Everyone knows that traditional jobs are becoming less and less popular. Machines are taking over a lot of tasks and there just aren’t enough people to hire to meet the demand for those services. To make up for this, many companies are turning to online Passive income as an alternative way to generate revenue without ever having to leave home. Passive income is almost exactly what it sounds like: you own your business such that you receive regular payments from it regardless of whether you’re working or not. The trick is finding ways to get that cash flow coming in so you can live your life instead of just working towards some distant future where you hope your business earnings will be enough. Here are the best ways to earn passive income.

Selling Online Courses

Online learning is becoming more common, especially at universities where enrollment is soaring. While online courses are convenient, many people prefer the interactivity and social aspect of learning that comes with face-to-face courses. With an online course platform like ClickFunnels, you can create an online course that takes students through a series of lessons in a way that mimics a traditional classroom setting. You can include interactive content, quizzes, exams, certificate of completion, and more. You can also customize the course dashboard so you have access to data regarding your students’ activity in the course. Depending on the level of access you grant your students, you can even charge them a fee to access certain features in your course like the private forums or virtual team chat.

Selling E-Books

Starting an Online Store

Online stores are a long-term way to earn passive income with little effort on your part. You simply purchase products at wholesale prices and sell them at retail prices. With most online stores, you get paid monthly for simply having the online store as your “inventory.” You can also make money by taking paid advertisements for products you have for sale or by charging a fee for premium products. You can also use your online store as a way to test out new online business ideas and see what works. For example, you can create a store for Selling services that offer passive income like coaching or investing.

Creating an App

Another way to make passive income is to create an app that people use. Companies hire app developers to create apps for their brands, which typically cost thousands of dollars. But when it comes to making money off your app, you’re essentially free to charge what you want. A good way to assess this is to look at which apps are the most popular on the app stores. If a bunch of people has downloaded your app but very few use it, then you can charge a high price for a premium version that provides more features.

Becoming an Affiliate Marketer

If you have experience with marketing strategies or know how to be an effective salesperson, you may want to become an affiliate marketer and earn money from online ads. There are dozens of networks where you can sign up and promote products from different brands. All you have to do is find which products the audience you want to serve will purchase using the product links you earn. Once you find a product you want to promote, simply click the “go” button for the affiliate link and you’re good to go. There is a lot you need to keep in mind before signing up with affiliate marketing networks. The first thing you need to consider is the commission rate you are willing to receive. The second thing you need to keep in mind is the number of products you want to promote. The last thing you need to keep in mind is the deadline to get your sign-up approved.

Selling Digital Products

If you have an amazing product idea or have an extensive collection of ebooks or other products you can sell, then selling digital products is a great way to make money online. These days, millions of people are making money by selling e-books and courses online. There are some programs you can sign up with to get access to sales leads from people who want to buy your product.

Building a Website

One of the best ways to make passive income online is to build a website that provides value to your visitors. The key is to build a site that provides value for your visitors, not for you. You can build a website with a WordPress theme or with your custom development. or you can buy a ready-made site from a company like Squarespace. You can build a site with your custom development, or you can buy a ready-made solution. If you want to make money off a website, avoid building a page that collects traffic but doesn’t provide anything of value. Your website should offer something of value to your visitors and be designed in a way that makes them want to return.

Creating a Blog

Blogging has always been a popular way to make passive income, but with the growth of digital audiences, it’s become even more accessible than ever before. You can use your blog to sell digital products like e-books, digital lessons, and membership sites, or you can simply use it as a platform to share your knowledge and interests with the world. You can also generate revenue through affiliate links, where you are paid a percentage of any sales that your readers make through your link. This can be a great avenue for quickly getting a large number of readers who may have a lot of money in the bank. You can also use your blog as a marketing tool. For example, you can offer a course on how to use a product or service. You can create helpful content, publish it regularly, and collect links from other websites you own or manage.

