15 Smart Passive Income Ideas To Make 5-Figure Per Month

how to make 5 figures a month

Are you looking for a smart passive income online to start making five figures per month?

There are different ways to start making passive income online. However, not all passive income ideas can generate a 5 figure income.

This blog post will only share the passive income ideas that guarantee generating a 5-figure per month.

Related:72 Best Home Business Ideas To Start While Working Full-Time

What is passive income?

Passive income is generated or received regularly, requiring minimal to no effort. It may take time, effort, and money to set it up, and cash flows into your wallet once it runs.

An online business requires hard work, but the results are excellent. Most can generate five figures per month in passive income, while some can generate six figures yearly.

First, let’s look at some questions that may bother you.

What is 5 Figures?

Five figures are five numeric figures, starting from $10,000 to $99,999.When you count the number of digits, it will be 5.

The four figures are a four-digit number starting from 1000 to 9,999, while the 6 figure is a six-digit number beginning from 100,000 to 999,000.

Many of the top entrepreneurs on the internet are making a five-figure income range.

What is 5 Figures Income?

A 5-figure income is an income you generate starting from $10,000 to $99,999 a month or year. Many of the top entrepreneurs on the internet are making a five-figure income range.

For example, if you’re a blogger and you make $10,000 monthly, that is five figures per month. Alternatively, if you earn 12,500, it is still five figures.

How To Make 5 Figures a Month: 15 Passive Income Ideas

1. Blogging

make 5 figures from blogging

My #1 passive income idea is blogging. Blogging is one of the easiest ways to make passive income once set up. I have even made 5 figures a month from my blog, which I believe is achievable for any blogger.

It requires effort and capital to get started, but once it is running, it requires little effort. There are many ways to make money from blogging, such as affiliate marketing, Google AdSense, media.net, sponsor posts, etc.

To start a blogging business, I will need domain and web hosting, which can be purchased from a domain registrar and hosting from a reputable web hosting company.

Here is my best domain registrar: Namecheap. If you want the best hosting company, I suggest hosting your blog with HostGator.

Read: How to start a blog that makes money

2. Make 5 Figures Selling An Ebook

how to earn 5 figures a month

Another passive income opportunity to make 5 figures a month is selling eBooks. Selling an eBook is a great way to make passive income. You are good to go if you can write between 25 and 75 pages of quality eBooks.

We are in the digital era, and the digital publishing market is increasing daily.

After writing your book, marketing is not as difficult as many people think. You can market your eBook through your blog and social media such as Facebook, Twitter, Pinterest and so on.

Here are a few places to sell your eBook: Clickbank.com, Warriorplus.com, JVzoo.com etc.

Want to learn more about making five figures per month from digital publishing? Check this training

Here are the steps to write your first eBook

  • Identify your audience
  • Choose a topic for your ebook
  • Do an in-depth research
  • Outline the chapters of your book.
  • Write the chapters
  • Edit the book
  • Design your eBook

You can learn more about writing ebooks that sell from this site.

After completing your eBook, the next step is to promote it to make more sales. Here are the best places to promote your eBook: Facebook, Twitter, Instagram, TikTok etc

There is a lot of potential to earn five figures a month selling ebooks. Many publishers make more than this every month, and you can follow their steps.

3. Earn Five Figures With Affiliate Marketing

Affiliate marketing is my favourite as an affiliate marketer. It is well known for making passive income online. Many internet marketers make 5 to 6–figures per month promoting other people’s products and earning commissions.

What Is Affiliate Marketing?

Affiliate marketing is a business that requires promoting other people’s products and services, and when you make a sale, you get paid a commission.

For example, I’m promoting an online course that costs $297, and the creator offers a 40% commission.

If I make one sale, I will receive 40% of $297, which is $118.8. So, if I make ten sales, I will receive $1,880 in commissions. If you’re new to affiliate marketing, I recommend training to help you fast-track your success.

If you want to start a 5-figure business, I recommend affiliate marketing. You don’t need to create a product; there is no need to hire a copywriter to write your sales page, etc.

You can read my Freedom Accelerator review, one of the best affiliate marketing training programs from well-known affiliate marketers.

Other Affiliate Marketing Courses

4. Start Amazon Business

passive income to make 5 figures online

There are many ways to make money from Amazon. You can make passive income from the Amazon affiliate program and sell physical products on the same platform.

Let me explain it further to get more ideas on how you can make more money from Amazon.

Amazon Affiliate Program:

Promote Amazon products and get paid for each sale made from your affiliate links. Affiliate marketers are making 3 to 4 figures promoting the Amazon affiliate program on their blogs. You can create a review blog for a specific niche, such as juicers, wireless Bluetooth, etc.

You must create a 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 juicers, such as mybestjuicer.com, and write reviews of different juicers, such as masticating juicers and fruit juicers.

Amazon FBA Business

Another way to make money from Amazon is to sell physical products known as Amazon FBA. This is one of the most profitable online businesses, and you can start and grow it into six figures a month.

To succeed in this business, it is very advisable to learn how it works.

Many online training programs teach people how to start selling on Amazon, but the most recommended one is an Amazing Selling Machine.

Most students of Amazing Selling Machine are making 5 to 6 figures per month, while some are even making 7 figures within a year.

You can also check the Dybaler and Front eCommerce training, where you will learn about the wholesale formula course.

5. Selling On Shopify

start shopify business

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 an online store and start selling products by promoting them through social media or using Google Adwords to get fast results.

