Top 50 Passive Income Tips, Guides and Ideas for 2022

The fact is that most people make money by working a job 40 to 60 hours a week. This is called generating active income. But what about generating passive income? There are people who have figured out a way to create money without actively working all the time.

Although, generating passive income on the internet may seem like a pipe dream to most people, but it is not. It can be fairly easy generate passive income on the internet, as long as one realizes that it does require some effort, especially in the beginning. But once you have established your product, or business online you can make money even while asleep this article is about the number of ways you can generate passive income online.

What is passive income?

What is passive income? Passive income is income a person gets from a business or product they own but are not continually, and actively involved in. For example, if a person brought an apartment building they are not necessarily involve in the day-to-day operations of it.

They might hire a management company to take care of the building. The management company can maintained the property, hire help and collect the rent. However, the person who owns the building still makes money even though they don’t actively participate in it.

Everyone wants to figure out a way to make money even while they sleep. The ideas listed below are just some ways to generate a passive income. Although, they requires some work and maintenance, they are never-the-less good places to start to creating income you have so far only dreamt about.

Here is a list of Top 50 Ideas, Tips, and Guides about Passive Income

1. Create Digital Products

As a professional who works with customers, you already know what your customers are interested in as well as the information they are looking for.

Turn this information into a sellable product by publishing and selling it. Depending on the topic and the information, you can create digital products of various lengths.

2. Create Audio Products

Audio Products can be delivered in two different formats. They can be instantly downloaded from your web site any number of popular audio formats, or you could burn them onto a CD and physically ship the product.

Either way is a great way to go since many people like to listen to information instead of reading it.

3. Create Teleclasses

Teaching classes over the phone is a good way to demonstrate your expertise to many people at once and to offer your coaching or consulting sessions at a lower price point.

Material taught and discussed during tele-classes can be re-used to create tips booklets, special reports and audio products.

4. Earn Passive Income With Blogs

Everyone says that one of the easiest ways to earn easy money from home is through the internet. Yes, it is very easy to set up an internet business with little or no money upfront but questions abound. How do you get visitors to your site and how to get them to buy your products or click on your pay per click ads?

Firstly, let’s take a look at how to earn money online. You can earn money online even if you have no product of your own. That means that there will be no inventory and logistic costs too.

One of the ways to earn money online is to create a blog. Creating a blog is free. Then go and apply for Google Adsense and Google will put advertisements on your blog. When visitors at your blog click on your ads, google will pay you a commission and you can actually receive monthly payments from Google.

Now, in order for people to come to your blog and then to click on your advertisements, your blog must be found. The best way for your blog to be found is through the search engines because every day, there are millions if not billions of searches done on the internet. What is more, if your site can be found on the internet, then you are getting visitors and potential customers to your blog for free.

The problem is that there are billions blogs and websites out there and people normally don’t look beyond the second page of search engine results. In other words, if your blog do not make it to the first two pages of any search results, it will probably not be found and your dream of making easy money at home will be dashed unless you cough out money and advertise your site.

However, just think about it. What if your blog can make it to the first two pages of major search engines for many of your keywords? Hey, you will be getting thousands of vistors every day and getting hundreds to thousands of clicks on your ads. What happened then is that you are receiving passive income.

Now imagine what will happen when you duplicate this process again and again? You will have multiple streams of passive income without any capital investment or business risks. Setting up blogs is an easy way to earn money, yes, but getting your blog found need some work. However, once it is done, those blogs can almost be left to auto pilot.

Well, there are hundreds of things search engines take into account when ranking your blog so it will be too simplistic for me to explain it in a short article like this. If you go to the internet and type in “search engine optimization” or “SEO”, you will find many articles and books that can teach you how to get top rankings in the search engines.

So you want to find easy ways to earn money? Then learn how to get top search engines ranking for your blog. Other then that, you will probably have to spend some money advertising your blog and the return of investment may not be what you are looking for.

