Living good life is not easy. You need these 7 smart passive income ideas which are very profitable because they can change your life for better. As they offer you more ways to generate more profits online. Which avoid you the hard competition and save you money and time.
Really, it’s not easy to generate passive income because there is huge competition in almost all niches. That’s why many beginners fail and leave this big market. Even if this market is bigger with unlimited opportunities. This means there are opportunities but you need to work hard and to think out of the box which avoid you this hard competition.
In post, i leverage 7 smart passive income ideas that work. You can just choose what fits your skills and passion.
What is passive income?
Passive income is having many sources of income. These sources generate real money such as rental property, writing books or having an enterprise that doesn’t need your active participating. These are some examples of good passive income that need little or zero effort to earn and maintain them.
In other words, you make more money without working hard. Your money or your investment work for you.
Why do you need to generate passive income?
You should build passive income because you can:
- Live the life you want.
- Live where you like.
- Have more time for you and your family.
- Rely on many source of income which avoid any financial problems.
- Focus on your hobbies you like.
- Learn other skills you like most.
These benefits really worth to leverage these income ideas because you can be happy. Money doesn’t make happiness but it helps you to live as you want and to avoid many problems.
What are these 7 smart passive income ideas?
To live as you like, you should try these powerful income ideas because they work:
1- Elearning business
Elearning is booming niche that has a huge audience all over the world. This audience needs more elearning products to improve their level.
According to elearningindustry:
- A report from Research and Markets suggests that the global eLearning industry is expected to grow from $176.12 billion in 2017 to reach $398.15 billion by 2026 with a CAGR of 9.5%.
- In 2017, approximately 77% of American companies used online learning.
- Data shows that 600 million people worldwide subscribe to mobile learning applications.
Other stats indicate:
- Elearning can reduce the required time for students to learn the material by 25%-60% compared to traditional learning methods.
- Seven in 10 teachers agree that elearning tools are helpful to students when studying things on their own.
- 96% of students, especially children, say that elearning tools are fun to use and help them learn things on their own.
- 77% of students who enroll in online programs claim that it will help them reach their employment and career goals.
- 71% of principals say that digital learning tools facilitate their students’ real-world problem-solving skills.
- 35% of teachers and school administrators believe that the elearning system helps them provide more personalized instructions that are more suitable to the skill levels of their students.
Elearning business is best passive income business
These stats show that the opportunity is very profitable. You can target this elearning niche through offering tools, courses, books, templates, ebooks… Which students and teachers need.
To avoid competition, you can focus on local elearning market because there are more opportunities and profits. In this market, you can rank your online business higher on Google. That generates you more authority, trust, leads, sales and profits. You need just to offer what your audience desire.
People want to improve their learning levels but they look for high quality sources and tools. If you offer them what they are looking for, you win the game. The profit is really huge in elearning business.
2- Information products – The easiest passive income
Information products like ebooks, online courses, templates, webinars… are very profitable. You can make real money online and start build your passive income. These products have huge demand online, if you offer good quality info products.
All businesses need these information products because they use them to attract more leads or to build their email list or to increase their sales.
According to Google:
- 85% of shoppers surveyed say product information and pictures are important to them when deciding which brand or retailer to buy from.
So the market need these great products. Which you can use to create your smart passive income and work less or even turn it to a system that generate profits without your active presence.
Memberships is best ways to generate passive income because there is a huge demand online and you can use these type sites to teach your audience everything such as: Photoshop classes, graphic design, logo, web develop, SEO, copy writing, cooking classes, coaching, body building classes… and then add more stuff to these classes which develop your offer and make your business unique. That increase the value of your memberships.
The education industry is full of topics which you can leverage and turn them to goldmine. There is no limit with education business. You can find many small niches where you avoid the competition and build your powerful passive income.
Stats show that:
- The LMS market is expected to grow $28.1 billion by 2025.
- North America accounts for the largest market size using LMS platforms.
- The highest source of revenue is projected to come North America followed by Europe.
- The industries using LMS platforms are: Education, technology, manufacturing and governmental bodies.
Memberships websites start at $5 a month and go up to $250 according to high quality services. You can build your team which can handle easily all the task. You need to do the whole work. As your business, you can use more marketing tools that can do much work automatically. Which save you money and time.
So don’t miss your time and start today your profitable journey.
4- Create YouTube Channels – Perfect way to generate passive income
YouTube channels are very profitable because people love videos more than text content. And YouTube offers good user experience. That’s why people like YouTube as the best video platform on the web.
