Have you ever thought about making money while you sleep? If yes then you are in the right place. This article includes a list of unique passive income ideas.
But before starting the article let us first understand the meaning of Passive Income.
What Is Passive Income And What Are Some Example Of Passive Income?
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Passive Income means cash inflow received on a regular interval with almost no or minimum efforts.
For example, Rent Income from a rented property, Interest from fixed deposits, Dividend from Stock or Shares, etc.
In Passive Income, you will keep receiving the money on a regular basis irrespective of your efforts or market condition.
In case of rented property, once you rent out the property, you will keep receiving the rent from it. No matter, what is the market condition or you’re doing, at the beginning of every month, you’ll receive your rental income from the leases.
Next, this is the only reason why it is also called making money while sleeping.
But, now a question may arise? What are the best ideas to make passive income while you sleep?
To get this answer, please read the below article completely.
Ways to Earn Money While You’re Sleeping
Remember, to earn money while you are sleeping is not an easy job. Like other tasks, it also requires lots of hard work, dedication, and initial investment.
Below is the list of Passive Income Ideas where you can earn money while you sleep but provided you invest time and money at the initial stage.
Don’t worry, by investing time and money, we do not mean investing millions of dollars or working 24 hours a day.
Small capital investment and working 5 to 7 hours a day is enough for generating passive income business.
Further, the below-mentioned ideas are such that you don’t require to quit your full-time job and continue it. Trust, you can also implement them while working full time from 9 to 5.
So, What are we waiting for? Let’s start discussing these ideas below.
Invest In High Dividend Paying Stocks
If you own enough capital then this is the best and easiest way to earn passive income.
For example, For the year ending March 2019, Infosys company announced a dividend of Rs 21.5 per share.
Now, in such a case to make 3 lakhs rupees per year, you need to purchase 13,953 shares of Infosys.
Now, assuming you purchase the share on 22nd November 2018, you need to invest around 70 lakhs rupees to buy these shares.
Hence, by investing 87 lakhs for one time, you can start making a dividend of 3 lakhs per year. The Return on Investment will be 3.45%.
I know many of you will think that the given ROI is too low. Hence, instead of investing in the stock market, it is better to invest in Fixed deposits. Because the minimum rate of return for a fixed deposit is 6%.
But, before making any decision, please have a look over a below-attached snapshot.
On 6th September 2019, the share price of this stock was 840 per share. Hence, you will make Rs. 220 per share. In such a case, your investment will become Rs. 1.18 Crs.
You will make another 31 lakhs (1.17-0.87) from your investment.
Now, the total return on your investment will become 34 lakhs (31 Lakhs due to an increase in share price and 3 lakhs for dividends).
In such a case the return on investment will become 39.08%.
Please Note: First, you will require huge capital to earn such a good return on it. Second, in the stock market, there is not a guaranteed or minimum return on investment. It may also possible the price gets reduced from 620 to 300, making a loss for you.
Start A Blogging Site
Don’t have enough capital but still want to earn passive income while sleeping? No problem, we have a solution for you.
You can start a blogging website and start making money from it. A blogging website can be created with a budget of less than 10,000 ($150) or even for free.
Yes, a blogging website can be started anytime for free. To learn how to start a blog for free, please refer to the below article.
Yes, free blogger’s blog is eligible for monetization but this kind of blog has certain limitations.
For example, in the blogger’s blog, you don’t own the domain name whereas, this is possible on a professional website.
You can hire a professional from countries like India, Pakistan and can build a professional blog with the om domain in less than $150.
Once you started the blog, you can monetize it using the below-mentioned techniques.
- Space Advertising
- Sponsored Guest posts
- Paid Reviews
- PPC Advertising platform like Google Adsense
- Direct Advertisement
- Sell Products Online
- Sell Membership service online
- Affiliate Marketing etc.
For more details on blog monetization, please refer to the below article.
Start A Youtube Channel
Youtube video is another best way to make money online. In this case, all you need to do is create a youtube channel and start uploading videos on it.
Next, once you get the required 1000 subscribers and 2000 watch hours ( in the last 12 months), you can apply for the video monetization.
Remember, Google Adsense account is a must for getting monetization approval for Youtube videos.
For more information, please refer the attached snapshot
Next, to learn how to earn money from youtube views, please refer to the below article.
Rent Out Your Property
This is another best way to make passive income. In this case, all you need to do is rent out your vacant property (if any) and start receiving the passive income from rent income.
Of course, to make this kind of passive income, you require a vacant property available with you.
But, What if you don’t have any vacant property?
No problem, you can still earn passive income. To learn how to earn passive income, please read below.
You can rent a small part of your house for the ATM machine and thereby start making passive income from it.
Similarly, you can also rent out a small portion of the self-occupied house and make money from it.
The Final Words
There are many different ways to earn passive income but above all, we have listed out only the top five ways to earn passive income.
Next, though all the above-mentioned techniques have their own limitations, we personally suggest starting a youtube channel and blogging website for making passive money online.
This is because, in this internet era, we have very good opportunities available online.
Today, you can easily earn money online without quitting your full-time job. Trust, blogging and youtube channel is the best way to make passive income.
At last, feel free to contact us if you face any problem in understanding the above article or face any problem in making money from blogging site or youtube channel.
Further, if you think we have missed out to include any passive income ideas in the list, please do share with us in below comment box. We will be happy to include it on the list.