5. Affiliate Marketing Business For Passive Income

Start your own business with affiliate marketing. Affiliate marketing is an effective and easy way to earn passive income. In fact, you can even have multiple streams of income that having financial freedom is no longer just a dream. All you need to have is just a website or a blog and you can in the business of affiliate marketing.

So what is affiliate marketing? An affiliate marketing is a commercial arrangement between a trade merchant and a website owner. The website owner, that is you, allow the use of your blog or website for the promotion of the merchant’s products by linking to the merchant’s website. That’s all you need to do besides, of course, promoting your website.

The merchant pays a commission to the affiliate on all sales generated by the affiliate’s referral. Every time someone clicks on the link on your website and make a purchase, the merchant will pay you commission, sometimes up to as much as 60 to 70 percent of the cost of the product. Affiliate marketing program is a win win situation for the merchant, the affiliate and the customers because all parties win. The merchant gets the sale, you get the commission and the customer gets the product of his/her choice.

Why do merchants want to have affiliates and pay off hefty commissions to you? Well, this is because there are tremendous benefits for the merchant, otherwise the merchant will have no incentive to do so, right?

Affiliate marketing program gives the merchant a wider market to advertise their products or services. Affiliate marketing will give the product or service more exposure than it may get with other traditional advertising. On top of that, the merchant can save money advertising because they are already doing so on affiliate’s websites. In other words, affiliates like you are already carrying the merchant’s advertisement on your sites.

The more affiliates a merchant has, the more people will see the merchant’s advertisements, which can then be converted to sales. Some people equate affiliate marketing as having an army of sales representatives who will do the advertising and will only get a commission if a customer purchases.

You, as an affiliate of the merchant also enjoy many benefits. The affiliate can earn money just by simply by having an ad or link to the merchant’s website, which prospective customers will hopefully click on it and make a purchase. As soon as the customer clicks on the ad or link on the affiliate’s site, he is immediately transported to the merchant’s website.

These potential customers are referrals from your site. When more referrals make purchases, then you will make more commissions. If you have several websites, then you will have multiple streams of passive income. What a wonderful way to earn money isn’t it?

Affiliate marketing is an excellent way to earn money from the comfort of your home. It is your personal home business and there are virtually no production cost and investment risks. The product is already developed and stocked by the merchant, so all you have to do is to just get as many visitors as possible to your website to click on the merchant’s ads and make purchases.

Best of all, most affiliate marketing programs are free to join, so affiliates do not need to have any start up investment costs. There are thousands of products and services which you can choose to market.

So if you want to start your own business without any financial risks, if you want to earn money through multiple sources of passive income, try affiliate marketing.

6. Create E-books

E-books are a good way to make passive income online. Most e-books are fairly easy to produce. They can take from anywhere from a couple of hours, days or months to write, it all depends on the person.

To create an e-book a person will need e-book software, a website, and a way to market their book. The topic of your e-book can vary but quite a few fall into the “How to” category. If you have an idea that does not fall into that category don’t let it stop you from creating an e-book and trying to sell it online.

7. Referrals

Referrals are another way to go to generate a passive income. All a person has to do is create a solid base of people who offer services or products related to your business, and every time you refer their services you will receive a commission.

For example, if you were a selling books online, then your can refer people to book review sites or writers site.

8. Sell Photographs and Videos

You can do this mostly over the Internet. You may live in a big city like Chicago, in a middle of the woods or near a beach like South Beach. It doesn’t matter much where you live. Just use your imagination.

Find your target market before you start. Who are you going to sell the images or videos to? Focus on something specific. Are you going to take pictures about landscapes and buildings? Are you going to sell stock photography? Do you want to gather visual information for travel agencies? You may discover soon how profitable this business can be.

For example, let’s say that you live near a tourism area. You may take your camera and take some pictures or record a movie with information about the most attractive touristic attractions on that area. Then you can sell the files to travel agencies over the Internet.

You can take a few thousand photographs and sell them on Internet image libraries. These companies post samples of your photographs on your websites and once their visitors buy one of your pictures they pay you by sending you a check.

