Make Money Online With These 15 Passive Income Ideas

All right so I found 15 passive income ideas that earn as much as $10,000 a month and you can do all of them in 2024 starting right now.

the best thing is most of these are accessible to anyone reading this article, so go ahead cheers the like button and let’s jump into it with number one on the list.

1. Selling Templates:

Who said art doesn’t pay? selling pre-designed formats and these are ones that various different businesses and individuals can use for various purposes and these templates could include resumés presentations websites or even Excel sheets for finances.

some of these Excel sheets or Google Sheets for instance could have automations attached to them where they can just automatically do things whenever they get updated.

if you don’t think you can make money from this here’s a story of a guy who made $534,000 selling templates and basically he did this by creating notion templates.

notion is kind of like a project management software but it’s also an organization software as well and you can basically customize it to whatever you want and that’s one of the reasons why it’s so popular is because there’s so many different ways to customize your notion template and there’s also a lot of automations that you can put into notion.

so you can automatically do things whenever you update something and so it’s incredibly useful so yeah selling templates is awesome there’s so many different types of templates you can sell I’m going to go ahead and give this one a 9 out of 10 opportunity.

2. Investing in REITs

REITs stands for Real Estate Investment Trust and this basically lets you invest in real estate without the hassle of being a landlord and it’s sort of like an index fund.

if you’re familiar with those where you you know invest a certain amount and you’re actually investing in like a thousand different stocks except you’re doing it in real estate instead of companies.

so this allows you to invest in real estate without all the headache and it also allows you to diversify your Investments because if you invest in one house who knows what could happen to it there could be an earthquake there could be a fire you never know but if you invest in a thousand different houses chances are that’s not going to happen to all of them.

now basically the way REITs work is you invest into it and then by law they have to pay 90% or more of their taxable profits in the form of dividends and You’ get these dividends every single month.

so yeah REITs can be a really good way of diversifying your Investments and investing in real estate without having to worry about all the headaches of being a landlord buying property Etc.

so I’m going to go ahead and give this one an 8 out of 10 opportunity score.

3. Selling Educational Worksheets

this basically involves creating and selling educational materials, such as study guides lesson plans or practice sheets and then selling it on an e-commerce platform. so a lot of the time for instance you’d be selling these to either teachers or people who are homeschooling their children.

if you don’t think you can make money from this well guess what this person Michelle talked about how she makes $400,000 per year selling educational printables, so you definitely have the ability to get to at least $110,000 a month doing this and the great thing about it is relatively passive you create the educational printable you put it up online and it pretty much just does the work for you from there.

so this is one of those ways where you can actually make it into a passive income machine, now of course you do have to do the work upfront and you’d want to do a bunch of market research you’d also want to put it on their correct website.

so that they Market it for you but if there’s a bunch of people already searching for this you’re probably not going to have to do that much marketing, so yeah this one is really good I’ll go ahead and give it an 8.5 out of 10 opportunity score.

4. Buying and Selling Blogs or Website Domains

this is exactly what it sounds like you would basically go out there and you’d either search for existing blogs or you’d search for existing website domains that you think have really good names right.

so an example of this is is right as the whole nft thing was getting really popular there were probably a bunch of people out there who bought a bunch of different nft related website domains and maybe even blogs that already existed and chances are as they got more popular the price of those websites went up tremendously.

so you might have bought them for $50 and then been able to sell them for like $5,000 there’s such as one individual who made $180,000 by buying and selling websites part-time.

so yeah this is a legit way to make money people have been doing this for years and years and in some cases they might like micro flip it so they might buy it for $50 then sell it for a 100 bucks.

I mean that’s still pretty good profit so yeah buying and selling blogs buying and selling website domains really good one I’m going to go ahead and give it an 8 out of 10 opportunity score.

5. Creating an App

Next is going to be creating an app now this is one where there is a tremendous amount of work up front and by the way you could create an app you could also create an extension that works in Google Chrome for instance.

there’s many different ways of doing this but it’s a ton of work upfront but if you’re able to create a really good one that just runs on its own the beautiful thing about having a company like this where you create an app or a piece of software is it pretty much just does everything on its own after that and there was a really cool story about a kid.

