[google-translator]

35 Passive Income Ideas to Make Extra Money in 2018.

35 Passive Income Ideas to Make Extra Money Today.

35 Passive Income Ideas to Make Extra Money in 2018.

Contents

Need some additional income ideas to help you to keep a healthy bank balance?well, there are plenty of ways in which you can earn an extra income for yourself even if you have a full-time job.

In fact, if you get really good at working on these passive income ideas, then you will not need to go back to your full time five days a week job.With these ideas, you can really rake in cash that would be sufficient for you to make a living and pay for your expenses every month.

As you read on, you will discover many ways in which you can try earning cash from the comfort of home, but you might have to spend a couple of dollars to start earning the returns.

However, you need to go through our below list carefully and only focus on those activities which are suitable for you and that match up to your skills and preferences.

It would be a waste of time and effort if you choose an activity that you do not enjoy, but you only select it because the payoffs are better.

So here is the list of passive income ideas that you can start today.

  1. DIVIDEND STOCKS

Investing regularly in dividend stocks can give you a tidy sum as income.

How much money can I earn: Unlimited
How much does it cost to start up: You can start with 1000 USD
How long time it takes to start making money: About 3 months
The possibility of earning at least some money: It depends on how skilled you are to pick the dividend stocks.

Related Post: Build the Best Dividend Portfolio for Monthly Income

    2.SELLING STOCK PHOTOS

You could be a good photographer having a lot of photos which you have captured on your various vacation trips. Use these to sell them online. You could earn a good sum whenever someone buys these to use them on their websites or blogs.

In the following video, you can learn: 10 Ways To Make Money Online Selling Your Photos

Here are 5 stock photography sites to sell your photos.

How much money can I earn: You can get paid up to 10 USD per picture
How much does it cost to start up: Just need to register
How long time it takes to start making money: About a week
The possibility of earning at least some money: It depends on how skilled you are in photography:

  1. PROPERTY LENDING

Investing in property through crowdfunding platforms like Reality Shares and Fund Rise. Many people invest small amounts on a property which these platforms purchase and you earn your portion of the rent.

How much money can I earn: 10 % on average per year
How much does it cost to start up: Investors must deposit at least 2500 USD to start investing
How long time it takes to start making money: About a month
The possibility of earning at least some money: Very High

  1. HIGH YIELDING SAVINGS ACCOUNT AND MARKET MONEY FUNDS

If you just want to invest and forget about the money and let it earn for you, high yielding savings accounts are the thing for you. Money market fund is the other option. The interest rates are on the rise.

How much money can I earn: 2 – 3 % per year
How much does it cost to start up: You can start to invest with 100 USD
How long time it takes to start making money: Long-term at least a year
The possibility of earning at least some money: Very High

  1. INVEST THROUGH A ROBO-ADVISOR

If you don’t want the trouble of picking and studying the dividend stocks, you can leave the analysis to a robot. You invest the first time and answer a set of questions. The robo-advisor then does the analysis and investment. The most popular robo-advisor is Betterment.

How much money can I earn: 10 % on average per year
How much does it cost to start up: You can start to invest with 500 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: High

  1. REIT (REAL ESTATE INVESTMENT TRUST)

If you are averse to investing directly in real estate, you can do so through a Real Estate Investment Trust. They hold properties and you invest in them. You become an owner through them, and you earn the benefits of the transactions.

They have several different types of accounts to choose from:

  • Self-Directed IRA
  • Goal-Based Investing account
  • an eREIT
  • an eFund

How much money can I earn: Their returns for 2017 are between 9 and 11%
How much does it cost to start up: You can star as little as 500 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: High

  1. SELL AN E-BOOK ONLINE (Amazon Kindle)

Here you don’t invest money but invest your skills and time. Write a book, edit it, create a cover and upload the book to an online self-publishing platform like Amazon Kindle.

How much money can I earn: Unlimited, but on average you can earn between 100 and 500 USD royalty per month
How much does it cost to start up: If you write the book you can start with 20 USD(Cover and Formatting from Fiverr) but if you want to outsource it you need probably between 100 and 200 USD
How long time it takes to start making money: As soon as you publish your book on Amazon, if you outsource the writing of the book it takes about one week for someone else to do it.
The possibility of earning at least some money: It depends on how skilled you are in writing books.

Related Post: Kindle Publishing: How To Build A Successful Self Publishing Business?

