Passive income ideas

There are many passive income ideas that you can start with to achieve your financial goals. If you want to make money while you sleep, then a passive income stream is what you need. Achieving this goal is possible through passive income, but it will take some work. In this blog post, we have compiled 100 passive income ideas that you can start today, and more importantly, you can combine to create several passive income streams. While there are many passive income ideas and opportunities, the one that will work for you depends on your skills/interests. For example, someone with more funds can invest in real estate or stocks to create passive income that would make a difference immediately. Simply by reading this blog post, you can decide what passive income idea is right for you.

Some of these ways of earning passive income will start as active income. Active income is when you are involved and dedicate your time and effort to creating income. This includes starting a business, freelancing for other businesses/organizations, and owning your own company. Through processes and outsourcing, you can shift from active income into passive income, build wealth and improve your personal finance.

Why should you focus on passive income?

The most essential part of passive income is that you don’t have to trade your time for money. This is why when I personally start with any business venture, I focus on how it creates passive income. In this blog post, I will list some passive income ideas that can help you get started on your quest to stop trading your time for money, and instead create a passive income stream.

Today, most of my income comes from real estate investing, which is why I am starting with on this list. Although rental properties are my main source of income, there are other strategies that most people don’t consider when investing in real estate.

7 Best Real Estate Investing ideas to create passive income

1. Rental properties

To earn passive income from rentals, you need a positive cash flow. This can be as simple as raising the rent slightly or more complicated by doing major repairs that make your property worth more than what’s owed on it, and then refinancing with another lender who gives you better terms for an investment loan. My personal rental strategy is to buy distressed properties to bring new tenants at market rents, while also increasing the equity on the property. Although building a rental portfolio can be challenging and can be a full- time job. After building a process, it can be a passive income stream that allows you to retire, and depending on how you manage your properties, it allows you to control your time.

2. House hacking

is the first strategy I used to start with real estate investing. After purchasing a two-family home. I rented the second unit and lived on the first. This allowed me to cover 75% of my mortgage. Now, I was not only living for free, but also making money from my home, which I still do up to this day.

3. Airbnb

is a hospitality company that operates an online marketplace and hospitality service. Airbnb enables people to lease or rent short-term lodgings, including private homes, a spare room, apartments, homestays, hostels, etc., in over 34,000 cities around the world. Airbnb is a passive income channel that has created so much wealth for people in the last five years. I personally did rent rooms on my floor through Airbnb. This allowed me to cover the rest of my mortgage. This strategy not only puts cash into your pocket, but also creates an opportunity to meet new friends and travelers from different countries and cultures. I could replace my salary and meet friends all over the world thanks to Airbnb. Depending on the regulations of your city and your lease, renters can also maximize the power of Airbnb to create passive income through additional space in their rented apartment.

4. VRBO

VRBO (vacation rental by owner) like Airbnb is a vacation rental site that connects travelers with property owners. The VRBO model allows people to rent their homes on vacation and earn passive income during the off-season when they are not using it. This might be an attractive opportunity for retirees who want one more way to make money without.

5. Bungalow

Bungalow is  a passive income stream most people don’t consider when it comes to investing in real estate. When my girlfriend’s parents  moved from DC to NY, they asked us to help them find a renter for their space. When Bungalow approached us when we listed the space for rent. They ended up leasing the space for two years. My girl’s friends’ parents would get their monthly rent deposited each month, and they didn’t have to worry about maintenance or any calls from the tenants. Bungalow is a rooming matching service that rents the home from the owners and sets their own rates to rent rooms in the home.

6. Self service storage – 

Self service storage investing is a great way for investors who want low risk and consistent cash flow of returns. The best part about this type of investment is that it requires no management because the tenant provides their own locks, utility bills are paid by them directly as well, they will pay rent every month or week depending on what the contract says which means there’s very little work involved with managing these types accounts but yet still be able earn money off your investments!

20 Apps to make money from your personal stuff

One of the main options when starting any venture is to first look at your current resources. In this list, you will find passive income streams that can come from resources you might already own. Like any passive income streams, you have to consider it will take some time, as you will need to develop your passive income processes, along with the learning curve you will go through in the different platforms. The concept is to use your current resources, including your car, home, gear etc., to rent out to others.

Things to consider:

Time: Like any venture. Make sure to conduct research on how much time these will take you to provide these services. There might be instances where you are renting things, and they are coming to your home.

