6 Best Passive Income Ideas For 2018

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

Welcome to the new frontier of making money, where there are countless ways to earn it. Some of these money making methods are passive, where you do not have to trade your time for money! Here at Investing Simple, we love passive income.

But there is a catch: You need to put in time setting it all up. Lots of time.

The investment, however, is well worth it.

In other words, you work a lot today, and you don’t work nearly as hard tomorrow!

It takes time and patience to start seeing money coming in with passive income. That’s why most people just get jobs. My favorite definition of passive income is that it is income paid on your past efforts. Put in the work today and reap the benefits tomorrow!

Here are our favorite passive income ideas for 2018. 

1. Real Estate:

Real estate is one of the best ways to make passive income. At first, this is going to anything but passive! You will be managing the property, collecting rent and making repairs. Down the road, you will be able to hire a property manager and this can become passive.

If you want to learn more about investing in real estate, check out Graham Stephan on YouTube. He became a millionaire in his 20’s simply by saving his money and investing in real estate.

Here is a great video on investing in real estate by Graham Stephan.

If you don’t have the money for investing in real estate on your own, another option is to invest in real estate through Fundrise!

With Fundrise, you are pooling your money with other people and investing in real estate projects. Fundrise is a relatively new investment, but so far they have seen 8 to 11% returns. This type of real estate investment is 100% passive! You put your money to work and you sit back and earn your returns.

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Fundrise Returns 2014 To 2017

Click here to learn more about Fundrise.

Another way to make passive income with real estate is by offering short term rentals. If you live in a tourist area, this is a great option. Rather than renting your spare living space out for extended periods of time, you can often make more money doing short term rentals on sites like AirBnb.

While AirBnb is great, you are actually better off building your own site for rentals. This will cut out the middleman and keep more money in your pockets since you will be avoiding the AirBnb fees! At first, this will be active income but down the road you could hire a property manager for a fee.

2. Dropshipping:

One of the most popular ways to make money online these days is by dropshipping. Essentially, you are selling products that you are never putting your hands on. You build out a website, run ads to get traffic to the site and then fulfill the order.

For example, many people are creating a Shopify store where they can sell products from AliExpress. Keep in mind that it will take weeks if not months for products to ship from China, so you want to be transparent about this on your site!

A better way to dropship is to ship the products to the United States first and pay for fulfillment services. This will significantly reduce the shipping time.

Dropshipping Model.png
Dropshipping Explained, Oberlo

3. Online Courses:

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest.

TIP: Ask people who’ve completed the course to write a testimonial praising it, and publish their words.

4. YouTube Videos:

One of the coolest ways to make passive income is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue.PNG
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education YouTube

You are reading that right. Jeremy is making over $16,000 a month with his YouTube channel! There are countless YouTube channels out there pulling in over $100,000 a month just in ad revenue.

5. Affiliate Marketing 

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Link a product to your blog, YouTube, Instagram, Facebook, etc.

Every time someone clicks on the product and buys it, you get paid a royalty.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

6. Stock Market:

Here at Investing Simple, our favorite way to make passive income is to invest in the stock market. This type of investing can be 100% passive!

It may seem dicey or risky, but if you put in the time to learn about the ins-and-outs of playing the stock market, you can take small steps to start based on a long-term plan.
There are tons of sites for tutorials aimed at newcomers to the stock market, teaching you the lingo, how to assess your risk tolerance, and even giving stock tips.

Check out our beginner’s guide on investing in the stock market here!

41 Side Hustle Ideas You Can Start Today

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

The side hustle is the new american pastime. People want a side business and an extra source of income. Whether you are trying to make an extra $100 a month or $10,000 a month, we have compiled a massive list of side hustle ideas you can start today!

1. Amazon FBA

Selling on Amazon has emerged as one of the most popular side hustles and full time hustles for some. The idea is rather simple, buy low priced items and flip or sell them for higher prices on Amazon.

2. Amazon Affiliate Links

This is hands down one of the easiest ways to make money online. You simply refer sales to Amazon and earn a commission in the process! This requires you to have an audience, like a blog, YouTube channel or a huge Instagram following.

In this video, Ryan Scribner talks more about making money with Amazon links!

3. Tutoring

This is one of the easiest side hustles, and you can do it at any age! Tutor your friends in high school or college, typically an all cash hustle!

4. Social Media Marketing

Investing Simple is affiliated with Online CEOs by Josue Pena.

Have you mastered social media?

Small businesses will pay generous amounts if you can properly manage their social media to bring in more customers.

