32 Cool Passive Income Ideas That will Work on 2022
Are you looking for ways to increase your income without having to spend much time or effort? In today’s economy, there are plenty of opportunities out there if you’re willing to put in some elbow grease.
Income is defined as the amount of money earned over a fixed period of time. For example, someone working full-time might earn $1000 per month. If they worked overtime, their total annual income would be higher. The key point is that income has a definite value — regardless of whether you’re a company or an individual.
With enough dedication and persistence, you can build a profitable online business that makes passive income. These businesses don’t require any upfront investment and generate revenue by charging customers recurring fees.
What is passive income?
Passive income is money you earn without doing much work. This can be earned in many forms including real estate, royalty rights, stocks/shares, dividends, interest, business assets, side hustles, franchises, and so on.
PASSIVE INCOME IDEAS: INVESTING MONEY YOU ALREADY HAVE
1. Invest in dividend-paying stocks
2. Buy index funds and ETFs
3. Open a high-yield account
4. Certificates of deposit (CD)
5. Bonds
6. Invest with Robo advisors
7. Peer-to-peer lending
8. Crowdfunded real estate
9. Invest in REITs (Real Estate Investment Trusts)
PASSIVE INCOME IDEAS: RENTING THINGS OUT
10. Invest in rental properties
11. Rent out your spare room
12. Rent out your car
13. Rent your parking space
14. Rent storage space
15. Rent your bike, sports equipment, or anything else you can think of
16. Rent your clothes
PASSIVE INCOME IDEAS: GET PAID FOR THINGS YOU ALREADY DO
17. Get paid to shop
18. Credit card rewards
PASSIVE INCOME IDEAS: CREATE AN ONLINE BUSINESS
19. Start your own online store
20. Start a blog
21. Buy a blog
22. Affiliate marketing
23. Write an e-book
24. Make money publishing blank books
25. Teach your expertise
26. Flip domains for profit
27. Set up your YouTube channel
28. License your photos
29. License your music
30. Develop an app
31. Sell printables on autopilot
Ready to pick your favorite passive income ideas?