to sign up for services to receive even more money, you’re only required to read the messages to earn.
Swagbucks
Swagbucks also allows you to make money doing similar activities. When you shop with major retailers like Target, Walmart, and Amazon through Swagbucks, you get Swagbucks points.
You also earn Swagbucks points for watching videos, reading messages, answering surveys, and conducting your web surfing through Swagbucks. Then you exchange your points for PayPal payments or gift cards to your favorite retailers.
13. Get Online Rebates
Ebates
With Ebates, you can get a rebate when you shop at a surprisingly wide variety of online retailers. Here’s how it works:
- Start an Ebates account.
- Follow the directions to activate the Ebates browser extension.
- Shop like you normally would online.
Cashback percentages range from 1 to 22 percent (occasionally higher)! Each month you’ll get a check, PayPal payment, or gift card to the store of your choice.
If you buy a big-ticket item like a refrigerator or a smartphone or do your grocery shopping online, you can earn some noticeable income.
14. Use Cashback Credit Cards
If you’re already using credit for some of your purchases, pursuing credit card rewards is an absolute no-brainer. Most top rewards cards let you earn anywhere from 1 to 5 percent back with almost no effort on your part!
The Chase Sapphire Preferred®card offers one of the best opportunities out there. Spend $4,000 on the card in 90 days to earn 50,000 points, worth $500. Add your spouse as an approved user, and you score an extra 5,000 points. That’s 59,000 points for just $4,000 of spending you were going to do anyway.
Our post on the top six cash back credit cards for 2018 offers an array of additional options. With the right card, you could earn 1 to 5 percent back with almost no effort. If travel is your thing, you can get bonus offers on travel rewards credit cards to save thousands of dollars on travel each year.
15. Get Paid to Snooze With Sleep Studies
I’m not even kidding. If you’re in decent health, catch plenty of Zzz’s, and are in an area where a sleep study is being conducted, you could make the most passive income of all.
If you qualify, you could make thousands of dollars in one study. Once accepted, you’ll probably have to undergo a physical, alongside an exam from a psychologist to ensure you’re up to the task. Did I mention you get paid every step of the way?
Keep in mind, though, that these studies have their own challenges, like cutting you off from media sources and your social life and requiring you to be watched and studied for the duration of the experiment.
You might also be asked to sleep in potentially uncomfortable positions for an extended period of time. But the pay is impressive. For sleep studies and other medical and psychological studies, search ClinicalTrials.gov and filter results based on your location, age, and other factors.
16. Advertise with Your Car
Carvertise: With Carvertise you could earn up to $1200 during an ad campaign and can usually expect around $100 a month, just to use your car as ad space. Check out their site to see if they’re currently advertising in your area.
Wrapify: Wrapify operates a lot like Carvertise, but differs in how you get paid. With Wrapify, you track your mileage and location. The more you drive, the more ads you qualify for, and the more money you make, which can add up to $200 a month.
Vugo: Vugo is an awesome way to earn passively alongside rideshare driving. All you do is mount a phone or tablet to your dash and play ads, games, and videos. The app is compatible with Google Maps and Waze. Drivers can earn up to $200 more a month playing the ads, and there’s a driver tipping feature built in.
17. Rent Your Car
HyreCar: With an Uber or Lyft inspection report, photos, and a description of your ride, you can start earning. 24 hours before a rider takes your car. you’re provided with insurance coverage for the rental period. Renters typically pay around $35 to $65 a day, providing you with a nice stream of passive income.
Turo: Similar to HyreCar, Turo offers optional accident protection and allows users to rent their cars easily through the website. With Turo, car owners collect anywhere from 65-85% of the trip’s fare, or 90% if they forego insurance. Your pay gets direct deposited within a week of the ride. Piece of cake.
FluidMarket: If you have a truck, you can rent it to movers in need. According to the Fluid market website, you can make up to $12,000 a year with a pickup and potentially earn $24,000 with a box truck. And you never have to lift a single moving box.
18. Become a Rideshare Driver
While it isn’t completely passive, rideshare driving makes the list due to its flexibility. You can make your own schedule with Uber and pick up extra income by driving others around when you are already out and about anyway! There’s no productivity level you have to reach with Uber or Lyft; you call the shots.
Since you make your own hours and activate the app when you please, you can make Uber driving as passive as you want.
Driving to a football game or a concert in the city? You can pick up a passenger headed the same way and pocket some quick cash without going out of your way to do so.
Transform Your Business
19. Become a Silent Partner
Do you know of a successful business that needs capital for expansion? If so, you can become a small-time angel investor. Rather than offering a loan to a business owner like a peer to peer lender, you can treat this as a business opportunity and take an equity position in the business.
The business owner will handle the day-to-day operations while you act as a silent partner who also participates in the profits.
If you want to become a silent partner but don’t have a particular business in mind, I give you AngelList, which, according to their tagline, is “where the world meets startups.