You can get huge exposure this way. Furthermore, you can even have your own website and advertise it through different mediums to boost your sales. This is a good example of how you can get passive income from photography or video taping if you like this business. This is very general information. The money is in the details which I will tell you later.

9. Vendor Machines

I know most people know what a vendor machine is, but for those who don’t know I will explain. These are those machines that you see next to the some walls of malls and big retail stores that sell chips, candy bars, etc. Well this is a good source of passive income too.

If you can set up a few of these machines on strategic places, you would need to repackage them once per week and you will be making money while you are doing anything else. People get into the store, buy the merchandise and then you go around on the weekends, pick up the money and refill the machines.

That’s the basic idea. If on average every machine generates $300 per week and you have 5 machines you would be making around $6,000 per month from this business alone. I think that it is pretty much a nice opportunity to make passive income.

10. Parking Lots

This works better for people who live in or near big cities. Some people buy land as an investment and instead of building a house or an apartment building they use the land as a parking place. They collect a fee for cars to park there. This business can be quiet profitable. You don’t have to deal with tenants, there are less legal restrains and you will have a nice cash flow.

The good thing about this is that you don’t have to buy big land space. Some of these parking lots are located in places where the land is not good for other commercial or residential developments. The owners go to the real estate auctions and get them for a reasonably low amount because of this fact. Then they prepare the land and build a parking place.

You can get these properties at tax certificate auctions and tax sale auctions. You should expect to buy this land for 50% off the retail price. If you calculate your potential market well, you should expect to get your investment back within 2 – 3 years of operation. The rest is pure profits.

11. Start a Coin Laundry and Cafeteria Business

Trust me, this business is profitable. I have combined here two businesses in one. This is passive income because the profits should allow you to hire a couple of employees to take care of everything. The drawback is that it requires a considerably large investment.

So, let’s say that you have your laundry and cafeteria. What else can you do from that space that you are renting or paying the mortgage for? Put up some slot machines if you can and a lottery machine. People gamble a lot. While they are there they would probably want to eat something or try their lucky numbers once more. They may want to throw some coins into the gaming machines too. This will further increase your profits.

The best thing would be to have three: a laundry, small cafeteria and a dollar store all on the same place. Some of the people that come into the laundry will end up buying stuff from the dollar or cafeteria and vise versa. This could be a risky venture and requires large investment, but I think it could be profitable. I am just giving you my opinion here, don’t take it as financial advice.

If you can not have a small cafeteria then you could just put some vendor machines inside the laundry and place some slot machines and lottery stuff inside the dollar store. The idea is to use as much of your square feet as possible.

12. Buy Wholesale and Sell on Retail Stores.

At the time I write this you can still get merchandise from China and other countries for pennies on the dollar. You just need a few contacts and good wholesalers. You don’t even need to sell the products yourself. Have you heard about the dropshipping business.

This a business in which you post the description of the items you are selling on online stores, your own website and online auction websites. Then when someone buys the products you forward/dropship the order to the distributor who ship the item. You get a portion of the profits.

This is another way to earn passive income without having to create, package nor sell anything yourself. Your job is just to advertise.

There are other methods to earn passive and recurring income, but I don’t have time to share them all here. You probably imagine already that one of the biggest benefits of setting up passive streams of income is that you can be working on something else while your income streams generate money for you. This way you can multiply your efforts and ultimately your profits.

It works as follows. You set up your first stream of income. Once it is ready and making money for you, then you just have to spend a few hours per week on it to keep it working smoothly. The rest of the time you use it to set up another stream of income.

Once you have several (10 – 15 or more) you can retire and work a few hours each day to make sure that everything is working ok. This will make you happy. You can be free and work however you want and whenever you want. You won’t need many of these income streams to be financially free. The sky is the limit and there are many opportunities waiting for you . . .

13. Write a Book

Writing can make you money. Focus on something that you know a lot about. It could be related to your job, life experience, school work, hobby, etc. Take a piece of paper and write down the subjects that you are knowledgeable about.