- YouTube has over 2 billion logged in monthly users.
- 18–34 year old are watching YouTube, on mobile alone, reaches more people in this US audience than any TV network.
- YouTube is localized in over 100 countries and can be accessed in 80 different languages.
- One billion hours watched daily!
- YouTube reaches more adults 18+ during prime time than any cable network does.
- YouTube mobile users are 2X as likely to pay close attention while watching YouTube compared to TV users while watching TV.
- The top four content categories watched by YouTube users are comedy, music, entertainment/pop culture, and “how to.”
- 68% of YouTube users watched YouTube to help make a purchase decision.
This huge number of users make YouTube the best online platform to easily rank your business and reach unlimited users all over the world. YouTube is the second search engine on the web after Google. That’s why all companies and marketers use YouTube to make more profits and to grow their business as well.
Building passive income through YouTube is a goldmine
So you can build good YouTube channel and offer useful content that solve your audience’s need. This can help you to generate passive income, if you have good product or service which your audience desire.
Today, there are many marketers who generate good income online just from their YouTube channels. But they offer the most engaged content such as: Tony Robbins..
YouTube is really great to earn passive income online but there is a huge competition which you should avoid through focusing on small niches such as: teaching specific language or skills… Read this post for more YouTube niches.
In other words, YouTube is a great platform to build your smart passive income and live better life.
5- Ecommmerce websites – Another best passive income streams
Today, ecommerce business is very profitable. Many marketers generate unlimited revenue from ecommerce business. According statistics:
- Retail e-commerce sales to $4 891 billion dollars.
- Amazon id the leading online marketplace.
- Consumers spent more than $861 billion dollars online with US retailers.
This indicate that e-commerce is a profitable business to build powerful passive income. This industry is growing despite of the world health crisis. People spent more time and money on ecommerce websites like Amazon, Aliexpress… That is great opportunity to start your online ecommerce and focus on offering high quality products, good testimonials, free delivering, great user experience, fast loading site, special days and holidays to increase your sales… These ecommerce techniques can avoid you hard competition and save you more money and time. That can help you to build strong passive income.
Just, learn how to create your store online and look for what people need and then start your journey. You can learn everything about ecommerce industry in YouTube and other sources like Udemy for free. You don’t need to purchase any course unless you want to take your business to the next level.
6- Affiliate marketing – The famous in these 7 smart passive income ideas
Affiliate marketing is great to start your journey, eve, if there is a hard competition. But the opportunity is possible to build your passive income. Because there are huge products and services which you can market to the right audience and earn your commission.
Almost all companies from different niches have their affiliate program. That offer you a huge variety to avoid the competition. According to these stats:
- 80% of brands have affiliate programs.
- 94% of publishers are using multiple affiliate marketing networks.
- 40% of marketers consider affiliate marketing a crucial skill.
- 79% of marketers use affiliate marketing to engage existing customers.
That’s why Affiliate industry is a great way to create passive income on the web. You need just to reach the right audience with the right product or service. These are some great niches to begin your affiliate business.
The largest affiliate networks include: Amazon associates, ShareASale, ClickBank… and many other great online platforms that pay high commission such as web hosting websites.
7- Selling logos – Easy way to generate passive income
Logo and graphic design is a profitable business where you can make huge profits. This industry is a booming business because people love it and feel happy to engage with its products.
According to stats:
- 78% of consumers believe that logos are works of art.
- Images have more power on human being more words. That’s why companies invest more on visuals.
- 57% of small businesses are willing to pay $500 to their company logo.
- 95% of top brands only use two colors in their logo.
This means you can make ton of money, if you offer high quality logo design. because the demand is huge.
Today, you don’t need to be a designer to create professional designs. You can just use the best logo maker to create awesome design for any business like this great design tool. Which helps you to create amazing logo for any niche because you get all options you need to be a creative designer. Then you can easily build your passive income as a professional designer.
Logo is another way to make real money online, if you learn how to do it in the right way.
These are 7 smart passive income ideas you should leverage because they work and many marketers had built powerful income from them. So don’t waste your money and time. You have the opportunity to start your business today and change your life for better. You have all tools and platforms to learn and to build your online business. As, there are many platforms that offer you all marketing tools, training and support. You don’t need the big budget, you can begin with little one and then grow your business.
So the choice is yours!
Which idea do you find more profitable to build your passive income?