You can be an angel investor to one of over 90,000 companies, meaning you give money to startups in need of traction in exchange for equity. With AngelList, you can earn passively, diversify your portfolio, and support a startup in need. What’s not to love?
20. Buy a Business
Sometimes you can buy a flourishing business and profit from it with little effort. The key is searching out businesses which require little hands-on activity. For instance, consider the idea above of buying a blog.
Say you buy a popular website that has been monetized with affiliates. Even if you never post another piece of content to it and leave the posts there as is, it will still make you passive income.
But if really want to make money on the business you purchase, you will make improvements to it. To do so passively, you need to outsource the work.
21. Outsource Your Business
Outsourcing will free up your time so you can focus on other tasks that will result in more income. If you don’t want to hire employees, consider hiring freelancers who work as contract laborers. Look for freelancers with a strong work ethic who provide quality results.
As long as the main product or service isn’t something only you can do, you can transform your business into a passive moneymaker.
Here are the companies I recommend starting with:
- CloudPeeps: CloudPeeps does an excellent job matching business in need with skilled, vetted freelancers who can manage everything from PR and marketing to web development and administrative tasks.
- Fiverr: Fiverr has it all. Much like CloudPeeps, it supplies hand-picked freelancers for all of your business needs.
- Guru: Guru offers similar services to Fiverr and CloudPeeps but emphasizes their flexible payment options, like hourly pay, recurring payments, payment by milestones, and payment by project.
- PeoplePerHour: With an advanced AI system that matches your project needs to the perfect freelancer and features on Forbes, CNBC, and BBC, PeoplePerHour offers a legitimate pool of talented artists to outsource to.
- Upwork: Like the other freelancing networks, Upwork pairs you with freelancers in several sectors and boasts hires by companies like Microsoft, with short-term, full time, and recurring options.
Bottom Line
Passive income can work for you, regardless of if you have millions of dollars to invest and no time to spare, or $0, ample free time, and a spark of ingenuity.
While they might take some funding and fortitude to get started, the moneymakers on this list will continue to earn you money long after you’ve put in the work.
So look at what your working with: establish your financial goals and decide how much time, effort, and money you’re willing to put into your venture.
Whether you choose to invest, buy a business, outsource your own, or get paid for your daily routine, you can prosper from passive income.
What are you waiting for? Plant the seeds today with one of the ideas on the list.
Bamm Bamm says
For your 2019 list, you may want to look at Populous (PPT). Invoice financing on the Ethereum Blockchain. Going live soon.
Jeff Rose says
We don’t want to include ideas that aren’t already up and running and have something of a track record. But thanks for the advice, it may be something to keep an eye on going forward.
EDMON MANIAGO says
If you earn a passive income from Kindle book publishing or you’re thinking of getting started, please understand that your biggest hurdle is WRITING.
If you don’t already love to write, you’re going to have a problem.
Maybe you don’t have the time to write or don’t know where to start? Maybe you feel your skills aren’t good enough.
Well, you can kiss that excuse good-bye because you can hire a Kindle specialist writer starting at $27 for your Kindle book
Enter O Z K I . O R G (remove the space) into your browser and see why best selling Kindle authors use Ozki
Jeff Rose says
Thanks for the info Edmon.
David Clemons says
Jeff I am interested in buying real estates notes Can you send me more info ? Thanks !
Jeff Rose says
Hi David – I don’t have any info to send you, but you can do some research on the web and see what turns up.
Illidi says
Seems like earning a passive income is both easier and harder than ever 🙂 there’s a lot of learning resources that teach you various skills, but the competitions has gone up A LOT.
Been spending some time on udemy and bitdegree learning app development. Managed to make a couple hundread dollars, but the app store is LOADED now.
Jeff Rose says
Well said Illidi. There are more ways than ever, mostly because of the internet. I think the secret is to put out a product or service that’s unique. Not that you have to invent a whole new business, but take an existing business concept, and add something unique to it. Because you’re absolutely right, everyone is getting into the game, making it harder to succeed.
Laquina says
Hi I have been interested in real estate as a whole for some time now. In particularly the REIT. I had a friend who introduced the idea to me several years ago. However he never mentioned any companies who could help me with getting started investing in a REIT.
I really appreciate this blog and community.
I now have the information I need to get started in Real Estate at the least cost and liability level.
Thanks!!! (Fundrise)
Ahmad says
There are many more opportunities for passive income in the cryptocurrency space. For example: Sapien Network, a decentralized news platform, allows you to stake your coins for passive income.
Marcia says
This is my first time seeing such list about passive income other than the work from home once. Interesting! I would really like to start out with REITs. Is there anyone who had tried? How does it work? Thanks Jeff
Gloria says
Hello:
I’ve always interested and intrigued by Passive Income Online. I read some of the comments about this topic.
Is it really possible to generate Passive Income Online? I have tried some affiliate marketing, but some of the training programs are just a complete rip off. Then there are another ones extremely expensive, and completely out of my budget.
For Brad, try Flipa . They buy and sell sites…..