Then write a few sentences or paragraphs about this subject. This will be the summary for your book. If you sell it online like an e-book it doesn’t need to be long. A few (20 – 30) pages will do the trick. Create a few graphics to complement your descriptions and you are on your way to establishing your first stream of income.

Now, there is more to it than just this. How are you going to publish it? What is going to be your target market? How are you going to collect the royalties? How are you going to advertise it? I will tell you all of this later. I am only giving you basic ideas now.

Do you think that you are not really knowledgeable in a specific subject? You are probably wrong. Everyone knows something about some topic that others don’t know much about. You don’t have to be the exception.

What if you can’t type. I will also tell you how you can hire people to do the job for you, but then it will cost you money. It is better if you can do it yourself. Otherwise, you can also choose another way to generate passive income, like the one I share with you bellow.

14. Build a Few Good Websites and Sell Advertising Space

If you can create websites rich in content and attract many visitors per day, some advertisers will want to place ads on your site. What impresses more the advertisers is websites rich in targeted specialized content and high quantities of real daily visitors.

You can get content for your websites from article banks and free e-books libraries. You can create a few graphics too or pay someone a few dollars to create the graphics for you, then offer them for free to your visitors. You see, the more interesting your site is the more visitors you will get.

What makes your web pages interesting is their content. What you offer your visitors once they get there. How useful is your website for them. This may require you to use some imagination. Why? Because as with anything else, there is a lot of competition.

Where you won’t find competition? You won’t find competition in Creativity Land. You know where that is? It is within your head. The more creative you get, the less competition you will find. People will try to copy your stuff anyway, but after you make a couple of millions here and there why worry about the copycats?

The problem is that it is kind of hard to create something new, specially when more people don’t really know what creativity means. For example, building a website is not creativity. There are billions out there.

Creativity is to make something cool that people will want to have it and no one has thought about it before. Because there is no limit to what you can create, there is no limit to how much money you can make. The only limit is your own imagination.

15. Real Estate

Real Estate is one of the best ways to achieve passive income. For example, if you buy a nice property or commercial building and lease it out, and your mortgage payments are less than the rent you bring in, then you have just generated a passive income. The big problem is, of course, that most people do not have the massive amounts of capital required to buy real estate. You don’t need a million dollars to get a real estate investment and to begin making a living. In fact, it is real estate that could lead you to getting the million dollars. If you want to work your way into a residual or passive income from real estate, then following a few specific rules can help you make your investment into your fortune.

If you are thinking of beginning a real estate investment, you can start by finding one property that only needs a little fixing and can be used for other purposes. There are several foreclosures and other types of programs, such as rent to own opportunities. This will give you the ability to make a small investment in order to get a large profit from what you make.

No matter what type of investment you make, it is only a matter of time before you begin to profit off of the investment. Any source will tell you that real estate will naturally build wealth over time. Because the economy and market continues to change and increase, real estate will also continue to increase. No matter what type of real estate investment you make, you can expect to begin profiting for an income that won’t make you work anywhere else.

When you begin your income, you can begin making a residual or passive income. This allows you to make money simply by owning property in a variety of places without having to do the work that is involved with the property. Things such as rental properties can help you to put money in your pocket without you making an effort to go to work.

If you want a change in pace in your career, then you can begin by investing in a place and beginning to build income off of it. Real estate investment is a great way to begin putting income in your bank without having to work long hours and labor at a job that doesn’t offer as many benefits as the real estate business.

16. MLM or Multi-level Marketing

MLM has long been a source of passive income for people that do not have the big money to invest upfront, and while some people shy away from MLM systems, you must understand before going in that the way they work is not like it is in the infomercials. You don’t just join an MLM system and instantly start making hundreds of thousands of dollars – you have to work at it. If you know anyone that has made it big in anytime of MLM business then chances are they put in long hard hours selling. This is a major downside since most people do not like selling. The best way to generate passive income is to find a real business that requires no selling.

But there are successful businesses out there that will generate a consistent and strong passive income without the hassle of selling, and without hundred of thousands of dollars needed to get in on the ground floor. If you are committed to creating passive income for you and your family, and want to start small and build a strong base, then take the next step and .

