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Top 10 Passive Income Ideas 2018
The trending topic of passive income ideas in 2018 has been going through the waves a bit this year but the fact has never changed that people are constantly looking for ways to increase their earnings and enjoy financial freedom. In this article
I’m going to share the top 10 passive income ideas that made waves in 2018 and how you’ll find them. Passive income opportunity On those thoughts in 2019. But first, if you are new to the topic, your first question is what is passive income?
Passive income is residual income, money that comes over time from work you’ve done in the past or work you’re doing now that doesn’t require much of your time and effort. Put another way, passive income is money you earn from part-time work. This is different from active income, which is money you earn from your job – a salary.
A big question that people often ask is whether one can live off of earning passive income. If you work your passive income sources and build streams of residual income, you can reach a point where your passive income can equal what you’re making at your day job. And that’s the goal, to build multiple streams of passive income so that it eventually equals or surpasses what you’re making at your day job, at which point you can say you’re reaching financial independence because then you have control over your time, your money is coming to pay the bills if you’re doing your main thing. Leave work and the system runs automatically, only you manage it.
I think the question in your mind right now is whether there is something you can do part time that will earn you an almost full time income. Yes, there is, indeed there are! Here we go with the top 10 passive income ideas of 2018
Affiliate Marketing: Affiliate marketing offers a great opportunity for people who don’t have their own product to take another person’s good product and promote it at a profit on every sale they make. This is an easy way to start earning passive income.
eBook Publishing: If you have an idea that can solve a particular problem, Kindle Publishing offers an easy way to put it together and publish it as a book. Book publishing has never been easier. Many people are asking if there is a business that you can start with no money. This is one. Everything is free, if you can write your book, edit it, create an attractive cover and write a good description for your book, you can start making money immediately.
Cryptocurrency: Cryptocurrency gained a lot of attention in 2018 as a source of generating residual income. There are basically two ways to make money with cryptocurrency. That is trade and mining. The best thing about this system is that you can trade from your mobile.
Network Marketing: Network marketing or multi-level marketing is one of the oldest businesses around, a system where you start at the bottom and work your way to the top. Although the talk about multi-level marketing may not sound like a buzzword, big companies are using it to bring hot products to market and individuals are using it to rise to great heights and earn both passive and huge income for themselves.
Freelancing: You’ve probably heard of websites like Upwork, Fiver, Elance and the like, where people go to get various types of digital work done for them. If you have the skills required on a daily basis like article writing, editing articles, book cover design, website development etc. then you can start earning money immediately from these websites.
Blogging: Yes people are still earning from blogging even though the market seems saturated. There are many tools that make it easy for anyone to create a blog and take it to prominence. Blogging is a great way to start earning passive income but it is not the fastest way to build passive income. That being said, it’s also important to note that if you do it right, it’s a surefire way to build a long-lasting stream of reputation and residual income.
E-commerce: It used to be for big companies but today anyone can set up an e-commerce store and start selling digital products online with WordPress and woocommerce plugins.
Drop Shipping: It deals with selling physical products through well-established e-commerce platforms like Aliexpress and Amazon. You don’t have to do any hard work, just research the top-selling products and promote them on your custom built e-commerce shop that is linked to the main platform and the product is delivered by the company while you profit.
Mobile Apps: There are more smartphones than people on earth today. And what powers these devices? Mobile apps. If you have an idea that can solve a problem, there is an opportunity for you to earn residual income. You don’t have to be a programmer to make a mobile app. You just have to come up with an idea and outsource the work to a programmer on one of the previously mentioned freelance websites to create it.
Video Blogging: YouTube is currently the second most popular website in the world. If you have a flair for video, there is an opportunity for you to earn passive income. YouTube allows creators of video content to earn on the platform with its AdSense program and partner program.
These are the top ten passive income ideas trending in 2018. If you want to start earning passive income in 2019, you may want to consider one of these as a starting point to build your residual income streams. But if you are already earning passive income online, I want to know how many of these passive income ideas you have tried or are earning.
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