easiest online passive income ideas

Passive sources are those income ideas that earn for you when you are not at work. You have done a work one time but this work earns a long time for you. Mentors and successful people always emphasize increasing income sources more than one. I also taught easiest online passive income ideas.

Because they know that no one can be rich permanently without more income sources. Nowadays due to technology, businesses are going to be extinct. Many large companies like Nokia, Codec, etc. have not existed in the market, because these companies are situated on one income source.

But many companies which are older than these companies are still selling and working because they changed their services and products according to the technologies and also adopted more income sources formulas.

These are the stories of companies but if you are an individual related to any profession then you can be bankrupt or fail if you can’t listen to the mentor or successful personalities. If you will not start more than one income stream.

If you are a teacher, engineer, doctor even male or female it’s don’t matter, you have to start any one or more passive income sources from the following given list. I researched a lot and selected the 10 easiest online passive income ideas for 2023.

I mentioned 2023 because after some period the idea could be changed due to new technologies but for 2023 these easiest online passive income ideas are the best and these will earn you a long time.

There are other many passive income ideas also available but I mentioned these 10 passive income ideas because these will also increase your existing business, job, knowledge, and confidence along with new income, and also upgrade your lifestyle.

These are the easiest online passive income ideas for 2023:

YouTube & Blogging
E-commerce
Digital Products
Sell designs online
Affiliate marketing
Consultancy
Create a print-on-demand store
Invest in a business
Record audiobooks
Invest in stocks and shares

Now learn one by one all 10 easiest online passive income ideas and select one or more from them to increase your income and become rich. These are very easy to start and enjoyable to work with with your existing job and business. If you will not earn any piece of money from these easiest passive income ideas then you will earn a lot of knowledge and experience.

1. YOUTUBE & BLOGGING

If you are a doctor, engineer, economist, accountant, lawyer, etc. then these two passive income ideas are the best for you. These passive income ideas also increase your knowledge, experience, and confidence.

For example, if you are a civil engineer and are working in a building and construction company. You are also earning a good salary from your job and you are happy. But if you start blogging along with this existing job you will feel confident.

You will learn some extra knowledge and technologies about civil engineering like writing, communication, videography, digital marketing, SEO, and this new software and technologies will help you in your existing job to be promoted next a higher level. Because for promotion to higher post communication, writing, and critical thinking are compulsory. But if you are already on a high post then it will also increase your confidence and PR.

Learn from the internet how to start these two passive income sources full-time or part-time. You have to research one piece of content and publish this content in both written and video types on many platforms. You have not done any new work for these two passive income sources.

Some personal assistants can also work for you for very low wages. Which are already experts in videos and writing a blog. You have only to provide them with your content in written and video formats.

You will learn daily new topics about your profession and will remember them for a long time because you recorded and wrote them many times for videos and witting blogs. It is very beneficial for all professionals and only for this one reason; I emphasize everyone to be a content creator in both formats.

2. E-COMMERCE

Learning and starting e-commerce is very beneficial for every business-minded people belonging to any profession. People can earn more than their existing income through an E-commerce business. But if you have no investment to start an e-commerce business and are only interested in e-commerce then you can provide services to other persons which have investments and also intend to open an e-commerce business.

Every e-commerce owner needs many individuals for their businesses because one person can’t handle all tasks of this business. So if you have no investment and you became an expert in the field of e-commerce then you will get a part-time or full-time job easily. You can also work on projects, and tasks, as well as on an hourly basis with any e-commerce owner.

3. DIGITAL PRODUCTS

If anyone of you keeps interested in software or digital products then create some digital products part-time or full-time to earn passively. For example, if you create a gaming app part-time which is not rocket science for interested people. You will earn multiple times from this app through advertisements and affiliate marketing.

You have to expend a little time daily updating and resolving the issue of the app. But the app will earn for you 24/7 when you are sleeping or busy with your other professions.

You will create more than one app relating to your interest in earning more. For creating an app you need a few amounts as investments. If you are not a software developer and have an interest and also belong to any other profession then also can learn it easily. There are so many free courses available for learning app development.

You will also increase in confidence which will also help in your existing fields. Because during creation app and learning app development, you will learn and experience critical thinking and problem finding and resolving, and many other soft skills.