  1. CREATE A COURSE IN UDEMI

You could take video courses on a host of subjects. Then upload this to sites like UDEMI and allow people to purchase online.

In the following video, you can learn: How to Create a Course on Udemy Step by Step

How much money can I earn: Between 100 and 1000 USD per month
How much does it cost to start up: Just need to register and some money approx. 150 USDfor recording equipment
How long time it takes to start making money: About a week
The possibility of earning at least some money: It depends on how skills of teaching:

   9.PEER TO PEER LENDING

Lending to people who don’t qualify for traditional loans is a good way of earning some money. You can use platforms like Lending club to find borrowers.

How much money can I earn: Unlimited
How much does it cost to start up: Investors must deposit at least 1000 USD to start investing
How long time it takes to start making money: About a month
The possibility of earning at least some money: Very High

  1. SELL AN APP

If you have some good ideas for mobile apps you could get some expert to program it and sell it in any of the online stores.

How much money can I earn: Unlimited
How much does it cost to start up: At least 2000 USD
How long time it takes to start making money: At least 3 months
The possibility of earning at least some money: Not very high but have a huge potential.

Related Post: Creating Mobile Apps

  1. DESIGN T-SHIRTS

If you can create a good design, you can sell it to a T-shirt manufacturer and earn royalties on every sale.

How much money can I earn: Around 10 USD per T-shirt
How much does it cost to start up: At least 200 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: High

  1. RENT TO AIRBNB

Rent out a portion of your house through Airbnb.

How much money can I earn: It depends on your home and location
How much does it cost to start up: Just need to register
How long time it takes to start making money: About a week
The possibility of earning at least some money: Very High

  1. INVEST IN BUSINESS

Invest in some business and get others to run it.

How much money can I earn: It depends how much you want to invest.You can buy an online business for 5000 USD that earn you between 200 and 400 USD per month.
How much does it cost to start up: At least 3000 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: Very High

  1. BUY A VENDING MACHINE

Buy a vending machine and place it in strategic spots. Get someone else to stock it.

How much money can I earn:50 and 100 USD per month
How much does it cost to start up: 3600 USD, snack machines start at around 3600 USD.
How long time it takes to start making money: About a week
The possibility of earning at least some money: Very High

  1. CD LADDERING

Buy certificate of deposits that mature at different times of the year. Take the returns several times during the year.

How much money can I earn: 2 – 3 % per year
How much does it cost to start up: You can start to invest with 100 USD
How long time it takes to start making money: Long-term at least a year
The possibility of earning at least some money: Very High

     16. Starting A Blog

How much money can I earn: Unlimited, the best bloggers earn more than 100 000 USD per month.
How much does it cost to start up: About 100 USD (Domaine name + Theme + Hosting )
How long time it takes to start making money: At least 3 months
The possibility of earning at least some money: It depends on how skilled and passioned you are in writing a good content.

Related Post: How to Become a Blogger and Make Money in 2018

      17.Build a Niche Site

the best way to do it is to build a niche site around a topic(not a product) and write helpful content, answer questions that people search on Google and at the end of these posts you can have a link to another post that reviewing an Amazon physical product and this way you will help out your reader and the reader will trust you and if he/she order via your affiliate link you will get commision from Amazon.

How much money can I earn: If it is based on product 100 USD and if the site is based on a topic around 3000 USD per month.
How much does it cost to start up: About 100 USD (Domain + Theme + Hosting)
How long time it takes to start making money: At least 3 months before you can see the traffic start coming from Google.
The possibility of earning at least some money: Very high

      18. CREATE AN ONLINE COURSE WITH MEMBERSHIP

In the following video, you can learn: How To Create An Online Course Website With WordPress 2017

How much money can I earn: Unlimited, usually you can earn around 30 USD per member
How much does it cost to start up: 100 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: High

       19. CREATE A COMPARISON SITE

In the following video, you can learn: How To Create A Profitable Comparison, Review, Affiliate Site with Content Egg and Rehub theme.

How much money can I earn: Between 100 and 2000 USD
How much does it cost to start up: 100 USD (Domain + Theme + Hosting)
How long time it takes to start making money: At least 3 months
The possibility of earning at least some money: High

Related Post: Create a Comparison Site

       20.CREATE AN ECOMMERCE STORE

In the following video, you can learn: How to Create an Ecommerce Store: WordPress Woocommerce Tutorial

How much money can I earn: Unlimited
How much does it cost to start up: About 200 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: Very High

Related Post: E-commerce: How to Build a Profitable “eCom” Store?

