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passive income ideas

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In this post, you’re going to see powerful passive income ideas that can bring you an extra $1,000 monthly.

Passive income is something that brings you freedom and adds extra money to your wallet.

 

Bonus: If you want to start an online proofreading home business to earn up to $40,000 or more per year,  then try this course by Caitlin Pyle.

Let’s discuss some of these here…

 

 

 

 

1. TIK TOK MAGIC

TIK TOK has gained so much popularity in the last 1-2 years. It’s a platform that allows you to make short videos with little to no effort.

You can shoot funny or creative videos and post on Tik-Tok.

However, it doesn’t bring you passive income initially. But if you work regularly, then you can make passive income in the long run definitely.

The concept of making passive income is different than what you think.

Actually, TIK TOK doesn’t pay you money but it brings you popularity. Once you become a popular creator on it, you can make easy money.

SEE HOW:

Suppose, you become the popular creator and have 1M followers on it. It’s huge…right.

And the cool thing is that it doesn’t take years to gain 1M followers if you are creating engaging videos.

Once you have this much audience, you’re ready to earn passive income.

And also send followers to follow you on other social media platforms. It will not only help you earn money but also grow your social media popularity.

NOTE: But remember that, you can’t make passive income directly from TIK TOK, instead you can earn from sponsorship and affiliate marketing easily.

Also Read: How to become famous on the internet in less than a year

2. MAKE MONEY WITH FACEBOOK VIDEOS

Again, if you love to shoot videos, you can monetize them using the Facebook audience network.

It’s a good alternative to make money online.

You can consider it as a passive income source and can earn more than $1000 every month easily.

Ad breaks help you earn money by including short ads to your eligible videos. 

Check eligibility: –

If your video is eligible, you’ll earn a good passive income.

COOL!

3. EVENT BLOGGING

Many of you don’t know the power of event blogging.

In my opinion, it’s one of the most popular passive income ideas that can make you thousands of dollars monthly.

As the name suggests, in event blogging you create a blog that covers a particular event/festival. Pretty much every blogger knows about it.

But if you don’t know then there are a few tips to start from.

TIPS:

  • If you want to start a free event blog then BLOGSPOT/BLOGGER.COM could be a great place to go.
  • Next, buy a custom domain for better results. (It will only cost you $15 / year).
  • Find low competition keywords using free keyword tools like Ubersuggest.com.
  • Publish at least 5-10 high-quality blog posts.
  • Generate backlinks
  • Put AdSense code (How to add AdSense ads to your BlogSpot blog)
  • Drive traffic to your blog by sharing it with all popular social media platforms.
  • That’s it.

RELATED GUIDE: Should you blog on BLOGSPOT in 2020

 

4. DROPSHIPPING

How often do you think about starting your own business?

Hundreds of times…right?

As you’re creative enough, you like to come up with new money-making ideas.

And DROPSHIPPING is could be one of your options.

It’s an easy side of your business, where you don’t have to care about inventory. All you need is a virtual online store that can drive people in.

Once people are in, the supplier will do the rest.

But wait…

Here you’re the middle man between suppliers and customers. And here customers make deals with you, not the supplier.

In a simple way, you can set a new price that includes your profit margin.

For example, you’re running a DROPSHIPPING store. The customer comes to your online store and chooses a product of $100. It’s the MRP of the product.

 But the wholesale retail price of this product is only $75.

The customer pays you $100 but you pay the supplier at wholesale price which is $75.

So your profit is $100 – $75 = $25.

This is how you make a profit.

You can also compare it with a broker who brings the customer to you and you pay commission to him.

It’s a much better way to earn passive income without even caring about anything.

 

5. START A T-SHIRT BUSINESS ONLINE

It’s one of the easiest ways to make money online with little to no investment.

Here I have a trick; depending on you how you look at it.

  • Use TIK TOK and become famous.
  • Be creative.
  • Open an online store.
  • Design logos and print on t-shirts.

If you follow this trick you’ll end up with a successful T-SHIRT business.

And I’m pretty much confident that if you become popular, people will love to buy your brand’s t-shirt.

Also Read: New youtube video marketing strategy to grow your business

 

6. EARN PASSIVE INCOME FROM QUORA & MEDIUM

Most of us love to have more passive ideas to earn good money.

And here you have QUORA and MEDIUM.

QUORA pays you for questions. The more valuable questions you ask, the more money you will make.

On the other hand, MEDIUM pays you for valuable content. More extraordinary content you publish on medium, more people will love to join your paid membership to read your stories.

By the way, I’m including a link to my article where you will learn more about how to earn money from QUORA & MEDIUM.

Here it is: 5 Easiest Ideas To Make Money Online [UNIQUE WAYS]

 

7. APP DEVELOPMENT

This one takes more time but it will pay you the real passive income.

And why do I consider it such a good idea to make money?

