Best passive income1/30/2024 ![]() Udemy, Skillshare, Coursera, just to name a few. There are a ton of different places you can create and sell courses. Similar to creating digital products, online courses are almost the exact same. There's always someone out there looking to learn something you might know - it's the reason I started my blog! You're able to create a course on almost anything that you're good at - marketing, cooking, sleeping, meditation, exercise, gaming, and so much more. If you're someone who's skilled at something, hopefully, more than a lot of others, this might be for you. This is a great way to get some reviews through the gate which will then be effective for when you raise your prices.Ī YouTuber by the name of Oliur manages to earn upwards of $30,000 per month by creating and selling digital products, so I recommend you check out his channel if you're interested in learning more. In order to turn a digital product side hustle into a passive income stream, you can start by creating the icons and selling them on the platforms mentioned above for free. This makes it extremely profitable on your end because you don't need to worry about ordering inventory. Since these products are digital, the difference in cost to sell 100 compared to selling 10 is virtually 0. Most digital products can be created within a day or a few days at the top. I used free icon templates from sites like Icons8, and so margins usually remain high. There are a ton of channels one can use to sell digital products.Ī few popular ones include Gumroad and Etsy - using these channels alone, you can build an entirely passive income stream.Ĭreating digital products is usually very simple.Īll you need to create them is something like Canva - I've previously attempted to make IOS icons and managed to create all of them on Canva. These can be IOS or Android icon stickers, backgrounds, fonts, and pretty much anything else that is digitally distributed.ĭigital products are great for various reasons: The first, and one of the most popular sources of passive income, is selling digital products.ĭigital products can take any form. In this article, we're talking about the 11 best passive income ideas to generate $1000 or more per month and build long-term wealth.Ī lot of these ideas will require upfront work, however, I'm going to explain how a little effort can turn these into completely automated engines of passive income. There are only a few *real* passive income streams one can use to generate wealth without needing your intervention. Unfortunately, the world's perception of passive income is flawed - most 'passive income' ideas are not really passive.Ī passive stream of income, by definition, is a source of revenue that can operate completely without your intervention.Ī lot of the ideas you may read about on other blogs or find on YouTube require some level of intervention. Imagine sitting at home, sleeping, going out all day, and doing everything you love all day while earning money in the back. 11 Best Passive Income Ideas To Generate $1000+ Per Monthīuilding streams of passive income is a dream a lot of people would love to have.
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