Another idea is to manage the accounts for a well known influencer. It is not uncommon to pay someone $1,000 a month or more to manage a social media account!

Josue Pena has dozens of clients paying him over $1,000 a month for account management. In fact, he makes almost $100,000 a month managing social media accounts!

Learn more about what Josue Pena does here.

5. Mowing Lawns

This was my first side hustle as a kid. I would mow lawns in my neighborhood and make $20 per lawn. As a 14 year old, I could not be happier!

On a larger scale, you could hire a team of people to mow lawns for you. In the Winter, you can plow driveways!

6. Clean Pools

People are lazy, and they hate cleaning and maintaining their pool. Offer an all inclusive service of opening, cleaning and winterizing pools!

7. Build An Instagram Page

Investing Simple is affiliated with Online CEOs by Josue Pena.

There are countless ways to make money with Instagram. If you are interested in creating your own content, consider building out your own Instagram page! Then, make money with affiliate links, paid promos or brand deals.

Take Josue Pena for example. He has a network of Instagram accounts with over 4 million followers!

Click here for a free Instagram training guide by Josue Pena!

8. Short Term Rentals

If you have extra space in your home, or a spare apartment unit, consider renting it out on a site like AirBnb. This will allow you to make money while providing much needed short term housing.

For those interested in this idea, check out the new show Stay Here on Netflix! It is all about maximizing your profits with short term rentals.

Stay Here.jpg
Stay Here, Netflix

9. Stock Market

Investing in the stock market can be a great side hustle. If you learn about investing, you can save yourself from paying for active money management.

Here is our beginner’s guide to investing in the stock market!

10. Crowd Funded Real Estate

So, you’ve always wanted to invest in real estate but haven’t been able to pull together the funds for a decent two family home? There’s a new way to add real estate to your investment portfolio that pools money towards a specific project, allowing you to decide how much to put towards it.

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Fundrise Returns, 2014 To 2017

Sites like Fundrise offer projects for you to review as well as low fees to start. The expected annual returns are in the arena of 8 to 11 percent, which is a nice return! Experts help you determine where to invest your money in the real estate projects based on your long term goals, and keep you updated on how your project is progressing.

Click here to get started with Fundrise.

11. Ride Sharing

If you don’t enjoy going out to the bars make some extra cash picking people up on weekends, you can earn extra during hot hours. Apps like Uber and Lyft make it easy!

12. Food Delivery

If you aren’t interested in delivering passengers to their destinations, you can just deliver food to them! People will pay for food delivery services like GrubHub.

13. Test Websites

There are a number of different platforms out there where you can get paid to test apps or websites. Typically, you are paid based on the quality of the review you give them.

14. Create An Online Course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Sales Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

15. Write An Ebook

Learned a lot about home improvement? Discovered secrets to small space gardening? Restored an old sailboat recently? Put your knowledge onto the page by penning your own non fiction book and hook up with Amazon for sales.

Then, invite everyone you know, from family to Facebook friends, to order a copy of your new publication, and earn both accolades and extra income. It could be fiction or non fiction but the sweet spot here is usually 50 to 60 pages of well written content.

16. Start A YouTube Channel

One of the coolest side hustles is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education

You are reading that right. Jeremy is making over $16,000 a month with his YouTube channel! There are countless YouTube channels out there pulling in over $100,000 a month just in ad revenue.

17. Blogging

Blogging can be a fun creative outlet that can turn into a side hustle though affiliate marketing and selling ad space. One example of this is Good Financial Cents. Jeff Rose started this blog over 10 years ago, but in one month alone he made over $100,000!

Check out this video Jeff Rose did talking about that.

18. Resume Editing

A lot of people struggle to perfect their resume before that big job interview. Build up a reputation, create a website, and earn up to $100 per resume you critique.

19. Moving Company

If you aren’t afraid to do some heavy lifting, you can start a moving business. If you pack the houses yourself, you can make even more money!

20. Junk Hauling

It seems like everyone has a pile of crap they want to get rid of today. Go door to door and offer to clean out garages, sheds and basements!

Remember, not everything is junk! You can get paid to haul it away and then resell it on Craigslist or online.

Junk Removal
Junk Removal Business, Flickr

21. Start A Food Truck

If you have talent when it comes to cooking, consider opening a food truck!

Check out these guys. They restored an Airstream camper and turned in into a moving bar! Now, they go to events all over and make money selling drinks.

