Creating products for passive income growth is a great way to get over the idea of working business hours for dollars. One of the oldest passive income ideas is real estate rental income, but today you can earn passive income online from home.
Here are some ideas that work well.
Create apps
Even if you know nothing about code, you can find freelancers willing to build your product to your specifications. Propose an idea to your audience, then execute it with a coding expert. You can find them on freelance websites like Upwork.com.
write ebooks
Today, publishing your own ebook is a great way to make passive income. You can write it yourself or you can hire a ghost writer to do it for you. You can publish ebooks on Kindle for free. Or you can, for a fee, use CreateSpace through Amazon to publish a print book if you’d like.
Run a YouTube channel
Did you notice that some people make thousands of dollars a month from popular YouTube channels? If you want to get in, you don’t need to be fancy. You simply need to find a topic that is popular and present it in a way that people like to look at. You take a part of the ad revenue.
Create a paid directory
There is software available that allows you to create a directory website that runs virtually automatically. People put their information in the directory for a fee, then you just approve them or not. Approvals can even be automated.
Develop electronic courses
With websites like Udemy.com popping up everywhere, you can now create your own e-course and get paid for each person who signs up to take your pre-created class. This is passive income at its best. Other than updating outdated courses, just publish and collect.
Create an information product
An information product is one of the oldest forms of passive income on the web. Simply create a product that teaches someone how to do something they love, or provides a collection of information for them that they want, and you’re in business.
Make a membership website
People love to be exclusive and feel part of an inner circle. You can charge a monthly fee to allow people to be part of your inner circle if you have enough information to share with them. Add a forum and a lot of people will stick around just because of it.
Run a website/blog
The blogs and websites that are active have content that is uploaded daily. The content is free to read and is supported by advertisers through ads and affiliate products. But you can also create a pay-per-view website and blog. Up to you.