This blog is an opener for you to make passive income other than your normal active income. Though out this blog I have only focused on gathering different passive income streams with practical usage. Mostly all the mentioned ways are zero investment based and require no single rupee. Again one interesting piece of news is most of the streams mentioned doest require any extensive expertise.
In this digital era where content consumption is increasing day by day, people have also preferred to buy online instead of wasting time going out. So, as a digital content creator, you can easily grasp the opportunity by showcasing your skills and attracting potential customers.
What is passive income?
Passive income refers to earnings that require minimal or no direct effort or active involvement to generate. In other words, passive income is money earned on a regular basis with little or no daily effort from the earner. It is often contrasted with active income, which is earned through active work or services provided.
23 best passive income ideas in India list
- Youtube videos
- Niche Websites or Blogs
- Self-Publishing
- Vending Machines
- Dropshipping
- License Intellectual Property
- Affiliate E-commerce Store
- Rent Your Vehicle
- Mobile Apps or Games
- Graphic Designing
- Real Estate broking
- Content creation
- Refer and earn
- Create an Online Course
- High-Interest Savings Accounts
- Stock markets
- Fixed Deposits
- Peer-to-peer lending
- Digital Gold Investment
- venture capital
1) Youtube videos
Youtube is a profitable source of income stream for an individual. Though youtube, one can make a substantial amount of money.
Youtube income sources
- Ad Revenue: Most people earn money on youtube through ads that play on their videos. The Ad revenue is generated when an ad is played on the video. The income generated through ads depends on the views you get and the niche of the videos.
- Requirements to enable ad revenue are
- 4000 watch hours
- 1000 subscribers
- Requirements to enable ad revenue are
- Channel Memberships: Channel memberships are the join button you see just below the subscribe option. If you get 30,000 subscribers, you can enable the join now option.
- Sponsored Content: Sponsered content is content where the channel owner charges a certain amount to promote a brand on his channel. In this way, you can earn a substantial amount of income
Youtube Niches
Youtube is like an ocean. You can through anything in that to get drowned. Likewise, you can make any video unless and until it satisfies the youtube algorithm. Some of the profitable niches are
- Finance
- Stock market
- Cooking
- Real Estate
- TeachingTechnology
- Cars and bikes
- Vlogs
Start your youtube journey now and make a lot of money.
2) Niche Websites or Blogs
Niche websites can generate a lot of money if you passionately deliver great content to your users. Same as Youtube youtube videos where you do videos, here you write about the content that people are searching for.
Website income sources
A lot of people make money by running a website with a different set of niches. Some might run on cooking recipes like https://www.vegrecipesofindia.com/, https://www.bbcgoodfood.com/ which gets millions of traffic. These websites are hosted in Google. Everyone can run a website
- Ad revenue- Unlike the Youtube ad program, the website doesn’t have any requirement criteria to be eligible for the ad program. After writing a couple of articles you can be eligible for the program once you apply it through the ad program.
- Affiliate marketing – Affiliate marketing is the best source of income. When a user purchases through your website with your unique link you will get a certain amount as a commission
- CPL Programs: CPL is also a type of program but here the user just needs to complete a task instead of buying.
She is a blogger. She made over $100000 dollars a month using a website. So, there is a lot of potential to make money in this stream.
3) Self-Publishing
This is a lucrative website for writers and authors. believe me, after the pandemic broke out people started reading books to enhance their skill set. Books that relate to technology and finance have sold out like hotcakes on Amazon.
Self-publishing income sources
- Selling on Amazon or any e-commerce website
- Print-on-Demand (POD) Paperbacks: Through services like Amazon’s KDP Print or IngramSpark, authors can offer paperback versions of their books without the need for upfront inventory costs. When a reader orders a paperback, it is printed and shipped, and the author earns royalties on each sale.
Sell your books on Amazon by opening its Amazon seller account now.
4) Vending Machines
Vending machines are a great source to make money. By setting up and maintaining vending machines in perfect locations, an investor can generate revenue without the need for regular supervision. Here’s how vending machines can create passive income
Vending machine income
- Fees: You can get a standard fee from the product distributors by selling their products.
- Commission: If you do not want to take a fee then you can charge a fixed commission for a product that gets sold from your machine.
Vending machine maintenance
Though earning through vending machines is very lucrative, maintaining it and occasional supervision is required. Also expanding vending machines can also be a difficult task as the machines are costlier and cannot be suitable in every location.
5) Dropshipping
Dropshipping offers a potential avenue for entrepreneurs to generate passive income. In this business model, sellers don’t hold physical inventory; instead, they partner with suppliers who directly ship products to customers. As a result, drop shippers can operate their businesses with minimal involvement in order fulfillment and inventory management. Once the initial setup is complete and the online store is running smoothly, the business can essentially run on autopilot, allowing entrepreneurs to focus on other pursuits or enjoy more free time.
Dropshipping income sources
- Ideally, you can make a ton of money using dropshipping. You will become rich within less time if your products get sold.
- You can change a fixed commission from the seller.