Does anyone have any suggestions? I really want to get fully into Affiliate Marketing.
Thanks,
Jeff Rose says
Hi Gloria – If you really want to get into affiliate marketing, you’ll have to have a website. Have you considered starting a blog?
GS Rao says
amazing ideas, is there any template to track the progress of these ideas and income generated?
Jeff Rose says
You can try setting up an Excel spreadsheet to track them, but I’m not aware of any specific tracking software.
Ramaiah Nagarajan says
I am from India
I am in construction business buying land of 1200 sqt and construct 600 to 800 sqt building and sale the property to the needy..
For the above business i am souly depending on private finance for every project..
If you have any group of people to lent the money to the tune of 25 lakh (2.5 million) I can pay 21%..
Please if you could arrange through any source my company will be a source to get regular passive income one or a group of investors…
Jeff Rose says
Hi Ramaiah – Unfortunately, I’m not aware of lenders will provide financing in India, or for that matter anywhere outside the US. You might want to try doing a web search or checking with local peer to peer lending/crowdfunding sources.
Harish Kumar says
Thanks for the great Ideas, I am looking for a work from,I am this will be helpful for me, keep doing this great work.
Inna Laurie says
Excellent ideas! It’s always tempting to pick up a part-time job because the money is immediate.
Sanjay thapa says
Thnxx.. M glad to know that there are lots of passive income options . Thnx for info it helps me lot 🙂
Huseini Musah Baza-Awe says
Thanks for letting us know.
All of them are great ideas.
It’s up to every reader to pick and choose.
I have already chosen what I want to focus on.
steve says
Thanks for the article – any advise on robo advisors outside of US? Where funding methods are not required to originate from a U.S.-based financial institution. Seems Betterment and Wealthfront just serve US based customers? Thanks
Jeff Rose says
Not really Steve. I have my hands full with the many robos in the US. But what I do know is that most of the US based robos aren’t available to non-US investors.
Bella says
Wow!! Amazing. I’ve always wanted to earn money passively and I guess I landed on the right page to discover some of these wonderful ideas and methods which I will start on immediately. I know this will take a long way and free me financially. Thanks for sharing.
Regards
Bella
Rosemary says
Thank you for all the good recommendations. I’m interested in the cashback reward programs like ebates and moneybackplus.com. Do you have any recommendations on these programs?
Jeff Rose says
Hi Rosemary – I don’t have any specifics (other than what’s presented in the article). But there are a number of good articles on this topic all over the web. Just try googling the topic.
Giuseppe says
I like your idea about buying abandoned blogs. How do you go about finding one and how do you know the amount of web traffic – as well as a demonstrated cash flow that they have? Thanks.
Jeff Rose says
Look at Flippa or GoDaddy Auctions
ReinisZ says
Hey, Jeff.
Great article and ideas. I wanted to ask you what is your opinion on making money with a cash rewards network? I came across something called FluzFluz and it looks promising.
Would love to hear your opinion.
Thanks in advance.
Jeff Rose says
Not familiar with them.
Jeff Rose says
As long as the network is legitimate, it can be a good way to pick up some extra money on a steady basis. You won’t make a fortune, since your rewards will be limited to how much money you will spend. You certainly don’t want to get carried away, spending money just to generate rewards. That could put you into a situation where you will spend more money than you will earn from the network.
Anthony Mitchell says
Great Article,
There were a few suggestions that I had not thought of yet, thank you!
AG says
Great Ideas 🙂
I tried all kinds of ways to make money online.
What works best for me is koocam.com
I sell my knowledge (my hobbies, DIY, tips etc)
And make good money from it!
It’s great 🙂
Highly recommended !
Laura @ bodytalkezine.com says
Hi, Jeff —
I want to thank you for the great article. I was looking online for some inspiration to re-ignite my side-hustle and breathe some new life into my existing efforts. Your ideas here are fabulous and I’ve made notes on seven of them. I already have a lot of the concepts started, but you have given me the spark I was looking for to keep moving forward. Thanks for the help!
*Laura*
Jeff Rose says
I’m here to help Laura!
Lê Huy says
Hey bro! I’m Huy – a blogger from Viet Nam. I read your article and thanks so much about content. However, to get income is not easy, it so hard than my think. Therefore, I think the most important is we need to keep patience to make income.
Mark Davies says
Jeff, I think you’re onto something with your blog, but I’d encourage you to double check you writing as you had a lot of typos. It makes your blog feel less credible.
Just my honest feedback. Keep after it!
Mark
Jeff Rose says
We do our best to proofread Mark. But when you write articles that are 2,000 – 3,000 words, there are going to be errors that don’t get caught. We’ll certainly try to do better going forward.
Beth says
Hi Jeff!
Great resource.
If you do not already have it I would suggest downloading Grammercy (might be misspelled – I am on my phone). It looks not only at your spelling but also your grammar. All you have to do is place your pointer over the offending word or phrase and options will appear – no need to click on the word(s) to see them.
