Passive income is money that you earn without doing anything or you can say it as your getting paid for doing literally nothing but making passive income sources may take time to build up. Passive income is like a tree which you plant when you are young and enjoy the fruits later. Here I’m sharing my favorite 12 passive income ideas which you can start too
12 Legit Passive Income Ideas
1. Start a blog.
Blogging is the first and best passive income ideas on our list. Blogging is one of the best ways you can create a passive income. Blogs can generate an incredible amount of income If you are planning to start a blog, You need to understand that it’s going to take a huge amount of work and time to be successful. There are some necessary steps you’ll need to take before you start a blog. Here are some blog ideas in the following sub-categories:-
- Health & Fitness
- How To Make Money
After picking a niche you will also require some IT knowledge like search engine optimization (SEO), social media marketing and the ability to write high-quality content. Gradually your blog will become popular and more and more visitors will visit your blog and then you will succeed with a blog.
2. Write an eBooks.
EBooks are quick, easy, cheap to make and potentially more profitable. EBooks are one of the best sources to generate passive income. You can simply write it and just publish it on Amazon’s KDP and collect the income. That’s all. Now the sum of income you receive depends on the quality of the EBook you’ve published. EBooks that help to educate your viewers on topics such as health, online business strategy or other “How To” areas, are going to sell far well than other fiction books at the beginning. use the Amazon Kindle Publishing platform and publish the eBooks that will fill an existing need in popular niches where you have some level of knowledge.
3. Do Affiliate Marketing.
Affiliate marketing is one of the great ways to generate passive income. However, this isn’t going to be an easy task but possible. To be successful affiliate marketing, you will need a large amount of audience. In other words, you need a big platform to promote an affiliate product. If you’re thinking that you need a blog or a website to promote your product, well you don’t. You can use sites like Quora or LinkedIn and promote your product. It’s as simple as that. Build up value content and invite them to buy the product you are promoting. This is a great way to sell products and services that you don’t own, efficiently becoming like an agent while earning a well passive income.
4. Create an online course
Creating an online course is another great way to make passive Income Ideas while you sleep. If you have the technical skill or good knowledge of a subject you can easily create an online course and generate good passive income. Creating an online course on Udemy is a great way to make passive income without working hard. However, it takes a significant amount of effort and time to make it successful
5. Develop a Smartphone app
Well I know it’s not an easy task to develop a Smartphone app. But I’m not telling you to code the entire app by yourself you just have to think about the idea and design of your app and hire a developer to make your imagination into reality. You can earn a decent amount of money if you develop the right app.
Youtube is the most genuine way to make passive income and it’s on the sixth position on our passive Income Ideas list. it has a great potential for earning a large amount of passive income. You will have you create a YouTube channel and start publishing your videos on them. You will have to make valuable videos for your audience. It will efficiently take millions and millions of views to make some decent amount of income from YouTube. Here are some YouTube channel ideas in the following sub-categories:
- Health and Fitness
7. Invest In a Running Business
Another way to generate passive income is to invest in a well doing business and become a silent. This may include risky, but with risk comes the great potential for high returns. But there are ways to minimize your risk. For example, you can invest small amounts of money in many companies through equity crowdfunding. There are a lot of crowdfunding platforms so research it and see if it is ideal for you.
8. Selling Stock Photos
Stock Photos is another great way to make passive income. If you have a passion for photography and you can take really high-quality pictures then you can get into this business. Do you know that most popular websites, blogs, and even magazines photos are bought from stock photos websites? If you are good at photography you can submit your photos to stock photo sites and receive a commission every time someone purchases it from the site.
9. Vending Machines
Vending machines are another great low maintenance and low investment small business idea. To start Vending machine business you have to buy vending machines which cost between $200 to $500 depends on the machine type and then you just have to find an ideal place for your vending machine where you can make good sales and make profits. To grow the business you just have to keep buying vending machines and slowly increase your passive income.
10. Real Estate
Real estate is by far one of the most powerful techniques on how to generate an enormous amount of passive income. If you want to do this business then you have to acquire a lot of knowledge about the business because knowledge plays a vital role in this business. Real Estate means the art of buying and selling lands, apartments, and buildings and make the profit of it.
11. Earn Higher Interest on Your Savings
One of the easiest and preferable ways to increase your passive income is to transfer your money to a bank that pays a higher yield on your savings
12. Rent Out a Property
Renting a house is one of the best and pretty much easy way to generate passive income. Though many peoples are also making six figures, just renting their house. so why don’t you let your house to make some good money for you?
That’s it guys this is the list of 12 Legit Passive Income Ideas 2018