Who doesn’t want to earn money while sleeping aka Passive Income? We all want it, right?
There are so many streams and strategies that can generate thousands of dollars PASSIVELY.
So, here I will share you how you can create Passive Income with no money, so that you can start easily as a beginner in this game.
But wait, you might be thinking what Passive Income is and how I can earn money while sleeping?
So here are two types of income one is active and second is passive income.
Difference between Passive and Active Income.
Let’s start with Active Income, It is a type of income that you get in return of work you do by trading your time.
For example: Work 9-5 a day to get monthly salary or hourly wage.
Now what is Passive Income or Residual income?
In Passive Income you generate income stream and strategies by putting time and work at once then later you get money from that stream. Passive Income Strategies will push your cash flow on auto pilot and you even don’t need to work.
For example: Author writes a book once then each time his book get sold he gets its price even he published that book years ago he gets its advantage after years.
And the best thing about this, we can earn money while sleeping. Sounds Cool! Right?
But, many of us want to generate streams with no money. After all we don’t want to risk our hard earned money without knowing that does this thing actually works or not?.
Here are Best Passive Income Ideas and Strategies to start without Investing Money.
Best Passive Income Ideas to start in 2020 with no money.
1. Affiliate Marketing.
Affiliate marketing is an easiest way to get started with and it’s one of my most favorite too.
What is affiliate marketing?
It is a process in which one can earn commission by promoting others products. And per each sales one get some profit. It is one of the most powerful way to earn online and popular too.
And the best thing about Affiliate marketing is you don’t need to worry about the products and services, you just need to get decent number of interested buyers through your source to an affiliate link and that’s it.
If you are looking for a Done for you System, I recommend 12 minute affiliate as a simple and quick way for beginners in the affiliate marketing business and looking for a quick system that helps you make money with minimum effort. Try the system for just $9.95.
2. Selling e books.
Own a command on writing? If not it wouldn’t be a problem unless you have nothing to say and you are not giving some valuable information to your readers.
Ebook is an electronic book consisting of text, images and both. Choose a topic according to your audience’s needs. You can write 60-80 pages easily and earn decent amount of Passive Income through networking and marketing.
One of the most common ways bloggers earn passive income is through placing ads on their sites but the blogging game doesn’t end here, you can do affiliate marketing, sell your own products or you can write sponsored post through blogging.
Blogging is one of the best way to earn passive income and also it can improve your mental health. Here are best ways to earn passively through your blog.
So, why not give it a shot and start a profitable business blog? After all you would have the full authority on your own Business.
4. Selling Digital Courses and earn Passive Income.
Most internet influential sell their own digital courses and make Thousands of Dollars Passively.
If you own a command on something you can teach people and give them valuable information. Selling your own Digital Course is the best thing. Since, you learn a lot along the journey.
Just remember one thing that you will create the course to help people. The more you help people, the more you help yourself.
Once you put your own digital course out there, you will soon see the results and starting enjoy your Passive Income.
5. Start a YouTube channel.
You probably might have wondered the idea of starting a YouTube channel before, but I must say if you are not a camera shy person you should give it a try.
Well it doesn’t mean that people who are Introverts and being camera shy whole their life can’t earn money through YouTube, Of course they can but it will take some time to build audience since YouTube is the Biggest Visual Search Engine on the internet your audience would be happy and satisfy if you show your face to them.
If you can’t then don’t worry there are lots of YouTubers out there who build their career through YouTube without showing their own selves.
Build your targeted audience and place Ads on Your videos, leads you to earn passive income.
6. Rent out your space/stuff.
Do you have some extra stuff that you don’t use anymore? Or have empty/spare room? You can make passive money easily by renting your stuff and spare room. You can rent your room to international students or travelers.
If you want to rent out your room I recommend you to check Airbnb.com, it’s an in international website that will help you to find your renter. You just need to list your room and decide rental amount. You will have to pay only 3 percent commission to Airbnb.
7. Sell your Photos Online.
This one is best for those who are fond of Photography. You can get some awesome clicks and earn passively through your pictures.
Photographers are in high demand for their work, you can click all kind of photos and can earn extra cash easily if you know the right places to sell your photos on internet.
But, the best place to sell your photos is on your own website that’s because: all things would be in YOUR CONTROL, you can decide your own prices and you won’t have to give commission to anyone.
Don’t worry if you don’t have a website yet, here are some best websites that allows you to sell your photos and earn passively,
So check out these website and start earning passive money from now on and don’t worry if you are not good at photography (but still want to earn through selling photos online) I know we all do have a little talent on clicking good photos J.
8. Design T-shirts and sell it online.
Can you design a t-shirt or a mug? And have some Photoshop skills? If yes then there are plenty of earning opportunities that you can get and earn passive income.
If you don’t have time to build and run your own online store then you can consider other e-commerce websites that would be happy to invite and sell your designs.
Some best sites where you can sell your designs are:
This is the way you can earn good amount of passive income and you don’t have to invest a lot of hours in that.
9. Put your Car to work for you passively.
You can turn your driving machine into a money-making machine. Sounds good! Right?
Earning passively by putting your car to work is a great idea, many people are earning good amount by renting their car, you can earn too and You can enjoy watching Netflix while your car making money for you.
You might be thinking how much money you can earn? Well you can earn up to $600 per month (depending on your car’s model).
Turo-It’s a person to person car sharing service and works in 56 countries (available in more than 5500 cities)
According to Business Insider’s article, 52% of Turo renters used this service to pay off their car loans (according to company’s survey).
So, you can rent your car out on Turo as a form of Passive Income.
10. Earn Passively for the things you already do.
No worries if you don’t have money to invest for a stream that would allow you to earn passive income, you can earn good amount of money while doing the things that you do in your daily life.
Meaning, you can get your cash back for shopping you already do. But how it works? If you do your shopping online then you can make some extra passive dollars by taking advantage of cash back rewards.
Rakuten Rewards -Start shopping at Rakuten Rewards (formerly known as Ebates) and find thousands of stores, deals and promo codes and earn up to 40% cash back passively.
Swagbugs– It’s a program that will pay you by simply using their search engine. You can earn free gift cards when you shop online, watch videos, take surveys and many more. Swagbugs probably the coolest way to earn passive money online.
If someone would ask me the right time to generate streams for passive income I would say the right time is now, and I would suggest you guys too to start it now.
If you don’t find a way to make money while you sleep, you will work until you die. By Warren Buffet
Well, My favorites Passive Income ideas are #2 and #3 and do let me know which one is yours.
Also, if you know any idea that requires no money to create passive income and is not listed above, please feel free to share.