8 Proven Ways to make Passive Income from your Side Hustle
What’s the best way to make money from your passion? By starting your own side hustle, of course! No matter what your skill set is, there’s always some way you can leverage it to bring in extra cash. And while not all side hustles are true passive income (i.e., you’ll still need to put in some work), that doesn’t mean there aren’t plenty of ways to make money without breaking a sweat. Read on to learn more about eight proven ways to make passive income from your side hustle!
What is passive income?
Passive income is a type of income that doesn’t require active work to earn money. It’s often possible to set up a passive income stream with little to no upfront investment. Once you have a passive income stream set up, it can provide you with a steady flow of extra cash.
1. Starting a blog
If you’re reading this, then you probably already know that starting a blog is one of the most effective ways to build your personal brand and make money online. That’s why we’re excited to see so many people starting their own blogs these days—and why it’s important to us that you don’t make any mistakes along the way.
We’ve put together this guide to help you get started:
What is a blog?
A blog is basically a website that has a front page and lists of posts on each page. It’s like a discussion forum where people can post their thoughts, opinions and experiences. You can use it as an online diary or journal where you write about things that are important to you.
Why start a blog?
There are many reasons why people start blogs: travel writing, business writing, personal finance management, cooking tutorials… the list goes on! Blogging is an easy way to make money online because it allows you to connect with your audience in real time without having to talk on the phone or meet up in person. And it’s also fun!
- Pick a niche. Don’t just start writing anything you think sounds cool. Pick some topic that interests you so much it could become your full-time job. If you’re not sure what kind of niche to choose, check out our list of top 10 side hustle niches!
- Write a few articles in advance. Although this might sound counterintuitive, writing articles in advance will help you establish yourself as an expert in your field, which will help build up your authority and make people want to hire you for bigger projects.
- Build up an email list first before starting the blog. You can easily do this by sharing content on social media or writing guest posts for other blogs—and if people like it, they’ll want more from you! This is also one way to get new subscribers for your blog (and more potential customers!).
- Make sure everything is set up correctly so that building traffic isn’t too hard or time-consuming for the beginning stages of your business (which means creating an email list, setting up social media accounts, etc.).
Here are some useful resources for start making money from your blog straight away:
Below you will find the best options for creating your website (buying a domain and hosting), as well as the best free options for creating a website.
Essential Plugins for WordPress:
2. Investing in stocks
Many people view stocks as a way to make money in the short-term. But if you’re patient and invest in the right companies, stocks can provide a revenue stream that lasts a lifetime. That’s because once you own shares of a company, you are entitled to a portion of its profits. And as long as the company continues to make money, you’ll continue to receive passive income.
Here are some useful resources on how to get started in the trading market:
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3. Investing in crypto-currency
You’ve probably heard of Bitcoin and Ethereum, but did you know there are over 1,500 different types of crypto-currency? Investing in crypto-currency is a great way to create a passive income stream. You can buy and hold crypto-currency, or trade it on an exchange. The key is to find a revenue stream that works for you.
Investing in crypto-currency as a side hustle is one of the best ways to make money while you sleep. It’s also one of the least risky ways to make money, which means you can be sure that your investments will be safe and that you won’t lose all your savings overnight.
Here are some things to consider when investing in crypto-currency:
What are the risks?
Cryptocurrencies have seen their fair share of volatility over the past few years, so you should be prepared for some fluctuation—but it’s important to remember that this is just what happens with any investment. Crypto-currencies are volatile, so you have to be sure that you understand how they work and what you’re getting into. If you don’t understand the mechanics of the market or know how to protect yourself from losses, then this is not the right investment for you.
What are your goals?
If you want to invest in order to build wealth over time, then buying an amount that will make a huge impact on your life but won’t affect it too much (like buying a house) might be better than jumping right into something more risky like investing in crypto-currency. If you want to invest in order to build wealth over time, then buying an amount that will make a huge impact on your life would be a wiser decision.
How much time do I have available?
You will need to devote a lot of time and energy to your crypto-currency investments—at least one hour per day (for beginners). This means that if you want to make money in this field, you’ll need to be willing to put in long hours every day.
What skills do I already have?
It’s essential that you know how to use an online trading platform like Fidelity Investments or Coinbase because these are where most people buy and sell crypto-currencies today.
For those who are thinking about investing in crypto-currency as a side hustle, here’s what you need to know.
First, let’s talk about what it is. Crypto-currency is a digital currency that uses cryptography to secure transactions. It’s also called cryptocurrency or virtual currency. Cryptocurrencies are unique because they aren’t tied to any bank account and can’t be printed like regular paper bills. Instead, they’re created through a process called mining: Miners use computers to solve complex mathematical puzzles that release new coins into the economy. That means there’s no central authority controlling how much money goes into circulation—instead, the value of each coin is determined by how much people are willing to pay for them.
Just like any other investment, crypto-currencies are risky—and that’s why it’s important for investors in this space to consider their goals and risk tolerance before diving in headfirst! If you’re looking for short-term gains but don’t mind taking some risks, then maybe investing in crypto-currency would be a good fit; if not, then you might want to look elsewhere.
