12 Passive Income Ideas To Earn More In 2024

We spend a third of our lives working 40 hours a week, clocking in and out to a soul-sucking 9 to 5…

We spend another third of our lives asleep. Dreaming of the lives we could’ve had if we only had the guts to take a leap.

Then, the last 3rd of our lives?

We spend time doom-scrolling on social media and consuming mind-numbing content from internet gurus like Alex Hormozi and Russell Brunson.

Before you know it, the Grim Reaper taps us on our shoulder… And with our last thoughts, we lie on our deathbeds wondering about what could’ve been…

It might sound dramatic, but it’s true.

After you remove all the time spent

• ..at work
• .. stuck in traffic
• .. on the toilet
• .. gossiping about the person who cut you off at the gas station

How much time do we actually have to live?

Moral of the story: The only way out is to build passive income.

We all heard the age-old saying that millionaires have 7+ passive income streams…

There’s some truth to that.. Which is why I’m gonna share with you 12 passive income ideas for you to nibble on and try for yourself. And by the end, I’ll share my own two cents on how to pick the best ideas to pursue.

Most people leave these types of content more confused than coming in.

My goal is to give you at least ONE actionable passive income method you can start immediately.

Alrighty, let’s dig in!

12. Buy Real Estate

Everybody needs a roof over their head… Which makes real estate one of the best methods for generating passive income.

When you own rental properties, you get cash flow every month from tenants…

It’s a pretty sweet gig.

There’s many ways to skin a cat. And in real estate, you’ve got a few options to pick from like:

1. Own rental properties: You’d buy residential or commercial property and list it on sites like Zillow. Then, you’ll lease it out to tenants for rental income. This is probably the most reliable way to go about it.
2. Invest in real estate investment trusts (REITs): Real estate investment trusts are publicly traded companies that manage properties like office buildings, malls, hotels, and apartments. You invest in those companies, and shareholders get dividends paid out passively.
3. Get into real estate crowdfunding: Investors pool their money to fund a real estate project. Unlike publicly traded REITs, these are private deals that may offer higher returns. The idea is that you can get started at a lower cost. And you don’t have to deal with the hassles of being a landlord, like handling troublesome tenants or frozen pipes.
4. Start wholesaling: Wholesaling is where you help desperate property owners sell quickly at a heavy discount. You act as the middleman by connecting the buyer and seller together. There’s plenty of guys like King Khang and Alex Martinez who teach this stuff.. Personally, it’s not my cup of tea because you take advantage of distressed owners who are in bad financial situations…
5. Sell short-term rentals like Airbnb: You’ll list your spare bedroom or extra apartment on sites like Airbnb. Sure, you could listen to gurus like Brian Page.. But there’s a lot of legal restrictions that make this path harder than it looks.

There’s a lot to unpack here.

Real estate is a great way to earn passive income. The problem here is that you need a HUGE upfront investment, so if you’re a beginner without a lot of money lying around, I’d say hold off for now…

While there’s cheaper ways to get started, you wouldn’t make meaningful income because you’re just an investor rather than the outright owner of those properties…

The good news is there is a better way…

Rather than physical real estate, you could own digital real estate.. You would have the same benefits, where you collect passive income checks month after month…

But unlike rental properties, you don’t have to deal with leaky faucets and noise complaints…You could manage these “digital properties” from your laptop while traveling around the world living your best life…

11. Promote Other People’s Products With Affiliate Marketing

Guys like Keala Kenae and Zach Crawford have pushed affiliate marketing down people’s throat…

It’s been around since the beginning of the dotcom boom.

The idea is that you sell other people’s stuff. If you love recommending products to your friends, why not get paid for it?

The best part?

You can generate passive income without dealing with:

• Handling inventory and products
• Order fulfilment
• Customer service

You act as an the brand ambassador for a company. Your job is to put their product in front of people that already wants to buy from it…

.. and the rest is money in the bank.

The only problem is getting traffic is no cakewalk.

As an affiliate marketer, you’re responsible for driving all the traffic to the companies sales page.

There’s two ways to go about it.

