18 Passive Income Ideas You Can Start This Month

Passive income ideas are all around you – but they are often disguised. Unlike fruit you can pick from a tree you didn’t plant, a passive income stream has to be built if you want the income to be significant. What I’m trying to say is that you’re going to have to work hard at first if you want to create a great revenue stream down the road. Good passive income ideas are never turnkey.
Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and hard work these income streams start to build and are able to maintain themselves, bringing you consistent revenue without much effort on your part.

Speaking from personal experience adding passive income streams to your portfolio can help you increase your earnings and accelerate your financial goals in tremendous ways.
In order to build a substantial passive income you’re going to have first invest at least one of the following 3 elements:
  • Your Money
  • Your Time
  • Your Skill Managing and Motivating Others
You can use any one of the above or any combination of these but you must be willing to provide at least one of these if you want passive income. (You’ll have a much better shot at success if you are willing to invest at least 2 out of the 3 above.)
it’s time to give you some no-nonsense strategies. Keep reading to discover 18 passive income ideas that you can start this month.
What price would you pay to have recurring, passive income coming into your bank account?
How about a few weeks of your time and a bit of money?
There’s no better feeling than checking your bank account and realizing that you’ve been paid for doing nothing.
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18 Passive Income Ideas


These are, in no particular order, 11 of the best ways to start making passive income.

1 – Earn Income From Affiliate Marketing

If you can start a website and drive traffic to it, you can make money by recommending products of services to your audience.
Say you run a site about fishing rods and you decide to monetize it. You could see if the manufacturer of the rod you use had an affiliate programme and work with them. You would then earn a commission every time someone purchased the fishing rod you recommended!
If you’d like to learn the best ways to make affiliate income from someone who earns over $50k a month, I’d highly recommend taking Michelle’s course. It’s got no fluff – it goes straight to the point about what you need to do to start earning affiliate income.



2 – Buy a Rental Property

One of the most old-school ways to make money is to purchase a property that you know will be easy to rent. Once you’ve set up the mortgage and put down a payment, it’s a matter of keeping the place rented. The rent should cover the mortgage payments, any taxes and repairs, and still leave you with a nice amount of monthly profit!
There are obviously many factors to consider before buying property, and it’s not as passive as some of the other passive income ideas in this article. However, it’s a system that will probably always be profitable.

3 – Buy some Dividend-Paying Stocks

This is my favourite source of passive income, as it’s as far from active as it gets. Once you learn what to look for in stocks that pay dividends, it’s a matter of waiting for a good buying opportunity and enjoying the consistent dividends!
For example, a couple of years ago I bought some shares of McDonalds. They had taken a beating because of some underwhelming earnings, so I took the chance and started a position.
Nowadays the stock price has gone up by about 60% since I bought the shares, and I have been paid a 4% dividend every year – one payment per quarter. The best part is that most of these dividend paying companies have amazing records when it comes to increasing their dividends – to the tune of 6 or 7% every single year.

4 – Publish e-Books


If you read my article about publishing on Kindle, you’ll know that I’ve published 7 e-books on Kindle. I make a consistent $100 per month from this, which is not bad considering I didn’t even write them.
You can do like I did and hire ghostwriters and graphic designers from sites like Upwork or Freelancer. They’ll write the book and even create the covers for you. All you have to do is publish the book and wait for the money to roll in.
Of course, there is a method to this, because choosing the right niche to publish your e-books is vital. I followed Stefan Pylarinos’s course, K Money Mastery, which taught me all the steps that I needed to follow. Within a week I had made my first e-book sale, which was an awesome feeling!

5 – Peer-to-Peer Lending

With peer-to-peer lending, you can effectively become a modern-day gold lender! It consists of lending money to people that need a loan, who are willing to pay higher interest rates. All you have to do is wait for them to pay back the loan + interest.
Sites like Lending Club claim to provide some pretty good results along the lines of 6-7% per year, which are not bad at all.

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6 – Create an Android of iPhone App

Similarly to hiring writers to create your e-books, you can also hire software developers to create mobile apps for you.
The app market is thriving right now, and it’s set to grow even more. By 2020, mobile apps are forecast to generate around 189 billion U.S. dollars in revenues.
Like with any business, if you can find a problem that sufficient people have, you’ll be able to create an app that solves it.