17. Sports Betting Affiliate Commissions

When big industries and the common man collide, there is usually only one financial winner. However in the online world of opportunity, there are chances to turn this tide and to even start making money off of the backs of the large industry. Affiliate programs offer Internet users the chance to earn money by hosting advertising for specific companies or industries. However the online sports betting industry have come up with another marketing strategy, which is as unique as it is lucrative. Rather than simply giving away a few dollars for a new customer or a small percentage of a sale, like so many of the other programs, sports betting provides a percentage of each players lifetime revenue generated. So an affiliate can earn money just by attracting one or more players, through links on their sites. It sounds simple, because it is.

There are no strings, no hidden charges and no customers to worry about. The affiliate program is a fully automated and highly successful way for big online sites, including the giants of the sports betting world, to spread their brand and encourage new custom. Because of the success of affiliate marketing, sports betting sites and affiliate programs do not charge or discriminate between people who are and are not able to host an advertising package. The more people that join, the greater their potential sphere of influence can grow, with more influence the betting sites can hopefully encourage more customers. For their part, affiliates are given the carrot of a lucrative percentage of each player that they can persuade to join an external site. The more customers, the more money an affiliate can earn. There are no caps, no limits, just those that an affiliate imposes on themselves.

But for those cynical people, who just can’t believe that there must be a catch, there is not. Affiliates are masters of their own destiny, whilst hard work and a little investment can go a long way, they are by no means essential. Others may note that whilst bookmakers may win a high percentage of times, they can’t win every time, therefore making it a slightly rocky industry of ups and downs. It is true that bookmakers can lose as well as win, which will no doubt affect the amount of revenue an affiliate makes. However most programs protect the affiliates from this potential downfall, simply by implementing a stop that does not allow an affiliate to earn a negative balance. With payments coming over a period of a fortnight or a month, this gives sports betting affiliate programs the chance to accurately judge the overall success of an affiliates customers. The worst thing that can happen to an affiliate is to receive no money, therefore if an affiliate doesn’t make any money the onus is on them to attract more players to increase their revenue sources, which in turn favours the sports betting site. There is no guaranteed pathway to affiliate success, but joining the sports betting program can certainly increase ones chances of earning a substantial wage.

18. Stock Investments

Stocks are still the number one way for businesses to build the cash needed to build and grow. However, smart investing requires attention to detail, research and constant care. The days when an investment broker could be trusted to take care of their client’s wealth are gone. Now, the dog-eat-dog stock world is a shark pool where the smart survive.

Smart investors can earn hundreds of thousands of dollars in a matter of months. They can also loose. The risk is big, the earnings are big. Keep in mind the purpose of stocks – to help small businesses grow.

Investors who look for businesses on the verge of expansion will make more money than investors who follow the stocks in a local newspaper, or a stock site.

19. Property Investment

If you purchased a $80 000 property in Spain in 1999, then you have probably already sold it for $1 million. The same if you purchased a $200 000 property in London. Another $50 000 improvements, and you can sell it for at least $1 million.

Bulgaria didn’t bust, but then, that housing market is new.
There are also opportunities in Florida and Texas despite the crash of the sub-prime market. It just takes a determined investor to find them. Property investing is easy to learn.

The days when an investor needs to pay a guru $3000 for a course and to join their network are gone. Today’s investors can buy enough web products to ‘teach themselves’.

After the housing booms of the early 2000s, many banks are now pro-property investor, releasing buy-to-rent mortgages and revolving mortgages specifically created for investors.

20. Work at Home

There are thousands of six figure works at home business people. Most are selling or teaching. However, professionals call this passive income with a laugh on their lips, and tongue in cheek.

Expect to start 5 – 10 programs till you find one that works. Ebay is still hot. The same type of selling at Amazon.com through their fulfilment program is also profitable. Running an online school is a good idea, especially when helping people to improve their lives.

21. Create and Sell a Course

Passive income is a great way to make money without lifting a finger. If you’re looking to make an extra income on the side, consider creating an audio or video course. These courses are great for anything from fitness and cooking to social media marketing and business. You can distribute your course through sites such as Udemy and Coursera, then kick back while the cash rolls in.

