Want to know 59 passive income sources? Then you are at the right place we will share 59 strategies on how to generate passive income.
It is very important to have passive income. Today I will share with you an amazing 59 ways passive Income sources idea with which you can generate passive income.
After completing the full article you will be Increasing your cash flow of saving account or yield savings accounts of yours with lots of money.
I have made this article with my friend he is a financial advisor and earns passive income in many ways. So I will share with you different ways just check out below:-
1 – YOUTUBE – PASSIVE INCOME STRATEGY
Did you know on average, 4 YouTube channels hit 1 million subscribers every single day?
It Is truly passive because the best thing with YouTube is you do not need millions of views to start earning money. Anyone can start posting videos, no matter where you are in the world. YouTube is the
No age barriers to starting YouTube even small child, college student, peer to peer, and anyone can start YouTube. No capital investment required but you need to start investing In time and effort to make money on YouTube.
Along with YouTube ads, you will get money from various other sources on YouTube like an affiliate program, selling digital product, etc and an affiliate marketer earns amazing with the help of YouTube.
For a detailed article on YouTube click here.
2 – AirBnB – PASSIVE INCOME STRATEGY
Airbnb is a travel app where people can make money by renting out their space to travelers. It is also one of the great ways of building wealth.
All you need is a spare room, apartment or house, however small or big it may be. Again it will be the best and easiest option to generate money.
It is a good option for you to increase rental income and earns passive income.
3 – InstaCart – PASSIVE INCOME STRATEGY
InstaCart is an online delivery service where you can get paid to shop and deliver people’s groceries.
It is an easy side hustle for anyone that wants up to $25 bucks an hour. No special skills are required and it can be done either full-time or part-time if you are in the USA or CANADA.
Even students can do it to build passive income they do not need to take any student loans or any personal loan. Withdraw money is very easy with Bank of America or with online banking of America.
4 – Dropshipping – PASSIVE INCOME STRATEGY
Drop-shipping is selling products online but the main factor is you do not need to hold inventory of your products. A supplier holds your products and they ship it to your customers for you.
So again it will be the best option for you if want to sell products online and earn money. Dropshipping is a business that can make give you financial independence. Again it is a very good source of passive income investments
5- Rakuten/ Ebates – PASSIVE INCOME STRATEGY
Not all passive income involves increasing your earnings. sometimes decreasing your spending and saving money will make you richer as well. that’s the case with
Ebates sometimes provide signup bonus, rewards cards, reward credit cards or cash back credit cards too.
6 – Lyft Driver – PASSIVE INCOME STRATEGY
Lyft Driver is a ride-sharing app where you can get money by drive people to point A to point B. It can be part-time or full-time. This can build passive income for you and increase your cash flowing for you.
7 – ANSWER SURVEYS
There are many companies that will pay you to answer surveys. overall, this gig takes very little skill and anyone can do it. The downside is that you will not get rich but you can earn little to invest in the generation of money.
Also, if you are making retirement planning on how to make money. Then after retirement, you will get plenty of experience in your work so you can join the answer survey to help people with their problems.
8 – COINBASE
If you are thinking about investing in a crypto
You can sell digital bitcoin online.
9 – DROP
The Drop will not make you rich but it is a way to earn money for something you are doing anyway….shopping and spending money. They will automatically give you cash back rewards for every purchase you make when you safely link your debit or credit card to the app.
10 – Survey Junkie
Survey junkie is a platform that pays you to take online surveys. This platform requires little talent and anyone can do it.
11 – CLOUD MINING
Cloud mining is a way to mine and earn cryptocurrencies like bitcoin without the need for your own hardware or technical knowledge. Anyone can invest in cloud mining services It can increase your personal capital but you should not blindly put money into it.
Only a bit little research work and analysis required and then this could bite a good option to earn money.
12 – PUBLISH Ebooks
An Ebook is a true form of passive income because after it is written and published, you sit back and let the money come in. That does not mean it is easy but if mastered one ebook can make you money for years to come.
You can write an ebook on any topic which you have knowledge about and it can become your source of personal finance.
13 – TURO
Turo is a car-sharing app that allows you to make money renting your car to other people. You can use spare car and can generate money.
14 – UberEats
UberEats is a food delivery app where you can earn cash by bringing people food from local restaurants.
15 – SWEATCOIN
Sweatcoin is an app that pays you to move around and get fit. It tracks your distance when you walk or run and converts that into cash rewards and gift cards.
16 – UBER
As an uber partner, you can make money by giving people rides around town In your own car. It can be a flexible way to earn extra money on your own money schedule.
17 – BookScouter
BooKScouter is a website where you can sell books and textbooks for the highest possible price online. You scan your book and book scouter compare prices from over 35 books buyback vendors for you.
This is a great way to sell your college textbooks, old books or start a textbook resale business.
18 – Slidejoy
SlideJoy is a mobile app that pays you money for putting ads on the lock screen for your phone.
19 – ONLINE COURSE
You can create an online course and put it on sale, it will be the best way to generate money. Prepare a course on a topic like coding, web-design, fitness and many.