7 – Start a Youtube Channel

I remember the first days of Youtube, back in 2005. One of my mates told me something along the lines of:
“Hey, check out this new video site called Youtube! It’s like Google Video but better… Now search for “funny cats”.
12 years later, Youtube is the second most visited site on the internet (after Google) and has created a new profession: Youtubers. I used to watch TV, but now I pretty much only watch Youtube videos from my favourite creators.
The reason it’s grown so much is that anyone with a camera can start a Youtube channel and get paid for the adverts that are shown on their videos. While you’ll only get paid something like $0.01 per 1,000 views, it all depends on how many videos you create.

8 – Write Articles For Revenue Sharing Sites

There are plenty of sites that will pay you for a part of the revenue they generate from visits. Hubpages and InfoBarrel seem to be the most popular ones out there. Apparently, it won’t generate a crazy income per article, but it’s still a good way to supplement your 9-5 income.
If you’re a blogger in the finance field, Seeking Alpha offer some generous compensation for writing articles for them. You’ll get paid $35 per article, plus $0.01 per desktop view going forward! I’m seriously considering submitting some articles on investing! 🙂

9 – Buy a Website

There are millions of blogs out there, some of which have grown their pageviews into scary numbers. There is a market for buying and selling blogs, so if you were to buy a certain blog you’d be expecting to pay 24 times monthly earnings. That means that a $12,000 investment would give you an established site that generated $500 each month.
If you paid someone to run the blog for you, you could soon grow these numbers and scale the business without doing much work!

10 – Website Advertising

One of the simplest ways to make passive income from blogging is with advertising. If you can start a blog and grow the traffic you get to it, you can slap some carefully-placed ads and generate passive income. If you manage to get into big blog territory, you can partner up with bigger ad networks that will make sure your advertising is optimised, thus increasing your income.
Starting a blog is a much easier process than people think.

11 – Create a Course

If you have an above average knowledge of any field, why not create a course? Sites like E-junkie make the process of selling a digital course as easy as it’s ever been. You could literally spend a few weeks creating the course, put it up for sale, and reap the income for years to come.

Creating a digital product is one of my goals for 2017, so this is a passive income stream that I’m very interested in!
12. Efficiency Expert
Are you super-efficient? Why not leverage your skill. Go into a small business and take over their marketing or some other segment of the business the owner isn’t happy about. Tell them you’ll take a percentage of the increased sales/decreased costs in exchange for your expertise. Once you work your magic, all you’ll have to do is sit back and collect checks. Nice. Find clients by interviewing in your market and find out where the problems are that you can solve.
13. Sell Insurance
Selling insurance is a wonderful way to front-load your career. You’ll have to work hard for a number of years. But if you do it right, you’ll collect commissions for years and years and years. Just make sure to keep your karma on the right track. Focus on insurance that people really need (health, property, term life) rather than junk that just makes you money and rips off your clients like whole life.
14. Run a Class
Contact your local adult education department and offer to run a class on something you are expert in. Video tape the course and sell it to the students along with workbooks that you create. Then, set up a blog and create a following of people who are interested in this subject. Once you do, offer the course materials (DVD and workbooks) to your followers.

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15. Consultant
Similar to managing tutors, you can locate consultants all over the world using the internet and market their skills using the same tools. Provide in-depth screening for your staff and you’ll have a competitive edge.
16. Car Detailing
I couldn’t believe what it cost to detail my wife’s car recently. It got me thinking about having this done by anyone other than the carwash. They simply mark this up too much. You can take this problem and turn it into passive income.
17. Blog Content Provider
Blog owners need content every day. They need original posts that haven’t been used before and that aren’t simply the same old ideas everyone has written about time and time again. Create a service that solves that problem. Demonstrate how you make sure the content is original and fresh. Then get the word out. You’ll have more business than you know what to do with.
18. Organizer
Similar to the clutter cleaner business, locate people who are really good at staying neat and organized and then market their services to all the rest of us slobs who desperately need them. Use the clutter cleaners for the physical mess we’ve accumulated and use organizers for the mess we’ve created with our paperwork.

Conclusion

Creating passive income is the key to reach financial independence and become free to do as you please with your time – unless you can’t think of anything better than going into work…?
My advice is to pick one of these passive income ideas and stick with it for a while. Put in the work now and reap the benefits later!

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