Top 10 Killer Ideas Of Passive Income

December 25, 2019
Top 10 Ideas For Make Passive Earning Online

In this post, you will get to know about the top 10 killer ideas of Passive Income, which can boost your online income very much, So let’s start.

I have seen that an average millionaire has got many different income streams, more than six I guess.

But, many millionaires do not have six different jobs — and in such cases, they have taken help of passive income to increase their wealth and become successful.

In this post, I will give you a little brief on what exactly is passive income and will also share a few passive income examples, which need just an initial investment and with this, you will be able to create your own passive income without any extra money.

I tried checking out on the internet to get a little insight on how millionaires accelerated their wealth and techniques they tried to come on the top.

There are some millionaires who shared their ways of passive income, which has worked out for them, so let’s know what they are and how you can achieve your goals with passive income. First, it is very important to know what exactly passive income is.

There is a misconception among many people that passive income is getting something without doing anything. Because it is all about ‘get-rich-quickly’ type of appeal… but in an end, it involves work and you have to give it up front.

What’s a Passive Income?

What’s a Passive Income?


To understand it in a simple term, passive income is a way to earn money without continued work. It may need plenty of work upfront (sometimes investment also) but later on, these income streams will build and maintain it on regular flow.

In the same way, active income is something where you have to actively do something in order to earn money. One very good example is doing typical 9 am to 5 pm job, if you do not work you are not paid.

My answer will make you understand why I am a fan of Passive Income? I would prefer not to trade my precious time for money when I don’t need to.

It also depends on your job and occupation; it will be really difficult for you to become rich when you are dependent only on your Active income and with just one or two passive income.

It is the time that you consider different types of passive income that we have gathered in this article list and start from what is possible for you.

Best Examples for Passive Income

Best Examples for Passive Income

Let us go ahead and list down the different types of passive income that need an initial investment or no investment at all.

Is Earning Passive Income Simple?

Before getting in passive income examples I think it is very important that you clear up certain misconceptions. Even though it appears like you do not have to do anything or work hard to bring in huge wealth-income this is not true at all. All types of passive income streams need the following 2 elements:

· Upfront monetary investment

· Upfront time investment

It is just impossible to earn any kind of residual income if you cannot provide one of these elements. Let me share with you the list of 10 passive income examples that you may try out irrespective of the category you like.

Investing is a simple passive income type, and does not need much effort. Suppose you can save money, or already have a huge amount of money, then there are many passive-income opportunities that you can try out from your home.

1. Invest In the Dividend-Paying Stocks

What exactly are the dividends? Dividends are the cash paid by the company to its shareholders.

If you plan to invest in the dividend-paying stock, then you need to buy a share of a company and you will become a part-owner of the company. So, when that company grows and make extra money that it does not necessarily wish to re-invest, then it will return some extra money to its shareholders in the form of dividends.

Because you have a fraction of company, you may get a part of the cash!

The dividend-paying shares are the best tools to generate good income, however, ensure you do proper research on your shares that you purchase as dividends aren’t guaranteed: if a company is not generating enough of cash, it will cut/suspend its dividend.

2. Start Your Own Blog

Start Your Own Blog

Blogging is my personal favourite passive income forms and it is the best business ideas.

I earn money from people who visit my site from the ads, so if you are reading this article, I am thankful to you :-).

Affiliate Marketing is by promoting the product and service on the internet and if somebody makes any purchase through the referral link you give, then you will get the commission.

I do it often on my personal blog and it is generally products that I use so it is really good to recommend something, which works out and also gets paid.

Blogging is really good because earning potential is quite limitless and one can start with the multiple income streams like affiliate marketing, ads, courses, ebooks, and more.

3. Create/Sell Online Course For Passive Income

Maybe you are knowledgeable about a certain topic. You may easily create the course online teaching Algebra to Piano, and launch this on the platform such as Udemy and Teachable. The beauty of this most popular strategy is when you do initial work of making the course; you will get paid for every new student that gets enrolled.

So, which is the platform to choose for you?

Teachable & Udemy are the two most popular and highly prevalent ones, and they are both user-friendly and intuitive. With Teachable, you get complete control over the pricing and feel of the course; however, you do not get a built-in audience. But you need to do all marketing yourself.

4. Start Your Investment with Robo Advisors

Some years before, if you wished to invest your money into the market, you need to hire the financial advisor or portfolio manager.

This not just required minimum amount to invest, which is probably much higher than the majority of people have, but came with high fees.

What are Robo Advisors?

These are the digital platforms that can change by automating investing and using the algorithm-driven technology.

The best part about investing in this form of income is they make the best quality of investing accessible to everybody, even though you have very little money, to begin with.