Shawn says
Hey Mark, you made a comment advising Jeff to double check his content because there are a lot of typos.
You might want to double check your own comments before posting?
You wrote: “but I’d encourage you to double check you writing”
Anything wrong with that picture? 🙂
Jeff Rose says
We all make mistakes!!! 😉
usama bhatti says
yes..!!! absolutely we all make mistakes..but you know that there are alot of replys or opinions gives us a maturity in our opinions and increase our knowledge about that what people think and how they think and which way they use to think….
Lucas says
#26 Create a blog with a big name, alleging that it reveals the secret of passive income and then give the most obvious, not-so-passive income ways. All of these ideas are the most basic and obvious ideas.
The internet is unfortunately so full of these so called idea-givers with no background.
Join an affiliate program. Thanks. Which one? How? How to make it successful? At which point does it become passive, without me keeping on throwing money into Google and amending the marketing or the page?
Real Estate? How much do I need to invest? And if I had that kind of money, why real estate? Why not a container? Where to invest anyway? How?
Come on…
Jeff Rose says
@Lucas so which one these “basic and obvious ideas” have you implemented?
Jeff Rose says
Hi Lucas – This post is meant to be an overview only. It isn’t meant to be a deep dive into any of the ideas. As to the ideas being not so passive, the only TRULY passive investment is putting money into a bank and getting interest on it. But with bank interest rates well South of 1%, we have to look at not-so-passive to find remotely passive.
sandy says
A lot of these ideas are not very passive 🙁
Wallet Squirrel says
Wow! What an awesome list Jeff! My favorite is the stock photography as I love photography. I have some success there, particularly with one photo I make some decent income from. I think the key with stock photography is finding a shot that is high demand then find a new unique way to frame that shot. This is the reason my St. Louis Arch photo is a top 10 on both of the platforms you mentioned above. Thanks for the awesome ideas above!
– Adam
Ship Me This says
Thanks for these methods. I rented out space in airbnb. But no one is applying in that. Like that i guess other methods also look bleak to me.
Jeff Rose says
Geography plays an important role with AirBNB. The results are better if you live in a large urban area, or somewhere close to business or recreational amenities. It doesn’t work with all locations.
James says
Hey thanks for the great article! My main goal is to only have to work one day a week by the time I’m 30 and a few of these methods I hadn’t thought of. I was just wondering about the photography method, with your wife having a few hundred uploads onto the website what kind of money does she make back from that a month?
Thanks in advance
James
Jeff Rose says
@James My buddy that was doing this was making between $500 to $1k per month from his stock photography side hustle.
Dani says
You forgot corporate and municipal bonds
Jeff Rose says
I didn’t forget them Dani, its just that the interest rates on them are pretty low.
Selma Roth says
One of the commenters said,”Writing your own eBook and designing your own products can be very rewarding, you just need to get your work in front of an Interested Audience. This may sometimes prove a little more difficult than originally anticipated.” That’s where I am. I have two websites with e-books and products, but I can’t figure out where to advertise or how to promote them. Any ideas would be appreciated.
Deanna says
A few things…
For anyone thinking of renting out their place via AirBnB, just check to make sure that it is legal where you live. I live in NYC and AirBnB is illegal here because a short-term rental for under 30 days is only allowed if you are a legal hotel. If caught renting or even advertising your home within the five boroughs of NYC on AirBnB, you could incur heavy fines for running an illegal hotel. Plus, most neighbors in apartment buildings don’t want strangers tramping in and out of their buildings all the time, so there could be trouble from people making complaints. So, check the laws where you live if that’s what you want to do!
I have a question about e-Books and online courses – how do you protect your work so that purchasers do not share it with people who haven’t paid for it?
Also, Mr. Rose, you have quite a number of typos in your article! I think the next person you hire should be a proofreader! Thank you for the ideas, though!
Jeff Rose says
Hi Deanna – That’s a good catch! Another one to beware of are condominiums, if you live in one. The bylaws usually restrict occupancy (tightly) and you could be fined for renting out your unit to strangers. So for anyone who’s considering AirBnB, it’s always best to check out local laws or neighborhood requirements.
As to copyrights, there are various ways to minimize the likelihood of theft of your work, but none are foolproof. But rest assured that if someone were to reproduce the work under their own name, they’d face legal action. It would be obvious if they were selling the work on a widespread basis. It’s amazing the information that’s making it around the web. Theft on a large scale has a way of being discovered.
Deanna says
I wasn’t thinking so much of plagiarism as I was about the simple act of someone sharing and passing it along to someone else. With e-Books, for instance, although I know there are several formats for them, I assume they are mostly PDFs to download. I don’t think it’s possible to password protect a PDF for opening (I think you can do it for printing or editing), nor to have some kind of time limit on being able to open it. As for courses, how do you ensure that the link or file doesn’t get passed around and accessed for free by people who didn’t pay?
