REAL PASSIVE INCOME UK IDEAS TO CREATE SET UP AND FORGET STREAMS OF REGULAR, PREDICTABLE AND RELIABLE INCOME.
I wrote this passive residual income ideas blog, based in the UK; to share my financial journey. I wanted to show how I got out of debt and successfully added passive residual income streams to my financial life. I look at which passive income ideas have worked for me and which haven’t. Some are UK specific, but most can work anywhere in the world.
Perhaps you can relate to this situation. Do you already have a job, but still feel like you are under financial pressure? Do you find you are very time poor, because you are working 40 + hours a week just to make ends meet? You know you need to earn more, but don’t have time to put in any more hours, and don’t want to waste time on businesses that do not work.
I’ll show you great passive income UK, US & worldwide side hustle ideas you can start immediately and income stream earners you can set up quickly to start earning fast.
Passive Income Ideas That Actually Work
Many part time business ideas don’t actually work or just don’t produce a profit at all. In many you may as well just get an extra minimum wage job. Paid surveys online are fun, but they are not passive, not sustainable and earn tiny amounts of cash. Some businesses just consume time and money and you end up just labouring extra hard being employed by yourself. So the question is…
What Is Passive Income?
People often have the wrong idea about passive income. Passive income is not sitting on a beach somewhere, while you push a button which makes free money flow into your bank account, with no effort at all.
Real passive income is also NOT doing an extra side job or working all hours God sends in your already time poor life! So what is passive income then?
True passive income is where you do the work once to create a business, you set it up and earn an ongoing revenue stream from it. Real passive income is where you take a great product or service, add systems, processes, automation or people resources, and scale it up to automatically earn an income for you. In this way the business idea functions completely on autopilot. So you are adding value and working, it’s just that your efforts are automated and scaled in a major way. It’s a smarter, “passive” way of earning an income.
To achieve real financial independence and financial freedom, you have to stop trading your time for money and learn to harness your vision and creativity to set up multiple streams of income that actually work. Whether you are in the UK, US, South Africa or worldwide, this takes a bit of effort in the beginning, but in time these earnings will dwarf the income from your day job.
Now there 2 ways to do this:
- Passive income investments that generate a regular income.
- Passive income ideas that convert into real cash flowing businesses.
Hopefully, you’re reading this article because you’re hungry for opportunity and are beginning to ask, “How can I make more money without spending more time working?!” This is great; the truth is there are powerful ways to earn passive income that provide 24/7 earnings 365 days a year.
Now we know what real passive income is. So when building passive income streams…what really works? Creating passive income for yourself, starts by exploring the best ideas out there today. Here’s a list of the best passive income business ideas to get your creative juices flowing.
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Passive Income Investments
Passive Income Investments are a great way to build up income streams, completely separately to your salaried or earned income. Some of these have worked for me in a big way. I love that these are a powerful set and forget way to make passive income, while you get on with your day job and enjoying the good things of life. I’ve included UK, US and where possible international passive investment options.
Passive Income Investments
- Make Residual Income from Peer to Peer Lending – Be Your Own Bank
- Make Passive Income Streams from High Dividend Stocks & Funds
- Make Predictable Cash flow from High Yield Savings Accounts and Money Market Funds
- Passive Rental income from Rental Properties
- Create Residual Income from Crowdfunded Real Estate Investment Platforms
- Passive Investment in Real Estate – Invest In A REIT
- Invest In Funds, ETFs and Investment Trusts for Reliable Passive Income Streams
- Make Money Automatically With AutoSaving
- Invest Automatically In the Stock Market through Roboinvesting for Regular Passive Income
- Make Passive Residual Income with Index Funds
- Invest In Start Up Businesses for Passive Cash Flow
Make Passive Income with No Investment & Immediate Start
- Make Passive Income Online – Create Your Own Specialist Niche Website
- Create Passive Income from YouTube Video for Free
- Make Money Online From Home by Creating a Blog Reviewing Affiliate Products
- Create Passive Income by Renting Out Your Driveway, Parking Bay or Garage
- Generate Passive Income Automatically – Get Paid For Shopping Online Or Instore
- Make Passive Income By White-Labelling Someone Else’s Product Or Services
- Apps That Pay You – Passive Income Apps
- Earn Passive Income – Renting Out Your Space And Stuff
- Invest In A Physical Business Or Buy One Online
- Make Multiple Streams Of Income From Selling Your eBook Online
- Earn Residual Income By Advertising On Your Car With Wraparound Ads
- Making Money Online By Creating A Course on Udemy or Skillshare
- Make Money with Multilevel Marketing/Network Marketing
- Create A Lead Capture Website For Real World Businesses
- Generate Income Streams from an App You Create
- Affiliate Marketing – Make Money Online From Other People’s Products
- Design Merchandise and Sell It Passively Online
- Generate Passive Income by Renting Out Property on Airbnb
- Make Money Writing and Semi Automate Production
- Make a Passive Income Renting Out Your Car
- Are Vending Machines A Good Passive Investment?
- Systematize, Automate and Outsource Any Active Business or Side Gig
- Create Passive Income Streams from Storage Unit Rentals
- Buy and Sell Domain Names For a Regular Income
- Make Easy Passive Income – Rent Out Your Unwanted Stuff
- Build A Niche Website Selling Real Products And Link It Up With Amazon Associates
- Make Multiple Streams of Income With a Billboard
- Buy an Existing Online Business for Regular Income
- Self-Publish a Book for Income Flows
- Passive Income Opportunities Teaching English Online
- Create a Review Website with Affiliate Links Which Earn Residual Commissions
- Make Passive Income with a Shopify Store with Obero link to Alibaba Express Drop Shipping
Passive Income Investments
Passive income investments require you to invest money up front to generate the income later. You don’t need a lot of money, and can start with as little as £10($12) with some of these ideas.
1. Make Residual Income from Peer to Peer Lending – Be Your Own Bank
Peer to peer lending has been one of my most successful passive income strategies, and is generating me a decent residual income in the UK every month.
With a normal bank, you invest your money and your bank pays you a tiny rate of interest. Then they lend out your money to borrowers at a much higher interest rate and keep the difference. On the positive side, your capital is normally protected in many countries.
With peer to peer lending, you invest via an online platform and effectively become the bank. The benefits to you with this kind of passive income investment, is a much higher return on your investment. However, that does mean that you may have to bear a higher risk than you would with a normal local bank.
Peer to peer lenders are a great way to make residual income and have ways of reducing your risk. For instance, by dividing up the amounts you can lend to one borrower, you reduce your risk. UK’s Zopa will lend a maximum of £10 to each borrower of the amount that you invest.