When you invest in crypto-currency, you are essentially investing in a future of money. The coins and tokens are a form of digital currency that is traded on the internet.
Crypto-currency is an alternative to traditional currency systems and can be used to pay for products and services online or at physical locations. These currencies have grown in popularity over the past few years as more people have become aware of their existence. There are thousands of different crypto-currencies available today, which makes it difficult for investors to choose which one to invest in.
The best way to invest in crypto-currency is through an exchange like Coinbase or Kraken. You will need an account with these companies if you want to buy or sell crypto-currencies, but once you have set up an account then it’s easy to buy and sell coins on their platforms using your bank account or debit card.
- Cryptowatch – usefull tool
Here are some useful resources:
4. Running an eCommerce shop (in 6 steps)
Running an eCommerce shop as a side hustle can be a great way to make extra money, or even turn your hobby into a business. But it’s not without its challenges and pitfalls.
If you’re considering running an eCommerce store as a side hustle, here are the things you need to know:
What are the benefits?
There are many benefits to running an online store as a side hustle. For one thing, it can be a great source of passive income. You don’t have to spend any time marketing yourself or trying to sell products or services—just work on building your product and shipping orders! You don’t have to worry about hiring employees or finding space for a storefront. You can just focus on making sure everything is going smoothly for customers. And when things do go wrong, it’s easy to get help from others in your network who have run similar businesses before!
However, there are also downsides—not all businesses run smoothly so if something goes wrong with yours, there may not be any money coming in at all! Things may take longer than expected due to delays in shipping or other problems with production and fulfillment (which can delay delivery times).
Running an eCommerce shop as a side hustle is a great way to earn some extra income and make money while you sleep. You can be your own boss, set your own hours and work from wherever you want.
If you’re looking for a new way to earn some extra cash, running an eCommerce store might be just the thing you need. Here are three reasons why:
- You set your own schedule – You don’t have to worry about working at someone else’s hours or on someone else’s schedule. You can take advantage of your free time and see what works best for you (and vice versa).
- It’s fun – Running an eCommerce store is more than just making money—it’s about creating something that people like, so it’s always rewarding to see how much people enjoy using your products or services!
- It’s easy – If starting an eCommerce store sounds difficult, think again! It doesn’t take much time or money (and it doesn’t require any technical skills). All it takes is some time on the internet and some creativity!
Running an eCommerce shop as a side hustle
Have you ever wanted to run your own business but thought that wasn’t possible? Or maybe you’ve been working in the same job for years, but are looking for something new to do with your time. Running an eCommerce shop is one way to make money while pursuing your goals. It can be used as a stepping stone into other businesses, or even just as a way to earn extra money without having to leave your day job.
There are a few things that you can do to make sure your store is successful:
- You need to have a good product line. If you only sell one product, then people will not be able to find what they need when they want it!
- You need to have some sort of customer service system in place so that customers can get in contact with you easily and without having to wait for days on end for a reply!
- You should have an easy way for customers to pay for their purchases without having to use paper checks or cash which can get lost easily!
If you’re interested in making money while running an eCommerce shop, there are a few things you should know before getting started:
- Figure out what you’re going to sell.
- Do your research and create a business plan.
- Choose your eCommerce platform.
- Set up your payment gateway and shipping methods.
- Design your eCommerce website.
- Drive traffic to your store with marketing and SEO efforts.
Freelancing is a great way to get started with passive income. You can start small by offering your services on sites like Fiverr or Upwork. As you build a client base, you can begin charging more for your services. Once you have a steady revenue stream coming in, you can start looking for ways to scale and grow your business.
Crowdfunding as passive income. If you’re looking for a way to earn money while doing something you love, crowdfunding might be the answer. Crowdfunding is a way to get money from people who believe in your project or business. As an entrepreneur, it’s a great way to raise funds for your ideas and expand your business. But what does it mean to crowdfund? What does it take to succeed? And how do you get started?
What is crowdfunding?
Crowdfunding is a way for entrepreneurs and creatives to raise money for their projects by appealing directly to the public. It usually involves creating a profile on an online platform like Kickstarter or GoFundMe, where people can donate money directly toward the cause. Most platforms charge a fee of 5% or less per transaction—which means that if you raise $10,000 through crowdfunding, you’d only pay $500 in fees (or less).
The most common types of crowdfunding include – Rewards-based crowdfunding: This type of crowdfunding involves offering people who donate rewards in exchange for their contribution. For example, if someone donates $100 they might receive two tickets and backstage passes to see your band play live.
Crowdfunding is a great way to get your creative ideas off the ground. It can be used to fund anything from personal projects to business ventures, and it’s a great way for you to earn passive income. But how does it work?
First, you need to determine what type of crowdfunding campaign you want to run. Are you looking for funding from individuals or businesses? Do you want investors to take on all the risk in exchange for higher returns? Or are you just looking for donations from people who believe in your project? Once you’ve figured that out, it’s time to decide how much money you want to raise and how long your campaign will last.
