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10 Passive income making ideas for 2022

Updated: Jan 6, 2022


We all wish to make more money in 2022 but seem to run short of ideas on how to put our energies at work to make our dreams come true.


If you wish to generate a massive decent amount of passive income on the internet but you have little or no knowledge of how to do it. Continue to read on to update yourself on how to safely and excitingly do it anywhere you find yourself in the world.



 

What is Passive income?

Passive income is income that requires minimal labor to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income. Examples of passive income include rental income and any business activities in which the earner does not materially participate. Passive income comes with little to no active work on the part of the individual. While passive income can be lucrative, and should be an essential part of any individual’s wealth plan, “passive” does not necessarily mean “easy.” Many sources of passive income require high initial investments, either of time or money.


How to make passive income.

The effort needed to start a Passive income streams could have several varying levels of difficulty yet it could be amazing and fun to handle. Everyone could become an overnight millionaire if passive income streams were as easy as ABC. In most often than not, passive incomes requires a person to have 3 main things: 1. Knowledge, 2. Time, and/or 3. Money. Depending on a persons capabilities, some could have all three, whereas others would have either two or one. You need to learn a lot about the passive income source in order to make money from it. People who invest money at the stock market because everyone else is doing it usually end up not doing well as compared to those who take time to learn the needed technicalities that governs it. For all kinds of passive income ideas listed, this fact applies to it.


Passive Income Ideas

1. Making YouTube Video


Starting a YouTube channel is as easy as creating a Gmail account. Anyone with access to the internet and an android phone can hop onto it and start making videos. But if you wish to make a decent amount of income from making YouTube videos, you need to get your channel to have a minimum of 1000 subscribers and 4000 hours of video viewing time. Click on the section image to see the latest requirements needed to qualify for the YouTube monetization program. IT takes hard work to reach the monetization milestone, but once you attain that height, videos that you made years back would continue to fetch you money always. Take time to analyse some interesting areas you could exploit. Ranging from food videos, gaming, travel, etc.

2. Making YouTube Shorts/ Instagram reels/ Tiktok


YouTubers in select countries can vie for a piece of the $100 million YouTube Shorts Fund — if their creations rise to the top of the heap of the most-viral clips.

Every month, YouTube says, it will select thousands of eligible creators to claim a payment from the fund, which marks the first step in its efforts to monetize the short-form, TikTok-like video feature. Creators who meet the criteria can make anywhere from $100 to $10,000 based on viewership and engagement of their Shorts, which can be up to 60 seconds in length.

The $100 million YouTube Shorts Fund will be distributed through the remainder of 2021 and into 2022. YouTube says it will notify creators who qualify for a bonus payment from the Shorts Fund the second week of each month in the YouTube app; they will then have until the 25th of the month to claim the bonus payment before it expires.

3. Start a Blog


Starting a Blog is pretty straightforward. You buy a domain name and write some stuff online that people hopefully read. The more people read, the more money you make. You can make money from display advertising, affiliate marketing, coaching, speaking, and about a billion other things.

Some of these things, like advertising or affiliate marketing, are passive.

Blogging requires a bit of research sometimes. But with tones of knowledge all over the internet, you can start creating your posts online as soon as possible after buying a domain and hosting your site online. Follow my videos on how to create your own blog on my YouTube channel (BossOpinion).

4. Write a Book


Set your creativity into profit by writing a book and publishing it online. Amazon has recently made it very easy for anyone to self publish their creation without much stress. Self-publish eBooks and paperbacks for free with Kindle Direct Publishing, and reach millions of readers on Amazon. Some benefits you could derive from using the Amazon KDP are

Get to market fast. Publishing takes less than 5 minutes and your book appears on Kindle stores worldwide within 24-48 hours.

Make more money. Earn up to 70% royalty on sales to customers in the US, Canada, UK, Germany, India, France, Italy, Spain, Japan, Brazil, Mexico, Australia and more. Enrol in KDP Select and earn more money through Kindle Unlimited and the Kindle Owners' Lending Library.

Keep control. Keep control of your rights and set your own list prices. Make changes to your books at any time.

Publish in digital and print. Publish Kindle eBooks and paperbacks for free on KDP.

Get started today! Self-publish with KDP for free. Learn how easy it is.

5. Selling products online


The pandemic has taught us a lot about how online sales can easily boom. Amazon alone recorded billions of dollars in revenue in 2019 for the exponential increase in sales on the internet via its store due to the global lockdown. Luckily, anyone can start an online business with or without money and depending on the style and the amount of income you desire to gain in the end. I have put up a step by step video on how to make it online as a salesperson. Some of the common approaches of selling online are to join the Amazon FBA program, or by opening your own online store and drop shipping, or by having your own online store and warehouse to handle the logistics and delivery services.

6. Sell Stock Photos

If you own a phone with a camera, there are a good number of ways to make money from taking photos and selling them online. This step by step guide would get you started with little or no experience. There’s a good guide to it here.

7. Invest in Stocks online


The stock market could be very intimidating to a lot of people all due to the massive myth surrounding how it operates. When One gets a clearer understanding of how it works, it becomes easier and even fun as you start earning massively from it.


It is important to understand how to get started by opening an account with an online stockbroker, knowing the various assets you can purchase, the risks involved and the amount of money needed to be risked in the entire dealings on the stock market. A video by Ali How to Invest for Beginners (2021) - YouTube would easily usher you into the stock market with little or no experience.

8. Renting property online (Airbnb)


If you own a property, chances are that you look for a tenant to rent it and either take a yearly advance or monthly rent. However, there is a growing lucrative trend of property owners listing their assets on Airbnb where travellers, tourists and holiday folks hire the place over a short period of time. In many cases, the Airbnb income stream could surge exponentially when there is high demand.


However, there has to be a property maintenance strategy for your property in order for it to meet the Airbnb standards. You can give it a try if you own a property and there isn't anyone renting it. Or you could also help property owners who are interested in this approach list their assets on Airbnb and charge a commission.

9. Create an Online Course

So long as you are capable of giving a piece of advice to someone, I believe you are equally capable to start an online tutoring business. Most times, we underestimate our teaching experience partly because we have no idea how to document our knowledge into videos and systematically make it available for others to purchase it online. Platforms like Udemy or Skillshare are ready-made to bring your knowledge to the world.

HOWEVER, the online course market is well saturated. So I would suggest that you focus on building an audience and finding a great niche before embarking on such. But if you can find an audience who wants to learn from you, an online course can be a great way to make a decent amount of money on your hard-earned knowledge.


10. Write Code


using System.IO;
....
Directory.CreateDirectory(@"c:\temp\a\b\c\d\e");


This point is meant for the tech experts who are into programming like me. You can create an account on https://www.fiverr.com/ and render freelance programming services to earn a decent amount. There are lots and lots of demands for people to create games, websites, applications and many more. You could be at service for such demands online and earn a passive income out of it. Though it requires a bit of intellectual knowledge to get started. I believe anyone who can do simple mathematics could easily teach themselves how to code and make a living of it. Look forward to a video about this topic on my YouTube channel (BossOpinion) soon.


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4 comentarios


Stephen Gyempeh
Stephen Gyempeh
11 feb 2022

Worth reading!

I enjoyed every section of the write up

Kudos!

Me gusta

Karthikeyu Busa
Karthikeyu Busa
05 ene 2022

Wow.. Thanks for the information Franky!

Me gusta

ajoke sulaimon
ajoke sulaimon
04 ene 2022


Me gusta
Frank Mensah
Frank Mensah
04 ene 2022
Contestando a

Thanks so much AJ...

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