One of the best Shopify training is the eCom Success Formula. This comprehensive training reveals everything you need to build a successful e-commerce business.

The training teaches how to build a monthly five-figure passive income through drop shipping. You can read the eCom Success Academy review to understand the training better.

Tips To Start a Shopify Dropshipping Business

Here are the steps to follow to start a Shopify e-commerce business.

  • Understand your target audience
  • Do competitor analysis
  • Start with a few hot-selling products
  • Choose a good brand name for your business
  • Select reliable and trusted suppliers
  • Order samples from your suppliers
  • Create quality content to promote your products.
  • Create essential pages such as About, legal, contact, etc

6. Sell Online Courses

For anyone who has skills, knowledge and experience to share with the world, creating and selling online courses is one of the most lucrative online businesses.

Most well-designed online courses can generate a 5 figure monthly income, and I know many top creators making 6 figures from one launch.

Udemy has become one of the best places to sell your skills and experience in the form of eCourse and start making money.

For example, if you know how to build a mobile app or SEO, you can create a video teaching people how to create a mobile app on Udemy and get paid.

It is great to make a passive income without hard labour. Do you have any skills to show people through video?

If yes, then Udemy may be a game-changer for you to make 5-figures passive income every month, teaching people what you know best and letting people acquire skills and knowledge from you.

Related: 19 Genius Ways To Make Money Without A Job: Make $100,000 Per Year

7. Building Mobile Apps and selling them

The mobile app market is a billion-dollar market and is growing every day. If you have the skill to create or build a mobile app that can rock the world, why can you use this opportunity and turn it into an ATM?

Most people are killing it by selling apps without even knowing any coding. They hire a programmer to build an app, 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 start an app business or build an app, Udemy is the best place to go; you can find thousands of programmers to teach you step-by-step how to build a mobile app. There is software that can build an app without any knowledge of coding.

Learn more about the Zapable software to create your first app.

8. Make Passive Income Selling Photo and pictures

If you are very creative in taking pictures, you can turn this hobby into a passive income.

There are many websites where you can sell pictures online and get paid when people buy them. You only need a camera, skills, and experience to get started. You don’t need to invest any money to start this business.

Also, if you are a professional photographer and you are sure you can shoot air in the sky, then you can create your website where you will sell all your pictures.

Below is the best place where you can sell pictures and photos.

9. Selling Kindle eBook on Amazon

If you love digital publishing and have an idea in any area, you can start Kindle publishing. Most Kindle publishers make money by creating Kindle eBooks alone.

Even if you don’t have the experience, you can do your research and get helpful information on how to start Kindle publishing.

With this business, you can start making passive income without much effort. After completing and publishing your eBook, 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 must be creative to get the best result from selling on Etsy. Here are a few things to sell on Etsy to make money:

Handmade goods, vintage items, and craft supplies.

Learn more about making money on Etsy.

11. Start Software Business

The software business is multi-million dollar, and people are making money selling software. This may require learning the curve before thinking of starting the business.

If you want to start a software business, I strongly recommend training and learning before considering investing in it.

You can find helpful information online about how it works and the requirements before starting.

Here are some valuable materials that can guide you and give you more information about the software business.

12.YouTube Channels and Adsense

This is a great passive income idea. I know you might have heard about Adsense before, and if you have a blog or website, chances are that you have Adsense on the site.

But do you know that most people make real money from YouTube videos by monetizing 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 a video, then you can make money when someone clicks an ad on your video. You only need to create a YouTube channel account with your Gmail if you haven’t had one before.

You can find free software to create YouTube videos or get paid software for the best result.

Below is the software to create and upload a video onto your channel.

List of video software.

You can create a video on any type of niche. Even animation videos are getting millions of views on YouTube.

Click here to learn how to make money on YouTube.

You can also promote Amazon products through YouTube videos.

13. Make smart passive Income on Fiverr

Fiverr is a great place to make passive income by rendering service to people ready to pay you for your experience and skills—starting from freelancer, designing eBook, Logo, service, programming, website creation, etc.

If you have any experience or skills, Fiverr is a great place to make money online.

14. Buy and sell the website

There is a lot of money to be made from buying and selling website businesses. Many bloggers are making money by flipping websites. If you can create a WordPress blog and learn SEO, you can build a niche site, rank it and monetize it. You can sell it after starting to generate income.

One of the best places to buy and sell websites is flippa.com. If you check the site, you will see the sites listed for auction and those that just sold. This will give you more ideas before you get started.

Click here to learn more about site flipping

15. Copywriter

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 a brand and persuade a person or group of people to take a particular action.

Copywriting is a billion-dollar market; people make money by writing sales copy, marketing materials, and email copy. Professional skills are highly demanded, and freelance writers’ copywriting jobs are the highest-paid projects.

Many copywriters make five to six figures working full-time, while some prefer part-time.

Click here to learn more about copywriting.

The 15 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, I suggest starting blogging. Blogging is an easy way to build a solid online business that lasts for years.

It only requires a little investment to get started.

You can combine blogging and affiliate marketing. With affiliate marketing, you don’t need to create your product. Many affiliate marketers make more than five figures selling people’s products.

Here is the list of high-ticket affiliate programs you can promote.

If you have any questions about the passive income idea, kindly let me know from your comments.

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Oyundoyin Anthony is a blogger and an affiliate marketer that offers helpful contents to people who are looking for different products for their needs. He enjoys helping people to achieve success in their business.

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