21 Passive Income Ideas For Beginners
The cost of living was increasing while my income stayed the same. At the time, I was reading the book, Rich Dad, Poor Dad by Robert Kiyosaki, which completely changed my mindset about money.
This taught me the benefits of earning passive income and inspired me to find ways to diversify my own income.
Warren Buffett once said, “If you don’t find a way to make money while you sleep, you will work until you die”.
That quote really stuck with me because I wanted to continue earning an income while being able to focus on other goals of mine, like traveling and spending time with loved ones.
Building multiple streams of income is also a good idea in today’s economy because it can reduce risk and lead to personal growth and satisfaction.
For example, learning about investment opportunities or starting a side business can build your skillset and increase your marketability. This is great for young adults.
You never want to put your eggs in one basket, such as getting all your income from one source. You never know when something might happen, which is why having a few different sources of income is the key to protecting yourself.
1. Blogging
Are you an expert on a topic? Do you enjoy sharing stories with others? Do have an opinion on something? Can others learn from your experience to improve their own life?
You can turn your passion for writing into a money-making blog. Earn passive income through display ads, affiliate income, selling digital products, or partnering with brands.
Blogging is not a get-rich-quick thing.
First, you’ll have to figure out what you want to write about (even if it’s a small niche), decide how you want to make money blogging, and finally set up your blog (you can do this with the click of a button).
But once you create a steady income, you can scale your blog to replace your full-time income. I went from making $0 to $20,000+ per month from blogging.
2. Sell printables on Etsy
Printables are one of the best digital products to sell online to earn passive income.
You just need to create the printable product once, then list it for sale on Etsy, and sell it over and over again.
You don’t need to have any graphic design skills. Simply use an online program like Kittl or Canva to create your printable product.
Below are some of the bestselling printables on Etsy right now:
- Chore and reward charts
- Christmas and holiday printables
- Party printables
- Teaching materials and flash cards
- Coloring pages for adults and kids
- Cleaning checklists
- Meal planners
- Budget planners
- Wedding printables
- Stickers
How i make $1k/month as an illustrator with no degree
3. Sell templates on Kittl
Kittl is an easy-to-use design platform which allows you to create professional looking templates (even if you have no graphic design experience).
You can use the platform to create premium templates and earn passive income whenever someone uses your template.
Simply share your Kittl profile link in the bio on your social media or send it directly to your fans.
Some of the most popular templates to make include:
- Logos
- Posters
- Cards
- Labels
- T-Shirts
- Stickers
- Social Media
- Bags
- Flyers
4. Sell print-on-demand products with Printful
Print-on-demand (POD) can be a great way to make passive income online without the risk of losing money.
The industry is expected to grow 25.8% annually over the next several years, so now can be a great time to jump into this low-cost, side hustle opportunity.
To get started, you’ll need to create a digital design (Kittl is a great site for this) and choose a print provider (such as Printful) that’ll take care of the entire process for you.
This means that designs will be digitally printed on-demand.
When a customer makes a purchase – such as buying your design on a t-shirt or coffee mug – everything that happens after the sale, including the digital printing, order fulfillment, shipping, and delivery will be handled by your print supplier.
It’s pretty awesome because Printful will automatically print, pack, and ship the products to your customers, so you don’t have to worry about the technical aspects of running an online store.
How to Make $200 Fast Online or In Person
5. Flip retail products
You can make passive income by buying products at thrift stores or flea markets and reselling them online for a profit.
The most popular websites to resell items on include Facebook Marketplace, eBay, and Amazon.
My friends Rob and Melissa started reselling items from thrift stores as a hobby. Now they earn over $100,000 a year from their resale business.
There’s a wide range of products you can resell, such as vintage clothing, furniture, electronics, kids stuff, books, jewelry, and appliances.
Check out this free workshop that’ll show you 3 insider secrets to help you maximize your profits when it comes to flipping items.
