Passive income is money earned when completing the work upfront or with some initial investment but then continues to make money with minimal effort in the future. This is a list of passive income ideas to help you earn money with little effort in the long run.
Etsy, Shopify, and WooCommerce have made it easy to start your own small online business. If you are a graphic designer or a creative at heart, there are many opportunities to make extra cash with digital products.
The price of domain names fluctuates based on demand. Buying and holding domain names you think will become popular in the future is an easy way to make some extra money with minimal effort.
Buy and Sell Domains
Licensing music is a passive activity that’s easy to get started. Contact a music licensing company and turn your music into royalty payments.
Kennels and other pet boarding facilities can charge anywhere from $15 to $75 a day. By providing this same service in your own home, you can earn a similar fee, but from the comfort of your own home. While this is not entirely passive as you care for someone’s pet, there is typically very little upfront work.
Flipping products could be considered a semi-passive income. Thrift stores, flea markets, Buy Nothing groups on Facebook, or your house– are all great places to find products to flip. Knowing the types of products in demand can be critical with this revenue stream, but finding these items, cleaning them up, and selling them can be a quick and easy way to earn extra cash.