20 Passive Income Ideas That'll Make You Money While You Sleep

It doesn't matter whether you have just been eying internet marketing to achieve financial independence or you have been in the business for quite a while. This is often included in most passive income ideas because you can just sit back as the money rolls in. Buying bonds are considerably safer compared to investing in stocks because bonds are considered as liabilities by the company that issued them. While most physician authors recommend against writing books purely for money, it can provide an additional small stream of income as the royalties come in year after year.

Yes, I consider credit card rewards passive income because I earn them just from spending money like I normally do. I only got speaking engagement requests because of the blog and a lot of my income has come in through the blog so I can't stress that enough.

Another way to monetize your blog or social media platform is to create an exclusive membership that will give them access to exclusive content. The following passive income ideas run the gamut from easy to difficult, low-return to high, high-risk to low. There are lots of platforms like Shutterstock and istockphoto that enable you to sell photos online.

You can also sell physical products yourself, but this may not be as passive. Most people who have passive income streams have found that once they have one income source up and running, it is easier for them to create multiple income sources. Get sponsorship for your podcasts and earn some passive income.

This is a popular passive income stream for lots of WordPress developers, especially of plugins, and is also quite popular amongst bloggers who pump out lots of useful content for free (eg Steve Pavlina) - not to mention a great lead entrepreneur generator for future premium product sales.

Probably, the most popular business model for earning an income online, affiliate marketing is a really simple way of creating a new stream of income online on a very low budget. Tela's system is so effective that she recently paid off her mom's house and has mentored hundreds of people to go from paper trading (practice trading) to making REAL money in the stock market.

And that's because back then selling products online was insanely complicated and time consuming. When to launch: while you can and should add affiliate links to your blog content at any time when appropriate, you shouldn't expect to make a lot of money from affiliate marketing until your blog is at least 6 months old.