Are you tired of having to work endlessly to make some money? Now, you want to relax and see the cash flow into your account without having to do too much?
Passive income is any income that is earned and sustained with little or no effort. This kind of income is sought out by many. Though it does not require any effort, it certainly requires upfront investment and nurturing, especially at the beginning phase. Learn more “The Ultimate Passive Income Guide”.
It is essential to know and learn how to make passive income with the internet. Here are the best passive income opportunities for 2020:
Car renting
There are numerous ways to earn high income with your car. One is to advertise company products with your car by displaying their ads on it. Don’t worry, you won’t need to socialize with passengers.
Another is to offer to share your ride on apps like Uber. If that is not ok with you, then, rent your car to other drivers on apps like SIXT, and Zipcar.
Also, you can choose to deliver groceries in your car.
Airbnb
Airbnb stands for Air-bed and breakfast. Cool, right? Some travelers prefer to stay in a place where they feel more at home than in a hotel. You can rent a property at a lower price to travelers on a short term basis.
The property can be anything from a house to a room, or a boat, or even a car. According to research, an Airbnb host makes $924 on average, a month.
Affiliate Marketing
Affiliate marketing is one of the passive income opportunities in 2020. It is all about profiting from promoting a company’s product or connecting people to a product. All you need to do is to create the product link on your blogs. When people click on it, they are directed to the product page.
So, you get paid for referrals. It’s just as simple as that. If you are new in this business, creating content and building traffic can take a while at the initial stage. To make it easier, see “The Ultimate Passive Income Guide”.
PPC Ads
Pay-per-click (PPC), is an online advertisement system. In this system, an advertiser pays you to help drive traffic whenever their ad on your site is clicked.
It does not matter what the person does after clicking, but every single click adds money to your account. However, to achieve this, you will need to build your site traffic so people can get to see more and more of your ads.
Course sales
Selling courses online is a booming business nowadays. The best online courses to sell are educational materials and lifelong learning courses.
According to Learn Worlds, online courses sold at a rate of $107 billion in 2015. Looking into the future of online course sales, it is estimated to produce over $300 billion by 2025.
Display Ads
Displaying Ads on your site is one significant way to make passive income online. They are just online billboards.
Earlier, we said that setting up an online passive income business requires some efforts at the initial stage. So, advertisers pay you to have their ads displayed on your site. However, you will need to drive high traffic to your website as you are being paid so people can see the ads.
Digital Product
There are different types of digital products one can sell online like e-books, video-workshops, PDF guides, etc. So, you can create them once and sell them multiple times.
More so, digital products cost little in terms of production. A study showed that they are the most profitable way to make money online. The only thing is that, once a product is sold, you may not have control over how it’s been used.
Stock Photos
If you have a good digital camera, you can take shots and sell them on online platforms like Dreamstime.com. Also, you can sell the rights to your photos to brands and businesses that need to use them.
This can also be achieved if you are a good graphics designer. Create breath-taking graphics, display and sell them online and make good money.
Network Marketing
Network marketing is a kind of home-based business. Earning an income through network marketing is all about building a team.
At the initial stage, you need to reach out to people to create a down-line. Once they are in with you, the responsibility of reaching others falls on them. And, once the team grows, you earn more commission based on their sales.
Pay Apps
Apps that offer you the benefit of getting paid just for installing and using them are frequent these days. Nelson Digital, a good example, runs in the background and enters you to win rewards.
To use these apps, you just need to download and use them. The only effect is that the app tracks what you do and sells your data. You can also try other apps like Prize Rebel, Ibotta, etc.
Create an App
The App Store, in 2017 alone, created $26.5 billion revenue for app developers, says entrepreneur.com. You can create an app if you have an excellent, unique idea for an app and sell it on the App store.
If you are not a programmer, consider hiring one to create the app for you, then, sell it on the App Store.
Peer-to-peer Lending
Popularly known as P2P, peer-to-peer lending is all about giving back to society. You loan a certain amount to a borrower through an online middle-man or company.
Usually, the loan is offered to people who want to start a business, but cannot access funds through the traditional loaning system. So, you earn more income through the interest payment, and of course, the principal will be returned.
Conclusion
Now that you know how to make passive income with the internet, you may be tempted to start to a few at once. Passive incomes require time to grow and transform into a money-making business that will afford you the time to engage in other activities. My advice to you is to try them out one at a time. To get started, click on “The Ultimate Passive Income Guide” for all the help you need.
