In today’s day and age, it is extremely difficult and challenging as well as unwise to just depend on one source of Income for your existence. You never know what the future holds. In this ever-changing and evolving Twenty-first century, creating sources of passive income is the way to go, and we have come up with some Online Passive Income Ideas for you so that you can find the best suitable work for an extra online passive Income.
As Warren Buffett says, ‘If you don’t find a way to make money while you sleep, you will work until you die.’
Passive Income is something that can provide you residual income with minimal time and effort.
Here are some working Online Passive Income Ideas below
1. Create a Course
This is a time of the rise of the ed-tech industry, wherein more and more people are open to learning online and even ready to buy courses. In such a scenario, if you have some knowledge of anything, you can make a course or an audio lecture out of it. A course can be an excellent income stream because, after the initial time and investment, you just have to market it.
2. Affiliate Marketing
You would definitely know about affiliate marketing. With this, a person promotes a product by sharing links to the product or websites. Amazon is one of the best-known affiliate partners.
3. Rental Income
Investing in properties to rent is an excellent investment for passive income. However, it requires a little bit of effort to find good properties and research and investments. But once you know the game, it is a great way to get passive income. Although it can be quite risky as well so just be more active while pursuing this idea and be more aware.
4. Create a Blog or Youtube Channel
Okay, you must be thinking that this is not a good idea because the industry may be saturated. Although I don’t completely disagree with this, I have a different view as well. Youtube is the largest video-sharing platform out there and each day, lakhs of new active users are added. The same goes with blogging, which may appear to be saturated, but there is always someone who may like your content so you can consider the blog and youtube the best Online Passive Income Ideas.
However, the catch here is time. In both cases, you have to invest upfront time to make it work. Once it happens, you can be sure of a good amount of passive income.
5. Rent out Useful Household Items
You can even rent smaller household items, and not just car or property. Example tents or large coolers, etc.
6. Sell Designs Online
If you design something, you can also sell designs online. There are businesses and sites which allow you to sell items such as T-shirts, cups, and hats with your own designs.
7. Peer-to-Peer Lending
This is a kind of personal loan between you and a borrower. This can be done through a third party intermediary as well. You can earn income through interest payments made on the loans. But also since the loan is insecure, you could even end up with nothing in a default.
8. Create an App
If you are an app developer, you can create apps and sell them. It is a very high-paying field. Even if you are not, you can hire freelancers to develop apps and then sell them.
9. Write an E-Book
Yes, you heard it right! You can write an e-book.
You can self-publish your books through amazon where you can get a lot of eyes on your product.
You will need to have knowledge of a particular topic and write a book after that you just have to publish and wait.
10. Sell NFTs
NFTs are Non- Fungible Tokens which are unique assets that are stored digitally. NFTs can be created for anything, be it designs, photographs, music, GIFs, games or videos, etc.
NFTs is a new industry, however, its sales have grown fanatically in the past few years. You can create an account on platforms like OpenSea and do minting by a step-by-step process. However, it involves a nominal upfront fee. Having said that, Creating NFTs is quite easy.
In Conclusion, there are a lot of passive income sources you can create. Creating a course, Affiliate marketing, selling NFTs, Writing an e-book, creating a youtube channel, and making an investment portfolio, are just some of the ideas of passive income. opening an online store, renting things, dropshipping, etc. are more of the idea. However, the passive income also