15. Shopping rewards
Cashback reward sites allow you to generate passive income when you shop online. After
signing up, you don’t have to do anything aside from shop to make money from these sites. The
more you shop online, the more points you gain, and the more passive income you can make.
16. Buy an existing website
Websites on almost any topic are often put up for sale. The best part? A lot of them make a
healthy income through affiliate links, ads, memberships, or products.
Buying an existing site is a great way to own a business that already has sales and traffic
coming in. Once you complete your purchase, you also get access to seller support and
negotiate hand-over terms with the seller to ensure you’re able to maintain the website.
17. YouTube channel
It’s not too late to start a YouTube channel. A whopping 2.7 billion people worldwide use
YouTube every month. That’s a lot of eyeballs to capture for passive income. The catch? It’s a
lot of upfront work for little to no return at first.
18. REIT investments
What if you don’t have money to buy entire apartment buildings? You can still earn rental
income.
With a minimum investment of $500, you can use a real estate investment trust (REIT) platform
to invest in a variety of real estate assets—and earn more passive income as the assets
appreciate. A REIT is a company that owns and manages profitable real estate. It’s a great way
for smaller investors to pool their money for investments they wouldn’t be able to afford by
themselves.
19. Digital designs
Design marketplaces like 99designs, ThemeForest, or Creative Market are great places to
generate a passive income stream by selling digital designs online. Whether you use a website
builder to build website themes, logos, branding resources, templates, illustrations, or even
fonts, these platforms offer a built-in market that is already looking for design resources.
20. Startup investments
Investing in small and medium-sized businesses has become more accessible through online
platforms. With a low initial investment, you can fund startups without needing to actively
manage your investments.
21. Unused space rentals
Have a basement or garage you aren’t using? Rent it out as storage space!