4. SELL DESIGNS ONLINE

Individuals with relating interest in graphic designing can start selling design online as passive income streams along with their existing job or business. There are so many platforms already available where you can sell your created design online. The one design will be sold multiple times. You can sell the design of every item in which you are an expert and interested.

If you are interested in designing shirts then you find many platforms where you can sell your shirt designs online and if you are interested in designing other items like floors, tiles, shoe walls, racks, furniture, etc. then you can find platforms for selling these items.

In creating and selling designs you will also learn many new skills and software which will help in your existing job or business. If interest in selling and creating design let’s learn and start without any delay.

5. AFFILIATE MARKETING

Like other passive income streams affiliate marketing is also very beneficial for all those who are interested in digital marketing and social media. If you are a famous personality then it is easier for you. You already have many subscribers, fans, and followers.

You have to create some affiliate links and post them with a little praise on social media platforms. When some of your followers will purchase through your affiliated links you will receive a defined amount as commissions.

If you are a blogger or YouTuber, it is also very beneficial for you to earn extra income passively. You will learn many new hard and soft skills and also enhance your knowledge of existing skills during learning and earning affiliate marketing.

6. CONSULTANCY / COURSES

If you have suitable knowledge in any field then consultancy or digital courses are the best passive income stream for you. There are many platforms where you can teach or provide services as a consultant to required personalities and businesses.

You can create one or more courses in your existing field to teach these skills to other people. Your work after creation updates and revise these courses according to the new technologies and inventions to keep your course beneficial and best for new learners.

You can also provide face-to-face consultancy services online to required people where you have to select your free time. Many platforms are available to provide consultancy services as well as digital courses.

7. CREATE A PRINT-ON-DEMAND STORE

If your interest or business is related to printing and dispatching these prints to the customers then this passive income stream is best for you. This business needs some investment to purchase printing items and open an account with courier services.

But the profit ratio is also very high of print on demand store type passive income hustle. Because there is now much low competition in this business. In some regions no facility available of print on demand stores. But in some regions facilities are available but the demand is also very high.

8. INVEST IN A LOCAL BUSINESS

Many local businesses require funds to grow to the next level, but they can’t find investment from shark tanks or large investors, because they have no interest in these small or local businesses.

To take benefit from these opportunities you can invest in these local and small businesses. Because you know these business owners, their credibility and lending rating are obvious to you. You also know the basic concepts of these businesses and intends of the owners. Some of them might be your neighbor or relatives.

This passive income stream is very risky but very profitable. Be always ready to bear a large loss all the time along with heavy income after investment in these local and small businesses. Also research the business, market, region, and the owner of the business before investment.

Proper agreements and documentation are also compulsory for investment in these local and small businesses. Otherwise, you get lost if the business owners fraud or hide profit or show fake assets, etc. in the businesses.

9. RECORD AUDIOBOOKS / ARTICLES

Many people listen to books and articles instead of reading. Because they can listen during walking or doing other easy tasks. For these reasons, the market has a demand to record audiobooks, research, blogs, and articles.

If you are good at communication, have good pronunciation, and are interested in recording, and speaking then this side hustle is best for you. This side hustle will change your life because you record daily new books, blogs, and articles which increases your knowledge and confidence.

This knowledge and confidence will also be beneficial to your existing business and job. Record the books and articles according to your interest. No one can force you to record other books you have no interest in.

You can upload these recorded materials on all video and audio platforms with the permission of the authors. You can also provide services to the authors on a freelance basis which will also increase your income, confidence, and knowledge.

10. INVEST IN STOCKS AND SHARES

Investment in stock and shares are need some regular investment but it is beneficial for all individuals. This investment is also beneficial for the economy of your country. Investment in stock and shares required research and suitable knowledge.

Investors will earn regular income as dividends or increase in shares and shares values. This is a lifelong investment. People who want to earn early and who have no passion and who can’t bear the loss shouldn’t invest in stocks and shares.

When an investor invests in stock and share, will learn and research the business in which want to invest. From this research and learning you will get all knowledge about businesses. How businesses start, work, and grow. This achieved knowledge will provide more benefits in your daily life, existing job, and existing business.

CONCLUSION

I wrote only those passive income ideas where you earn money, knowledge, confidence, and improvement in your life. Choose only passive income ideas in which you have an interest, and will otherwise you will be bored after some time and waste your time, amount, and energy.

You can start more than one passive income stream full-time and part-time. You can also these sides hustle along with your existing job and business.