You can start a drop-ship business with almost no investment, without inventory or handling shipment.
All you need to do is build a simple website and do some advertising! You can start making sales right away without having to build a large audience.
Dropshipping works like this:
- Customer purchases a product on your website. (Let’s say 400$)
- You place an order with the supplier for that product. (for 130$)
- The supplier ships the product straight to your customer.
- You keep the difference as profit. (270$)
This is the exact simple method that many drop shippers follow that now brings in thousands of dollars month-on-month.
Want to learn the secrets of drop shipping and generate passive income?
6. Developing Mobile Apps
Who doesn’t own an Android or an iPhone these days? Whatever be the mobile, the smooth functioning of the device requires the installation of several apps (an acronym for applications).
If you have an amazing idea for a mobile app, then wait no more!
You don’t have to pay to build an app yourself, but you’ll need to pay a small fee to Apple and/or Google to distribute it on their app stores. If you can’t build it by yourself, you can hire someone else to develop the app for you.
They are many ways to earn money with an app, the most popular way is to sell the app on the app store and start earning residual income.
If you charge for your app or have in-app purchases, Apple/Google will take a cut. If you give an app away for free you can include adverts, or have in-app purchases for content, features, virtual currency, etc.
In either case, you need to make something lots of people want to use to earn a significant amount of revenue from these sources.
7. Selling a Course on Udemy
Udemy is an online teaching or learning platform with thousands of courses and millions of courses. Udemy is a highly profitable option if you’re highly knowledgeable in any particular field. What people do is place their courses on Udemy and expose them in front of millions seeking to learn that particular course.
All you have to do is create a video or SlideShare of your course (along with brief info of what you’re going to offer in the course) and start selling it.
This Complete Guide to Selling Courses on Udemy will help you find the perfect course topic for you and how to discriminate whether it will be successful or not. Besides that, it will help you understand the process of creating professional-looking videos that students will love and understand the key principles to promoting your course to ensure high sales no matter what niche you’re in and finally know how to write a perfect landing page and a promo video that is engaging and high converting.
You can create multiple courses and continue making money tutoring on Udemy. The more courses you offer, the more money. The money you make depends on the value you provide to your audience. So, try to attend to the problem-solving issues of your readers to make good passive income from your courses.
With the advent of teachable and other content marketing platforms, you can extend your reach & triple your income. Master the exact steps of turning your existing courses into a 6-figure, full-time online business.
8. Affiliate Marketing
The power of affiliate marketing is you can make a full-time passive income even while doing your day job. By now, you might have already heard of this term, but what does this mean? Affiliate marketing is getting paid for selling someone else’s product. The commissions range from anywhere between 10% to 90% depending upon the discretion of the product owner.
For example, here at Hearmefolks, I make a good income (most of which is passive) promoting web-hosting services, Amazon products, templates, ebooks, and lots of other products related to my niche. I owe my affiliate success to this detailed step-by-step course offered by a top-class renowned blogger Michelle!
How does this work?
In order to become an affiliate marketer, you first need to search (in the footer section) if the website/service you’re willing to participate in offers an affiliate program. If it does, you need to apply for their program. They then provide you with a special tracking link, which you can promote on all mediums. The moment when somebody makes a sale through your link, you’re paid your commission.
Affiliate marketing can be confusing and tricky for a beginner. But, believe me, it’s definitely doable with proper training & guidance.
Michelle from Making Sense of Cents makes over $50K solely from affiliate income which is just insane and she shares her strategies in her course. So much so that, she’s now listed as the top bloggers making a 6-figure income.
Her course, ‘Making Sense of Affiliate Marketing’ takes you step-by-step through the entire affiliate marketing process.
If you’re planning to get into affiliate marketing, I would definitely recommend you to get it right now! Not to forget the above course is a golden goose for Michelle and her affiliates.
Here are a few most renowned affiliate marketing programs, you can explore right now!
The most renowned passive income source is the Amazon affiliate program, which starts with just 4% commission but has high yields. You can easily create your own online store with Your Choice of Products available on Amazon or build a niche-based site from scratch.
- Another proven system of passive income is ‘Clickbank Affiliate Marketing’ where you can promote ClickBank products even without a website, just by promoting on Facebook and other popular social media networks. Interested in ClickBank Success Affiliate Marketing Without A Website. Get Started right now!