In the UK, I would recommend Ratesetter Peer to Peer to make residual income, as it has an exceptional track record, and offers a Provision Fund to protect investors. This is a safety net of cash that the P2P lender puts aside to cover borrowers who default. Ratesetter then takes legal action against defaulting borrowers themselves. No individual investor has ever lost money with them. They offer monthly rollover, 1 year and 5 year investment periods.
In my experience they are one of the best ways to make passive income, and have been dependable, professional and offer great rates. The also offer excellent customer service and take risk management seriously when compared to other P2P lenders.
In 2017 they showed integrity towards their investors, when they suffered losses greater than their provision fund. They didn’t push this loss onto investors, but made up the shortfall themselves. This shows me that they are very serious about their reputation and chose to take the profit hit, rather than damage it.
ZOPA is also an excellent peer to peer lender to make residual income with. I’ve been investing cash with them for many years and haven’t lost any money yet. ZOPA reduces your lending risk by splitting your investments into £10 blocks to each borrower. Find out more here.
For US Investors – Prosper Peer to Peer Lender allows investors to earn solid returns by investing in personal loans to credit-worthy borrowers listed by FICO score, rating and term.
You can select individual loans yourself, or use their Auto Invest tool to build your target portfolio based on your own criteria. Your monthly returns income streams are deposited directly into your account. There is a $25 minimum investment per loan, making it easier to build a diverse passive income investment portfolio.
For US Investors – Another one of the most popular peer to peer lending platforms is LendingClub.
LendingClub offers investors access to consumer credit asset classes which, until recently, had only been available to large institutional investors. Earnings with Lending Club range from 4-6% on average – and that’s all passive income. You simply lend your money, and you get paid back principal and interest on that loan over the period of the loan. A pretty solid passive income investment return.
2. Make Passive Income Streams from High Dividend Stocks & Funds
Building up a share portfolio of high dividend yielding stocks is a great way to generate solid passive income streams. You can spend a lot of time trying to find the right stocks to put in your portfolio; monitoring and trading them, or you can just buy and hold them and seldom sell. That’s pretty much the strategy I follow. I try to buy when the market is down and if it goes down more, I buy more.
I generally hold them through the ups and downs and I reinvest the dividends. As it’s the income I focus on, the increase in price over time is nice, but of secondary importance.
Alternatively, simply investing in high dividend stocks via a high dividend stocks fund or ETF, also works very well. Especially if you don’t want to be actively trading your holdings.
In the UK, I’ve had a fantastic experience with Hargreaves Lansdown “Investment Supermarket”. They are the biggest brokerage in the UK and have an excellent track record. The service and research is incredible and very user friendly and the website is all you could ever need to plan your investment strategy for building passive income streams.
Hargreaves Lansdown has a very wide range of investments which includes more than 2,500 funds, UK, US, Canadian and European shares, ETFs, investment trusts, bonds and gilts.
In the USA – M1 Finance Brokerage is a broker that combines solid investing principles with powerful digital technology to simplify the investing process, so you can build wealth easily and simply.
It’s easy to choose your investments and create an automated portfolio, from the range of stocks and funds available. Alternatively, you can choose from more than 80 expertly built portfolios. M1 Finance is an excellent investing platform and the best part is that they offer a full service platform where you can save, borrow, and invest your money; all for free.
Another create plus is that you own any security, regardless of share price, with fractional shares. This makes it easier to invest in the shares you want, without having to stump up the full shares price of say Google at over $1,000 per share. Fractional share ownership with M1 Finance, make diversification easy and ensures you’re always fully invested. You can also set a schedule to automate your investing on a monthly basis. The portfolio can be structured to pay you a decent passive income stream from the investment earnings.
Automatically investing on a monthly basis is very effective and disciplined way to build up a large portfolio holding of high dividend paying securities. This portfolio will then start generating dividend flows, so it’s a solid passive income generating idea. These days most brokerages the facility to invest small amounts monthly. In fact, with Hargreaves Lansdown; you will pay lower trading charges when you do invest monthly via this method.
If you invest in high dividend stocks over time, you can build up a solid passive income streams that don’t need a lot of time or administration and the dividend flows get paid each quarter.
Don’t worry if you like the idea of choosing your own funds, but don’t know where to start. Most investment supermarkets/online brokers have a tool on their website to help you select your own funds, based on your own investment objectives.
3. Make Predictable Cash flow from High Yield Savings Accounts And Money Market Funds
It’s quite shocking how many people only have a current or cheque account, and do not have a separate savings account. This is vital for being able to save money for different purposes. Want to know how to earn high interest on savings? These are the best short term investments if you don’t want to think much about your money, but just need to park it. If you want it to work for you, a basic place to put it is in a high yield savings account or money market fund.
Although many advise to only invest in cash temporarily(as it usually doesn’t outperform inflation), it is possible to make residual income from a decent bank savings account, and it’s a sound investment strategy to aim to build up 3 – 6 months’ worth of personal expenses cover.
For me; a key part of getting my finances into shape and achieving financial independence, was by having a great current account and a number of separate high interest savings accounts which use to separate out the cash I’m saving for specific things.
The best places to look for high interest paying savings accounts are your country’s online price comparison sites.
If you’re in the US, M1 Finance Brokerage provides some savings accounts with solid returns and M1 gives you 1% cash back on all purchases.
4. Passive Rental Income from Rental Properties
Property investment can prove to be one of the most rewarding of all the passive residual income investments. Not only do you get a great monthly income flow from the rents, but over time you also get capital growth from the increase in value of your properties.
I didn’t even know what passive rental income was when I got involved in real estate. I got into real estate investment completely by accident. A friend asked me to move into his property, be the live-in landlord and manage the property and tenants.
It wasn’t something I really wanted to do, but he said I could live rent free in one of the rooms, provided I bought in a specific monthly rent for him. Truly this turned out to be one of the best ways to make passive income I’d experienced. I did this for 4 and a half years and learnt a huge amount about fixing things, repairing/unblocking drain pipes, managing tenants, the legal process and so on. This made me realise it was something I could do for myself and I went on to buy my own real estate investments.
Now I would encourage anyone starting out in real estate investment to buy a house with as many rooms as you can afford, in a decent, easy to rent out area. Maybe not the most expensive area though, and live in it with house mates. That is probably one of the easiest ways of getting started in real estate and generating passive income from rentals.
There are many ways you can make money from real estate. Serviced Accommodation or holiday lets like Airbnb can be another great way to make money from property. We talk about this later on.
With a bit of experience you could also consider looking at BMV (Below Market Value), multi-let and furnished corporate lets to broaden your investment scope.
A cash flowing rental property is a fantastic way to bring in a monthly income. To make this truly passive, you can outsource the running of the properties to a management company. If you want to learn more about real estate investment, see our recommended property investment books here.