Barstream.PNG
BARSTREAM, Saratoga Springs NY

22. Become A Virtual Assistant

Virtual assistants perform administrative tasks such as replying to emails, scheduling meetings and making travel arrangements. Contact busy people and offer to be a virtual assistant for them!

23. Party Planning 

Are you the friend that is great at planning parties? Make it a little side hustle and start planning parties for more than just you and your friends. If you live in a wealthy area, you can attract some high end clients with this service!

24. Tour Guide

If you live in a big city where new people need help getting around you could become a local tour guide. Set up a website or offer an experience on AirBnb! There are countless ways to advertise this service.

25. Consulting

You can consult in almost any professional field, like accounting, branding, business or any other area of expertise. This can be one of the most profitable businesses out there!

26. Life Coach

Some people just need a little push! Become a life coach and help people achieve their goals by working with you for strategies and accountability.

27. Dropshipping 

One of the most popular ways to make money online these days is by dropshipping. Essentially, you are selling products that you are never putting your hands on. You build out a website, run ads to get traffic to the site and then fulfill the order.

For example, many people are creating a Shopify store where they can sell products from AliExpress. Keep in mind that it will take weeks if not months for products to ship from China, so you want to be transparent about this on your site!

A better way to dropship is to ship the products to the United States first and pay for fulfillment services. This will significantly reduce the shipping time.

Dropshipping Model
Dropshipping Explained, Oberlo

28. Content Translator 

Major influencers want to go global and will pay you to translate their content into a new language so they can build a massive audience. Consider Rev, they charge $7.50 per minute to translate! 

29. Data Entry 

Small companies will pay to have all their data organized and entered into excel sheets making their jobs easier. As boring as this is, it could be a great side hustle if you have the patience for it! 

30. Website Design 

This is an acquired skill many people don’t have time for. Design company or personal websites and offer to update the sites if the owner pays you a retainer.

31. Catering 

Like to cook? Good at staying organized? Catering requires you to provide food and beverages for special events like dances, weddings, or graduations.

Another option is to be a personal chef. Show up for your customer, cook a meal in their home, clean up and get paid!

32. Sell T Shirt Designs 

Sites like Teespring allow you to sell your own shirt designs and print on demand!

33. Vending Machine Business 

Every time you put in money or swipe your card for a Coke or a Kit Kat Bar or bag of chips, someone somewhere is gaining a profit from your purchase.

Jump on that band wagon by investing in a quality vending machine, which will range from $3,000 to $4,000 a piece, then find a prime location to set up.

Vending Machine
Vending Machine, Pixnio

Negotiate with the property owner, say a laundromat, and offer a slice of the profit pie in return for the optimal site.

This can easily be a single employee business (you) when you take care of restocking and checking the machine. Reinvest your profits into another machine, and repeat the process over and over until you have a small business!

34. Produce Stand 

If you enjoy gardening, consider opening a neighborhood farm stand!

35. Car Flipping 

Just like anything else, buy low and sell high.

Try to find decent cars that are cheap, fix them up and sell them for a higher price!

36. Shoe/Handbag Flipping

Look for designer shoes and handbags at stores like Marshall’s and TJ Maxx. Check the prices on eBay while you are in the store and find items you can sell for a profit!

37. Become A DJ

If you have the equipment, consider starting your own DJ business on the side!

38. Photography

With a good camera and some basic skills, you can get paid for taking photos of others! This is a great business for prom and wedding season.

39. Flip College Textbooks

Generally speaking, college students are not financially responsible. They might be willing to sell that $200 textbook for $20 come the end of the year! Buy textbooks and resell them on sites like eBay, or rent them out!

40. Online Dating Consultant

If you have some skills when it comes to starting conversations, consider helping other people with online dating. You could also help them take photos and write a compelling bio!

41. Flip Cellphones And Electronics

If you can learn how to fix phones and other electronics, you can buy broken phones in bulk and resell them on eBay as refurbished electronics! Or, just simply buy electronics on sites like Craigslist and resell them on eBay.

When it comes to starting a side hustle, you need to be patient! Don’t jump from idea to idea. Start with one thing and stick to it for at least a few months. It will take time to build up any business.

6 Realistic Ways To Make $100,000 Online (WITH PROOF!)

The world is full of opportunity today. You have the ability to make money while in bed, sitting on your phone, or even while you are asleep. This opportunity is made available by something called the internet.

Before we jump into six ways you can make $100,000 or more online, I need to tell you, how much you make is fully dependent on you and how much work and time you’re willing to put in.

If you are only willing to put in a few hours of effort, you won’t make a penny!

