Can you earn money while you sleep? Yes, I know very well that this is something crazy. But the best passive income ideas make it possible to earn money while you sleep or travel.
I worked in many traditional 9 – 5 jobs for many years. But could not to make more money, though I worked in the weekends and late night as well. I had little money in my bank account.
So I knew that I had to change my life-style as quick as possible. I wanted work freedom and started thinking about passive income ideas.
The average millionaires are estimated to earn money through several sources like several streams. It never meant that you need to work in several jobs to make more money or passive money.
Most of the millionaires have found out the additional streams of income through passive income ideas other than their main job or mainstream.
I always believe in the quote that If you do not find a best way to generate money while you sleep then you will surely work until you die.
I had heard that many people started quitting their day job and making passive income. But I was not sure that where to start.
It’s clear that passive income concept is highly misunderstood by the people.
Please keep in your mind that passive income streams must need your dedication, hard work and lot of nurturing in the beginning.
You’ll see your passive income ideas will start work and able to maintain themselves. This will bring you a good consistent regular revenue without much effort from your side.
What is Passive Income?
Simply saying that Passive Income is where you’ll earn again and again for the work your did once or already.
Adding more that Passive Income is, your precious time you spent earlier will bring more money on regular basis without forcing you to work.
Now I have multiple income streams which are passive. I have listed below the best passive income ideas which worked for me. Currently, I’m making regular passive income from the effort I did previously.
Top Passive Income Ideas
You need to choose the right passive income ideas in order to make regular income while your sleep. All passive income ideas must need domain knowledge and specific skills.
The amount of time you invest to build passive income streams, you will get back or buying back more times through passive income streams.
1. Start A Blog
One of the top passive income ideas is Starting a Blog to Make money when sleep. Starting a blog is one of the primary passive income ideas which people try to generate passive income on regular basis.
The key for people to start a blog to generate passive income is, blogs are very flexible by its nature, uses and purposes as well.
As Internet has grown enormously which made the people to think starting a blog in order to make money. People are treating the blogs as web diaries and the place where they can share their knowledge.
Today, blog is an important marketing tool to promote the products and generate passive income always throughout a day.
You can create a WordPress blog in just 15 minutes to show your passion and knowledge. Share your knowledge with the world and make passive income.
Do not think more about how small or big your niche is! Just go ahead and start a blog which will bring your passive income while you sleep. It’s sure.
2. Invest in Real Estate – Top Passive Income Idea
Real estate business is the most popular and successful passive income idea to make money while you sleep.
If you have a real estate property, you can make money when you put it on rent.
The earning potential for the real estate business or investment is great. You will earn regular income from your rented property.
If you’re dealing with the big size of real estate investment then you need to hire or place some property manager to take the responsibilities.
It’s true that making money from real estate investment will take some time. Prior investing in real estate, you need to work hard and examine the monetary and legal rules, terms and conditions associated with the property.
Before investing in real estate sector, you must know the about the investment plan which will generate regular profits for you.
Make sure that you have enough knowledge in this business sector before your start investing in real estate.
3. Write an eBook
If you have an ability to write an eBook then you can easily make passive income through selling books online.
Selling books online is one of the best passive income ideas on internet. Write and Sell book online is give you serious passive income.
If you sell your own book or selling other then you will get at least 10% royalty for book being sold from your blog or affiliate link.
Once your book is ready to buy from online store like Amazon, you will earn regular passive income whenever a sale happens.
You will receive your regular monthly payment from Amazon and or similar online stores on regular basis for doing absolutely nothing.
The investment here is, the effort you spent for developing, designing and marketing plan. These are vital tasks prior to earn regular passive income.
It’s very simple that the more time you spend for marketing your eBooks, the more you make as passive income.
4. Affiliate Marketing Passive Income
Affiliate marketing is one of the popular income ideas to earn money while you sleep. If you have a blog or site, you can easily making passive money through affiliate marketing.
We’ve seen that there are many affiliates who are making over $50,000 per month through affiliate marketing business.
If you do not own a blog or website, don’t worry. We are here to help you. You can start a blog or website by spending less than $3.
You can buy your hosting support where your website data will be stored and viewed on internet. You can check here for special price with Bluehost.
All you need is, you need to get enough traffic to your blog. Once you have sufficient traffic then you may apply for an affiliate program in the popular affiliate networks like, Amazon, eBay and more.