22. Do Dropshipping

Dropshipping is a business model where a store does not keep its goods in inventory. Instead, when a store receives an order from a customer, it automatically purchases the corresponding goods from a third-party supplier and has them shipped directly to the customer’s door. Dropshipping is more than just buying items in bulk and then reselling them. It’s also about providing customers with an exceptional shopping experience.

23. Rental Properties

There are many benefits to owning a rental property. These benefits range from the peace of mind knowing that you will always have a steady income to being able to use the equity in the property to purchase more properties. In order to make the rental property truly passive, you can outsource the running of the property to a management company.

24. Flipping Retail Products

With the emergence of online sales platforms such as eBay, Amazon, and Craigslist, people are able to buy products at prices lower than what they would typically find in stores. The savvy entrepreneur knows that they can use these websites to make a profit by selling the items they purchased at a lower cost elsewhere.

25. Do a Printing Shop

Print on demand is an incredibly lucrative way to monetize your creativity. As an artist, designer, or entrepreneur, you can work directly with suppliers to produce your own white label product line and offer it to audiences through a variety of online channels such as Printful, Society6, and Redbubble.

26. High Yield Savings Bank Accounts and Money Market Funds

Banks offer high yield savings accounts and money market funds that are designed to provide investors with a safe, convenient place to earn a higher interest rate.

High yield savings accounts and money market funds are both types of investment accounts that offer a higher interest rate than a traditional savings account or certificate of deposit. They also offer the convenience of being accessible through an ATM or online banking.

Money market funds are typically used as an investment vehicle for short-term cash needs while high yield savings accounts can be used as a long-term investment vehicle.

27. Peer to Peer Lending

People take out peer-to-peer loans for a variety of purposes, including education and business ventures. However, it is important to be aware that interest rates may be higher than traditional loans.

28. Selling Handmade Products

There are three main features you should consider when picking a marketplace: cost, convenience, and customer base. For example, Amazon charges sellers up to 40% for each sale. With other sites such as Etsy or eBay, you only need to pay a small listing fee.

29. Investing in Cryptocurrency

So, what are crypto accounts, and how do they work? Crypto accounts are actually digital wallets that come with a cryptocurrency exchange. When you deposit fiat currency into the account, it converts to the corresponding cryptocurrency. This means that your money is only as safe as the security of your account.

30. Creating a Mobile Application

Creating an app can be a time-consuming and expensive process but it can also be an investment that pays dividends. The upfront cost of developing and marketing an app might seem daunting but it could produce a long-term payoff. Your app might be a game, or one that helps mobile users perform some hard-to-do function, like taking notes.

To become an Social Media or Instagram influencer, you’ll need to build a strong community of people who enjoy similar topics. These people will be your support system and they’ll promote your products in their social media posts. In return, they will receive free products.

32. Certificate of Deposits

A certificate of deposit (CD) is a financial product issued by a bank or credit union. The customer can deposit a lump-sum, and in exchange, the bank agrees to give the customer an interest rate premium for that period of time. The customer is not allowed to withdraw the money for this period of time.

33. Buying a Company

All too often individuals overlook the opportunity to purchase a business and become a silent partner. Though it takes an up-front investment, this can be another passive income source. By purchasing a business, an individual is able to work their own hours, which leads to more time flexibility. Depending on the type of business, there are many other benefits like tax breaks and discounts when purchasing supplies.

34. Real Estate Crowdfunding

Crowdfunded real estate sites are a great solution for those who don’t have the money to buy a traditional property. These sites allow you to invest in real estate with as little as $1,000 and they can provide both short term and long term benefits.

35. Listing your House at Airbnb

If you have an extra room, you can make passive income by renting it out on Airbnb. If you don’t have a spare room or are looking to move in the near future, then renting your home on Airbnb is also an option.