Security: The notable thing about this platform is that you are creating a forum where you can view the actions of others. Through reviews, you can follow past performances from renters and rentee. You should also note insurances and review how each company handles past claims.

7. Turo 

 the Airbnb for cars. Turo allows you to rent your car on their site. Think of having your own Hertz, Avis or Enterprise. By listing your car on Turo, you open it up to potential car renters. You also set your rate and the times you want your car to be available.

8. Getaround 

Like Turo Getaround allows car owners to rent their cars and drivers to rent from them.

Advertise on your car

To do less work. You can choose to maximize your car with advertising. This can be a true form of passive income, as living in a big city and driving to work or anywhere in general can create an income stream as you drive your car.

StickerRide is a mobile app that helps you earn money. While driving. You can place banners on your car, and they will pay you for the miles you are driving. They also promise to compensate you for car expenses, including gas, car washed and parking.

9. Carvertise

10. Stickeride

11. wrapify

rent your extra space for storage

12. Neigbhbor.com

Neighbor.com is a website where people can advertise their extra space for rent to other locals in the area, and find listings from others that need storage! You get paid monthly as long as someone rents your spare space so there’s no work involved for you.

Baby Gear

13. Babyquip 

Babyquip.com is a website where you can find and list your baby gear for rent, including everything from strollers to carriers to cribs! As long as someone rents the product you listed, you’ll get paid monthly with no work involved.

.

Photography Gear

14. Sharegrid.com

Sharegrid is a community where people can rent, sell, or rent their photography gear. You can join the community as a renter, seller or both, and you’ll get paid monthly when renting your gear! I

15. KitSplit.com

KitSplit is a website that allows you to rent professional camera equipment. You can upload what gear and resources you have available at any time, so other users can contact you about renting something from your portfolio. Once you’ve listed your gear, it will be added to KitSplit’s searchable database of equipment. You create a profile where you can add all the details about your kit and metrics on what is available for rent on either an hourly or monthly basis. For example, if someone rents a camcorder from you, they’ll know the specifics of that equipment, including what accessories are included both in and out.

Music instrument rental

16. fretish.com

If you’re a musician, consider renting out some of your instruments to create passive income. Fretish.com allows you to rent your musical instruments by listing them on their site. Once you listed your equipment and is rented, you coordinate with your renter for delivery. If you don’t want the headache of managing inventory and dealing with shipping logistics, fretish.com has a program where they own all the equipment and handle everything for you on their end. You get paid at the end of each month based on the items you rented out.

Coordinate with your renter to pick up, or you can optionally deliver for an additional fee.

Bike

17. Spinlister

Spinlister is a peer-to-peer bike sharing service that puts riders in touch with nearby cyclists. Through Spinlister.com, you can list your bike for rent, browse bikes nearby, and even sell your used bike. They offer protection options and delivery services to protect and create a more passive income option.

RV Rental

How can you rent your RV?

Here are some peer-to-peer RV rental services that connect travelers with nearby RVs. Some of these sites claim you can rent out your RV 40,000 per year. You set the prices and amounts of nights you would like to rent it out. These sites connect travelers with local hosts that offer to rent their RVs. Hosts create passive income by renting out an unused area in their homes, and travelers benefit from the low prices of these luxurious rentals. The website provides options for renters, as well as a “rental concierge” who will help you plan your trip.

18. RVshare.com

19. Rvrental

20. Rvezy.com

21. Outdoorsy.com

22. Campsites

Boat rental

There are several peer-to-peer rental boat options that allow you to rent your boat or other water toys on their sites. Like most services, listing your boat or other gear is free. You are also allowed to set your won pricing. They also provide identity checks, fraud protection and marketing services to get the most passive income experience from your boat rental.

23. getmyboat.com

24. boatsetter.com

25. urentme.com

Rent your clothes 

26. style lend

27. rent my ward drove

28. rent not buy

Rent your space

29. Peerspace

Rent your Pool

30. swimply

Swimply is an online platform that allows you to make money off your pool by renting it in their marketplace. You can offer the pool hourly, to individuals, or groups.