       21.Get an iPhone or iPad app built

Mobile applications have been a huge craze ever since the introduction of smartphone brands. There is a lot of money in mobile app designing, and if your app idea is good, then you can potentially earn in even millions of dollars.

However, building app does take a significant amount of your time and investment. So only invest your money in this if you really have a full-proof idea for a service that will help people who use the app.

Besides service apps, there are many apps that can provide entertainment like gaming apps for instance. So if you also have a really good gaming app idea that could get people hooked on it, then you can definitely invest in this passive income idea.

If you do not have the skills or experience in developing an app, then you should invest enough time and research into choosing the right mobile app creating a firm to help you develop the app.

How much money can I earn: Hige potential, people downloading apps like crazy.
How much does it cost to start up: From 50 USD to 10 000 USD per month
How long time it takes to start making money: About a month
The possibility of earning at least some money: High

       22.Setup your own YouTube Channel

In the following video, you can learn: YouTube (FULL)Tutorial 2017 – How To Make A Youtube Channel

How much money can I earn: Between 100 and 2000 USD
How much does it cost to start up: Nothing, just open an account. You can make videos on your smartphone if you want.
How long time it takes to start making money: At least one month
The possibility of earning at least some money: Very High

Related Post: How to Set Up Your Own YouTube Channel

       23.Resell online products and services

In the following video, you can learn: How To Make $100 Per Day Online Reselling Services (Over $16k so far!)

How much money can I earn: From 100 to 2000 USD per month
How much does it cost to start up: At least 500 USD
How long time it takes to start making money: About a month
The possibility of earning at least some money: Very High

Related Post: 5 Smar Ways to Resell Online Products and Services

       24.Buy and rent out expensive equipment, tools etc again and again

There is a lot of equipment out there which you can buy, maintain and then rent out to make a monthly income. This idea really comes at a price as you would first need to buy the equipment in order to give it out for renting purpose.

Some of the items you could purchase for starters could be camera and recording equipment. There many people who wish to make their own videos and recordings, but do not have the money to buy the entire set of equipment.

These people find it more economical to just rent out the equipment for a couple of dollars and use it as and when they desire. So if you know of some people in your area who are looking for such type of services, then you can turn into an entrepreneur who rents all types of video recording and other camera equipment.

How much money can I earn: Up to 500 USD per month
How much does it cost to start up: Take note that investing in this type of professional equipment will cost you around $500-$1500.
How long time it takes to start making money: About a week
The possibility of earning at least some money: High

       25.Amazon FBA

In the following video, you can learn: How To Sell On Amazon FBA For Beginners | The Complete A-Z Tutorial (2018)

How much money can I earn: Unlimited
How much does it cost to start up: At least 1500 USD
How long time it takes to start making money: At least 2 months
The possibility of earning at least some money: Very High

Related Post: Fulfillment By Amazon: FBA Fees, Benefits and How it Works?

       26.Buy an existing online business

In the following video, you can learn: How To Buy A Business With No Money – Dan Lok

 

How much money can I earn: Unlimited
How much does it cost to start up: At least 2000 USD
How long time it takes to start making money: About a month
The possibility of earning at least some money: It depends on your negotiation skills :

Related Post: Buy a Profitable Online Business: (Ultimate Guide)

       27.Buy bulk from overseas and sell it down via eBay and Etsy

In the following video, you can learn: Importing from China – Sourcing Products from Chinese Suppliers

How much money can I earn: Unlimited
How much does it cost to start up: At least 2000 USD
How long time it takes to start making money: About a month
The possibility of earning at least some money: It depends on your skills to find a good and reliable supplier:

Related Post: Buy Bulk from Overseas and Sell It Down Via eBay or Etsy

      28.Repackage your content into a structured product

Repackage your blog posts into Kindle book and sell it on Amazon.

In the following video, you can learn: How to repackage content: Make money by repackaging your blog content into an Amazon Kindle book

How much money can I earn: From 50 USD to 500 USD per month
How much does it cost to start up: Only 20 USD – You have the content, now you need only the book cover and formatting.
How long time it takes to start making money: You have the content you need only about a week to publish the book
The possibility of earning at least some money: Very High

      29.Create a podcast

One of the most exciting ways of earning an extra income for yourself is by starting your very own podcast. If you have different passions or hobbies or have knowledge on a particular subject which you feel that you can share with an audience, then you can try developing your own podcast series. Many podcasters nowadays earn a decent income per episode of a podcast which they create. As per Quora, some professional podcaster even earns up to $5000 per episode if they get a good sponsor.

