- Sell digital income
- Start a website
- Start a YouTube channel
- Affiliate marketing
- Sell your photos
Are you finding some ways to give your income a little boost? In this article, I am going to tell you Top 5 Passive Income Ideas of all time.
Before I tell you some passive income ideas first let discuss what exactly is passive income?
Passive Income source is something which lets you sleep at night and still you will make money. It's the ability to make money with minimal work or even without any work.
Stabilizing a source of income which requires minimal or no work does require some work. And here are some passive income source list which I prepared after seeing hundreds of videos and reading hundreds of articles.
And do not worry, I came up with some ideas in which you have to work one time and it will make you money for some time.
Contents
Check this too - TOP 10 BEST SIDE HUSTLE IDEAS.
1 - Sell Digital products
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| Sell Digital Products |
Selling digital products is one the best and one of the easiest passive income sources. By selling digital products you can make 6-7 figures per year.
These digital products are a one time investment as it will make you money for 24 hours a day and 365 days a year whenever someone buys it. You just need to make a digital product that people buy. And the profit margin in these digital products can be 100% because these are digital products.
You are not going to buy some physical stuff that will cost some money and you also do not need to spend money to make a digital product.
Which Digital Products can be Sold Online?
So there are lots of things you can sell and here are top 5 digital products to sell. All these are one time investments and do not require any money to make them.
- Courses
- E-book
- Instagram post templates
- Graphic Design
- A PDF guide
Courses - You can sell courses online on different platforms like Udemy, Skillshare etc. Selling a course is easy, just need to make a course of the things that people want to learn.
E-book - You can make an e-book of your notes and can sell them on Amazon e-commerce. These e-books can be your school notes which lots of students seek for at the end of the year.
Instagram Post Templates - There are a lot of creators who need templates for their content. You can make some and promote on your social media account and people will pay you to get these templates.
Graphic Design - Graphic design sounds complicated but there are lots of free apps and software available which you can use to make graphics and can sell them on Canva.
A PDF Guide - You can create a PDF guide of something that you know and sell them. The amount you will earn will depend upon the topic on which you made your guide.
Check this also - 5 best side hustle ideas.
2 - Start a Website
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| Start a Website |
This one is surely the best for me. Starting a website and working on it is the best way to create a passive source of income. This is a one time investment too because if you post an article on google and every time someone clicks on your article to read it you will get paid for it.
Do not worry you cause you do not need to have knowledge about coding to make a website. There are platforms like Blogger and WordPress which you can use to make a site for yourself. It does require time initially but when your article starts to rank on google then you do not need to do anything just get money every time someone visits your site.
How do You Earn Money by Making a Website?
So you make money from the ads that are showing on your site. People pay google to promote their service and goods and google promotes these by showing them on a website. And the website owner gets some money from the money that google gets for showing the advertisement.
3 - Start a YouTube Channel
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| Start a YouTube Channel |
Starting a YouTube channel is a great source of passive income which helps them to make thousands or even millions and for many people it is an active source of income.
It is not going to cost any amount of money to start your own channel on YouTube but it is going to take some time depending on you and your content.
The better the content you will make the better the source of passive income it will. It will take some time to establish a YouTube channel because initially The algorithm do not trust you and do not promote you content
But keep creating content and right in front of your eye it will become a great source of passive income.
How to Make YouTube a Passive Source of Income?
You're going to make money from YouTube as long as your Video gets views. So creating a evergreen content is wise.
4 - Affiliate Marketing
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| Affiliate Marketing |
A short explanation of affiliate marketing for those who do not know about it. So as an Affiliate marketer you are going to get commision on every purchase someone made using your affiliate link.
As long as people are purchasing products through your link you will make money and have to do nothing. Affiliate marketing is a great passive income idea and the amount of money can be $200-$200k depending on the number of purchases people made using your affiliate link.
How do I Make Money as an Affiliate Marketer?
First you need to join an affiliate program of Amazon, there are other affiliate programs too but amazon is popular, people trust it, so using it affiliate program will be wiser. And try to generate traffic from social media, from your YouTube channel, from your family and friends.
5 - Sell Your Photos
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| Sell your photos |
Yes selling pictures is a thing and people do buy others pictures. And it can be a good passive source of income and easy because who do not love to click pictures. You have hundreds of photos in your phone and sell them.
There are platforms like Adobe stock, 500px, Shutterstock where you can sell your photos and earn money. And you do not require a DSLR to click pictures, you can use your phone for clicking pictures.
Also check this - 5 WAYS TO MAKE MONEY AS A STUDENT.
Conclusion
Passive income can be a great source of income for you which can help you to have a little bit of freedom to spend more. All these are easy and some of them can take time but they will give you a very good result if you work on them for a while.
And if I suggest you do one from these five (you can do more than one if you wish) then I suggest you make a website using WordPress or Blogger.
And another benefit of having a site is you can generate good traffic to your affiliate link.
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