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So, you're tired of your regular 9-5 job and looking for passive income ideas and ways on how to make passive income online? In this article, we will examine the top 5 passive income streams and how to set up your own passive income investments without stress, but first, we need to understand what passive income is all about.

What Is Passive Income?

According to Wikipedia, Passive income is income that requires minimal labor to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.

Simply put, passive income is money that you earn without the need to continue doing a lot of active work to keep generating income. You simply do most of the work one time and put in minimal efforts later on to earn money.  For instance, you can create a membership site and charge members a monthly or annual fee to keep generating income.

I bet you're pretty familiar with the expression that says "make money while you sleep", and if you don't know how to make money while you sleep then you're probably leaving a lot of money on the table. The opportunity to make money while sleeping is what probably entices people to discover passive income streams or seek ways to make passive income online.

Best Passive Income Ideas

There are lots of passive income sources and passive income investments that you can start doing today from home with your laptop and solid internet connection. And to help you get started let's check out 5 simple passive income ideas to make money online.

• Affiliate Marketing

Over the years, affiliate marketing is easily one of the commonest ways to make passive income online, and the best part about affiliate marketing is that you can be an affiliate for practically any company, from Amazon to Uber to Walmart or even Wish, the list is endless.

Affiliate marketing enables you to earn passive income online and develop solid passive income streams by promoting other brands. If you’re a super-smart marketer, you can earn huge commissions from sales through promoting retail products, and you can also be an affiliate for multiple brands. Promoting different brands increases your chances of earning more commissions and you can promote your affiliate links via blog posts, youtube review videos, or sponsored ads.  

If you truly desire to earn passive income online from affiliate marketing, then it's advisable for you to focus on content marketing. Building a blog with high-quality content and a well-designed layout will be a big asset to you, you can see it as one of your own passive income investments. And the best part about the content marketing side of affiliate marketing is that if and when an affiliate program folds or gets shut down, you can always switch and change the affiliate links to a competitor brand without having any negative impact on your passive income streams.

• Start A YouTube Channel

Starting a youtube channel is another solid way to make passive income online. A lot of people are making money on Youtube and at the time of writing the post, the highest-earning YouTuber is Ryan Kaji (Ryan Toys Review), an 8-year old kid who reviews toys on his YouTube channel. Other high earning YouTubers and their channels include;

1. Mr Beast( Jimmy Donaldson)
2. Dude Perfect
3. Rhett & Link
4. Markiplier
5. Preston Arsement
6. Nastya (Anastasia Radzinskaya)
7. Blippi (Stephen John)
8. David Dobrik
9. Jeffree Star

All of the names earn millions in dollars annually from their YouTube channels, it is a source of passive income for them. But first, before starting up a YouTube channel of your own there are certain things you need to know. Your channel should be focused on a single niche so you can build a strong, active, and loyal audience. For instance, you can create how-to videos or tutorials on how to do things like make-up, how to bake, how to cook, or your channel can be solely focused on gaming reviews, streaming video games, reviewing products, or funny comic skits.

To make passive income online via YouTube, your content needs to be educative or entertaining. Just so you know, YouTube is the second-largest search engine in the world, and most people go to YouTube to search for solutions or answers. You should also learn how to use keywords to optimize your video titles, tags, and descriptions so whenever people search for keywords related to your content, your videos will show up. You can use our free Keyword Suggestion Tool for this.

To monetize your YouTube channel and earn from your content, your channel needs to have at least 1,000 subscribers and 4,000 hours of watch time. 

Become an Influencer

Building a personal brand and becoming an influencer is another cool way to make passive income online. Internationally celebrated superstars like Lionel Messi, Cristiano Ronaldo, Roger Federer, and co earn thousands of dollars annually for every sponsored post they make on social networks like Instagram, Tik-Tok, and Snapchat.

Making passive income as a brand influencer isn't the exclusive preserve of these superstars, you too can be like them. To become a brand influencer you need to build a strong and healthy fanbase, and you can easily do that via Youtube, Facebook, Instagram, Twitter, Snapchat, or Tik-To, the list is endless.

To make passive income online as a brand influencer, you can create your own online store and sell products, sell your photos, sell ads on your own podcast, get paid as a brand ambassador, charge for sponsored posts, speaking gigs, add affiliate links in your bio, create a book, get paid to attend events, and lot's more.

Create an Online Course

Are you knowledgeable on a particular subject? If yes, then you can put your knowledge to good use and earn passive income from it. You can create an online course or courses and sell them on learning management platforms like Udemy, Teachable, or Thinkific. And if you already have your own fanbase or audience, you can set up a website of your own and sell your course on it.  Digital entrepreneurs like Robby Blanchard of Commission Hero, John Crestani, and Neil Patel all make good money from selling courses, and if you are an expert on a subject, you can do the same to earn passive income.

Start a Blog

The list of passive income sources will be incomplete without adding blogging because blogging remains one of the easiest ways to make passive income online. If you have a passion or flair for writing, you can start a niche blog. Your blog can be about how to make money online, or cars or anything in particular provided it's niche-specific. This helps to build a loyal following and keep your blog visitors coming back for more.

Once your blog has gained traction and starts getting a decent volume of traffic daily, then you can monetize your content with Google Adsense or any other AD monetization platform. You can also charge for sponsored posts from specific brands who want to display an advert banner on your site or you can even sell digital or physical products on your website as well. The secret to earning recurring passive income online with blogging is traffic, quality traffic. Ensure your blog posts are well written and value-packed, and your blog layout should be easy to navigate too.

Summary

So, we've discussed passive income sources and ways to make passive income online. Do you have any other passive income ideas that you would like to share with us? Kindly let us know in the comment section below. You can also check out our article on how to make money from affiliate marketing as a beginner even if you don't have a website.

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