Passive Income Ideas For Starter

Generating passive income is not as easy as some people think and it is also not very difficult as some people believe. There are different ways to build passive income and whether you can build passive income through these methods or not depends on a lot of things including your skills and knowledge. If you do not have skills, you cannot build passive income. The more passive income sources you have the better you are positioned financially. For a lot of people active income will be enough just for paying bills, they cannot use active income to invest money, buy property, or enjoy life by buying luxuries or going on a vacation. However, if they have passive income, apart from active income, they will have money not only to live comfortably but also enjoy life. If you have multiple passive income sources, it will be easier for you to built your wealth.

As far as I know, there are two ways to generate passive income, one, by investing and two, by creating your own product. When you invest, you will earn return on your investments. For instance if you invest in stocks, you earn dividends. When you create products, you earn profits through sales. In the beginning you will have to work really hard to generate sales but once sales start picking up, you will start profiting with little effort. If you cannot create your own product you can hire someone to do it for you.

Passive Income Streams: Blogging, Vlogging, and E-Commerce

If you want to build passive income without investment or with a little investment, some of the highly lucrative avenues are blogging, vlogging and ecommerce. Passive income can be generated through blog monetization, video content, selling various products through your own store or ecommerce marketplace. Some ecommerce methods do not even require to create your own products or fulfil your orders, you can use ventures like print-on-demand and dropshipping. You can create a blog and regular publish high quality content and do SEO to bring you revenue. You can also diversify passive income streams through various video sharing platforms and ecommerce marketplaces.

What are common ways to build passive income?

Generally speaking, you can build passive income through three methods:

Investment: Investing is one of the easiest ways to build passive income. You can put your money into things like real estate, stocks, bonds, Mutual Funds, ETFs, cryptocurrencies, etc. to earn passive income without actively working.

Create a product: You can also generate passive income if you create a product that sells. Your product could be ebook, software, digital products like templates, blog, vlog, etc.

Business: Another way to earn passive income is by starting your own business. In the beginning you will have to work hard but gradually it will convert into passive source.

Investment is the best way for beginners to build passive income but there are two challenges: you need a good amount of money to start investing, and there's always a risk that you might not make a profit. Starting a business also can be a good passive income source for beginners provided they have skills but you need money to start a business, and it takes a lot of hard work and time to get it up and start making profit. It could be years before you start making passive income.

What is the Best Platform to Make Passive Income?

You can make passive income through multiple methods and multiple platforms, but what do you think is the best platforms to make passive income? Well, if you are looking for an easy platform and a free platform to earn money without putting in a lot of active effort, Amazon is a great choice. You can make passive income on Amazon through multiple method, from ebooks, affiliate marketing to selling merch

Youtube is another great platform for passive income. It takes a long time to build subscribers and views but once you managed to grow big, you will earn from the same content again and again. In my opinion, the best way to make passive income is through youtube. It is easy if you have the interest and skills to create videos, and it also makes you a lot of money. However, you will have to work for free for many months before you start generating income.

Passive Income Ideas For Starter

If you don’t have any passive income sources, and you want to work on passive income methods, here are three easy ideas:

Create a dropshipping store by using Printify, Teespring, or Printful

Print On Demand is a business model where you create designs and use these designs on house hold products (cups, mugs, doormats, etc.) clothing items (t-shirts, sweatshirts, etc.) or accessories (bags, phone cover, mouse pad, etc.) and make money by selling products. Selling print-on-demand products can be done through platforms like Redbubble, Etsy, Ebay, Zazzle, Amazon, etc. This is completely a passive income stream because you do not manufacture or ship products. . One design can be printed on various items like t-shirts, mugs, or phone cases, generating ongoing sales. Everything will be handled by the platform you are using. You can even scale it to a significantly higher level.

Printify, Teespring, or Printful are print-on-demand markets where you can design clothes, coffee mugs, bags, caps, etc. You can sign up on these platforms for free, create products by uploading your designs and then after the products are created, connected these markets with your store and sell items from your own store. As far as creating design is considered, you can go to Canva or Photopea to create your designs.

Start Writing

Writing is a good method to build passive income. Your books, ebooks, online articles, and blog posts can build passive income. Publishing books and ebooks on Amazon is also a good way to generate passive income if you are a writer. But even with this method, you need to work hard to market your books, you might even have to spend money on ads.

Graphic Designing

Graphic designing can also be used to generate passive I come. As a graphic designer, you can create digital art and graphics and sell through digital markets. You can sell the same products again and again to build passive income. It is not easy to build passive income through graphic designing but you sure can build passive income.

Create a Digital Course

If you managed to create a course that is selling like hot cake, you will generate passive income through your course. If no one is buying your course, you make no money. In order to make a best-selling course, you will need elaborate skills in various areas, you might have to record a video, make podcasts, write the course materials, design graphics, create slideshows, etc. You also need SEO and digital marketing skill to sell your course. Investing is a relatively easy method to make passive income but in order to invest and earn good profits, you need to invest a lot of money, furthermore, the investment will not always yield profits. It might result in a huge loss.

6 Most Profitable Passive Income Ideas

Vending Machine: If you set up a vending machine in a busy location, your vending machine can literally print money for you. There is no work needed except collecting your cash and filling up your machine

Print-On-Demand: You will be selling different kinds of products without actually spending money on manufacturing or sourcing, you don’t even have to package and ship the product. All you need to do is design the product and then start promoting your product listing.

Real Estate: This requires money, however, if you have money to buy properties, you can make money by collecting rents.

Rent your room or apartment through Airbnb: If you own a property, this is another way to make passive income through your property.

Invest in someone’s business: Purchase equity in a start up or a business or buy stocks through stock market, in both case you make passive income.

Government bonds: Buy government’s bonds and securities, by doing so you will receive passive return on your investment.