The answer is simple…

Good ideas are just part of what it takes to produce good things that make you more money.

So you need to think in a different box and produce what entertains/wow people.

Steps to earn money from app development…

  • First, register to an app store. (Android play store or Apple app store). It may cost you around $100/year
  • Next, you need to think about a project that you can work on.
  • Build your application. (user-friendly, smooth, and responsive)
  • Add in-app purchase features to earn money. And also put AdMob ads for extra money.
  • Earn positive ratings

Once you get enough downloads, the money will start flowing into your AdMob account.

Good luck…

 

8. SELL E-BOOKS

Do you like writing?

If you do, then don’t limit it to you, let’s explore it outside and create e-books.

E-books are a soft and short version of books. These are the digital resources that help others to learn more about a particular topic.

For example, if you know the secrets of ‘Facebook Advertising’ then you can publish your e-book that includes these secrets.

 And sell it on: –

Above are the platforms that allow you to sell your e-books in many different ways.

For example, you can add your e-book on SCRIBD. It’s a kind of paid reading service where you will be get paid every time someone joins the membership and read your e-book.

Sales and conversions depend on how compelling your e-book is. So better you work hard to make an excellent resource that people love to read.

Don’t sell bullshit, it discourages readers and dulls your expertise.

 

9. AFFILIATE MARKETING

Affiliate marketing is always the most exciting subject to talk about, but it’s not that easy.

So, it’s vital to learn affiliate marketing before you infuse it.

Once the foundation is in place, you’re well-positioned to start your affiliate marketing business.

And believe me, it’s a lucrative way to make huge passive income.

John Chow is a well-known personality in affiliate marketing. He earns more than $40,000 monthly with just affiliate marketing alone.

Cool…!

A few steps to start making money from affiliate marketing…

  • Choose a profitable niche. (Make sure you measure the competition before picking any niche.)
  • Become an expert in your niche. (Learn more and execute fast.)
  • Once you master it, you are ready to target your audience.
  • Next, Join affiliate networks that offer products and services and bring you an affiliate commission.
  • Drive traffic to your affiliate business.
  • Build a relationship with readers.
  • Lastly, ask them to buy a product from your affiliate link.

The whole concept of affiliate marketing is building trust & loyalty with readers.

Once the reader, listener, or viewer begins to believe in you, they will love to buy on your recommendation.

 

 

10. VIRTUAL ASSISTANT

(Partially Passive income Ideas)

Do you want to make money online at home? Then VA could be a smart option for you.

VA is another passive income idea to make money remotely.

A Virtual Assistant is a person who offers services to their clients. ACTUALLY, you are selling your expertise virtually.

For example, you know ‘How to use LinkedIn to generate Leads’.

You get a client, make your deal, and ask him to buy your service.

If he/she agrees with your deal, then you serve your service and earn money.

Mark this point:

If you contact someone because you want a deal from them, you’ll be preoccupied with getting that person to agree to your proposal.“

Once you start getting clients for your business, you can make full-time income easily.

 

11. FREELANCER

(Partially Passive income Ideas)

Similar virtual assistant, a freelancer is someone who offers services and earns money hourly or daily.

A freelancer is not an employee, they are self-employed and hired by companies to do a specific task in time.

A Few freelancer jobs

  • Writing
  • Editing & Proofreading
  • Graphic designer
  • Data entry
  • App development
  • Transcription
  • Marketing and PR
  • More…

 

Bonus: If you want to start an online proofreading home business that can earn up to $50,000 or more per year,  then try this course by Caitlin Pyle.

 

 

 

 

 

 

If you have any of this expertise, then you can become a freelancer.

But the real question comes; how do you get clients…

The best way to get clients is to post your job on ‘freelancer.com’, ‘upwork.com’, and fivver.com.

You can even go to LinkedIn and pitch your network directly to get hired.

Once you get clients, you can make deals and earn accordingly.

You can charge $10 to $100 per hour depending on your job. If you are a freelance writer you can charge $0.1 – $0.5 per word which is quite good.

But remember, your service should be reliable and worth paying money. If you make people fool, they will give you negative reviews and it discourages your new clients.

 

12. START YOUTUBE CHANNEL

YouTube was designed to share knowledge with the world. But now it’s become one of the most powerful video search engines.

You can find everything from cats to educational videos. Apart from that, it’s a good passive income idea to make a living out of it.

It’s giving you the opportunities to become zero to hero. And should take the benefits.

You just need to create interesting video content that people love to watch.

If people like your content, they will join you and you’ll be proud.

However, it takes time initially but once you have a huge audience, no one can stop you.

This is how powerful YouTube is.

Starting a YouTube channel is not hard, but it’s hard to take it to the next level.

Once you get your level, you will make serious passive income for sure.

You need a few points to keep in mind…

  • Work consistently.
  • Create content that actually helps your audience.
  • Be punctual.
  • Be reliable, be honest.
  • Always deliver real content.
  • Engage with the audience.
  • Build a relationship with the audience to earn their trust & loyalty.

