List of passive income ideas, sources, assets

Passive income is that money which you earn without active participation in the work or giving your full time. This income is considered to be stress free income. Diversifying your income sources is the need of the hour. To protect yourself from financial crisis and to attain financial freedom, you must need some sources of passive income. They also reduce your dependence on a single job.

Dividend income

Dividend income is the most easiest and best way to have passive income. You just have to open a demat account and buy some high dividend yielding stocks. So when the company you bought announces dividend, then it will automatically get credited to your bank account.

Capital gains

Capital gains are also related to share market. For these also, you have to open a demat account and buy some stocks for some period. When you feel the stock has reached its full at potential, then you can sell the stock and its profits is considered as capital gains.

Rental income

In this , you rent your property or any equipment like car, JCB, camera, bike, trekking equipment etc to some tenant and receive rent on regular basis.

Affiliate marketing

It is a marketing strategy where you earn a commission by promoting other's service or product. Payment will be based on the sales you generated.

Online tution or coaching

If you are good in academic and want to have some side income to meet your expenses, you can start with online two tution and earn money sitting at home.

Web designing and blog writing

If you have the ability to design websites then you can earn money by creating simple websites in your free time. you can also earn by writing blogs about the knowledge you have about website development.

YouTube channel

Starting a YouTube channel is much easy then you think. Select any niche of your interest and start uploading videos related to that regularly. Soon you will see things coming through your way.

Cloud kitchen

Cloud kitchen are commercial kitchen designed in home only that prepare food for delivery without any physical dining space. They are very cost effective also as they do not need any dining area, rent, staff etc. so this lead to higher profit if cooking is your hobby. Then you can go for this option and can earn few bucks in your free time.

Create an app

If you have the skill to develop mobile apps or website apps, you can generate passive income by showing ads on your website or app, it can generate income for you while you're sleeping as well.

Resale on online platform

In this, you will have the benefit of arbitrage i.e. the difference in your purchase and sales. For this, you can resale on online platforms like Amazon, Flipkart, Shopify etc. This will work only if you are purchasing at low price and selling at high prices.

Create an online course

You can create any audio or video course based on your interest and can sell that course on sites such as udemy etc.

Invest in real estate

If you have huge capital then you can buy a property and sell the same when prices has reached at your expected levels. In this way you can earn a huge amount. The only drawback of this idea is that you need huge amount of money for this.