31 Smart Passive Income Ideas That Actually Work _ Ways to get money, Smart passive income, How to g
25. TEACH YOUR EXPERTISE
INITIAL INVESTMENT: 1/10
RISK: 1/10
TIME: 8/10
MONEY GAIN: 7/10
Teaching your skills by creating an online course has the potential to become a fantastic way to earn passive income.
There are plenty of people that make a living by selling online courses. You can create videos, e-books, checklists, and audio files to supplement your lessons and share your passion with others.
Creating different courses at different prices can help you to maximize your chances of selling them.
The best online websites that make it easy for you to sell your skills and create online courses are:
If you are seriously interested in generating passive income by starting an online course, a great place to start is the Teachable free webinar. Teachable offers free live training to help you launch your online course in no time. You can claim your free spot by clicking here.
26. FLIP DOMAINS FOR PROFIT
INITIAL INVESTMENT: 2/10
RISK: 2/10
TIME: 4/10
MONEY GAIN: 6/10
This is the idea: you purchase domain names for cheap that can be valuable to companies in the future, and then you resell them for a profit.
Some people made millions by purchasing the right domain name, although most of their success is due to luck!
You need to do your own research and make sure you pick keywords that can make you money. A great place to start is to select a specific niche, narrow your focus, and find out what domain names could sell well in that niche.
If you want to try it out, make sure you don’t spend much money on a domain. Don’t invest more than $10-$100 to start with, and remember, the money is in your sales abilities, not necessarily in the name.
There is only one domain name, and if someone wants it and you own it, your negotiation skills will make the difference between a small and a big profit.
27. SET UP YOUR YOUTUBE CHANNEL
INITIAL INVESTMENT: 3/10
RISK: 1/10
TIME: 9/10
MONEY GAIN: 7/10
I won’t lie: it’s not easy to make money from a YouTube Channel. You will need to create quite a lot of video content before you can earn a significant amount of money. But if you pick the right niche and manage to create great and valuable content, you will get organic traffic from YouTube and Google.
You can make money by displaying ads on your channel and will get paid every time someone watches your videos.
On the plus side, great quality video content is relatively scarce compared to text-based content. Also, people prefer watching a 5-minute video recipe to reading a long set of instructions.
Right now, the market is less competitive. If you have great video and editing skills, you should give it a try!
For more info on how to make money with YouTube and start your own channel, check: How much do YouTubers Make? And How Do They Really Make Money?
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