Top 10 Passive Income Ideas for 2018

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

I’m going to share the top 10 passive income ideas that made waves in 2018 and how you find passive income opportunities in these ideas in 2019. But first, if you are new to the topic, your first question will 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 much of your time and effort. Put another way, passive income is the money you earn from working part-time. It is different from active income, which is the money you earn from your job – a salary.

The big question that people often ask is whether a person can live off their passive income. If you work with your passive income sources and create residual income streams, you can get to the point where your passive income can equal what you earn from your day job. And that’s the goal, to build multiple streams of passive income so that it eventually equals or surpasses what you’re earning at your day job, at which point you can say you’ll achieve financial independence, because then you have control over your time, money comes to you to pay the bills even if you quit your main job and the system works automatically, you just manage it.

I guess the question on your mind now is if there is something you can do part-time that will bring you almost a full-time income. Yes, there is, actually there is! Here are the 10 best passive income ideas for 2018

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

  2. E-book 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. Publishing books has never been so easy. Many people ask if there is a business you can start with no money. That’s one thing. Everything is 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 a lot of attention in 2018 as a source of creating residual income. There are two main ways to make money with cryptocurrency. This is trading and mining. The good thing about this system is that you can trade from your mobile phone.

  4. Network Marketing: Network marketing or multi-level marketing is one of the oldest businesses around, a system where you start at the bottom and work your way up. Although talk about multilevel marketing may not sound like a buzzword, yet big companies use it to launch hot products and people use it to rise to great heights and earn both passive and massive income for yourself.

  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. You too can start earning money immediately if you have one of the skills that are required daily by these websites like article writing, article editing, book cover design, website development etc.

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

  7. E-commerce: it used to be for big companies, but today anyone can set up an e-commerce store and start selling digital products online with WordPress and woocommerce plugins.

  8. Drop shipping: this involves selling physical products through well-established e-commerce platforms such as Aliexpress and Amazon. You don’t have to do any hard work, just research the best selling products and promote them on your custom e-commerce store which is linked to the main platform and get the product delivered by the company while you choose the profit.

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

  10. Video Blogs: YouTube is now the second most popular website in the world. If you have a flair for video, then here is an opportunity to earn passive income. YouTube with its AdSense program and affiliate program allows video content creators to monetize the platform.

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