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Passive Income Ideas

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What are the best passive income ideas for people with no money (no real estate/no houses to rent/no savings)?

The idea of making money while you sleep is appealing to everyone. There are a number of ways to make this dream a reality, but before we dig into that, let’s first address the common misconception about passive income.

A lot of people hear “passive income” and immediately think, “I have no money.” Don’t worry! We’ll show you how to make money from scratch, because anyone can start earning passive income with the right ideas, commitment, and work.

First thing’s first: there’s no such thing as truly passive income. While it’s possible to make money without having to do any work (like through a trust fund), that money will come from somewhere—and you can’t just expect it to fall out of the sky.P

Passiveincome takes time, planning, and a little bit of setup before it can begin bringing in cash flow. Once it starts working for you though, that initial time and effort pays off because your income becomes residual.

Are you feeling like a big pile of nothing because you don’t have enough money to get started making passive income?

If you are looking to generate passive income but don’t want to touch real estate or savings, there are still plenty of options for you.

Well, you’ve come to the right place. With these 14 ideas, we’ll help you turn that “nothing” into “something.”

1. Write and sell an ebook.

person using laptop

The best way to make money online is to write and sell an ebook. And, if you’re a writer, this can be a great way for you to make extra cash!

Why write and sell an ebook?

Ebooks are a great way to make money online because they can be read by millions of people around the world. The only limit is your own creative ability. It is a type of book that can be downloaded in digital format and read on computers, smartphones and e-readers such as the Kindle and Nook. You can either write or purchase an ebook and then sell it through Amazon and other sites like Barnes & Noble.

If you’re a writer, writing your own ebook is a great way to make money online. However, if you don’t want to spend the time writing one yourself, you can always buy one on Amazon or other sites that sell ebooks.
Writing books can be a lucrative way to make money online.

Checkout -Best Side Hustle Ideas in 2022

There are many ways that you can make money online today, but one of the most popular is writing an ebook. Sure, the competition may be large and the publishers many, but here are some tips on how to stand out from the crowd and make money online with your own ebook:

Plan your book in advance. Know who your audience is, what you’re going to write about, and how long it’ll be before you actually start writing. Having a plan will help you stay focused and ensure that you don’t forget anything important.

Write a catchy title. Ebooks must have titles that are catchy enough so that people will want to buy them. Market research should help you understand what keywords or phrases people might type into a search engine when looking for your topic. You can then use these words in your title or subtitle to attract their attention.

Create a cover for your book. A good cover will help sell your book, just like a great story does! You can either hire a graphic designer (or find someone on sites like Fiverr, or use software like ClickHomeIcome) or use one of the many free templates available online.
Write something of value.

2. Build an app and put it on the app store.

black and silver laptop computer

There are hundreds of ways to make money online, but there’s no doubt that one of the most effective is app creation. With the rise of smartphones, tablets and other mobile devices, apps are quickly becoming a way to build a business.

The best part is that you don’t need to be a computer genius or even know how to code If you are a software developer and have the ability to build an app, then you can make money by selling it on the app store. The beauty of this method is that once the app is built, there are no ongoing costs to maintain or update the app.

The most common way to make money from an app is to charge for downloads. This means you need to create an app that people want to download and use. It will take time and effort to do this, but if done successfully, it will pay dividends in the long run.

Another way to make money from an app is to sell advertising space within it. This could be through banner ads or “in-app” offers. You will need a large number of users in order to make this work, so it might make sense to start with downloads first and “monetise” later when your user base grows.
There are plenty of tutorials out there that teach you how to build an app — but if you just want to know the basics, here’s what you’ll need:

App ideas. This might be the hardest part. You can’t just go into this blindly. What do you want your app to do? What problem does it solve? Are people going to pay for it?

A development team (or knowledge). You don’t have to code everything yourself. Find a development team or learn how to write code on your own. Whatever you choose, take your time with this step and make sure that everything works properly before moving on.

A designer (or design skills). Apps are more than just coding — they have to look good as well. Whether you’re looking for a graphic designer or learning design yourself, spend time in this stage working on prototypes until they looks perfect.

3. Create a blog and monetize it with ads or affiliate marketing.

If you’re serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.

Affiliate marketing works when you promote other company’s products and services on your website and allow your visitors to make purchases on their websites by clicking your affiliate links. When they do so, you earn commissions from these companies for referring sales.

Blogging can be a great side hustle. Though the income may not be steady and it can take awhile to get rolling, there are a few steps you can take to ensure success.

Once your blog starts getting some traffic, you can leave the free version behind and create a self-hosted WordPress blog by signing up for cheap web hosting(Namecheap).
You’ll also want to make sure people can find your site via search engines like Google.

4. Make crafts and sell them online or at your local flea market.

person holding knife

Sell your crafts on Etsy or at your local flea market.
Even if you don’t have a crafty bone in your body, you can still make money online. Here is a sites to sell your homemade items:

Etsy is the largest online marketplace for handmade goods. It’s the perfect spot for crafters, artists and vintage collectors to show off their wares and make an extra income.

If you’re looking to open an online store to sell crafts, it has all the tools you need including a shopping cart and secure checkout. They charges a 20 cent listing fee and 3.5 percent commission on sales, and it’s free to sign up. You’ll need to provide basic information about yourself as well as details about your products, including photographs, descriptions and prices.

5. Go through your old things and sell them on eBay or Craigslist (or just donate them).

There’s a good chance you have some old movies, video games, electronics, or other items that you’d be willing to sell. You can even make money selling items that you no longer use by holding a garage sale. However, if you want to make money from your used items without leaving home, consider selling them online.

You can sell just about anything on eBay for a profit. Just search for an item in the search box, and then choose to see completed listings. This will show you how much similar items have sold for in the past, giving you a good idea of what price range to expect.

If you don’t want to use eBay, or are uncomfortable with it for any reason, Craigslist is another option. It’s local only and there are no fees involved.

6. Start doing paid surveys with Survey Junkie (they’re free, easy, and fun!).

The internet is filled with online survey sites, but you have to know which ones are legit and which ones are junk. To save you the time and effort of sorting through the thousands of options out there, we’ve picked out some to review that are well-known, reputable and proven.
One site you may have heard of is Survey Junkie.

What Is Survey Junkie?

is a free online community for people who enjoy sharing their opinions about products and services. Members complete surveys for money (or gift cards if they don’t want cash) from major brands across a variety of industries.

While you won’t make a full-time income from filling out surveys, it can be an easy way to earn a few extra bucks each month — or even more depending on how much time you want to dedicate

7. Create a video course and sell it on Udemy

Video courses are one of the most valuable ways to make money online. Video is the best way to learn because people can see what you’re doing and follow along exactly, step by step.

If you’re not sure what to include in your course, check out other popular courses on Udemy and see how they break things down into steps

Start from the top down. Think of the primary benefit your readers will receive from taking your course. Write that down. Then think about the next biggest benefit they’ll get, and write that down too. Until you’ve got everything written out, don’t start creating your course.

Checkout -How do I make an online course from home?

Get organized before recording. The best way to organize a course is to break it into sections, then chapters within those sections. Once you’ve decided what’s going to be included in each section, create a table of contents so you can easily copy and paste information as needed when recording your videos.

Pick the right software for recording video courses. Mac OS X has built-in screen recording software called QuickTime and Windows 10 has something similar (called Xbox Game Bar). But I recommend using Camtasia (for PC) or Screenflow (for Mac). These programs make it easy to record

Udemy instructors earn about $9,000 per month on average, with some of the most successful selling over $100,000 a month.
You can even import content from YouTube so you don’t have to re-create the wheel.

You get access to Udemy’s large audience of potential students, and they handle all of the marketing so you don’t need to worry about creating a website or driving traffic to your course.

Udemy takes a cut of each sale (their fee ranges from 25% – 50% depending on how much you promote your course), but they do all the work of acquiring students so you don’t have to think about that.

If you already have a blog, podcast or YouTube channel, then creating a video course could be an excellent way to supplement your income with another revenue stream.

8. Sell your photos online

Making money online has never been easier. If you enjoy taking photos, and you have a keen eye, why not make some extra cash selling your photos online? There are dozens of microstock photography sites that will pay you for your photos.

These sites tend to offer less per download than other stock photography sites but the trade-off is that you can upload as many photos as you like.
Shutterstock has over 50 million royalty free photos for sale. You can browse and buy them on their site or download them directly from Adobe Stock and use them in Photoshop.

Adobe Stock also has millions of royalty free images for sale on their platform. Unlike Shutterstock, there are no downloads, everything is web based.

9. Create a drop shipping store through Shopify

One of the most popular ways to make money online is by creating an e-commerce store. Shopify is a simple and powerful platform that helps people start and grow their own business. With over 175,000 active stores, there are plenty of opportunities for you to get involved in this growing market.

Drop shipping is an arrangement between you and a supplier that allows you to sell their products online at a retail price. When your customer places an order, the supplier ships from their warehouse directly to your customer, bypassing you entirely. You only pay the price of the product, plus a small fee (usually $5-10) for each product sold.

This means that you don’t have to invest in expensive inventory or worry about shipping products yourself. You can focus on sales and marketing, which makes it easier for you to scale your business as quickly as possible.

10. Write and sell an audiobook on Audible, Amazon, or iTunes

Audiobooks are in high demand, and they’re booming. Audiobook consumption is up by 44 percent in the past five years, and Audible.com (owned by Amazon) has sold more than 100 million audiobooks since it was founded in 1995. With Amazon buying Whole Foods, the already-hot market for audiobooks is bound to heat up even more.

Now you can get your piece of the pie with a single audiobook. Of course, you can write a novel or nonfiction book that’s over 200 pages long and then record it into an audiobook using apps like Audacity or GarageBand, but that takes a lot of time and effort — not to mention skill.

It can be much easier to simply read the existing content of short books online out loud — anything from blog posts to legal documents — and convert that into an audiobook.

How much can you make?

As a general rule, audiobook publishers pay authors 50 percent of the production costs. So if the book is sold on Audible for $20, the author would get about $10 per sale. If it’s an exclusive deal, Amazon takes 70 percent (so authors would get $7).

You can make money online by selling on several different platforms, including:

Amazon. You can sell both digital and physical products on Amazon.

Audible. You can create an audiobook to sell on Audible and iTunes.

Blurb. If you’ve written a book and want to sell it online, you can create a book with Blurb and sell it on Amazon.

CafePress and Zazzle. You can use these two websites to create and sell customized T-shirts, mugs, posters and other merchandise.

Craigslist. You can sell almost anything on Craigslist, including your old clothes, furniture or car.

Decluttr. You can turn your old CDs, DVDs, video games and electronics into cash with Decluttr

Etsy. You can make money with Etsy by creating crafts to sell on the site. Or you may choose to be a seller of supplies for other crafters to use in their creations.

11. Create a YouTube channel

If you want to make money online, a YouTube channel is one of the best ways to do it. YouTube has over 1 billion active users and over 1.5 billion unique visitors every single month. Every day, hundreds of millions of hours of content is viewed on the platform.

One popular way to earn money on YouTube is through sponsorship deals with brands that want to reach your audience. To get started, you’ll need to apply for and be approved for the Google Partners program.

Another option is through ads, which are placed automatically on your videos by YouTube based on how relevant they are to the viewer. Currently, YouTube offers three different types of ads: skippable in-stream ads (pre-roll), non-skippable in-stream ads (pre-roll), and bumper ads, which are non-skippable 6-second spots that play before a video starts.

YouTube also offers paid channel subscriptions and paid memberships features to help you monetize your content even further.

Conclusion

We hope this article has helped you to get your first few passive income ideas rolling and that you start making money as soon as possible. The best way to implement these tips is to create a plan on how you are going to execute them, then get started right away. Good luck!


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