35 Easy Passive Income Ideas for 2020

What is Passive Income?

Truly Passive Income Ideas

1. Alternative Assets

2. Passive Real Estate Investing

3. Earn Passive Income with Lending Club

4. Invest in Dividend Stocks

5. Open a High-Interest Savings Account

6. Long-Term Index Fund Investing

7. Become an “Angel”

Semi-Passive Income Ideas

1. Put Your Real Estate to Work

1A. Use Airbnb or similar services

1B. Rent Out an Extra Bedroom

1C. Rent Extra Land

2. Renting Your Car

3. Refer Friends to Great Products You Already Use

4. Try Affiliate Marketing

5. Run a Site with Display Ads

6. Create a Print-on-Demand Online Store

7. Create an App

Passive Side Hustles

1. Learn to Flip Products on eBay

2. Use Your Washing Machine

3. Become a Tutor

4. Become a Collectibles Expert

5. Give Lessons

Residual Income

Examples of Residual Income

1. Royalties

2. Product Sales

3. MLM Marketing

Buy a Small “Hands-Off” Business

1. Car Wash

2. Storage Rentals

3. Laundromat

4. Become a Franchisee

5. Buy ATMs

Other Simple Ideas

  • Cashback Credit Cards or Cashback Rewards Cards. If you’re spending money anyway, you might as well get some cash back for it.
  • Vending Machine Business. Owning a vending machine(s) can be a low-effort tactic to earning a steady income. Just remember-location, location, location!
  • Selling stock photos. I’m a huge fan of finding ways to sell your photos online. Here are the nine unique ways we’ve found to make money by selling your pics. Your image credit can earn you passive income.
  • Start YouTube Channel(s). Do you have a message to share with the world? A bent for videography? A personality that people want to watch? If you gather a following on YouTube, you can earn a significant passive income from advertising revenue.
  • Create an online course. Do you have something you can teach the world? There are plenty of paying students who would buy your course.

The Bottom Line

--

--

Personal Finance Geek http://www.YourMoneyGeek.com

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store