What is passive income?
Passive income streams are the holy grail of financial freedom!
Imagine having your bank account fill up overnight while you sleep.
With passive income, it’s possible!
Passive income is money you make without actively working for it.
This could include investments, royalties from intellectual property, or even rental properties.
The beauty of passive income is that you can turn small tasks into long-term profits.
For example, perhaps you write a book and decide to put it out as an eBook on Amazon.
That one-time effort could bring in royalties every month, year after year!
Or maybe you create an online course focused on a topic you’re passionate about.
People all over the world can sign up and start learning!
Every time someone signs up for your course, you make money without lifting a finger.
Passive income opens up a new world of possibilities and puts the power of financial freedom back in your hands.
With smart planning and dedication, you can take control of your life and start earning money even while you sleep!
Passive income is not…
Passive income is often misunderstood to mean simply “making money without working.”
But this couldn’t be further from the truth.
Sure, passive income does enable you to generate money without necessarily having to work for it, but there’s much more to it than that!
To start with, passive income is not a guaranteed source of income.
It takes time, dedication, and effort to build up a steady passive income stream, and even then there are no guarantees that the income will remain steady.
Therefore, it is important to have realistic expectations about what you hope to get out of passive income.
Second, passive income is not a way to become an instant millionaire.
While there are many success stories of people making huge sums of money through passive income sources, it typically requires significant amounts of both time and money to achieve these kinds of results.
Finally, passive income is also not necessarily easy or stress-free.
Just like any other business venture, you will still need to put in dedicated effort and hard work if you want to make your passive income venture take off.
The key is to find something that you’re passionate about and can commit to putting in the necessary work to make it successful.
In conclusion, while passive income offers exciting opportunities for earning an income without working on an hourly basis, it is important to remember that it isn’t a sure-fire path to financial freedom.
It takes time, energy, and commitment – just like any other entrepreneurial endeavor – to make it work.
9 Online Beginner Passive Income Ideas
Making money online passively is one of the most sought-after goals when it comes to financial independence.
Who wouldn’t want to make money while they sleep?
And with online passive income sources becoming increasingly accessible, you can now make passive income from a variety of methods.
From monetizing your blog to selling digital products on Etsy, there are plenty of ways to make money passively online.
Below I will go more in depth about the best passive income streams you can personally do.
But no matter what method you choose, there are certain steps that you need to take in order to ensure success.
Here are a few tips for getting started:
1. Find your Niche
Whether you decide to create a blog, sell digital products online or start an online business, it’s important to identify your niche, so you can focus your efforts on something specific.
Trust me, it's much more enjoyable to work on something you are passionate about, it comes through in your articles and people will trust you more.
Also, you will less likely burn out and put in more effort into the work you do.
I tried selling cosmetics, juicers, jewelry and even though I did have my successes in those, I just was never passionate enough to continue working on them.
I'm much more passionate about working online and travelling, hence why I am writing this blog.
I'm inspired to help others find financial freedom like I have experienced.
So once again, take your time with this one.
Identify what makes you happy, Identify something you are able to talk about for hours and with it help people.
And when you do, and you feel comfortable, jump to the next steps and build a brand about the things you are passionate about.
2. Build Your Audience
This could include using social media and SEO strategies to drive traffic to your website or creating content that appeals to your target audience.
Also, you should find communities, forums and relevant groups in your niche and start interacting with people, answering questions, engaging in discussions etc.
After a while, people will see you as the go-to person for a specific topic and will trust your work and input.
Which will make it easier to recommend products, courses or anything you are planning on selling.
Places where you could build up your audience are: Reddit, Quora, Facebook Groups, Instagram, TikTok, Forums and Relevant blogs.
Do a quick Google search and find your community.
3. Create Quality Content
Once you’ve built up an audience, you need to create quality content that your readers will actually find value in.
This could include writing useful tutorials, producing engaging videos or creating helpful guides.
On top of creating quality content, you have to be consistent.
It's no use creating a video, article, or post once every few months when you are just starting out. This will get you no organic traffic.
Organic traffic is the goldmine of the internet as its people who are actively seeking out information about a certain topic and if you position yourself well you could be receiving it for years to come, free of charge.
4. Leverage Automation Tools
To make the most of your passive income opportunities, consider leveraging automation tools like email marketing software and schedulers to help streamline your workflow and save time.
Give people a reason to sign up to your newsletter, and interact with them.
I have worked with subscriber lists which had 17000 people in them and every time I clicked the send button I would generate thousands of dollars in sales.
By building a list you guarantee yourself engaged audiences that will happily come back for more information over and over.