5. Create Residual income from Crowdfunded Real Estate Investment Platforms
While building residual income from rental property is a solid investment strategy, perhaps managing your tenants directly your self is not what you want to do with your time. Maybe you don’t want the hassle of being called at 2am in the morning to fix broken toilet seats (true story!).
It is worth considering property investment platforms, if you are looking for totally automatic passive Investments which you can manage from your own laptop or smartphone.
Crowdfunded real estate allows you to avoid all the hassle of managing rental agents and dealing with tenant issues; providing a “hands free” property investment. Property portals/Equity Crowdfunding websites like allow you to own a part share in numerous properties. UK’s Property Partner enables you to invest in high-yielding passive income assets to earn primarily through monthly dividends or focussed on achieving capital growth.
Crowdproperty UK has a good reputation in this space. They are Property Specialists that fund professional property projects. Returns of up to 8% are offered and these can be tax free if held within the CrowdProperty Innovative Finance ISA. Your investment is secured by a first charge against the borrower’s property.
In the US – Our favourite platform is FundRise. You can invest your money, according to your goals, in a portfolio filled with dozens of real estate projects. Each project is carefully handpicked and proactively developed with the goal of growing your net worth.
6. Passive Investment in Real Estate – Invest In A REIT
Real Estate Investment Trusts (REITs) are a great way to diversify an investment portfolio away from just normal shares, stocks and investments in property. You can buy and hold them just like shares, and enjoy both the increase in capital growth and passive income cash flow. This comes from the regular dividends payments from the underlying property rentals.
REITs are a type of fund that you can invest in and trade, via your stock broker on the stock exchange. They are much more liquid than direct real estate investments, so you can buy or sell them quickly when you need to.
One of the great advantages of Investing in REITs, is that they allow you to invest a small amount in a number of different types of property, rather having all your capital invested in just one property, in one location.
In the UK you can buy REITs through your online stock broker, or Hargreaves Lansdown, my recommended Broker/Investment Supermarket.
For US Investors looking to invest in REITS, our preferred platform is FundRise.
FundRise have a low minimum to start investing. You can invest your money, according to your own goals, in a portfolio filled with dozens of different real estate project. Each one has been carefully selected to provide investors a decent return on their investment.
FundRise can be an excellent passive income investment with predicable and regular rental income payments for investors.
7. Invest in Funds, ETFs and Investment Trusts for Reliable Passive Income Streams
If you want to build up a solid stock portfolio to provide income, the best way to do that is via automatic regular investments. This is the disciplined strategy of setting up small monthly investments, which you drip feed into the stock market over time and can build up very reliable passive income streams. In my years working with investment clients, I cannot tell you how many successful investors’ accounts I have seen, who just followed this straight forward discipline.
Many online brokers offer the monthly investment service. If you don’t feel like choosing your own individual securities, then I would recommend just to invest in a decent index fund or ETF. Anyway, most online brokers offer a tool or service to help you select funds based on your risk profile and what you’re trying to achieve with your investment.
Vanguard is a globally renowned investment management company which has more than $5.1 trillion under management. Vanguard is also the leading provider of mutual funds and second largest provider of ETFs in the world.
Vanguard funds provide one of the cheapest ways to build a bespoke portfolio of passive tracker funds to generate income.
They offer low cost, low effort investing to the average person, their low fees will definitely help to boost your investment returns. Vanguard funds average expense ratio is 0.19% compared to the industry average of 1.08%. I invest with Vanguard and I can thoroughly recommend their funds.
8. Make Money Automatically With Cash AutoSaving
Perhaps you’re really struggling to save and just can’t get into the discipline of it. If you regularly don’t seem to have any money left at the end of the month, an auto saving app might be for you.
They work by rounding up any card transaction you might do, to nearest pound or dollar and then saving and investing the rest.
For the US, M1 Finance Brokerage allows you to save automatically with their savings app that you connect to your current account. It uses an algorithm to work out how much you can afford to save, moving it automatically into a savings account. You can also choose to manually move money into it up to six times a month. Interest accrues weekly, is paid quarterly, and you can withdraw money whenever you want.
Acorns is a hybrid investing and savings app that rounds up every purchase to the nearest dollar and invests the difference.
It will ask you questions about your income, net worth and risk tolerance to determine what kind of investments to choose for you. For those interested in investing but afraid or unaware of how to start, Acorns is a good first step. Like other investment programs, Acorns charges a $1 monthly fee if your balance is less than $5,000 or a .25% annual fee if your balance is more than $5,000.
In the UK, Hargreaves Lansdown allows investors to access the best cash savings rates consistently. With their Active Savings account you can pick and mix savings products from a range of UK banks and building societies with the best rates available.
9. Invest Automatically In the Stock Market through Roboinvesting for Regular Passive Income
If you’re not interested in picking dividend paying stocks individually, there are still ways to invest passively in the stock market for regular income.
You can invest a set amount monthly and automatically invest through what’s called a robo-advisor.
A robo-advisor is just like what it sounds like; a robotic financial advisor. The robo-advisor will ask you some questions and then design an investment portfolio for you, without you having to do anything else. The portfolio will then pay you out regular income from your dividend stream, as you earn them.
Moneyfarm is an online investment robo-advisor and one of the largest digital wealth management companies in Europe.
Moneyfarm is a low-cost, hassle free wealth management service, is easy to use and the robot will quickly tailor an investment strategy to match your investment goals and risk tolerance.
With Moneyfarm you get a free portfolio review and a dedicated investment consultant.
Start Your Portfolio with Moneyfarm (Button). Receive a £100 bonus when you sign up for a Moneyfarm pension.
In the US; the most popular robo-advisor is Betterment. With Betterment the robot works to automatically setup your investment portfolio.
Betterment charge one of the lowest fees in the robo-advisor industry, and they make it really easy to invest automatically.
Betterment is also currently doing a promotion where you can get up to 1 year free of costs.
Sign up for Betterment here and start generating your passive income streams!
10. Make Passive Residual Income with Index Funds
One are the keys to successful stock market investing is to make monthly or regular investments automatically. Automating your finances is one of the key factors for success. Being disciplined and consistent with your investments will take the pressure and emotion out of it completely.
Monthly investing via direct debit has been one of the most successful habits that I have developed. It’s really work for me and I’ve managed to save a large sums of money in this way.
Does Dollar Cost Averaging Work?
Dollar cost averaging, is often frowned upon and ridiculed by some commentators, however it is one of the most successful ways to invest simply because it’s a disciplined and un- emotional way of investing.
Dollar cost averaging works like this. You invest a fixed amount every single month, whether the stock market is up or down. Say for instance $100 a month. When the stock market is down you will end up buying more units or more shares for your dollar. When the stock market is up to you by fewer units or shares for your dollar. So on average you will end up buying cheaper shares or units, than expensive shares or units.