Jeff Rose says
Hi Deanna – That’s always a possibility, but you can’t spend too much time worrying about it. After all, it’s common for people to read a book, then pass along to someone else. If your work can benefit someone else all the better, it isn’t all about making money. And on the brighter side, you can gain a new fan in the person on the receiving end of the ebook. It’s a problem, but not as big as you might think.
Ethereum says
The first title says; “23 Passive Income Ideas You Can Start Today
By Jeff Rose on May 5, 2017” then a second title says; “24 Passive Income Ideas That Will Legit Make You Money While You Sleep:” yet really they give 25 ideas. I think I am the only one paying attention here. Why didnt you list Cryptocurrency? You can make the BEST passive income mining ETHEREUM and BITCOIN.
Jeff Rose says
That’s more of a speculation on higher prices than it is a passive income.
Deanna says
For most people, cryptocurrency like Bitcoin is too complicated to figure out! And when you finally learn enough to start making sense of it, it becomes clear that it’s actually rather risky!
Gabriele says
Deanna, that’s actually wrong. There is ZERO risk when he matter is MINING bitcoin and ethereum or any other cryptocurrency. Mining is 100% safe and guaranteed to make money, so it actually does work as a passive income as long as your electricity bills are low.
Now, cryptocurrency investing and speculation is a completely different matter, which can still be pretty profitable if you know what you are doing.
Gary Doublé says
Although technically true, unless you invest in some pretty serious and dedicated mining hardware you aren’t going to see much of a return on this one.
Alexey says
Mining Ethereum or other “old” coin is stable way to earn, but each day more and more want the same.
For me it’s easier to find “young” coin (like GIN coin) and mine it or invest it. ROI is much higher.
Nate says
A lot of the things mentioned above are right. there are so many opportunities to make some side money. I’ve recently been looking up different ways to create any kind of side income than can possibly help me out . I can tell you right now if your a beginner like I was, the best place to start would be signing up as an affiliate for amazon which is the most newbie friendly! Learn the game and grow. Or you can create your online store and dropship with shopify real people make thousands a week by doing this and you need little to no money to start. (Drop shipping as simple as i can put it is basically is where sell items from chines suppliers that can be dirt cheap and sell them for 2x 3x 5x the amount there being sold for)
Tylen says
I’ve quit my $16 dollar an hour job after 15 months to be able to work from home at 24 years old, a 2 year old with another on the way. Due to following one of my mentors, telling me that work does not have to be a hassle to my lifestyle. He has given me a great method to be able to work from home to generate more than my bi-weekly paycheck. Which was around $800 dollars a week. Not bad I know, but the actual work was very harsh to any human being ha. He also told me it would only cost my time and effort, only about 3–4 hours a day. So every since I made my transition my life has become a breeze with much less stress physically and financially.
I’m willing to pass the method on as I know that the workforce is a must to survive. Though it’s not supposed to be a hassle on LIFE in general.
Eleanor says
I’ve explored for some time, made small investments over the years which I will say none of which panned out. I’m nearing the end of a long lucrative career as a hairdresser and honestly would love some peace at home and bring in a passive income. Would love to hear whats made your life as a mom better. Congratulations on your up and coming newest little member to your clan.
Neicey says
Hi Tylen,
I would LOVE to hear about what you are doing to generate your passive income…sounds intriguing! Please share 🙂
Claire says
Tylen, I would love to hear more about you generate your passive income.
Rita says
Tylen,
I would love to know how you’re making money at home! I’ve been looking for some time now. Thanks!
Karolina says
Hi Tylen, I am currently exploring a passive income opportunity but I am interesting in learning about yours as well 🙂
Karoline
Jeanne says
Hi Tylen,
I just lost my job and given my age I don’t know when or if I’ll get another job. I can’t collect unemployment because I worked for a religious institution. It would help me out tremendously to be able to make about $800 a week as you do. Can you please help me and give me some straight up and complete information on how I can do this? Thanks, and God Bless!
MyDigiTrade says
Your 23 passive income ideas are really amazing. I see your all ideas.Sell your own product on online I think this one is best.
Henry says
I thought this was a great article and was planning on investing using Lending Club, until I did some more research and found out more, including this:
https://www.bloomberg.com/news/features/2016-08-18/how-lending-club-s-biggest-fanboy-uncovered-shady-loans
How can you still recommend Lending Club as your #1 option in light of recent scandals?
Jeff Rose says
@Henry
1. The “recent scandal” you cited is August of 2016.
2. My Lending Club account is still active and still making money.
Henry says
Got it, I guess 10 months old means we should completely ignore it. Thanks for the courteous and professional response.
Gaurav Heera says
Great Information, So Helpful always try to read all your post and making more money on the internet. Thank you So much.
Ronald Segura says
Hey Jeff,
Thanks for sharing this great article.
It’s funny to think that many people still don’t believe in the power of passive income and they’re still living the lifestyle of the 9-6 job.
I started working from home as an interpreter about three years ago and I also started a few blogs since then.
I’ll never regret the decision I made when I first started with this because It has changed my life and also my family’s.
