In this article, I will give 7 powerful passive income ideas to earn money, If you want to become rich then you need to earn passive income.
Passive income occurs when you continue to get paid even after completion of work.
It includes royalties from books, movies, or songs. In passive income, you will get the royalty for your work.
By reading this article, I confirm that every student will able to create passive income sources to become rich in teen-age.
What is Passive Income?
Before coming on Passive Income Ideas,
First, you have to understand what is Passive Income? When you earn money even while sleeping, it is called ‘Passive Income’.
According to my opinion, ‘passive income’ is a source of wealth in which you are earning some amount of money without working.
But at the start, you have to work more than an ordinary person to create a system for passive income.
Every ordinary person can’t able to create a passive income source, If you want to create a passive income source then you have to think big.
Following are the 7 Passive Income Ideas For Students To Earn Money-
- Start A Blog
- Affiliate Marketing
- Creating a Digital Product
- Create a YouTube Channel
- Network Marketing
- Bonus Tips
7 Powerful Passive Income Ideas For Students
1. Start A Blog
You can start a blog to earn passive income. Basically, a blog is just a website.
Building a website is not rocket science, you can build a website or blog without coding. You can use WordPress to create a well-looking website.
Creating your own blog can be a foundation for many different passive income sources, You can create your own eBook, online course to sell on your blog.
Through blogs, you can earn money through Google Adsense by showing ads on your website.
Anyone can become a blogger through WordPress. If you want to start a blog then I highly recommend GreenGeeks Hosting to use it.
Do you know Harsh Agrawal?
Harsh Agrawal is one of the best bloggers in India.
He is earning more than 30,000 $per month from his one blog and He is an owner of ShoutMeLoud.Com.
You can check the ShoutMeLoud’s income report here.
You can become a website developer through blogging because you have to develop a website for blogging and then you can give services about website development to clients.
You don’t need much money to start blogging, you can start blogging by investing 70$ in hosting and domain.
Blogging can give you money, fame, and name, you can read my guide on blogging.
- Risk Factor-
It takes time to earn money, you have to invest approximately 1 to 3 years in blogging.
Blogging needs consistency, patience, investment mindset. At the starting of blogging, you need to invest more time.
Blogging is one of the best Passive Income Ideas for students.
2. Affiliate Marketing
If you have a blog or large fans on social media then you can earn passive income by affiliate marketing. It is one of the best ways for students to earn Passive Income.
What is affiliate marketing?
You have to promote third party products by including a link to the product on your website or social media account to get a commission.
In Affiliate marketing, you have to promote other products on your blog, and if you get sales of that product you will get a commission from the product owner.
It is one best passive income ideas in the market.
If you have less traffic on the blog then earning money online is possible by affiliate marketing. You can make a handsome amount from affiliate programs with less traffic, But, that traffic should be targeted traffic.
Following are the affiliate program to Signup-
- Amazon Associates
- Commission Junction
- Impact Radius
Through affiliate marketing, you can earn more money than a job salary. It is considered a passive income source because you can earn money just by adding a link to your website.
When a visitor clicks on the link and makes a buy from the third-party affiliate, the website owner earns a commission.
Also, you can also generate revenue in less traffic but the audience should be targeted.
- Risk Factor-
Yes, it is risky. If you don’t have traffic on your website then you can’t earn money.
If you want to start affiliate marketing then you’ll have to take time to create content and build traffic for your website.
In reality, you won’t earn money if you can’t attract readers to your site to click on the link and purchase something.
It’s not a quick-rich money scheme.
3. Creating a Digital Product
It is one popular strategy for passive income is creating a Digital Product such as an eBook, audiobook, and video course.
If you are a student and you have expertise in a particular skill. Then you can create a Video course on that skill and sell them. This is one of the best Passive Income Idea.
Video Courses can be distributed and sell out through sites such as Udemy, Skillshare, and Coursera. All these platforms have a built-in audience that could help in selling your video course.
If you are not happy to host your courses on Udemy, Skillshare, and Coursera, then you can host it on Teachable or Thinkific.
You all know, all of those apps you’ve downloaded on your smartphone or laptop are created by someone.
If you have a good idea that fills a need of your audience, find a programmer then create an app around that problem solve.
Then share or market that app to earn money from it. For example- Oyo Rooms App, Urban Clap, etc. Following is the apps that solve peoples problem.
Just you have to solve the need of your audience through a Digital Product.
I hope this passive income idea will game-changing for your life.