They are your super followers, they are your biggest fans.
5. Paid Advertising
I was always scared of advertising as it meant spending money.
I never liked this concept, plus advertising can be quite confusing.
But when I realized that with advertising I can reach highly targeted website visitors for the things I work on + promote products that are high commission and get sales on them then I figured that I just had to make at least $2 for every $1 spent to make it worthwhile.
Which in turn made me look for products I love using and wouldn't mind recommending to others.
So I make a page for every product I love and truly recommend, send people to it with a small budget at first and see the conversion rates.
If I see sales, I add more money and upscale the ads.
Otherwise, I stop it immediately, redo the pages and continually optimize it till I see a consistent amount of sales coming in.
There are many benefits to advertising.
-Instant website visitors to see if your idea is worthwhile
-It can increase your SEO with Search engines seeing the engagement on your website.
-It can be extremely profitable if done right.
So take some time, watch some YouTube videos about advertising and who knows, maybe it will help you generate an income that you always dreamed of.
By following these steps, you can ensure that you maximize your online passive income potential.
Passive Income Ideas
1. Affiliate Marketing
Affiliate marketing is an amazing way to make money online!
As an affiliate marketer, you get to promote products and services from other companies in exchange for a commission.
To be successful, it’s important to find high-commission digital products for promoting.
That way, you’ll get the best return on your investments and start earning more money.
So how do you find the best digital products to promote?
Start by researching popular e-commerce websites like Amazon.
Look for digital products with high commissions – a commission of at least 10 percent is ideal.
Also pay attention to customer reviews and ratings, so you can make sure that the products you’re promoting are high quality and valuable to potential customers.
Once you’ve identified worthwhile products, look for affiliate programs to join.
Most company websites will have information on their affiliate programs, so read through all the details carefully before signing up.
Make sure that the program offers good terms—including a decent commission rate and reliable payments—before you dive in.
As mentioned, check out Amazon Affiliate associates.
By signing up you are able to promote all the products on Amazon and make a commission from not only the sale you make, but also any other purchases that someone will make from going through your link.
Another place to find Affiliate products is Clickbank and Digistore24.
These are Affiliate networks and here you can sign up and sell highly profitable products.
Additionally, it will display products that are already selling plenty and making money for people.
This is perfect as it will give you a good indication if the sales pages are working well.
Also, if you choose not to sell the products from Clickbank and digistore24, you can literally use the top sales pages and redo them for the products you are interested in selling your self.
It already has proof that it works, so just do what they are doing and promote your own products.
Finally, you can simply type into Google the product you are interested in selling followed by “affiliate program”.
This will give you an idea if the product does have an affiliate offer and if yes you can sign up to it and sell it.
You can use Affiliate marketing with everything you take on, such as becoming an influencer, creating videos, blogging.
2. Blogging
Blogging can be a great source of passive income!
With the right strategies and techniques, you can create a blog that earns you money even while you’re sleeping.
Best of all, these days there are plenty of options to make your own website. One that I recommend over and over is Elementor.
It’s a super simple website designer + hosting. With a little bit of tweaking you can get the perfect website for your needs.
It’s also superfast and with amazing support and millions of users.
Means it will get constant updates for the long term.
With blogging you don’t need to spend hours writing posts every day.
It’s great at the beginning to get as much content as possible, but as time goes on you can reduce your workload and focus more on marketing your work.
Once your blog begins to gain traction, you can start making money from it through advertising, sponsored posts, affiliate links, and more.
With the right approach, your blog can become a steady source of income that requires minimal effort on your part.
Plus, you can leverage the power of social media to promote your blog and increase its reach even further.
3. Copywriting
Copywriting is a great way to make money without spending a lot of time and effort.
It takes little more than a laptop and an internet connection, allowing you to literally work from any location in the world.
Plus, you don’t need any special skills or prior experience—just the ability to write persuasively.
For that I recommend using Frase.io.
It will boost your writing skills significantly and make them much more desirable for people who are hiring you for your work.
It helps you do all the research quickly, and get assistance with creating SEO friendly content that search engines will gobble up.
You might be thinking, how creating content for others is a passive income stream when you need to work for others to generate an income.
Well what if you wrote content that can be sold multiple times over, without having to continually create new content.
Once you have crafted your copy, you are able to leverage its power by using it in multiple formats such as blogs, emails, landing pages, sales letters, and more.
Plus, since it’s digital, you can re-use it again and again with just the push of a button.
Copywriting also allows you to work on your own schedule, set your own hours, and determine your rate.
This gives you the freedom to choose which projects you take on and when – providing you with the control and flexibility you need to truly make your dreams a reality.
