10 Passive Income Ideas of 2021

10 Passive Income Ideas of 2021  :
Earn Your Own Time

"Become financially independent faster with passive income; the ultimate holy grail of making money" Daniel R. Solin author of The Smartest Money Book You'll Ever Read.

      

    Changing economic times and advancements in technology have shifted the workplace and how individuals are bringing home the income. Now it is easier than ever for you to have multiple sources of passive  income and even go into business for yourself.

What Is Passive Income?

    Passive income is a steady flow of money coming in your bank account that does not come from a 9-5 employer or contractor. It is money you earn even when you are not working. Passive income is always built on a business system. Imagine having multiple systems of passive income. Most millionaires do and now it is your turn.

A steady 9-5 is cool but deep down inside you know it will never be enough to rely on a  as your only source of income. Don't worry , if you’re not sure where to start keep reading below is a list of 15 proven ways you can start building passive income streams wherever you are in your financial journey. 

"It’s never too late to start where you are to get to financial goals ; just start now."

1. For Business Owners:Host an Amazon Store Front. 
 

Ever thought about owning your own retail business? Become an amazon vendor and sell your products with Amazon FBA. One of the surest ways to earn cash is to become a seller and make it big through a  saturated  marketplace like a Amazon and Ebay.

 

According to Business insider the Average Amazon Seller is making $2,500 in profit a month from FBA (Fulfillment by Amazon) :Where Amazon handles all the shipping , customer transactions and disputes. You can sell a variety of items from headphones to home furniture.

2. For Writers: Run a Blog 

    Get paid to have a blog. It’s one of the easiest forms to make passive income and anyone can do it for free. Once you start to build an audience you can make a great amount of passive income by becoming a writer fulltime. You make money from hosting ads and-or affiliate links on your website. If you enjoy writing , editing and designing you may really enjoy doing this.

     Another plus is there are web hosting sites to create your blog for free. Google for example works with Blogger.com and Google Adsense to create an easy free blog for you to build income off of. 

    How ? The more traffic you drive to your page, the more revenue. So if you get 1,000 page views a month your taking home $25-$35 monthly passive income Get 100,000 views you’re cashing out $1000-$2500 a month. 

    Having a career as a blogger/writer comes with insane perks from setting your own schedule to controlling your own income. You can write and create as many sites as you like creating multiple income streams. 

3. Start a YouTube Channel 

  

    Starting a YouTube channel doesn't take much , just creativity and commitment. YouTube has been around for a long time is making everyday people rich. 

    Your channel can be about absolutely anything and everything falling under You tube's video guidelines and copyright policies. Anyone and everyone can successfully build a great source of passive income by creating videos. What are you waiting for?

4. Start Your Podcast Through Anchor

    Build another source of passive income by hosting a podcast. You can host your podcast for free and start making money right away with minimum listenership through Anchor which is owned by Spotify. You make revenue by featuring ads and sponsorships for your audience to listen to. The  average experienced podcaster can take home $500-$10,000 a month.

6. Invest in Real Estate 

    It is now easier than ever for anyone to start investing in the real estate market. Real Estate is one of the most ancient and purest forms of passive income that will always be around. The sooner you start the more money you will build over time. I highly recommend checking out these apps to help you learn more if you're just starting out: Fundrise.

7. Design and Publish an app in the app store

If you're creative and into programing applications this is another great idea for building a passive income stream. Millions of Americans use the apple app store and google play for downloading games, self-help , educational etc. You can also feature your app and get paid for downloads and hosting ads.

8. For Musicians: Publish your music on Spotify

    Spotify For Artist allows artist to not only make money from listenership but also income with donations from their fans. 

9.For App Designers:Design and Publish an Amazon Alexa Skill

    Amazon Alexa now has a developer program , offered and free to everyone who is interested in developing "skills" which are apps for Amazon Alexa. Amazon has been the front -runner of voice assistance technology and currently has four distinct revenue streams users can make money. Amazon provides everything you need for to develop a skill on their website. If you want to learn how you can start building your own skills click here.

10. Gain Royalties from audiobooks with Audible

    Audible owned by Amazon allows anyone to publish their audiobook or podcast on their website. You are able to make great passive income from listenership.

The great thing about passive income is your in control of how much money you want to make. How much is your time worth? It is priceless. So  disappear for a while and start building these passive systems for your future self. Free your time.