31 Smart Passive Income Ideas That Actually Work _ Ways to get money, Smart passive income, How to g
28. LICENSE YOUR PHOTOS
INITIAL INVESTMENT: 2/10
RISK: 1/10
TIME: 6/10
MONEY GAIN: 4/10
If you have a great eye for the perfect shot and friends keep telling you how beautiful your photos are, you can select the best pictures from your hard drive and make money by selling them online.
You don’t have to be a professional to sell photos: you still have the opportunity to earn some money, even if you are a novice.
Most websites pay you based on the number of downloads: you get paid a percentage every time someone downloads one of your pictures. So once the pictures are uploaded, you will earn passive income every time someone buys them.
Best websites to sell your photos online:
If you want to learn more about making money by selling your photos online, check out my in-depth guide on How To Sell Photos Online.
29. LICENSE YOUR MUSIC
INITIAL INVESTMENT: 1/10
RISK: 1/10
TIME: 7/10
MONEY GAIN: 5/10
I am probably the last person in the world that will make money passively with music! The last time I tried to learn the piano, I was 13, and let’s just say Beethoven wouldn’t be impressed!
But if you love composing your own music, you can make thousands of dollars by licensing it to be used on many platforms: from YouTube videos, computer games, and movie trailers to TV adverts or corporate promotional videos.
By creating stock music, you can earn royalties (a bit like with photos) every time someone downloads and use your music for their productions.
Some great places to start selling your music are:
30. DEVELOP AN APP
INITIAL INVESTMENT: 4/10
RISK: 6/10
TIME: 7/10
MONEY GAIN: 7/10
Building an app can cost quite a bit of money unless you are a developer yourself. But if you can get together with people with the right skills and come up with a clever idea, you’ll be able to generate a nice little income every time someone downloads your app.
The best way to develop an app successfully is to look for gaps in the market and apps that will help people solve a problem. You can also look for apps that have been downloaded many times but have a terrible interface or poor user experience.
If you think you can do something better, give it a shot!
31. SELL PRINTABLES ON AUTOPILOT
INITIAL INVESTMENT: 2/10
RISK: 1/10
TIME: 7/10
MONEY GAIN: 6/10
If you love design and have an artistic soul, selling digital products on Etsy could be a great way to earn passive income.
Digital products require little maintenance. Your customers will simply receive a link to download them (which means you don’t have to worry about shipping and returns handling). All you need to do is spend time upfront to create beautiful artwork! (Easy, right?)
Some examples of the most popular printables include:
- Greeting Cards
- Wall Art
- Organizer
- Decorations
- Invitations
Are you a great cook? You can sell meal plans and recipe cards. Are you a fanatic organizer? You can sell beautiful planners or calendars. These are just a few examples: there is no limit to your imagination!
You can simply use your knowledge and expertise to make beautiful products. As long as your printables are appealing to your target audience and of high quality, they will sell!
Julie, for example, earned $700 in a week while on a sky vacation selling printables on Etsy!
Download Julie’s free Ebook to learn how to sell printables on Etsy here.
And for more inspiration, check out: 20 Easy Things To Make And Sell Online For Extra Cash, and then open your own Etsy shop to make money.
Ready To Pick Your Favorite Passive Income Ideas?
I know there are plenty of people out there that don’t believe in passive income.
But it’s real.
Either understand passive income or work much harder than you need to for the rest of your life. It’s up to you.
Passive income requires work, but IT IS POSSIBLE to make money while you sleep!
You might have to sacrifice time, no matter what ideas to make money you go for, but if you want it badly enough, you’ll get there and it will be worth it!
My favorite passive income ideas (mostly because I am working on them already and can see the results) are:
- Buying index funds and ETFs
- Investing in a rental property
- Creating a blog
And I am seriously looking into:
- Writing an e-book
- Selling photos (well, Dan’s photos, really! But don’t tell him, lol)
- Starting a YouTube channel
Remember, if you want to achieve financial freedom and quit your job, you need to start thinking about earning passive income today!
