Passive income is a type of income that requires less to zero effort to maintain. It’s a great way to earn money while you sleep, travel, or focus on other projects. There are more options than ever to make passive income online because to the growth of the internet. Here are 11 online passive income ideas to consider.
1. Affiliate Marketing
Affiliate marketing is the technique of generating income by advertising the goods of other people. This may be accomplished via email marketing, social media, or blogs. You’ll receive a unique affiliate link that tracks your referrals and pays you a percentage of any sales made through that link.
2. E-Book Sales
If you have expertise in a particular area, consider writing an e-book and selling it online. Platforms like Amazon’s Kindle Direct Publishing make it easy to self-publish and sell your e-book to a global audience.
3. Online Courses
Online courses are another great way to monetize your expertise. You can create courses on platforms like Udemy or Teachable and earn money every time someone enrolls in your course.
4. Stock Photography
If you’re a skilled photographer, consider selling your photos online through stock photography websites like Shutterstock or iStock. You’ll earn a commission every time someone downloads one of your photos.
5. YouTube Ads
If you have a YouTube channel, you can monetize it by running ads on your videos. You’ll make more money from adverts the more people who watch your movies.
Dropshipping is a business model where you sell products without ever holding inventory. You’ll create an online store and connect with a supplier who will handle the shipping and fulfillment of your orders.
7. Print-on-Demand Products
Print-on-demand products like t-shirts, mugs, and phone cases allow you to sell physical products without ever having to handle inventory or shipping. You’ll simply create designs and upload them to a platform like Printful, which will handle the rest.
8. Peer-to-Peer Lending
Peer-to-peer lending platforms like LendingClub and Prosper allow you to earn interest by loaning money to individuals or businesses. You’ll receive regular payments as the borrower pays back the loan.
9. Real Estate Crowdfunding
Real estate crowdfunding platforms like Fundrise and RealtyMogul allow you to invest in real estate without ever having to buy a property. You’ll pool your money with other investors to fund a real estate project and earn a percentage of the profits.
10. Online Surveys
While not the most lucrative option, online surveys can provide a small amount of passive income. You’ll earn money by completing surveys for companies that need market research.
11. Ad Revenue Sharing
Ad revenue sharing websites like HubPages and InfoBarrel allow you to earn money by publishing articles on their platform. You’ll receive a percentage of any ad revenue generated by your articles. In conclusion, there are many ways to generate passive income online. These 11 online passive income ideas are just the beginning. Whether you’re a blogger, photographer, or investor, there’s an opportunity for you to earn money while you sleep.