Each of these methods will take months if not a year or more to build a six figure income source, but it is possible. I know someone who is making at least $100,000 a year doing each of the following things and I will share each one as an example.

1. YouTube Channel

One of the coolest ways to make money is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education

Now, don’t be fooled by this seemingly easy way to make money. This takes a lot of effort. Jeremy started his YouTube channel over two years ago in January of 2016. Since then, he has posted over 850 videos!

Here is one of his earliest videos explaining what a checking account is.

In order to be successful on YouTube, you need to be extremely patient and see the bigger picture! You also need to improve your content and quality with time, otherwise people will lose interest in your videos.

Personally, I know about a dozen people who are making over $100,000 a year with a YouTube channel. While it is difficult, it is not impossible!

2. Personal Coaching/Consulting

Coaching and consulting is a huge business opportunity. Often times, people need a second opinion to break past a certain barrier in their personal or professional life.

Take my friend Jake Woodard for example. He spent years learning about personal development and working on himself mentally, physically and spiritually. Now, he has a six figure coaching business online. He helps people through one on one coaching and speaks at events all over the world.

Jake Woodard 2.jpg
Jake Woodard, Life Coach

Once you have established credibility in your field, take on a few clients pro bono. This means that you will be doing it for free, in exchange for a testimonial of course! Once you have real results and proof of your work, you can take on paid clients.

Jake Woodard spends a lot of time building out his social media presence, and you will need to do this too! Most of his clients find out about him from one of his powerful videos being shared around on Facebook.

3. Affiliate Marketing

Affiliate marketing is a very simple business. You simply refer a sale to someone and earn a commission in the process!

The idea here is you market someone else’s product for them and earn a commission on each sale you are able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Every time someone clicks on the product and buys it, you get paid a commission.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

So, just how much money can you make with affiliate marketing? Let’s take ODi Productions for example. He makes over $100,000 a month with affiliate marketing! He dropped out of his dream school UCLA with a 3.5 GPA in order to pursue entrepreneurship full time and create an online business.

Now, he owns his dream car and lives in his dream apartment thanks to affiliate marketing. He states that it took him a little over two years to build out his business.

Here is a video where he explains more.

Click here for our beginner’s guide on affiliate marketing.

4. Social Media Marketing

Investing Simple is affiliated with Online CEOs by Josue Pena.

Use what you do every day to your advantage. There are so many businesses getting left behind because they don’t know how to use social media. If you are able to help businesses with their social media and get them more customers, they will pay you massive sums of money.

Take Josue Pena for example, he has a social media marketing agency that does close to $100,000 per month in revenue. It took Josue months to learn the ins and outs of social media, but now clients all over the world pay him for his expertise.

Here is a video that talks about his social media marketing agency.

Click here for a free Instagram training guide by Josue Pena!

Become an expert on Instagram and other social media platforms, then go look around where you live for local businesses you think could use some help. Take over their social media, and get them more customers while earning a monthly retainer in return.

Once you become too busy, hire an employee or outsource the work to someone overseas! This business is very easy to scale.

5. Blogging

Blogging can be a fun creative outlet that can turn into a side hustle though affiliate marketing and selling ad space. One example of this is Good Financial Cents. Jeff Rose started this blog over 10 years ago, but in one month alone he made over $100,000!

Check out this video Jeff Rose did talking about that.

You can start a blog for next to nothing. In fact, some sites will allow you to start a blog for free! Take the Investing Simple blog for example. We pay about $50 a year for hosting and a domain name. The main investment here is your time!

If you want to learn more about starting a blog, here is a guide I recommend that talks about how to get your blog started with under $100 and in 24 hours!

6. Selling An Online Course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest. There are countless examples of people who are making $100,000 or more with an online course.

Take Tai Lopez for example. In this video, Tanner J. Fox estimates that he does close to $90,000,000 a year in revenue from his online courses and coaching!

Thanks to the internet, there are now hundreds of ways to make money online. In my opinion, these are the most profitable ways of making money online today. The number one thing you have to remember is that this is going to require a lot of time and patience. Nobody on this list became an overnight six figure earner. Stick to one idea and commit to your success as an online entrepreneur!

10 Ways To Make Money While You Sleep

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

Let’s face it, most earnings still come from a traditional 9 to 5 job where you clock in 40 or more hours a week. For most people, this is the only way that they are making money!

But start thinking creatively beyond the paycheck, and you will realize there are dozens, even hundreds of ways to earn passive income that gives you round the clock earnings, even while you sleep.

