12 Dumb Passive Income Ideas That Generate Hundreds Every Day
Earning a steady income online is a dream for many people. Some seemingly dumb passive income opportunities offer the chance to make money without putting in a lot of hard work. Unfortunately, many of these opportunities are scams, no wonder why people would usually think it’s another dumb idea that won’t generate any passive income. But there are legitimate ways to make passive income online. Here are twelve of them.
1. Affiliate Marketing
Affiliate marketing is probably the most known way to generate passive income online since it’s easy to find affiliate offers right on Google or Social Media.
The idea behind this method is simple. You join an affiliate program and promote the company’s products or services for a commission on your posts. A popular option is to create a blog or YouTube channel and review the products you use in your daily life to link to the company’s site.
However, this takes time before it starts generating substantial income. You need at least 4000 hours of watch time and 1000 subscribers in total before you can apply for monetization and begin making money afterward. People give up before that and assume this is just another dumb passive income idea, but good things require consistency.
2. Review Marketing
Review marketing is a close second to affiliate marketing regarding online passive income opportunities. This method requires you to create a website or a social media account and write product reviews.
Many companies will pay you to review their products once you have good traffic to your website or a good social media following. Earning through Reviewing products has become a norm for most experts.
You can also work with one or two brands to write multiple product reviews on your blog or website. The key is to make sure that you give your honest opinion on the products, even if the company provides them for free. If you aren’t delighted with the product, don’t include it in your review.
3. Create a Podcast or Video Blog
You can create a podcast or video blog if you have good communication skills and a flair for creativity. These two types of passive income opportunities also require creating original content, so they aren’t as simple as they may seem at first glance.
If you already have a blog or website, you can add a podcast. This way, you reach people who weren’t interested in reading your content before and help them find out more about what you do.
You should invest some money into creating a good quality video because that’s the main advantage of the video blog over written material. If you already have a YouTube account, this should be relatively easy for you.
4. Create a Blog Website and Monetize it with Ads
You can start a blog or create a website to share ideas about things that interest you if you have decent writing skills. There are many different topics you can write about to help people find out more about what they are looking for. This passive income opportunity takes time to become profitable. Still, it’s a suitable method for earning money while sleeping or on the weekends.
To speed up the process and reach more people, you can place ads on your site using different ad networks such as Google AdSense. You’ll receive a cut of the sales generated by the ads on your site.
5. Sell Photos & Files Online for Money
Suppose you have photos, videos, documents, or any other original material that others might be interested in purchasing. In that case, this is an excellent opportunity to make some passive income online. You can upload your files to stock photo websites such as the following and sell them for a small fee.
- Fotolia/Adobe Stock
- Getty Images
You can also upload your files to file-sharing websites such as MediaFire or Dropbox and let people download them for a small fee you set on the site. This method might take some time to start generating a high income, but it’s simple enough that you can do it while doing something else.
6. Create an Online Course
When creating an online course, you need to be ready for some hard work in the beginning because customers will want to try out your product before buying it. But if you create a high-quality course, those who sign up will eventually pay more than the cost of this passive income opportunity once they finish it. For example, suppose someone pays $20 for one month of access to your course. In that case, they will probably pay more than $20 after completing it to get lifetime access to all your future updates.
7. Sell Digital Products such as EBooks, Designs, and Logos.
If you have writing skills and an eye for aesthetics, you can make money by selling designs such as fonts or graphics created by yourself. You can also create original works of art and sell them online using Etsy or RedBubble. Suppose you prefer not to deliver your files directly to your customers. In that case, you can leave that process to third-party platforms such as Teespring and Fiverr to handle the delivery.
8. Invest in Real Estate
Real estate is one way to make passive income online while working on other things if you have some money lying around that can be invested. This type of passive income opportunity takes time and money before generating any profits. Still, it’s an excellent source of long-term income once everything has been set up correctly. The idea behind this method is to get hold of properties at little or no cost to use for renting out rooms or selling off later on.
If you have an unused room or an apartment, you can rent it out to people looking for a place to stay when they visit your area. This is an excellent opportunity to make passive income while staying at home. With the economic changes, people are always looking for cheaper alternatives to everything. Offering affordable accommodation can make you a lot of money constantly. What once looked like a dumb idea can now generate a good passive income for you.
10. Write a Novel
If you have an exciting idea for a novel, start writing it as soon as possible so you can bring in some passive income online as soon as the first chapters come out. You might need to work part-time on your book or find a co-author if you have trouble keeping up with the pace of publishing. But once your story is published and selling copies, it shouldn’t take long before you earn enough passive income from it to become a full-time writer.
11. Invest in Cryptocurrency
Cryptocurrencies such as Bitcoin and Binance are some of the new common ways to generate a dumb amount of passive income. You can do so through trading and investing because this investment opportunity enjoys high volatility like most financial markets. If you buy cryptocurrencies at a low price and sell them high, the profits will be substantial after just a few trades. You can also accept payments in cryptocurrency such as bitcoins to escape fees that come with other payment methods such as credit cards or PayPal transactions.
So your pets aren’t enough for you? Well, there’s nothing wrong with making some extra money by pet-sitting other people’s animals while they’re away on vacation or business trips. Since this service requires little maintenance and work on your part, it’s one of the easiest ways to make passive income online from home. All you need is experience taking care of cats or dogs from previous jobs or volunteer work. Just make sure that those who sign up are committed to maintaining a clean home for their pets while they’re gone, so you don’t have to spend unnecessary time cleaning it when you pick the pets up.
Who would have thought that taking care of a pet would make them good money, but it’s true now?
You can make passive income in many ways, some more tedious than others. While some of the ideas listed in this post can be very profitable, it’s essential to do your research before jumping in. Make sure you know what you’re getting into and that you have a solid plan for how you’ll execute each step. With a little bit of effort, though, you could find yourself making hundreds every day from passive income sources. We hope this article would’ve helped you make your decision. If you liked reading, check out similar suggestions listed below.
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