15 Best Passive Income Ideas | Helps You Make Money in 2024

By Myilraj G 

Updated on Jan 3, 2024


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Online Surveys in India

List of Genuine Passive Income Sources to Make Money.

Many people were searching online every day for additional revenue and here I have listed a few passive income ideas for those people.

Passive Income helps people to get more free time to spend with their family and to concentrate on other life activities.

We are living in a society where our income is not sufficient enough to meet our expenses and hence it’s become necessary to find a second income source.

Passive Income Gives You Time Freedom and Financial Independence. Most of us have a job that demands and requires hard work.

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We work for a company to obtain recognition, satisfaction, and compensation. Although most people are gaining money in this way, the moment we stop working, the revenue stops.

On the other hand, passive income is a popular idea that has floated around the internet.

The idea is that with or without our involvement money is earned.

Once set up, there are constant recurring revenues.

You are definitely on the right path towards creating financial freedom in the search for passive income ideas.

Passive income is what is often called intelligent money, and the wealthy system earns their income by their preferred means.

Passive income is a sustainable revenue that remains generated after the initial effort or work. You get paid for work done once in a while literally.

What is Passive Income?

The income that requires you to make little or no effort such as renting a property or building a blog.

Though it may take some work to get up and running, eventually, they can earn you money as you sleep.

A passive income company is the best way to supplement your bank account without hindering your regular job, but this income usually has no guarantee or income limit.

You can not, therefore, set a minimum or maximum income threshold. It will therefore not be a realistic idea to use this source of income for your regular expenditure as for your primary financial source.

In order to accomplish these expenses daily, you must definitely maintain the budget and manage these with a regular, defined source of income.

Read More: Top 7 Benefits of Passive Income: How to Earn Passive Revenue?

surveys pay online

4 Important Conditions to Earn Passive Income?

You can learn how to earn your passive income online through the internet has become extremely easy.

Anyone can make huge sums of money from home by following a few simple principles, and create huge streams of income.

Anyone who wants it can succeed in following these 4 steps.

1. Mindset

Many people want to know how to earn online passive income and a positive attitude is important. The possession of your own internet business has many advantages.

You should create a similar mindset of putting your real efforts into working for a second income.

2. Objectives

You want to make money online for many reasons, so make your objectives big so that you can shoot and see further results for them.

More results are equivalent to more money. Create a new goal every day and write down your weekly objectives.

Create monthly objectives by writing and following them will keep you in mode and show you more and more results.

3. Education and System

When it calls for the use of a profitable system and access to the best training to show you what to do in order to earn passive revenue online.

You don’t have to experience previously and you can learn a lot about how to make money online for free and without any charge.

You can sometimes even have your own free website and very quickly start generating sales.

The proper education ensures you know what to do, and it will be much easier to achieve goals and thinking.

4. Action

Everything you learn is vital to implement immediately. You should know that the results are all important to know how to earn passive income online?

It’s not how long you have spent and the results are all about. The sooner you act, the sooner the results are produced and the sooner sales are made and a lot of money is created.

How Much Can You Earn?

If you read a few stories on passive ideas about income, you may get the impression that you can start or write an e-book and you will make $20,000 after a week (or) two weeks later. This is generally not how it works?

Multiple revenue sources are certainly not a short-term approach. While some people live a lot from one type of passive income, it is more common for you to get small amounts from a few sources.

Choose and try some things that sound interesting to you. Try to choose a few which will require work as an e-commerce website and others who do not want to buy dividend returns.

Either you enjoy the most or make the most money will come up with something. Concentrate on that. Put in it a little time and effort.

15 Top Passive Income Ideas

1. Affiliate and Reference Marketing

Affiliate Marketing Working Method

Affiliate and reference marketing involve driving sales to another company that pays a commission for every sale that it acquires.

One of the best options for people who want to earn money in this way is the Amazon Associates affiliate marketing program.

If a visitor to your site buys this product, then the business pays you a share of the money spent.

It’s a question of establishing a site that offers links to products on Amazon (or another site that offers affiliate programs).

2. The Sale and Publication of an eBook

In recent years, eBook publication has become a very popular way of generating passive income.

