There are several ways to make money online. But all of them are not passive. You’ll have to work regularly to make money with freelancing, graphic designing, or other online work. And In the previous articles, we talked about some passive income ideas to help you make money even while you sleep. For some ideas, you were required to invest money and for some, you had to work hard to build a proper income stream.
But in this article, you’re going to learn the 10 Best online passive income ideas to make money that you won’t need to put a lot of money in or work hard for. Very easy, simple, and lucrative.0 Best Online Passive Income Ideas To Make Money While Sleeping
Making money while sleeping is not that hard as you might think it is. You can easily build multiple passive income sources if you have investment and some business skills. Initially, you’ll be required to have some money to invest, that you can get with these money-making side hustles. Once you have enough money saved, you can invest in a small business to start earning passively. Here are a few successful online business ideas that you can start if you are a beginner.
1- Stock Photos and Videos
Every Content creator needs photos and videos for their content. The images that you’re seeing in my blog posts, I’ve got them from different sites that allow me to use these images and videos. I do the same for all my websites. Because I don’t have time to capture all the photos and videos by myself.
So if you have some photography skills, and can make stunning photos and videos, you can make passive income by joining the platforms like Shutterstock and iStock.
You’ll have to make videos only once. And you’ll be getting paid for a lifetime as the downloads increase.
2- Youtube Channel
Youtube is one of the easiest passive income ideas to make money online. You don’t need to have technical skills to be a YouTuber. It’s very simple. Just start creating videos on a specific niche and monetize your videos with Google AdSense, Sponsorships, Affiliate Marketing, or by selling your own products.
Some Popular Youtube Niches:
3- Create Courses
If you have knowledge and Experience in a Particular Field, you can create a video course and sell its copies to make passive income. To make one million, you’ll have to sell 10000 copies of a course worth 100 dollars. And getting 10000 students on Udemy and skillshare isn’t that hard.
4- Affiliate Marketing
Affiliate Marketing is passive only when you have built a base audience. And you can do it by creating different niche blogs and social media accounts. In Affiliate marketing, you’ll have to digitally market other companies’ products, and help them to get customers. With affiliate marketing, you can easily make a 5-10 % commission.
5- Subscription-Based Apps
Subscription-based apps are those that charge you for providing their services monthly or annually. These apps could be like lockers, VPN, Learning apps, photo video editors, or dating apps. You can either create that application by yourself or can hire someone for coding. It’s a one-time investment and a lifetime earning source.
A lot of people prefer an audiobook over a traditional book. Because it’s a bit convenient. You can listen to the book wherever you are. that’s why the audiobook industry is growing rapidly. You too can make money by publishing your audiobook online.
There are different types of websites and each works differently. But if you want to make passive income through websites, you’ll have to create a platform that doesn’t need to be updated regularly. And some tool websites can do this job perfectly. You might have used some online audio converters, translators, text to speech, analytics, or other tools. All of them are created on a server with some coding. And you won’t be required to update them regularly.
If you can’t code a website by yourself, you can buy it from Codecanyon.
8- Make Niche Blogs
Creating niche blogs is another one of the best online passive income ideas. You can write posts on them by yourself or can hire other writers if you have money. Later, you can link your blog to Google AdSense or do affiliate marketing to make passive income.
As there is too much competition in this field, so you should have to choose less competitive niches to be successful. You can also use social networks like Pinterest and Facebook to drive traffic to your blogs.
If you work on your own, a blog will cost up to $100. And if you hire someone to write, it can take up to $1,000. The earnings depend on how many people read your blog posts. And there are various other factors like CPC, CTR, and RPM.
9- Forex Trading
Forex Trading is Passive, Lucrative but hard too. It requires both experience and money to get started. In forex trading, the risk rate is quite higher than the other businesses. So going into this field without having enough experience and knowledge is not recommended.
But if you want to learn, you can create a demo account in a legit online broker. You can Google it, to know which is the best online broker in your country.
10- Outsourced Freelancing Work
I know a few guys who are making approximately $10000 per month in freelancing. And they are not doing all the work by themselves. They hire other skilled workers to complete a specific task. Whether it’s about writing, SEO services, graphic designing, or web development. And they are running a complete freelancing business.
Platforms you can join to Start Freelancing Business:
- People per hour
These are the 10 online passive income ideas to make money
- 1- Stock photos and videos
- 2- Youtube
- 3- Courses
- 4- Affiliate Marketing
- 5- Subscription-based apps
- 6- Audiobooks
- 7- Websites
- 8- Make Niche Blogs
- 9- Forex Trading
- 10- Outsourced Freelancing Work