Starting A Side Business
Starting your own business is a wise idea to create a passive income. But most people ignore this way thinking they need high investments. Actually, they don’t. There are several opportunities on the internet today where you can start your own business with no money or with small investments.
The Internet is the best place to sell anything today because you can target your customers. And also you can reach and contact more people from your home only. You don’t need to go out of a home if you work wisely. If you are an employee of another company, then you can hire people that are capable of running your business successfully.
Rent A Vacant Room
Do you have a vacant bedroom in your home? Then it’s time to
make money by renting the spare room. This idea doesn’t need you to work every
day.
You can simply list your room on websites like SpareRoom, Roomster, etc. Interested
people will contact you directly.
Don’t forget to make an agreement with the customer
according to your rules and regulations. Also, it’s better to gather their
personal info when you are allowing a stranger into your house.
Write and Sell an eBook
Selling an eBook online is a great way to create a side
income passively. This idea doesn’t require great skills to start.
You can write an eBook on any topic that attracts your
customers. Like gardening, saving money, blogging, pet training, or anything that
you have good knowledge and skills at.
To sell your eBooks, you can use platforms like Amazon Kindle, Blurb, Nook Press, and
more.
Invest Money in Crowdfunded Real Estate
Real estate is an option for those who expect high returns.
Investing in crowdfunding real estate companies can be a great idea to make a
passive income.
You don’t need to invest big bucks to get into real estate.
You can start with a few hundred.
If you want to start with low investment, then Fundraise is a legit
platform to start investing only at $500. They are offering up to around 8-12%
annual returns on your investment.
Realtymogul is
also a great company to start but the minimum investment here is $1000.
Investing money is nothing but risking money. You need to
keep it in mind and better take advice from an investment adviser.
Peer-to-peer Lending
Lending money to the people who are in need will help you to
get high returns in the name of interest.
Peer-to-peer lending is offering loans to people who don’t
qualify for loans from banks or any finance companies.
You can demand up to 5-12% annual interest on your
investment. Actually, these returns are higher than any typical savings
account.
Look at companies like LendingPoint, LendingClub to get
started with this business.
Affiliate Marketing
Affiliate marketing is the best idea when it comes to
passive income. You don’t need to create a product. You don’t need to invest
money and still, you will get paid.
All you do in affiliate marketing is promote products on
your blog(if you have), social media platforms, and other websites.
You will get paid commissions when someone buys a product by
clicking on your affiliate link.
To get started with affiliate marketing, you can sign up for
some popular affiliate platforms. You can start promoting once you are accepted
by those platforms.
Here you can join some popular affiliate networks to join:
Clickbank
Amazon Associates
Shareasale
Commission Junction and more.
Start A Blog
Blogging is another way to make passive income online.
Blogging can help you to make money in different ways.
You can choose your own topic to blog about it.
You can blog about education, food, health, travel, science,
technology, and more.
Any blog can be monetized in more than 20 different ways
like displaying ads, affiliate marketing, selling products, etc.
Blogging can be your full-time job within a few months of
its inception. You can make a few thousand passively working on it.
Start A Dropshipping Store
Dropshipping is all about selling physical or digital
products online and leaving the shipping process to the product owner or drop
shipper.
To be successful in this business, you need to make a list
of good products and a good shipping partner.
To get started, first of all, you need to create an online
store. Shopify is a good platform to create a store because it is mainly
focused on the dropshipping business and has automatic features that help its
users to create a store on their own.
Once you are done with creating a store, You can list
products on your store and promote them.
The best thing with the dropshipping business is you can fix
your own prices of products. You can buy a product for $5 and you can sell it
for $50 at your store.
Create WordPress Themes
Did you get any coding skills at your college? If yes, then
this might work for you.
WordPress themes are high in demand these days. Every
website or blog owner needs a unique theme.
The best benefit of digital products is they will be created
once and can be sold infinite times. Any digital product can be sold without
any limit.
Why not create and sell WordPress themes? If your theme
becomes famous, then it will make you earn money passively every day.
Some platforms to sell WordPress Themes
Mojo
Themes and you can find more.
Create and Sell WordPress Plugins
This job is also similar to the above one. Instead of
designing a complete WordPress theme, you can create a WordPress plugin that simplifies
a certain function or task.
WordPress plugins are mostly used to customize websites
according to provide the best experience for their users.
If you can create a plugin that helps website owners and
users as well, then you can make money by selling it.
Millions of users download WordPress plugins every day. It’s
a great way to make passive income by selling WordPress plugins.
Create and Sell WordPress Plugins
This job is also similar to the above one. Instead of
designing a complete WordPress theme, you can create a WordPress plugin that
simplifies a certain function or task.
WordPress plugins are mostly used to customize websites
according to provide the best experience for their users.
If you can create a plugin that helps website owners and
users as well, then you can make money by selling it.
Millions of users download WordPress plugins every day. It’s
a great way to make passive income by selling WordPress plugins.
YouTube Channel
Creating a YouTube channel is another great way to make
passive income online.
So, what can you share on your YouTube channel?
Whatever! you can teach people with your videos, product
reviews, tutorials, unboxing gadgets, world tour videos, cars, bikes, etc.
Ever thought of how YouTubers make money?
YouTube pays its publishers by displaying ads on videos. Not
only in that way, but you also can make money through affiliate marketing,
reviewing products, selling products, driving traffic to your blog, and in many
ways.
Rent Your Car
Want to make some passive income by renting your car? Then
list your car on some popular car rental platforms.
These platforms will help you to make up to $12,000 per year
passively by renting your car to others.
Best platforms to rent your car:
HyreCar and
you can list on local classified platforms.
Selling T-Shirts Online
Can you design creative designs to be printed on T-Shirts?
Then this might work for you.
This job doesn’t need great design skills. Funny sayings,
humorous quotes bring more sales to this business.
If you are interested to start this business, you can signup
for a few platforms and submit your designs.
They will print and deliver t-shirts to your customers and
share profits with you.
Some good platforms to start selling T-Shirts:
Teemill and
more.
Sell Digital Products on Pinterest
Ever thought about making money on Pinterest? Yes, it is
possible and it is not a social media platform. It is a search engine.
Pinterest is a great platform to drive traffic to a blog or
website or to any product page. So why not start selling on Pinterest?
You can promote affiliate products, CPA offers, own
products, courses, eBooks, and more.
This will definitely help you to create a passive income.
Pinterest is also helping bloggers to drive huge traffic.