 

13. PHOTO FOR SELL

One way to make passive income is to sell your photography.

With this, you not only earn passive money but also make YOUR name out of it.

In an era of digitalization, it’s profitable to have a digital asset. And photography is also a digital asset.

I’m saying it because it has a commercial value. You can monetize it and earn money.  

Sure, you’ve got to learn the photography stuff in your field, BUT if you master it, you can build your photography business.

Once you’ve photo inventory, you are ready to sell it on: –

Every time a user downloads your image from any of these photo stock sites, you will be get paid a good amount. Usually, they pay you $0.25 per download.

If you have 10,000 downloads then you’ll be earning $2500 doing nothing.

And this is not the end there are many other platforms where you can sell your photos.

But make sure you always publish images that obey their policy guidelines. If your image is not eligible, you won’t be able to monetize it.

Just keep the standard high.

Also Read: 12 free photo stock sites to use royalty-free images for your blog

 

14. RENT OUT YOUR PROPERTY

We all want to make money while sleeping, and renting your property to someone is just extra money that can fill your pocket every month.

No expertise is required. All you need is the property that you can put on the lease.

How you do it:

You may have an unused large residential property. You can put it on the lease.

For example, if you have one or two-room you can rent them for $100- to $500 monthly.

It’s really a good passive income idea that you should take advantage of.

 

15. LEVERAGE HIGH-INTEREST BANK ACCOUNT

Another way to earn some money is by saving money in your bank account.

Usually, Indian Bank’s saving account interest rate is 4% per annum. And there are very few banks that pay a 5%-6% interest rate per annum.

If you have big money in your saving accounts then you should leverage a high-interest bank account.

For example, if you’ve $10,000 in your savings account and your bank saving account’s interest rate is 6%, then you will earn $10,000*0.06 = 600$ every year which is $200 more than a bank that offers only 4% interest rate.

If I scale this up, then you can even earn $6000 or even $60,000 per year as a passive income doing nothing.

How cool it is…

 

16. DOMAIN FLIPPING

Domain flipping is a digital asset that can make you a millionaire if you’re lucky.  

You can’t deny it… Mark my words…

You won’t believe that cars.com was sold for $872M which is very close to $1 billion.

The guy who sold this domain became a millionaire suddenly. How lucky he was.

But it was 2005 when powerful domain names were available. But now almost everything is taken.

Every word you type in is now already taken.

So here you need to understand what domain you should buy that can be profitable later.

I’ve one simple trick:

Go to Instagram and look for the most popular usernames. Once you get it, head to a domain registrar company and check its availability.

If your domain is available, purchase it and wait for your time.

If you’re lucky, you’ll get an unexpected reward.

 

17. SELL COURSES ONLINE

People always want to learn from a skilled person like you. And the good thing is that they will pay you in return.

So it’s another passive income idea to earn money online.

Let’s see how you do it…

As you have a creative mind, there are many things you know already. And there is a reason why I’m emphasizing the word “creative” because people want to learn creative things.

And the best way to sell your skills is by creating an online course. It could be a book, a video lecture serious, or maybe an e-book.

Once you have it, GO one of these online course platforms: –

  • UDMEY
  • SKILLSHARE
  • ACADEMY OF MINE

Join one of these platforms and post your courses at an appropriate price.

That’s it.

18. RESPONDENT.IO

It’s a good extra income idea that pays you up to $140 if you participate in research studies. 

Respondent.io can bring to total passive income easily. 

SEE what you need to do exactly…

First register to RESPONDENT.io 

Next, complete your profile. 

After that, go to your dashboard and look for new research studies that will be sent to you based on your geographical location and profile. 

If you match with this, you can participate in the research. 

After completing, you’ll get paid up to $140

You can even earn with its referral program. If you refer the respondent to your friends, you will earn an extra $20 every time someone register with your referral link successfully. 

PIN IT…

18 COOL passive income ideas to make serious money

OVER TO YOU…

This post boils down to show my readers that they have alternative ways to make money with little to no effort.

But these are not the primary money-making method for making living.

In fact, there is little to no chance that you become rich using these ideas. But it can keep your monthly income overflow.

Do you have any suggestions? Leave a comment below.

Related Article you may love to check: 

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Shailesh Shakya
Shailesh Shakya

I'm a Professional blogger, Pinterest Influencer, and Affiliate Marketer. I've been blogging since 2017 and helping over 20,000 Readers with blogging, make money online and other similar kinds of stuff. Find me on Pinterest, LinkedIn and Twitter!

4 thoughts on “17 Passive Income Ideas To Start Making $1,000 Monthly [No.1 is New]”

  1. Thanks for the wonderful article. I have been try making my passive income like create blogs, affiliate marketing, youtube content creator. It take lots of time and research, and hard work.

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