How to Make Passive Income: 9 Ideas to Gain Money

Learning how to make passive income can help you increase your earnings without investing too much. You can implement passive income ideas to get extra money every month, aside from your job. 

The Internet offers thousands of possibilities to create your own business or partner up with companies that already focus on helping people find alternative ways to make money. Check out the article and discover ideas that may inspire you.

What Is Passive Income?#

Passive income requires little or no labor to earn money. For example, when you rent a house, the rental money is a passive income because you don't need to work to earn it, besides taking care of the property. The income comes from the fact that you own the rental place, 

Another example of passive income is when you are a shareholder in a company and receive stock dividends. Passive income is the opposite of active income, which refers to the money you earn by working, for example, the salary you receive every month due to the services you provide to a company. 

9 Passive Income Ideas#

1. Share Unused Internet Bandwidth#

Did you know you ou can earn extra money by sharing your internet connection? There are companies that enable you to do that. All you have to do is download their app, sign up and choose how much-unused bandwidth you want to share. 

2. Write an Ebook#

Another way to make passive income is by writing an ebook. You can publish and sell the e-book all by yourself, which requires considerably less investment compared to launching a physical book. 

You have the alternative to create your website to commercialize the ebook and develop digital marketing strategies to promote it to your target audience. Besides, an ebook doesn't need to be too long, many of them have around 30 to 50 pages. However,  it's important to be an expert on the topic you are going to approach.

3. Sell Stock Photos#

Platforms like Shutterstock and Getty Images allow people from all around the world to commercialize the photos they take using their platforms. 

First, you need to choose where you want to sell your images, and, after being approved, license your photo's copyrights to be used by everyone who downloads them. You will be paid every time someone uses one of your photos. You can sell different types of images such as photos of landscapes, products, animals, events, and much more. 

4. Create an Online Course#

What can you teach people to do? If you are an expert in any subject, you may use it to make extra money by creating an online course.

For example, if you are a professional photographer, you can take classes teaching people how to make great photos using their smartphones or how to edit them. If you are a web developer, you can take courses about different types of computer languages. 

Producing the course isn't as complicated as you may think. First, you need to plan the course modules and create a script for each class. After that, it's time to record, which you can do in your own house. Once the course is finished, choose the platforms where you want to sell your course. 

5. Join Affiliate Programs #

You can use your social media pages and blog to profit by promoting affiliate links. Companies worldwide have affiliate programs where they partner up with affiliates who receive a commission fee for each sale made through their link. 

For example, if you have a blog about fashion and beauty, you can sign up for an affiliate program from a makeup brand, and recommend their products. Every time someone buys a product using your link, you will get a commission. 

6. Create a YouTube Channel#

YouTube pays creators based on the number of ad views you get on each one of your videos. Therefore you can make passive income on every video you publish. However, your content needs to meet the platform criteria to be monetized. 

Other possibilities to profit from YouTube are by publishing sponsored videos and also promoting affiliate links. 

7. Print-on-Demand#

If you are an illustrator, graphic designer, or painter you can make money by selling your art and partnering with a company that will be responsible for printing it, and delivering it to the client. You will be in charge of making the art images and promoting them, but you won't need to have an inventory or deal with the logistics. 

8. Sell Templates#

Another possibility when it comes to how to make passive income is selling templates, for example for websites, newsletters, and social media posts. You can sell them on platforms like Canva, and earn money every time someone uses one of your templates.

9. Sell Ad Space on Your Website#

If you have a website, you can profit by selling ads on your web pages. You have the choice of commercializing the ads by yourself or using programs like Google AdSense. In the second case, Google will be in charge of finding suitable advertisers for your website, and you will receive a commission based on the number of clicks each ad gets. 

Start Earning Passive Income#

Now that you have learned how to make passive income in different ways, analyze what option suits you best, and start putting your ideas into action. You can have more than one passive income and use it to complement your monthly income or to save money for the future. Remember to plan carefully, and keep track of your investments.