1. Organic traffic – You’d spend months creating content for a blog, YouTube channel or posting viral social media posts
2. Paid traffic – You can speed up the process by putting up ads on Google, Facebook, YouTube and drive traffic to your website.

To make things crystal clear..

Say you’re promoting a weight loss supplement from Clickbank, like this.

According to Clickbank, the conversion rate for this product is 1.04% and the average order value is $140.73.

So, if you can get 1,000 people to click on that link, that’ll net you 10 sales. (1000 visitors x 1.04% conversion rate = 10 sales)

Clickbank says you get a whopping 85% commission, which comes out to $119 earned per sale.. With 1,000 visitors, you’re looking at $1,190 generated…($119 x 10)

Not bad…

But you have to factor in all the time and resources it cost to drive those 1,000 clicks…

It either took you hundreds of dollars (if not more) in ad spend or a lot of time writing blog posts…

Affiliate marketing isn’t a terrible passive income strategy, it just takes a lot of UPFRONT work to build an audience and email list…

Personally, I can think of a better passive income source to dip my toes into..

10. Own Dividend Stocks

Companies want to reward investors for putting their faith in them.. which is why they compensate shareholders by distributing part of their profits..

This is known as dividend stocks.

Not all companies pay out dividends.

Dividend stocks are usually stable and less volatile than speculative options like Gamestop…

That means their profits and quarterly earnings are usually steady, allowing them to give a cut to their investors.

Many big companies pay dividends like Coca-Cola, Microsoft, Walmart, and Verizon.

For instance, let’s take Apple.

For every Apple stock you own, they pay $0.24..

Yes you read that correct 24 cents…which translates to a 0.64% dividend yield…

Currently, Apple trades at $182 per share.

If you had $10,000 in Apple stock (at $182 per share), with a dividend payout of $0.24, you’d make $13.20 in dividend income per quarter….

The good news is dividend stocks is reliable and safe. The bad news is you’d never be able to quit your job off dividend stocks unless you’ve got millions of dollars in your portfolio..

Honestly, I’d look into greener pastures elsewhere unless you’re retired and extremely risk averse…

9. Have a High Yield Savings Account

High-yield savings accounts are your grandpa’s way of earning passive income.

I know my parents and grandparents all told me to keep a savings account and guard my money tight.

At the time of writing this, the average interest rate on savings accounts is 4.6%.

If you had $100,000 in the bank, you’d make $4,600 extra just by keeping your money in the vault…

Not too shabby, considering you didn’t have to work for it.

While I’m all for saving, you could be losing money when you put your cash into a savings account..

Why?

Inflation.

Inflation rates were as high as 7% to 9% in 2022…

Basically, that means that the cost of general goods and services were rising faster than what you’d make from your savings account.

Since inflation outpaces the interest earned in your savings account, your purchasing power goes down.

If you want to generate income that’ll allow you to fire your boss, this ain’t it…But still, it’s better than having your money sit in a piggy bank stashed under your bed.

8. Invest In The Stock Market

Everyone and their grandmothers talk about the stock market. I know back when I was working in the corporate world, I had co-workers always whispering about the latest stocks they were betting on..

The operative word is “bet” because you’re literally placing bets on which companies you believe will grow over time.

Because that’s exactly what stocks are.

It’s when you buy fractional ownership of a company. When the value of the stock goes up, so does your portfolio.

And when you decide to cash out, you can sell your shares for a profit.

It’s passive in that you can place money into stocks, mutual funds, and other investment vehicles.

If you put your money into random stocks, chances are you’ll see some success. Even if you were to blindly put money into the S&P500 index, you’d probably get a 10% return rate on average.

But if you want to make money faster, you’re gonna need to take a more aggressive approach, like day trading.

As the saying goes, scared money don’t make money.

That is, until your portfolio loses it’s value by 50% overnight like what happened in 2020…

But I digress.

The stock market is very much like playing poker. You can play it safe all game long or you can decide to bet big…

If you play it safe, all you need to do is diversify your portfolio and not put all your eggs in one basket.

If you’re hoping to generate predictable passive income, then I’d look for something more secure, kinda like the lead generation business model.

