20 Passive Income Ideas to Start in 2024

These are passive income ideas that work now, if you put your mind to it, of course. You can find a list of 20 ideas on how to make money passively.

20 Passive Income Ideas That Work in 2022
Table of Contents
- What is passive income?
- How to make passive income?
- Passive Income Ideas
- Passive Income Books
- Passive Income Investments
- Types of Passive Income Streams
- Passive Income Apps
- How can I make $1000 a month passively?

What is passive income?

Think of you sleeping and making money at the same time. Basically, that’s passive income, because you’re making money while doing other things, in this case sleeping. That’s why so many people love this.

You can actually be doing anything else and collect money into your bank account, without doing any direct work, related to the specific activity.

Of course, you need to do something first, to put in place your money machine system. No one gets rich overnight, and if you find that information online, or somewhere else, that you can get rich tomorrow, then you’re in the wrong place.

Work hard on implementing the necessary strategies related to some of the ideas that we talk about here, and after some time, you will start to see results, and then the passive income comes.

How to make passive income?

There are several ways for you to start creating that passive income stream. You need to find something that you’re passionate about and try different ways of monetizing it.

Maybe you like fishing, wouldn’t you love to monetize that passion of yours? By taking pictures of the fish, you take home? Or that new rod you just bought?

Well, that are several ways of doing that.

You can start a blog and share all of your journey. You can start a YouTube channel, by sharing a more visual aspect of your passion. And that is just with fishing. You can do a lot more with other hobbies or niches.

Passive Income Ideas

For you to start earning passive income, you will have to work on at least one of these ideas. It is very important that you commit and master the one that makes you happiest.

  1. Start and monetize a YouTube channel
  2. Build and monetize a blog
  3. Create and sell online courses
  4. Create an app
  5. Invest in stocks
  6. Invest in crypto
  7. Film and sell videos
  8. Take and sell photos
  9. Write an ebook
  10. Create and sell digital products
  11. Create and sell music/sounds
  12. Own a rental property
  13. Start a print-on-demand online shop
  14. Start a dropshipping business
  15. Create and sell templates
  16. Become an influencer
  17. Sell designs online
  18. Buy and sell websites
  19. Create a podcast
  20. Open a High Yield Savings Account

Start and monetize a YouTube channel

Create a YouTube channel in the niche that you’re most comfortable on. To start monetizing a YouTube channel, you’ll need at least 1000 subscribers and 4000 hours of watch time. This is achievable if you commit yourself by putting in the work.

Build and monetize a blog

Building a blog, is very similar to building a website. Actually, they’re both websites, except a blog is a more focused one, where you talk about a specific topic or subject.

You can start monetizing a blog since day one, but most people don’t do that, because there isn’t enough traffic to generate a good amount of income. So you need to build an audience, with patience and time, and then think about monetizing your blog by showing ads or work as an affiliate for other brands.

Create and sell online courses

Online courses can be combined with other passive income ideas, such as starting a YouTube channel, a blog, podcast or becoming an influencer.

That happens because you are able to build an audience, that will listen to you, and if your niche is able to give value to your followers, then selling courses will be a lot more easier.

Create an app

This passive income idea may seem a little farfetched for some, but as years go by, it has become easier to create apps. Because programming software is more intuitive and each day, developers find more ways of making programming languages more accessible to the “public”, you can now create apps without knowing a single line of code.

So imagine you, developing that idea that you had for an app, and start selling it, or if you want to share it for free, you can sell ad space on it.

Invest in stocks

Investing in stocks, is one of those passive income ideas where you actually need to have some money on the side first.

I’m not a financial advisor, and I’m only sharing this information for entertainment purposes, but you should ways be careful when investing in stocks, at least before you learn more about it.

Also, you should only invest what you can afford to lose.

Invest in crypto

Investing in crypto is a bit like investing in stocks. We have to research well the products where we put our money, and in the end, hope for the best. Investing in crypto as passive income can be phenomenal in two ways: either you make a lot of money, or you lose a lot of money.

In recent times, there have been several ways to invest in crypto, such as DeFi (Decentralized Finance), in which we can buy a cryptocurrency and let it grow, using the term staking, which over a certain period will yield a lot of profit.

But this does not always happen, especially if the currency loses value, and then you will see your investment go down. But when the market is on the rise, there is a great tendency to invest in this type of business.

Film and sell videos

Shooting and selling videos is another great of passive income option if you have a passion for filming landscapes or other types of environments.

There are platforms where you can place your footage and whoever is interested can buy it through a special license, and that way you will earn money. It doesn’t matter if one of your videos sells dozens of times, because it can be used by many people.

That’s why this is one of the best forms of passive income.

Take and sell photos

As with selling footage, so does photography to earn passive income. If you have a passion for photography, then start earning money today, through platforms where you can place your beautiful works of art.

Write an ebook

Writing an eBook as a way to earn passive income can be one of your best long-term choices. If you are an expert in a topic, then why not write an eBook where you can put this essential information and share it with those who need it.

An eBook can be resold thousands of times, just like a regular book, with the special feature that it’s a digital product and its buyers don’t have to worry about paying shipping.

