15 Smart Passive Income Ideas To Generate 5 Figure Per Month
Most people are looking for different ways to start making passive income online. But most of the passive income ideas they have read only give them little ideas that can only generate tiny income with hard work.
In this post I will only share the best online business that can generate you from 5-figure passive income online every month.
Are you ready to start making 5 figure smart passive income online?
What is passive income?
Passive income are the income generated with just little or no effort. It may requires time, effort and money to set it up and once it is running, money begins to flow into your wallet.
Online business requires hard work to get stated but the end result are amazing. Most of these can generate 5-figure per month passive income.
15 Smart Passive Income Ideas To Make 5 Figure Per Month.
Blogging is one of the easiest ways to make passive income once it set up. It require efforts and small capital to get started but once it is running, it requires little efforts. There are many ways to make money from blogging such as affiliate marketing, Google AdSense, media.net, sponsor post etc.
You need domain and web hosting which can to be purchased from domain registrar and web hosting company. Here my best domain registrar: namecheap. If you want best hosting company, I suggest to host your blog with Bluehost or Hostgator.
2.Sell An eBook
Selling eBook is a great way to make passive income. If you can write between 25 to 75 pages of quality eBook, you are good to go. We are in digital era and market for digital book is increasing every day. After writing you book, marketing it is not as difficult as many people think .You can market your eBook through your blog, social media such as Facebook, Twitter, Pinterest and so on.
Affiliate marketing is well known when it comes to make passive income. Yes, there are many internet marketers making 6–figures per month promoting other people’s products and earn commissions.
To get best result from affiliate marketing, you may need to learn more about it.
Sign up for affiliate marketing training from well know affiliate marketers such as CB passive income training etc.
If you are new to affiliate marketing, here is a free training to help you get started.
4.Sell on Amazon.com
There are many ways to make money from Amazon. You can make passive income from Amazon affiliate program and at the same time selling physical products on the same platform.
Let me explain it more further to get more ideas on how you can make more money from amazon.
Amazon Affiliate Program: Promoting Amazon products and get paid for each sales made from your affiliate links.Affiliate marketers are making 3 to 4 figure promote Amazon affiliate program on their blog. You can do this by creating review blog for specific niche such as juicers, wireless Bluetooth etc.
What you need to do is to create niche site for any product you want to promote on Amazon. For example, if you want to promote juicers .You can build a review blog related to juicer such as mybestjuicer.com and write the review of different juicers like masticating juicers,fruit juicers.
The second way to make money from Amazon is to start selling physical products which known as Amazon FBA. This is one of the profitable online business as the ecommerce business is growing every day. To succeed in this business, it is very advisable to learn how it works.
There are many online training teaching people how to start selling on Amazon but the most recommended one is Amazing selling Machine.
Most students of Amazing selling machine are making 5 to 6 figure per month while some are even making 7-figure within a year.
5.Selling On Shopify
Shopify is a well-known eCommerce platform where people can register and start selling physical products through dropshipping. It is a great way to make money if drop shipping is your hobby. With shopify, you can build online store and start selling products by promoting it through social media or using Google Adwords to get fast result.
6.Sell Course on Udemy
Udemy has become one of the best places to sell your skills and experience inform of eCourse and start making money. For example, if you know how to build mobile app or SEO, you can create a video teaching people how to create mobile app on udemy and get paid for it.
It is a great place to make passive income without any hard labour. Do you have any skill to show people through video?
If yes, then Udemy may be a game changer for you to make 5-figure every month teaching people what you know best and let people acquire skills and knowledge from you.
7.Building Mobile Apps and sell them
Mobile app market is a billion dollar market and is growing every day. If you have the skill to create or build mobile app that can rock the world why can you use this opportunity and turn it to ATM machine.
Most people who mare killing it by selling app without even know any codding. What they do is to hire programmer to build app let say $150 and start selling it. It is an online business that can give you high ROI if you know how to do it or learn it if you have zero experience.
If you want to learn how to stat app business or want to build app, Udemy is the best place to go, you can find thousands of programmers to teach you step by step on how to build mobile app. There are software that can build app without any knowledge of codding.
8.Make Passive Income Selling Photo and pictures
If you are very creative in taking pictures and photos, then you can turn this hobby into passive income. There are many websites where you can sell pictures and photos online and get paid when people buy them. It only require camera, skills and experience to get started. You don’t need to invest any money to start this business.
Also, if you are professional photography and you are sure you can shoot air in the sky, then you can create your own website where you will be selling all your pics and photos.
Below are the best place where you can sell pictures and photo.
9.Selling Kindle eBook on Amazon
If you love digital publishing and you have an idea in any area, then you can start kindle publishing.Most kindle publishers are making 4 to 5 figure per month creating kindle eBook alone. Even if you don’t have experience, you can do your own research and get useful information on how to start kindle publishing.
With this business, you can start making passive income without much effort.After complete your eBook and publishing it, the only major work is marketing. You can share your kindle book on Facebook, Pinterest, twitter, Google plus and more.
10.Selling On Etsy
Selling on Etsy is a great way to generate more income. It requires experience in art and crafting. You need to be creative to get best result from selling on Etsy. Here are few things to sell on Etsy to make money:
Handmade goods, vintage items, and craft supplies.
11.Start software Business
Software business is a multi-million dollar business and people are making money selling software .This may require to learn the curve before thinking of start the business. If you are interested in starting software business, I strongly recommend to undergo training and know in and out of the business before thinking of investing on it.
You can find useful information online to know how it work and the requirement before getting stated.
Here are some valuable materials that can guide you and give you more information about software business.
12.YouTube Channels and Adsense
I know you might have heard about Adsense before and if you have blog or website, chances that you have Adsense on the site.
But, do you know that most people are making real money from YouTube video by monetize their videos with Google Adsense?
People are making thousands of dollars every month on YouTube by just creating videos on what they love to do.
If you know how to create video, then you can make money when someone click ad on your video. You only need to create YouTube channel account with your Gmail if you don’t have account before.
You can find free software to create YouTube video or get paid software to get bests result.
Below are the list of software you can use to create video and upload it onto your channel.
List of video software.
You can create video on any type of niche even animation videos are getting millions of views on Youtube.
13.Make smart passive Income on Fiverr
Fiverr is a great place to make passive income by rendering service to the people who are ready to pay you for your experience and skills. Starting from freelancer, design eBook, Logo, service, programming, website creation etc.
If you have any experience or skills, Fiverr is a great place to make money online.
Click here to read more on how to make passive income on Fiverr
14.Buy and selling website
There are lot of money to be made in buy and selling website business. Many bloggers are making 5 figure per month flipping website. If you can create wordpress blog, learn SEO then you can build niche site, rank it and monetize it. You can sell it after starting generating income.
One of the best place to buy and sell website is flippa.com. If you check the site, you will see the listed sites for auction and those they just sold. This will give you more ideas before you get stated.
Copywriting is a way of writing text for advertising or other forms of marketing. The product, known as copy, is written content that aims to increase awareness of brand and persuade a person or group of people to take a particular action.
Copywriting is a billion dollar market, and people are making money for writing sales letter, marketing materials, email copy. Professional copywriting skills are highly demand and copywriting jobs are of the highest paid projects for freelance writers.
Many copywriters make five to six-figures working full-time while some prefer part-time.
The 15 smart passive income ideas will help you to make a choice.
Now, you fully understand how and where to make passive income, but where do you want to start?
If you are worrying about where to start, my suggestion is to start blogging. Blogging is an easy way to build solid online business that can last for years.
It only requires little investment to get started.
In case you have any question, kindly let me know from your comment.