Passive income is a great way to earn money consistently whether you do not need to work like a regular job. You have to spend few hours from your 24-hours to grow a side business that generates passive income stream. Here, I share you 4 profitable passive income ideas that will generate limitless earning if you can struggle hard and sticky on it until success.
4 Passive Income Ideas that Generate Unlimited Profit
1. Sell Course Online
Making money online by selling courses is a much better way now. You can create courses on any of the topics and upload them to popular online marketplaces. You will get a certain amount of money every time there is a sale. The company will deduct some money from there and you will get the rest of the money. In this way you will continue to earn money from that single course month after month. A single course can give you an excellent income stream and change your life.
You don’t need too much educational background to create the course. You create courses on the subject you are good at and upload them online and promote them at an early stage. There are many popular platform where you can upload and sell your courses.
2. Sell eBooks
Making Money Selling Books Online is a great passive income idea for those who like to write books and want to make money by selling books. Thousands of e-books are sold every day on the Amazon Kindle Marketplace. If you write 1-2 eBooks and upload them to the Amazon Kindle Marketplace once, you will continue to make a profit every month from there. As long as it lasts, your income will continue to increase. This is an excellent passive income idea for you. You can write eBooks on the following high-demand topics: Science Fiction, Romance, Health, Fitness & Dieting, Crafts, Hobbies & Home, Cookbooks, Food & Wine, Comics, Children’s eBooks, etc.
eBooks are usually 30 to 50 pages long. If you love writing, then write it yourself. Or you could hire another writer to write something that might cost you $50 to $100. From this one book you will generate profit month after month.
3. Affiliate Marketing
One of the most lucrative ways to make a passive income online is through affiliate marketing. Affiliate marketing is a simple business that requires you to have a website through which you can promote other companies’ products and in return they will pay you a commission. Affiliate marketing is preferred by people because there is no hassle of product shipping and no need for customer support. Just promote and sell the products through your website and you will continue to earn money month after month. It is a limitless source of income.
4. Become A YouTuber
Owning a good YouTube channel means being a millionaire. If you have a popular YouTube channel, you can earn a lot of money through it. A YouTube channel will bring you money in many ways such as through Google AdSense, through affiliate marketing, by selling your own course, by selling your own product, by sponsoring ads, etc.
If you know how to cook well, open a recipe channel. Create and upload good cooking videos every day. Share them on social media sites. Try to grow your subscribers.
Once your channel reaches a certain amount of subscribers, you can start earning money from your channel. Initially you may have to work hard for a few months but then you can earn a lot of money from a single channel which will change your life.