20 – Honey
Honey is a great invention that helps online shoppers save money. It automatically searches for coupons and the lowest prices on the internet when you are buying stuff online. It is also free to use.
21 – BLOGGING
If you like writing about topics that you are interested then blogging will be good choice.
22 – Acorns
Acorns take all the guesswork out of investing and lets you invest money with any budget.
the app rounds up all of your daily purchases to the nearest dollar and puts it into a professional investment portfolio. It is not going to make you rich quick but your daily purchases will add up over time.
23 – CarVertise
CarVertise is a platform where brands can pay you to place advertisements on your vehicle.
professional will come to wrap your car with ads and you must keep it on for a set amount of time. Once your car is wrapped you could drive it normally like you used to drive and can generate money.
24 – REITs
If you want a more passive real estate investment where you do not have to worry about selling a property or keeping up with tenants, a REITs might be the right option for you.
A REIT is a form of passive investment. If you want to get into REIT investment, you will have to purchase shares of REIT through any stock exchange platforms. This will usually involve some brokerage fees ( but the fee is a one-time investment).
25 – ETSY
ETSY is an online marketplace where artists, craftspeople, makers, and designers can sell their creations to buyers around the world.
In 2017 buyers alone spent more than $3 billion on the site. It is a relatively easy and cheap to list your creations, and Etsy provides a visually pleasing design that you can customize for your unique, digital storefront.
26 – UserTesting
UberTesting is a platform where businesses pay people to test their website. The businesses pay you to check links, see if pages are working and also give opinions about the design.
27 – Stuvia
stuvia is a platform that allows students to sell their study notes online. The platform that allows makes it easy for you to upload notes you have already taken, allows you to set your own price which other students can then pay to download them for their own use.
The best part it? you do not have to give up rights to your notes – only make them available for download.
28 – LISTEN TO MUSIC
There are tons of legitimate companies that will pay you to listen to or review music. If you are a music fanatic you can turn that passion into some extra income.
These sites are scam free and you will get paid from them but it will not be sufficient income. Nonetheless, you can still earn something for listening to music, which is pretty awesome.
29 – FLIPPA
Flippa is an online marketplace for buying and selling an existing business, apps, websites, and domain names.
30 – VIPkids
If you speak English you actually have a valuable skill that millions of people are trying to learn and a platform like VIPKids make things easy by supplying all the resources you need.
with just 3 hours of tutoring a day, you can make as much as $2,000 USD every month! All you need is a passion and qualification to teach.
31 – ZAZZLE AND CAFEPRESS
If you have got some design instinct, you have an opportunity to earn money with sites like Zazzle or Cafe Press. Whether you are always coming up with funny sayings, adorable doodles, or unique perspectives and artistic designs, this can be a potentially large passive income stream that allows you to turn your passion into money.
32 – SKILLSHARE & UDEMY
Selling courses online could be a good and profitable option for you. A platform like a Skillshare and Udemy gives you the opportunity to sell your course and earn.
33 – FUNDRISE
Fundrise is an online investment platform. It is the first eREIT (electronic/ online real estate and an online platform.
platforms like fundraise are becoming so popular because it allows a group of people to invest in real estate properties only the amount of money they can afford and get to the level of the real estate “sharks”.
You with very little knowledge can also invest in it.
34 – Flip domain names
Domain names are commonly known as digital real estate and can be flipped just like properties – sometimes for much more money than actual buildings!
The best part is you can buy a domain for just $1 and sell it for hundreds or sometimes thousands of dollars in the future. There are not many investments where you can see returns of 100x, 1000x or way more.
Again this could be the right option for you.
35 – ZILOK
ZILOK is an online platform marketed as the place to rent anything. Individuals and businesses can list anything they have available for rent, set their rates, upload photos, and wait for users to reach out and rent what they have to offer.
If you think your item or collection of items is too obscure to be rented – do not worry. ZILOK features everything from bouncy castles to ladders, popcorn machines to video game systems.
It is truly the place to rent anything.
36 – FOAP
FOAP is an app that lets anyone sell their photography and videos to businesses. If you enjoy photography, own a smartphone, and can take decent pictures, you might be able to earn some money with FOAP.
37 – JustAnswer
Just answer is an online Q&A platform where experts can earn money by answering people’s questions.
If you are an expert in a given field you can make money on JustAnswer. People seek answers on a range of topics from medicine, electricity, design to the relationship, wellness, fashion and many more. The experts that answer their questions get paid.
38 – WeBull
Weibull is an app that offers free stock trading where you can invest money for your future. On their platform, you can trade over 5,000 US stocks and ETFs with no commission.
39) Abra
Abra is an app where you can buy, sell, store, and invest in cryptocurrencies – and manage all your crypto investment in one place.
40) PRODUCT REPORT CARD
Product Report Card is a place where you can get paid by companies to fill out surveys. This will not make you rich. However, if you want to earn a little bit of money for very easy work then it will be the best option for you.