This is one of the best ways to earn passive income, chosen by thousands of entrepreneurs around the world. Imagine that you write a book on Mechanical Engineering, with essential information for students.

If every month there are 100 students all over the world who buy your eBook for $20, you make $2000 every month with no effort, because your book is already written, and you are at home relaxed.

Create and sell digital products

Like eBooks, digital products, such as courses, templates, images, videos, etc., can be a good source of passive income.

If you have a penchant for being creative and being able to create all kinds of digital products, then there are several online platforms where you can put your work and allow people who need your resources to buy them, and in that way make money as passive income.

Create and sell music/sounds

Creating and selling music or sounds is another great way to earn money as a passive income. Like digital products, creating music can also be considered a digital product, so if you are a musician or have a certain passion for creating sounds or melodies, then this is one of the best passive income ideas.

There are dozens of online platforms that allow you to upload your music and sell it, just like videos and photographs.

Own a rental property

Even though it is not an online way of earning money as a passive income, owning a property to be able to rent to third parties is one of the best and most stable ways to earn money passively.

If you have a property, whatever it is, you can certainly lease it. Imagine if you have an apartment that you are not using.

Why not clean it up and rent it out for a monthly rent, which will make you earn money every month without much effort.

Start a print-on-demand online shop

Are you creative and often design clothes? So why not open an online store with your own designs, and sell t-shirts, sweatshirts, hats and other products.

There are business owners earning thousands of dollars this way, choosing a specific topic, and selling to the target audience, which allows them to earn money as a passive income every month.

Start a dropshipping business

Ever heard of dropshipping? This is one of the best inventions of the 21st century when it comes to entrepreneurship.

Dropshipping is a way to have your store online, selling whatever it is, without having any inventory. In fact, you don’t even need to have a physical store or warehouse. Just have a pc with a good internet connection and that’s it.

There are online platforms that allow you to create a digital store, and search for the products you would most like to sell, and then find the correct suppliers, who have received orders placed by your store’s buyers.

This way you only need to receive the money, order from the supplier, pay and keep the profit.

But the best thing is that there are already tools that automate all this, and you just need to see the money entering your account as passive income.

Create and sell templates

Templates, as I mentioned, are also digital products. So if in this way, you decided to create something that could help someone, for example, the YouTube banner template, then I’m sure there will be people interested in purchasing this product.

Put your template for sale on platforms specialized in digital products, and you earn your passive income.

Become an influencer

Becoming an influencer has been a trend for many young people. There is great popularity in this way of earning passive income, because the greater your number of followers, the more likely you are to acquire a campaign with brands that will sponsor you.

Instagram is the most popular, followed by TikTok and YouTube.

Sell designs online

Again, if you are creative and enjoy creating designs, why not put them up for sale so that other people can use them over and over again.

This way, if several people buy, your chances of earning a lot of money as a passive income, multiply.

Buy and sell websites

Buying and selling websites is a way to passively earn money, because sometimes the name of websites, or even their content, becomes valuable due to market trends.

If you buy a website with content today, and tomorrow that content is worth more, then it is very likely that you will have buyers looking to buy your website in order to start a business. So that way you can earn a lot of money.

This type of business is very similar to property investing, but in a digital way.

Create a podcast

Are you one of those people who likes to talk and share information and interesting content, or even do a little gossip? So creating a podcast would be one of your best options.

Podcasting is like listening to the radio, but we only listen to what interests us. Right now there are thousands and thousands of new podcasters starting their journey to share what they have to say, and like YouTube or blogs, you can also sell your ad space on a podcast.

This way you will earn a passive income depending on the number of people that listen to you.

Open a High Yield Savings Account

Like investing in stocks, opening a savings account seems like a thing of the past, but it’s not. There are banks that offer interest on the amount you keep in a savings account, so you can passively earn money.

Passive Income Books

  1. Passive Income Ideas: 101 Passive Income Ideas Under $1000
  2. Passive Income, Aggressive Retirement: The Secret to Freedom, Flexibility, and Financial Independence (& how to Get Started!)
  3. The Power of Passive Income: Make Your Money Work for You
  4. The 4-Hour Workweek
  5. The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom

Passive Income Investments

  • Real Estate investment trust
  • Index fund
  • Annuity
  • Mutual fund
  • Exchange-traded fund
  • Cryptocurrency

Types of Passive Income Streams

Passive Income Apps

  • Sweatcoin
  • MobileXpression Panel
  • SavvyConnect
  • Ibotta
  • Honeygain
  • SurveyJunkie

How can I make $1000 a month passively?

After a certain amount of time, making $1000 a month passively, is going to appear a low amount to earn, because there are a lot of online marketers and/or entrepreneurs earning 10 times that.

In the beginning, $1000 a month may seem a very difficult finish line, but it isn’t. If you follow at least one or two of the ideas above mentioned, you will almost certainly achieve that goal.

Start by doing what you’re most passionate about, combined with the passive income ideas I described above, you will be able to start generating income like you’ve never seen in your life.

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