16 Best Passive Income Ideas in this Pandemic 2021

 16 Best Passive Income Ideas in this Pandemic 2021


Passive Income Ideas 2021



Passive income is a source of money that requires little effort. Sounds like a dream, right? Well, there are many people who actually live off of passive income. If you too want to start a profitable business. That requires little startup costs, then here’s our list of passive income ideas. Almost passive. Because you still need to put in some work to reap the income, right?


Affiliate program


Affiliate marketing



As an affiliate, you share a link with your friends and followers and if they click that link and buy something, you will get a reward from the affiliate program. This works for a YouTube channel, blog, or any social media profile. If you have somewhat of a following on social media, this is a good way to monetize your audience. To know more about Affiliate Marketing



E-book


E-book


The best part about being an eBook author is that this is something you may only have to do once. If your book finds its readers, you’ll be enjoying the dividends for at least several years. If you don’t do well, you can still give it a second or even third try. The golden era of ebooks is almost over, but if you find the right niche and strike a chord with an audience, you can turn writing into a stream for passive income.



Education Online Course


Online Course


It’s basically the same as writing an eBook, but you spend time creating a video course on something you are an expert in and earn income from people who sign up. So, if you have valuable experience in a subject you want to share, give it a try. Video courses are now more popular than books as people search for more interactive media online.



Opening an Online Store


Online Store


You can do this without ever stocking inventory thanks to dropshipping. Dropshipping is an eCommerce business model where you can sell goods without ever having to buy and store inventory in advance. Instead, you simply make a website to show what products you have. When somebody places an order, you order this product from your supplier, and the supplier packs and ships directly to your customer on your behalf. Since you don’t have to buy products in advance, it’s relatively cheap to start dropshipping. And the risks here are lower than in traditional business. Moreover, with modern digital solutions, you can turn this business into a source of passive income after initial startup work. Dropshipping store owners claim to spend about 2 or 3 hours a day in their stores. Much better than a 9-to-5, don’t you think? To know more about Online store



Blogging


Blogging


There are lots of people who make money off shoutouts and advertisements they place on their blogs. Of course, not all bloggers aren’t that successful. To become popular, you have to create unique content that people actually seek out and connect with. If you manage to create valuable content, blogging can even become your main source of income. If you’re good with cameras and like taking photos, why not dive into the world of stock photography? Many businesses will gladly pay for unique pictures (and there’s a demand for just about anything), so this is a great way to profit off of your camera skills.



Real Estate


Real Estate


Passive income is easy if you already have assets. If you own real estate which you aren’t occupying or using, you can try renting it out. This is one of the most popular and stable sources of passive income. If you don’t have property



Renting Out Your Car


Car Rental


There are apps that allow you to register your car and make money by giving it to someone else.  You can do used car or Preowned car business



Buying and Resell Real Estate


Do you consider yourself “rich”? Most people don’t but in case you do, we’d recommend buying and reselling real estate as it tends to get more expensive over time. But be careful! It’s a risky investment. If the property market is too much for you, here’s a safer passive income idea.



Savings Account


Savings acoount


Create a savings account. Although the returns from such investments are low, there are almost no risks. If you live in a country where a savings account doesn’t work for generating income anymore, then the stock market is another option. 



Investing


Investing


You’re willing to take risks, consider investing in a growing business. If there’s an entrepreneur with a brilliant idea who needs money, that’s your chance to invest! before starting any business read this article



YouTube Channel


Youtube channel


Starting a YouTube channel is probably one of the most popular passive income ideas. We all watch videos on YouTube and envy those men and women who have something important… or something funny to share. A YouTube channel is actually a type of blogging if you think about it. In order to succeed, you need to create unique and valuable content. So, if you specialize in knowledge of something and know how to deliver your wisdom, well, try launching your own channel.



Podcast


Podcast


If making visual content isn’t your strong point, try launching a podcast. Educational or entertaining content, discussions, and debates - anything goes, because there is an audience for just about everything! 



Instagram


Instagram


If you have a lot of followers on Instagram, you can also make money by placing paid posts. Businesses often contact people with more than 10,000 followers and ask them to place ads -- these are sponsored posts.



App Development


App Development


If you’re good at coding, why not try programming? Mobile apps are super popular nowadays. For example, mobile games are always a growing market. If you manage to create something people like, it’ll start making money on its own. 



Develop Plugins


Another option in coding is to develop plugins and add-ons for business. In an age where everyone is online, IT solutions for businesses are constantly in high demand to engage and connect with consumers. This field requires specific skills, but if you’ve got ‘em, this can be a great gig for side income.



Composing and Licensing Music


Composing Music


If you’re a creative person with a musical background, try composing and licensing music. It’s not easy to make a fortune in this business, but it’s a great place to get your foot into for possible passive income. If you’re talented and persistent enough, you can gradually build a stable source of side income here. 



Above are the top 16 ideas about passive income in this pandemic situation.

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