In this article, I will be unveiling the Top 10 Best Passive Income Idea That Will Create Money For You even if you are sleeping. This post also contains the Best Passive Income Ideas and Passive Income Investments for You that is easy to Startup.
The best time to start a business is now. The idea of making money over and over again from a job you did a long time ago is a one that should be cherished. I’ve prepared this article to reveal 10 passive income idea to generate residual income for life. I’ve written a great deal on passive income to make money and create wealth as you sleep.
What is Passive Income?
Like I said in the previous article, passive income is a business where you make money from doing little or no work at all, you simply get paid over and over and over again for work that you did before. It means your money keeps coming without actively working for it.
There are tons of things that you can do to generate residual income for life, you only need your time and money then everything will begin to fall in place. I believe that there are two types of passive income, passive incomes made online and passive incomes made offline.
The Idea of creating wealth as you sleep doesn’t mean that you start a business and go to sleep, it means setting up a business, establishing it, and taking it to a point where it generates money for you when you do little or no work at all.
We live in a world now that makes making money easier than ever. With the internet, globalization and other technologies, we have a different avenue to pursue wealth other than the usual mind defined. A lot of entrepreneurs have created mouth gaping wealth online that will leave you astonished. Here are
BEST PASSIVE INCOME IDEAS FOR 2019
10 passive income ideas to make money online (on the internet) and generate residual income for life as you sleep.
1. Create a Website
Nothing says easy money like Websites. There are tons of sites you can build to create a passive income. You can build a search engine, social media, forum, a dating site, an online casino, tracking site, music site and lots more. This is one of the best passive income idea that you can use to build real wealth online.
This is one of the easiest ways to make money online. You can make looks of money from doing basically nothing. Your users, audience & automated system will do all the work for you. This passive income idea can fetch you over $200 monthly after the first 6 months you launched it. If you can’t create one, consider buying one. It is easier to create wealth as you sleep using this method.
2. Create YouTube videos
The Youtube app on your android phone it another passive income stream you should look at. A monetized YouTube channel is another amazing passive income idea to generate residual income and create real wealth for life, Online, for free as you sleep.
You simply upload a video of you singing, reviewing a product, sharing an idea or doing something hilarious, etc and each time someone watches one of your videos, ads would appear, and you can make money.
Regular people like you and me are making lots of money on YouTube every day. Evantube, Johnny Orlando, and a lot of people are making money on YouTube not just with Google Adsense but also brand deals and marketing.
3. E-commerce & Drop Shipping
E-commerce and drop shipping is one of the easiest ways to make money online. When a person visits your site and orders a product, your system sends the order to the specific manufacturer. This is probably the best passive income idea of 2019 that you can use to create wealth as you sleep.
The manufacturer completes the order by shipping it directly to the customer, then you get paid. With the explosion of E-commerce, drop shipping has become very popular.
This is one of the reasons I separated passive income generated online from passive income generated offline. This is one of the Best Passive Income Ideas You Can Use to Build Real Wealth
The internet is a new world entire, filled with information and endless possibilities. If you are not selling online, you are losing out on a lot of money. You are virtually connected to all your customers and the whole process is automated.
You don’t need to have a large website like Amazon, eBay, Konga or Jumia to start E-commerce, you can simply sell on any of these sites or build your E-commerce site on Shopify or sell your own products on Amazon and have them even ship the products for you.
Creating mobile games is another amazing passive income idea that you’d love. Sanjay & Shravan Kumaran made over $30m in a year from their simple but addictive game ‘catch me cop’. This is one of the easiest passive income idea you can start today if you have any programming skills.
If you have good gaming skills and you made your own game, you’re set to generate a residual income for life. A lot of brands and companies will be all over you for advert placement you can also monetize your games with Google Admob.
5. Social Media Marketing
Millions of people making money by simply uploading a picture of a Pepsi on their social media page. This is Social media marketing. This is also one of the easiest ways to make money online doing what you love. If you can grow any of your social accounts to a reputable page, businesses will be all over you for adverts and promotions. This passive income strategy will allow you to create wealth as you sleep.
If you have a social media account with a massive following, I bet you’ve been contacted by a brand for advertisement. This is one of the easiest passive income ideas on my list.
Almost Everyone has an account on at least 3 social media, a lot of brands have used this avenue as a marketing strategy to increase sales by advertising their products on popular media handles.
6. Lead Generation
This is another interesting way to generate passive income online. Lead generation sites exist to give referrals to businesses, brands, institutions, and companies. You get paid just for referring clients to brands, cosmetics, buildings, company, webpage, etc. This is a popular passive income stream for Bloggers.
You could also make money by having advertisers Note that you would have to understand SEO (Search Engine Optimization) rules in order to make the site successful. Getting your site at the top of search engine pages would be vital to success.
7. Create an Online Course & E-University
Khan Academy is a non-profit organization but still worth millions of dollars. Creating online courses is a wonderful passive income idea and one of the best ways to make money online.
If you are an expert in a particular field (i.e. SEO, weight loss, psychology, gymnastics, etc), you simply set up an online course to teach that subject to amateurs using videos, e-books, sites or messages with pertinent information.
It is fully automated and you get money for the price of the course that you created. If you offer real value, you will attract lots of students and generate residual income for life. You can make an online course on teachable.com, Udemy, Social media and even on your blog.
8. Create a Mobile app
With your app on Google Play Store, Making money online is easy and creating wealth as you sleep is assured. This passive income investment goes a long way and is one of the best passive income ideas to start in Nigeria.
Making your own app is another outstanding way to make a passive income. Robert Nay made $2m in just 2weeks from his app ‘bubble ball’. Just like mobile games, you can also monetize your app with Google Admob and start rolling big.
Blogging is everybody’s favourite and a great passive income idea. This online passive income idea has generated a residual income for a lot of people. A lot of bloggers have share testimonies of how they made thousands of dollars in a month.
This is also one of the best ways to make money online and creates wealth while you sleep. Blogging is just like writing for money and can be combined with any passive income idea on this list, sell ebooks, monetize with Google Adsense, or register as an affiliate immediately after setting up your blog and advertise for brands.
READ MORE: Most Lucrative Computer Skills in Nigeria
If you’re looking for a cheap and a positive scalable way to create a passive income for yourself, starting a blog or buying one is your best bet. You should know that maintaining a blog take a lot of time and work.
Last on my list is affiliate marketing. Affiliate Marketing is one of the most lucrative passive income ideas that you can even start for free. It is one of the best ways to make money online.
his can be a great way to make generate a residual passive income. In affiliate marketing, you don’t refer people to brands but sell the product indirectly. When people click on the affiliate links, you receive a commission, a flat fee or a percentage of the amount of the sale and you can earn from your affiliate link decades posting it on your blog or social media.
Affiliate marketing has been known to be one of the easiest and best ways to make money online as long as you have a good strategy.
These are the 10 Passive Income Idea to Generate Residual Income for Life. These passive income business ideas have proven to be effective and lucrative. Whether you choose to create, buy, or outsource. You are sure to prosper from any of these businesses and generate residual income for life.
Which of the listed item is your favourite or you tried and it worked out for you? Do tell in the comment section below and don’t forget to share with a friend.