Passive income ideas is one of the most searched topics because people are always looking for ways to make extra money. This article has 10 realistic passive income ideas that are easy to start, require very minimal to no investment and are the perfect way to start making extra money online.
Passive income ideas are side hustles or real ways that can help you make you a certain amount of money month after month even after you stop working on them for long hours. To put it more simply this is money earned without actively working for it.
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Passive income can also be referred to as recurring or residual income. Some of these passive income ideas might require you to invest time and money upfront while some require little to no effort like signing up for programs like Rakuten.
I understand if you think it sounds good to be true. How passive income ideas work is that when you are starting you will have to put so much work. It will require a lot of hard work and sacrifice as sometimes you might even find yourself working on those odd hours. Once everything is set you will be able to enjoy the benefits with little effort.
From experience, online passive income ideas are the best because they are so much flexibility. You can work from anywhere and anytime as long as you have access to a stable internet and a computer. These jobs will allow you to achieve your dream lifestyle.
These passive income ideas are not only ideal for stay at home moms but also for anyone who is willing to spare a few hours in a day and is looking for ways to make extra money. So whether you are a single parent, a college student any of these passive income ideas can work for you.
It’s important to note that it’s not one job fits all. Simply evaluate one or two passive income idea(s) then choose the one that you strongly feel will work for you. For example, someone might be so comfortable working at night while that might not be your gem. An online job like tutoring, you won’t be able to tutor kids late at night, that requires someone who can work during the day. Find a job that fits your schedule especially if you have a 9 to 5 pm job.
1. Start A Blog
Blogging is one of the most profitable forms of passive income ideas. I love blogging. Starting my blog(s) is one of the best and most rewarding things I have done in my life. Life-changing. I have been blogging for a long time but it was just a hobby until after some research I discovered I could make a career out of it.
Blogging is not a get rich quick scheme as some people think, a lot of work goes behind the scene but it’s all worth it. There are so many bloggers making more than $1000+ a month. Earning potential is limitless. Don’t believe you can make money blogging? Check out this income report of 19 Inspiring bloggers who are making a living blogging.
If you are willing to put in the work you will soon reap the benefits. I am a strong believer that we can accomplish anything we set our minds on. There are so many ways you can make money blogging such as through affiliate marketing, sponsored posts, ads and sponsored posts.
Wondering how to get start a profitable blog? Check out my step by step on how to start a profitable blog. The best part is that you don’t have to be tech-savvy to start one or head over to Bluehost and get set up for as little as $3.95/month.
You might be wondering, I have started my blog then what? If you want to run a profitable blog from the word go I highly recommend Blog by Number course. It’s a course by Suzi the blogger behind startamomblog. She is one of the most successful bloggers in the industry. She started blogging in 2017 and in less than a year she grew it from $0 to $20,000 per month while raising her little ones.
Blog by Number course is a road map to blogging. You will learn how to write your first post, how to get traffic to your new blog, how to make money blogging from day 1 and much more. The course helped me set the right foundation for my blog. After going through the course and implementing the tips I made $200 in about two weeks.
2. Freelance writer
Do you love writing?
Freelance writing is one of the passive income ideas you can give a try. There are so many companies and bloggers looking for freelance writers because they want fresh content and the best part is that you can do it on your preferred hours. You become your boss.
As a freelance writer, you have freedom as you can write from anywhere and anytime you want as long as you meet the deadlines. Depending on the article you can make anywhere from $25 – $100. Good, right?
As a beginner, you can get freelancing gigs from Upwork and Freelancer. As with most of these online jobs, you can work from any part of the world and on your schedule. Your pay will depend on your skill level and experience.
Freelancing has so much potential and it’s the perfect way to make you extra money online. For example, Gina who is a six-figure freelancer started her freelancing career in 2014 and was able to earn $4,000 per month while working part-time. She later quit her full time job after seeing how successful she was being a freelancer to focus on it. She now earns a six-figure and she has an amazing course 30 Days or less to Freelance writing success. There is no better way to learn that from a pro. She will show you how to run a successful writing business easily.
There are so many topics you can write about but if you aren’t sure to check out these 200+ freelance writing niches that are waiting for you and will give you an idea on what to focus on.
3. Passive income ideas: Online Tutor
Nowadays everything is online. You can do and accomplish so much online. Online tutoring has been made easy and it’s one of the best passive income ideas. There are so many topics you can tackle. Think of an area that you consider yourself an expert, something that people would pay for.
Many people are scared of this side hustle because they think they ought to know everything but you just need to be a few steps ahead than the person you are teaching.
One way you can go about is by creating a course(s) online. The key to having a successful course is first to evaluate what your audience is going through then come up with a solution. If you provide them value you can be sure you will make money from it.
You can sell your courses on platforms like teachable, SendOwl and Udemy. For example, Suzi from startamomblog has made over $300,000 from courses in the past two years. If creating and selling a course is a passive income idea you want to try, I highly recommend her course called Course by Number. I love Suzi because she tells it as it is, doesn’t beat around the bush. What better way to learn than from a pro, right? Learn how to come up with the right course ideas, launch your course successfully with sales page secrets, how to market tour course, set up an evergreen funnel to bring sales daily and more.
Another best and easy way to be a tutor is by teaching English online. For most companies, you need a college degree to teach English. As an English online tutor, you can make 1500+ a month. You don’t need to be a native English speaker but you have to be fluent in English.
