I have been searching in Google on topics passive income ideas 2018 and Passive income ideas for 2018 in India. It was very hard to find Passive income ideas for 2018 in India 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.
Passive income ideas for 2018 in India
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.
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. This is one of the best passive income idea and can generate good amount of money in India.
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. This is one of the best passive income ideas for 2018 in India.
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.
Many of my friends has taken up this passive income idea and started selling their skills in Upwork and Fiverr. 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 passive income source. 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.
A mobile app can give you high stream of passive income for a long time. Make sure you have more than 20,000 users and money will be accumulating easily.
6. Teacher / Tutor for Online Courses to get Income
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. Udemy is a great place to start tutoring and is selected as one of the top Passive income ideas for 2018 in India.
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. You can hire someone to write an E book if you are not able to do so. This person is known as Ghost writer and you have to pay him for the service.
Once e book is published, you can hire a social media or social marketing person. Get much voice around it and start selling it. You will have a successful passive income source in no time.
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.
I know a friend who is earning 3,00,000 lakh per month passively through affiliate sales. It may look up tough in the beginning. Over a course of time, you will get more readers and eventually your passive income stream will widen and boom.
9. New Market Place on Facebook An Additional Source for Passive Income
Ever thought about buy stuff online from Facebook. Facebook Market Place is where you can buy, sell and browse items and buy it from nearby people. Facebook has launched the new Market place where you can upload details and images of the product and get customers around you and from the local community.
New market place on facebook is where To buy and sell Online products that can be new, old, or used. You can buy anything from anywhere whether it is from Canada, Kansas or New York, Brooklyn, NY, Mountain View, California or even Abu Dhabi, UAE from market place facebook.
How to Sell in Facebook Market Place
Go to Facebook, Select Facebook Market Place, Select +Sell Something and write the descriptions of the product.
Type Name of the product
Enter Price of the product
Describe the item
Add images of the product and post.
Once you add the product in market place, it will appear like below. You can select sold when the buyer buy the product.
You can mark the product as Available, if you have more quantity to sell.
I was trying to make it available but it is not working currently. You need to reload the page to make it work.
What Can You Buy and Sell from Market Place on Facebook
You can sell all the stuff in the world and income. Look at the below categories.
Antiques & Collectibles
Arts & Crafts
Baby & Kids
Bags & Luggage
Books, Movies & Music
Cars, Trucks & Motorcycles
Clothing & Shoes – Men
This is an additional income sources to get passive income in india online.
10. Earn Money with Location Neutral Income Automation Dropshipping Business
Location Neutral Income Automation Dropshipping provides you real money by selling products to customers without manufacturing them. A dropshipper is a reseller who import Products to an online Store and sell hundreds of Products directly to customers.
You can start a Location Neutral Income Automation dropshipping website with very less investment and become a successful dropshipper. In this post, I will share you how I started my drop shipping website and step by step guide to begin dropshipping.
I will explain concepts on Location Neutral Income Automation dropshipping websites, dropshipping wholesalers, dropshipping suppliers, dropshipping shopify, dropshipping amazon and aliexpress dropshipping.
Things You Need to Have to Start a Location Neutral Income Automation Dropshipping Business
There are a couple of things you need to have to start with dropshipping business. I will explain them clearly.
Domain – How to Purchase a domain: Went to GoDaddy.com, bought a domain called healthcostaid.com for 99 Rs. Login to GoDaddy, DNS settings, changed default nameserves to siteground namesevers.
Hosting – Went to Siteground.com, bought a wordpress hosting start up plan for $3.95/mo. It costs me $47.40 USD for an year. Login to C Panel, installed SSL certificate for free using Lets Encrypt. Installed wordpress from cpanel with https.
Woocommerce theme – Went to themeforest and searched for e commerse templates, dropshipping templates, ecommerce woocommerse wordpress template theme. Selected Woodmart theme. Went to wplist.org and got the free version of the template. Downloaded the theme. Went to wordpress admin panel, appearance, themes, add new and added the theme. Edited the theme, changed the sliders, pictures, logo. I used Canva to change the logo.
Alidropship Plugin – You need to buy the Alidropship plugin from Aliexpress. The actual cost is 89$ but you can purchase the plugin for US $66.75 by using this link with adding coupon code woo25. Download the plugin to your computer and install in wordpress.
Alidropship Chrome Extension – Go to Chrome store and Download Alidropship Chrome Extension. This will make it easy for you to import products from Ali express.
Amazon Seller Store – You have to have Amazon Seller Store Account in order to start selling products in Amazon. Make one using this link and get free rewards.
You need to know some trending products to start with. You can use Trend hunter for this.
How to Get Best Selling Products List for Location Neutral Income Automation
There are mainly 3-4 websites I choose to get best selling products.
Interest on bonds/fixed income investments,dividends
Booked profit on equity investments using screener.in, Zerodha Varsity
Trade/ invest in cryptocurrencies like Bitcoins, ripple, ethereum using bitstamp and shapeshift
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 2018 in India
Freelancing work for webdesign
Data Entry in Fiverr, WorknHire and Upwork.
Photography with Baby shoots, pre/post weddings.
Photography by selling photos in shutterstock and istockphoto.
Write blog, writes articles in Hubpages, app reviews and get money from Ads from Google Ad sense.
Creating and buying Apps from CodeCanyon and earn from Google Admob.
Running a coupons website
Advertising Local Businesses/Restaurants/ Local Products/ promoting Events through regional facebook pages and instagram using IFTTT.
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.
Acuhealer after doing one year accupuncture course
Write an ebook and sell it in Amazon.
Create an online course or online guide
4 Passive Selling Online Income Ideas in India 2018
Selling books on Amazon
Affiliate Marketing – Recommending books and courses in Amazon and Udemy
Hand paintings on Kurtis, Sarees, Bedspreads etc
Reseller of ladies wear, handbags, jewellery, sell clothes, quilled jewellery, keep sake items, creative art, wooden toys etc.
17 Passive Business Income Ideas 2018 in India
Tuition for students – high-paying tuition (2-3k/hour) for GMAT students.
Driving auto/ Cab for families on calls
Having a Uber / Ola car with dedicated driver. The legal liability on accidents is with the car owner.
An ice cream Parlor
A small coffee farm(with pepper and cardamom)
Buy smaller properties in Tier 2 cities with the help of distant relatives and rent it
Take classes in a private coaching institute
Gives money on interest at the rate of 4 percent per month. The lending system works 15% annually normally.
Conduct chocolate making and Ice cream making workshops
Providing digital signature by becoming sub LRA
Real estate broker (for selling/renting land, house etc]. Broker gets anywhere around 2-3% as commission
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.