The key here with dollar cost averaging is to keep investing especially through the down market, because that is when you will end up buying large amounts of cheap shares or funds units. Dollar cost averaging doesn’t work only because people tend to sabotage it. As they tend to only start investing when the stock market it high (out of FOMO) and then they stop investing when the stock market is down (out of fear of loss). The best investors do the exact opposite.
I would definitely recommend setting up a monthly investment and just keep investing passively especially when the market is down. Don’t stop investing when the market is low because that’s when you want to be buying more. That way your long-term your profits will be much higher. Most online brokers will offer a personalised tool to help you choose funds that match your investment objectives and easily start a regular investment.
In the UK Hargreaves Lansdown has a big selection of funds, is very user friendly, provides incredible service and information, for very reasonable charges.
In the US; Betterment and M1 Finance also provide a similar quality of service and flexibility to build a funds portfolio.
11. Invest in Start-up Businesses for Passive Cash Flow
Another great way to invest, is to invest in start-up businesses through equity crowdfunding. You can invest in exciting start-up companies, just like the professional private equity “big dogs” through online platforms like Seedrs and Crowdcube in the UK. In the US the top crowdfunding platform is Indiegogo
The great thing about these opportunities, is that you can invest as little as £10 or $10. So it’s possible to create a diversified portfolio of exciting start-ups for a relatively small amount.
It’s important to know that while these start-ups might be very interesting and exciting, there is a fairly high failure rate and you may not get back what you invest. Although you only have to have one or two successful crowdfunding investments, to make many more times your initial investment. Revolut bank, for instance, has returned 19X its investors’ capital.
I invest in both Seedrs and Crowdcube. Seedrs is one of the world’s largest equity crowdfunding platforms and has funded companies like Tossed, Revolut and Perkbox. Some companies also begin paying dividends, which can grow to create a solid passive income.
Get Your Free £25 Investment Credit
Investors will receive £25 free investment credit after successfully investing £150 or more within 30 days of signing up to Seedrs
With Other Crowdfunding Platforms you do not receive equity, but rather loan the company money to finance their growth and receive a monthly interest payment in return.
Passive Income from Start Up Company Bonds
This is where you invest you money to fund start-up businesses, which can be very diverse. Anything from property developments to restaurants to online start-ups.
You can generate passive income cash flows from your investment, by investing with a company like Crowdproperty. Crowdproperty UK has a good reputation in this space. They are property specialists that fund property professionals’ projects. Returns can be tax free if held within the CrowdProperty Innovative Finance ISA. Returns up to 8% per year, your investment is secured by a first charge against the borrower’s property.
Remember that your capital is at risk and you don’t have the same protections as a bank account, but then the returns can be greater
In the US, Worthy Peer Capital allows you to invest in SEC registered bonds, the proceeds of which are used to finance growing US companies. You as the bond holder then get an interest payment of 5% annual return from holding the bond.
Check out Worthy here and get started from as little as $10.
Make Passive Income with No Investment & Immediate Start
Knowing how to create passive income with no money, is a very valuable skill. The next section of passive income ideas require a time investment. Instead of using money, you will need to develop your idea and put in “sweat equity” to make it happen.
Like most successful small business ideas, these passive income strategies take a bit of work and time to set up, but once they are set up they generally earn decent amounts of income and do so completely passively.
However, these all do require some ongoing tweaking, monitoring and admin from time to time, although obviously you can outsource these responsibilities. So they are not like an investment account that you can fund and forget. Starting a business with no money is challenging, but absolutely possible if you are determined.
12. Make Passive Income Online – Create Your Own Specialist Niche Website
This is one of the easiest and most fun ways to make passive residual income online. Take a specialist interest you have or a skill you know a lot about, and share the knowledge and expertise you have. Create a website to showcase that interest or passion and monetise it.
This can be anything from travelling, to cooking, pets or a particular political or world view. It’s one of the best ideas to make money, because you and your ideas are totally unique. Don’t worry if you’re not very technical, as you can outsource any of the tasks you don’t like or are not very good at to specialists at Fiverr
I’ve used Fiverr.com to build the website you are currently reading. A website done well is a business that will make money right away and you can run it from home.
Build Your Own Blog with these 5 Easy Steps
This is very straightforward and I work off these steps when starting out. Don’t use free hosting, always get your own Domain and Hosting. It gives you total control over your own content and internet real estate.
- Think of a workable concept
- Find hosting & a good domain name
- Create the site and customize it
- Fill it with good content that’s keyword optimized
- Promote with Guerrilla Tactics
So take your above ideas and start a personal blog or website to showcase your specialism. Don’t worry about failing, as the wonderful thing about starting passive income website, is that is that it’s incredibly cheap to do.
I recommend using Bluehost to get started. You get a free domain name and hosting starts at just $2.95 per month – a deal that you won’t find many other places online!
You can easily afford that to start building up a passive income stream online. Create the concept and ideas and get professionals on Fiverr and People By the Hour to write your content, build the site and all the technical stuff you may not be confident in. It really is a fantastic way to make money online using a business website.
13. Create Passive Income from YouTube Videos for Free
One of the best passive income side businesses ideas, is to create your own YouTube videos for free.
Create a residual passive income by making the AdSense ad revenue off your channel. However, you can also have multiple streams of income attached to each YouTube video. You do this by promoting affiliate links and amazon affiliate links concerning the products you mention in the video and also your own blog referrals.
You can even recommend your own products & merchandise and sell them directly from your YouTube channel. Remember YouTube is relatively new media, but already it is the world’s second most popular search engine, with much less competition that Google. Recently Google even started listing YouTube videos on their Google searches.
Imagine creating hundreds of your own YouTube videos; each sitting out in cyberspace, getting traffic and creating you a very healthy passive residual income, while you sit at home. YouTube really is one of the best ways to make money online, and it’s totally free.
My Top Tips for Creating the Best YouTube Videos!
Thumbnails – Create fresh, eye-catching thumbnails free on Canver.com. Or get someone on Fiverr to make them for you for a few dollars.
Script – Always have a script. Remember to always explain what the viewer will be getting out of the video, before carrying on to the meat of your subject.
Monetise – Monetise each video with at least 5 different income streams in each video footnote text section.
Interlink – Interlink your videos end to end; with end screens. This will allow your viewers to watch one video and automatically watch a second one. Doubling your views easily.
Delegate – Make best use of your time; get professional specialists to create Thumbnails, voice overs, videos or animated explainers for you on Fiverr. Get 20% off your first Fiverr purchase here
I can recommend Nick Nimmin here, to help point you in the right direction.
14. Make Money Online From Home by Creating a Blog Reviewing Affiliate Products
A tried and tested way to make money from home passively, is to create a blog which reviews products you use every day.