7. Try Peer To Peer Lending

Traditionally, if you needed a loan, you’d have to talk to your bank. But what if you have a bad credit score?

Or maybe you didn’t wanna pay the outrageous interest rates that banks or even payday loans offer..

That’s where peer-to-peer (P2P) lending comes in.

It’s a new approach that connects borrowers to individual investors who help finance loans.

You’ll join P2P platforms like LendingClub or Upstart. When approved, you can start loaning your money out to people and collecting interest..

Apparently, you can earn between 7% to 36% on your money, which is much better than a savings account..

If you got a wad of cash lying around, you might as well put it to use and make it work for you..

Then again, P2P investments aren’t FDIC insured, meaning if the borrower defaults on their loan, you may not paid back..

6. Create A Digital Product

The school system is crumbling before our very eyes. With the cost of tuition rising and more adults coming out with a mountain of student debt, it’s easy to understand why the online education space is booming.

Most kids fresh outta college suffer a rude awakening when they realize their degree isn’t gonna really net you much more than a lot of minimum wage jobs…

Even if they do land a comfy 6-figure job working for a startup that offers nice perks like comfy nap pods and game rooms, you’re still faced with a harsh reality…

The chances of increasing your salary by a substantial amount is minuscule. Most employers give their workers an average increase of 3%, which isn’t really enough to keep up with inflation…

The point is, the education space is a hot pot right now, with tons of people looking to level up their skills.

If you have special skills to share with the world, digital products allows you to monetize that knowledge..

There’s a lot of benefits to selling your own digital products like:

• Low overhead costs
• No storage or inventory needed
• High profit margins
• Passive income
• Ability to help others

But what exactly are digital products?

Well they are assets that consumers can’t touch physically, like online courses, templates, PDFs, cheat sheets, masterclasses, etc.

The key is to let your creativity run wild… There’s probably a skill you can monetize.

If you’re good at organizing things, maybe create a budget spreadsheet or notion template for people to follow.

If you’re a great at fitness, why not create workout programs or weight loss recipes?

That said, digital products are becoming a commodity. And sales are far from recurring, which is why so many course creators go through a cycle of feast or famine.

5. Start A YouTube Channel

YouTube has been a fun website to waste time on for quite some time now, and if you put your mind to it, you might be able to learn a thing or two from it.

While some people like Jake Paul and Jenna Marbles have done alright for themselves on the platform, not everyone is so fortunate. Many who blew up jumped onboard early and were rewarded for doing silly antics on camera…

If you’re willing to grind away for years, you could also start a YouTube channel.

As a YouTube creator, you’d get paid for people who watch the pre-roll ads on your video. The amount you make all depends on factors like your content and industry.

The idea is that your videos will rank for search terms, and you can still get paid ad revenue for months or years to come…

You could also start a channel membership, where people pay a monthly fee to get access to exclusive content…

And lastly, there’s a new craze all the gurus are talking about – faceless automation channels. Essentially, you can hire VAs from the Philippines to make faceless content on YouTube…

While YouTube sounds great…it’s never really truly passive.

You’re gonna be always stuck in the content mill, posting for months and years…

And to make matters worse, most people take years, before seeing tangible results, which can be disheartening. It takes most creators 15.5 months of consistent uploads to even reach 1k subs…

That is exactly why so many YouTubers give up.

We all know the story.

You get motivated to start a blog or YouTube channel, when someone tells you how much money you can make.

Get paid to talk about what you love.

Sign me up right?

Well, then you experience what Seth Goldin, calls the “dip.”

It’s where you realize the journey is much harder than you imagined and you quit…

In this case, you realize how hard it is to actually make content. It requires tons of research, scripting, and editing…

When you finally hit the big red publish button, you hear crickets..

Days go by, and the only views you get are from your Facebook friends…

And it’s only a matter of time before you give up and let go of your dream of becoming a famous YouTuber like Logan Paul or Liza Koshy.

4. Publish E-Books

Amazon doesn’t just sell products. Most people are unaware that there are multiple ways to make money on Jeff Bezo’s platform, like selling handmade goods or becoming an Amazon influencer.

