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Table of Contents
Passive Income Reddit Overview
Passive income is a type of income that you can generate in a steady and recurring manner without having to spend a lot of effort in getting the money to flow in.
How can you create passive income?
In this article, we will look at the different ideas that are discussed on Reddit.
You can find a lot of personal finance and passive income threads on Reddit.
The one that you may find the most relevant to passive income is r/passive_income titled Passive Income on Reddit.
Wouldn’t be great that you can generate cash and build a steady stream of income for yourself that pays you on the clock, every day, every night, no matter what you do with your personal life!
Although this sounds like a “get-rich-fast” scheme, it actually isn’t.
By reading through Reddit comments, advice, and tips, you may find an answer to the following questions:
- What are some good passive income ideas?
- What are the best passive income opportunities to consider?
- How can you make passive income?
Let’s look at the best money tips found on Reddit.
How To Make Passive Income Reddit
The question is: how can you earn money without having to work your butt off every day?
There are many tried and true ways to generate passive income on a regular basis.
On Reddit, there are many people who share their ideas on how to generate passive income.
You have the “passive income Reddit” and many subreddits that can give you many inspirations (or pitfalls to avoid) to get you going.
Let’s look at the different ways how you can make passive income by summarizing some of the information found on Reddit.
Affiliate marketing is the process of promoting someone’s products or services in exchange for a commission when a sale is made.
That’s the most common form of compensation paid by affiliate marketing programs.
In some cases, you can generate a commission or get a fixed fee for sending qualified leads to a company.
If you have a blog bringing you a good amount of traffic or you have a niche website, you can further monetize your traffic by referring products and services to your audience.
It’s important that you do not just refer anything to your audience just to earn a few extra bucks.
Remember, your reputation is on the line here.
Those who truly provide value to their audience by referring products and services that are legitimate, valuable, and worth it, their audience will appreciate that and come back for more.
Those who have a large following on social media or have a lot of traffic on their website or blog can make a substantial amount of money with affiliate marketing.
Airbnb Room Rentals
Renting a room or your house on Airbnb can be a way you can generate income and give yourself the extra cash you need to fund your life or projects.
If you have a spare bedroom in your house that you can rent out (and you don’t mind having people come into your home), you can earn some extra cash by using platforms like Airbnb.
You can also rent your entire home if you will be away for some time.
This type of income stream takes time and effort to manage as may be dealing with people who will come to your home for a short period of time, but it can be interesting.
Create An E-Commerce Site
If you put your time and energy to build an e-commerce website, you can then start selling products online.
You can use your e-commerce website to either sell your own physical products or sell products using the dropshipping model.
Dropshipping is to sell products manufactured and delivered by another company.
You are essentially generating the sale and the manufacturer then takes care of the product delivery and shipment (the entire logistic is handled for you).
Create Digital Products
Creating digital products means that you create something like an ebook, printable documents, worksheets, guides, or other digital products that someone will be willing to pay to purchase.
Granted, creating a digital product that others are willing to purchase may not necessarily be easy for everyone to achieve.
However, if you find a niche or segment of the population with a specific need that you will help satisfy, you can generate a stream of income by selling digital products.
Since you do not have to incur any overhead costs, shipment or delivery costs, or other expenses, you can earn high profit margins and make money indefinitely (for so long as your digital product is relevant, satisfies a need or solves a problem).
Create Online Courses
Many Reddit users talk about making money with online courses.
Creating an online course is a great way to earn some money by helping people with a particular topic, provide a solution to a particular problem, or teach them something new.
Is there a topic that you feel you master well and you can teach others?
If you have some skill, knowledge, or expertise, you can create an online course and sell them to those eager to learn.
Thinking about your course content, the subject, the material you want to teach, creating the video, and hosting it does take an important amount of time.
However, if you have the dedication and patience to do it, you can truly earn a good amount of money in the long term.
If you have your own website where you sell your course, you can make good money.
You can also sell your courses using platforms like Udemy, Skillshare, or Coursera.
Create YouTube Videos
Creating YouTube videos can generate an awesome stream of income if you are able to upload videos on topics that interest YouTube users and get many views.
The trick is to get the views.
If you approach YouTube video creation in a strategic way, you can expect to earn a decent income, every day, entirely passively.