Again, thanks for sharing!
Ronald
Sooner says
Wow, now I’m interested in earning more passive income, Thank you for wonderful tips
sachin panchre says
Thanks for this useful information there are lot of ways where I can start from to earn passive income thanks for sharing
Samuel says
Great post! I’m hearing REITs for the first time.
Thanks
SB@OCAAT says
Buying a blog or creating an e-book demand you have a creative or knowledgeable mind. It also requires you to find a certain number of hours that you ought to spend doing research and creating content. You might need some time before you succeed in reaching out to your target audience, but in the end it will fetch a good ROI.
Muneer says
Yes you can do, If you write an articles to direct a book, it’s not better idea.
If you read a book and all words to convert to your mind, It’s called rewriting.
The Idea is best rewriting on blog.
Old blog is very powerful.
Deon Christie says
These are all great ways to earn money online, thanks for such conclusive work. I’m at #7, #8, #14, and #23 as a Pro Blogger. Writing your own eBook and designing your own products can be very rewarding, you just need to get your work in front of an Interested Audience. This may sometimes prove a little more difficult than originally anticipated.
Stephen says
I’m always a fan of finding new lists for passive income. A lot of them just repeat the same things over and over but this has a few new ones I may have to try.
keisha Bridges says
Awesome article. I am personally a fan of affiliate marketing. It’s a great way to leverage someone else’s business and start your own. I’ve been a part of an affiliate program for a while now where I’m earning 25% commissions on sales and it has truly been a blessing as far as my finances are concerned. Passive income is definitely they lifestyle to live. I’m hoping to upgrade soon to the 35% commission tier so that I can make enough to quit my 9-5 and really be free to live the life I want. Check it our here if your interested (queensmarketclothing.com); it’s only $10 to get started and the company is super helpful in helping you get started and marketing the products.
Bradley says
Very useful and interesting ideas. To make a passive income is not an easy task as someone may say. It requires responsible approach and a lot of effort.I, personally, think of generating revenue from rental properties. And I was considering Queens in NY. However, I hadn’t even thought about trying index funds before your post, but now I believe it might be a good idea. Thus, thank you for sharing.
Akash says
Great tips on building a passive income ideas. My favorite passive income sources are blogging and ebooks.
Bert says
Investing and affiliate marketing are probably the best ways to earn money passively nowadays.
arava says
Great article,
I tried all kinds of websites to make money online.
What works best for me i’ts Koocam.
I teach my hobbies, and sells my knowledge.
It’s great !
Morghan says
If you use Loyal3 don’t expect them to be an agile investment service. They have buy and sell turnaround times that are absolutely ridiculous.
Patents Wall Art says
I started selling my graphics & photos part time on stock agencies 6 years ago. Now it is my full time job and branching out in other areas. Best move I ever made. Great advice Jeff!
Jeff Rose says
You’re welcome! So many of these ideas can work if you put in the effort, and keep working at it long enough. A lot of really good business ideas are abandoned too soon.
Paul says
Hi Jeff,
Great article!..Probably already mentioned in the other comments, but there is also TURO for renting your car out(the Airbnb of car rental) for fixed periods for income..
Tj Hunt says
Hi Jeff,
Since the age of 17, I have wanted to be financially free. The thought consumed me, and I was constantly reading articles. To put it brief, it was my dream. I have already started investing and have tried a few things here or there, but I haven’t really found a true fit yet. I’m 18 now, and am really looking for a mentor to steer me in the right direction. I know with a little bit of guidance I can do big things!
I would really appreciate some advice,
Tj Hunt
Jeff Rose says
Hi TJ – Try some of the methods in this article for starters. But also read any of the articles on this site that talk about creating income. You’ll find something that will work for you. A lot of it really is about trying things until you find what works, and it’ll be different for everybody.
Bargav says
Hi TJ, Try reading books like ‘Think and grow Rich’ , ‘The Richest Man in Babylon’, ‘RichDad PoorDad’, …
Brian says
Hi Jeff,
Great article! Thanks for sharing such good advice on a variety of potential income topics I’d never even considered.
Unfortunately, the editor and proofreader in me always examines the details in any article I read under a microscope.
Might want to check your math Under your Buy a Blog section though, where you wrote: “From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $3,000. ”
24 X $250 works out to $6,000, not $3,000. Probably just a typo, but my obsessive alter-ego thought I should let you know about it. 😉
Currently reading your article How to Make Money Blogging.
Keep up the great work!
Regards,
Brian
Jeff Rose says
So right Brian! Correction made! Thanks!
Sam12587 says
Nice list. Now I’m going to go through my online photo album & see if I can parse out some pics to the web 🙂
Some passive income streams just seem too over done. Like there are so many blogs out there. I dunno if that’s just me being bummed out or not. Just seems like an overload out there.
Jeff Rose says
Hi Sam – Don’t dismiss the blogging idea too quickly! If you have real expertise in an area, or can bring a fresh approach to something it can work. Have you considered a blog about photography? (It’s just a thought!)