4. eCommerce
E-commerce is an exciting and rewarding way to create a passive income!
With the right strategies and framework, you can design a business that will bring in steady income with minimal effort from you.
There are many benefits to launching an ecommerce business.
For starters, ecommerce offers the convenience of running your shop 24/7.
Customers can access your store at any time – no worrying about opening or closing times.
You also don’t need to worry about employees or overhead costs, as everything happens online.
Plus, you have access to global markets, allowing you to tap into new customers around the world.
Here are a few idea’s that you can use to start selling products online.
-Check out the Facebook marketplace for items being given away for free or sold cheaply and maybe fix them up, and sell them on eBay for more.
-Create your own product. Check online if you have any demand for it first, and then you can invest in creating prototypes. You can use Kickstarter or Indiegogo to test the market.
-Drop-shipping. People will say drop-shipping is dead. It’s not dead, it’s just taken a new form and by doing the right research you can figure out the best way to sell trending products online.
Once you have set up your store and have systems in place, you don’t need to be actively involved in the day-to-day operations.
Instead, you can focus on marketing and growing your customer base so that you can bring in additional revenue without lifting a finger!
Finally, ecommerce is scalable and customizable.
Not only do you have control over how much money you make, but you can also tailor your business strategy to suit your goals.
This means that you can grow your business as quickly or as slowly as you want, depending on how much effort you want to put in.
Ecommerce has become an attractive option for entrepreneurs looking to create a steady source of passive income.
With its convenience, scalability, and potential for global reach, it’s no wonder why so many people are turning to this type of business model.
From setting up your store to marketing your products, there are plenty of options available to help you get started and start making money today!
Basically, go on YouTube and search for some ecommerce tutorials.
I recommend Davie Fogarty. He is a down to earth bloke that makes a ton of money selling a few products online and can guide you through the whole process from start to finish.
5. Niche Education Site
Creating niche education sites can be that dream come true.
Niche education sites are websites dedicated to a specific field of study or area of interest.
As a niche site creator, all you have to do is create the website, populate it with content related to your chosen topic, and promote it to attract visitors.
Once you have an established audience, you can begin to monetize your site through advertisements and affiliate marketing.
This is very similar to blogging. In fact, it is blogging, but I’m mentioning it because the money is in the niche.
The more well definied you niche is the easier it is to find a community that will love your content.
Like my friend Sam Bentley. His approach is about spreading good news.
He has become quite successful from it and grew his channel enormously within a year by creating content that is specific to positive news you would have trouble finding online otherwise.
It’s an incredibly rewarding way to make money, as you are able to really dial in on the things you are passionate about and create content that you are interested in.
What’s more, creating niche education sites can give you ample opportunities to learn even more about the topics you write about, create videos for etc.
And with time and commitment you’ll become an expert in your chosen field faster than you ever thought possible, giving you the confidence needed to continue expanding your business.
Getting back to the passive income side of things, unlike other forms of income, you aren’t dependent on anyone else for success – you create success for yourself by providing valuable, quality content for your readers and viewers.
Best of all, being super niche will also mean you will get targeted by advertising companies who would like to partner with you.
And if you don’t feel like working with others, you can create your own books, audiobooks, products, shirts or even online courses.
6. Online Courses
Online courses are an incredibly compelling way to make passive income.
In my humble opinion its the best passive income streams, as you have full control over your course, it’s Your product, and you put it on sale, you can give it away, you can drive traffic to it.
The options are limitless with it and best of you can create a course once and then keep earning from it month after month, year after year, with only putting in the initial effort of creating the online course.
Think of it like building a product that you can sell again and again without having to reinvent the wheel every time.
Plus, online courses are perfect for leveraging your expertise and sharing your knowledge in a scalable way.
You can reach large audiences without having to invest more and more of your time as your audience grows.
With the right platform, you can easily set up automated systems, so customers can easily purchase and access your content.
It’s also an incredibly rewarding experience.
Seeing people learn from your courses and grow personally and professionally is incredibly satisfying.
You’ll be surprised at how quickly your online presence grows with positive feedback and engagement from students.
And if you are worried that you have nothing to teach well, here is some simple motivation.
When you first were learning how to ride a bike, you most likely needed help and guidance until you were able to do it on your own.
But now, if it came to it, you already know something more than the next person that is interested in learning how to ride a bike.
You could help them and charge them for it.
Maybe this is an overly simplified version of it, but it is true.
At some point you were learning something about an interest of yours, you were at the beginning blocks.
But when you learned it, you could progress onto the next stages.
Well now you know that there are probably millions of others that are ready to learn what you did, and they are at level 1, and you are already at level 2 or further.