I believe he was even a teenager who created an app called sule which basically does a summarization using artificial and elligence technology that summarizes different blog posts and news articles and then he was able to sell that app to Yahoo for 30 million.

there’s another example of this guy Chad Moretta and he was basically a real estate agent that got injured and ended up in a hospital and then he created an app that had to do with kind of fingerprint security and within the first month he was already making $112,000 in sales monthly two months after launch he got to $30,000 a month and then a little bit after that he got to $120,000 a month in income then in the next two years he created and sold three different app companies which Rak in millions and millions of dollars.

so yeah this is a really good way of making passive income although it’s not very passive at first there’s a ton of work upfront I think out of all the ones on this list this is the one where it has the highest ceiling I mean you could literally make like $30 million or $100 million but with that being said it’s really difficult to get started and it’s not as passive as a lot of the other ones on this list, so I’m going to give it a 7 out of 10 opportunity score.

6. Creating and Selling Online Courses

If you’re skilled in a particular area, creating an online course can be a fantastic way to earn passive income. One former high school math teacher earned $1 million teaching online coding courses. Platforms like Udemy, Teachable, and Skillshare make it easy to reach a wide audience. I rate this a 9 out of 10.

7. Rental Real Estate Property

Owning rental property can be highly profitable, though it involves more active management compared to REITs. Hiring a property manager can help make it more passive. Many people have found success, such as a 33-year-old whose rental properties bring in $111,000 a month. I give this an 8 out of 10.

8. Starting a YouTube Channel

Creating content on YouTube can be incredibly rewarding. Many YouTubers make six figures or more monthly by monetizing their content. The great thing about YouTube is that once you create a video, it can keep generating income for years. This gets a 10 out of 10 from me.

9. Vending Machine or ATM Business

Starting a vending machine or ATM business involves initial setup and periodic maintenance. Location is crucial for success. One individual turned a vending machine side hustle into a $300,000 business. ATMs, in particular, can be very lucrative due to transaction fees. Vending machines get a 7.5 out of 10, and ATMs an 8.5 out of 10.

10. Starting a Membership Website

Membership websites provide recurring revenue. You can start something like a Patreon, where followers pay a monthly fee for exclusive content or services. A successful membership site can bring in substantial income, with the added benefit of stable, predictable revenue. I give this an 8.5 out of 10.

11. Creating a Lead Generation Website

Lead generation involves creating a website that collects leads for specific services and selling these leads to companies. For instance, a roofing lead generation site can sell leads to roofing companies. This can be extremely profitable, with some people making seven figures annually. This scores a 9 out of 10.

12. Investing in Startups

Investing in startups is riskier but can offer much higher returns than traditional investments. Platforms like StartEngine allow easier access to startup investments. Ashton Kutcher, for example, built a $250 million portfolio with startups like Uber and Airbnb. This gets a 7 out of 10.

13. Blogging

this is sort of a tried and true way of making money that’s been really good for like the last 20 years and it’s still really good to this day and basically what you’re doing is you’re creating a niche website where you talk about a very particular topic and then you make high quality content on that topic.

then there’s various different ways of monetizing it all the way from ads to putting affiliate marketing stuff on there and also just creating your own online course as well and there’s also many other ways of making money from it as well like selling physical products for instance.

so the thing about blogging is it is a lot of work up front and then it also takes a lot of patience because most blogs aren’t going to make that much money in their first 6 months or even a year it usually takes like two years or so like a year and a half two years patience before they start making a substantial amount of money.

the truth is most people just simply don’t have that much patience but with that being said I’ve met hundreds of business owners actually more like thousands of business owners at this point and I’ve seen over and over again blogging is a very easy way of making money.

there’s so many people that have been successful with blogging it just takes patience that’s that literally like all you have to have is patience and you have to do some of the work upfront.

now the great thing about blogs is they usually kind of get to a saturation point where maybe you’ve made like 150 articles for instance and at that point it actually doesn’t make any sense for you to make more articles and so you can either just park the blog and just make an article every once in a while and just get that monthly recurring revenue from it

because it’s just going to keep making money for you or even better in most cases is you just sell it at that point, so yeah blogging is a great way of making money uh I like it a lot the only problem with it is it just requires a lot of patience but yeah I really like it a lot I’m going to go ahead and give this one a 9 out of 10 opportunity score.

14. Starting a Vending Machine or ATM Business

A vending machine or ATM business is straightforward and can be very profitable with the right location. These businesses require minimal maintenance and can generate steady income. Vending machines get a 7.5 out of 10, and ATMs get an 8.5 out of 10.

15. Starting a YouTube Channel

Creating a YouTube channel and monetizing your content through ads, sponsorships, and merchandise can be highly lucrative. With over 500,000 people in the US making a full-time income from YouTube, this platform offers significant earning potential. This scores a 10 out of 10.

By exploring these passive income opportunities, you can find the right fit for your skills and interests, potentially earning up to $10,000 a month or more. Start now and take control of your financial future!

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