You can earn a handsome amount through a digital product because Digital Products gives a high-profit margin. That’s why you will earn a high amount of money by selling a course to your large audience.
You will get name, fame, and money through this passive income idea.
- Risk Factor-
It takes a little hard work to create digital products, but once the work is done, you can sell it forever through your website.
You have to spend some money on a Camera to record videos. Marketing will play a great role in making the course profitable to your audience and you.
I think this passive income idea will work for you.
4. Create a YouTube Channel
Nowadays YouTube on the boom and you have a great opportunity to become a YouTube Content Creator. Through YouTube, you can create different passive income sources.
Now We’re in YouTube’s Golden years, YouTube growing insanely all over the world.
We have the opportunity to create a big name on YouTube, you have to grab it.
A student can easily create videos for YouTube on different niches such as Vlog, Gaming Videos, Live Streams, Educational video.
Now, Question is how you earn money through YouTube?
Yes, I have an answer to your question. You all know YouTube is Google’s own platform.
Google runs Adsense Program for content creators, by this program you earn passive income.
At the start, you can’t earn money from YouTube, If your subscribers and video views will grow then you will be able to earn more money from YouTube.
You can manage YouTube from TubeBuddy, it is a YouTube certified platform to manage YouTube.
You can see live Subscriber Counting features in TubeBuddy,, Get Here Now.
Also, You can visit the Blogging Play YouTube channel here.
If you become a YouTube star then you’ll be getting respect from Society.
You will get more opportunities to earn passive income when you become Famous on YouTube.
It is an amazing passive income idea for the students.
- Risk Factor-
It takes time to accumulate subscribers, it maybe 2 or 3 years. But you have to work hard for it.
If you want to create a high-quality video then you invest in Camera, Video Editing Tools, etc.
It’s not guaranteed to become successful on Youtube that’s why you have to work hard for it.
YouTube wants Dedication, Consistency, Time and Money Investment, etc.
It is an amazing passive income idea for the students.
5. Network Marketing
Network Marketing is a great way to earn passive income. It is also known as the direct selling industry.
In network marketing, you create a system or network of distributors that work for you.
Anyone can work in Network Marketing just you have to join right and reputed network marketing companies like Vestige, Amway, etc.
Note- Without a network, you can’t generate passive income.
Passive income comes from the network of business when you create a network of one lac people in a network marketing team that time you will start getting passive income.
It is one best passive income idea for students
When the time you stop working in network marketing then your network will work for you. Because you already made a network one lac people in the company.
It is an amazing passive income idea for students, network marketing gives you financial education, personal development, financial freedom, leadership skill, etc.
You can earn millions of rupees per month in network marketing after 2 to 3 years.
- Risk Factor-
You can’t earn money quickly in network marketing, you have to develop some necessary skills to earn money.
Due to some quick-rich money schemes, the network marketing industry is not respected.
A lot of people lose their money in network marketing due to a quick-rich money scheme.
It’s not a quick rich money program but you have to invest 5 years in network marketing to earn a big amount of passive income.
Network marketing is a business of professional people.
It’s a long term game.
Write an eBook-
If you have expertise in any topic then you can write physical books or ebooks. Then sell it on Amazon, Flipkart, Audible, and Amazon Kindle.
You can find a topic, then you can write an ebook on it. For example, Fitness or wellness ebook.
You have to write ebooks up to 80 to 90 pages.
For eBooks most of the publishing sites are free, and you can pay for premium services like marketing and editing.
You can get royalty income through eBook, Book, and Music. If you make a song by your voice then you can sell that song to the music company.
I think these types of passive income ideas are best for every student.
Any student can implement the following passive income ideas to earn money.
Below are some passive income ideas, by this you can generate a handsome amount-
- Rental Income – You can earn money by giving renting a house, a car, etc.
- Peer-to-peer Lending– As a lender, you can earn income from interest payments made on the loan.
- Stock Market– You can invest money in the stock market, and earn money through selling shares. It’s is risky & it takes time.
- REIT’s– REIT means ‘real estate investment trust’, through REIT you can able invest money in real estate stock, you can earn a share of the profit produced by that real estate investment.
- Freelancing, Start a Podcast, etc.
Overall all these passive income ideas are awesome for students.
Any student can take action on these passive income ideas to earn money in teen-age.
I hope you got some ideas to earn a passive income from this article.
If you have any questions about ‘How To Earn Money Online’, please write in the comment box. As you wish, you can give suggestions to make this post more helpful then drop suggestions in the comment box.
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