Passive Income Strategies

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Rent Anything

Renting out something you own takes little upfront work and can yield a stable monthly income. One of the most popular ways to do this is to rent out a spare room--or your entire home--on Airbnb. But there are plenty of other things around your house or apartment that you can rent.

Invest in Unique Real Estate

Renting out a house to monthly tenants can turn a profit, but it can cost hundreds of dollars once you take into consideration maintenance, property management fees, and the mortgage.

While it's not a bad place to start, you can up your game and crowdsource real estate investing. Spend just $5,000 with a site like RealtyMogul.com (as long as you meet the site's participation criteria), and start investing in properties while someone else deals with all of the hassles, from sanitation to upkeep. It's also one of the few ways to invest in commercial real estate rentals without needing to be a multimillionaire.

Launch a Microbusiness and Outsource It

Entrepreneurs often suffer from dreaming up too many ideas with too little time to execute. Do some hustling to get that simple, straightforward, and irresistible-to-customers microbusiness off the ground. This could be anything from content marketing for startups to developing simple websites for dentists' offices.

Once you've got the details ironed out and a few clients lined up, outsource everything, from project management to writing, on a site such as UpWork. The idea is to find reliable virtual employees who can take over the running of the business for you, so you can check in once in a while and spend the rest of the time building your next business.

Launch a YouTube Channel

If you own a camera and have some basic video editing skills (or you’re willing to learn a few tricks), then you can set up your own YouTube channel in minutes. There are thousands of people around the world making money from their YouTube channels with a variety of videos.

Create an App

Creating an app doesn’t cost as much as it used to, so don’t assume you need to shell out thousands of dollars to design one. In fact, if you’re willing to learn the process yourself, you could eventually code your own application.
The key is examining different markets, or thinking about different areas of your life, and finding a problem. More specifically, you want to find a problem that doesn’t currently have a suitable solution. Research what kind of mobile application you could create to fill a need or a gap in the market. This is the same approach inventors take when developing new products.


Passive income can work for you, regardless of if you have millions of dollars to invest and no time to spare, or $0, ample free time, and a spark of ingenuity.
While they might take some funding and fortitude to get started, the moneymakers on this list will continue to earn you money long after you’ve put in the work.
So look at what your working with: establish your financial goals and decide how much time, effort, and money you’re willing to put into your venture.
Whether you choose to invest, buy a business, outsource your own, or get paid for your daily routine, you can prosper from passive income.