Passive Income is by far the best and easiest way to make money. So, here are 7 passive income ideas to make money online in 2020!
7 Passive Income Ideas to Make Money Online in 2020 | Make money with affiliate marketing and more
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You should be able to live the life you want to live without doing work that you hate! With passive income, you can make easy money online right now – promise. And the best part is that these ideas will easily fit into the business you already have!
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Something to keep in mind as you keep reading – passive income is never totally “passive.” There’s definitely work involved in setting up all of this passive income. But, once the setup is done, the “passive” part begins!
7 Passive Income Ideas to Make Money Online in 2020
(In order of most passive to least passive)
1. Affiliate Marketing
With affiliate marketing, you’re acting as the middleman. You’re sending your audience to someone else’s products and then you get commission for the people who buy the product from your link. This is SUPER passive, as long as you set up the affiliate relationships and build an audience to buy the products you recommend.
2. Content Creation
You could create a Youtube channel or create content on another platform that allows you to get paid whenever someone watches it or reads it or whatever. Once you’re monetized, Youtube will run ads on your videos – so the more people who watch your videos, the more money you make from those ads. If you have a blog, you can use companies who will run ads on your blog so you can make money the same way!
One of my favorite ways right now to use a funnel that’s passive is low-cost offer funnels. These funnels sell a low-cost product. You run ads in the places that the person you’re targeting hangs out, and after they purchase the low-cost product, you offer them an up-sell and a one-time offer after they purchase that low-cost option.
This type of funnel can be done for every single business type! Once you put in the work to know what works, your done. Woo!
You can create a membership site with exclusive content that people only get if they pay to be a member. Once you put something in the membership that makes it worthwhile for people to purchase, you’re good to go!
5. Sponsorship Deals
You do have to create the content to do the sponsorship deal, but once you’ve built an audience, a sponsorship deal is pretty passive.
6. Online Courses
Listen – online courses take blood, sweat, and tears to put together and make sure that they’re actually helpful. After you’ve nailed down the marketing strategy to get it in front of the right people, online courses can be super passive!
7. Real Estate
There are so many options where real estate can be pretty great passive income. I am definitely NOT the expert on this, but I do know there are lots of different ways to do it. You could purchase an apartment building and rent out the apartments or purchase a house and do short-term and long-term rentals.