5 Easy Passive Income Ideas

How to Earn Passive Income Online Today

For entrepreneurs, passive income is the ultimate grail. It is money earned while doing other things, and it is appealing since it does not need much work to retain.

There are plenty of guaranteed methods to produce passive income. You may make money by monetizing your own brand, starting a podcast, or investing in assets. While these tactics may provide the best return on time spent, they are long-term and often difficult to implement. Below are five suggestions that are simple to implement and may be begun right now!

Create a Course on Skillshare

Skillshare is a well-known platform for anyone who wish to teach a lesson and get compensated for it. With over 1 million active users in the United States, Skillshare has a very broad audience. Skillshare also boasts a growing and active student community, with over 3 million students now registered in programs.

Creating a Skillshare course is a simple procedure. Browse the numerous courses currently available on Skillshare to get ideas for your own. If you're seeking for inspiration, photography classes are the most popular talents available to students on Skillshare.

Repurposing a blog article as a slide presentation and creating a course using those slides is one of the simplest methods to build a course on Skillshare! This may be a profitable technique for all of you Medium writers.

Upload Designs to RedBubble

Redbubble is a Sydney-based online community where members can submit and sell their artwork in a number of innovative ways. The site has grown to become highly popular, and it is now recognised as the 25th most popular website in Australia. Their large audience makes it simple for anybody to begin making and selling art online!

Redbubble employs the Print on Demand approach, which means that your artwork is printed only when it is bought. This is particularly successful since it decreases overhead expenses and a stock excess.

You don't even need to be a fantastic designer to upload to RedBubble! You may use a basic design tool like Canva to help you create something simple, or you can get a public domain picture and modify it with formatting/filters to make it your own.

Create Medium articles

Because it is one of the most frequented websites in the world, Medium is an excellent place for authors to publish their work. It's also a terrific way for company owners and marketers to showcase their content and attract more traffic to their other platforms.

Meanwhile, it enables freelance writers to increase their writing revenue and produce more pieces for an ever-expanding portfolio. The subscription model utilised by Medium is defining a much-needed standard in the writing business, and it will undoubtedly be copied by other platforms in the coming years.

While you may be paid to produce articles on Medium, it's also a terrific method to attract traffic to your main website. You may attract your audience's attention with fewer words, but you must still offer excellent material that they will like.

Gumroad allows you to sell digital products.

Gumroad is a centralized platform where producers may sell their items directly to their target audience. It enables you to simply build bundles, items, and subscriptions, as well as receive payments from your followers.

Gumroad allows you to create your own shop to sell digital things such as eBooks, films, music, templates, games, and more. Sell straight and retain 100% of your profits without having to pay any transaction fees.

It's an excellent platform for newcomers to the digital goods industry since it makes it quite simple to put up a shop. This eliminates the hassle and considerable price of having your own website, but if your store/brand gets big enough, you may wish to transition to your own website.

Apps that help you save money

Saving money, in my opinion, is a type of passive income. Finding methods to save additional money will result in you saving extra time as well, since you will be able to reduce your working hours, and who doesn't want more time?

There are numerous lists of money-saving apps, but I have listed three of the most efficient money-saving apps that I have discovered, and you can join up for them right now!

Trim assisted me in saving $30 per month on my internet subscription.

Truebill will assist you in managing your subscriptions, potentially saving you thousands of dollars every year.

Mint displays your expenditures in pie graphs, which I guarantee will be eye-opening. It also helps you create financial objectives and tells you if you've gone over your limit.

These are the three applications you might download right now to start saving thousands of dollars every year! It's as easy as that.

Conclusion

These are five of the simplest ways to generate passive money online. Hopefully, the suggestions in this post will assist you in getting started on the right foot! Remember that fortune favors action, so quit exchanging your time for money and check out these suggestions!