Top 10 passive Income Ideas

what is Passive Income?

A Passive Income is a one in which "you actually work for only one time but in return, you are earning income for a lifetime". At the time of starting you should invest more depending on the job and you will be getting income for the whole life.

Here I am providing the top passive income ideas in which each and everyone can start tomorrow onward.

1. Publish an e-book :

If you have any hidden talents on you then you can publish a book on the sites like Kindle and you can earn from that book.\You will be paid some percentage of them as a royalty. The percentage of commission rates differs from website to website. If you don't have any idea on e-book writing you can approach freelancers for a paid task. With the investment of less than $500, you can earn money till your life.

2. Publish a Physical book :

Similar to e-book publishing you can earn from a physical book. Compared to e-book this gives you more income and it was pretty easy to publish. You can approach publishers for publishing your book on the market. You can share profit with publishers according to a number of sales. Many who became a millionaire from this started this as a hobby only.

3. Publish an App :
You can also earn by publishing mobile apps in play store, app store. Firstly you should think a unique concept for an app. It should be useful to many and it should attract more visitors. If you don't have any idea try to use concepts like cricket, flash gaming, Bike racing and so on similar to this. Many kids and teenagers play games using mobile at regular intervals. You can also go paid promotion for this. You can able to buy simple apps for $100 from top freelancing sites. For promotion, it's enough to spend $250 and to upload to play store or app store you need to pay $30 for a registration fee. You can monetize with Admob and you can earn more.

4. Develop a Website :
This was an easy process when compared to all other methods. You can start everything from free sources. Once you get approval from google you can go for paid promotion. Depending on the visitors the promotion scheme differs. My kind suggestion is don't allow third-party advertisers at the start. You will get only less amount from that when compared to income from Google Adsense. This job requires more patience and hard work. If you expect immediate result then this won't suit you. It takes at least 6 months to see the output and a domain should be 6 months older to eligible for Adsense approval. You can earn money online by this method without any tension. But it should be treated as a side income at the starting time. If you think you can manage this as a primary income then you can adopt this. Overall the most important thing is the blogs and contents should be plagiarism free and it should be unique.

5. Invest in A vending machine :
Investing in a vending machine is a right choice nowadays. Vending machine includes machines like weighing machine, virtual gaming, Children cars and toys and so on similar to this. The main thing in this business is where you are placing those machine. You need place those products where people traffic is more. In malls, many will show interest in this so it would be the better choice.

6. Tutor online courses :
If you are good at anything like programming, digital marketing, Do it yourself crafts and so on similar to this you can make a quality tutorial and sell it in online. There were many sites like Udemy accepting tutors to upload and they will share the profit with you. It needs more time and experts advise and skills to upload a high-quality video. Each and everyone can able to do this task. Better make a team of experts and start this idea.

7. Start a Gym :
Starting a Gym needs some investment and some time. Once you start you can earn for lifetime. Many were interested in bodybuilding and some people come gym to keep themselves fit and healthy. In these days definitely, you can able to earn bulk amount each and every month or every year according to the scheme that you were offering. A good idea to implement.

8. Build Private Parking Lot :
In big cities, there was no enough sufficient place to park their vehicles in public places. You can lease a land and run parking for vehicles. You can charge per hour or a number of minutes they park. Simple business but the main thing is you should place nearer to airports, railway station or main area which attracts more people.

9. Do Affiliate Marketing :
You can do Affiliate Marketing to promote other products and you can earn some percentage as a commission in return. You can use YouTube to do this but it takes some time to reach. In many cases, it was difficult to get income within One month. A lot of effort is needed for this task. First, you should learn about affiliate marketing and then find unique ideas and then implement those. Experts advise should be followed before starting.

10. Invest in  Party halls :
In this busy world with tight work schedule, many prefer to enjoy their weekends in party or pubs. So opening a disco will generate more income. But many limitations should be followed.


NOTE:-
The listed ideas were only some guidance. In practical one's income may differ from another.