7 Passive Income Ideas to Start Earning Money from Home

What if I told you that you can start earning a huge sum of money right from your home?

All you need to do is to sit on your couch in front of your laptop, work your magic and BOOM!

(Source: https://www.listenmoneymatters.com/passive-income-ideas/)

You’ll be receiving that “Your account has been credited XXXX” text within no time.

Sounds a dream, right?

It’s the era of digitalization and it has never been easier to start earning some passive income. In fact, in most cases, you wouldn’t even need to quit your job.

Begin small and soon, you will witness yourself earning more bucks than your monthly salary.

So, the question is:
“What’s the first step?”

Well, for starters, you need to explore your skillset. You need to carry out thorough research and choose which idea will you be going with.

Is being an affiliate marketer something that you might love? Or would you love to start offering your high-quality services on freelancing platforms such as Fiverr, Upwork, etc?

In the end, it’s up to you to make the ultimate decision.

In this blog post, we will take a look at the top 7 passive income ideas that will help you start earning some extra cash.

Well, then!

Let’s dive in, shall we?

7 Passive Income Ideas You Should Know About

Listed below are the ideas we will be taking a look at:

  • Affiliate Marketing
  • Create A Digital Product
  • Offer Freelancing Services
  • Social Media Marketing
  • Sell Products On Flipkart, Amazon, etc.
  • Dropshipping
  • Create YouTube Videos

Let’s take a look at each one of those ideas.

Affiliate Marketing

Did you know that various affiliate marketers all across the world earn a seven-figure monthly income right from their home?

Sounds awesome, right?

(Source: https://medium.com/digital-reflections/affiliate-marketing-as-a-new-marketing-strategy-e0a5deb9040e)

Affiliate marketing has been around for quite a few years and it still hasn’t lost its touch.

Affiliate marketing is all about promoting other business’ products or services. Whenever someone buys a product or service via your promotional activities, you will be subject to a specific commission fee.

However, in order to become a successful affiliate marketer, you need to entirely dedicate yourself to your goals.

Start your own blog.

Appear legitimate and genuine.

In order to get your journey started, you need to choose the right affiliate program for yourself. Listed below are the top 10 affiliate marketing programs you should know about in India:

  • Flipkart Affiliate        
  • Amazon Associates
  • Optimize
  • vCommission
  • BIGROCK Affiliate
  • MakeMyTrip Affiliate
  • Komli
  • Clickfunnels
  • Kinsta
  • Shopify Plus

Create A Digital Product

“0-10K Instagram Followers in Just 30 Days.
Buy Our E-Book TODAY!”

If you are facing a hard time establishing your dominance on Instagram, you will definitely buy this eBook.

That’s because I am focusing on your pain point and providing you with a solution to your Instagram problem.

(Source: https://www.prestashop.com/en/blog/5-benefits-selling-digital-products-online)

That eBook right there is a digital product.

There are tons you can dive into such as:

  • Online Guides
  • eBooks
  • Courses
  • Application
  • WordPress theme

Anything that will add value to the lives of your target audience online is considered as a digital product.

I’ve seen businesses earn millions of bucks by selling digital products to a wide range of target audience.

Explore your skillset. What’s your passion?

How can you add value to the lives of your audience?

Answer these questions and soon, you will have an idea of what to create.

Offer Freelancing Services

Know how to design a logo?

Or is copywriting your passion?

(Source: https://thenextweb.com/offers/2019/11/17/want-to-captain-your-own-career-learn-to-be-a-successful-freelancer-for-under-20/)

There are tons of freelancing platforms where you can create your own gig and start attracting your target audience from all across the world. Here’s a list of the top 10 that I personally love:

  • Upwork
  • Fiverr
  • Freelancer.com
  • PeoplePerHour
  • Toptal
  • Guru.com
  • 99Designs
  • Bark
  • DesignCrowd
  • Nexxt

You definitely might have heard this famous dialogue:

“If you are good at something, don’t do it for free.”

What are you really good at?

Is it website designing?
Is it copywriting?
Or maybe application development?

There are so many skills you can offer.

Choose the one that you are really good at and soon, you will soon witness yourself earning a huge amount of money.

Social Media Marketing

Love scrolling your Instagram or Facebook feeds?

Do you post often or love to interact with your audience?

What if I told you that you can start earning money by handling various business’ social media profiles?

To begin with, you can head over to some Facebook groups and start posting your gig.

(Source: https://www.pexels.com/photo/apps-blur-button-close-up-267350/)

Or you can even build your own website right from scratch and position yourself as an expert social media marketer.

Maybe, you can even attend some conferences or meet-ups to expand your network and get your side hustle up and running.

As a social media marketer, you will be in charge of creating a social media content calendar, posting high-quality posts on the businesses’ social media feeds, interacting with their target audience, running ads and much more.

But, it’s one of the most profitable side hustles out there.

And if you don’t already know anything about it, I’d recommend you to opt for a course that would help you understand everything there is right from scratch.

Sell Products From Flipkart, Amazon, etc.

Don’t you love shopping your favourite products on Flipkart or Amazon?

I definitely do.

(Source: https://www.easyops.in/blog/ecommerce-data/)

One of the most amazing things about these e-commerce platforms is that you can become a seller on the marketplace and start offering your own products and services.

I actually have some friends that earn a decent six-figure monthly income by selling their products on various eCommerce platforms such as Flipkart, Snapdeal, Amazon, etc.

Or maybe you can even start your own e-commerce platform by building your own website right from scratch.

What’s the difference between both of the options?

Well, there are millions of people who shop products and services on these e-commerce platforms. However, that wouldn’t be the case with your website. You’ll have to build your audience right from scratch.

However, with a website, you won’t have to pay any commission fees.

The choice is entirely yours.

Dropshipping

Dropshipping has turned out to be one of the most amazing tactics for people looking forward to starting their own ecommerce store.

What are the benefits of dropshipping?

(Source: https://www.oberlo.com/podcast/dropshipping-questions-answers)

For starters, let’s assume that you decide to sell your own product. In that case, you’d be responsible for taking care of the shipping, logistics, and various other additional things.

In case of dropshipping, once a customer places an order, you need to forward that order to your dropshipping partner. And they’d be responsible for everything moving forward.

Listed below are the top 5 dropshipping platforms in India:

  • Magneto
  • Shopify
  • WooCommerce
  • OpenCart
  • BigCommerce

Create YouTube Videos

Thousands of videos are uploaded on YouTube each minute.

Millions of people are watching videos on YouTube right at this very moment. Various popular YouTubers such as PewDiePie, Ashish Chanchlani, Bhuvan Bam, are currently at the top, just because they started their own YouTube channels and were dedicated to it.

Sounds like a dream, right?

(Source: https://www.disruptiveadvertising.com/video-advertising/youtube-advertising/)

For starters, it won’t be easy. Sometimes, it’ll work out. Whereas, sometimes, it won’t.

But, if it does work out, you will be earning huge bucks right from your house.

All you’ll need is a huge subscriber base and great engagement.

It’ll definitely take a lot of your valuable time. But, if you want to succeed, you need to be dedicated to your goals.

Once you start witnessing a huge amount of people interacting with your videos, it’s time you started monetizing them and start earning money right from your home.

Conclusion

Is starting your own side hustle worth it?

Definitely yes!

But you need to be dedicated to your goals. You need to spend additional hours to turn your dream into reality.

What’s your passion? What’s the thing you just love doing?

Once you answer this question, you’ll know what to do next.

And in the end, the time and efforts that you spent on your side hustle will all be worth it.

So, what are you waiting for?

Get Started TODAY!