If you are looking for passive income ideas that can make $1000 per month then you have come to the right post. I am going to list 8 passive income ideas that you can start right now to earn passive income online.
Passive income is awesome. You can make money while you are asleep! So do you want to know 8 of the best passive income ideas? If yes then, Let’s get started.
1. TikTok
So as there is a lot of hype going around tiktok why not make some money off of it.
Well you can’t make money off of tik tok, like tik tok doesn't pay to use their platform. But if you have a quality fan base then you can make decent money off of it.
There are a lot of ways to make money on tik tok. You can sell shoutouts, promote and sell your own products, or you can create a website or a youtube channel and then promote it and make money through ads.
If you have 100k or more followers on tik tok then you should reach out to brands to send your promotion packages or sponsor you, and brands tend to pay you more than a regular person. Plus you can get free stuff to try out.
So tik tok is a really great platform to make money, you just need a true fan base and getting to 100k followers isn’t that difficult because if you are posting good content that people will find you automatically.
2. Dropshipping
I know many people want to start their own business and make money.
Dropshipping is a great way to start an online business. It's passive income, you don't have to worry about anything and also you don't want inventory for it.
How does dropshipping work?
1. You need to set up an online store that you can create for free on shopify.
2. You need to run ads or you can promote your store anywhere to drive traffic and make sales.
3. You need to pick the right product that will solve people’s problems and is profitable.
You will go on site like ali baba or ali express and find a product that you think is the best. Then you will list it on to your store for a higher price. Get people to your store, make sales and with this you can make a ton of money.
You don’t need to have any inventory for this because the supplier will directly send the products to the buyers. You are working as a middle man here, as you are driving traffic to your store setting profit margins.
See if you buy a product for $75 on ali baba you can sell it for $100 on your store and your profit will be $25 which is great. The more profitable your product is the more money you can make with it.
It’s a much better way to earn passive income without even caring about anything.
3. Affiliate Marketing On Quora & Medium
Quora and Medium are two great platforms, they pay you to use their platform.
Quora pays you to ask questions, The more valuable questions you ask the more money you will make.
Medium on the other hand pays you to write unique articles. If you are writing a unique article that people love to read, people will buy your membership to read your articles and here’s how you will make passive income from Medium.
This is a type of side hustle you can do to make passive income.
4. App Development
If you are an app developer or you know how to code and make applications/games then this one's for you.
If you have an amazing idea that you think people will love then you can build an app around it, or if you have an amazing idea of a game that people will love to play then you can develop a game or you can pay someone to develop a game for you.
1. Create Your App (user/mobile friendly, smooth and responsive)
2. Get it on to the Google Play Store or Apple’s App Store.
3. Use In-App purchases and ad mob to display ads on your app and make money.
4. Get enough downloads that will generate you passive income.
I know this will take much time and effort but it’s worth it because the game Flappy Bird was made in two to three days and it made $50,000 dollars per day.
So if you have an amazing idea that people will love and get entertained from then there is no one stopping you to make money from this method.
5. Sell E-Books
If you are a writer or you love to write books then you can definitely sell ebooks online.
People find ebooks a great way to learn stuff because the can purchase it once and it will never get lost and it will never get dirty like hard books.
As this is the digital day and age you can definitely make money selling ebooks. If you have knowledge about something then you can create a ebook from which people can learn, like for example some one wants to learn “Affiliate Marketing” and you have the knowledge about affiliate marketing then you can create an ebook and sell it to people who want to learn affiliate marketing.
You can sell you ebook on these platforms:-
1. Amazon Kindle
2. E-junkie
3. Scribd
4. Payhip
5. Gumroad
You can definitely make money selling ebooks if you can provide people what they want. And in order to be successful you need to find out that need of people.
Conclusion
So here are the best ways to make passive income online. If you want me to write more content on passive income then do let me know.
I would recommend you to pick one thing to do if it works for you then good, but if it doesn't then you can move on to the next thing as there are many options for you to select.
And if you want more tips and tricks to make money online then be sure to follow me on Instagram and Pinterest.
I hope you will be successful and good luck from me.
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