BUSINESS
30 Passive Income Ideas to Build Long-Term Wealth
Discover the top 30 best passive income ideas to build long-term wealth you can start today.
Curious how you can earn passive income?
Although it gets touted as easy money, most passive income streams are the result of hard work: building an audience, optimizing paid ads, and delivering a great experience and a superior product. However, as a current or aspiring business owner, you’re not afraid to put in the time to do all of those things, and you might already have all three checked off your list.
Adding passive income streams to your life can give you more freedom, flexibility, and money. Discover 30 ways to make passive income, with examples and tips to start today.
What are the 30 best passive income ideas to build wealth?
Whether you’re running a service provider trying to stop selling dollars for hours or a product business looking to add a stream of revenue that doesn’t involve the logistics of sending out physical products, explore the following passive income strategies:
1) Start a dropshipping store.
2) Create a print-on-demand store.
3) Sell digital products.
4) Teach online courses.
5) Become a blogger.
6) Sell handmade goods.
7) Run an affiliate marketing business.
8) Sell stock photos online.
9) Become an Instagram influencer.
10) Buy a rental property.
11) Invest in the stock market.
12) Rent out your spare room.
13) Rent out your car.
14) Lend money to peers.
15) Earn while shopping online.
16) Buy and sell websites.
17) Start a YouTube channel.
18) Invest in REITs.
19) Stake cryptocurrencies.
20) Sell designs online.
21) Invest in businesses.
22) Rent out unused space.
23) Sell NFTs.
24) Create a job board.
25) Create no-code apps.
26) Write a digital guide.
27) Earn royalties through inventions.
28) Record audiobooks.
29) Invest in vending machines.
30) Build and sell spreadsheets.
Read more here.
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