15 Ways to Earn True Passive Income (2024)

There are plenty of ways to create passive income for yourself while working from home. Passive meansthat you do the work once and keep getting paid for it, over and over again. Sounds like a dream, right? It is amazingIF you can make it work.

I know of a couple of things and I did some research to find even more. I hope you find something below that piques your interest.

15 Passive Income Options

1 – Design & Sell Physical Products

There are some popular sites like Spreadshirtthat allow you to create designs for T-shirts, mugs, calendars, etc. and then sell them over and over once your designs are made.

This is different from running an eCommerce business out of your home because all you have to do is create the design. Once you're done with that, the production and shipping items to customers is handled by Spreadshirt or whatever site you use to do this.

If you're creative, this is an excellent way to earn some passive income.

2 – Blogging

Even though blogging is a lot of work for people who do it full-time, it can be passive.

The blog posts you write can earn you money pretty much indefinitely if you have them monetized well (ads, affiliates, etc.). And unless you're in a niche where things change all the time, you may not ever have to go back and do any updating of your old posts. Just leave them sitting there, earning you money.

I've heard of some peoplewho haven't gone in and added any new posts to their blogs in years, yet they still earn money from those blog posts.

There is more information on starting a blog here. Also, here is more information on exactly how blogs can earn you money.

3 – Sell Low or No-Content Books

The self-publishing industry has seen an increased demand for low content books in recent years, particularly on platforms like Amazon.

These books, encompassing activity books, journals, planners, and coloring books, have gained popularity due to their engaging and interactive nature. For anyone thinking about self-publishing without a strong writing background, selling low content books presents a viable option!

The market for low content books is thriving right now. Also, you don't need to be an experienced writer to create these books, because they rely heavily on visual elements. The production costs are quite low and they can be produced quickly.

Once published, these books can generate continuous revenue!

If you're interested in learning how to create low content books, resources like Low Content School offer step-by-step guidance and tools for a successful start.

4 – Getting Referrals On Extra Cash Sites

I often blog about sites you can use for extra money like Paid Viewpoint andSlice the Pieto name a few.

You may or may not realize that these sites have referral programs where, if people sign up to use these sites under your referral links, you'll get a small percentage bonus every time they use the sites.

So while you'll definitely earn more if you use these sites yourself in addition to having referrals, you can still earn money even if you don't as long as your referrals are active.

It can be a lot of work in the beginning getting people signed up under you, but it will pay off once you have lots of referrals.

5 – Write eBooks

Putting an eBook together is a lot of work, but once it's written, it's written. And you can sell it over and over again, making money off of it indefinitely.

This probably works best if you're writing fiction because there isn't as much need to go back and update a fiction book as there might be with a non-fiction book.

For example, you can learn how to write a romance novel(or other types of novels)and earn thousands per year (or month). Many people do this, and you don't have to have any specialized experience.

6 – Stock Photography

If you're pretty good with a camera, there are a ton of stock photo sites you can use tosubmit your photos and sell the license to them over and over. So you literally can take the pictures once and keep getting paid for them.

Here's a list of sites you can use to submit stock photography.

7 – Create an eCourse

These days, eCourses are very popular. You can find a course online to learn to do just about anything.

Depending how in-depth your eCourse is, you may be able to sell it for hundreds of dollars. And just as it is with everything else on this list, you do the hard work once and then keep getting paid as people purchase what you created.

It may occasionally be necessary to update your course content, but for the most part this should be very passive income. If you want to create an online eCourse, Udemy is a good platform to use for building your course and also selling it.

Just like eBooks, you'll need to promote your eCourse to get many sales, but apart from that the income should be very passive.

8 – Create And Sell Apps

I'm always thinking, “There should be an app for that!” Everyone wants an app for everything these days. And if you can create one, you can sell it over and over.

You don't necessarily have to be a tech genius to create an app. There are a lot ofdo-it-yourself tools available online that simplify app creation, but if you want a high-qualityapp, you should probably pay an expert to do it for you.