Want to teach English?
You can go through companies like VIPKid, Qkids, Magic Cars. The best part is that they provide all the teaching materials you need. As a tutor, you can expect to make between $20 – $30 per hour. As long as you are providing value, this is a lucrative passive income idea worth considering.
4. Sell On Etsy
Opening a store on Etsy could be your best online job. Millions of people every year buy from Etsy. There are so many you could sell. If you are creative and you have an eye for design you can consider creating homemade printables, coloring pages, planners, DIY gifts, necklaces, bracelets and much more.
There is plenty of opportunities for you.
If you don’t know where to start, just browse through Etsy and see what other people are selling. That might help you to brainstorm great ideas for you. Nowadays most people looking for unique, handmade crafty things. Which means that it’s very profitable.
5. Become a photographer
Do you love taking pictures?
Even thought you can make money taking pictures? Yes, there is money in photography. Nowadays everything is visual. People want beautiful pictures. Beautiful pictures sell because people are willing to pay for them.
With the rise of websites, there are so many bloggers looking for stock images to use on their websites (me included). All you need to get started is a good phone or a professional camera and basic photography skills. The more you take pictures, the better you become.
There are so many sites where you can sell your pictures like Shutterstock, Istockphoto, Fotolia, and Bigstock. Once your photos are approved by the site they are put up on the website and every time someone downloads your photo, the site will pay you a royalty amount. you can start a membership site Ivory mix.
Are you keen on details? Do you easily catch grammatical errors? Proofreading could be your work from home job. A proofreader is someone who reads a book or a manuscript correcting any spelling mistakes and removing grammatical errors.
As a proofreader, you will never lack a job. With the rise of websites, proofreaders are always in high demand. There are so many people making between $1000-$4000 from proofreading.
7. Become a Virtual Assistant
One of the most rewarding passive income ideas because anyone can do it. As a virtual assistant, there are so many skills one can offer like editing articles, creating content, managing social media accounts, planning travel, and graphic design.
You can either charge hourly or a flat rate based on the task or a daily/weekly rate. You can make between $25- $100 per hour as a virtual assistant, which depends on your skills and experience.
As a beginner, you can make between $10 to $50. With the rise of technology, so many companies are looking for people who can work remotely. A virtual assistant is a work from home job that is always on demand.
If becoming a virtual assistant is something you want to try, I highly recommend checking out 30 days or Less to Virtual Assistant Success, it’s a course by Gina Horkey who is great and phenomenal at teaching others how to start and run a successful home-based business. Download this FREE list of 150+ services you can offer once you become a Virtual assistant.
Within 6 months of been a VA she was earning $4,000 on the side each month (while still working full time!). How amazing is that? Now you get to learn how you can the same.
8. Affiliate Marketing
Affiliate marketing is one of the best passive income ideas where you can make extra money even from the comfort of your home. Affiliate marketing is promoting someone else’s product to your targeted audience and when someone buys using your unique link earn a commission.
I love affiliate marketing, it’s one of the best and main ways I make money as a blogger and once you grasp the basics you are set. The commission can range anywhere from 10% to 90%. The higher the commission rate the better. Some products have a one time off commission while for others it’s recurring which means you earn your commissions for as long as the customer is using the product. For example, convertkit has a 30% recurring passive commission per month.
To get started with affiliate marketing, you need to join high paying affiliate programs. This master list has more than 500+ affiliate programs to choose from. It covers almost all niches such as faith, personal finance, blogging, personal development, parenting, fashion and so on.
The biggest people make is promoting the wrong product which means 0 conversations. This master list will help you find the right product for you to promote, one that resonates with your audience. It also comes with a free tracking spreadsheet that helps you to keep track of all the affiliate programs you have joined avoiding any confusion.
If you want to learn more about affiliate marketing I highly recommend singing up to this free affiliate marketing course. It’s a amazing. You will learn how to do affiliate marketing like a pro. This is my second way to make money online first being blogging.
9. Become A Scopist
A scopist is someone who edits documents for court reports. It’s a great idea because you can do it from the comfort of your home. As a scopist you can be able to make a full-time income from home.
Want to a scopist?
Join this Free 7 day scoping mini course by Linda Evenson who is a successful Scopist who earns a full-time income from home. She now teaches beginners how to earn money through the Internet scoping school. You can earn up to $4,500 per month just by editing documents. The FREE 7-day scoping mini-course will help you decide if scoping is the right career path for you.
10.Earn a passive income from Rakuten
Rakuten is an online cashback program that allows you to save money when shopping online through their site. They have amazing discounts, deals and promo codes that allow you to buy products at a cheaper price than you would if you bought directly from retail stores.
You just need to download the Rakuten Browser extension and every time you visit an E-Commerce site online that is eligible for cashback you will receive a notification.
You can make money from Rakuten ways. Through the referral program and by getting cashback. They have a great refer a friend program where you earn awesome commissions for successful referrals. Join the referral program program here. You can promote Rakuten on social media platforms like Facebook, Pinterest, Twitter or on your blog.
There you have it, folks, 10 best passive income ideas you can start today and from the comfort of your home. A perfect way to make extra money online. You can easily turn one or two of these passive income ideas into a full-time job.
Whichever passive income idea you decide to try patience is vital. Remember it doesn’t happen overnight as it requires you to put in some work upfront.
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