Azad says
I personally like 14, 17, 20, & 23 these passive income ideas related with me. I am in blogging, SEO and make money online niche. These and many more options are there which beginners, bloggers, and marketers can use to get rich and earn regularly from the Internet.
Lane says
I blog and podcast about turnkey rentals while working a full time job. Always looking to help others.
Centsai says
All of these are great ideas to earn a little more spending (or saving) money! I agree that investing in real estate can be passive, but it also depends where you invest in! If you invest in real estate in a college town (which has many pros and can give you a nice deal of money), in my opinion it doesn’t tend to be passive! College students (even the more responsible ones) tend to cause wear and tear, making your job as a landlord non-passive.
Kevin Johnson says
That is very true. Have you considered renting to their parents instead? Walah!!! Now, you have a built in real estate manager with no 10% fee.
Kevin
Heather B. says
Hello Jeff,
Thank you for this information! I honestly did not know all of these possibilities existed for me to make income! I am despretly eager to earn money to contribute to my family and to save for the future. So… Thank you!
I am very disabled by a genetic collagen integrity condition called Ehlers-Danlos Syndrome Ht (EDS-HT)and it effects all tissue, joints, GI Tract, my heart, nervous system and much more, which creates huge challenges for me physically. I was disabled at a young age, had to quit work at 40 years old and I am eligible for $600 month. Due to the progressive syndrome, all work I have tried I could not physically sustain within only a few days.
I share this with to let you know how much your expertise and your creating this information means to me. I will now put this link to your site on the Inspire-EDNF (Ehlers Danlos National Foundation) site to help so many others like me. Living with this condition, I can become a hopeless mess. Today, THANKS to you, I can begin planning how to contribute not only to my family and savings but also to causes very close to my heart.
With Sincere Gratitude,
Heather B.
From the mountains of Colorado
Thanks for throwing some hope my way!
MJ Shalaby says
Number 17 is especially lucrative. I went a step further and created a website for electricians. Then i worked to rank it on google. Now i get paid every time someone calls the number and i refer it to the electrician i work with. For an idea you can look at our site…www.electricianbirminghamal.com. We arent electricians.
Jeff Rose says
Very true MJ! It’s a way to create a passive income source, which is exactly what you’ve managed to do. It’s good to hear from someone who’s out there proving that these strategies DO work.
Chris says
Nice! What kind of referral fee do you collect each time?
Nestor Paul says
Excellent post! Never thought some of your list would make money passively. Thank you for sharing, surely i will try some of them.
Matan says
Nice One, I would like to add another (and very important tip, for my opinion) idea for a passive income. Annuities. you can create yourself a Lifetime Incom Plan. it’s like a privet pensions if you do it the right way. you need to find one that is safe and affordable because lots of them are NOT GOOD (to say the least). the good ones will give you a guaranteed income for life.
so I’m calling here to everyone to learn the subject deeply.
Jeff Rose says
That’s a good one Matan. I don’t know if I’d go so far as to recommend annuities to everyone, but they are a passive income source – or at least good annuities are.
Daniel J. Chappell says
I have been looking into getting onto the US scene, especially on the idea of wealth management portfolios but I’m a Bruneian and not living in the U.S. The tips you offered are great but do you have any suggestions or ideas for us international investors who would like to get a slice of that delicious cake called ‘financial freedom’ as well?
Jeff Rose says
Hi Daniel – A lot of these ideas aren’t limited to US residents. You can take advantage of any of the online business ideas from your own country. And perhaps you can invest in certain businesses or real estate as a partner with a US resident. The financial investments may be limited since many brokers do require US residency.
Stacey Grant says
All I can say is “Oh My God”.
Jeff this list is terrific!!!!
I can usually sale anything and with this information WOW!!!.
I am inspired & encouraged to think creatively.
I have so many ideas of how to utilize this list.
I am thrilled here. Thanks so much.
Lane says
For real estate it drives me crazy how people with a lot of money and have busy jobs are lured into flipping homes. THIS IS NOT PASSIVE. So dumb.
I invest in turnkey and low hassle income rental property and it works with my busy w2 job.
Jeff Rose says
I think you may be right Lane, at least in regard to flipping houses. But if you buy, hold and rent out the properties it leans more passive.
Sergio says
Most of these are NOT passive income. Just jobs.
Jeff Rose says
Hi Sergio – You may have a point on 4, 6 and 8, but the rest involve truly passive ideas, or ones in which you create a product then market it and earn money passively from it. And even with 4, 6 and 8 you’re basically monetizing skills you have and probably do anyway.
Muneer says
I learned your 4,6 or 8 points,
Most of these are NOT passive income. Just jobs.
Aren’t get any passive income.
Kevin Johnson says
These so called expert flippers” go from town to town promising free workshops. Then they put on an emotionally charged prep rally. Before you know it, you have whipped out your check book and paying huge fees for their system. Folks read and learn. The library is free.