Betterment is the biggest Robo advisor in the market, and there is no doubt, the best, particularly if you aren’t very keen to spend a lot of time in learning about investing.

There’s no minimum amount for investment, fees are very low, and you do not need to know about investing in this case.

You just need to do is:

Create an account (takes 5 minutes), without any minimum deposit.

Tell Betterment about yourself: You can tell them about your financial life or why you are investing for? Is it for the dream vacation or down payment for mortgage or for some other reason?

As per your answers & risk tolerance, Betterment may recommend the right investment plan and build you the personalized portfolio.

5. Peer-to-Peer Lending

Peer-to-Peer Lending

First, it is very important that you know what peer-to-peer lending is all about, Peer-to-Peer Lending means to loan money to people. This type of loan is intended for people who do not qualify for traditional financing.

There are many companies that provide returns in the range of 4 to 10% that are higher than the typical saving account. Also, you can choose the best investment for you, as per your risk-taking strategy.

Ensure you do proper research since there will always be the risk to lose money.

6. Crowdfunded Real Estate

Real estate investing is really very good, but it needs plenty of upfront capital and you need to love the tenants! Crowdfunded investing will give you the right way of investing in the real estate market and without any need to put in plenty of money upfront. Definitely, it is a passive investment than to have your own flat or house!

When you are investing in the crowdfunded real estate, normally you are funding loans that are used to purchase and improve the real properties and get paid for it.

With the Crowdfunded estate investment, you will get returns in a range of 7 to 10%, just like P2P lending, but you also have an actual house that will back up your investment.

Please remember that it is the new market, and they’re a few risks of investing. Ensure that you do your own research prior to you dive in!

7. Write E-book For Passive Income

Suppose you like an idea of writing and you think can do a good job, but would not like to deal with any technical headache that will come with blogging, just think of self-publishing your e-book. The e-books are shorter than the normal books that put very less burden on you for producing the masterpiece.

Most successful and profitable e-books are generally non-fiction. Just have a look at how-to guides or other explanatory items on a certain topic, such as fitness and graphic design and get the proper idea.

One such platform is Amazon Kindle Publishing and it is the simplest platform you can get started. Publishing takes some minutes and most of your books come on the Kindle stores all over the world within 1 to 2 days.

In Amazon KDP, you may earn over 70% royalties on every sale to the customers in many countries, and one can set their own rates and make required changes to the books any time.

8. Build a CD Ladder

CD ladder is one best way of maximizing interest rates that you earn on all your savings without even tying money for the long time frame.

It can be accomplished by staggering many different CDs and so they mature at different times. The main purpose of the CD ladder is keeping your money liquid (available for withdrawal) like with the savings account when earning higher rates of interest that generally come with the CDs.

In order, to create the CD ladder, the first step will be selecting the bank with the high rates of interest on CDs.

You can choose to purchase one of each. And after every 6 months, the first CD matures & you choose to renew it again. You buy an 18month CD with money. When the 12month CD matures

after six months, you purchase another 18month CD. It creates the CD ladder and where you will get access to funds every six months.

It means that every six months, you can decide if to open the new CD or to withdraw money and the interest that you have earned from it.

9. Start Your Own YouTube Channel

Start Your Own YouTube Channel

Starting your YouTube channel will earn you passive income on the internet.

So, rules on earning money with the YouTube channel changed, but it is still one best option for many people out there. You will have to adjust your own strategy a bit.

YouTube channels were one of the best platforms to monetize money for everyone. What it means is you allow the advertisers to place their videos (ads) at the start of the content. Whenever you get some number of views, then you will earn cash.

There’re many people who make the entire livings while doing this. There are people who earn by filming the makeup tutorials, unboxing videos, travel guides, and anything you may think about, really. YouTube is one popular platform, there’re many eyeballs that will attract a huge audience to the obscure niche.

10. Sell Photos Online

Man & woman selling their stock photos online

Have you ever thought about how to get paid by taking pictures? Like it turns out, it is actually very simple.

The best websites to earn money with photos is Shutterstock. From its inception, Shutterstock has actually paid more than $500 million to their contributors. Because of the popularity & low barriers to entry, the site will work as the best passive income source irrespective of your level of experience.

You need to set up your account, upload images, and make money whenever any customer downloads the photos. The amount you will earn every download generally depends on the type of customer who buys the image.

Suppose the customer with monthly subscription downloads the image, you will earn less than the customer who pays for your picture.

More you earn with time, more you will earn for every image.

Summing Up

I have provided the list of 10 top passive income examples only in one hope that there will be something in the list for everybody. Article contributed by Hari babu from TechAriz!

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