Specialise in a niche you have an interest in or know a lot about. Perhaps mobile phones, your favourite tech, green juice blenders, yoga or camping gear. Try to choose a niche that is lucrative, but doesn’t have too much competition.
Use a keyword tool like Keywords Everywhere, to see how people are actually searching for items and write articles accordingly. Then look at your competitors and click on their affiliate links. This will show you which affiliate networks to join in order to promote those specific products.
First think of your concept and add lots of value with good content that’s keyword optimised and buy a decent domain and hosting.
Create the site and customize it or get a website builder to create it on People By The Hour or Fiverr
Remember to specialise in a lucrative niche and outsource the skills you are not confident in or don’t enjoy doing.
15. Create Passive Income by Renting Out Your Driveway, Parking Bay or Garage
This is an excellent way to create passive income, and I’ve been doing it for about 5 years.
You can actually earn reliable cash flows by renting out your parking bay or driveway.
It’s a smart way to make money with no money from the comfort of your own home, completely passively. Sure it takes a bit of setting up; I started by putting a free ad on Gumtree.com to get a paying tenant.
Now there are companies that take all the hassle out of it for you. They will do everything for you; find the customers, draw up the contracts and arrange the insurance. Payment made by card and the cash transferred to your PayPal or bank account. So it’s possible to totally automate the process and from there it is pure passive income profits. Insurance is often included in the rental and you don’t even need to deal with your parking tenants yourself.
In fact, you can make passive income by renting out your attic, basement, loft space, driveway, parking bay and even your front lawn. This is a very profitable home business idea which you can do on autopilot, completely hands-free. You won’t need to have anything to do with the parking payments receipts and your tenants won’t need to contact you directly. This is a really fantastic and reliable income stream each month.
This income generating idea works especially well if you live close to community centres, bus or train stations, shopping centres, sports stadiums, big churches or temples.
Great websites to use are ParkOnMyDrive – Available in USA, UK, IE and AUS.
Stashbee is one of the most popular space and storage companies & in the UK.
JustPark is a great short term parking app. It works very similar to Uber, so drivers can locate parking bays in seconds.
JustPark has very strong user feedback and your customer can use the app to find your parking bay quickly. The app will take your customer directly to your available parking bay. Payment is done online automatically and you don’t have to be involved in the payments process at all. Payment to you is made directly to your bank account or PayPal account.
Parklet – Is great for long or short term lets, and useful if you’re looking to rent out your car parking space for a longer period.
16. Generate Passive Income Automatically – Get Paid For Shopping Online or Instore
This really is a fantastic way to make passive income automatically. You get paid to shop and earn by buying the things you normally do. I’m surprised more people don’t do this, as it really is a hassle free way to earn income from something you would do every day anyway.
The best cash back sites work by paying you every time you shop online or instore, for things you usually buy anyway, so essentially you make money for free!
These awesome online money making sites are free, and each time you click through and purchase something from one of the thousands of retailers featured, the retailer pays you a commission just for your custom as cashback.
The best cashback sites are:
UK – TopCashback – Get paid to shop with thousands of companies including Amazon.
17. Make Passive Income By White-Labelling/Private label Someone Else’s Product or Services
Using a white label product with your own branding is a great way to make passive income.
White-label products and services are re-brandable, re-sellable items that are created by one company to be rebranded, re-marketed & resold by others.
Big companies do this all the time. You probably buy rebranded, white label products all the time, without knowing it! Typical white label items are toilet paper, credit cards, baked beans, pasta, insurance, food items, laundry detergent, course, online entertainment streaming.
So don’t kill yourself creating a product from scratch.
Now you can do this simply; order physical products from China, rebrand them and resell them. Good sellers are; T-shirts, water bottles, stationary, storage containers, water bottles, t-shirts, gym bags, plastic drinking cups (Starbucks type cups), cycling accessories and sports goods.
Or you can do this electronically or via online products. Members-only, subscription paid, multimedia-driven website services are the best, because you can really scale them up. Profits are large and the white-labelling company at the back end handles all of the customer service under your brand.
Like what sort of things? Online products like eBooks, online courses and private information membership sites specialising in valuable and in-demand information.
So how do you find online white label product suppliers in your niche?
Google “White label suppliers xyz niche” and see what comes up. Then create your brand using their back end. This can prove to be a very profitable home business idea. I’ve not applied this idea yet, but I will be as this is a real winner
Have a look at Ontraport for a great membership site idea.
18. Apps That Pay You – Passive Income Apps
Get Paid To Have An App On Your Phone? Sounds ideal. Yes, apps that pay you are a real thing.
There are a number of money making apps you can download which automatically run to generate some passive income.
So essentially you install the apps on your phone, and get paid for it?
Check out apps like Neilson Digital, simply download the app and carry on doing what you normally do.
The apps runs in the background and it’s an easy way to get money for nothing! Download the app here.
Mobile Expression is a similar app for iPad. You can earn rewards for installing it and leaving it on your device for at least 90 days. You don’t need to do anything to it and you still get paid!
19. Earn Passive Income – Renting Out Your Space and Stuff
Most people do not realise that there is a great way to earn passive income with no money, sitting under their very noses.
Storage demand is at a premium and people will pay you a regular income to rent your warehouses, outhouses, lockups, garages, parking bays, basement, container, store room, and even your front lawn.
Rent out your parking bay, driveway during social and sports events that draw crowds to your town.
I’ve actually been doing this myself for years and it’s earned me a fantastic passive income. I advertised for a parking tenant on Gumtree.com, but now there are apps that make it easy to rent your stuff on autopilot.
Fatlama Get Free £20 Credit – Is a great website to rent out your stuff on. You can rent out your bikes, drones, cameras, skiis, sporting goods, baby stuff, prams, and plants.
One of the best apps for renting out your parking bay are:
ParkLet – Great for short term or long term lets.
If you set up this business correctly, it can be completely hands-free and the app should do everything for you; handling bookings, contracts and some even provide insurance cover to protect you and the renter.
A really reliable way to earn passive income profits.
20. Invest In a Physical Business or Buy One Online
Buying an existing business to generate passive income can be ideal. Whether you buy a business online or offline it’s important to remember a few guidelines.
If you opt for an offline business, as in a real-life “bricks and mortar business”; service industry businesses can be good, because your costs are often smaller and profits larger.
Processes are important; you want to be working on your business not working in your business. Ideally, you want to be able to automate or outsource as much as possible.
The businesses must be profitable quickly, it must be scalable, you must have the time, energy, and skills/knowledge for the business or be able to hire them.
There is no point pouring your life & soul into something that is unprofitable.
Have you looked at the competition? Do a good old SWOT analysis. Think simple & profitable; especially for your first business. Reselling others products, small coffee shop or convenience shop, that sort of thing.