That said, Amazon has another branch, called Kindle Direct Publishing (KDP).

Think of it like the online version of Barnes and Nobles.

It’s where you can self-publish books, turning everyday ordinary people into best-selling authors.

The idea is that you don’t have to pitch your book idea and get rejected by dozens of times by book publishing companies. And you don’t need to split the profits with them either…

You can leverage Amazon’s massive audience and earn up to 70% in royalties…

The only problem?

Welll…

There’s over 1.4 million self-published books on the KDP platform. It’s really difficult to stand out unless you gain a massive reputation for writing excellent books.

When you break it down, there’s also a lot of costs involved like hiring ghost writers, and designers to write it for you..

Call me old fashioned but I still think the best way to sell books is by going on press tours on your big morning TV shows and podcasts….

I know all the books I read are based on personal recommendations that others have already vouched for…

3. Sell Custom Products With Print On Demand

Another craze in the online business world is print-on-demand…

If you’ve ever shopped for a personal gift on Etsy or just want to satisfy your very big obsession with something, then you know exactly what I’m talking about…

For instance, I’m obsessed with all things dogs, especially certain breeds like doodles, pit bulls, shiba inus, and retrievers. So if I see a dog sock, a funny dog mug or something of that ilk, I get the itch to make an impulse buy.

Print on demand (POD) is where you sell custom products. It’s a great business model for artists, creatives, and designers to express their creativity. If this sounds like you, physical products might be the perfect canvas to monetize your creativity…

It’s where you print custom designs on regular everyday products like:

• t-shirts
• mugs
• backbacks
• socks
• hats
• home decor
• And so on…

All you do is upload your design to a print-on-demand dropshipping supplier like Printful or Printify.

Then, just like the dropshipping model, you don’t hold inventory or deal with order fulfillment – your supplier does that for you.

While I do like that you’re not selling random gizmos and gadgets from China, selling cat mugs and meme t-shirts probably isn’t your calling…

And even if you do get the ball rolling on this business, when competing with other sellers on platforms like Etsy, you’re always gonna be stuck with low margins.

2. Build An Amazon FBA Business

If you dabbled in making money online, there’s no doubt that you’ve probably heard about Amazon FBA.

Amazon holds all the marbles when it comes to ecommerce, with a market share of 37.8% of the industry in the US…

By selling on Amazon, you get to tap into their massive audience by simply listing your product.

The idea is you enroll in their Fulfillment by Amazon (FBA) program. Once accepted, you would simply ship all your products to their warehouses.

Being the giant machine they are, they’ll hold, ship, pack, and deliver all orders for you. All you have to do is pay their storage, referral, and fulfillment fees.

By leveraging FBA, your customers who are already enrolled in Amazon Prime get free one to two-day shipping. If you were to ship directly via the dropshipping model or even use other suppliers that use UPS, it’ll typically take way longer than two business days… But because Amazon has warehouses everywhere and its own logistics network, they can ensure fast delivery…

In most cases, you’ll be sourcing products from China. Sites like Alibaba allow you to buy products in bulk at a wholesale price.

But, because you have to buy inventory upfront, you’ll have to invest $5k to $15k in inventory upfront without knowing if the product actually sells…

If you can get everything to work, the model is relatively hands-off unless you decide to private label and do marketing outside of Amazon..

That said, while Amazon FBA is touted as an amazing passive income stream, I found it baffling when I saw a survey that said that most Amazon millionaires spend over 30 hours each week working on their businesses…

While you can run an FBA business passively, it’s such a competitive space that sellers are always looking over their shoulders…

1. Get Started With The Digital Rental Method

Although every passive income strategy has its place, there’s nothing I could find out there that truly lives up to the Digital Rental Method…

Every other business model has major flaws in it..

• Amazon FBA and real estate require huge upfront investments to get started..
• Print-on-demand has low margins and is entirely too competitive..
• Stashing away in money market funds or a high-yield savings account makes you very little returns..
• Investing in the stock market means you leave your fate in the hands of big Fortune 500 corporations that don’t have a vested interest in your financial goals..

