March 6, 2018

Passive Income Ideas for Making Money While Sleeping

2018-03-06T09:51:00+05:30

I have been searching in Google on topics passive income ideas 2018, passive income ideas uk, passive income ideas reddit and passive income ideas in United States. It was very hard to find passive income examples and ways to do  passive income investments. I decided to compile all the information and make a post on how to make passive income online and how to create passive income with no money. This step by step guide will help you to generate passive income and your friends and relatives for making passive income.

What is Passive Income

As the name suggest it is income in passive way without the active involvement of the person. To explain more, most of us work from 9-5 to earn money and that is active involvement. Suppose you have a property and you are getting a nice rent from it. That is called passive income.

Online businesses are popular way to earn income and it can provide you with customers from all around the World.

8 Profitable Online Passive Income Ideas for students

Here are 8 Profitable Online Small Start up Business/Freelance Ideas for students without investment or with low investment to make small profitable business and high profit to start with.

"Amritha was in confusion before. She know how to make and design ornaments and she wanted to sell it through online to reach to more customers. She started her own online store and after six months of marketing, she is earning 5000 rs only through online by selling her handmade crafts!!." Why cant you become like her and earn some income?

 For offline business, you have to spend lots of days to find a suitable business location, affordable building, staffs, and other infrastructures. Online business is much  easier to start, with cheaper investment.


Passive Income Ideas for Making Money While Sleeping
8 Profitable Online Business Start up Business Ideas - Cite shipmethis.com for using this image.

1. Specialized Retail Service Provider

There are thousands of commercial wholesale retailers who have large number of inventories like Amazon, Flip Cart etc. You don't need products of your own where you have to worry about storing, making and selling your products. You need to start an online store as a start up for providing specialized retail services for customers. Read my latest post: Create Best Online Stores with Practical E Commerce Platforms for details about online stores. You may also need a web hosting service with an integrated shopping cart. 

2. Social Media Consultant

Social media marketing is a popular way to gain customers. Large number of firms and private companies /firms need social media marketing to spread information about their products and services and gain customers. Some of these companies may not be able to post staffs for this and they will hire somebody who is an expert in social media marketing in a contract basis. You need to search for these companies and post your expertise and experience. You can work in a home basis and part time to earn a good income. Find more on Alexisgrant.com

3. Web Creation / Design and Layout Optimization

Do you know some bits of coding in xHTML, and some designing sense and experience, then you can do web designing and layout optimization. You have to find jobs that related to website creation / Design in freelancer websites. You need to ensure good customer support for building your reputation. You also need a port folio like this for getting clients. Go to 50 freelance job sites for designers and programmers to know more.

4. Online Internet Researcher

As I said before, there will be lot of companies which need skilled online researcher to contribute to the SEO growth as well as keyword research. Being an online researcher is a profitable business. Once you establish yourself, you can earn up to 45 dollars per hour. Not bad, Hah!!. You may have to find some established companies that will give you a push in this field unless you will have to suffer hidden conditions of fraud companies. There are Freelance Internet Research Jobs Online and Internet research jobs as more resources.

5. Mobile app Developer / Assistance developer

Developing an app is a cumbersome task. Skilled developers will always get good pay and there is a need for them. You can start by assisting main developers by finding bugs and try to correct it. This way you will get much exposure to the codes and programming and later on you can establish yourself in the field. You can find good freelancer jobs using Elancer.com.

6. Teacher / Tutor for Online Courses

There are thousands of students looking for teachers/tutors for language, technical, IT courses. You may not need proper qualifications for starting an online course.You do not need experience in teaching / tutoring /  lecturing people. If you have good knowledge regarding cooking, playing musical instruments, language skills etc, you can start your own courses and earn money. There are online tutor courses where you can learn and acquire skills to become a good tutor.

7. E book marketing

E books are a good way to get income. There are thousands of free e book self publishing services which you can access. You may need a catchy title, original content, and a good marketing skill. You can use Amazon's Kindle Direct publishing tool

8. Affiliate, Referral and Niche marketing 

As everybody know affiliate, referral and Niche marketing is a popular way to earn money. You may need to invest lot of time for research and visitors. But once you get a flow, things will get smooth. Some affiliate marketing companies that provide good revenue are FlipKart, Commission Junction, Amazon affiliates, Shopify.

4 Passive Income Ideas From Investments

  1. Interest on bonds/fixed income investments,dividends
  2. Booked profit on equity investments using screener.in,  Zerodha Varsity
  3. Trade/ invest in cryptocurrencies like  Bitcoins, ripple, ethereum using bitstamp and shapeshift
  4. Invest in small businesses by people whom no bank or financial institution lend money like  small tea and snack serving shop

16 Passive Freelancing Income Ideas

  1. Freelancing work for webdesign
  2. Amazon mTurk
  3. Fiverr
  4. Google pokerhigh
  5. Data Entry in Fiverr, WorknHire and Upwork.
  6. Photography with Baby shoots, pre/post weddings.
  7. Photography by selling photos in shutterstock and istockphoto.
  8. Write blog, writes articles in Hubpages, app reviews and get money from Ads from Google Ad sense.
  9. Creating and buying Apps from CodeCanyon and earn from Google Admob.
  10. Running a coupons website
  11. Advertising Local Businesses/Restaurants/ Local Products/ promoting Events through regional facebook pages and instagram using IFTTT.
  12. Medical transcription. Per line qa fetches 3 to 7 Rs per line and typing fetches 1 to 5 one per line depending on your experience and accuracy percentage.
  13. Acuhealer after doing one year accupuncture course
  14. Teaching Yoga
  15. Write an ebook and sell it in Amazon.
  16. Create an online course or online guide

4 Passive Selling Online Income Ideas

  1. Selling books on Amazon
  2. Affiliate Marketing - Recommending books and courses in Amazon and Udemy
  3. Hand paintings on Kurtis, Sarees, Bedspreads etc
  4. Reseller of ladies wear, handbags, jewellery,  sell clothes, quilled jewellery, keep sake items, creative art, wooden toys etc.

17 Passive Business Income Ideas

  1. Tiffin service
  2. Tuition for students - high-paying tuition (2-3k/hour) for GMAT students.
  3. Driving auto/ Cab for families on calls
  4. Having a Uber / Ola car with dedicated driver. The legal liability on accidents is with the car owner.
  5. An ice cream Parlor
  6. A small coffee farm(with pepper and cardamom)
  7. Rented flats
  8. Buy smaller properties in Tier 2 cities with the help of distant relatives and rent it
  9. Matrimony business
  10. Employee referral 
  11. Take classes in a private coaching institute
  12. Event management
  13. Gives money on interest at the rate of 4 percent per month. The lending system works 15% annually normally.
  14. Conduct chocolate making and Ice cream making workshops
  15. Providing digital signature by becoming sub LRA
  16. Real estate broker (for selling/renting land, house etc]. Broker gets anywhere around 2-3% as commission
  17. Rent out unused rooms for Airbnb and get rent.
You can use different methods like search engine optimization, website design optimization, social-media networking, email marketing and content marketing for building up fans and generate much more income.

Updates: More Passive Income Ideas for Making Money While Sleeping

Peer to Peer: Have you heard about Peer to Peer lending platforms. You can give money to a person via online and that person will give back money to you with interest. There is always the risk of default.

Get cash-back rewards: Have you used PayTM and other similar online apps to book flight tickets, train tickets, mobile recharges ec. You may have entered promo codes and got cash back from it. If you can scale it to your friends, relatives and family members for doing recharges and get similar cash backs, you can earn a good amount of pocket money.

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