36. Buying REITs (Real Estate Investment Trusts)

A REIT is a company that owns and manages income generating real estate, but it’s not like any traditional real estate company. REITs are structured as a “pass-through” entity and can be publicly traded. This means that the corporate income tax will be paid at the level of the individual investor, which provides significant tax advantages to all investors in a REIT including pensions, endowments.

37. Renting out your Car

If you’re looking for a way to generate additional income, driving for Uber or Lyft might be the perfect solution. You can earn money in your free time and still have time for other activities. Plus, you get to choose your hours which means that you’ll find a work/life balance that’s perfect for you.

Turo is a service that connects people who need to rent a car with people who have cars. If you’re always driving your car for Uber, you can use Turo to rent it out and earn passive income.

38. Investing in a Company thru Dividends Stocks

Dividend stocks are one of the simplest ways for investors to create passive income. As public companies generate profits, a portion of those earnings are funneled back to investors in the form of dividends. If you own shares of a company that pays dividends, you’re entitled to an annual distribution (typically paid quarterly) that represents a percentage of the company’s earnings.

39. Investing in Stock Market

Investing in stocks can be a way to make passive income. This is generally more risky but yields higher potential returns. For example, if someone invested in Apple stock when it was trading at $6 per share a few years ago, their investment would be worth more than $1,000 now.

40. Flipping Websites

Do you love building websites and online stores? If so, you could make passive income selling them. But if you’ve got great design skills and build out some of the content on your website, you could find yourself with a more lucrative business than just building and selling websites.

41. Having a Retirement Account

When you open a retirement account, you can choose how to invest it. One way to earn passive income on a retirement account is through mutual funds. You can choose the level of risk your investments will entail and the amount of risk you are willing to take on.

With Instagram and TikTok gaining in popularity, social media is becoming a lucrative way to make money. You can make money by posting branded content, sponsored posts, or by collaborating with brands that want to promote their product using your social media following.

43. Creating a Youtube Channel

YouTube can be a lucrative income stream for video creators. As long as your videos are being watched, YouTube income is passive after the video is posted. Keep track of which videos perform the best and create videos with a similar topic. As your video library grows, you can generate revenue through ads on your videos, as well as through brand deals or sponsorship opportunities.

44. Refinancing Investment Property

If you own an investment property, then you know the value of extra income. But if your existing loan is eating into your profits, then it might be time to explore an investment property mortgage refinance. With investment property mortgage rates still near historic lows.

45. Renting out your Storage Space

There are tons of ways to create some extra income with that unused space. For instance, you can rent out storage spaces on sites like Neighbor.com, so people have an extra place to keep their belongings for a fee. This is a great alternative for those who want more space without the full commitment of buying and managing property.

46. Putting Advertisements on your Car

You can easily earn some passive income by driving around town with ads on your car. Consider this option if you have a clean driving record and a newer car.

47. Selling your Designs

Design websites are an excellent way to sell your digital creations online. You can offer website themes, logos, branding resources and more through these sites. The market is large and varied with buyers from all around the world.

48. Passive Income via Music Licensing

Music is a great way to make money and there are many different ways to do it. Just like stock photos you can license and earn a royalty off of your music when someone chooses to use it. Music is often licensed for YouTube Videos, commercials, and more. With the amount of YouTube videos out there, it’s an easy way to generate income.

49. Renting out your Extra Parking Space

For those who live in a city, space is a premium. Not everyone has the luxury of owning their own parking space and renting it out is an excellent way to increase your income. You can rent out your driveway on Stow It, an online marketplace that connects people with unused space to people who need it on demand.

50. Buying and Selling (Flipping) Domain Names

One thing you can do to start a passive income stream is to purchase domain names. There are some that are cheap and others that would cost a lot of money because they are in high demand. Domain flipping is a quick and easy way to make money online. You can register a domain name for $1, park it, and then sell it on the open market at a much higher price. Many people have been making thousands of dollars by doing this.

Conclusion

As you can see, there are many ways for you to turn your expertise into products, and generate additional income with it. If you are just starting out, pick one or two different product types, and work on them. Than, add a few more, and you will have different income streams created in no time.