40 Passive Income Ideas To Boost Your Revenue In 2022
– Passive Income Ideas –
Passive income can be a great way to help you generate extra cash flow, and the economic upheaval largely caused by the COVID-19 crisis is a testament to the value of having multiple streams of income.
With passive income ideas, you can have money coming in while still working your primary job, or if you’re able to build up a solid stream of passive income, you might want to relax a little.
In either case, a passive income provides additional security.
If you’re concerned about being able to save enough of your earnings to meet your retirement goals, building wealth through passive income may be appealing to you as well.
READ ALSO:
- Student Loans Count
- High-Income Skills
- 25 Passive Income Ideas
- Lower Income Tax Rates
- Handworks That Brings Reliable Income
Passive Income Ideas
The following are tried-and-true passive income ideas for people to generate significant revenue for themselves.
These ideas include both short-term gigs that provide quick extra cash to longer-term ventures that have the potential to grow into a full-fledged small businesses.
Whatever you’re looking for, look through the list below and choose a method that fits your skillset and time constraints.
1. Sell Items on eBay, Craigslist, or Facebook Marketplace
One of the surest ways you can make extra money if you’re in a bind is to sell items on sites like eBay, Craigslist, or Facebook Marketplace.
Any used items like furniture, household appliances, collectibles, or anything else that you’re just not using or are collecting dust, can be sold online to make extra cash.
If you’re serious about this, you can even do it professionally for others and collect a small commission for each sale. Take quality photos and write a good description and you’ll be in great shape.
2. Recycle used Smartphones on Gazelle
I’ve sold a few used smartphones on Gazelle and it’s a no-hassle way to generate passive income if you have an old iPhone, Samsung smartphone, or another device sitting around.
While it’s not the most lucrative side hustle, you will be able to get a little bit of extra money that might just help you out depending on your financial situation.
3. Drive for Uber or Lyft
One of the most widely available side hustles is to drive for Uber or Lyft.
The sharing economy has quite literally exploded, and both Uber and Lyft are at the forefront.
You can turn on and off your availability through these networks with the simple click of a button, effectively allowing you to make extra bucks in your spare time.
4. Deliver for PostMates
Another great option for earning extra income is to deliver for PostMates.
Similar to working for Uber and Lyft, you can work whenever you want. While the pay might not be enormous, you do have the ability to earn tips.
If you’re in a highly-trafficked area such as Los Angeles or New York City, this is a great way to earn some cash without quitting your day job–and you don’t even need a car.
5. Rent your Spare Room on Airbnb
Airbnb offers a great resource for people that are willing to rent out a spare room or even their entire home.
If you’re in a bind for some fast cash, AirBnB offers you an avenue for creating a profitable side hustle.
You’ll get paid 24 hours after a guest checks in, which is to avoid any problems or potential scams that might arise. Some people earn their primary income just by renting out rooms or homes on Airbnb.
6. Manage Social Media for Small Businesses
Many small businesses need a social media manager and simply don’t have the time or the expertise to be constantly posting on social media platforms like Facebook, Instagram, Snapchat, or Twitter.
Take it upon yourself to contact local businesses and offer up your services for a contracted monthly fee.
This is an easy way to make extra money no matter where you live.
7. Sell Services on Fiverr
Although services start out at $5, some Fiverr sellers are earning six-figure-plus revenues annually.
You can sell just about anything on this platform, but to succeed and become a Super Seller, you need to deliver massive amounts of value, even at those lower price points.
READ ALSO:
- Personal Income Tax
- Jobs Career Advice
- Inventory Controller Jobs
- National Salaries Incomes
- Economic Growth and Income.
8. Tutor over Skype
You can tutor people over Skype, no matter where you might live.
This is great, especially if you’re a digital nomad and you’re looking to earn more money than the local job market can potentially provide.
Tutor people from the United States or the United Kingdom if you’re traveling through Asia or another low-cost-of-living country around the world.
9. Start a Blog
Okay, so you won’t make money that fasts with a blog.
But, if you start a blog and deliver enormous amounts of value, you could set yourself up with a platform for ending a tremendous amount of passive income.
