Everybody wants to get rich. Well, who doesn’t?
But making huge money is not an easy & overnight job.
You had to work very hard in traditional 9 to 5 jobs by killing your freedom just to get your minimum scale salary.
And, that’s not even sufficient for you to run your family, pay your bills & debts, which is completely terrible.
I had worked on 9-5 jobs too and eventually got burned out, but no more now.
This had only been possible due to passive income streams which make me over $30,000+ each month.
- 1 My Story Of Earning Passive Income
- 2 What is Passive Income?
- 3 Passive Income Ideas For 2019
- 3.1 1. Dividend Stock
- 3.2 2. Peer To Peer Lending
- 3.3 3. Invest In Rental Property
- 3.4 4. Open YouTube Channel
- 3.5 5. Start a Blog
- 3.6 6. Monetize Facebook Page
- 3.7 7. Affiliate marketing
- 3.8 8. Drop-Shipping
- 3.9 9. Sell E-Books
- 3.10 10. Invest in Cryptocurrency
- 3.11 11. Selling Stock Photo
- 3.12 12. Rent Your Vehicles
My Story Of Earning Passive Income
3 years before, somewhere I heard about people making a crazy amount of passive income online and quitting their 9 – 5 jobs.
And, that was my dream too… I also wanted to get financial independence but don’t know where to make my hands dirty.
And this pursuit led me to start my first successful blog which now makes me over $30,000 each month.
And this is my second blog which is growing day by day, makes me over $100 per month.
So, if your dream is also to make make money while you sleep then read this article till the end.
But, before sharing these goldmine ideas with you, let me first make you clear on what the passive income is:
What is Passive Income?
These are the source of income in which you don’t have to literally get up and do something all the time to create it or make it happen.
This doesn’t mean you have to sit down, chill & money will flow towards you. If you think so, then that’s not going to happen.
Actually, to generate passive income, we’ve to bundle our labor for a certain period of time so that we don’t have to do it again and again in the future.
We do have to work on it but not much as compared to your traditional 9-5 jobs. And, this is why it’s called a passive income source.
Note: This list of passive income ideas is not a magic trick that will make you a millionaire overnight. Instead, these are the income streams that are legit in 2019 and can be started with minimal investment.
Passive Income Ideas For 2019
Here is a list of 13 legit passive income ideas for 2019 through which you can generate substantial income online while you sleep:
1. Dividend Stock
Investing in dividend stock is the best and easy way to make a passive income.
What are dividends? Dividends are the cash paid by the company to their shareholders and partners.
Investing in a dividend-paying stock means, you are buying a share of a company & literally becoming the part of their business.
As the company generates the extra cash from the money you invested in. It provides some extra cash to its shareholders.
And because you own some share of that company, You will too receive the extra cash as a bonus.
But, make sure to invest in the best dividend-paying brokerage and earn extra cash.
According to recent data, McDonald’s is the highest dividend-paying corporation.
You can also invest in M1 Finance which is the best free investing platform which allows you to build a portfolio and invest for free.
2. Peer To Peer Lending
Peer to peer lending means the practice of loaning money to borrowers who don’t qualify for traditional loans/financing.
You simply lend money here and get principal and interest for that.
3. Invest In Rental Property
You may not consider real state rental as a passive income source.
But, you can outsource the running of the property to a management company to make it completely passive.
You will need to invest some capital and put the effort at the beginning in order to find the right rental property.
After that, you will be earning more than $2000 per months depending on your property.
Tips For Buying Rental Property
- Buy at Right Place.
- Find Right Neighborhood.
- Be Aware Of Local Rental Regulations.
- Ensure Proper Parking is Available.
- Look Out For Safety Issues.
Check out Roofstock where you can buy a single-family rentals online.
4. Open YouTube Channel
YouTube is a truly exceptional platform which allows craters all over the world to present their ideas with the public for free.
Major YouTube channels make a profit from their videos and its a decent amount of money.
So, to earn money from YouTube, you first need to open a YouTube channel and upload the videos on a daily basis.
And once you reach 1,000 subscribers and 4,000 hours watch time ( Minimum requirements to monetize/run ads on youtube) you will start making money.
What Type of Video Should I Upload on YouTube?
It depends completely upon you that what sort of video you want to upload.
It can be Funny videos, Tech videos, Beauty related videos, Tutorial type of videos and so on according to your interest, talent & demand of the audience.
But, it takes some time to fulfill monetization criteria given by YouTube. And you can start it for Zero investment, what you need is a camera which you may already have on your smartphones to shoot videos.
5. Start a Blog
Blogging is also another major passive income source.
You can earn huge amount of money by blogging. Also, this is a never-ending money source. You can take this site as an example of a blog which is earning $100+ per months.
First thing you had to do in blogging is to establish your blog on WordPress and write some meaningful posts.
Once you publish your blog posts and it gets the higher rank on google & starts to bring traffic, you will be making money lifetime through it.
How to start a blog?
To start a blog you first need to buy a premium domain name, hosting and a good looking WordPress themes.
Once you did this, you had to write about 50 to 60 helpful articles and apply for Google AdSense. After it gets approved by Google AdSense and starts to drive traffic you will start to make a decent amount of money.
Not only from Google AdSense but also you can earn money from affiliate programs with the help of your blog.
There are many Bloggers who make $14,000,000 per months from blogging which you can search on google is you don’t believe me.
6. Monetize Facebook Page
Now, Facebook has also become the source of income for many peoples of the world including me too. You can now make a huge amount of money online by running a Facebook page.
So, to make money from Facebook you first need to create a Facebook page and upload a video on it as on YouTube.
And once your page gets 10,000 followers and 30,000 views then you can apply for monetization and earn a decent amount of money.