E-books are particularly successful in non-fiction issues such as online marketing, corporate growth, professional advice, and others.

While fiction eBooks can’t be more competitive than non-fiction boxes, they’re also good sellers.

You can put this on sale on platforms such as Kindle Direct Publishing from Amazon and the iTunes connection from Apple once you have written an eBook.

Read More: Download My Ebook: “A Handbook on Art of Blogging”

3. Selling an Audiobook

Audiobooks are becoming increasingly popular compared to their text-based versions.

To write and publish an eBook requires little effort and is an excellent way to create a passive income.

Amazon Audible ACX connects authors to producers who can transform writing into professional audio.

Once done, Audible and iTunes audiobooks are available for sale.

4. Compile Research and Guide

Evergreen content, described as the long-standing SEO content following its initial publication, is a good way of generating income.

Comprehensive research statistics and case studies, such as trends in social media marketing over the past five years, and detailed guides such as a Twitter-based beginner’s guide, will always be searched for individuals who would not mind paid little for accessing information.

5. Create an Online Learning Course

Online Course

Online learning platforms have become very popular in the past few years.

People are learning about their particular interests using platforms like Coursera, Lynda, and Udemy.

You can create a class on platforms like Udemy or Unacademy if you are knowledgeable in any domain.

Some of the examples are web programming, photography, or digital marketing.

Try learning email marketing and gain some experience by working on some projects.

Then, create an online course from your experience and publish your course on platforms such as Udemy.

Since there is a great demand for email marketing, many people can opt for your course thus increasing your sales.

6. Sell Photos Online

Please consider sending their photos to websites like Shutterstock, Alamy, and iStockPhoto for their photography enthusiasm.

The demand for high-quality images matches the competitiveness of this company.

So you can certainly make a lot of money from your sleep if you find a niche (e.g., landscape or business photograph) and become the expert on a single website.

Nowadays, everyone is using a smartphone that comes with HD cameras with high mega-pixels. So you can easily click a photo or shoot a video.

With the help of a few editing software, you can edit those photos and list them for sale in Shutterstock, iStockPhoto, etc.

You will earn money on every download.

7. Sell Your Designs and Artworks

There are lots of sites that pay you for sharing your artwork if you are a graphic designer or an amateur artist.

Sites such as Etsy, Zazzle, and The Souled shop allow people to add T-shirts, phone boxes, bowls, posters, book coverage, etc. to their designs.

The websites pay a commission to the contributing artist once and when these products are bought.

Create designs that add more appealing to the office environments to make more sales.

8. Building a Website

Despite being such a competitive enterprise, building a website remains a viable source of passive income ideas.

Because the internet is full of blogs, a fun website with games and quizzes is an alternative.

These websites are not too hard to make, and social media support is easy.

They can attract visitors, who spend a great deal of time on the site.

Use the Google AdSense system to start earning revenue through advertising, when a site starts registering several thousand visits each day.

9. Building an Application

Building a smartphone or a tablet android app requires a lot of technical skill, but can pay well if it succeeds.

It doesn’t have to be especially complex or stunning; a simple one that solves a problem or is entertaining enough to attract users works well.

What suddenly might become popular, you never know?

An example, you can create any android applications that might be useful for people.

A gaming app, news reading applications, finance app,  education app such as a puzzle, mind reader, can attract lots of downloads.

10. Start a YouTube Channel

Start Youtube

Some people who started their own YouTube channel at the time when video sharing blog was just launched are millionaires now.

With hundreds of people running their own channels, making it is much harder for a million dollars now.

YouTube is extremely popular, but earning a respectable amount of money remains possible.

As ever, you will need to find a niche still not saturated and focus on producing fascinating videos.

Once you start collecting views and subscriptions, your money begins to flow with minimum effort.

Google Adsense is a program partnered with YouTube that will earn money for you.

11. Rental Income

If you are having some excess land as your own property, you can consider constructing a home or any commercial building to offer on a rental basis.

In countries like India, many landlords are making a decent passive income through renting their homes for tenants.

The income from this method is significantly more than the normal income from 9 – 5 jobs.

But creating this type of system requires large capital to invest in constructing buildings and other infrastructure.