You can monetize your YouTube videos by partnering with YouTube to get a fixed amount of money per view of your video (you’ll need to qualify for that by having at least 10,000 channel views), link your account to Google AdSense to have advertisers place ads, sell your products and services, or put affiliate marketing links related to your video subject matter.
There are many online entrepreneurs that are generating thousands of dollars every month through their YouTube videos.
If they can do it, you can do it too!!
Develop Mobile Games
Those who know how to write code to develop games can surely use their skill to generate passive income.
You can develop games users can play on their mobile device and pay a small fee for downloading or to obtain credits as they play the game.
In addition to the fees you can generate with the game itself, you can earn advertisement income by having ads placed throughout the game.
Invest In Dividend Stocks
One area that I particularly love and currently make passive income is to invest in dividend paying stocks.
Dividend stocks are shares of stock in publicly traded companies that pay dividends on a regular basis to their stockholders.
Typically, mature companies in stable industries tend to pay regular dividends like bank stocks, consumer good stocks, utility stocks, and so on.
If you pick the right stock that pays you ongoing dividends, you can not only earn passive dividend income by investing your capital but you can also potentially see an increase in the price of your stock.
You’ll benefit by getting cash flows for the time you hold the stock and earn capital gains when you sell your stock at a price higher than what you bought it at.
Invest In Mutual Funds
A mutual fund is an investment fund pooling investor money to buy stocks, bonds, real estate, or other assets.
A mutual fund is a great way for an investor with a small amount of money to invest in a well-balanced and diversified portfolio of investments.
You can have the mutual fund investing in stable and safe stocks giving you dividend income potential along with steady capital growth over time.
Some other mutual funds may invest in more conservative investment instruments like government bonds or corporate bonds issued by well-established corporations.
By investing in a good mutual fund, you can see your money grow over time and potentially earn some dividend or interest income along the way.
Invest In The Stock Market
Investing in the stock market can be a great way to build yourself a steady source of income and wealth over time.
By investing, you are using your available cash or capital to generate a return or profit.
In other words, you are looking to have your money work for you.
Investing in the stock market is principally the process of purchase shares of stock in publicly traded companies.
For example, you can buy shares of stock in banks, technology companies, consumer good companies, insurance companies, and so on and keep the shares for several years to see them appreciate in value.
You are not generating a cash flow by investing in stock but you are looking to buy the stock today and sell it at a later date for a profit.
Investing in the stock market is a great way to diversify your investment portfolio and complement your other passive income investment strategies.
Peer-to-peer lending is the process of you lending money to another individual who needs some.
The way you generate income is that you charge interest on the money you lend.
In other words, the borrower will need to pay back your money along with interest (representing the profit on your capital).
Peer-to-peer lending is a more risky business venture as you are lending out your money and hoping that the borrower will reimburse your principal and interest.
You may need to deal with delinquent payers, borrowers with bad credit, borrowers that don’t pay at all forcing you to take action against them, and so on.
Overall, you’ll need to carefully evaluate this investment option as it could be a good way to generate passive interest income provided you know exactly what you are doing.
Publish An E-Book on Amazon
Do you know something interesting on a particular topic?
Are you an expert in a certain field?
Can you write on a topic that can interest readers?
If so, you should consider writing a e-book and selling it on Amazon or similar platforms.
If you have a clear idea on what to write about, I strongly urge you to put your mind to it and start writing your book.
If you are just starting out, keep your book short and on topic.
If you don’t have any ideas on what to write about, you can scan the different e-book categories on Amazon, look at the bestseller topics and make a choice.
Writing an e-book that sells can potentially earn you a really good, strong, and consistent stream of income over time.
If you write on an evergreen topic, you may earn an income over a very long time period.
Real Estate Investment
One great way to generate a steady stream of income by putting your money to work for you is to invest in real estate for the purpose of generating rental revenues.
Rental properties are real estate assets that you purchase and rent to others creating a source of rental revenue (which is a passive stream of income you earn with the passing of time).
Investing in real estate properties should be done carefully so you have a good understanding of the rewards that you will reap but also the risks that you will assume.
You will also need to accept the responsibilities of being a landlord, managing your tenant, and taking care of their needs (and the property).
Finally, you may need an important amount of capital upfront to be able to make the acquisition as good real estate properties are generally quite expensive.
If these variables are something you can handle and afford, investing in real estate rental revenue properties is a tried and true way of earning revenues over time.
Rent Your Car
Do you own a car that you do not use all the time?
