While we are trying to adapt to the new normal, there are still things that will never change. That is earning a living. If we can earn income even we are not working actively, does not that sound good? Here are some thoughts for your consideration.
1. Start a blog, and earn advertising income.
Depending on your interests, and expertise, you can set up a blog and share your experiences with your audience. You can do a text-based WordPress blog, or a video-based blog on YouTube.
If you are a frequent traveller, surely you have a lot to share about your travelling experiences. Last year, you might not be able to travel as much as before. However, you might have a lot of nice photos and videos taken during previous trips. Some of the cool encournters you have experienced, a lot of people might be interested. You can monetise it by applying for ad programs such as Google Adsense, or WordPress Ad.
If you are not sure how much people earn in a year, below are the top 10 earners in year 2020. Having a fraction of it as passive income is still not too bad.
Top 10 highest-earning bloggers
- HuffPost: $500 million per year
- Engadget: $47.5 million per year
- Moz: $44.9 million per year
- PerezHilton: $41.3 million per year
- Copyblogger: $33.1 million per year
- Mashable: $30 million per year
- TechCrunch: $22.5 million per year
- Envato Tuts+: $10 million per year
- Smashing Magazine: $5.2 million per year
- Gizmodo: $4.8 million per year
If you are fancy about video blog, there are also some interesting channels that are quite niche.
So, what is your niche areas or interests?
2. Sell Online Courses – why and how
One of the best passive income ideas is selling access to courses or guides to an audience that needs such content. If you have expertise on any subject, this can become of the best passive income streams for you. This can be a lot of work up front, but once an e-book or an online course is created and marketed, it can provide you with a passive revenue stream for years.
If you are fancy setting up an online course, but not have a lot of ideas, you may find below some references.
Once you decide the topic you are about to set up, what’s next is to select a platform that fits you.