So if you have a passion to teach anything like painting, photography, cooking tips, etc. then you could make a pretty good income on the side. Here you just need to invest in some standard podcasting equipment and get started on your first episode.

How much money can I earn: From 50 up to 5000 per episode.
How much does it cost to start up: At least 200 USD, you need a recording equipment
How long time it takes to start making money: About a month
The possibility of earning at least some money: Very High

      30.Flip Domain Names

Another great way of getting some good passive income is through the skill of reselling domains. Now, this is one skill that needs to be mastered in order to get considerable returns.

As purchasing a domain costs money, you will need to have a basic understanding of what domains have the potential to become really popular and buy those domains for a low price.

So when a person looks for a domain of the same name that you have bought, then you can quote a higher price for that domain and earn a significant return on your investment.

This idea is feasible if you really have good knowledge and pay close attention to the recent news to judge which domains could become popular in the near future. Also, get ready to spend around $8-$12 on each domain that you purchase and have the patience to wait for the right buyer.

How much money can I earn: Unlimited
How much does it cost to start up: You can start with 10 USD
How long time it takes to start making money: About a week
The possibility of earning at least some money: It depends on your skills to find good domains.

      31.Invest in index funds.

In the following video, you can learn: INVESTING IN INDEX FUNDS

How much money can I earn: Historically, Index fund earn about 10 % per year
How much does it cost to start up: You can start as little as 100 USD
How long time it takes to start making money: At least 1 year
The possibility of earning at least some money: It depends on how skilled you are in the following areas:

      32.Make money for tasks you’d do anyway

Making money for the tasks you would do really works. It works as it only requires you to sell unwanted items and promote products on Facebook or Instagram. Online jobs also promise you real and quick riches with only a little effort coming from you. But, never think that it will be a real scam. Despite the fact that the tasks you will do will not make you really rich, you still earn something from your hard-earned work. These days, it will make a difference in your life.

How much money can I earn: About 20 USD per Day
How much does it cost to start up: Nothing
How long time it takes to start making money: About a day
The possibility of earning at least some money: Very High

Related Post: Make Money for Tasks you’d do Anyway

      33.PAY YOUR DEBTS

It is wise to pay your debts and save that interest. There are two ways to go about it. One way is to refinance or consolidate a loan. Another way is to balance transfer your card dues to a card that offers 0% balance transfer facility.

      34.Try affiliate marketing and make sales

Affiliate Marketing is an online business model where you can earn commission for selling someone else’s products. You do not own the product you just received a piece from the pay for every time you send the customer to the merchant.

How much money can I earn: Unlimited
How much does it cost to start up:

  • What you need is only a domain name (10 USD / year)
  • Web Hosting (About 50 USD / year)
  • An autoresponder (About 20 USD / month). For startups or if you don’t have the budget you can always use “MailChimp” email service which is free for a list up to 2000 subscribers.

How long time it takes to start making money: About a week
The possibility of earning at least some money: Very High

Related Post: Make Money With Affiliate Marketing

      35.Create an online course

Have good knowledge on a particular subject like maybe maths, science, geology, physics, English, etc.? Well, then why not try starting up your very own set of online courses for students who are interested in these subjects?

Setting up your own online courses is easier than you think. You just need to invest some time in preparing some material to offer your students. Then simply place an ad online on various sites that allow you to post ads for free.

Once you place your ad, you can also include the price you will be charging for the online courses in the same ads. Students who are interested in learning the subject you are offering will contact you through on the email or phone number you have mentioned in the ad.

You can also conduct live classes online using your webcam and get students to pay for your classes before you start your sessions. To make enough money through this method, you need to have more than just a handful of students. The more students you get, the more money you will make.

How much money can I earn: Unlimited
How much does it cost to start up: You need about 150 USD for recording equipment.
How long time it takes to start making money: About a month
The possibility of earning at least some money: Very High

Related Post:Creating a Money-Making Online Course

About Vlad

Vlad is a Founder of TruePassiveIncomeIdeas and Partner at CloudHostSpace. Over the past 10 years, I have enjoyed a diverse career as an investor and entrepreneur and business executive.

Speak Your Mind

*