Are you looking to make some money with your car?
Well, if you don’t mind renting your car out and you’ve checked the legalities of it in your jurisdiction, you can earn some extra money this way.
You have sites like Getaround or Turo that are the Airbnb-type of platforms for renting cars.
Go ahead and list your car to earn some extra cash.
However, be sure you know what you are doing as your own car may be leased, the laws may not necessarily permit private car rentals and so on.
Are you able to create illustrations using software like Cinema4D or blender?
If so, you have the opportunity to create illustrations and upload them on stock photo sites to earn money.
Just like those selling their photos to earn money, you can sell your illustrations to earn money.
There are millions of websites out there and companies that need illustrations for their blogs, websites, landing pages, and for their promotional needs.
If you have the skill to create illustrations that stand out, you can surely make a good amount of money selling them.
Selling software can be quite a profitable venture for many.
Are you able to write software code?
If you’re a developer or know how to write software, you should definitely use your skills and develop something that solves a problem or provides a solution to people.
By selling your software, you can either earn a one-time license fee or you can “rent” your software as a subscription (software-as-a-service model).
If you are not a developer and don’t know how to code, you can also find freelancers to write the code for you.
Make sure that you own the intellectual property rights on the software so the freelancer does not walk away with your idea!
Start A Blog
Starting a blog is truly an amazing way to generate passive income.
I’m saying based on personal experience here.
I have started several blogs that are generating amazing income to me every month.
It’s like my blog is printing me money.
Don’t get me wrong, this does not mean that I did not work hard to earn the money (that’s far from it).
To start a blog, you need to build your website, create your logo (if you want to appear more professional), write articles, host your site, purchase monthly subscriptions to various tools to help you write great content (things like keyword search tools), and so on.
What’s also important is that took me many months of hard work of writing a blog article every day to eventually get enough traction to earn a small amount of money.
Eventually, with time, your blog can generate more and more income reaching a point where you can even say that you could become a full-time blogger.
If you are up for it, start a blog, put in the time and effort and you will eventually reap the reward.
Start A Website
If you can start a website, perhaps a niche site, it can be a great way to generate passive income.
Creating the website, in of itself, is not an income-generating activity.
When you build a website, your objective is to eventually perform certain activities with your site that can drive revenue to you, such as:
- Selling your own digital products
- Earning advertisement income from the traffic on your site
- Affiliate marketing commission by promoting the goods and services offered by others
- Implementing a blog to generate leads and traffic to your site
- Sell online courses
- Build recurring subscription fees
- Build an email distribution list to advertise and promote products
There are many ways you can monetize your website to earn an income.
Many successful people who have earned money from their website were able to successfully earn affiliate marketing commissions (by sending buyers to Amazon for example), selling online courses, generating referral fees, and monetizing in creative ways.
You can read about many people’s success stores on Reddit or online who have truly earned significant sums of money, totally passive, from their website.
An interesting way to earn money that Reddit users have talked about is to purchase vending machines and selling through them.
The idea is to find a way to place a vending machine in a place where you can expect a lot of traffic where people may want to purchase something from the machine.
Typically, a person would buy a drink, coffee, or something to eat from a vending machine to avoid having to go far to get the same thing (you are offering them the convenience to quench their thirst quickly or satisfy their needs).
Since you are offering a person convenience, quick access to something they need, you can charge a premium.
Reddit Passive Income Takeaways
So, what are the ways to make passive income Reddit?
The first thing I have to say about generating passive income is that it’s truly a wonderful and most amazing way of earning income.
You can build a passive source of income to complement your wages, salary, or to fund extras in your life.
You can also strive to build passive income streams to give yourself financial freedom, quite your day job, and dedicate your time to things you truly enjoy in life.
No matter your motivation, it is possible to achieve the life that you want if you are smart, strategic, and dedicated.
The second thing that I have to say about “passive income” is that you need to work hard to make it happen.
Although we have covered many passive ideas found on Reddit in this article, it does not mean that they are risk-free, easy, or something you can start today and earn income tomorrow.
If it was that easy for someone to create wealth and income, we would all be rich today and you would not even need to read this post.
The truth is that you need to put in your time, effort, capital, and energy.
You need to make sacrifices to make things happen as you are competing with many smart and dedicated individuals.
What you do to stand out is what is going to drive your success.
I hope you found some amazing ideas to start your passive income generation journey.
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