Kevin
SAKHILE says
I’m a South African College Lecturer and I intend on leaving my job to find a career online as I realise that I can’t continue earning an income the same way my grandmother did. So I’m on the hunt for online income generating opportunities. This article has been helpful and I have booked marked it. I have started my journey with buying bitcoins, joining a social financial community: MMM, and now am looking to add to my list Blogging, Youtubing, Creating an App/s, creating an online course, creating online guides. Your article has proven very helpful and excellent in many regards….I will use it as a reference guide. Thanks a lot.
Ross says
Best and most complete list I have come across. I think I will try a few of them. Thank You for helping others get out of thier nightmare jobs.
Skevi says
This has been the most useful article to me. Thank you
Tyler @ Oddball Wealth says
Great passive income ideas. Thanks for sharing!
DividendVet says
Great compilation of passive income sources. I am currently working on a few of them at this time. More specifically Dividend Growth Investing, Real Estate Investing and Website Investing. Though, the biggest thing I like with passive income is you work once at that one thing and reap from it hopefully forever.
Keep up the good work!
EL says
So far rocking out 4 of these ideas, but need to step it up as the internet is changing. Good choices and I wonder how many passive income sources the average person gets?
Ellen Carter says
I have and idea for an online course, but what technology do I need to be familiar with in order to accomplish?
Jeff Rose says
@Ellen Take a look at Teachable.com. By far one of the best sites you can use to build a course (I just built my first one through there). They have a free option where you can test it out and see how it works which I utilized until I was ready to sell my course.
Jeff Rose says
@Ellen Take a look at Teachable. I used it to create my first course and it’s awesome.
Karl Domm says
This is an excellent list. I would like to add self directed investing in the stock options market. Depending on the system you employ it can come with a large learning curve. However the upside once you get over the curve is tremendous.
fereydoon says
My interest in passive income began when when I was at elementary school. I’m astonished –people will actually give me money for doing nothing? I’m trying to live by passive income ever since. Not there quite yet but good right now, also your good articles and ideas put new ways in front of me.
Bloke says
Fereydoon –
would you care to share some of your ideas, as to how you are generating passive income? always interested in how others are achieving it.
Nicolette says
What are your passive income resources Fereydoon?
Jordan Malik says
Great article but #8 is a little light on sourcing and selling ideas for physical products: If you have unwanted clothing and/or broken/used electronics and accessories, eBay is still the top marketplace to turn that into cash. You can sell new/used electronics, toys, and books on Amazon for top dollar. If you’re crafty (get ideas from most-pinned holiday craft photos on Pinterest), you can sell on Etsy.com. Sellers on each platform can get started on a shoestring. Good luck!
Johnette says
Great advice Jordan.
Emmanuel Edino says
My candid opinion many of us just refused to key in to this great wealth making machines(internet medium) for the following reasons:
1. Wanting to do all things at the same time. This is what i call scattered energy. Directionless purpose.
2.Procrastination—The biggest thief of all time, that is still at large hoping to be caught and nipped in the bud someday.
My advice =Do-It-Now.
Kurt says
I have done or am doing 10 of these 23–not too bad, I think! Several here that never crossed my mind and sound appealing. Thanks Jeff!
Rob @ MoneyNomad.com says
Excellent ideas! It’s always tempting to pick up a part-time job because the money is immediate. However, if you are willing to be patient and invest your time, the rewards are significantly higher.
Natalie @ Financegirl says
These are really good tips that work! Personally, I am focusing on increasing my subscriber list to 10k+ and then I want to launch an ecourse. I think the online product space is really great, but I want to first have the appropriate audience. I’m always trying to think bigger because my law school debt is so big!!
Money Beagle says
Passive income streams are defnitely an area where I have not put any attention, and need to do so some day soon. Good list of ideas here, I’ll for sure be back to reference this soon!
Cat@BudgetBlonde says
I’m always interested in earning more passive income. One thing I did was buy a website and hire someone to run it. I keep a hands-off approach on it and only put in maybe an hour/month. It’s worked out pretty well. I’m also exploring more things like a book and I’ve already created a course.
Brad says
@Cat – Where did you find were the best places to find a blog to purchase?
Thanks
Brad
Sal says
A big marketplace for websites and blog (that are already generating revenue) is empire flippers. Websites on sale aren’t cheap, but they are, compared to the most brick and mortar business. There are a few more on sale on Flippa. I haven’t tried it yet as a buyer but as a seller.
I found informations on p2p lending in Europe on this blog https://www.revenue.land/blog/best-p2p-lending-tools
Some tools might also be available for US investors and US companies. Interest rates in p2p in Europe are higher then US. I believe p2p lending is passive income, buy and run a blog is far less “passive”. At least buy a blog on something you have a passion about…otherwise it would really sound like an active job.
Bhaskar says
Amazing. Even i am looking for some people who are interested to work with me so that we can build passive income and help people invest on earth which can go a long way in the near future.