Selling Stock Photos

One of the best ways to make passive income is to find existing stock photos and then sell them. It’s pretty easy to do. Simply search stock photo sites like Shutterstock, Istock, and PhotoDune to find images you can use in your products. You can also opt to license your photos, which can be more cost-effective. Once you’ve found images, you simply put your watermark on them and then use a stock photo site to start selling them. You can upload images to sites like Shutterstock, iStock, and PhotoDune, and then set your prices. However, some sites like Shutterstock charge a fee for each image sold, so if you have a lot of images, it can be more cost-effective to sell them through stock photo sites.

Selling Stock Video Footage

By far one of the best ways to make passive income online is to find stock video footage online and then use those clips to create your unique pieces. The beauty of this method is that you can be extremely creative. You can put together your unique pieces by combining footage from different producers. You can use sites like Animewatch or Videohive to find footage to use in your videos. You can then start selling those videos on sites like iStock or VideoDune as stock videos. You can also opt to create and sell your videos, using video editing software such as Final Cut.

Selling Digital Art

This one isn’t exactly making cash, but it’s a great way to build up a portfolio of your unique art that you can resell at a higher price, or keep for your use. The great thing about selling digital art is that you don’t need any expensive equipment to create it. All you need is a computer and a drawing program such as Photoshop. You can find a variety of art sites like 99 Designs, Clip Art Library, or Artfire to search for images you can use in your work. Once you’ve found images, simply add your watermark and you’re ready to go. You can set your price and then sell your artwork through sites like iStock, Shutterstock, or Artfire.

Selling Online Consulting Services

Consulting services are one of the best ways to make passive income online, as once again, you don’t need any special equipment to create them. All you need is a computer and an internet connection, which are both free or extremely cheap. You can sell consulting services on sites like Elance, Freelancer, or Upwork, which are all great places to find clients and deliver your services. This can be a great way to make a few extra bucks, either as a side hustle or as a way to supplement your income when you have fewer hours at work or a real job.

Selling Online Subscriptions

Selling online subscriptions is a bit different than selling products. You create a product that is sold on a per-month or per-year basis, and you don’t get paid until the end of that period. When you sell subscriptions, you get money even when the person who buys it doesn’t use it at all. The beauty of this type of business model is that it can be very easy to set up. You simply sign up for a service like a tube prime or Grooveshark and then start selling subscriptions. You can set your prices and make sure you’re charged fairly for your work by using sites like PayPal or Venmo.

Selling Domains

This one might be a bit of a stretch, but you can turn your website into a profitable business. Once you have a website, you can simply sell a variety of domains from .com to .net to .gov. The beauty of this is that almost no one sells these domains, so you can make a ton of money for these domains that almost no one else is buying. You can search for domain sales and find a ton of great domains for sale for very cheap prices. You can then purchase one of these domains, turn it into a website, and start selling subscriptions or selling digital goods from that site. You can also offer paid members-only access to your site, or you can sell event tickets or access to your site.

Selling Hosting Services

If you have a website, you can easily turn it into a profitable business by selling web hosting. This is a fairly similar concept to selling domains, as almost no one is selling web hosting, so you’re going to have a ton of sales. All you need to do is purchase a hosting package and then start selling hosting packages on sites such as Host Gator or Host Machine. You can also opt to resell existing hosting packages on sites like eBay or Amazon.

Selling Sponsorships

Sponsorship ads are one of the best ways to make passive income online, as you simply create the ad, choose your target market, and then wait for the money to roll in. You can find sponsors for just about anything, from fitness to sports to travel. You simply go to sites such as VBS or MediaBistro to find sponsors for your ads, and then set your prices.

Conclusion

Hopefully, these passive income ideas have shown you just how lucrative it can be to build a business around providing services that don’t require you to be in front of a computer all day. The great thing about these types of businesses is that you can work from home, so you don’t need to worry about finding a job that fits your schedule. Moreover, the more passive income ideas you explore, the more money you will earn.