Try a pop up store for your concept to see how it goes. Learn to make money with no money. Or at least make money without much money.
Try to befriend a competitor in another town or city and pick their brain. Try to learn from their business and do yours better.
I’ve tried a car parts wholesaling business and failed. I bought high quality car parts from China & Malaysia and sold it retail on eBay, Gumtree and Craigslist. I did very well until a competitor started selling the exact same parts cheaper.
After that experience, I’ll be sticking to online business for now.
Buying a franchise can be a good entry point into a profitable business, but requires a lot of upfront investment in cash, staff and training, before you’ve even made a sale.
Personally for me the online route makes a lot for sense. Why? It’s cheap and manageable to start an online business. You can get your online hosting, concept and website up and running in a matter of weeks with very little capital.
For online businesses why not buy an existing concept and website? You can make it your own by adding your own content and monetisation. Try Flippa.com or Sedo.com.
21. Make Multiple Streams of Income from Selling your eBook Online
It’s possible to make multiple streams of income selling your own eBook online. Publishing your own book is mainstream today and it’s easier than ever.
In fact, most of the books you see on Amazon are self-published. To self-publish a book, first think of your concept and check to see if there is a market. You will need to write and edit it, produce an original cover, and then upload it to a program such as Lulu.com or Amazon’s Kindle Direct Publishing. It will take time to make sales, but of course you can promote your book online and on YouTube, in order to turn this into a passive income stream.
If you don’t want to write it all yourself, just come up with the concept and get a professional, experienced and skilled writer on Fiverr to write it for you!
22. Earn Residual Income by Advertising On Your Car With Wraparound Ads
If you own or have the use a reliable vehicle, this is a great residual income earner. Car owners can make extra money from advertising on their cars; known as “wrapping”. There are some great car wraparound agencies in this space but do lookout for scams.
Legitimate advertising companies pay modest but reliable amounts of income every month to drivers, to wrap their cars with ads. It’s another super way to make money without money.
23. Making Money Online By Creating a Course on Udemy or Skillshare
If you love teaching, facilitating or communicating; creating a course might be a great way for you to make money online.
Make Money on Udemy
Skillshare and Udemy are great websites, because they make it easy to build a course and handle the whole marketing side. They will get you potential purchasers and students for your courses, so it’s great way to make money online.
Try out Skillshare for free as a user to get an idea or how it works. Get the free 30 day premium trial here home business without investment
How To Create a Course on Udemy
Udemy is an online platform that lets its user take video courses on a wide array of subjects. Instead of being a consumer on Udemy, you can be a producer. Create your own video course, and allow users to purchase it. This is a fantastic option if you are highly knowledgeable in a specific subject. Udemy will market your course for you, so you don’t want to have to market your course yourself.
This can also be a great way to turn traditional tutoring into a passive income stream!
Sites like udemy.com give you the opportunity to create an online course in your speciality, to set it up and then forget about it and still earn an ongoing passive income from your work 24/7.
Make Money Teaching Online with Skillshare.com
Maybe you’re thinking, “Well how do I start to create a course online?” To get started, think about any skill that you have which you could teach. Get a piece of paper and brainstorm any of the contents and parts that you would like to teach concerning that subject.
Open up in a Word document. Then go along to Udemy and look at some of the existing courses teaching the subject you want to teach.
Drill down on those course contents and have a look at a detailed contents that they’re covering. Make a list of any of the chapters your competitors are already covering. Do look at quite a few competitors’ contents and be sure to add any parts to the course which you can see as a gap.
Then add your own spin to it. You need to make sure you keep the online course exciting & fresh and have a lot of your own graphics and illustrations to make it interesting. Make sure you add value and you deliver excellent content for what people are paying.
Have a look at this YouTube video to really help you get started in creating a course online.
24. Make Money with Multilevel Marketing/Network Marketing
What? Are you serious; Multilevel Marketing/Network Marketing/MLMs? I know you’re thinking PONZI schemes aren’t you?!
The industry has a bad reputation, but there are many legit MLMs. Essentially multi-level marketing is a way of distributing and marketing something; so you could use it for any product or service.
There are legitimate examples of network marketing, or multi-level marketing and you can earn passive income streams through them by building a team beneath you (often referred to as a down line).
Once you have a large team you can earn commissions from their sales without having to do much except motivate a team.
Ponzi Scheme vs Legitimate MLM
Ponzi schemes will usually obligate you to sell a useless or extremely overpriced product or service to a captive audience. The captive audience being those people you are obliged to sign up, in order to make decent returns. And often the people you refer will have to pay a large fee, just to join.
If a product or service can add value without you having to bring others in, it isn’t a Ponzi scheme.
If the product has value on its own and is priced similarly to competitors’ products, it is probably not a Ponzi scheme.
Reputable MLMs are: Utility Warehouse, ACN and Avon.
So how did they work for me? I tried Utilities Warehouse. It’s a great business, but for me MLM is too dependent on maintaining a downline. For me, it’s not scalable enough to enable building wealth passively, the way I want to build it. And passive income is what it’s all about.
I’m sure it can work well. Especially, if you already have an entrepreneurial network that is motivated and hungry for opportunity. But it’s not for me. I have a full time job, a family and friends. I want to keep them, not spend more time working in another networking job.
25. Create a Lead Capture Website For Real World Businesses
You are a specialist in something; we all are. Create a lead capture site in an area you’re knowledgeable and passionate about, and partner with businesses in the supply chain of that specialisation. Then monetise it. For example, I have a friend who knows a huge amount about life insurance, but doesn’t want to sell life insurance himself. He created a lead capture site referring leads to the best insurance companies for a fee.
You can easily make $1000s a month with this idea, and it’s one of the best side businesses, because it basically runs an autopilot, once set up.
Try to answer the questions people are asking about the subject online. Find reliable hosting and a great domain name. Make sure you create a site that is keyword optimised and promote it. Again if you don’t feel you want to do it all yourself, get a skilled specialist on Fiverr to build it for you.
26. Generate Income Streams from an App You Create
Creating a valuable app that people need, can generate significant income streams, if done right.
Have you ever had an amazing idea for an app?! If so, you could hire a skilled and experienced app builder or technician to create the app for you. You could also list it to sell on the App Store for residual income.
To start, brainstorm your concept ideas and right them down. Don’t stress, the app programmer/builder can advise you on how to structure the functionality and what’s possible or not possible.
27. Affiliate Marketing – Make Money Online from Other People’s Products
Making money online from affiliate marketing is one of the easiest ways to create a passive income online.
Affiliate marketing is where you join with a company, and become their affiliate so you receive affiliate commissions every time you sell one of their products. Once you are signed up you receive unique URL links which you can post on your website, blog, YouTube video or even online free ads sites; in order to make sales.
