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
Passive income ideas for 2018 in IndiaHere 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.
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
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
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
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
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 developerDeveloping 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 IncomeThere 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
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
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
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
What Can You Buy and Sell from Market Place on Facebook
- Antiques & Collectibles
- Arts & Crafts
- Auto Parts
- Baby & Kids
- Bags & Luggage
- Books, Movies & Music
- Cars, Trucks & Motorcycles
- Clothing & Shoes - Men
10. Earn Money with Location Neutral Income Automation Dropshipping Business
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
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
4 Passive Income Ideas From Investments
- 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
- Amazon mTurk
- Google pokerhigh
- 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
- Teaching Yoga
- 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
- Tiffin service
- 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)
- Rented flats
- Buy smaller properties in Tier 2 cities with the help of distant relatives and rent it
- Matrimony business
- Employee referral
- Take classes in a private coaching institute
- Event management
- 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.