Top 10 Passive Income Ideas of 2018

Passive income ideas were a hot topic in 2018 through the waves that are waning a bit this year, but the fact has never changed that never before have people constantly looked for ways to increase their income and enjoy financial independence. In this article

I am going to share the top 10 passive income ideas that made a splash in 2018 and how you find passive income opportunities on those ideas in 2019. But first, if you are new to the subject, your first question would be what is passive income?

Passive income simply means residual income, that is, money that comes to you over time from work you’ve done in the past or something you’re doing now that doesn’t require a lot of your time and effort. Put another way, passive income is money you earn from a part-time job. It is different from active income, which is the money you earn from your job: salary.

The big question that people often ask is whether one can live off their passive income earnings. If you work with your passive income streams and build residual income streams, you may get to the point where your passive income is equal to what you earn at your day job. And that is the goal, to generate multiple streams of passive income so that you eventually equal or exceed what you make at your day job, at which point you may have been told to achieve financial independence because then you are in control of your time, your money comes in to pay the bills even if you quit your main job and the system runs automatically, it just manages it.

I guess the question on your mind now is if there is something you can do part time that will give you almost a full time income. Yes, there is, in fact there is! Here we go with the top 10 passive income ideas of 2018.

  1. Affiliate Marketing – Affiliate marketing provides a fantastic opportunity for people who don’t have a product of their own to take someone else’s good product and promote it at a profit on every sale they make. This is one of the easiest ways to start earning passive income.

  2. eBook Publishing: If you have an idea that can solve a specific problem, Kindle Publishing provides an easy way to put it into book form and publish it. Book publishing has never been so easy. Many people have been asking if there is a business that can be started with no money. This is one. It’s all free, if you can write your book, edit it, create an attractive cover and write a good description for your book, you can start making money right away.

  3. Cryptocurrency – Cryptocurrency gained good attention in 2018 as a source of residual income creation. Basically, there are two ways to earn money with cryptocurrency. That is trade and mining. The good thing about this system is that you can operate from your mobile.

  4. Network Marketing – Network Marketing or Multi-Level Marketing is one of the oldest businesses out there, a system where you start at the bottom and work your way to the top. Although the talk of multi-level marketing may not sound like a buzzword, big companies have been using it to introduce hot products to the market and individuals have been using it to reach great heights and earn massive passive income for themselves.

  5. Freelancing – You have probably heard of websites like up work, fiver, elance, etc. where people go to get various types of digital work done for them. You too can start earning money right away if you have one of the skills that are required on a daily basis on these websites, for example, writing articles, editing articles, designing book covers, developing websites, etc.

  6. Blogging – Yes, people are still winning from blogging, even though the market seems to be saturated. There are more tools that make it easy for anyone to create a blog and bring it to prominence. Blogging is a good way to start earning passive income, but it is not the fastest way to generate passive income. That said, it’s also important to note that it’s one of the surest ways to build a reputation and a longer lasting residual income stream if you do it right.

  7. Ecommerce – This used to be for large companies, but nowadays anyone can set up an eCommerce store and start selling digital products online with WordPress and WooCommerce plugins.

  8. Drop Shipping: This deals with selling physical products through well-established e-commerce platforms like Aliexpress and Amazon. You don’t have to do any hard work, just research the best selling products and promote them on your custom eCommerce store which is linked to the main platform and have the company deliver the product while earning the profit.

  9. Mobile Apps: There are more smartphones than human beings on earth today. And what powers these devices? Mobile apps. If you have an idea that can solve a problem, here’s an opportunity for you to earn residual income. You don’t need to be a programmer to create a mobile app. You just have to come up with the idea and outsource the work to a programmer at one of the freelance websites mentioned above to create it.

  10. Video blogging: YouTube is now the second most popular website in the world. If you have a talent for videos, here is an opportunity for you to earn passive income. YouTube with its AdSense program and its partner program allows video content creators to earn on the platform.

Here are the top ten passive income ideas that were trending in 2018. If you want to start earning passive income in 2019, you might want to consider one of these as a starting point for building your residual income streams. But if you’re already making passive income online, I’d like to know how many of these passive income ideas you’ve tried or are making an income from.

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