This is9 Passive Income Ideas — How I Earn $28K Per Month
- Passive income is a dream of many people. The idea of earning money without doing any work is just too good to be true. But it isn’t as easy as people think.
1. Start a Blog
Now let’s start with the most obvious one: blogging.
- If you’re new to blogging or want to know how to make money from blogging, read this.
- To start a blog, pick a topic that you are passionate about — something that you can write about for years. If your passions change over time, then perhaps choose a topic that has a lot of competition (such as “how-to” topics).
- This will motivate you to constantly be on top of your game and keep improving yourself as an expert in that area. You can also choose topics people pay for such as health/fitness advice or real estate investing tips (which is what I do!).
- Lastly, make sure your niche is profitable! If there is no money in it then nobody will buy from you! Don’t waste time trying out unprofitable niches just because they sound cool!
2. Sell Digital Products
- digital products is one of the easiest ways to earn passive income. It doesn’t require a lot of time or effort and it’s something you can do from anywhere in the world as long as you have an internet connection.
- This is how I first started making money online. I created a bunch of e-books on topics that interested me and sold them on my website. Then I published them on Amazon Kindle so they could be read by people who didn’t own e-book readers (which was most people at that time).
- It was easy for me because I had all this content already written down in my notebook or computer, ready to go into digital format and sell!
3. Your Smartphone
- You are probably wondering how you can use your smartphone to make money. The answer is simple: with apps. There are many different types of apps that you can use on your phone, and they each have their own unique benefits.
- The first type of app that we will be discussing are the ones that allow you to earn money by completing surveys or watching videos.
- These apps will give you an opportunity to make quick cash by doing something as simple as answering questions or watching short clips on YouTube.
- It’s important to note that while these apps will give up some money in exchange for your time, they typically require a large amount of time invested into them before seeing any real results from using them on a regular basis — at least $5 per month minimum!
- You may also want to consider downloading some other types of apps such as e-books and videos about passive income investing strategies for beginners like myself!
4. Buy an Existing Website
- The first step in this process is finding a website that you’d like to purchase. Websites are listed for sale on sites like Flippa, Empire Flippers and even your local Craigslist (if you’re in the US).
- Once you find a website that interests you, it’s time negotiate the price with the owner. This can be difficult because most sellers will start at an absurdly high asking price and then drop their offer until they think they’ve made enough profit off of their initial sale.
- However, many sellers do not know how much their site is actually worth so make sure you have some knowledge before starting negotiations; otherwise, they may catch on quickly that they could get more by selling elsewhere!
- Once negotiations have been settled and both parties agree upon a price tag for ownership rights over said domain name(s), there are two ways to complete this transaction: directly through PayPal or through Escrow services such as GoDaddy. In both cases though make sure double check everything thoroughly before finalizing payment so there are no surprises later down line :)
5. Sell Information Products
- Information products are basically any product that is digital, such as an ebook or a video course. However, there are non-digital information products like audiobooks and DVDs.
- You can create your own information products or buy them from other people and sell them for profit. You can even do both!
- For example, let’s say you have some great advice for people who want to launch their own businesses but aren’t sure where to start.
- You could write an ebook about this topic and sell it on Amazon or other platforms where you can get paid per sale through your affiliate links (more on that later).
- Or maybe you’ve been in business for a while now and want to share some of your best tips with others who may be struggling with similar problems as yours was when they were starting out — this would be perfect because it’s more personal than an ebook and could help build trust between client and provider as well as provide value based off personal experience rather than theory alone. The possibilities for creating valuable content are endless!
6. Invest in Real Estate
- Real estate investing is one of the most popular ways to make passive income, and for good reason. If you have cash on hand or can take out a loan to buy a property, there are several types of real estate investments that can help you generate income from renting out your property or from selling it at a later date.
- The most common types of real estate investments include rental properties (where you earn money by renting out the property), flipping houses (where you make repairs and improvements on existing properties before reselling them), wholesaling (where buyers purchase homes from sellers with no prior knowledge of their condition or price tags), landlording and more.
7. Sell Photos Online
- Photography is a great way to earn passive income, but it requires a lot of time and effort before you can start making any money. You need to learn how to take good photos, buy the right equipment (camera, lenses, lighting) and then find clients who will pay you for your work.
- Once you have this process down pat though, photography is an excellent source of passive income. It’s easy to do on your own schedule from anywhere in the world!
- One piece of advice we would give though: don’t wait until you are already good at taking photos before trying to sell them online. If possible try selling some of your photographs first so that when people come across them they will see that they were taken by someone who knows what they are doing! This will help build up trust between yourself as photographer and those looking for pictures that show quality workmanship!
8. Affiliate Marketing
- Affiliate marketing is a great way to make extra money online. As an affiliate marketer, you promote products and services of other companies. When someone buys something through your link, the company pays you a commission for referring them.
- you can imagine, there are many ways to do affiliate marketing: email marketing, social media promotion and so on. However, I’m going to show you how to get started with one of the easiest ways: blogging! You just need traffic from search engines or social media sites like Facebook or Twitter if possible (more on this later).
- The best part about blogging is that it’s free — all you need are time and some basic skills such as writing articles for websites or sharing links on social media platforms which have high page rank scores in Google search results pages (SERPs).
- That means when someone searches for keywords related to your niche topic/industry using Google Search Engine Results Pages then clicks through one of these links then they will be directed towards either an article published by yourself OR a review written by another person who owns an authoritative website within their respective industry along with its corresponding URL — this containing relevant keywords which were searched by consumers looking for information before deciding whether or not purchase something online!
9. Dividend Stocks
- Dividend stocks can be a great way to earn passive income. Dividends are payments made by a company’s board of directors to its shareholders.
- represent the money that a company has left over after all expenses have been paid and represent the portion of profit that belongs to the shareholder for their investment in the corporation.
- Dividends can vary from company to company and form different percentages of their earnings depending on how much they pay out each year, but in general, most companies pay out between 5% and 10% annually. Some companies will even offer an option where you can reinvest your dividends into more shares of stock instead of taking them as income — which means even more money for you!
- Dividends are usually paid out quarterly, but some companies pay them out annually instead (like Apple does). If you own shares in a mutual fund or exchange traded fund (ETF), then those funds will distribute dividends according to how many shares they own within each individual fund on record with the Securities & Exchange Commission (SEC).
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