In this article, we will discuss 10 ways to make passive income with no money what is passive income? Passive income is money that is usually but not always received regularly without any or only little effort there are several types and degrees of passive income which we will discuss by building different sources of passive income you can earn a good amount of money regularly from work. the 10 different ways to passive income
NO 1: Is passive income through stock investment
Owning stocks and bonds to many doesn’t seem like one of the best passive income ideas yet this is the very basis of private retirement accounts you’re buying stocks bonds and mutual funds that contain both so that you can live off the passive income in retirement companies need money to finance their business so they earn it by either borrowing or sharing stocks through an IPO we have separated this from investment in bonds because of the nature of the two
In the previous paragraph, it was mentioned that this is a share of ownership of a certain entity some entities pay their stockholders every quarter so it is an excellent way of making a living without doing anything but you have to be careful in choosing the company to invest in
NO 2: passive income through cashback websites
Earning a passive income through cashback websites is as passive an income method as any you just need to go about your life as you normally would but with a little more focus on the things that you decide to buy cashback websites combine spending money with earning money this may not be considered something
That will help you go to early retirement but you can still earn money with no effort required from you not to mention that this is completely free all you have to do is sign up for cashback on shopping websites these shopping portals return to members a percentage of the total amount that they spend on their qualifying purchases
NO 3: Selling stock photos online
Stock photos can be a good passive income source if you love to take tons of pictures you can get paid to sell photos online through stock photography websites such as Shutterstock the photos can be for many niches such as travel food or any sports that you like to cover you can put your images for sale as an independent photographer on various stock photography websites
While this can take time to build up if you take thousands of good pictures but you would enjoy the whole process and time spent if love taking photos after all one of the goals of financial independence is to build wealth that doesn’t eat up your time so you can enjoy life and do the things you like to do this is a great passive income idea because it pays you to do what you want to do anyway
NO 4: Amazon FBA
Amazon has become a great source of passive income for people who want to generate extra income for themselves if you have something to sell online you can use Amazon’s platform amazon is huge it’s the third biggest website in the US Amazon also offers a couple of different fulfillment strategies such as the fulfillment by amazon platform also known as fba its fba program is just like eBay
Where you have something to sell and just need to find buyers around the world amazon has more than 175 fulfillment centers which contain more than 150 million square feet of storage space with FBA you get to store your stuff on those shelves you also get Amazon’s world-class customer service and returns along with other advantages like automatic prime eligibility and free super saver shipping
That helps you scale your business fast the other option allows sellers to fulfill their own orders once you’ve launched your business amazon has tools in place to help you take your business to the next level amazon’s advertising solutions create new ways for you to reach and engage shoppers regardless of whether they’re just starting to compare products or ready to make a purchase
NO 5: Lending Money to others for interest-based income
One of the best passive income ideas is to loan money to others and get paid in the form of interest we’re not saying to loan money to a broke friend who never pays you back as a private lender you can link to anyone in your social circle, for example, many home fix and flip investors need access to a source of capital they can tap into very quickly to fund the initial purchase of their properties
NO 6: Starting a blog and monetizing
The passive income through blogging has allowed many to stop exchanging time for money for example as a travel blogger you can set up a WordPress blog and share your experiences with your readers whenever you go to a new place you can write about all the cool things you saw and did there you can make money in a few different ways
You can apply for ad programs like Google AdSense and set them up on the sidebar of your site if any of them click through you will get a small fee from your advertising partner like Google as mentioned above affiliate marketing is one of the various ways to make money online by promoting products or websites to earn a certain percentage as a commission
NO 7: Money Making websites
Many blogs earn revenue from Google ads some may have affiliate income as we described above what most don’t know is that you can buy blogs from the owners and take them over the ideal cases have evergreen content that generates passive income for years alternatively you can build a niche blog
That targets a small subset of the blog’s audience increasing its value to the audience and advertisers you can even increase traffic to all of your blogs by cross-linking to each of them this is one of the better passive income ideas for those who want to do more than a blog on the same subject every day
NO 8: Become a Social Media Manager
You can work from home and manage a few social media accounts of different brands many small business owners do not have the time to keep up with social media so they like to hire freelancers
Who can work from home a career in social media manager management is always in demand as companies fighting for online presence and recognition continue to grow if you have a knack for social media you can help local businesses maintain basic social media pages for contracted monthly fees you need to have a creative mindset writing skills and an understanding of how content works on social media
These skills can be learned through online courses even if you do not have a degree or diploma you need to stay informed about trends and tools in social media marketing technology and advertising Facebook and Instagram are the two most popular social media platforms for local businesses full-time social media managers are paid a heft salary they are responsible for planning to implement managing and monitoring the company’s social media strategy to increase brand awareness and improve marketing efforts and increase sales
NO 9: Drop-Shipping with The Blast of E-commerce
Drop shipping has turned out to be extremely famous here is how it works you make an online store that offers items from certain manufacturers a person visits your site orders an item and your system sends the order request to the manufacturer of that product the maker at that point completes the order by shipping it directly to the person who had placed the order on your site a cool aspect concerning this kind of business is that you don’t have to stock products that you are selling
NO 10: Vending Machine Business
This is one of the often underestimated passive income ideas but it is a great way to make money especially if you have found the right place to install your vending machine but it is a great way to make money especially if you have found the right place to install your vending machine
For example, if one vending machine in a prime location can bring in 50 to one hundred dollars per month if you buy 100 vending machines all in prime locations you may be able to hit an average of one thousand dollars per day like any business most states require vending route operators to obtain the proper permits and licenses required by their local ordinances when planning to start a vending machine business it’s important to check your local ordinances