9. Creating YouTube Videos
YouTube is the 3rd most viewed website in the world. Over 65,000 new videos are being uploaded every day, and the site receives more than 100 million video views per day. This shows the power of the Tube Moghul and how it became a part of the everyday life of even a common man.
Above all, the most attractive feature that makes YouTube the king of all Video hosting platforms is its revenue sharing program. It implies that publishers like you and me can start making money on YouTube by uploading videos.
To start making money, you first need to set up a YouTube channel, create awesome videos, upload them to YouTube. With a good vlogging camera and a few tips to shoot videos, you can quickly rock on YouTube and start making money.
10. Monetizing a Blog
I believe you might have overheard this…
Without any blogging is the #1 (most profitable) way to make passive income working from home. That’s the reason the blogosphere is inundated with millions of blogs with everyone trying to make money with a blog. There are numerous bloggers that make a 6-figure income just by blogging. The secret behind their success is to convert the traffic into actual dollars and cents.
You might be really wondering:
Can we really make money from a blog? Do we need to have the expertise to make enough money blogging?
The answers to those questions are yes and no respectively.
People who are absolutely new, now make a full-time income blogging.
How about some proof?
Brian Clark from Copyblogger, Neil Patel from Kissmetrics, Michelle from Making Sense of Cents, Harsh Agarwal from Shoutmeloud, and many more make a 6-figure income just by blogging. Their blogs are now worth multi-million dollars.
I started off by making pennies but within a short span of 6 months, it turned into a consistent source of passive income. I’m saying this not to brag about myself, but to inform you that it’s definitely possible to make money from a blog.
If you’re into blogging and failing to make any money off it, it’s not because you think that making money from a blog is a hoax, it’s because you’re not implementing the right strategies into it.
There is ‘N’ number of ways to make money from a blog, you just need to focus on the right niche for your blog and get going.
Here I’ve listed 8 Ways of Monetizing a Blog, implement the ones that best suit your niche.
Let me point out an important observation, most of the passive income ideas I’ve covered in this post can be listed under one roof that is blogging. If you’re into blogging and intend to accelerate your blog growth, then you’re automatically into creating a branded website/blog, affiliate marketing, publishing ebooks, selling your own products/courses, creating videos, and many more. So just by starting a blog, you cover all means of making money online which makes blogging the #1 way to make passive income.
The best part of blogging is its minimal investment. If you choose to make blogging your source of passive income, I recommend you to get started with Siteground. Sign up with this link, to get a 60% discount on hosting (along with a free domain name).
Here’s a tutorial to help you replicate my blog: Step-by-Step Guide to Build a Lucrative Blog!
11. Start a business and let someone else do the work
Owning a small business of your own is always a good way of earning an income. When it comes to generating a passive income, a business can prove to be really fruitful. However, the key to run a business is to get the right people doing it for you. It doesn’t matter whether you open a new business of your own or buy off an existing one, your business idea can be a viable source of income for you.
The best thing to do is come up with a small business idea. If you are unable to figure out what is right for you then you can also search the internet in order to find out some of the best creative small business ideas. There are several sites on the net which can fetch you some good ideas that you can proceed ahead with. Some business ideas require very little money upfront.
In fact, there are businesses that can be established for under $100 only. So what are you waiting for? This is the best way you can increase your passive income.
12. License your photos
Taking pictures has become a huge trend in today’s time.
But have you ever thought of making money with it or have you ever wondered how it is done?
Well, if not then we are here to help you with the process. if you have the skills to take good pictures then you can easily earn some good passive income by licensing your photos. All you need is some good photography skills and a good camera and you are all set to earn more.
You may have come across several websites where you can sell photos. Every time someone downloads your photo, the site will pay you a royalty amount.
However, you need to make sure that your pictures are really great or else it won’t do you any good. Therefore, this option is especially suitable for professional photographers and for those who possess good photography skills. If you think that you have it in you what it takes to be a good photographer then the field is all yours.
13. Rent your car for ad space
How would you feel to earn money just by driving your car and not having to lift up passengers? Sounds pretty interesting right? Well, you can do that by allowing companies to paste their ads on your car windows.
You may have seen many buses and public vehicles carrying ads. Well, all these vehicle owners have actually allowed various companies to stick their ads on their cars. You can do the same and earn some good passive income from it. You can actually earn a few hundred dollars by just doing nothing on your own.
