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We all wish we could make money while we sleep right? Think about it, you can take an extra long holiday while your “passive income stream” makes you money behind the scenes – truly a dream come true.
Now if you are someone wondering what a PASSIVE INCOME is? Let me explain this to you real simple.
You work on something like say design a t-shirt and put it up for sale online, and that product generates sales for you on a regular basis. You only designed the product ONCE, but you are getting paid over and over again for it. That’s what passive income does for you.
Let’s look at a few Passive income streams you can start from home in 2019.
I know you see this at the top of every list passive income ideas, and that’s because it works – and I can testify. There are so many bloggers that work on their blog either full-time or part-time and bring in an income. Blogging does take a little time to steadily bring in money.
I started this blog in early 2018 and was seeing a few hundred dollars roll in from my second month as a blogger. But it took me almost 6 months of research before I got here. So definitely worth considering. The flexibility is amazing, especially as I am a mom to two kids under three, this has given me the opportunity to stay at home and watch them grow.
So how do you make money blogging?
You can earn money by placing ads, link to affiliate products or even sell your own products. The amount of money you make depends on the number of visitors to your site. I sell my own ebook on my site that makes me money every month.
If you are ready to give blogging a try, I highly recommend Siteground to host your website. I have been with them since the start, and they have been so helpful – from setting up to backing up my site and just keeping my site free from hackers – I can’t recommend them enough. Read how I got set up with Siteground the easy way>>
Start your own Youtube channel
If you enjoy being in front of the camera its never too late to start a youtube channel. You make money on youtube the same way as you would with a blog – from ads and affiliates. See those little ads that show up while watching something on youtube? That’s what generates you money. In the description below the video, you can see some notes and links right? If someone were to click those links below and make a purchase you earn a commission.
You can do recipes, hair and makeup tutorials, travel logs, parenting, and toddler videos or just generally even a family lifestyle channel and get the entire family involved. You can even create free classes to help others – knitting, crocheting etc.
Sell an ebook
My dear friend Megan Johnson earns over $50,000 a year selling just one ebook. Yes, just one! You write up its contents and edit your ebook and put it up for sale and that’s your hard work done. Once your book is out there in the market, it starts to sell and makes you money. And since its a digital product, there is no need for you to deal with packing, postage or delivery.
Where to sell and promote?
You can create a simple website and create a post that links to your product. I use a platform called Sendowl to take care of all the transactions. Prices start at just $9 a month and all you need to do is upload the pdf file of your ebook to
Sell affiliate products
Affiliate marketing is known to be one of the best ways to create a passive income. You sell someone else’s product and make a commission when someone buys using your affiliate link. How simple is that? And the best part is you don’t necessarily need to have a website to sell your affiliate products. You can use platforms like Facebook and Pinterest to find potential buyers.
Here is an in-depth tutorial on how to make money with affiliate marketing even if you don’t own a website>>
Create an online course
Similar to creating and selling an ebook, you can also sell a course. This course can include video tutorials and make it more of a personal experience. This is also a digital product, so you get paid for work once done. I have to be honest, it took me more than a couple of months to complete my ebook. There were sick kids in the house and,
Rent your house
Something that doesn’t involve investment or any of your time. If you have a spare room at home -why not rent it out? You can either rent it out on a contract basis for a few months or join hands with Airbnb and rent it to travelers looking for a few nights stay. Either way, you can easily make a few hundred a
Sell homemade crafts
Heard of Etsy?
It’s an online marketplace that you list some of your goods and
Rent things you don’t use
Have you ever considered renting for cash? Yes, there are many legit sites that offer to pay you for renting your stuff. Here are some worth looking into. Rent your car – Turo, Fat Lama, Get around Rent parking space – Just park, Your parking space, Park on my driveway Rent clothes – Style lend
This app is genius and because it is a part of Capital One you know they are a legitimate program you can trust.
How can Paribus make you money?
Pretty simple, you install the app on your Apple device. Once you do your online shopping, Paribus will track all your shopping confirmation emails and track if there is any price drop. And if there is a drop in price for one of the products you have purchased, you will get your refund into your bank account. What an easy way of making money from your shopping, and there is no need for you to contact anyone for a refund. Paribus will take care of that for you. Paribus will access your emails to get your refunds, so if this is something you are not comfortable with, you can create a separate email account and use it for this purpose.
Neilson Digital is another highly genuine company that lets you run their app on your phone to understand internet behavior for their research purpose. You can get paid an easy $50 just for successfully running the app on your device. That’s your 10 legitimate ways of making money from home even when you are on a holiday. That’s the best part of building a career on passive income. You get paid over and over for work once done. If you are looking for some quick ways of earning money, here are some creative ideas.
- 20 Online companies that don’t require any calling
- 5 Side hustles for quick money
- 7 legit survey sites I trust
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