Passive Income Ideas You Haven’t Thought of

 Passive Income Ideas You Haven’t Thought of

The term passive income gets thrown around a lot, especially when it comes to conversations about getting rich on the internet or launching your own business and creating an income stream that you don’t have to work at if you don’t want to. But what does it really mean? And how can you get your hands on some passive income? To find out, check out these ideas for passive income that you may not have thought of yet!

Investing
The more passive income you can make from your portfolio, the better. Investing is a great way to make passive income. For some people, investing in equities and stock trading can be a scary affair, but others have found success by investing in real estate. The key to success when it comes to real estate is location — getting in on it at just right time can put you ahead of everyone else.

Shopify stores
Although platforms like Amazon, Etsy, and eBay allow you to make a living on passive income by selling your wares, sites like Shopify give you a platform to sell other people’s products — meaning more profits for you. Get started with a free 14-day trial today!

Amazon affiliate websites

An affiliate website is one in which you promote other people’s products or services and earn a commission for every sale. Affiliate websites can be huge money makers because they take very little time to start up, require minimal investment, and often have high profit margins. For example, if you wanted to start an Amazon affiliate website, all you would need is a small list of products and their links on Amazon.

Selling E-books
If you write and self-publish an e-book, you can sell it online either directly from your own website or via platforms like Amazon Kindle. If you go down either route, make sure you take a few steps to ensure that your e-book’s text is optimized for online sales — first and foremost by ensuring that it has a unique title. Selling on Amazon? Make sure to add keywords that target nonfiction readers interested in your topic (i.e., words like entrepreneurship).

Drop-shipping
My first passive income idea is drop-shipping. With drop-shipping, you buy products from an online wholesaler and sell them directly to your customers without holding any inventory. Drop-shipping businesses usually start on Amazon or eBay but can be done anywhere else, including a standalone site. I won’t cover it here because it’s been written about ad by other sites and sources; instead, check out Ultimate Guide to Drop-shipping for a full run-down.

Blogging
While blogging is technically a form of passive income, it requires a considerable amount of work and upfront costs. In addition to purchasing and maintaining your own domain, blogging requires a significant investment (both in time and money) to build an online community around your site.

Affiliate marketing on other sites
With affiliate marketing, you partner with brands or businesses to sell their products. If you regularly write reviews or posts about a certain topic, for example, you may want to partner with related businesses that sell products. They might even provide you with customer lists so that targeted advertising can be used to drive traffic back to your site.

YouTube videos — if you’re popular enough!
If you have a popular YouTube channel, you could make some passive income through that. You won’t be able to rely on it for all your income, but it could supplement your regular income and help you get a few more views if your videos start getting popular.