Could you make money online? Yes, you can generate online passive Income.
You’ve likely heard the saying “time is money.” Well, it’s true! The more time you have to focus on creating passive income streams, the more money you can potentially make.
At present, there are many best ways to make online passive income. Such as blogging, gaming, YouTube, etc.
In this post, we will talk about the top 10 Best Online Passive Income Ideas you can start right away to make a handsome amount of money.
All you need is dedication, consistency, determination, and skills to meet your goals.
Let’s get started.
Top 10 Best Online Passive Income Ideas
1. Make Money with Blogging
Blogging can be an amazing source to make online passive income. You can do this on different topics just by sitting at your home.
To be a successful blogger, you have to possess writing skills as well as unique and engaging content skills.
You also need to consider some other aspects like niche topics, target audience, and strategies to be listed on top searches on Search engines (Google, Bing, and Yahoo).
Learn more about blogging how to create a blog and Make money online
2. Selling Stock Photos
Stock Photography means photos that are already created. Many people use stock photos for their visual content.
Platforms like Shutterstock, Gettyimages, and Envato Market gladly sell high-quality images from their website members.
To make money online with your stock photos you have to register and open an account with the Stock photography agencies.
Photographers and Stock websites get some money whenever a visitor downloads a stock photo.
3. Affiliate Marketing
Affiliate marketing is an exceptional source of making online passive income. You can make money by joining affiliate marketing programs.
Affiliate marketing helps you to earn a commission by recommending a company’s or person’s products and services. First thing is, that you need to join an affiliate Network to make money.
When you join a program the brand or affiliate network will provide you with a unique link that can be included in your blog post, website, social media content, or YouTube channel.
When a person will purchase through your given link, you will get a small amount of commission. Amazon is the best platform for affiliate marketing.
4. Dropshipping
It is an Online e-commerce business that allows you to sell products without worrying about stocking products, packing up orders, and shipping them. This is all done by Dropshipping Companies.
When a product is sold, Dropshipping store purchases the product from a third party and shipped directly to the customer. All goods are managed by suppliers. You can start Dropshipping with the following platforms;
5. Earn with YouTube Channel
You can make a lot of money with your YouTube Channel by joining YouTube Partner Program. And your channel can be a great source of your online passive income.
Creating a YouTube channel is super easy. If you think just creating a channel and uploading videos can make you rich, this is not the case.
You have to meet the monetization criteria that is, 1K subscribers and 4K public watch time. So, it is necessary to continue publishing content to come out on top.
6. Play Games and Make Money
The gaming industry is booming these days. If you love to play video games, then you can make Online Passive Income by just playing games. It can help you to increase your consistent earnings.
With video platforms such as YouTube and Twitch, you can stream live games to your audiences and make money from Instream-ads, affiliate marketing, and sponsored content.
The amount of money you can make playing video games will crucially differ depending on the types of games you play, the content you generate, the platforms you use, and the time you spend.
7. Flipping Domains
Domain Flipping is a great source of online passive income.
Flipping a domain means buying a domain name at very cheap rates, holding them for some time, and selling the domain later to an interested party at a much higher price.
It can be a very successful and profitable business. Flippa, Godaddy, afternic, and sedo are the best platforms for Flipping a domain
For Domain Flipping you need to;
- Search for a domain name that is worth buying.
- Register domain name
- Search for a client who is willing to pay you more than you have paid.
- Sell your domain and transfer ownership to your client
8. eBooks
Producing an eBook is easy, cheap, and often, free. These are digital products that can be delivered or downloaded online. You can write them yourself or hire a copywriter.
Follow these tips before you go for creating an eBook:
- Select an interesting and popular topic for your eBook.
- design your cover, and write unique and original content.
- Sell the eBook on your website or Facebook page.
- Choose the best platform to publish your eBook
- Marketing your eBook through social media channels like Facebook, Twitter, Instagram, and YouTube.
You can sell your eBooks on Amazon Kindle Direct Publishing, FlipHTML5, Blurb, and Payhip.
9. Sponsored Content on Social Media
Sponsored content on social media is a great way to generate passive income. You can create sponsored posts on platforms like Instagram, Facebook, and Twitter.
Companies will pay you to promote their products or services on your social media account. This is a great way to generate income without having to do any additional work.
10. Create no-code apps
No-code apps can be created without any coding knowledge. These are a great way to generate online passive income because they can be sold or rented out to other businesses.
They can also be used to provide services, such as booking appointments or ordering food. No-code apps are easy to create and manage.
Several platforms allow you to create no-code apps, such as:
- Bubble.io
- Appy Pie
- AppSheet
- Kintone
- Twilio SendGrid
- Twilio Quick Deploy
- Salesforce
Conclusion
I hope this article has given you some ideas on how to start generating online passive income. Keep in mind that it takes time and effort to build up a passive income stream, but it is worth it in the end.
With a little bit of planning and perseverance, you can soon be on your way to financial freedom.