You can just teach them the basics like you did.
The best thing is, you can create an online course and give it away in exchange for a subscription to your website.
Get feedback about the course you made and learn where you can make adjustments for the next course you release.
This time for money and send out an email to the people who have signed up to your website and many might actually decide to buy it for real this time.
7. Sell Music
Selling your own music can be an incredibly rewarding and profitable way to earn some passive income!
It may seem like a daunting task, but the potential payoff is well worth it.
With just a bit of time and effort, you can start building your own catalog of songs that will generate income even when you aren’t actively working on them.
Through online streaming services such as Spotify and Bandcamp, you can easily reach millions of potential fans around the world with just a few clicks.
Not only will you have the satisfaction of knowing that people are listening to your work, you’ll also reap the financial benefits of those streams.
As time goes on and your music becomes more popular, you could find yourself with a significant source of passive income that will keep coming in each month.
What’s more, selling your own music gives you full control over the process from start to finish.
You decide how much you charge for each song or album, which outlets your work is available through, and you get to keep all the profits.
That makes selling your own music one of the most lucrative ways to make passive money!
Another thing to consider is generating income from ad revenue, such as on YouTube.
There are plenty of channels on YouTube that play chill, background music with millions of streams.
One channel I listen too often, Quiet quest – Study Music, generates between 700 and 11000 dollars a month.
This is completely passive, and the person just watches his/her ad revenue come in.
8. Sell an eBook
Selling an eBook can be a great source of passive income.
Not only is it the ultimate creative project—you write the story, format it into an eBook, and set it loose in the world—but you can earn money while you sleep!
With the right strategy and execution, your eBook could bring in continuous royalty payments with minimal ongoing effort.
Plus, eBooks are incredibly accessible, available on electronic devices around the world and providing readers anywhere the opportunity to access them at any time.
Honestly, there are people making millions with books on Amazon and other eBook publishing pages.
These days with the addition of AI writing tools, you can crank out great books and publish them on those platforms.
With a little promotion and consistency you could start making perfect passive money.
With eBooks, there’s no need for physical space to store products or for a team to manage orders; after writing and formatting your eBook, you can simply upload it to one of many online retailers.
Finally, there are so many advantages to digital publishing: no worrying about returns, no costly printing costs, no shipping charges; the list goes on!
With an eBook, you can monetize your storytelling passion and make sure more people than ever before can appreciate your work. What better way to get paid for what you love?
9. Selling Stock Photos & Videos
Selling stock photos and videos is an easy, low-risk way to generate some extra cash without having to put in too much effort.
And the best part is, you don’t even need to be a professional photographer or videographer to start selling your work.
Stock photos and videos are in high demand by businesses, marketing agencies, media outlets, and more.
If you have any content that could be used commercially, you can monetize it by selling it online.
The possibilities are nearly limitless since most companies need images of people, places, things, and abstract concepts.
Also with the advent of AI Images and videos such as midjourney these days you can create incredible backgrounds that people will buy.
Every time you sell an image on an image sharing platform you’ll receive a commission.
You can also set up automatic payment so that money will be deposited directly into your bank account every month.
Talk about easy passive income!
Quick List of the Best Passive Income Streams you Begin to do Now!
- Sell your images and videos on Shuttershock and other websites promoting commercial use of images and videos
- Sell AI-generated images and videos on websites selling commercial use images and videos.
- Create a YouTube channel of relaxing music on loop with nice images, specifically for studying, sleeping or meditating and upload them regularly.
The AdSense will slowly increase with more views on your channel. - Create Ebooks you can sell on Amazon. You can use Frase.io to help with making the perfect book.
- Sell online courses about taking photos, videos, creating shirts. Whatever you believe will be of value for someone that is interested in learning about your niche.
- Create a Youtube channel on specific niches, reach out on Reddit, Quora and Facebook Groups to connect with your community.
Conclusion
It is clear why passive income online has gained so much popularity over the years.
Not only can it provide a reliable source of income, but it also offers the freedom to work when and where you choose.
With passive income, you can achieve financial freedom without sacrificing your quality of life, giving you the best of both worlds.
Plus, with technology advancing faster than ever, the best passive income streams are bound to be full of new and exciting opportunities which will be more accessible to all.
So if you want to make money while you sleep, maximize your earnings potential, and live life on your own terms – then passive income online is definitely your best option.
Start today, and you could be well on your way to achieving your financial goals!
[…] dream of earning money while you sleep, play, or travel? Then it’s time to explore the power of passive income. In this article, we will reveal how you can create multiple income streams that require minimal […]