10 PASSIVE INCOME IDEAS YOU CAN START TODAY

10 PASSIVE INCOME IDEAS YOU CAN START TODAY Digital haical

10 PASSIVE INCOME IDEAS YOU CAN START TODAY

Looking for passive income ?

Here’s a list of 10 best positive income ideas for 2020 to make you money!  These are amazing passive income sources that can use to build wealth for months or even years to come. But wait..!

WHAT IS PASSIVE INCOME?

I define passive income as the residual income you earn when you are not actively exchanging your time for money.

WHAT IS PASSIVE INCOME? Digital haical

We have two types of income.

The first type involves passive income streams where you work once (invest time and money upfront) then get paid over and over again. A perfect example of this is writing e-books, creating online courses, starting a YouTube channel or creating an online store.

The second type involves little to no effort on your part like signing up with paribus so you can get refunds whenever there are price drops on items you buy daily.

Related Article: 5 Common Mistakes of blogging in 2020 that effect your visitors

Whatever the case, these are the best sources of passive income you don’t want to miss out on! So, let’s look at how you can generate passive income in 2020.

10 BEST PASSIVE INCOME IDEAS 2020

 

1- EARN PASSIVE INCOME FROM STUFF YOU DO DAILY

Daily activities can be shopping online, searching the web, watching funny videos, taking paid online surveys or taking advantage of promotional offers.

EARN PASSIVE INCOME FROM STUFF YOU DO DAILY ! Digital haical 10 Ideas
EARN PASSIVE INCOME FROM STUFF YOU DO DAILY ! Digital haical 10 Ideas

2- CREATE PASSIVE INCOME WITH A DROP SHIPPING BUSINESS

Drop shipping is a profitable business earning people lots of passive income nowadays. If you do not know what drop shipping is, this is a business model where you setup an online store using Shopify and get manufactures to sell products on your behalf.

CREATE PASSIVE INCOME WITH A DROP SHIPPING BUSINESS: Digital haical 10 ideas
DROP SHIPPING BUSINESS:

3- START A MONEY MAKING BLOG

Starting a blog is one of the best way to earn passive income. I know, there is an initial investment of time and money upfront, but once everything is set up, expect to earn good money from your blog for many more years to come.

You can start making passive income through affiliated marketing, selling your info products, starting a membership site or having ad placements on your blog.

START A MONEY MAKING BLOG: Digital Haical 10 Ideas
START A MONEY MAKING BLOG:

4- GET PAASIVE SAVING WITH THE TRIM APP:

Trim app is a free money-saving app that will track your subscriptions and cancel the ones you no longer use so that you can have more money in your pocket.

Related Article: 7 Ways that you can start get traffic to your blog or website

See trim is a financial manager working 24/7 to save and make you money. Money Pantry has a detailed Trim review and shares how this app can lower your bills and cancel old subscriptions.

GET PAASIVE SAVING WITH THE TRIM APP: Digital Haical 10 Ideas
GET PAASIVE SAVING WITH THE TRIM APP

5- WRITE AN E-BOOK

If you are looking for more ways to make passive income, you can start writing e-books and selling them for profit.

Buy Novel Now: Little Fires Everywhere: A Novel

E-book publishing platforms like Amazon Kindle or CreateSpace make it possible for you to write e-books and sell them at a fee. I understand that they pay you royalties depending on the number of books sold in a given period, but you can also use SendOwl if you want to receive the full amount. Although SendOwl has a monthly fee.

WRITE AN E-BOOK : Digital haical 10 ideas
WRITE AN E-BOOK

6- GET PASSIVE RESIDUAL INCOME FROM ONLINE COURSES

If you are knowledgeable about a particular topic, subject or interest, you can record videos or create PowerPoint presentations then sell them as courses on Teachable, Thinkific or Udemy.

Related Article: 7 Ways that you can start get traffic to your blog or website

A platform like Teachable has robust, built-in features that allow you to create courses, enroll students and collect payments through PayPal / Payoneer or to your bank account.

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If you have a course that you want to sell and are not sure where to host it, I encourage you to give Teachable a try. Online courses can earn you lots of passive residual income for years to come.

GET PASSIVE RESIDUAL INCOME FROM ONLINE COURSES: Digital Haical 10 Ideas
GET PASSIVE RESIDUAL INCOME FROM ONLINE COURSES

7- MAKE PASSIVE INCOME WITH AFFILIATE MARKETING:

Affiliate marketing is the best way to make passive income for people who do not have a website. If you do not know what affiliate marketing is.

Related Article: 7 Ways that you can start get traffic to your blog or website

This is where you promote other people’s products and earn commissions when customers buy through your affiliate link.

Purchase From My Amazon Link:  Ultra ThinLED Monitor

Some products just have one-time offer but others earn you commissions for as long as the customer is using the product.

MAKE PASSIVE INCOME WITH AFFILIATE MARKETING: Digital Haical 10 Ideas
MAKE PASSIVE INCOME WITH AFFILIATE MARKETING

8- SELL YOUR PHOTOES ONLINE:

If you have got talent and can take beautiful pictures, selling your photos online can be a great source of income for you. Stock photo sites like iStock will sell photos on your behalf and send you checks every single month, mostly in royalties.

SELL YOUR PHOTOES ONLINE digital haical 10 ideas
SELL YOUR PHOTOES ONLINE

9- CREATE A YOUTUBE CHANNEL

If you are knowledgeable about a particular topic and feel confident in front of the camera, you can start a YouTube channel and generate lots of passive income. Your videos can be on any topic so long as there is a market for it.

My Vlogging Channel: SR Haical VLOGS

PewDiePie is a YouTube channel that generates millions every single year and the guy is just records himself playing video videos in no particular order.

CREATE A YOUTUBE CHANNEL digital haical 10 ideas
CREATE A YOUTUBE CHANNEL

10- FIND OUT IF STORES OWE YOU MONEY

I know you shop online all the time, but did you know that you can get refunds when prices of those products drop?

Yes. We have an amazing app called Paribus that gives you refund on all your online purchases.

Related Article: 7 Ways that you can start get traffic to your blog or website

Getting started is quick and easy. Just sign up for a Paribus account then connect it to your email address. The app will track all your online purchases from now on. Whenever there is price drop on the items you purchase, Paribus will get you a refund.

These products can be about anything, so long as there is a market for it. You can sell dresses, toys, kitchenware, camping materials, you name it.

Watch My Story:

Whenever a customer makes an order, you reach out to your manufacturer or supplier then they send the product to the customer directly.

Make sure price you are selling at is higher than the price you are getting the products from the manufacturer.

FIND OUT IF STORES OWE YOU MONEY digital haical 10 ideas
FIND OUT IF STORES OWE YOU MONEY

FINAL THOUGHTS

After going through the list, I believe that you now know how to make passive income online and you can choose the best passive income ideas to bring residual income in 2020.

Related Article: 7 Ways that you can start get traffic to your blog or website

Creating passive income is as easy as doing 1, 2, 3. The internet has bought to light so many forms of passive income ideas to help you supplement your income.

As I mentioned earlier, you will have to invest in some of these upfront before you can receive rewards passively. So, take note of that before getting started

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  1. Pingback: Are You Failed In Getting Organic Growth on Instagram 2020

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