Living good life is not easy because you need more money to get all your desires. That’s why, you should leverage these 7 smart passive income ideas which can change your life for better.
These passive income ideas offer you more online business opportunities to generate more profits. This will avoid you the hard competition and save you money and time.
This hard competition makes many beginners to fail and leave this big market, even if this market is bigger with unlimited opportunities. This means there are many opportunities but you need just to think out of the box to avoid this hard competition.
In this post, I explain 7 smart passive income ideas that work. You can just choose what fits your skills and passion then learn everything about it. There are many free and paid courses about any business idea you like.
What is passive income?
Passive income is having many sources of income. These sources generate real money for you without working such as rental property, writing books, having an enterprise and many other income sources 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.
This means you make more money without working hard. Your money or your investment work for you instead.
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.
Enjoy your life as you want.
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 like and avoid you many problems.
What are these 7 smart passive income ideas?
To live as you like, you should try these powerful income opportunities because they work:
1- Elearning business opportunities
Elearning is booming industry that has a huge audience all over the world. This audience needs more elearning products and services to learn new skills and improve their level.
According to elearningindustry statistics:
- 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 education 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.
So these stats show that the opportunity is very profitable. You can target this elearning niche through offering tools, courses, templates, ebooks and many other elearning products. This is perfect for students and teachers.
Elearning is the best passive income business
To avoid competition, you can focus on local markets because there are more opportunities and profits. This will help you to easily rank your local business higher on Google. And then you can generate more authority, trust, leads, sales and profits. You need just to offer what people desire.
People want to improve their learning levels through using high quality sources and online tools. If you offer them what they are looking for, you win the game.
The profit is really huge in this business.
2- Information products income
Infor products like ebooks, online courses, templates, webinars… are the easiest passive income you can leverage to 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, build their email list and 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 info products. This will help you to easily create your smart passive income and work less or even turn it to a system to generate profits without your active presence.
Memberships is another best way to generate passive income because there is a huge demand online. You can also use these sites to teach your audience everything such as: Photoshop classes, graphic design, logo, web develop, copy writing, cooking classes, coaching, body building classes and much more.
Then you can add more stuff to these classes to create unique business. This will increase the value of your memberships and dominate your industry.
Thus, education industry is full of ecommerce ideas which you can leverage and turn them to goldmine. There is no limit with education business. You can find many easiest online business to start your journey in industry to avoid the competition and build your powerful passive income as well.
And these online stats state it:
- 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.
The best, memberships websites start at $5 a month and go up to $250 according to high quality services. You need just build professional team to easily handle all the task. You don’t need to do the whole work. Also, you can use more marketing tools to do the whole work automatically. This will save you money, time and efforts.
So don’t waste your time and start your best passive income investments!
4- YouTube Channels income
YouTube channels are very profitable because people love videos more than text content. And YouTube is the best platform that offers amazing user experience. That’s why, people like YouTube as the best video platform on the web according to these insights:
- 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!
Also, Google statistics state the power of YouTube:
- 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.
So this huge number of users make YouTube the best online platform for video. This platform can easily rank your business and reach unlimited users all over the world because YouTube is the second search engine online after Google.
For this reason, all companies and marketers use YouTube to market their business and get more profits.
YouTube is amazing internet business idea
So you can build amazing YouTube channel and offer useful content that solves your audience’s need. This can help you to create the easiest passive income. You should just offering good content that your audience needs to fix their problems.
Today, there are many marketers who generate good income online just from their YouTube channels by offering 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 big industries such as: teaching and elearing business… Here, some good ideas for YouTube channels.
Thus, YouTube is a great marketing platform to build your smart passive income and live better life.
5- Ecommmerce websites income
Today, ecommerce is very profitable. As, Many marketers generate huge revenue form this industry. This means you should focus on ecommerce to build your income streams because there are unlimited ecommerce ideas to leverage.
According ecommerce statistics:
- 78% of retail businesses had planned to increase their ecommerce budget.
- Amazon is the leading online marketplace.
- Consumers spent more than $861 billion dollars online with US retailers.
- 69% of books, music and videos are purchased online.
This means e-commerce is a profitable online business to build your passive income because this industry is growing despite of the world health crisis. People spent more time and money on ecommerce websites like Amazon, Aliexpress…
So this is top online business 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…
Fortunately, these ecommerce techniques can avoid you hard competition and save you more money and time and then you can easily build strong passive income.
You should just create your store online, look for what people need and start your journey. Also, you can learn everything about ecommerce industry in YouTube videos 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 ideas
Affiliate marketing is huge industry to start your journey, even if there is a huge competition. But you can success in this industry because there are huge products and services to promote to the right audience and earn your commission.
Almost all companies from different niches have their affiliate programs that offer you a huge opportunities to avoid the competition. As, you can find products or services to easily promote and make real profit. You should just find what people need and then you offer them what they need.
According to these affiliate stats:
- Over 84% of publishers join affiliate marketing.
- 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 online. You need just to reach the right audience with the right product or service. You can also leverage these great niches to begin your affiliate business.
Here are some largest affiliate networks which you can use such as: Amazon associates, ShareASale, ClickBank… Also, you should focus on some best affiliate programs that will pay you high commission, even if the competition is very hard like: web hosting websites.
Also, there are many paid and free courses to learn everything about affiliate marketing. You have all tools you need to success in this big market. You should just search online for any affiliate sources you need.
7- Selling logos opportunity
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 these logo stats:
- The Coca Cola log is recognized by 94% of the world population.
- 75% of people recognize a brand by its logo.
- 42% of costumers believe a logo effectively communicates a brand’s personality.
- 78% of consumers believe that brand logos are a work of art.
- Small businesses will spend between $300 to $1300 on their logo
- 73% of customers are more likely to buy from a brand that they know.
- 95% of top brands only use two colors in their logo.
This means you can generate income online, if you offer high quality logo design because the demand is huge.
Fortunately, you don’t need to be a designer to create professional designs. You can just use the best logo maker to create awesome designs and graphics for any business like this great design tool to create amazing logos for any offer because you get all features you need. Then you can easily sell these logos and create your passive income as a professional designer.
So Logo is another most profitable online businesses, you leverage to generate passive income if you provide high quality products.
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These are 7 smart passive income ideas you should leverage because they work and many marketers had used them to build powerful income online.
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.
Also, you don’t need the big budget to start your journey. You can begin with little one and then grow your business.
Thanks for reading, commenting..
Which idea do you find more profitable to build your passive income?