This hustle idea is something you can easily build on the side with just a few hours of work per week, but you need to stay consistent and post great content regularly.
10. Create an Online Course
Create an online course with a platform like Udemy or Teachable and leverage some of your skills to create a healthy extra income.
Depending upon how much time you invest in your course, you could make a substantial side revenue stream by creating courses that deliver tremendous amounts of value.
11. Build a Sales Funnel with ClickFunnels
As an online marketer and a software engineer, I am obsessed with sales funnels. However, many people struggle with creating the proper funnel that converts.
It takes a high degree of technical and marketing knowledge. However, ClickFunnels, a SaaS business with over 40,000 customers, which was started by Russell Brunson, takes all the guesswork out of that.
Build a sales funnel and automate your selling with a platform like this.
12. Write an ebook
I’ve long been drawn to the passive income supplied by creating an ebook and publishing an accompanied print-on-demand paperback.
By using platforms like KDP and CreateSpace, both by Amazon, you can create and easily create and sell an ebook that costs nothing to produce, and a paperback that earns you money.
13. Produce an Audiobook
Use a platform like ACX to create and sell audiobooks on platforms like Audible and iTunes.
If you have a great idea for a non-fiction audiobook where you can teach a difficult skill, like stock trading, and foreign currency investing, you can easily create a five-figure monthly income with the right volume of audiobooks.
14. Become a Personal Chef
Are you a good cook? You could become a personal chef and prepare meals for other people.
You could easily market your services on social media or even go all out and build yourself a website.
There are also plenty of websites you can use to market your services such as HireAChef.
15. Walk Dogs
Almost anyone can walk dogs. If you live in a dog-filled neighborhood, create a few flyers on your computer and slip them into mailboxes.
Identify yourself as a dog walker and pitch your price. Build up a steady stream of clients and your dog-walking service will grow over time.
16. Babysit or become a Nanny
If you need to make some quick cash, you could always start babysitting or even become a part-time nanny.
You use a variety of sites to do this like Care.com or SitterCity or even post your services on social media sites.
You’ll get vetted and rated for your services, so be sure to provide a top-notch experience.
17. Clean Houses
Housekeeping is always a viable side hustle.
There are loads of private families and homeowners that are renting out their homes on a short-term basis that need housekeeping or house cleaning services.
You can list your services on a site like HouseKeeper.com and many others to promote your services.
18. Participate in Marketing Focus Groups
Marketing companies are always holding focus groups to study the consumer’s response to products, services, and advertisements across a variety of mediums.
I used to participate in these studies often in college, and so can your products or services.
You don’t need any special training to do it.
20. Have a Garage Sale
You could always hold a garage sale to make some extra money by getting rid of excess clutter in your house.
This is great if you have children that have outgrown toys or you simply have a large number of items that you’re looking to part ways with.
Post up some signs around town or advertise on Craigslist.
20. Create YouTube Tutorials
Although this isn’t the quickest way you can make extra income, creating YouTube tutorials can help you earn a respectable amount of money.
As long as what you deliver is engaging and keeps people interested for long enough, you’re bound to cash out.
You could also use free tutorials to upsell viewers on products and services you might be offering.
21. Sell Technical Services on Upwork
I’ve used Upwork as a platform to hire graphic and web designers for a long time.
But Upwork also provides a platform for accountants, lawyers, and other professionals to earn money.
Keep in mind that you’re keeping with thousands of other service providers so getting this off the ground will take you some time.
22. Design Logos on 99Designs
If you’re graphically inclined and can use programs like Photoshop and Illustrator, you could potentially compete for design work on 99Designs.
However, you won’t get paid unless your design is chosen as the winning design, meaning you need to be a very good designer to make extra income that’s worthwhile here.
23. Use TaskRabbit
TaskRabbit links you up with people that are looking to complete specific tasks in your area.
Tasks include things like lifting heavy furniture, assembling furniture, and so on.
You’ll need to register and get vetted but it’s a simple way you can make a bit of extra income in your spare time.