You could also join affiliate networks, which essentially host and manage the affiliate programmes of thousands of companies, so they are able to offer their marketers thousands of products to sell.
Affiliate marketing is one of those online businesses that make money right away, as it doesn’t take long to set up.
Let’s say, for example, you had a blog all about pets, pet accessories, pet health, toys for pets, reviews on pet insurance products and so on.
You could write factual reviews about various pet products giving you true opinions and real experiences with various products, and then place your affiliate links in your review article.
Every time someone finds your article useful and decides to buy the product through your link; you’d make a commission.
In addition to links, you could build a long term relationship with your blog visitors by using an email marketing system like Aweber or Mailchimp. That way you could send your subscribers regular updates on what they are interested in and get them coming back to your site again and again.
Another way to make money from affiliate marketing online is to create a focussed YouTube channel and promote your affiliate links under your videos.
Some of the best affiliate programme networks are:
Making money online from affiliate marketing has been worthwhile for me, so I’d strongly recommend considering it.
28. Design Merchandise and Sell It Passively Online
If you’re creative, you can create designs for t-shirts, mugs, water bottles, sweatshirts, jackets, fliers, banners, invitation sets and other merchandise, and sell them passively online, via one of the many design websites which handle everything for you.
Do it once and enjoy a passive income from it forever, with sites like Printable, AmazonMerch, Cafepress or Zazzle.
So how does designing on demand merchandise work?
Well like most of the stock photography websites, you create some fresh designs and upload them to the site. If someone likes one, they choose it and add it to their t-shirt, letterhead, business card, wedding invitation, sports bag, mug or whatever; and they pay for the privilege. You get a portion of the royalties.
The company takes care of all the rest; manufacturing, packaging and shipping the items.
If your designs becomes popular and makes sales you’ll be able to earn significant passive residual income from the royalties.
Even if you’ve got no design talent at all, you can pay someone else on Fiverr to create the designs for you. You then own the design and get to make money out of them.
29. Generate Reliable Passive Income by Renting Out Property On Airbnb
A super way to generate a regular & reliable income passively, is by renting out your property on Airbnb.
If you have a house, apartment, spare room, or even backyard, it is worth listing your property on AirBNB.
AirBNB is great because you can earn money on a space you already own. It does require a bit of work up front to prepare your place, list it, give it a unique concept and clean up after guests, but it’s pretty passive otherwise.
30. Make Money Writing and Semi Automate Production
It’s possible to make money writing and to even partially automate the process.
While I wrote this entire blog myself, there is a huge demand for quality blog research & writing. Especially if you are knowledgeable in a particular niche; like financial or technology writing. It pays very well; check out the pay rates on Fiverr
This is not strictly passive, but there ways you can make it this source at least partially passive income.
By using a decent dictation app to convert your spoken words into words on a page, you will increase your productivity as a writer about ten-fold.
Google Drive or Soho are probably the best free dictation applications around. See our video below to see how to use google drive dictation.
With this idea you write like crazy, producing as much decent content as possible. Then you sell your content to one of the reputable content publishing platforms like Fiverr.com, Writer Access or Writers Domain.
Now this blog is all about passive income ideas and setting up passive income streams. The online writing jobs idea is not passive, but you can make it more passive by not writing the content yourself, but rather arbitraging the blog content.
To do this you buy the content writing cheaper in one place & do a bit of quality control & sell it somewhere else with a mark-up. You can even automate this process and get someone else to do the quality control. Think of this business as running your own content fulfilment desk, where you project manage various writing assignments.
So create great advertisements on Fiverr offering to create blog article content.
When you get orders for content, buy it on Textbroker UK, GreatContent UK and Copify UK, iWriter and sell them on Fiverr, Writer Access and Writers Domain.
Build your team of writers. Eventually you will have an experienced, creative, reliable team whose work you know and trust.
31. Make a Passive Income Renting Out Your Car
Another of the best businesses to start with very little money, is making passive income by renting out your car.
In the same way you could rent out your home or apartment, you could also rent out your car. This can be a truly passive income stream, because once you list your car, it can earn you income when you’re not using it.
Our preferred company to rent out your car is Turo. Turo allows you to put your car up for rent, and they handle the whole process. Checkout Turo here.
The great thing about renting out your car is that, depending on your location, demand and what kind of car you have, you can make a decent passive income. You don’t even need to be near commuter hubs, as there may well be people needing to borrow a vehicle in your area.
32. Are Vending Machines A Good Passive Investment?
Vending machines seemed like great low maintenance small business idea to me. You hear about people who have vending machines all over the place and do very well.
I worked in food retailing for a global supermarket group and I can tell you that these businesses are not very profitable; with high overhead costs, damage, vermin and other issues.
I’ve read about quite a few failed vending businesses, which were never very profitable. I’m sure there are a few business operators who are smart at selecting locations, negotiating deals with vendors and efficiently outsourcing all the leg work and maintenance. But again this wasn’t for me.
In the end, I rejected vending machines as a passive income business. There were just too many issues; thefts, vermin issues, vandalism, health risks and it was too labour intensive with low profit margins to be a decent passive investment.
33. Systematize, Automate and Outsource Any Active Business or Side Gig
We have all read Rich Dad Poor Dad and The 4-hour work week, but how to we put those lessons into practice?
Now, whether you start a physical business; like a shop or a laundry, or an online business, it is possible to systematise, automate and outsource most tasks that the business needs to function.
In fact, this is the most effective kind of passive income stream, because it is basically getting your business or side gig to the point that you are no longer involved in the daily running of it.
You’re no longer working in your business, it’s working for you. It’s no longer just a side gig, it’s an automated side gig.
So how do you do this? You need to document all the tasks and procedures in your business and then assign that work to other skilled people or machines.
Find people on Fiverr or via your local recruitment agency. Look at free websites like IFTTT, which can automate a lot of your social media and electronic tasks absolutely for free, without needing to hire any staff.
34. Create Passive Income Streams from Storage Unit Rentals
An Italian neighbour of mine owns a set of storage unit rentals and receives monthly passive income streams for letting these out to tenants. He has a small sign outside his front door saying he has storage units available for hire.
The only time he has to make any effort for this side gig, is when he has a new tenant for one of the storage units.
You can advertise on Craigslist or Gumtree under lock up garages, or a specialist storage rental apps/sites like Stashbee.com
If you don’t want to manage your storage rental investment yourself, you can get a rental management company to do it for you for a fee or around 10% of the rental. Or you could just buy shares in a storage rental companies, though your stockbroker or Hargreaves Lansdown.
Alternatively, you can invest in storage unit rentals via a REIT (Real Estate Investment Trust). FundRise REIT invests in commercial properties like storage rentals and you can get started for as little as $500 if you are time poor.