Facebook pays you money by serving ads on your video. If viewers on your Facebook page click that ads then you will be able to make money.
Therefore, If You don’t know how to earn money from the Facebook page then you can simply visit here and take help from this article.
7. Affiliate marketing
You may or may not be familiar with the term affiliate marketing, so to clarify what exactly it is(affiliate marketing), let me explain it to you in a simple way so that you can understand it better.
What is affiliate marketing?
Affiliate marketing is the process of earning commission by promoting other peoples product or services on yours. And the product or service can be of any person, company or organization like Amazon, Flipkart, Alibaba e.t.c and so on.
A small guide on how to do affiliate marketing
For doing this you will be provided with so-called affiliate links. And to earn money you had to promote those links in different platforms such as social media, your YouTube channel or from your blog.
So, to do affiliate marketing you first need to have an audience with you so that you can promote those affiliate links.
And once your friend’s, users, or visitors visit that link and buy some products from there, you will be provided with a certain amount of commission as per company rules.
There are many affiliate marketers who are earning $213,212+ of income every single month. You can also see the earning report of best affiliate marketer of the world from here.
Dropshipping is a retail fulfillment method where the store doesn’t keep the product that sells in the stock which means it allows you to sell the products on your own store without having to purchase large quantities of product in advance.
Dropshipping has become a major passive income source for various people in the world.
You can build a six-figure income with just the investment of $100 monthly through drop shipping that can pay you huge dividends with not the only minimal risk but actually minimal efforts as well.
You may think of how is that be possible? But, it is possible and I have my own years and years of experience in this field.
During the startup period, I don’t even have single cent’s with me but now it has converted into a life running income.
And now the major income of mine comes from affiliate marketing & drop shipping. And the most interesting thing is that I don’t even spend an hour on it. But, I had people working for me.
Here, my intention is not to make myself a hero by telling you my income. But I want to motivate you by sharing it so that you can start it up today without carrying any fear on your mind.
But, Before starting drop shipping, you need to know all about what dropshipping is in details because you may not be familiar with this. For more clarity, you can go through the picture given above on top of this.
How do dropshipping works?
- Step 1: Costumer place the order on your website.
- Step 2: You receive that order and send that order to the supplier with customer shipping information
- Step 3: Supplier receives the order, on their end packages and ships order to your customer on your behalf. And the liar sends you the tracking information.
- Step 4: You alert the customer that their order has been shipped and supply them the tracking information so they can keep tabs on it along the way.
- And the most interesting thing about this is that you will be invisible along the way.
9. Sell E-Books
Also, you can sell those e-books on your own blog if you have a nice audience and earn huge passive money by selling them.
It depends upon you that what kind of books you want to publish about. It can be either of business, blogging or any other things like Beauty Related Books, Books about Jokes, food books e.t.c.
And let’s talk about earning. Your earning depends upon the cost you set for your books, what your books are about and how many stocks have been sold.
It may also depend upon you that what price do you want to set for your courses, it can be $20, $30, $40, $100 or so on according to your mindset.
How can I earn money selling e-books?
When your books get published and the sales begin, you can earn money continuously even while you are enjoying the holidays with friends or you are on the world tour, no matter where you are and what you are doing. The money is yours and this is the benefit of investing your time in a passive income.
From here you can understand that only you need to struggle hard at the time of writing it and once you complete that rest of the life is yours.
10. Invest in Cryptocurrency
Nowadays People are Making millions and billions of money from cryptocurrency like bitcoins, light coin, Ethereum e.t.c.
There are many trusted websites on the internet where you can invest in a cryptocurrency or do bitcoin mining.
What is bitcoin?
A bitcoin is a virtual currency or virtual money which is in a computerized /electronic form and has some specific value like real money. But this doesn’t have any material form like a metal or a paper so this is an e-money.
The value of bitcoin while the post was updated is 1 Bitcoin = 9423.49 USD which is huge.
But before mining Bitcoin or any other cryptocurrency, you first need to research for that in detail because there are many frauds. You can mine your bitcoin in this website.
11. Selling Stock Photo
Nowadays, multimedia has a great impact on our lives. We love seeing high-quality photos, videos, and graphics anywhere, whether on Facebook, YouTube, Blogs or any other platform, as it takes our projects to the next level.
I love the images too and always try to put the best images on my blog to make it more attractive so that handsome and beautiful visitors like you will love it.
Who doesn’t love the images on their post? Even I do and also you do. I love to put images on my blog. But sometime I can’t find the images meeting the standards of my blog. So, due to this reason, I had to buy some stock photos.
And the image on the top of this post is the best example of the stock image which I had bought recently. And do you want to know the price?
You will be socked listening to the price for that image. I paid $70 for buying that simple image.
I also had met the photographer who makes $10K per months by selling the images online and runs his family who is my relative. This means there is a huge benefit in this business.
Guide on how to earn money selling images online
So, to start this you need high-quality cameras which you can get it through the Amazon. After you buy a camera you can click some high-quality images of Birds, animals, flowers, the sky, and so on.
The good thing about it is you can do this work whenever you want. There are no criteria for doing this job like a regular 9 to 5 jobs.
12. Rent Your Vehicles
All the ideas given above were only possible online with the help of internet. But, what if you are far away from technology or you don’t know to use them properly or don’t have any ideas to do those.
Well, after reading all these ideas given above you may have learned something little knowledge about doing online business. But, some of you may not like those and want to make passive income offline too.
So, not worry, there are some other offline ideas through which you may be able to make passive income.
So, for Earning passive money offline you can give your vehicles like motorbikes, car, plane e.t.c on rent.
By doing this you will be earning money every single week or months without doing any single work.
And I also had done this and make $1000 each month from my car rent.
So, vehicle rent is a best offline passive income source which you may have been neglecting or unknown about this before.