Once you get approved by the affiliate network, you may place the ad banners on the blog or website. People may visit anytime and go for a sale or purchase.
You’ll get affiliate commission while you sleep. This is what affiliate marketing is of the simple passive income ideas to earn money 24X7 in 365 days.
5. Lead Generation Website or Blog
Another simple way to make passive income online is to make a lead generation website or blog.
Lead generating websites give referrals and leads to the local businesses or online businesses.
For an instance, you have a lead generation website or blog which focus on relate estate business. You’d use this website to teach the people about real estate or home ownership or real estate investing program or training.
Inside this website, you must have links which help the people to contact you for further info or help. Whenever the people contact you, you will refer them to a local estate professional in the respective area.
The real estate person or professional will pay money for the referral you sent from your website. It’s called as warm lead, so you will earn more money out of it.
If your website ranks good in the ranking then you can make more money by placing advertisement on your website. The more you can make from your website the more your site ranks top in the search engines.
6. Drop Shipping
Development of eCommerce, drop shipping has become very popular passive income. Let’s see how Drop-shipping works.
You need to create an online store which can give the products from the manufacturers.
When a person comes to your website and orders a product. Now you website sends the order details along with the customer address to the particular manufacturer.
Now the manufacturer will complete the order by shipping the product directly to your customer.
Here, you do not need to maintain any inventory. The website visitor or customer will pay for the product, you will get your commission and the product manufacturer will send the product to the customer’s place. That’s all.
If you’re interested doing Drop Shipping business, you check with Shopify to build your online store as quick as possible.
7. Sell Products on Amazon
We know that most of the people shop on Amazon.
Did you know that you can make money from Amazon by selling your own products? Also, you can have the products to be shipped to the respective places.
Related: 22 Ways to Make Money on Amazon
8. Create an Online Course
Create an online course in a great way to earn money as passive income. There are many people around all part of the world are making regular passive income from online course.
You can create a well packed online course to make passive income. Your online course may contain eBooks, how-to videos, technical videos, teaching videos and emails with detailed information.
Whenever the subscribers or customers sign up to purchase your online course, your website or system will send automatically send an email to the customer.
The auto responding email will have all the information needed to purchase your online course.
You can earn easy passive income through online course which you created. Teachable is the popular platform to create your online course and make smart passive income.
9. YouTube Videos – Smart Passive Income Ideas
Most of the common people are making regular income from YouTube videos. Making money from YouTube is one of the smart passive income ideas to earn regular income when you sleep.
Whenever your YouTube’s is being watched by someone, you will get paid money from YouTube for watching ads appear on the videos.
The key to make money from YouTube is, the more subscribers you have in your channel.
Building a strong subscribers base will surely take some time. Once you have enough subscribers and you can surely make passive income from every video you upload.
10. Product Design
Another best way to earn passive income is T-shirt designing and other products as well. You do not need to have master skills in designing. Still you can make passive money from this business.
Redbubble is the best site where you can upload your designs and designing ideas.
Your creativity and designing ideas will be used in T-shirts, Coffee Mugs, Covers and more.
Whenever there is a sale happens, you will get a commission from the online store. Do not need to trace inventory or products. Online store will take care of everything and you will get regular passive income while you sleep.
11. Put Ads on Your Car and Earn Passive Income
Do you know that you can earn money from your car without picking up any passengers?
Yes, you can allow the product or marketing companies to place their advertisement on your car windows or anywhere in your car.
You’ll earn few dollars as passive income for driving the car for your own purposes.
Wrapify is the place where you can approach to place ads on your car and make money out of it.
12. Rent out a Room and Make Passive Income
Do you have spare room which you do not use or rarely use? Why not rent the room to someone who really wants it.
Renting out your unused room will bring you monthly passive income.
Airbnb is the place where you can find or let your room for short=term rental. Millions of people are looking for a place to stay in Airbnb.
People like to stay in room, instead of staying at a hotel. It could be very cheap and sometimes they may stay for few months also.
As you can see there are many legit passive income ideas available to earn regular income. You need to decide which passive income idea will suit for you.
If you know some other passive income ideas or already making money from other passive income sources then please let us know.
You can write about any other passive income ideas or your thoughts in the comment section below.
Thanks for reading! All the best!