35. Buy and Sell Domain Names For a Regular Income
A great income producing opportunity is to make money buying and selling domain names (flipping).
Domain names are unique identifiers for websites, and some are extremely sought after, especially in very valuable niches like crypto, make money from home and gaming.
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.
Use google trends to identify up-and-coming domain name markets ahead of time. Invest a bit of time in researching your niche.
Once you have identified what may draw interest in a particular field or sector, buy the domains on Blue Host. Then offer them for sale with a mark-up so you make a profit.
If you struggle to think up some popular website domains, look at what is already popular and in demand. Then use NameBoy, a funky name creator tool for inspiration to think up website names.
Domain flipping is an exciting business to start with little money, and I have a friend who has done very well with this method.
36. Make Easy Passive Income – Rent Out Your Unwanted Stuff
Renting your unwanted stuff is a solid business you can run from home, and it can make money right away.
Not only can you rent out spare rooms, your loft, basement, storage container or your entire home, but you’d be surprised what else you can rent out.
These days it is pretty much possible to rent out almost anything. Just because you don’t need it, doesn’t mean other people don’t either. They might just want the use of something for a while, rather than own it. Think about it, new houses & flats are smaller than ever before, and people don’t have space to store stuff. People move around much more and travel more than previous generations.
So what stuff do people want to rent? Just about anything, from baby goods, appliances, bicycles, garden tools, power tools, sporting goods, gym weights, surfboards, skiing equipment, to cameras and furniture. I know a lady that rents out exotic plants for weddings; and does very well!
Holiday makers are great renters, as they do not want to cart their baby stuff halfway around the world, every time they go on holiday. But they still need baby cots, toys, baby seats and so on. This presents a rental opportunity if you have an entrepreneurial mind set.
There are a number of websites that will help you rent out your unwanted stuff and even deal with things like insurance for your items. Try Fatlama to rent out your stuff.
Fatlama Get Free £20 Credit – You can rent out your bikes, drones, cameras, garden furniture, skiis, sporting goods, baby stuff, prams and house plants.
37. Build a Niche Website Selling Real Products and Link It Up With Amazon Associates
Here you can really use your imagination, interests and passions to build a specialist, real product niche website, hosting content-rich articles with loads of useful product-focused information and videos for your readers.
You then talk about products you’ve used or perhaps focus on a particular theme. Like health, weight loss, vegan food, sports, special kinds of clothes, hello kitty, children’s shoes, green juice blenders or hand-crafted handbags. The potential is really is endless.
Then you Join up to Amazon Associates and match your products with your Amazon affiliate link to that exact product. Remember to always use the amazon universal link so that you always earn commission, no matter where in the world your buyer is located.
By linking up to amazon, you avoid all the hassle of keeping stock, sending out orders, handling customer service and returns. Amazon with do it all for you via your Amazon Associates membership. If you’re looking for a home based business without much investment this is a great one.
Join up to Amazon Associates here.
38. Make Multiple Streams of Income With a Billboard
A billboard can be an ideal passive investment, especially if you have space for it or possibly are located along a highway or a busy road. It’s a great way to add an additional income stream to your portfolio, if you are already a landlord.
Check out the below billboard advertising companies, who can help you with your billboard and advise you with the process of getting approval from your local regional authority. They will help you set up and will also pay you for the privilege of advertising on your billboard.
You can also make multiple streams of income from billboards that aren’t really billboards. For instance truck trailers that have been made into “mobile” billboards or panel vans with advertising on the side. And you can park these wherever there is a lot of traffic.
39. Buy an Existing Online Business for Regular Income
Starting an online business from scratch is not the only way to build a successful business that generates a regular income. It is also feasible to buy an existing successful business and develop it to become even more successful.
There are many sites where you can buy an existing starter or developed website, complete with customer base and traffic. So why not just pay a modest sum to own a cash flow generating machine which brings in a regular income? Have a look a Flippa for great deals on already aged and ranking websites.
40. Self-Publish a Book for Income Flows
Websites like Lulu.com make it possible to self-publish a book, aimed at producing regular income flows.
With digital publisher sites like this, you can create, publish and sell your book for free. Lulu will help you by doing all the online & offline marketing and promote your book via the usual retail channels to get your book into the most popular bookstores worldwide.
You then share the book sales revenues 50-50. This is well worth doing if you enjoy writing, but don’t want to handle the whole promotional side.
41. Passive Income Opportunities Teaching English Online
One of the best side gigs I know, especially if you are an excellent teacher is teaching English or any other language online. Although not completely passive, it is possible to leverage your time, and increase you income by teaching up to 4 students at the same time in an online classroom. This greatly increases your revenue and the amount you can charge.
This works especially well if you live in a country where there is not a lot of work, but your living costs are really low.
Sayabc.com is a reputable company, where you teach English online. You’ll teach four students at a time in a pre-set lessons and it pays very well at $21 per hour.
Verbalplanet.com is another website that provides a fabulous opportunity to access students around the world. Verbalplanet.com helps anyone with a language and teaching skill connect with a whole new world of opportunities teaching foreign languages online. It is free to use and you can set your own hours and lesson rates. Teach online with Skype and get paid with PayPal. Teach in any capacity: full-time, part-time, or just occasionally.
If you want to make this 100% passive, to make residual income on autopilot, you can create an online course. See Making Money Online by Creating a Course on Udemy or Skillshare
42. Create a Review Website with Affiliate Links Earning Passive Residual Commissions
This is similar to creating an Amazon storefront website, but you’re not limited to Amazon only, so your potential is even broader.
With this idea, you create a review site to focus on reviewing and comparing services of popular branded products and services. You then earn passive residual commissions from the business you refer to those product companies.
Try to write honest and informative reviews, which help readers to solve real world problems. Offer your valuable experience, “insider” tips & tricks and win their trust by providing a lot of quality free assistance and information.
Try to engage your readers and ask them how you can develop what they need. They will then naturally buy from you.
This works pretty much for any product or service. You probably use a large number of products and services daily, and maybe there are some you really value. Perhaps a decent skincare range or clothing range. Ideally, you may want to review & compare digital products that you use which have a membership system, so that you get reoccurring monthly commissions. Things like online courses, movie sites and so on.
43. Make Passive Income with a Shopify store with Obero link to Alibaba Express Drop Shipping
Make a passive income online with a drop shipping store. You can do this by sourcing products from the supplier in China. You upload sample photos and your description onto Shopify. Your customer purchases the item via Shopify and it gets shipped directly from the supplier. You don’t have to stockpile the product, deal with staff or returns. You set your own prices, but the supplier fulfils your orders.
On the backend you will have to integrate your Shopify store with AliExpress using Oberlo for drop shipping. Have a look at this video to get a good introduction to how to enable this.