Peer-to-peer lending – 5 sites to lend your money online

Peer-to-peer lending is an innovative method of borrowing and investing money online. This system allows people to borrow directly from individuals instead of through banks, credit unions or other financial institutions. Instead of going through a bank as you would with traditional loans, peer lenders use the Internet to connect borrowers who need capital for personal investments such as home renovations; small businesses looking for funding expansion efforts without turning their business into another type that requires heavy regulation on top existing debt; student tuition payments in absence thereof by parents or guardians are able to lend them out at much higher returns than they can get elsewhere while earning interest themselves and taking advantage low risk investment opportunities

30. Kiva

31. Prosper

32. Funding Circle

33. Peerform

34. Lending club

Real Estate loans

Many real estate investors are seeking to complete their projects and to do, so they might need to pay higher terms than they would to the bank. This is where private investors come in. As a real estate private investor, you would invest in a home without having to do any work to create true passive income. Usually, real estate investors can make anywhere from 5% to 12% annualized on their money.

You can generate passive income through peer to peer real estate investment platforms. These p2p lending platforms connect investors with borrowers for passive income streams. As an investor, you will be the bank to help fund the deals of your choosing.

35. Fundrise.com

Fundrise is a passive investment platform that gives accredited investors access to real estate and earns them passive income. You can invest in the residential, commercial or industrial property markets as an individual, without needing to hire agents for your investments.

– Fundrise will provide opportunities at various risk levels, including conservative all the way up to speculative.

What passive income ideas will you provide the readers with?

-Fundrise doesn’t have a set schedule of when to release new passive income opportunities, and it’s up to the investors to decide what they want.

– Possibly higher returns than other passive income sources, such as stocks, bonds or mutual funds.

How much will my Fundrise investments cost?

It depends on how

36. peerstreet.com

what is peerstreet.com?

How it works:

Borrowers submit a loan request to the site and set their terms and rates. The investor can then choose which loans they want to invest in by looking at the borrower’s credit score, loan request, and other factors.

Investors also can make passive income by selling loans on Peerstreet.com’s marketplace. The investor lists their loan for sale with a description of its characteristics in a process called “creating an asset”. Investors can set up automatic listings so that when they invest in new loans, those loans are automatically listed in the marketplace.

Borrowers can also make passive income by selling their loans on Peerstreet’s marketplace. Investors looking for a passive investment often buy these loans from investors and take over payments each month, while still collecting interest themselves, which is set at an agreed-upon rate or higher than other investments they may be making elsewhere.

37. crowdstreet.com

Unlike fundrise, Crowdstreet is designed for accredited investors (you must make over $200k per year or have a net worth of over 1 million, excluding your main residence value). With Crowdstreet, you can invest directly in individual real estate pdeals that best fit your criteria. You can also invest in professionally managed real estate investments with a minimum investment of 250k.

CrowdStreet is a real estate investing platform that gives investors direct access to individual commercial real estate investment opportunities, allowing you to review, compare, and personally choose the deals that meet your own investment criteria. Our managed funds and advisory services give you the same level of access, but we’ll handle the portfolio, making it even easier for you to invest.

Tens of thousands of individual investors have earned millions of dollars in distributions and diversified their portfolio outside of the stock market with commercial real estate.

CrowdStreet is a marketplace that connects passive investors with borrowers looking for loans.

There are two roles in the CrowdStreet ecosystem: passive investors and active borrowers. The passive investor role allows an investor to make interest-bearing investments without having to actively participate in all the details related to lending, property management, or other aspects of owning a passive rental property.

The passive investor agrees to take over payments each month, while still collecting interest themselves, which is set at an agreed-upon rate or higher than other investments they may be making elsewhere. The borrower role allows you to access capital without your credit score, making it difficult for you to qualify for traditional loans.

As a passive investor, you can earn up to $65,000 per year and still be exempt from paying taxes on the interest earned by this investment property; as an active borrower, not so much.

38. Yield street

YieldStreet is a peer-to-peer marketplace that allows you to invest in loans backed by real assets, such as commercial properties. The site was founded in 2011 and uses the fractionalized ownership model similar to Airbnb where investors own portions of multiple loans or individual loan parts rather than owning all pieces of one specific property like with traditional investing.

Dividend stocks, REITs, bonds

REIT

what is a reit?

A REIT, or Real Estate Investment Trust, is a company that owns and operates commercial properties. They are publically traded companies which give individual investors the opportunity to invest in real estate without actually having to purchase buildings themselves.

39. Streitwise

Streitwise allows accredited and non accredited investor to start investing in real estate trusts that they offer for a starting investment of $5,000. 

