Passive Income Ideas
Passive income, as the term suggests, is the income that you get without having to work. Too good to be true? If it is indeed possible to make ends meet thanks to passive income, it is above all the long-term results of long-term work. We offer you in this post ten ideas of passive income, which you can exercise according to your talents and passions.
Write an e-book
If writing is one of your strengths, writing an ebook allows you to share your know-how with your colleagues or future colleagues. Also, because you don’t have to pay printing costs, you make higher profits, up to 70% royalties per book sold.
Develop online training
Do you like the feeling of teaching new things, but hate wasted time traveling? Why not create online training? Once available on the platform of your choice, all you have to do is receive the opinions of your students and modify your teaching materials if necessary (PDF, Excel tables, infographics, etc.).
Create a blog
Writing about a subject you are passionate about is good. Writing about a topic you are passionate about and which is also a niche subject is even better! That is how some companies will be interested in paying for advertising space, mainly if your blog attracts an impressive number of readers. This article gives a better idea of the sources of income that you can receive by blogging.
Design blog templates
The visual aspect is essential in the field of the Internet. By taking a look at these template sites, it is easy to understand why it is possible to improve your web design skills while earning some profit. Remember: A template that stands out from the crowd increases the visibility of a blog. It also increases your chances of being contacted for the creation of a website.
Product designer
An experienced graphic designer or illustrator can do well by selling lists of icons online. He can also create designs for products, be it t-shirts, coffee mugs, or posters—an excellent way to advertise your services. Paste Magazine offers ten websites on which a graphic designer can earn additional income.
Invent an application
Would you like to create a complementary work tool for your website? An app for tablets and smartphones, set at a competitive price, could also become a promotional tool for your services. The good news is that you don’t have to be a programmer to create an application. The bad news is that you have to shell out a certain amount to use the app creation tools.
Sell your photos online
Did you know that you can get paid for taking photos? It’s even quite simple.
There are hundreds of online platforms that offer “royalty-free” images, that is to say, that Internet users pay (either by download or by fixed price) to be able to download a photo and use it freely. These are often companies looking for images for their communication media.
Among the best-known sites are Getty Images, Shutterstock and Adobe Stock. Thanks to their enormous popularity, these sites can be a real source of passive income, regardless of your level of experience – even if you will, of course, have to know the basics of photography and have the appropriate equipment.
Become a YouTuber
Your talent as a filmmaker, but also your passion, could pay off on this leading platform. Indeed, there are different ways to make money with YouTube, whether by filming your web series, your pet, or your beauty tutorial. For example, as of this writing, Quebecer Cynthia Dulude has attracted more than 524,000 subscribers thanks to her makeup tips.
Buy and resell domain names at a profit.
The idea is simple: buy domain names that could be valuable for businesses in the future at a low price, and resell them later at a profit.
And if it does require a bit of luck, a large part of this activity remains strategic. You will need to do your research and make sure you choose keywords that have the potential to make you money in the future. The ideal is to select a specific field of activity and determine which domain names could well get sold in this industry.
Then, once someone wants to buy one of the domain names you own, it’s your trading skills that will make the difference between a small and a significant profit.
Rent your apartment or house in your absence
We presented you above the solution to invest in real estate to be able to offer you a regular passive income. If you are interested in this area but are looking for a more practical and less costly approach, renting your apartment/house, holiday home or even a single room of your accommodation on online platforms can be a great way to earn money. Passively money.
Airbnb is the best-known solution. It allows people to travel all over the world and stay in much cheaper accommodation than traditional hotels. You can, therefore, offer your accommodation on a regular or occasional basis according to your preferences