Next comes setting up an account with a crowdfunding platform like Kickstarter or Indiegogo. These sites act as middlemen between people who want to donate and people who want money—they help set up campaigns and track progress over time so donors can see where their money goes and what they’re getting in return (if anything). They also take a small fee from each transaction made through their site, but this cost is generally low enough that most projects don’t mind parting with some cash in exchange for visibility and promotion via social media channels like Facebook or Twitter.
Crowdfunding is a great way to make money and help others at the same time. You know that feeling you get when you donate to charity and feel like you’ve made a difference in someone’s life? That’s how this feels! You’re helping people who need it, and getting paid for it too.
The best part? You don’t have to do much work after setting up your campaign. The website takes care of everything else—from promoting your campaign to sending out emails to backers. It even gives you an option to pick which projects you want to support (if any), so it can be as passive or active as you want it to be.
There are two main crowdfunding sites: Kickstarter and Indiegogo. They have different models and offer different perks, but the most important thing is that they both work well for new businesses looking for funding (or just extra cash).
Crowdfunding is a way to raise money for your project or cause by asking the general public for donations.
It’s a great way to get the word out about your project, but it can also be a great source of passive income. If you’re looking for a way to make some extra cash without taking on a full-time job, crowdfunding might be an option for you.
Here are five things you need to know about crowdfunding:
1) The most popular crowdfunding platforms are Kickstarter and Indiegogo. These platforms allow people to create “campaigns” where they describe their project and ask people for donations in order to fund it. The campaigns can run anywhere from one day to four months, depending on the platform and type of campaign (there are many different kinds). Once a campaign ends, the funds raised go directly into the creator’s bank account unless they choose another option like receiving donations over time through something called “perks.”
2) Kickstarter is more focused on creative projects like films, music albums, video games, etc., whereas Indiegogo accepts almost any kind of project related to business or charity work as long as it doesn’t involve illegal activities like selling drugs or weapons (they
If you’re not familiar with the term, passive income is money that’s earned without having to put in active, laborious work. And one of the best ways to make it is through crowdfunding platforms like Kickstarter and Indiegogo. Here’s how it works: You create a campaign seeking funding for a project or business venture, set a financial goal, and then solicit donations from the public. If successful, the money you raise is yours to keep, minus any fees charged by the platform. And the best part is that you can do this without quitting your day job!
Bookkeeping is a great way to make some extra income on the side. It involves keeping track of financial transactions and ensuring that all the money coming in and going out is accounted for. This can be a great way to make some extra money, especially if you’re good with numbers and have an eye for detail. Plus, it’s a relatively low-maintenance side hustle – once you get set up, you can largely set it and forget it. If you’ve got a knack for organization and accounting, then bookkeeping might just be your perfect side hustle!
8. Affiliate Marketing
Affiliate marketing is when you promote a product or service and get paid when someone buys through your link or ad. It’s probably one of the most common ways people make money online because it’s easy and flexible, but it can also be pretty lucrative if you invest in yourself properly.
Affiliate marketing is one of the best ways to make money online, and it’s a great way to start earning passive income. With affiliate marketing, you promote someone else’s products or services and get paid a percentage of the sale.
If you’re looking for an easy way to make money online without having to sell your own products or services, affiliate marketing may be right for you. If this is something you’ve been considering doing but aren’t sure where to start, read on! We’ll break down what affiliate marketing is and give you some tips on how to get started.
Passive income is a beautiful thing. It means you don’t have to spend your time doing the same thing over and over again in order to earn money from it. You just have to do it once, and then your time is freed up for other things—like working on your own business or taking care of your family.
There are many ways that you could potentially earn passive income online—from selling products, to selling ads, to selling information products—but affiliate marketing is one of the most popular ways people do this.
The idea behind affiliate marketing is simple: you find a product or service that you like, and you recommend it to others by linking them directly to its sales page or website when they visit your site through an advertisement or banner ad.
When someone buys something using your link, you get paid a commission for referring them there.
You can also make money by being an affiliate for multiple companies at once, which means that if someone buys something using all three links on your site (say, one from Amazon and two from eBay), each company will pay you separately for referring them there.
Affiliate marketing is an incredible way to make money online. But what exactly is affiliate marketing? And how do you get started? Let’s break it down.
Affiliate marketing means that you earn a commission every time someone buys something from a company after clicking on one of your links. Usually, you’ll get a commission on the product itself—but sometimes, companies will pay you for clicks as well. This can be really useful when promoting products that don’t have any associated cost.
You can find affiliate marketing opportunities in all kinds of places: blogs, social media platforms, books, and even podcasts! You don’t need to worry about creating your own website or blog—just find an opportunity that interests you and start earning money right away!
You can make passive income by promoting products and services on your blog or website. When you include an affiliate link in your content and someone clicks on it and makes a purchase, you earn a commission. To be successful, choose products you know and love, and focus on producing high-quality content that will interest your readers. You can also sign up for affiliate programs with companies like Amazon, Clickbank, and ShareASale.