One of my go-to mottos in life is to think outside the box. Or, in other words, use passive income to your advantage. As an entrepreneur, I believe in having multiple ways to earn money. Because in this life, you never know when things can go south. So it’s vital to be prepared for whatever.
With that said, I have curated a list of 20 passive income ideas to help you be ahead of the game. So, if you want to work for yourself, earn extra money, or gain financial freedom, continue to read along.
What is passive income?
Source of income generated by someone other than an employer or a contractor. That includes earning interest on savings, getting cash back or rewards on a credit card, renting out a space, purchasing dividend-paying stocks, etc.
20 Creative Ideas For Making Money
- Affiliate Marketing.
- Start a print-on-demand store ( Redbubble, Zazzle, Etsy).
- Create and sell an online course or workshop.
- Write and publish an e-book.
- Rent out your home or a space (Airbnb).
- Develop an app.
- Create and monetize a blog.
- Sell digital products.
- Buy rental properties.
- Invest in the stock market.
- Become a social media influencer or ambassador.
- Sell and promote products from Amazon.
- Buy a website.
- Turn your craft or hobby into a small business.
- Sell stock photos.
- Become a gaming influencer.
- Start a YouTube channel.
- Get paid to make deliveries or ride people around (DoorDash, Ubereats, Lyft, Uber, Gopuff ).
- Take surveys and share your opinion ( Survey Junkie, Branded Surveys, Inbox Dollars, Lifepoints, Swagbucks).
- Sell music.
In conclusion…
I hope by reading my post, you all found some new ways to be creative. And get inspired to make extra money. Let me know in the comment section below which one you liked. Talk to you all in my next post, and have a wonderful day, everyone.
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Great post! It’s always a good idea to have multiple streams of income and thinking outside the box is key. These are some very creative ideas for generating passive income.
Ely
Glad to see I’m on the right track as I explore more of these options. Thank you!
Great side hustle tips. Thank you for sharing them with us. I currently have a few in the pipeline.
Thank you for sharing! I am on the hunt for any and all ideas for earning money as I start my adventure into creative writing! I will be on the lookout for other tips you might have!
Great ideas for making extra money! I’m definitely interested in digital products.
Great list! These are all solid ideas for creating passive income streams. It take a bit of work in the beginning, but if you’re diligent, it pays off.