But what if there was a passive income strategy that had it all?

One that didn’t require you to:

• Have huge sums of money lying around
• Compete with other sellers on a crowded marketplace like Amazon
• Deal with tenants and leaky faucets
• Post content
• Show your face
• Give up all control to other people

Insert Digital Rental Method.

This passive income business model has turned thousands of ordinary people into multi-six-figure earners…

It piggybacks off the lead generation business model where you help business owners get more customers…

…But all that is required is setting up simple “one-page landers” that are able to rake in a consistent $2,000, $5,000, and even $10,000 every single month, all while working just an hour or two a day from home…Some have even made over $50k a month..

You don’t need to have fancy tech skills or the venture backing of investors from Silicon Valley.

You don’t even need prior entrepreneurial experience either..

Normal everyday stay-at-home mothers and fathers are doing this… People from all walks of life, like a retired baseball player, former insurance salespeople, out-of-college graduates, and more…

And this isn’t some cute new flavor of the month, here today and gone tomorrow nonsense..

The business model has been around for decades, lurking in the shadows… And it solves one of the biggest problems in the world..

And as long as you have a laptop and an internet connection, you can do this too..

If you wanna learn how, it’s all explained in this new free training.

Criteria: How To Choose The Best Passive Income Investments To Make?

When you choose the wrong passive income stream, you’re only kicking the can down the road… You’ll try whatever idea you find on YouTube or Google.. It’ll fail only for you to come back to blogs like this looking for more…

Why not get it right the first time?

That’s why I put together a simple criteria you can follow to pick the best passive income strategy:

Ways To Make Passive Income – Which Is The Best?

When the rubber meets the road, there’s not too many passive income ideas that actually live up to the hype..

The truth is, you’re not gonna be able to do all of these passive income ideas at once.

You’re gonna need to make a choice.

I recommend you put all your eggs in one basket and give one method your full attention so that you can get the ball rolling…

Once it’s netting a good amount passively, then you can move on to another stream of income.

So, which passive income strategy should you pursue?

My #1 recommendation is the Digital Rental Method.

After trying all types of business models, I finally stumbled across a unique and in-demand type of lead generation business… The guys who teach this stuff call it the “one-page landers.”

This simple process has taken me from $0 to $20k months in less than a year…

I’m not the only one, either..

I’ve seen hundreds of people walk through Digital Rental Method.. And they too were able to quit their 9-5’s, take their families on dream vacations, and even save their loved ones from health scares…

It’s truly life-changing.

If you want to escape your cubicle and make an extra $2k or even $5k per month this year, you may want to check out this free video training to see what it’s all about..

My #1 Alternative For Making Money Online In 2024

Alright, time for me to get real with my lovely readers for a moment:

I’ve personally tried all of the major online business models:

• I’ve sold fidget spinners through Amazon FBA
• I’ve drop-shipped a toilet-bowl putting green on Shopify
• I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

THAT BEING SAID: I would at least recommend you implement something that is tried and true because I’ve seen TOO MANY people (including friends and family) get burned by these passive income ideas, thinking they’ll magically have money flying into their bank accounts..

Then, gurus come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people. 

I’m not saying that most passive income ideas are a piece of trash, I’m just saying you need to be very, very careful.

This is a big reason why I only recommend proven, tried, and true business models, like Lead Generation & Ad Agencies.

There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Rental Method program.

Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.

I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.

Whether you’re a complete newbie or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.

Here’s Why:

1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money. 

When you’ve built a digital rental empire, your profit margin is nearly 100%. Watch here to learn how.

Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.

Best case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”

3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income with most passive income ideas, you’ve got to do things like

• buy more property
• throw more money at the stock market
• produce more content
• or put in a TON more work

And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4)You’re Helping REAL People: My biggest gripe with most passive income strategies is that you’re basically only helping yourself. 

But when you follow the Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy – and they’re going to pay you for it.

You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other off-the-wall passive income business models and maybe hit it big one day.

You could keep researching and researching for the next few months (or a few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people who need it.

If this sounds like you, click here to see how it all works.