Once we know what passive income is , it’s time to get down to business, what are some examples of passive income? study the best examples of passive income, and start creating at least one income each year .
In this article we are going to see examples of all the types of passive income that exist , from those that are obtained online to those that are related to sales, passing through investments.
Let’s go there:If you want to get rich, focus on earning, conserving, and investing your money. If you want to be poor, focus on spending the money -T. Harv Eker Click To Tweet
Best Passive income examples
1- COPYRIGHT FOR PHOTOGRAPHS, VIDEOS OR MUSIC
Today there are many platforms such as Envato or Shutterstok where content creators buy images for their websites or music and video sequences for their videos. If you like this niche, you can sell them automatically and receive royalties every time someone uses them.
Creating relevant content on YouTube is a good way to build your brand or tell your story to inspire others. Once you get an audience, you can monetize with YouTube Ads, affiliation, or sponsored content.
While it is true that it is not a 100% passive income because it requires you to continue uploading videos, it is true that each published video has the potential to continue bringing you money long after its publication.
One of the most passive ways to earn income is through membership. It is about directing traffic from your website, your social network or your YouTube channel to platforms like Amazon. By doing so, that traffic gets a cookie, and everyone who buys in the next 24 hours will automatically earn you a small commission.
Related : How to make passive income as a teenager
It is easy? It is not complicated, but it requires work because in the case of web pages, for example, you must learn SEO and know how to position yourself in search engines.
4- SELL YOUR COURSE ON SPECIALIZED PLATFORMS
There are platforms like Udemy , edX or Domestika where you can create an online course on a niche in which you are specialized and sell it automatically on these platforms, which already have a reputation and a traffic of loyal customers.
This is one of the easiest passive income out there, because although creating a course that really adds value is a huge task, afterwards you will receive 100% automatic income indefinitely.
Writing an ebook and publishing it can pay you royalties for a long time . It is one more example of a type of income in which you do a job at first, and then you receive income all your life.
Although standing out in this niche is not easy due to the ease of publishing on platforms such as Amazon Kindle Publishing and the strong competition, the truth is that if it is something you are passionate about, it can be an income worth striving for.
6- RENT A ROOM BY AIRBNB
If you don’t mind sharing a home, one of the most passive income out there is renting one or more rooms to a fixed tenant for a monthly amount, or people who come to your city to spend a few days on Airbnb.
7- CLOTHING OR CAR LAUNDRY
Another example of business models in which everything is automated . The customer puts in the coins, and the machines do it all. These types of ideas free up time while the business generates income 24 hours a day 365 days a year.
8- CREATE YOUR PERSONAL BLOG
Creating a blog or personal website can earn you passive income in several ways:
• Rental of advertising space to brands in your sector
• Passive income from Adsense
This is another example of semi passive income because you must continue to produce content. But the reality is that recordings you’ve made for a long time can continue to leave you residual income long afterward.
10- VENDING MACHINES
The vending machines that you see in hospitals, offices, shopping centers, etc. represent the perfect example of passive income . They are machines that automatically sell drinks, food, toys, snacks, candy, and more.
The good thing about this type of business model is that you can automate everything from stock replenishment to machine maintenance. That is to say, a business in which once installed you only have to worry about collecting what is sown.
what are some examples of passive income to look out for?
11- RECREATIONAL MACHINES AND ATTRACTIONS FOR CHILDREN
Slot machines, video game machines, and attractions for children are another example of businesses in which everything works automatically , you do not need to have anyone serving the public, and your only job is the supervision, maintenance and collection of money.
12- INVESTMENTS IN FINANCIAL ASSETS
You can invest from very small amounts by buying stocks, ETFs, Index Funds, or even investing in Start Ups. In addition to the possibility of an increase in the price of the share or participation , many companies distribute Dividends.
There are many strategies to increase your wealth by investing in companies that pay dividends. You have to know that it is one of the most passive strategies that exist, since once the purchase is made, the profit sharing will automatically be entered into your bank account.
You can also use the power of compound interest to grow your income quickly.
13- CREATE AND POSITION WEB PAGES
If you like and know how to create web pages and position them in the Google search engine (SEO), you can generate passive income in several ways :
• Affiliate links
• Google Adsense
• Leads sale
• Banners and sponsored content
14- SPONSORED PUBLICATIONS ON INSTAGRAM
Like YouTube, this is not an example of a 100% passive income as you have to constantly continue to produce content. But it is no less true that once you have managed to create an audience, brands will be willing to pay you to sponsor or recommend their content.
15- DROPSHIPPING SHOP
In these types of stores you sell products that you do not produce, and that you can buy in cheaper parts of the world cheaply so that the product goes directly from your supplier to your client without going through you, eliminating the stock costs that Ecommerce entails conventional.
This is one of the most passive income out there. There are many examples of people who create digital courses, usually in video format, and through sales funnels that include ads on Facebook or YouTube, and Webinars, they transform cold traffic into warm or warm traffic willing to buy the solution you offer to the customer specific problem.
17- CREATOR OF PLUGINS, WIDGETS OR TEMPLATES
If you like programming, the truth is that there is a great industry behind Web pages. You can design templates that are beautiful, or that load very fast, that have a clean code or that you can adapt to your tastes.
There are also plugins and widgets that allow certain functionalities that webmasters are willing to pay for.
18- MOBILE APPLICATIONS
Although the fashion of applications is over, the truth is that if you develop a good idea, you can receive residual income for a long time after you have created the application.
Although you will have to do a little maintenance work, the truth is that once the initial work is done, it becomes a passive or semi-passive income.
19- LICENSES OR PATENTS
If you are a computer scientist or a resourceful person, you can create software and sell licenses to companies that use your solution . You can also invent something new and patent it, receiving royalties every time someone uses it.
We are used to hiring hosting companies to host Web pages, but did you know that you can have your own servers and rent them? You can even have a dedicated hosting contract and resell the service.
21- INSURANCE PORTFOLIO
Insurance is not for everyone, but this type of income is very passive and recurring . Once you work to create your client portfolio, each year that the client pays their insurance company, they will pay you a commission.
That is, you captured the client by working once, and it brought you benefits for many years.
22- INVESTMENT IN REAL ESTATE
For this type of investment you need a lot of capital and normally you must leverage yourself in good debt but you should know that it is one of the most passive income that exists.
It is about buying real estate, parking spaces, or storage rooms and renting them. Each month you will receive automatic income . In addition, in the case of renting a habitual residence, you will be able to benefit from the good taxation that this type of investment enjoys.