24. Sell Products on Etsy
Use Etsy to sell crafts or other homemade items.
Etsy is one of the largest resources for selling handmade goods on the internet.
You could also sell digital items such as digital posters that can be printed out.
25. Teach a Language
If you know a second language, and you’re well-versed enough in it, you could teach it to others as a second job.
If you’re traveling as a digital nomad, you could teach English as a second language in your country of choice.
26. Wash and Detail Cars
Wash and detail cars in your area. Hand out flyers in your neighborhood or post on social media offering your services.
Mobile car washing and detailing have become a relatively lucrative business in more upscale neighborhoods.
27. Open a Mobile Pet Grooming Service
Try your hand at pet grooming. Purchase and outfit a mobile van so that you can groom pets on the go.
This does require a small investment, but it’s a side job you could enjoy when you have spare time.
28. Start a Food Truck
Purchasing a food truck requires a substantial investment, but the food truck business is growing significantly.
Location and cuisine choice are important to the success of this side hustle.
Be sure to do ample research before getting started.
29. Become a Freelance Article Writer
Earn extra bucks by writing articles for other people.
If you have a passion for writing, you could help out other bloggers or even become a ghostwriter for well-known business leaders.
Use sites like Freelancer, Upwork, and others to advertise your services.
30. Personal Training
A great option for the fitness junkie: Find clients you can help out to achieve their weight loss or fitness goals.
Create meal plans or construct workout routines and you could make an admirable income for your efforts.
Make sure to get the proper fitness training certifications first.
31. Give Music Lessons
If you play the piano, guitar, or another instrument, consider teaching others in your local area.
Advertise online through social media or through your personal or professional networks.
32. Become an Affiliate Marketer
Affiliate marketing is an extremely alluring industry. However, many affiliate marketers don’t make much money.
If you have the skills it takes to succeed in this arena, you could quite literally make a small fortune.
But be careful not to get drawn into pie-in-the-sky hopes or dreams of making money without putting in much effort.
33. Do Email Marketing
Email marketing is one of the most profitable forms of marketing that exists online.
However, attracting subscribers and making a personal connection with them takes a good deal of work.
Use platforms like LeadPages, Aweber, Constant Contact, MailChimp, and ConvertKit to get things off the ground.
34. Write Resumes
If you have a skill for writing resumes, use sites like LinkedIn and other professional platforms to advertise your resume writing services.
Do a few for free and grab some raving reviews, then watch your sales skyrocket.
35. Become a House Sitter
Become a professional house sitter and watch homes for people that go on vacation or have a second home and don’t spend much time there.
HouseSitter.com and Care.com both offer house-sitting jobs.
36. Teach Driving Lessons to Students
Are you a great driver? Why not get licensed as a driving instructor?
You can advertise your services both online and offline or use a site like Indeed.com to search for part-time driving instructor jobs.
37. Become a Local Tour Guide
If you live in a vacation destination, consider becoming a local tour guide.
You could even offer your services for free and then ask for a tip at the end, drawing more people into touring with you.
38. Become a Virtual Assistant
Virtual assistants are in high demand, but it only makes sense from an income standpoint, if you have the spare time and are highly organized because the workload can rival full-time work.
It also doesn’t hurt to live in an area with a lower cost of living.
39. Do Interior Decorating
If you have an eye for design, consider doing interior decorating for clients.
Use a site like Houzz to advertise your skill and services to the masses.
40. Sell on CafePress
CafePress allows you to sell items that feature a digital design.
If you’re a great graphic designer, you could create a number of designs that would fit different formats such as shirts, hats, and cups, and earn a commission when they sell.
Passive Income Ideas 2022
So, whether you want to learn easy ways to make money online or are looking for the best side hustle ideas for 2022 that will help you earn extra cash quickly.
These 10 passive income ideas for 2022 will assist you in finding the best part-time times that fit your already-busy schedule.
Many side hustle ideas can be done from home or online, while others may require you to leave the house.
1. Start a Dropshipping Business
Dropshipping is one of the best side hustle job ideas. It allows you to sell a product directly to the customer without having to buy any inventory.
