Looking to make extra income while you sleep? even while on vacation? these passive income ideas are just what you need to achieve financial freedom.
What exactly is passive income? Is it really possible to make money on autopilot?
The straightforward answer is yes. You can absolutely earn income while sleeping, relaxing, or doing other things that you enjoy.
Do you aspire for more that the regular 9-5. Tired of having to wake up and physically drag yourself to work?
With a little upfront effort and determination, you can be part of the millions of people making money from home. Being able to change your life and quit your 9-5 job is within reach. Achieve financial freedom & award yourself with a better life for yourself and your family.
Learn how to create multiple streams of income, by making your money work for you. By using simple, easy programs and working less than 4 hours a day, from just about anywhere.
Imagine what you could do with all that extra money?
Passive income is perfect for stay-at-home moms, teenagers and the unemployed.
It is possible to make the grand $100 a day without clocking into a physical job, or even leaving your bed.
Keep reading to learn how.
what is passive income?
Passive income, is income that is earned by little to no effort from you. Money that keeps rolling in, without you spending hours and hours to earn it.
Passive income is not a get rich quick scheme. In the beginning, time and energy is required to get the ball rolling. Different passive income sources require different levels of active effort and participation so do your research and choose ones that suit you and your lifestyle.
Eventually, the business starts to run on autopilot, with little to no effort from you! Making you continuous money forever and ever!
Diversify your income. The more income streams you have, the greater the potential for making lifelong rewarding income.
why is passive income so popular?
Imagine getting paid by only exerting minimal energy?
In this day and age, technology, internet and what you are able to do with them has boomed exponentially! You can learn just about anything and everything on the internet now.
Learning how to make money from home really skyrocketed during the pandemic when many people were home, out of work. Relying on their savings and government supports to pay the bills and keep them afloat. Many people then realized, that they didn’t want to only rely on their employer as their only sources of income. Turning to courses, information, and programs with one goal: “making money from home”.
During the pandemic millions of people learned the importance of having more than one source of income. How others with more than one source of income, were the ones staying above financial worry and stress.
Also, with the rising costs of life, one job sometimes isn’t enough to handle all of life’s financial challenges. Having more that one stream of income will definitely make life easier. Helping you to pay off debts, buy a home and retire earlier.
Ready to make money from home? Earn extra income even while you sleep?
Take a look at these passive income ideas, and pick ones that suit you and your lifestyle.
Remember, earning money from home is NOT a “get rich, quick” scheme, and you will need to put in start up time and energy.
Try these ideas out & let me know which one is your favourite in the comments below! Also, if you have other passive income ideas, don’t be afraid to share!
passive income ideas
Affiliate Marketing is one of the most popular ways of earning money online.
With affiliate marketing, you link products and services using a link provided by the program. When people click on your links, you earn a commission! It’s as simple as that!
To startup, affiliate marketing takes a little bit of time and effort. Join programs and networks that have products you use and love to promote to your audience. Use social medias such as Pinterest and Facebook to reach wider audiences.
The best part about affiliate marketing is that it can be done with, or without a blog. Personally, having a blog makes things a little bit easier, but check out “How to Do Affiliate Marketing Without A Website Or Blog” by I Am Dawn Marie, to learn more about affiliate marketing without a blog.
Start earning money from your blog from day 1. Best affiliate programs for new and small bloggers. Earn a full time income from home.
start a blog
Starting a blog has been one of the best things that I have ever done in my life! I always loved to talk and write and blogging has been the perfect outlet for me. Plus is makes me money? Win, Win.
I will say this, blogging is not for the faint of heart, or the easy quitters. Blogging, especially in the beginning, will take quite some time to build a blog that you truly love and are proud of. But in the long run, having a blog or websites is one (if not, the) best way to earn money online.
Having a blog or website gives you the platform to showcase what you love. Be it your own personal experiences and products, products and services that you love, or just to build a community.
Interested in starting a blog?
Learn How to Start a Money-making Blog in this post;
How to Start a Blog For Beginners
You will learn the quick and easy steps to have your blog up and running in no time!
- how to pick a niche and target audience
- best web hosting platforms
- technical website set-up
- choosing a theme
- & writing your first posts
Start your blog today!
create a product
Make a product once, earn income from your product sales for the rest of your life!
Creating a product (digital or physical) is an easy way to make money on autopilot. The list of products that you can sell is endless!
A quick list of products you can sell;
- digital products – printable and wall art
- books (physical or ebooks)
- online courses
- notebooks and stationary
Use platforms like Etsy, Facebook marketplace and Pinterest to promote your products to the world. Once your product is created, it takes minimal effort to market and promote your product throughout the years to earn easy, passive income.
sell your high quality photos
You know those 1,438,256 photos in your camera roll? Some of them are photo gold!
Take high quality photos using your phone or a camera and upload them to stock websites to get paid.
Many businesses are looking for your photos to buy for their ads and campaigns. Photos of people doing mundane things, travel photos, cities and landscapes and food are among the popular photo categories.
Websites looking to buy your stock photos;
- Deposit Photos
Make sure to properly license your photos for sale, and voila! Make money using photos in your camera roll!
join market research
There are companies out there that will pay for your opinion. They would like to know what you think of their latest ad, products or campaign.
Some websites want you to play their game and give your review. You are then paid for your review. How cool is that!
Sign up for online survery websites offereing compensation for answeing surveys. Survery websites are becoming evermore popular with everyone wanting to be the best.
Market Research companies;
- Inbox Dollars
- Opinion Outpost
Join Opinion Outpost for free and start earning today! 11+ ways to receive a reward, from monetary compensation to gift cards and reward programs!
start drop shipping
Dropshipping is still a legitimate way to earn money online. You act as the middle man, shipping products without any physical products in your possession.
Dropshipping does require some learning in the beginning to really get the hang of it. LiveLoveHealthWealth has a great, informative post on “How to Make Money Dropshipping with Shopify“. A beginners guide to making money Dropshipping.
Like any other business, Dropshipping takes determination and a will to sell and make money. But having a online store will always be a profitable business for years to come.
Start selling with Shopify today
Try Shopify for free, and explore all the tools and services you need to start, run, and grow your business.
Learn investing early to get an head start. It’s never too late to star investing! Learn how to double your money and earn income for years to come!
NerdWallet has a great post on “Investments for Beginners” to get your started with investing.
Or your can go the old-school way and visit your local bank for advice on getting started with investments.
Investing is a long term income source that can take time to manifest, so be patient and don’t give up!
use cashback websites
Get money back from purchases that you would have made anyways! Sounds like a dream come true!
You’re not dreaming, websites give you money back for purchasing products through their website.
The most popular cashback site, Rakuten gives you up to 30% back on certain purchases made through their website.
Join Rakuten for FREE here + Join now and get a $5 bonus
1. Shop your favourite items in over 750 stores
2. Get PAID through PayPal or check in the mail
Popular Cashback websites;
start earning passive income today!
Earning that grand $100 a day is within your reach!
What can you do with an extra $100 a day;
- Save for vacation
- Pay off debts
- Save for your future home
- Save for a peaceful, finaincailly secure retirement
- Buy a yacht
The list is endless, when financial freedom is all yours. Learning how to generate passive income will be one of the most rewarding skills you’ve ever learned!
Remember, passive income is NOT a “get rich quick” scheme and you will need to put in some effort, but minimal work will all be worth it in the end. Choose passive income sources that suit you, your audience and your lifestyle.
Quit your 9-5 for financial freedom with multiple streams of passive income.
Which passive income idea are you going to start today? Share in the comments!