Today it isn’t enough to rely on a single job to build a secure financial future. There are too many uncertainties, and it is easy to find yourself on the wrong side of a company-wide mass firing.
Never has the need to create a source of Passive Income been greater. But where do you start? How do you have your money work for you? Also Read: 8 Simple Steps To Start A Small Business Right Now
This article will show you six websites where you can start making some side cash, earning $100 a day, or even more! And the best part is, you don’t have to quit your 9 to 5 job. You can make this money working in your free time. Are you ready? Let’s get to it!
6 Ways Of Generating Passive Income Online Without Money
So, what exactly are we talking about when we say “Passive Income?” The idea is that you put in the work once, and the money should keep rolling in without you having to do any more work. Passive Income can be a great way to build your business if you’re starting.
However, it can also be pretty tough to figure out how much money you should earn with Passive Income. That’s why it’s essential to understand what kind of Passive Income you want before jumping into it! Also Read: Best 5 Side Hustles With Your Car To Make Money
So, the first opportunity for Passive Income online is “YouTube.” Yup, the same place you watch your favorite YouTuber Videos. YouTube is a fantastic platform for making money.
But what’s even more astonishing is that you don’t have to be a Professional Videographer or have any special equipment to make money with YouTube.
You only need a Camera and some Editing Skills! The key with YouTube is creating content your audience needs and is actively looking for. Whatever your area of expertise, someone is out there searching for an answer you can provide. Also Read: 10 Small Businesses You Can Start In The Recession
Those types of “How-To” or guidance videos do well, but you can also do more current events or Vlogging Style of videos. It might take longer to find your audience, but the earning potential is pretty high once you do.
The second website is “Amazon.” And while there are many active ways to make money on Amazon, there are also a couple of great Passive ones. One of my favorites is “Kindle Publishing,” also known as “E-Book Publishing.”
You don’t have to be an established author or find a publishing company. You can do this from the comfort of your home and start earning some Passive Income online. Sounds fantastic, right? Also Read: 5 Side Hustle Websites To Make $1000 Per Day Online
And the best part is, it’s free! All it takes is an idea for a book. You could even hire a “Ghostwriter” to create it for you based on your vision. Once you have your E-Book up on Amazon, you make money whenever someone purchases it.
While Amazon is the big daddy of online publishing, there are many more hoops to jump through than there used to be. So, you might want to check out one of the newer online publishing options that have been popping up in recent years.
The third on our list is “ClickBank.” ClickBank is a marketplace that sells digital products and services, often at a pretty high commission. It is what you might have heard of as “Affiliate Marketing.”
ClickBank is the largest affiliate marketing site, but you must pick your products carefully. Sure, some pay as much as 75% commissions, but some only pay 5%. So, do a bit of research to find the right option. Also Read: 5 Best Business Ideas To Start With Zero Money (2023)
To start with ClickBank, head to their site by searching it on Google. It’ll take you directly to the Affiliate Platform, where you can pick something you’d like to sell and start generating Passive Income online!
Fourth is another excellent tool: “Flippa.com.” Flippa is the number one marketplace for buying and selling online businesses. It attracts a vast audience and offers excellent means to increase visibility.
It’s an auction site, like eBay, for those selling and buying digital assets, such as Websites, Apps, Domains, Shopify Stores, and Amazon FBA accounts. Also Read: 6 Best Ways To Make Money On Instagram ($1000/Month)
If you are good at making Apps or Websites, you could use those skills to make money by flipping online properties. Or better yet, if you have some cash lying around and are interested in buying Websites, Apps, or e-Commerce stores that are already making money, Flippa is for you.
The fifth option for generating Passive Income online is excellent if you love Photography or Music. It is a website named “Shutterstock.”
Shutterstock is a marketplace where you can buy or sell digital media. They’re like Picarto but with a little more control over your content and flexibility.
If you have super-talented friends who love taking pictures and making videos, maybe they’re photographers or musicians, then Shutterstock is the place for them! Also Read: How To Generate Passive Income From Dividend Investing?
Shutterstock allows users to earn money by selling their media. You can get paid a commission on every sale that your content generates. You’ll be able to receive some compensation in exchange for providing content through Shutterstock.
Finally, there is a site you’ve probably heard of but might not realize can be used for generating Passive Income online. It’s “Fiverr.com.” As you might know, Fiverr is a freelance site where you can outsource anything, as long as it’s legal, for as little as $5.
There are so many different ways to make money on Fiverr. You can do Animation, Logo Design, Packaging Design, Web and Mobile Design, Social Media Design, Photoshop Editing, Architecture, Floor Planning, and more; the list goes on and on! Also Read: 9 Ways To Grow Your Online Business & Generate Sales
If there’s anything that you can outsource, you’ll most likely find it on Fiverr. But that also means you have the opportunity to sell a service that you’ve been able to systematize so that your work involvement is negligible, but you can still bring in Passive Income.
Once you’ve set up your system and automated it, you need to post the gig on Fiverr and start bringing in the paying jobs.
The truth is, looking for ways to have a better life is a never-ending journey. It would help if you always were a lookout for side hustles. But that’s normal.
The journey to financial freedom isn’t necessarily an easy one. That’s why you must have a side hustle to help you achieve your goals and dreams. It might include running an online business or even starting your own blog. Also Read: Best 4 Recession Proof Side Hustle Businesses In 2022
Whatever it is, there are tons of ways to leverage your time and skills to generate Passive Income online! Check out the previous article, where we’ve shared five online side hustles you can start immediately to earn money.