12. Investment in Dividend Stocks

Dividend stocks are an idea of sharing the corporate earnings among their shareholders either as cash or stock.

Initially, you have to invest some lump sum money in buying stocks from the corporate company to grab your position as a stockholder.

Normally, the dividends are paid quarterly, half-yearly, or annually as determined by the board of directors of the organization.

On an important note, never put all your money in one company rather diversify your investment and create a portfolio.

13. Interest Income

Interest Income

There are pretty many risks are involved in Dividend Investments and for those people who wish not to any risks, I recommend investing in Bank Deposits.

Banks are generally paying around 7% – 8% p.a. internet per annum on your deposited money and the interest will be credited every month.

To start with these passive income ideas, you need at least Rs.2000 INR to begin your investment.

Though the returns may be smaller, the compounded results are highly beneficial and you can make a substantial source of income.

You can simultaneously increase your deposit instrument for more interest per month.

14. Royalty Income

One of the best passive income ideas was generating revenue year-round through royalties.

Many people were making a great recurring income by writing and publishing their ebooks on Amazon, eBay, and other online publication services.

There are different things you can generate royalty income such as selling photos, music, videos, usable things or products, and Books.

15. Online Income

We are living in the age of Digital Technologies where almost everyone’s day-to-day activity is automated and becomes much easier.

Same way, it’s so easy to create an online income by working online from your home through your computer or laptop connected to the Internet.

Almost all businesses were started to mark their online presence and it’s much easier to start any business online using your ideas.

For example, in my blog, Online Home Income, I am earning a steady monthly income by renting Ad-space to direct advertisers.

I am also running a few other blogs on other niches to earn more revenue to support my primary income.


Time is a valuable asset. If time is so precious, passive income opportunities become even more precious.

To make more money, you don’t have to slave at work. You can work less but still earn more with a passive source of income.

It works differently than active income, which for most people is the most common source of income.

Read More: Top 7 Benefits of Passive Income: How to Earn Passive Revenue?

Active income may be in terms of pay, commission, or tip-in exchange for the service you have provided it is money that you earn.

You have to evaluate your best choices among different ideas about passive revenue if you are serious about building wealth.

There are many typically passive income ideas such as immobilization, stocks, and bonds.

But the Internet offers more chances for those who want to earn passive income while at home.

I hope you may surely like this article and try to start practicing any one idea today.

FAQ on Passive Income Ideas

What is Passive Income?

Passive Income is the source of revenue that regularly generates without being actively working in the system. It requires some upfront investment and a lot of effort at your beginning. Later it will bring you consistent money.

How Can I Make Passive Income?

The following ideas are the best sources for making passive income.
1. Affiliate and Reference Marketing
2. The Sale and Publication of an eBook
3. Selling an Audiobook
4. Compile Research and Guide
5. Create an Online Learning Course
6. Sell Photos Online
7. Sell your Designs and Artworks
8. Building a Website
9. Building an Application
10. Start a YouTube Channel
11. Rental Income
12. Investment in Dividend Stocks
13. Interest Income
14. Royalty Income
15. Online Income

How Do I Generate Passive Income In India?

The concept of generating passive income is not so common with the people In India. For them, they are following the below methods.
1. Rental Income
2. Investment in Dividend Stocks
3. Interest Income
4. Royalty Income
5. Online Income
6. Start a YouTube Channel

Other Popular Blog Posts!

Myilraj G Author OnlineHomeIncome Blog

Hi, I am Myilraj.G!

Myilraj. G is a full-time Blogger, Content Writer, and Digital Marketer. A first-generation entrepreneur started his career as a blogger in 2013.

He helped 600+ individuals across India and a few outside India to start their blogging careers. He also helped SMEs to create their digital presence through his impeccable Digital marketing assistance.

3 Comments on "15 Best Passive Income Ideas | Helps You Make Money in 2024"

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  1. Hey Myilraj,
    I like the way you wrote this post. This is really worth reading for the one who really wants to generate passive income. I have also written some good points on passive income. You can check mine. Anyways, Good Job! Keep sharing such good content. I will come again to read more articles. Thanks.

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