Don’t be fooled into thinking passive income means making money from do nothing. I can’t think of anyway of making money from doing absolutely nothing. However passive income can be a way of making money from doing things you already do. Or with a little input at the start, the potential is that you can make money for ever after from it. Confused? I’ll hopefully break it down for you and give you a range of things you could do.
Please be aware passive income does not make a massive part of my income. It comes in drips and drabs but it’s a nice extra on top of the other ways I make money.
Passive income blogging.
If your reading this post chances are you have a blog as well. I know bloggers love to read these kind of posts. So apologies if I’m telling you things you may already know. Hopefully there will be something you don’t already do and you can use it to make a little extra cash.
By signing up to various affiliate marketing sites and using their ads and links when I’m already writing about products I use and enjoy is a no brainier. People click on the links and if they buy it I get a small payment. Literally only pence but every little helps.
I’m currently signed up with amazon associates and awin. However there are loads more that may or may not suit your niche.
Already posting great videos to enhance your blog posts. Make sure you’ve monetised your youtube site and that you have enabled adsense.
Creative passive income
This is where I have made most of my passive income from. From my time as an art and design student I had lots of art work in sketchbooks and as digital files. So I first tried uploading some the fabric supplier Spoonflower. I managed to sell some designs almost immediately and was so pleased I looked for other sites to sell my design work on. Now I have stores on these print on demand sites:
Plus I sell fabric in Woven Monkey and Prinfab.
This is not an exhaustive list, there are always new print on demand sites cropping up. It’s worth looking at the commission rates and ownership rights of your designs carefully before you start.
I also create cross stitch patterns, which I already did as a hobby. Now I sell them via Etsy and Craftsy. They automatically renew themselves and because they are digital I could potentially sell millions of them (fingers crossed). You could easily do this is sewing and knitting patterns or templates, printables or instructions.
Educational passive income
Have things to your want people to learn from. Whether that’s your story or instructions or tutorials. Why not create an ebook or develop a course that people can pay to subscribe to. You could either do it via your blog using payhip or create a patreon account and people can pledge to support you creating your great content.
Other forms of passive income
If you already use a credit card make sure you pick one that offers cashback.
Vicky from the www.thegrowingmum.com agrees with me.
Cashback everytime I use my debit card to pay by contactless. It is always a nice surprise earner at the end of the month
Elle from www.elfeelgoodsvintage.uk
Investing is a good one, I have some premium bonds and have won a couple of times. However, using the likes of Quidco & TopCashBack is my main one as I’m shopping anyway so getting cashback is certainly a bonus!
Vicky from www.mummaandhermonsters.com
Google offer all their phone users an app (google rewards) to get free google play credit for doing surveys related to their YouTube and play store activity
Emma from www.emmadrew.info
I’ve got an e-course that provides a great passive income, and I’ve just prelaunched my second one to my mastermind group before it fully launches next month. I’ve also got an investment property and have written a book
Sarah from www.lifeinabreakdown.com
A few years ago I was given £50 to play around with in peer to peer lending I knew nothing about it and just put it into an investment and left it there, I check it every now and again and it’s getting to double what it was, yes it’s slow but then it was only £50 but it shows that even a little can grow over time
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