Business 2 Community has a great post here with more information on getting an app created. If you want to try to do it yourself, here's a list of tools you can use from Business News Daily.

And if you want to create an app and then sell it, Flippa is a great marketplace for doing that.

9 – Create Niche Websites

Niche websites are a bit different from your average blog because they don't need to be updated continually.

Basically they are just a collection of static pages that provide information on a specific topic. You put the website together, monetize it with ads and/or affiliate links, and leave it be.

If you're going to do this, it's a good idea to make sure your niche topic is very evergreen — meaning that it's centered around something that rarely changes, so there would be little need to ever go back in and update it.

You can hire a professional to create your niche website for you, or you can do it yourself if you either know something about building websites or are willing to learn.

Once your niche site is set up, you can keep it and earn what you can from the ads and affiliate links, or you can sell it on a site like Flippa. To make the most money possible, you'll probably want to have more than one niche website.

10– Rent Out Stuff You Already Own

When you think about renting out stuff you own, you might think of “house” by default.

However, these days what you can rent out goes far beyond that. While you can certainly earn passive income renting out a house if you have an extra one you're not using, you can also rent out your car, rent out your home when you're not using it(or even just a room in your home), rent out storage space inside your home and also parking spaces!

11– Create and Sell Artwork

If you're artistic (whether it's through graphic design or hand-drawn pieces), you can sell your artwork over and over online in digital form.

I came across a site today called The Printable Marketplace that allows you to upload your artwork, set a price, and then earn 50 percent commission on sales. And yes, you can sell the license to your art over and over again, so you only have to do the work once.

12 – Create and Sell Written Content

Many people who run websites need written content for those websites and would prefer to preview and buy it online rather than have freelancers who regularly write for them.

If you find it easy to create articles around a variety of topics, you can start cranking them out and posting them for sale on various articles marketplaces.

The way you get paid and how much you could earn works differently depending on the platforms you're using, but it can be true passive income depending on how you have your rights set up for the content. Some articles can be sold over and over again.

One site to consider for this is Constant Content.

13 – Use Cashback Sites and Apps

Cashback sites and apps are just good for passive extra money, but they offer such a simple way to get paid for something you're going to be doing anyway.

I recommend using Ibotta for your grocery purchasing and Rakuten for any shopping you do online. These are both great and I have been paid by both of them very reliably.

14 – Create and Sell Email Courses

We already covered selling e-courses above, but if you don't like the idea of filming video or audio for a course, you could do an email one instead.

Basically, email courses will go out in a “drip” fashion over a select number of days to the people who have enrolled. It's all written content, delivered via email to those who have paid for it.

Again, once the course is created, you can sell it over and over.

Highbrow is an interesting site I found today that acts as a platform for your email course. Every time someone enrolls in a course they've accepted that you've created, you get paid.

Go here to learn more about Highbrow.

15 – Sell Digital Printables

Creating digital printables is both simple and highly sought after! There's a high demand for them, especially on platforms like Etsy.

The beauty of digital printables lies in their reusability – you create them once and sell them repeatedly. This means the initial effort is a one-time investment.

What's even better is that you don't require any graphic design expertise to craft them. Virtually anyone can get involved!

Visit this link for more details on how the process works. It's an excellent avenue for selling online and generating genuine passive income.

Feeling Disappointed Because None of the Above Is “Easy”?

Unfortunately, none of it really is. But doing something that is worthwhile is rarely ever easy. The great thing about what I've listed above is that you do the hard work once and reap the benefits again and again.

And if you think you can't do the things listed above because you don't know how to write well, don't understand graphic design, don't know how to build a website, etc., then take the time to learn these things.

These days we have YouTube, eBooks, fantastic online how-to articles, and eCourses to help us learn to do the things we don't know how to do. Udemy is a great starting point for affordable e-courses to learn to do all kinds of things.

If one of the options above appeals to you, but you just don't know how to do it, take the time to learn.