You don’t need to have a big startup costs budget, keeping your risk low.
The manufacturer not only carries the inventory but also ships it directly to the customer for you.
Your main focus should be marketing and customer service – the lifeline of the business.
2. Refurbish and Re-sell used Furniture
Buy cool pieces at a thrift store and make them look better than ever with a coat of paint or some new drawer pulls.
You can even get gently used pieces off the side of the road for a lower start-up cost.
3. Teach Music Lessons
If you know how to play the piano or strum a guitar, get involved with a local music group, or connect with other band parents at school so you can start hawking your services as a virtual music tutor.
4. Assemble IKEA and Amazon Furniture
This is one of the most amazing passive income ideas.
Some people hate putting this stuff together so much that they’ll pay you to do it!
5. Monetize your Instagram Account
Creating engaging content and using strategic hashtags can help you build a booming following on social media.
Once you have upwards of 10k followers, you can start making money by monetizing posts and taking on advertisers.
6. Become a Party Planner
Parents are wondering how to host birthday parties during the COVID pandemic, looking for virtual kid birthday party ideas, and more.
Think about becoming a virtual party planner to help Zoom celebrations go off without a hitch!
7. Create Worksheets or Templates
Whether it’s a geometry study guide or a financial planning worksheet, you can charge a small fee per download and operate this side hustle completely from home!
8. Write and Edit Resumes
If you’re in HR or a hiring manager in your day job, your resume writing and editing advice is something people will pay for! Post fliers around the local college’s campus to recruit new business.
READ ALSO:
- Top Paying Work
- Most High Demand Jobs
- Freelance Writing Jobs Upwork
- Librarian Salary, Jobs, and Careers
- Radiologist Salary, Jobs, and Career
9. Launch a Print on Demand Store
If you like to make custom graphics and artwork in your free time, running a print-on-demand store could be a great side hustle for you.
10. Polywork through Selling your Photography
If you have got a camera and some basic Photoshop skills, photography can become your side hustle.
If you like taking pictures of your city, you can sell your photography to your local publications such as a city newspaper or blog.
Sites like Foap allow you to sell your pictures on its platform, and you can earn money with every photo you sell.
FAQs about Passive Income Ideas
Check below for answers to questions users often ask about passive income ideas:
1. What are the 7 Sources of Income?
The seven sources of income are:
1. Earned Income
2. Profit Income
3. Interest Income
4. Dividend Income
5. Rental Income
6. Capital Gains Income
7. Royalty Income
2. What is the most Profitable Passive Income?
The most profitable passive among all the passive income ideas is affiliate marketing.
With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account.
3. How can I make $1000 a Month of Passive Income?
You can make $1000 a month of passive income by starting a YouTube channel.
Once you create a YouTube channel, you can allow YouTube to run ads on your videos.
4. How can I make money with a 10k?
Simple you can invest half of it into cryptocurrency or Forex trading.
There are brokers where you can invest and they manage your trade for a little fee. In a month you are going to be earning passively.
5. How can I make Money with 25K?
Invest it in a business venture of your choice. You didn’t see it coming, do invest in a business you are passionate about.
6. How much should you have in Savings?
Most financial experts end up suggesting you need a cash stash equal to six months of expenses.
If you need $5,000 to survive every month, save $30,000.
7. What can you do with 15000?
Get any type of debt such as credit card debt or student loans, try to put money in them immediately as they will help with your credit overall and it is very helpful in your future.
8. How do I Invest in Debt?
Buy bonds from companies or government entities.
Bonds are debt instruments that can be traded before their maturity to reap quick profits.
9. What should I do if I Saved 10000?
Using $10,000 in savings to invest or pay down debt is a financially savvy decision.
10. What can I Buy with Extra Money?
I didn’t even have to think about this. And Erasmus said it for me almost 500 years ago.
When I get a little money, I buy books; and if any is left, I buy food and clothes.
We believe the above piece of information was useful. Please, kindly share this content on the available social media platforms. We appreciate your readership.
CSN Team.