Current offer sample;

Bonds

Bonds are a type of investment in which an investor loans money to an entity (typically corporate or governmental) that borrows the funds for a defined period. At the end of this term, investors receive their initial capital back along with interest payments if such were discussed during negotiations before investing. The amount paid by borrowers as interest is calculated based on several factors including inflation rates and prevailing market conditions when borrowing takes place; these may be fixed at original terms or indexed to some other indicator like GDP growth rate

A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors, of the issuer.

40. Worthy Bonds

41. smbx

Robo Advisors

Robo advisors are a new type of investment management system designed specifically with online investors in mind, offering automated portfolio construction coupled with low-fee advisory options (Butcher). This means instead of hiring an expensive full-service broker or wealth manager, people interested only need access computer software through websites such as Wealthfront and Betterment where these robo advisers will handle all aspects from account opening, ongoing reporting requirements.

42. M1 Finance

43. Wealthfront

44. Betterment

45. Stash

Stocks 

46. Fidelity Investments

47. Interactive Brokers

48. Charles Schwab

49. Merrill Edge

50. E-Trade

51. Robinhood

Earn interest on Crypto

Like dividends, crypto provides options to make money from your crypto currency investment. The following crypto brokerage allows you to hold your coins or cash in their systems. This allows you to earn high yield earnings, which you can choose to get paid in available cryptos or cash. With yields as high as 8%, some of these can be a creative option to use as a savings account. Due to the fact that your account will not be insured by (FDIC) or the Securities Investor Protection Corporation (SIPC), they are higher risk investments.

52. Coinbase

53. Blockfi

54. Voyage

55. Celcius

Bandwidth

56. Honeygain

57. PacketStream

PacketStream is the first of its kind peer to peer proxy network. Packeters are compensated for sharing bandwidth on the PacketStream network and allowing users all over the world have access to content on the internet through their secure network. Customers can purchase bandwidth and browse the web from residential IPs to protect their browsing privacy.

58. iproyal.com

Rent your bicycle

59.  Spinlister – List your bike, surfboard, or snowboard.

The website spinlister.com is a peer to peer rental marketplace for bikes, surfboards and other outdoor gear. The platform allows you to rent or lease out your bike, ski equipment or anything else that can be rented in your city!

RV Rental

These sites allow you to rent recreational vehicles, anything from a compact camper van for two people and all the way up to Class A motor homes with full bathrooms. Some of these companies also offer service packages that include pick-up at home or airport; clean new vehicle inspection/pick-up after return of RV.

60. RVshare – Earn $120 – $365 per day.

61. RVezy – Make $1,400 per week.

62. Outdoorsy – Estimates $420 – $840 per rental.

63. Campanda – Earn up to $45,000 per year.

Boat rental

For those who want to begin their own boating business or experience a new adventure on water without renting an expensive yacht from one of the major companies offered by other services, these sites are here for you.

64. Boatsetter – 

Powerboats and sailboats.

65. GetMyBoat – 

All types of boat rentals, including jet skis, houseboats, paddleboards, and more.

66. U Rent Me – 

Boat rentals, in addition to RVs, ATVs, and motorcycles.

10 Ideas to make money online

68. Blogging

69. Affiliate marketing

With affiliate marketing, you can make an income off linking consumers looking at certain types of merchandise with relevant retail sites. It’s just like when someone refers friends over using word-of-mouth advertisement; they get paid if one out of every ten people buys something based on their recommendation.

Create online courses

create a course through sites like. An online course is something that you will have to create but once you.

70. youtube

Youtube can be a sort of royalty collection. With ads running during your video’s playtime, you can earn up to $6 per 1,000 views from Youtube alone. Not only does this increase your earnings just by existing as an established channel with lots of followers in addition to generating income directly from user subscriptions or donations; there are even more ways like creating merchandise such as shirts and selling eBooks/courses online via websites such as Teachable (where I personally make all my courses).

71. Teachable

72. Udemy

73. Skillshare 

Sell Digital products

refrerence; https://www.practicalecommerce.com/12-platforms-to-sell-digital-downloads

se different platforms that allow you to sell your digital goods. These companies provide tools and services to help companies sell their products more effectively on social media platforms, such as Facebook or Twitter.

74.Fastspring

75.simple goods

76.Sellwire

77.Sellfy

78.SHopify

79.gumrod

Digital products allow you to….