41) CONTENT CREATION SERVICE
Content Creation Services are where you can generate passive income by making content for large social media accounts.
42) Cashback Credit Cards
Another passive income sources is Switching to better credit cards can potentially put thousands of dollars back into your bank account each year. So change your credit cards to new better credit card and get money.
43) JUST PARK
JustPark lets you make money by renting out your driveway or parking spots in the US and internationally. If you live in a busy area or large city parking is expensive or limited so people will rent from you to save time, money or both. JustPark could be an easy passive income stream for you.
44) DIVIDENTS
Want to involve in the stock market but do not know where to start? We will help you get a handle on how you can jump into earning from high dividend stocks without investing all of your savings.
Smart investing can be a safe, lucrative way to begin turning your money into more money and advancing your financial future.
You can also use https://www.faircent.com/ this link which is peer to peer lending (p2p lending) where you will get many tools like mortgage rate tools that can help to refinance your mortgage financing that can help to make good dividend decisions.
45) BECOME A SILENT PARTNER
If you have got capital, but no interest, skills or time to put into actually operating and running a business, becoming a silent partner might be a great option for you.
Like all investments, there is some low level of risk but if you can throw your support behind some successful brands and people, you will get reward with massive ROI and a significant source of passive income that can indeed be life-changing.
46) POST PHOTOS ONLINE WITH Shutterstock
Leveraging your passions into a passive income is always a good idea – what’s better than earning money doing what you love? That’s what makes Shutterstock such an appealing passive income stream.
You can sell any photographs like stock photos, street photos, etc.
47) OPEN A Laundromat
If you are always wanted to know to own a business as a passive income stream, buying or opening a laundromat can be lucrative and low startup cost opportunity.
Plus, the industry has recently undergone a much more appealing transformation than its dingy history suggests.
48 CREATE APPS WITH GoodBarber
If you have always wished you had the ability to code or develop apps in order to tap into a lucrative revenue stream, you are not alone.
Fortunately, this revolutionary company is making app creations accessible for anyone creative enough and savvy enough to tap into the user’s need. GoodBarber is an online platform that can help you with that.
49) ATM Business
Have you ever wondered who ATM’s belong to? Who puts them there? And who’s earning that fee you are charged every time you use one?
If you read on you will find out how you can start an ATM machine yourself, all of those transaction fees could be going directly into your pocket.
50) TaskRabbit
TaskRabbit lets you earn money for doing various jobs in your neighborhood. The most popular listings on TaskRabbit includes landscaping, helping people move, furniture assembly, deliveries, and cleaning.
51) Crypto mining
After the year they had in 2017, you have certainly heard of cryptocurrencies like bitcoin. These digital currencies like bitcoin. This digital currencies absolutely skyrocket in value in 2017. But what exactly they are and how they work? Understanding cryptocurrencies and how they ‘mined’ can easily make your brain hurt.
52) TranscribeMe
Transcribe is one of the simplest income opportunities we will cover. It is one of the least ‘passive’, as it will require you to sit down in front of your computer and do actual work. Lame, we know. But it can provide you the option to earn some extra money just about anytime you need it if you are willing to put in your hours.
53) Swagbucks
Swagbucks is a site that pays you to do different things like answer surveys, watches videos, play games, and other online tasks.
Although the income is very low if you want something super easy to do in your spare time and a way to start earning immediately this will be then a good option for you.
54) Rental Properties
Another passive income sources is the definition of rental properties is fairly simple: They are properties that bought by investors and then rented to tenants in exchange for a certain payment (rent).
55) Teach English Online
If you speak English online you actually have a valuable skill that millions of people are trying to learn. The best part is you do not have to be bilingual either. There are many opportunities to teach online even if English is your only language. There are many platforms that can help you to make money online by teaching English you can check our detail article.
56) RedBubble
If you have got a little bit of artistic ability (or a lot) and an entrepreneurial spirit, then RedBubble might just be the perfect passive income opportunity for you. It is simple, fun, and potentially a great way to earn extra income by channeling your creativity into real products that individuals around the world can order and use.
57) Outsource your Business
Have you developed a somewhat successful business that’s giving you lots of earnings but taking up a great deal of your time? Then outsourcing your business might be a great way to turn your active income into passive income.
Outsourcing is a good way to build a money market in the economy.
58) Ally Invest
ALLY investment is another good option to invest and become financial freedom from the financial crisis. You can also invest in index funds, insurance companies, mutual funds. Even the credit score of an ally is very minimum.
ALLY also helps you to manage your money market accounts by checking account on a regular basis.
So, I have told you above much passive income source and some are the sources that require little time and efforts and you can make money while you sleep.
59) Vending machines
Have you ever wondered who vending machines belong to? Who puts them there? And who’s earning that fee you are charged every time you use one?
If you read on you will find out how you can start a vending machine yourself, all of those transaction fees could be going directly into your pocket.
CONCLUSION
So, I hope you have gone through various passive income sources and enjoyed business ideas and investing strategies tips. Just tell me which way will you use to generate passive income?
