Are you ready to break free from the traditional 9-to-5 grind and explore the world of passive income? In this blog post, we’ll uncover the exciting possibilities of making money online with minimal effort. Imagine earning income while you sleep or relax on a beach vacation – it’s not just a dream, but a tangible goal. In this post, we are going to give you a list of 5 passive income idea to make money online.
- WRITING AN EBOOK
Writing an eBook and selling it is one of the best and most proven ways to earn passive income. Many people have made a lot of cash from selling their eBooks on Amazon and other book selling platforms.
This may require some investment because writing an ebook is never an easy task, especially if you are just getting started. It takes time and effort.
You can decide to hire a ghostwriter to do the writing and publish it it on Amazon. Hiring a ghostwriter will make the work easier for you if you are the type that doesn’t know much about writing.
Let’s assume you have just two books on generating at least 20 sales every month, and each book costs $15. Just imagine how much you will make in a year without doing anything.
- STARTING YOUTUBE CHANNEL
Starting a YouTube channel is the best idea to earn passive income online. It does not require any capital or investment. However, it won’t make you rich overnight.
It takes some months before you can start making money on your YouTube channel. You have to get 1000 subscribers and 4000 watch hours before you can monetize your channel with adsense, which is not so easy.
Once you got approved by AdSense, you don’t have to do as much work as before. You will continue to earn so far people keep watching your videos. You can decide to upload a new video once a week or a month.
Tips boost your channel and get monetized faster
- Choose a low-competitive niche.
- Use low-competition keywords with a high search on your videos
- Always optimize your video description.
- Use VidiQ or tubebuddy
- CREATING MOBILE APPS
This may sound difficult to you. Every individual knows that creating a mobile app is not easy. But what if I tell you you can create a mobile app in less than two hours without coding? Is that possible? Of course, it is. Now read and let me tell you how it’s possible.
There are many free online app creators out there you can use to create your app. E.g., appypie, sketchware, appcreator24, thunkable and many others.
You create a free account on these platforms and create your app easily. Some of those platforms are drag-and-drop app creators. No coding is required. However sketchware is my number one recommendation, but it may be somewhat complicated for a beginner. So you need to watch some tutorials on YouTube.
After creating your app successfully, the next thing is to put ads on your app. The ads will be the source of your income. You can easily do that by creating a free Google AdMob account. Get your ads units codes and insert them into the app.
This is not just short-time income; it’s a lifetime income. So far, people have been using your app. You can earn approximately $0.5 to $6 per click on the ad in your app. Just imagine how many people who own apps with millions of users make every month.
To make cool cash with this, you have to take your time to promote the app. You can publish on the play store and run ads for quick results.
- BLOGGING
I personally call this passive income king. Three years ago when I asked one of my friends, John, what exactly is blogging? In blogging, there are many things. He said.
Almost 68% of online business can be done with blogging. It’s one of the most profitable online marketings. However, this requires small capital or investment to start with.
There are two most used platforms for blogging. Blogger.com and WordPress.org. you start with any of the two. But WordPress is my number one recommendation since you have full control over your blog and contents. It has been said by some pro bloggers that WordPress blogs are more likely to rank easily than blogger blogs.
ALSO READ: How to Start a Raw Foodstuff Business in Nigeria and Make Money
To start with WordPress, you need only a domain and hosting. For bloggers, you need only a domain. Google itself owns Blogger.com, and they can decide to ban your blog anytime if you violate their terms.
The next step is to choose your niche. There are various niches out there you can start with. Below are some good niches:
- Make Money
- Health
- Tech
- Sport
- Relationship
- Lifestyle
Now, you go ahead and design your blog and start writing quality content.
Finally, the step is to monetize your blog.
5. Affiliate marketing
Affiliate marketing is one of the most profitable online businesses that can generate you full time income. In case you don’t know what affiliate marketing means, let me quickly explain.
Affiliate marketing simply means selling other people’s product for a commission. There is no need for you to buy the product. Here is what you need to do.
Go to affiliate programs platforms like jzvoo, clickbank, warrior plus or any other platform and sign up. The next step is to select a niche. The type of products you like to be promoting.
Finally the step is to apply for a product and promote it. This is where the main work is because someone has to buy the product through your affiliate link for you to get a commission.
Conclusion on passive income idea to make money online
passive income offers a wealth of opportunities for generating income online and achieving financial freedom. By capitalizing on the power of the internet and embracing various strategies like affiliate marketing, online courses, blogging, and more, you can create sustainable streams of income that work for you even when you’re not actively working.
It’s important to recognize that building passive income requires initial effort, time, and dedication. Rome wasn’t built in a day, and neither will your passive income empire. Patience and perseverance are key as you navigate through the challenges and learn from your experiences.
