Passive income ideas were a trending topic in 2018 even though the waves are slowing down a bit this year, but the fact has never changed that never before have people constantly looked for ways to increase their income and enjoy financial independence. In this article
I’m going to share the top 10 passive income ideas that caused a sensation in 2018 and how to find passive income opportunities on those ideas in 2019. But first, if you’re new to the topic, your first question would be what is passive income?
Passive income simply means residual income, that is, money you receive over time from a job you have done in the past or something you are doing now that does not require a lot of your time and effort. In other words, passive income is the money you earn from a part-time job. It is different from active income, which is the money you earn from your job – salary.
The big question people often ask is whether you can live off your passive income. By working with your passive income streams and generating residual income streams, it can get to the point where your passive income can equal what you earn from your day job. And that’s the goal, to build multiple streams of passive income so that you eventually equal or exceed what you are earning in your day job, at that point you may have been told that you achieve financial independence because then you are in control of your time, your money is coming in to pay the bills, even if you quit your main job and the system runs automatically, you just manage it.
I guess the question on your mind now is is there anything you can do part time that will earn you almost full time income. Yes, there is, in fact there are! Here we go with the 10 best passive income ideas of 2018
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Affiliate Marketing – Affiliate marketing provides a fantastic opportunity for people who don’t have a product of their own to take someone else’s good product and promote it at a profit on every sale they make. This is one of the easiest ways to start earning passive income.
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E-Book Publishing: If you have an idea that can solve a specific problem, Kindle Publishing provides an easy way to put it in book form and publish it. Publishing books has never been easier. Many people have wondered if there is a business that you can start without money. This is one. It’s all free, if you can write your book, edit it, create an attractive cover, and write a good description for your book, you can start making money right away.
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Cryptocurrency – Cryptocurrency gained good attention in 2018 as a source of residual income creation. There are basically two ways to make money with cryptocurrencies. That is commerce and mining. The good thing about this system is that you can operate from your mobile.
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Network marketing: network marketing or multilevel marketing is one of the oldest companies out there, a system in which you start at the bottom and work your way to the top. Although the talk of multi-level marketing may not seem like a buzzword, big companies have been using it to bring trendy products to market and people have been using it to reach great heights and earn massive passive income for themselves.
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Freelancer – You’ve probably heard of websites like up work, fiver, elance, etc. that people go to to get various types of digital work for themselves. You too can start earning money right away if you have one of the skills that are required on a daily basis on these websites, for example article writing, article editing, book cover design, website development, etc.
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Blogging: Yes, people continue to gain from blogging even though the market seems to be saturated. There are more tools that make blogging easier and rise to prominence. Blogging is a good way to start earning passive income, but it is not the fastest way to generate passive income. With that said, it’s also important to note that it’s one of the surest ways to build a reputation and a longer-lasting residual income stream if you do it right.
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Ecommerce – This used to be for large businesses, but today anyone can set up an eCommerce store and start selling digital products online with WordPress and woocommerce plugins.
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Drop Shipping – This has to do with selling physical products through well-established e-commerce platforms such as Aliexpress and Amazon. You don’t have to do any hard work, just research the best selling products and promote them on your custom ecommerce store which is linked to the main platform and the company will deliver the product to you while you make the profit.
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Mobile Apps: There are more smartphones than humans on earth today. And what powers these devices? Mobile apps. If you have an idea that can solve a problem, here is your chance for residual income. You don’t have to be a programmer to create a mobile app. You just have to come up with the idea and outsource the work to a programmer on one of the freelance websites mentioned above to get it created.
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Video Blogs: YouTube is now the second most popular website in the world. If you have a talent for video, then there is an opportunity here for you to earn passive income. YouTube with its AdSense program and partner program allow video content creators to earn money on the platform.
Here are the top ten passive income ideas that trembled in 2018. If you want to start earning passive income in 2019, you can consider one of these as a starting point for building your residual income streams. But if you are already earning passive income online, I would like to know how many of these passive income ideas you have tried or earning income from.