All you need to do is contact an ad company and let them know that your car is available for pasting posters. The rest will be taken care of by the company and thus, you will get paid for just driving your car all around the city. Isn’t this actually a good way of earning money? If you agree with us then you should definitely give this idea a thought.
14. Buy a Laundromat
Here is yet another great idea to boost your passive income. This business idea can help you earn loads of money. There are many cities that have established Laundromats that are available for sale.
Here’s how it works:
1. At first, you need to buy the already existing business.
2. After which you need to make sure that you have someone responsible to take care of the day-to-day operations.
3. Later, you can absorb the profit that is made.
Thus, you can see how easy it is if you put in just a little effort from your end. One of the main reasons for you to buy an existing Laundromat because the costs of a start-up are pretty high. Therefore, it is always better to go for an existing one so that you do not have to waste more money after it.
Moreover, you can earn the same amount as you would have in case if, you would have started a Laundromat of your own. Therefore, there is no loss for you but only gain in this matter.
Commercial dryers and washers don’t come off cheap. Therefore, it makes more sense to acquire an already existing Laundromat than to start right from scratch. Now that you know how the whole thing works it should be easier for you to take the step.
15. Rent your stuff
You will come across thousands of people out there who are looking to rent varieties of items. There are also several websites where you can advertise your stuff to rent it to people. Websites like Craigslist allow people to upload their stuff so that they can rent it to others and earn an income from it. This is actually a simple yet very good way of earning a passive income.
Here are a few items that you can rent:
- Extension Ladders
- Tables and chairs
- Party Tents
- Log splitters
You can also come up with various other items that you think are worth renting. All you need to do is make sure that you have a proper renting agreement with the other party. Both the parties are required to sign the agreement. Also, you need to collect the rent see beforehand and get a secondary proof of address along with a current photo ID of the renter. This will help you to protect the property that you are renting out. If you want to have complete peace of mind then you can also ask for a security deposit before renting out the item.
16. Rent out a room in your house
Have a spare room in your house? If yes, I’d definitely vote for this idea to earn recurring passive income.
In order to get better responses, what you can do is advertise that you have a room available in your house to rent. You can post your ad on various websites that exist out there on the internet. The most reputable one, of course, is Airbnb!
All you need to do is make sure that the room is done good condition. Other than that you can hire a maidservant in order to get your room clean once your guest leaves. This will eliminate the need to put in any effort from your end and thus, make it truly a passive source of income.
17. Cashback and Rewards
Did you know that you could on a good amount of passive income by signing up with a special rewards shopping site? You can come across several sites on the internet which are known to pay you every time when you shop at certain online retailers.
All you need to do is download the eBates Browser extension and every time when you visit an E-Commerce site online that is eligible for cashback you will receive a notification.
Shop through EBates at your favorite stores. Earn cashback on your purchases. Get your Big Fat Check or Paypal payment. Sign up for eBates and start earning cashback every time you shop.
There are plenty of such cashback websites available on the net. All you need to do is look for the right one so that you can have a viable source of passive income for yourself. Thus, it can be said that this is indeed a very good and creative way of earning a passive income right from the comfort of your house.
18. Install & Get Paid Up $50 Per Device
Can you believe that you can actually get paid for just having an app on your phone?
If not then you should know that this is actually possible. The app that we are talking about here – Neilsen Computer and Mobile Panel actually tracks each and everything that you do on your device and sells your data to big companies. It is true that in a way it is invading your privacy but then at the same time you are actually getting paid for it.
If you are someone who doesn’t really mind getting tracked then this could be the perfect way of earning a passive income for yourself. The more devices you sign up for, the more money you make! Click here to Install Neilsen App to start making Passive Income.
The app continues to run in the background and you can win rewards when you enter it.
This is actually a very simple way of earning money and that too for doing almost nothing. All you have to do is download the app on your phone and then continue to get paid for it. There are actually a lot of money-paying apps available out there for both Android and IOS users for passive income.
Passive Income Streams that Require Upfront Money Investment
In the above section, I covered the ’10 most profitable semi-passive income ideas’ that could be up and running with little to no investment. Here, you’ll find some crazily profitable ways to be debt-free and build wealth just by investing money upfront.