Making passive income online is the dream. After all, who wouldn’t want to keep waking up with a nice paycheck addressed to them without having to lift a finger? That being said, in order to get the money flowing, there’s no way around doing some heavy lifting, at least in the beginning of your online money-making journey. But first, you need a proven concept. Well, here are 8 of them to start off with:
- Affiliate marketing
If you love building websites, affiliate marketing is a great way to monetize them once they start attracting some visitors. Simply pick a thematically-related product that sells well, write a review of it, and post it wherever you determine it’s relevant.
- Writing eBooks
Are you a prolific writer who doesn’t mind researching things every once in a while? Then writing an eBook is a great way to make these talents count. After it’s done, you can publish it on one of the online marketplaces such as Amazon’s KDP.
- Recording courses
If you have valuable knowledge to share, but writing simply isn’t your favorite way of conveying information, there is an alternative: recording courses. If you’re worried about having insufficient gear for the job, don’t be. A smartphone is all you really need.
- Mobile app developing
The mobile app marketplace is booming. Even though some would say it has already reached the point of saturation, there is still plenty of room for an app that either does something in a completely unique way or is better than the others. You can make money with an app either by charging for it directly or giving it away for free and monetizing it with ads and in-app purchases.
- Renting out your place
Do you have your own place you could rent out to others? Even if it’s just for one weekend while you’re away, platforms like Airbnb make it incredibly easy to make money with your property without really having to do much.
- Composing commercial jingles
Can you compose music? Then producing commercial jingles and licensing them is a good way to make money while you sleep. If you’re just starting out, simply look at what other successful sellers are doing, then try to replicate their success (without plagiarism, of course).
- Making helpful Youtube videos
Starting a channel on Youtube is not easy since you’re going to be competing against other already-established Youtubers. However, if you love producing video content, it may just be the thing you need to make a breakthrough in your online earnings. When it comes to monetizing, you could either recommend other people’s products for a commission, enable ads, or both.
- Selling stock photos
Nowadays, an ordinary smartphone can produce high-quality photos, so the entry barrier to selling them online is really low, at least from a purely technical perspective. In order to be successful, your photos need to be commercially viable. Try aiming for something with a broad use potential, such as sunsets, water reflections, fields of grass, etc.
These 8 passive income ideas should be more than plenty to get you started. The other part of the equation is finding the right motivation and getting the job done. Since there are so many things you can do to earn passive income online in today’s world, something suitable can be found for everyone.