Time is our most valuable asset and passive income gives you the opportunity to have more time to focus on what’s important to you such as building a business, launching a website, creating art, or writing a how-to book.

Passive income is earnings on a reoccurring basis that require minimal to no work to maintain. If you strategically invest the start up time, you’ll see results far beyond your initial time commitment.

Let’s take a look at 10 ways you can make passive income and earn money while you sleep.

1. Create a mobile app

Fantastic new apps appear every day, and with lots of hype, many go viral and earn their creators a lot of money, sometimes millions.

Phone.jpg
Phone showing apps, Flickr

If you have a great idea for an app you can use sites like Appy Pie that will make your app for you so you don’t need coding experience to take your app to market.

Joel Comm made over $1 million from his iFart app. 

Or, partner up with a friend who knows how to develop an app. You can focus on what you want the app to do and your friend can develop and design it! Once your app is complete, you can make money 24/7 selling it on an app store.

2. Be your own bank

In the same manner a bank or credit union gives out loans, peer to peer lending allows you to help others with personal and business loans, college tuition loans, car loans, or just about anything else under the sun.

P2P Lending.jpg
P2P Lending, Flickr

These lending clubs pair people willing and able to lend up to around $40,000 to others needing a loan. There’s a percentage of interest, of course, allowing you to make a profit. As a bonus, you will know you’re helping others finance something important in their lives.

There are multiple sites like this one that match you with someone who needs to borrow money.

3. Investing in the stock market

It may seem dicey or risky, but if you put in the time to learn about the ins-and-outs of playing the stock market, you can take small steps to start based on a long-term plan.
There are tons of sites for tutorials aimed at newcomers to the stock market, teaching you the lingo, how to assess your risk tolerance, and even giving stock tips.

Check out our beginner’s guide on investing in the stock market here!

4. Create your own online course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5.PNG
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

TIP: Ask people who’ve completed the course to write a testimonial praising it, and publish their words.

5. Buy a vending machine

Every time you put in money or swipe your card for a Coke or a Kit Kat Bar or bag of chips, someone somewhere is gaining a profit from your purchase.

Jump on that band wagon by investing in a quality vending machine, which will range from $3,000 to $4,000 a piece, then find a prime location to set up.

Vending Machine.jpg
Vending Machine, Pixnio

Negotiate with the property owner, say a laundromat, and offer a slice of the profit pie in return for the optimal site.

This can easily be a single employee business (you) when you take care of restocking and checking the machine. Reinvest your profits into another machine, and repeat the process over and over until you have a small business!

6. Get started with affiliate marketing

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

7. Create videos on YouTube

Back in the day, kids used to dream of growing up and being on television, but in today’s world, there a way for anyone to be seen and heard.

Find a unique, entertaining or hilarious subject and launch a YouTube channel of your own. Market yourself to friends and start building an audience. You’ll need to start small at first, but keep plugging and creating new content as often as possible.

Soon, you’ll generate enough views to start earning money from ad revenues. Top YouTube creators rack in millions of dollars from their viral views.

8. Write your own ebook and sell it 

Learned a lot about home improvement? Discovered secrets to small space gardening? Restored an old sailboat recently? Put your knowledge onto the page by penning your own non fiction book and hook up with Amazon for sales.

Then, invite everyone you know, from family to Facebook friends, to order a copy of your new publication, and earn both accolades and extra income. It could be fiction or non fiction but the sweet spot here is usually 50 to 60 pages of well written content.

9. Investing in a crowd funded real estate projects

So, you’ve always wanted to invest in real estate but haven’t been able to pull together the funds for a decent two family home? There’s a new way to add real estate to your investment portfolio that pools money towards a specific project, allowing you to decide how much to put towards it.

DIV
Fundrise Dividend Yield

Sites like Fundrise offer projects for you to review as well as low fees to start. The expected annual returns are in the arena of 8 to 11 percent, which is a nice return! Experts help you determine where to invest your money in the real estate projects based on your long term goals, and keep you updated on how your project is progressing.

Click here to get started with Fundrise. 

10. Buy and sell domain names

Domain names are unique identifiers for websites, and some are highly sought after. You can easily brainstorm domain names that could be the next big thing, then buy them up early for as little as a few bucks. Be specific by identifying potential markets ahead of time with a bit of time invested in research. Once you have identified what may draw interest in a particular field or sector, buy the domains they offer them for sale with a mark-up so you make a profit.

There are countless ways to make money in a passive way. Your goal should be to stop working for every dollar you earn and to make money while you sleep! What is your favorite way to make passive income? Drop us a comment below.

“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett