Hunting for passive income ideas that will make you rich while you snore? You’ve landed on the right runway. In this tutorials, you gonna learn about work from home jobs.
Well before simply listing down the ways and methods to do so, let me try and illuminate what exactly “Passive Income” means (and what it doesn’t mean).
Here are some profitable small business ideas which you can start from home.
Table of Contents:
What is Passive Income?
Many people confuse Passive income with “Free money”, well it’s not. Passive income simply means income which keeps flowing in, without you having to actively keep working on it.
That in no length and breadth of sense means you can simply go to bed and never look back at your income source again. You still need to maintain, track, analyze and improve it. These are the best 10 passive income Ideas to use for making money.
So Passive income is simply the kind of income which needs a one-time setup, and very little work on it afterward, but it still does need work.
That being settled, let’s take a look at some of the best income sources, with the maximum ROI /Profits potential that you can start from this second (or the next couple days) in a whip!
1. Start a Blog:
A blog isn’t just a place where people write off what their hobbies are, not anymore at least.
It’s a full-fledged business, one with more potential than quite a few 9-5 jobs combined. You can check here: How to start a blog in 2019 (Step-by-Step).
Although, there’s competition, and it’s not “easy” to be honest. But once it’s up and running, and you’ve put in the effort you need to, you can sit back and relax, except checking your payment notifications. To reach this level you need to make sure that your posts are informative, unique and explained well with the use of visuals. It will be best when you create infographics and visuals on your own.
The best part is, you don’t have to put down a lot of investments on starting a blog either, most successful blogs today making well over a 100,000$/month were started off with an investment of not more than $100/year!
A “Blog” in itself doesn’t make money, but the money comes in from Advertisements, Affiliates, Course-selling and the list goes on and on. There are many freelance writing job sites where you can make money by writing for other blogs too.
Either way, the route to making money with a blog, starts with you “Starting” a blog, and the reason it’s listed #1 on this list is, a blog can be used to open up and invent quite a few passive income methods by itself!
Here’s a sneak-peak to PattFlynn’s income reports, who makes well over $100,000 on an average each month, just in case you need some motivation.
In a nutshell:
- Maximum StartupInvestment Required: $100.
- Investments: Domain and a Server. (Custom Theme – Optional).
- Potential- $10-100,000 +
- Time Required for Initial ROI: 3-6Months.
2. Write an E-book:
E-book business is thriving, the initial investment is basically just that you need to be able to actually provide value, and write, a lot (or you can hire a writer to do the typing job for you).
Apart from that, except the cover-design, there isn’t much investment for you to make.
Once the E-book is done, you can promote it on your blog, or via Social Media ads/groups or posts.
It’s “passive income” in the real sense because once it’s published, you don’t ever need to change or work on it ever again, and it keeps bringing in money for nearly forever.
In a nutshell:
- Maximum StartupInvestment Required: $100
- Potential- $10-100,000 +
- Time Required for Initial ROI: Instant.
- Investments: Text, Design, Promotions
3. Data Gathering Lead Pages (Inquiry Forms):
These are simple landing pages, designed to gather data from local in your neighborhood, district, state, or country (the radius really depends on your own preferences).
The idea is, to capture details such as age, preferences, eating habits or basically anything else imaginable to the human species, using landing pages, and then selling that to real, physical stores in your locality.
You can sell this data to food delivery stores, dentists, lawyers, accountants and basically everyone else.
Those people pay you for the data because buying the data in bulk is cheaper for them, but by turning those leads into customers they’d be making money off every single lead which results in massive ROI for them as well.
In a nutshell:
- Maximum Startup Investment Required: $50-100
- Potential- $1000+
- Time Required for Initial ROI: Instant.
- Investments: Landing Page Builder, Domain, Server.
4. Paid Forums:
Ever heard of STM? Well, it’s one of the most popular, most highly sought-after forum for Affiliate Marketers across the globe.
If you think you have the juice to deliver quality, and can get other industry leaders out there related to your niche to join the forum, it can really be a retirement plan for you.
And I’m talking millions!
People literally pay hundreds of dollars per month, simply to continue their memberships to these forums.
Why?
Well because it’s where they get to learn the nitty-gritty details and tricks which aren’t available out there on the web for free.
The only trick here is to make sure your forum is really worth joining. Apart from that, the other investments are stripped down to the bare minimum, all you need is a domain, and a server, coupled with a forum developer.
In a nutshell:
- Maximum Startup Investment Required: $100 -150
- Potential- $100,00,00+
- Time Required for Initial ROI: Instant.
- Investments: Domain, Server, Script for Forum (or hire a developer).
5 .Podcasts:
It’s for those of you who saw the “E-book” option on this list, and were like “Ah, I’m not into writing all that stuff”.
Well, it’s the same thing as an E-book, just the “audio” version of it, although there can be some other differences based on your presentation and format.
But it all boils down to, recording value, giving it out to people, for a price.
Is it passive?, Well you just have to record it once, and keep selling it forever. I believe that does fall under the passive category.
In a nutshell:
- Maximum Startup Investment Required: $150-200.
- Potential- $100,000+
- Time Required for Initial ROI: Instant.
- Investments: Good recording equipment, membership for a podcast selling platform.
6. Drop Shipping:
This one isn’t as easy as the other options on this list, but it sure holds quite a bit of money.
It basically is the process of setting up an online E-commerce store, complete with all the products and items you wish to sell.Then, setting up a partnership with another supplier/ platform (Amazon for example).
The buyers would buy the product from your site, and pay to you directly, you pay a fraction of that amount to the supplier, and keep the rest to yourself.
It’s slightly complicated because setting up such a store and keeping it updated isn’t quite as simple as writing an E-book, but then again it’s still an option.
Note that there are many different versions and ways how Drop-shipping can be done and it’s not limited to just this one format we’ve talked about.
In a nutshell:
- Maximum Startup Investment Required: $100-$500+.
- Potential- $10,000+
- Time Required for Initial ROI: Instant (delayed if the organic ranking is involved).
- Investments: Domain, Server, Store developer, promotions.
7. Affiliate Marketing:
One of the most profitable, and most-widely mode of passive income is Affiliate Marketing.
The potential is literally Millions of dollars. And the concept is pretty easy to understand as well. You sell someone else’s product and get paid a commission to do so.
Also, there are more than one ways to implement the method and hence the popularity.
One of the ways is to signup on Amazon as an affiliate, review their products on your site, and make money off every sale.
It literally turns into millions of dollars in conversions if you’re able to rank for a high-ticket product.
Well if not Amazon, you can still go for digital products, absolutely everything. You may partner up with a popular E-book author on Jvzoo, or sell a software for a commission.
Also, selling hosting servers, or even forum memberships for other forums pays out huge! (As much as over $500+ in commissions for one single sale).
Some good platforms worth joining:
- com
- com
- Individual Affiliate Networks.
The only slight bend in the road is that most times if not always, the product owners or companies do not let you run ads, or bid on their keywords.
Hence, organic ranking becomes the only way to make money off Affiliate Marketing (not always), and ranking takes time.
But once the site ranks, it’s literally free money.
In a nutshell:
- Maximum Startup Investment Required: $100
- Potential- $100,000+
- Time Required for Initial ROI: Couple weeks to 2-3 months. (If you’re going with organic rankings).
- Investments: Domain, Server.
8. Resell Digital Assets:
Hereby Digital Assets, we mean space on a popular website, or maybe a link? The point is, companies, especially digital startups (server companies, VPNs, etc) spend a FORTUNE on promotion.
They pay as much as high 4 figures, in USD /month to websites simply to write good stuff about them, or to advertise their banners on the websites.
You don’t actually have to own the websites or portals where they wish to advertise themselves. Simply pitch them a mail detailing why a certain website will be good for them, and close the deal on a specific amount.
Then, contact the admin of the website, and get them to advertise the product for a lesser price than the company actually paid you.
You do this once, and the payment keeps coming in on a monthly basis. Over time, when you have quite a few companies in your portfolio, this could really turn into a very solid money-making machine.
It’s passive because you only have to pitch a company once, and don’t actually have to do anything yourselves, apart from taking the money and sending the agreed price to the website owners.
In a nutshell:
- Maximum Startup Investment Required: $0.
- Potential- $10,000+
- Time Required for Initial ROI: Instant.
- Investments: None! (An E-mail marketing tool can be used, although it’s not mandatory).
9. CPA Marketing:
One of the other, truly million dollar potential and “passive” ideas is CPA marketing.
It’s the same thing as Affiliate, although the difference is with Affiliate Marketing you actually have to get a “sale” to make a commission, while with CPA marketing there’s no such hard and fast rule.
CPA is the abbreviation for Cost Per Action, so you might get paid for a click, a view on a video, collecting E-mails, or anything else, the whole “sales” factor is removed from the equation.
Let me tell you, it’s not “very easy”, but doesn’t need you to climb mountains either. The only rub is, it’s a lot faster and more profitable if you have some funds to invest on the traffic source (Bing, Google, 7Search etc).
Some CPA platforms to join:
- com
- com
- Neverblue
In a nutshell:
- Maximum Startup Investment Required: $100-$500
- Potential- $100,000+
- Time Required for Initial ROI: Instant.
- Investments: Traffic source, optional- Domain, and server for offer page.
10.Build an App:
Okay, this one is probably the hardest and most hard-core approach to passive income, but it also probably is one with the highest potential.
Building an app doesn’t need million dollar funding anymore, although even then you’d need some cash if you’re not a developer yourself.
If you are, it’s literally free for you even though it might take more time as compared to hiring a team of developers.
Anyway, build an app for iPhone or Android, and make sure it’s unique, never-before kind of idea, and if you’re lucky it might just turn into a goldmine.
Here are some real-life App Millionaire stories just in case you need that extra punch.
In a nutshell:
- Maximum Startup Investment Required: $100-$1000
- Potential- $100,000,00+
- Time Required for Initial ROI: Instant.
- Investments: Developing the app, Marketing.
Final Words:
So those were the 10 Passive Income Ideas to Start Making Money from Tomorrow Itself. Now even though most of these provide for an Instant ROI, it doesn’t mean they’ll make you a millionaire in the next couple days, weeks or even months. They simply have the potential to do so, but it still needs time, and quite a bit of effort from your side. Hope you’ve liked it and give a share to help who need it. Thanks!
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