Passive income may seem complicated, but there are so many easy ways to get it. So, you will definitely find the perfect option that matches your skills, goals, and hobbies. To give you some inspiration, we’ve put together some of the best passive income ideas that anyone can use.
Table of Contents
Create an online course
Creating an online course that people can buy no once is a great way to create passive income. Of course, creating a course will take time, effort, and experience, but when it will be ready, you can post it online and make a profit every time someone makes a purchase. Nowadays there are no restrictions on the topic on the online course. Sports trainers can create a series of fitness videos, chefs can start online cooking courses, accountants can help others learn to spend money correctly. Of course, you may need to demonstrate the appropriate qualifications or experience, but you can earn income through the YouTube channel, even if you do not have any qualifications because everyone likes life stories and life hacks! Forbes says that setting up a business that takes time ahead of time but allows you to work less as the business grows is a great way to generate passive income.
License your music
If you are a musician, you can write and license your music to receive money anytime when someone wants to use your track in any project. There are several ways that licensing your music can make money online, and it’s a great way to increase your income if you don’t want to make a concert.
Cryptocurrency trading and investing in digital coins have already become commonplace for many ways to make money. Today, cryptoassets allow owners to receive passive earnings – and it can be more than the profitability of bank deposits and other traditional financial instruments. Tools such as https://zignaly.com/crypto-copy-trading allow you to trade more successfully even if you have little experience.
Earn crypto interest
There are many options to increase your digital asset income. For example, deposit bitcoin and receive interest. For example, many cryptocurrency services allow cryptocurrency owners to give out their digital coins to other users at a percentage. If you want to earn crypto interest you can study the topic of crypto lending websites.
There are several apps on the internet that will pay you free money for doing almost nothing. Sounds unbelievable, but it’s true. For example, one of those apps is Honeygain. Honeygain is a crowdsourced web intelligence network that will pay you free money for your bandwidth. You don’t need to be worried about your personal data, it won’t be touched, since you are only sharing your internet connection. You can start earning money by downloading the app and registering.
Create an application
Instead of renting out your development and IT skills, you can turn them into a passive income by creating an app that people can download. The application doesn’t have to be very complicated or even cost anything. It can be simple but interesting that many people will enjoy. Even if you are not a technical specialist, you can still make money by creating an application. You can learn the basics of programming, which is interesting and useful or find someone with the appropriate skills.
Rent out a car or garage
If your car is just driving on the road, you can make money by lending it to others while you are not using it. Depending on your location and the model of the car, this idea for earning money can bring a good profit. You can also earn an impressive income by renting out your parking place or garage. Big cities will be especially profitable because parking places are so popular there. That is what people will overpay for – for a safe and guaranteed place where they can park a car.
Create an advertising space on your car
If you regularly ride to work or even on vacation, you can make a profit from your daily travels by selling advertising space on the side of your car, van, or truck. This way, you can earn several hundred dollars a month just by sticking a few labels on your car and using it as usual.
Participate in sleep research
There is nothing more enjoyable than making money while sleeping. If you have good health, you can submit an application to participate in a sleep study and make your sleep work. By participating there you can earn thousands of dollars. All you have to do is pass a physical and psychological examination. And then, sleep! But, be careful: some sleep studies require not to use social networks and do not communicate with friends and family. However, a large income is worth it.
Some websites are working to turn your design into fashionable T-shirts or a number of other products. With this business idea, all you have to do is design the products, and the supplier will do the remaining. You will receive a part of the profit when your projects will be sold! All you have to do is upload your designs, and the company will make the product, sell it, pack it and ship it. So, you can relax and enjoy the profits.
Create a business by selling in vending machines
Vending machines are a profitable and maintenance-free idea for a small business that can realize almost everyone. Just buy some vending machines and rent them out to local businesses. Then drive around every couple of weeks to restock the products and empty the cash. You can even hire someone to do it. There is nothing easier!
Get paid for installing apps on your phone
Yes, you understand it right. You may get paid to install apps on your phone. Some companies explore how people use their mobile devices and apps, so they pay anyone who allows them to track it. Just download the app and use your smartphone as usual. The app will track your usage and report back the research. If you don’t need an app that tracks your usage, you can also download a money-saving app that will track your spending and help you make the right choices. Of course, these apps don’t pay, but savings can accumulate quickly, and you will feel that you have earned income!