Use an Amazon Seller account for drop shipping or else make your own website using Hostinger or Shopify.
6) License Intellectual Property
Licensing intellectual property (IP) is a powerful way to generate passive income for creators and inventors. By granting others the rights to use their copyrighted works, patented inventions, trademarks, or trade secrets, IP owners can receive ongoing royalties or licensing fees. Once the licensing agreements are established, the IP owner can enjoy a continuous stream of income without the need for active involvement in day-to-day operations.
7) Affiliate E-commerce Store
When a visitor makes a purchase through the affiliate e-commerce store, the store owner earns a commission from the sale, typically a percentage of the total transaction value. Unlike traditional e-commerce stores that handle inventory and product fulfillment, the affiliate e-commerce store redirects customers to the respective merchants’ websites for the actual purchase.
8) Rent Your Vehicle
Renting out your vehicle can be a smart and rewarding way to generate passive income. By making your car, bike, or other vehicle available for rent, you can earn money without actively using the vehicle yourself. Peer-to-peer car rental platforms like Turo and Getaround, as well as bike and scooter-sharing services, offer convenient ways to list your vehicle for rent and connect with potential renters
9) Mobile Apps or Games
Creating mobile apps or games can be an excellent source of passive income for developers and entrepreneurs. Once developed and published in app stores, these digital products can generate revenue continuously without the need for ongoing direct involvement. Revenue can be generated through various channels, such as in-app purchases, advertisements, subscriptions, or one-time purchases.
10) Graphic Designing
Graphic designing can be a lucrative source of passive income for creative individuals. By creating digital assets like logos, templates, illustrations, and stock images, graphic designers can sell their work on various online platforms. Once uploaded and approved, these assets can be purchased and downloaded by customers, generating passive income for the designer.
11) Real Estate broking
Real estate broking can provide a steady source of passive income for individuals with a knack for sales and a deep understanding of the property market. As a real estate broker, one acts as a middleman, connecting buyers with sellers or landlords with tenants. While the profession requires active work to close deals and provide excellent service to clients, it can also generate passive income through repeat business and referrals.
12) Content creation
Content creation can be a fruitful avenue for generating passive income, particularly in the digital age. By creating valuable and engaging content, such as articles, videos, podcasts, or online courses, content creators can attract a loyal audience and monetize their work through various channels. For instance, YouTube creators can earn passive income through ad revenue and channel memberships, while bloggers can generate income through affiliate marketing and display ads.
13) Refer and earn
Refer and earn programs can be an effective way to generate passive income by leveraging your network and connections. In a refer-and-earn program, you refer a product, service, or platform to others, and when they sign up or make a purchase through your referral link or code, you earn a commission or reward.
14) Create an Online Course
Creating and selling online courses can be an excellent way to generate passive income while sharing your knowledge and expertise with a global audience. Once the course is created and published, it can be accessed by students at any time, allowing you to earn income continuously without the need for ongoing involvement.
15) High-Interest Savings Accounts
A high-interest savings account can be a safe and convenient way to generate passive income from your savings. Unlike traditional savings accounts that offer minimal interest, high-interest savings accounts provide a more competitive rate of return on your deposited funds.
16) Stock markets
Investing in the stock market can be a powerful way to generate passive income and build wealth over time. By purchasing shares of publicly traded companies, investors become partial owners and can benefit from both stock price appreciation and dividend payments.
Read our article to get started investing in the stock markets.
17) Fixed Deposits
Fixed deposits, also known as term deposits, are a popular and low-risk investment option offered by banks and financial institutions. In a fixed deposit, investors deposit a specific sum of money with the bank for a predetermined period, which can range from a few months to several years.
18) Peer-to-peer lending
Peer-to-peer lending (P2P lending) is another type of investment platform that offers the opportunity to earn passive income by giving your money directly to individuals or businesses through online lending platforms. This is a wonderful opportunity to make money
19) Digital Gold Investment
The gold price is skyrocketing every year to a record high price. The increase in interest rates has made gold an investment destination. But buying gold bullion is not a good idea as it requires a lot of security presence and maintenance. So, instead of buying physical gold, investing in digital gold can make sense as it is very similar to physical gold.
20) venture capital
Venture capital (VC) investing is a great risk but a high-reward investment strategy that has the great potential to generate lucrative passive income for investors. Venture capitalists will give funding to early-stage startups and high-growth companies in exchange for equity ownership. Depending upon the investment you get the shares.
Venture Capital income sources
- Venture capital is not an easy way of making money. It has numerous risks involved when you are unable to pitch an idea. how ever if the really you have invested performs well, then you will make a lot of money in its IPO or selling equity.
Is it good to earn money with passive Income?
Is really a great idea to make money via passive income. Literally top HNIs and businessmen will also earn money from passive income streams. There is no limit on your earnings compared to the fixed salary of your job.
Conclusion
Well after a very long read, we have wrapped up the article. We hope that this article has helped you in many ways to understand what is a passive income method and how can you earn a regular income.
We assume that these 20 best passive income ideas in India article have influenced you to start generating your passive income journey.
