4 Passive Income Ideas that Make A Steady Income (2024)

By Moazzem Hossain|2022-09-15T06:39:03+06:00April 23rd, 2022|Business|2 Comments

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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.

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.

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About the Author: Moazzem Hossain

I am Moazzem, full-time blogger and founder of dailypaidonline.com. I talk about personal finance, work at home jobs, home business, making money, saving money, money making crafts, small business, online business, passive income ideas, extra money ideas, blogging, etc.

2 Comments

Maandlakhe MathebulaAugust 25, 2022 at 9:43 am - Reply
Good morning Moazzem,
Please help me with the means on how to earn money by correcting spelling mistakes and sentence corrections on the daily basis.
Kind regards,
Maandlakhe Mathebula
- Moazzem HossainAugust 25, 2022 at 2:49 pm - Reply
  The demand of proofreading job is growing everyday. You just need to correct the spelling and grammatical mistakes. Here are 30+ proofreading jobs https://www.dailypaidonline.com/online-proofreading-jobs/

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4 Passive Income Ideas that Make A Steady Income (2024)

FAQs

What is steady passive income? ›

Passive income is a money stream that requires little or no continuous effort. As a business model, it's largely self-sustaining; often, passive income involves some kind of upfront or initial investment that generates long-term steady gains.

How do you make steady income? ›

One way to build an income stream is to invest in dividend stocks, which distribute part of the company's earnings to investors on a regular basis (typically quarterly). The best dividend stocks increase their payout over time, helping you grow future income. (Learn more about dividends and how they work.)

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What are steady income funds? ›

It typically includes investments like government and corporate bonds, CDs and money market funds. Fixed income can offer a steady stream of income with less risk than stocks. Mutual funds that invest in such instruments are called fixed income funds or broadly debt funds.

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How to make 1k a day? ›

Starting a local service business like home cleaning, lawn care, handyman work, construction, and similar blue collar trades can hit $1k daily revenue with just a few clients paying you for jobs. The tradeoff is you actively exchange time for money earned doing client work vs.

Who is the king of passive income? ›

What is passive income? According to the king of passive income, Pat Flynn, it's “building online businesses that take advantage of systems of automations that allow transactions, cash flow and growth without requiring a real-time presence.”

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What does the IRS consider passive income? ›

Gross income from passive sources includes: Dividends, interest, and annuities. Royalties (including overriding royalties), whether measured by production or by gross or taxable income from the property.

What is an example of a passive income? ›

Passive income is money that doesn't take much time or effort to make and you don't earn it from a traditional job. It can include earnings from rental properties, dividends from stocks, selling courses online, and other projects where you're not involved in the continued generation of revenue.

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How to make $5000 a month in dividends? ›

To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.

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What is the average passive income? ›

According to the US Census Bureau, 20% of American households earn passive income, with the median earnings sitting at around $4,200 (£3,390) a year, and estimates suggest that around 36% of millennials already make passive income of some kind.