You have a job where you work between 9 am and 5 pm and you have a steady income that will drip even if it does not flow. But this is not enough for you. Need more money, freedom or flexibility? This article discusses 11 Business idea on how to earn passive income without risking quitting your full-time job. Thanks to the ideas here, you can even get into a situation where you can make money without working one day and you can achieve a life beyond your dreams. Although some of the methods we will discuss in our article require some work at the beginning, they can make you money after a while without any work.
1) Prepare an online course
For example, if you are an expert in a subject, you can make money by preparing a video lesson on this subject. It is possible to sell the course you created on some platforms that you can research on the Internet for a certain commission.
Moreover, you can theoretically earn indefinitely from this one-time course. If you are looking for a lucrative passive income model in the long run, preparing online courses may be just for you. Online course sales are a very popular source of passive income. The reason for this is the size of the potential of the education sector.
You can make such a sale either on your own website or through Udemy and similar platforms. I am sure you will easily find customers who are eager to learn the tips and tricks you have to offer.
2) Investing in stock market and stocks
Take a look at the world's richest people and you'll see that behind the scenes of their full bank accounts, stock market and stock investments play a big part. While the act of investing in the stock market and stocks is fairly simple, even effortless, the research involved will require you to be extremely active.
For example, the big name of the investment Warren Buffett says that he owes his success in this field to reading 500 pages a day. However, this is no ordinary novel reading activity. Buffett claims that he has the knowledge to evaluate the performances of both his own business and rival companies by reading the annual reports of companies. Not to mention that this helped him develop his ability to invest in stocks!
Sounds incredible, doesn't it? Equity investments allow you to reach a passive income that is much more than the value you will gain from your job from 9 am to 5 pm. Therefore, if you enjoy reading about financial matters or the performance of businesses, investing in stocks and the stock market will be just right for you.
3) Open a blog
Bloggers are among the most popular passive income ideas. The biggest advantage of blog pages is that they can host several different income streams at the same time. Because blogs help you earn passive income through courses, sponsored posts, product sales, and more. However, creating a successful blog can take considerable pre-work.
However, you can create a solid target audience through your organic visitor traffic, links to your social media accounts, or creating an e-mail list, and in return, you can generate a sustainable income. Let's say you're starting a finance-themed blog to make personal finance conversations more accessible. On this platform, you can share many personal stories and publish articles that will touch people's financial lives.
Your advertising earnings will increase as people discover your articles, and moreover, as they begin to streamline their finances thanks to you. The easiest way to get ads on your blog is to register with "Google Adsense". In this way, you can place Google codes on your blog and start earning money per click. The income you will earn will vary depending on the quality of your site and the number of visitors.
4) Make videos on YouTube
You don't have to travel everywhere with a camera in your hand. For example, you have experience in clothing and tailoring. How to tie a tie? How to sew cufflinks? how to tie shoes You can see with your own eyes that even the videos on the most basic topics such as You can generate advertising revenue by setting up a YouTube channel on anything you can think of, from cooking, graphic design, carpentry, gaming and product review.
5) Take a stock photo
Although being a photographer may seem like a job that requires being active all the time, the reality is not at all what it takes. Photographers don't make money just by taking pictures. They can also earn income from the sale of the photos they have already taken.
How Does? Stock photography, magazine photography or canvas printing are the main business areas of the photography industry that make big money. All you need to get started is a camera with which you can take great shots.
You can even use your phone to take pictures these days; You can take high-quality product photos and market them to e-commerce businesses. For this you need a good product photography course, a smartphone and a pinch of inspiration. If you like to take photos and think you are talented in this field, you can start your own business; With the support you will receive in advertising and marketing, you can turn this talent into a solid income door.
6) Make Invest
Let's say you're going to build a house. You laid the foundation of the house. Then this foundation automatically built the walls, and on the walls it built the roof itself. Don't you think it would be great?
There is a life-changing power to invest, a scientifically proven method. Moreover, you have many options to start investing. Of course, depending on the amount of money you have and reliable investment options, you can start with 20 USD or 20,000 USD, and you can start multiplying your money by investing.
If you are interested in passive income in crypto money, you can take a look at our BNB VAULT article.
7) Develop application
You can learn to code in your spare time. There are countless degrees of free courses on software. In other words, you can develop your first application by learning to code on YouTube. Of course, the important thing is to develop a useful or fun application that people really want to use. Then, whether you sell this application for a fee, you can offer it for free and earn money from advertising revenue.
8) Keep your money in a high interest account
You can open a savings account in any bank. For example, if you have $20,000 in cash, you should keep it in the bank rather than hiding it under the pillow. Banks' time deposit rates may vary, but in any case, if your money stays in the bank, it will increase at the end of maturity. For this, we recommend that you research the banks that offer the most attractive interest rates.
9) Enjoy the blessings of Instagram
Do you love Instagram? Then you can use the time you spend on the platform in the most efficient way possible and create a solid passive income for yourself.
How Does? The great thing about Instagram is that you can create a custom page for literally anything here. It is possible to have a page with high interaction power and number of followers on travel, fashion, beauty, home decoration, astrology or dog care and similar topics. Sponsored posts that you will include on your page can help you create a solid income source.
10) Create your own music
Are you talented in music? So why not use this ability? You can create your own music and monetize an audio track as simple as an ad soundtrack or a Podcast entry. When you realize why businesses are so keen on trying to find the sound that's right for their brand, you'll better understand that creating your own music and trying to serve that need is a great way to make some extra money.
If you want to create your music and earn some passive income from royalties, you can license your tracks through platforms such as "SoundCloud" and "Audiosocket". At this stage, all you need to do is to research your target audience deeply and learn trending content that will appeal to them. Then you can build your portfolio based on these trends.
11) Play games
Let's say you are into games. You can upload the video of the games you play to YouTube and add the comments you make while playing the game to the video. With over 100 million subscribers, the most subscribed channel on YouTube is a gaming channel and consists of gaming videos.
The owner of the channel, "Felix", is on his way to becoming the first name on the way to become a dollar billionaire by playing games. Similarly, you can use Twitch instead of YouTube. Twitch is a video platform for independent broadcasters, and on Twitch, your subscribers can donate to you financially. In other words, after a 30-minute GTA 5 video, the probability of making good money from your subscribers is not low at all.
Finally; You can find many passive income opportunities like this by doing research on the internet. There are so many ways to earn passive income, it is not possible to list them all here. However, we will try to inform you with similar articles when we have the opportunity.
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