10 Most lucrative passive Income ideas in 2022

The best passive income ideas

Here are the best passive income ideas:

1. Launch and monetize your Blog

You can make an additional income by starting a blog. This is a popular online income stream. If you do it right, you will be almost guaranteed to be able to make ends meet for the month and cover your expenses.

How to monetize your blog

To monetize a blog, several solutions exist. For example, you can advertise for advertisers via your platform. This option will be really profitable only if your site attracts a lot of visitors.

2. Start a YouTube channel

This is also very much like launching a blog. When it comes to YouTube, creating a channel won’t cost you anything. However, you will need to provide quality equipment (tripod, microphone, etc.) to offer content that will appeal to your subscribers.

3. Create an online training

Offering online courses is also a good way to generate passive income. If your training is very well developed, you can sell it in the long term, as long as the theme covered is relevant. It can be sold as an electronic file via your website. If you don’t have a website, you can also offer your training on specialized platforms.

4. Sell digital products

Apart from online courses, there is a multitude of digital products that you can sell on the internet to earn money: e-books, Books, Templates, etc.

5. Affiliate Marketing

Affiliate marketing connects you with an advertiser who wants to increase the visibility of their business and attract new customers. This will generally provide you with promotional tools (banner, emailing kit, etc.) that you will use to promote it on your various communication channels.

6. Rental Investment

Rental investment is very effective for making money automatically over the long term. It consists of buying a property (a house, shopping complex, etc) for the purpose of rental. Once the investment has been made, you will only have to collect your rent monthly or annually. After a few years, you will have recovered your invested capital.

7. Create an e-Commerce site for Dropshipping

Here is another online business that can allow you to earn money passively, without spending a lot upfront. Dropshipping is a sales system that connects three parties: the seller, the buyer, and the distributor (also called dropshipper). The latter takes care of the marketing of the products sold by the supplier but does not take charge of deliveries or inventory management.

8. Buy and resell domain names for profit

Reselling domain names for profit is a source of regular passive income that can be very interesting if you know how to do it. To do this, you don’t even need to have a website.

9. Selling Printables on Etsy

If you have some artistic talents and are looking for a profitable business that can guarantee you passive income, then the world of printables is open to you. Many internet users are interested in original craft creations produced at home or abroad.

10. Create a mobile app

Earning money “while sleeping” is possible if you can innovate by creating a mobile application. If you are a developer, you can get started on this project. Internet users will necessarily be interested in applications that offer original concepts and that tend to improve their daily lives. For example, you can upload an entertainment application or a game.

Conclusion

Creating substantial and lasting passive income can change your life. If you are tired of your current job or if you are in an unstable professional situation, the few ideas presented in this guide will help you start a profitable business without spending too much.

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Adetunji Matthew

Adetunji Matthew

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I’m Adetunji Matthew, an Economist, Social Media Manager, software Developer/Marketer Sales Consultant, and Ecompreneur. Join Us at: AidTheStudent.com