Things you do Everyday

80. S’Mores

S’more is an app that pays you for renting out your lock screen space. They give you points every day just by having our app installed, and it never expires! You can redeem these points to get gift cards from companies like Amazon or UberEats.

81. Inbox dollars

Earn money for things you do online like shopping, answering surveys and playing games.

InboxDollars is a great place to make some extra cash by completing tasks that will benefit your everyday life! You can earn just by searching the web with Inboxdollars or even watching videos while on their site.

82. Seated

Seated App is a digital wallet for your dining out experiences. You get rewarded with the app when you dine at participating restaurants and bars, which allows users to earn points that can be redeemed for discounts on future purchases of food or drinks! It only costs $1 per month but it’s definitely worth it if you eat out frequently because they give back 13% in rewards every time we use Seated.

83. Sweatcoin

Sweatcoin is a mobile application that pays you money to walk. It’s like being paid for getting fit!

The Sweatco app tracks your daily steps with the device’s built-in motion sensor, or by using GPS on an iPhone 6S and above. You can also earn more coins when friends sign up via referral code 

With over 1 million users worldwide across Android & iOS platforms, it has been featured in Apple Stores globally as one of ‘Ten best new apps’. The company was recently recognized at TechCrunch Disrupt SF 2017 Startup Alley among other global corporates including Google Ventures (GV), Uber Technologies Inc.,

84. Coupon checkout

Reduce Your Bills

These apps that help people save money by removing unnecessary subscriptions. They also allow users to cancel other recurring bills such as cable or phone contracts through their platform using a simple interface.

85. Truebill

86. Clarity money

87. Trim

Your Finances

88. Refinance your home

Home refinance: by refinancing, to a lower interest rate, you can significantly decrease your mortgage. By refinancing, I could remove my PMI and lower my interest rates. This changed my monthly payment from 3,500 to 2,600 months. That’s an additional $900/month that I will save and use to invest in other passive income investments.

89. Refinance school debt

By refinance school debt, a person could save thousands of dollars per year by reducing their interest rates on both federal student loans (Stafford Loans) as well as private education loans made for college tuition purposes. Additionally, the average borrower will be able to consolidate all of those individual debts into one single loan with lower overall repayments each month since there is less time spent in repayment than before because they paid off most or all principle balances owed during this period rather paying only accrued interest from when it was first taken out years ago.

90. Consolidate your debt

Consolidate your debt and make more money! With the average personal interest rate on credit cards at 17%, this is a good opportunity to save some extra cash.

Consolidating can refinance you into one monthly payment, so that instead of paying several different creditors it’s just paid out each month automatically from your checking account. You’ll also be able to get rid of any late fees or over-the-limit charges by including them in with this new payment plan (just don’t charge up those accounts again!).

91. Credit card points

Credit card rewards are one of the best ways to earn money. I can make more money by using credit cards with reward points because not only do you get cash back, but also miles and free hotel stays.

Music Copyright content

These sites are an online music distribution service that allows artists to upload their songs and sell them on iTunes, Amazon Music, Spotify, Apple Music. You can also distribute your own albums for free so you are in control of the price and availability of every album or single track

92. Amuse

93. Distrokid

94. Vending machines

Setting up vending machines can be a great way to make money. It’s an easy business with little overhead and you don’t need much experience or education, which makes it perfect for entrepreneurs who are just starting out in their careers.

95. ATM

An ATM machine can be a great way to generate revenue and increase profits if used properly. The average withdrawal fee is around $3-4 dollars which means that each transaction will earn about half this amount as profit allowing an unlimited supply of money. Most ATMs only provide cash when there are certain hours during the day but with self service kiosk technology it’s possible not just remove this restriction but also allow people who don’t have bank accounts yet access their funds from any location at any time through financial services like PayPal or Western Union thus vastly increasing profitability by opening up different types of transactions such as loans or other forms on

96. Self wash car wash

Angel investor

An angel investor is a person that provides capital for start-up companies or other small businesses, usually in exchange for ownership interest.

97. Seedinvest

98. Wefunder

99. Start Engine

100. Farmtogether

In conclusion

Passive income is a method of making money that requires little effort AFTER the initial set up. First, when choosing which passive income stream to pursue it’s important to consider how well this type fits your particular purpose and evaluate if investing time and resources in establishing such an enterprise will be worth these efforts. Second, look at the possible payout: does this venture have what it takes potentiality meet any expectations you may have?