8 Best Passive Income Ideas To Make a Full-Time Income

1. Starting a Blog

The number one suggestion is always to start a blog. It’s a highly scalable, easy and fast way to start making an income from side.

This blog started as a side hustle and now make us a decent passive income every month. And that too with hardly a few hours of work every month!

It’s a highly profitable business model as well. I mean, which business costs $50 in annual expenses but can make you thousands of dollars in profit every month!

If you are new to building digital businesses but want to build a new source of passive income, I highly recommend starting a blog. It’s the best way to reach your financial goals!

2. Become a Proofreader

If you have a good eye to spot errors and a good grasp of any language, you can make money online as a proofreader.

As a proofreader, your job will be to find mistakes in text and eliminate them. Whether it be errors in punctuation marks, misspelled words, or formatting errors, you will have to find and rectify them.

3. Writing an E-Book

Ever wanted to be an author?

I know writing a book sounds crazy, but it’s very much possible. Unlike in the 20th century, you do not need a publisher and agent to sell your book.

It’s possible just with the click of a button. Amazon has revolutionized the publishing industry with Kindle Direct Publishing. You can now publish your book (both hard copies as well as e-books) at the comfort of your home. All you now have to do is to essentially write the book!

In this age of tweets and snaps, people hardly spend time reading large novels or books. Be it a novel or non-fiction book, small and concise books tends to do well.

Thus if you have experience or expertise in something (it could be anything – fitness, travel experiences, cooking, home decor, parenting) or if you have a story in mind, publishing an e-book has never been easier!

The best part about self-publishing is that it is a passive income source. If you publish a book, you will keep receiving royalties as long as your book keeps selling. It’s a life-long earning opportunity!

Online App Review Jobs That Pay $25 - $50 Per Hour. No Experience Required. Work At Home. 

4. Creating Your Own Courses

If you are wondering which is the most profitable online business model, we would say its starting a course of your own.

The typical path of a digital marketer is to get started from a business like blogging, YouTube, podcasting, etc and later build a course of their own. Because creating your own course is crazy profitable.

Think of this, you have a $199 course. That’s $199 for every person who buys your course. That’s much more easier than having an insane $50 RPM and getting 4,000 people to visit your blog or YouTube channel. 

You would rather have 1 person buy a $200 course than four thousand people read a free blog post, right?

In short, creating and selling an online course is one of the most profitable online businesses you can start.

You can choose to sell your courses through already established platforms like Udemy (you will get free customers organically since they have millions of customers already) or can start an online school of your own through platforms like Teachable, Thinkific, Podia, etc.

5. Starting a Podcast

Podcasting is one of the most profitable online businesses you can run. Like blogging, it costs a very small amount to get started (you just need the right mic and hosting), but pays a decent income for your efforts.

Of course, it takes some time grow your follower base (just like blogging or starting a YouTube channel). But once you have a follower base, you will be able to make a great side hustle income from your podcast.

6. Starting a YouTube Channel

Starting a YouTube channel is another powerful way to earn online while working part-time. It’s a perfect night hustle with lots of potentials.

It might not pay off right away, but as your videos start gaining more traction, you will start seeing significant passive income coming in. And it also has the potential to become a full-time job (even a small business) in the future. 

And irrespective of whether you are a student or have a full-time job, you can spend a couple of hours every night creating and editing videos for your channel.

7. Become an Affiliate Marketer

Affiliate marketing is an extremely lucrative side hustle idea. The earning potential is really high and the barrier to entry is really low.

The competition is also high in affiliate marketing, but the pie is big enough that you can always make a nice side income with good efforts. There are several affiliate programs that pay hundreds of dollars in commission per sale.

8. Become an Email Marketer

Email is one of the oldest and most effective communication and marketing channels employed by marketers for decades. Even though the concept of email and email marketing came to popularity in the 1970s, it is still as effective as earlier, if not more.

According to DMA national Client Email Report 2015, email marketing has an ROI of $38 for every $1 spent, and 1 in 5 companies report an ROI of over 70:1.

The Returns On Investment (ROI) above show how effective email marketing actually is!

Running a newsletter is more profitable and simpler than ever before. With around 4 billion people using email and billions of emails being sent daily, email spamming has also become a common problem. Most people only subscribe to high-quality mail lists and newsletters of late.

Even though it has become challenging to capture leads through email, email marketing, and newsletter business still is one of the most effective side hustle ideas to try out.