Top 10 Passive Income Sources (Various Sources to Suit Everyone)

 I've been thinking for a long time how to get money without making any effort to get rich! One of my friends advised me to look for sources of passive income, but I did not care, because my thinking was not serious, it was not planning on paper, but just fantasies in my mind.

This continued until I found my neighbor's heirs a few weeks ago on their return from court, and through our conversation I understood from them that ten years ago their father had invested fifty thousand pounds for him in a property with some of his relatives, and now his income is 10 thousand per month!

When the real estate was cheap, my neighbor invested a small amount, now the real estate is in a special place, which increased its price when renting and selling, so renting one floor in this real estate became worth 10 thousand pounds per month!

He unconsciously created for himself and his children after him passive income, that is, money that comes without continuous work, even while you are sleeping! but how? Basically what is passive income? What are the sources of passive income?

Regarding what is passive income, we have published an article about it, and I advise you to read it immediately after this article. As for the sources of passive income, this is our topic today.

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Top 10 sources of passive income in 2023

1. Real estate

Passive income can be a great way to supplement your current income, help you create cash flows to help secure your retirement years, and build wealth for the long term.

One of the most popular ways to generate passive income from real estate is through rental properties. Well-managed investors can make a steady return on rental income, while they also have the option to make improvements to the property and sell it for a higher price.

It's been rumored that working in passive income investing requires little or no work, and that's a bit relative, because you'll also need to strategize how you manage your tenants, financing, paperwork, and the property itself.

As you can see, passive income real estate is a complex process for some people, but keep in mind that this is a one-time job.

You can get passive income from real estate by renting it out:

as residential buildings

Commercial buildings

storage places

It is worth noting that my neighbor has invested in commercial buildings, and now, due to the prime location of the property, a large company has rented it from him for a valuable amount on a monthly basis.

Listen to this video, it will help you a lot about generating profits and passive income from real estate!

2. Vending machines

Vending machines have spread a lot recently in the Kingdom of Saudi Arabia, due to the youth's pursuit of better income opportunities, especially with the current economic situation.

What distinguishes these machines is that there is no need to sit next to the machine. Leave it in a place where there are many people, and it will make you money without your effort.

You can sell many products through vending machines, including:

Soft drinks of various kinds.

Coffee and tea, and the processing of the order will not take more than a minute.

Selling packaged foods such as chips.

Among the advantages of vending machines:

Not needing someone next to her.

Work 24 hours a day and night, because it works by electricity.

Obtaining a large and certain return, especially when placed in large stores or in front of educational, commercial and service facilities.

The possibility of moving it from one place to another, it is more like a mobile store.

You can see the types of vending machines by browsing Amazon or other online stores, choosing what suits you best in terms of the price and the request submitted, and then choosing where to put it.

3. Passive income from NFTs

Non-fungible tokens or NFTs are non-fungible, meaning that they are unique and nothing compares to them in value, for example: if you have a Bitcoin currency, you can exchange it for a Bitcoin of equal value, but if you have a board, you cannot exchange it for a board like it, because the board is basically It is something unique and unrepeatable.

More clearly, the Mona Lisa is a unique, non-replaceable painting, because there is no substitute for it in artistic value, and there is no copy of it equal to its value.

Non-fungible tokens are any creative digital product whether it is a video, photo, painting, tweet.

For example, the tweet of Twitter founder Jack Dorsey, the first tweet on Twitter - which is one of the NFTs - was sold at a price of $ 2.5 million, which are things worth owning.

If you are an illustrator or love making videos, you can enter the world of NFTs, display your work and sell it at high prices, of course you are wondering; Why would someone buy it when they can download the drawing online?

In fact, the value of these tokens is in owning the original, just like selling real paintings. There are some people who like to own paintings either to show off or have a passion for this art.

The real value for them lies in owning this piece of art, knowing that there are many pictures of this painting available online to anyone, but the value in owning the original.

Also read: Ways to profit from NFT (6 different ways explained)

4. Affiliate marketing

Affiliate marketing is one of the most important sources of passive income. Affiliate marketing is intended to market a currency or product for the benefit of a specific company or person in exchange for an agreed amount of money on each successful sale.

Most people think that this method depends on working permanently, and continuous publishing through digital communication platforms, but in fact you can use methods that are considered passive income such as: email marketing, content marketing on your blog.

Email marketing collects a large number of email addresses of people with the same interests, in several ways, including:

Creating a blog in which the postal newsletter will be added, thus it will collect the e-mail addresses of those interested in the topics of the blog, and then send them advertisements for products related to these topics, and whenever someone buys a product through the links

Sent A percentage of the money will be added to your account (commission on your marketing).

For content marketing, it is also by referring to paid products and services through the content you provide on your blog.

Here we are talking about the content provided through the blog in particular because it has a longer life, compared to the content of digital communication platforms that appears for a while and then disappears.

Note: There are services that provide commission marketing programs that pay a commission every time the subscriber renews his subscription. If you access these companies and are able to achieve sales for them, here you will literally get money while you are sleeping and without any additional effort.

5. Blog building

I have a friend named Ahmed, at the beginning of his university studies, he created a blog on Blogger, and he basically does not know what Blogger is, he only heard advice in an educational clip about the importance of creating a blog for profit from the Internet.

Ahmed is now taking charge of an entire family through this blog, in which he spent time and effort in the beginning, and now he is reaping money and comfort from that, and he is devoting himself to his family.

There are several ways to earn from blogger:

Earning from Google Adsense ads.

Sell your own product.

Affiliate marketing.

That is, you write a number of articles, and add within them links to some products related to the topic, and when each person purchases through this link, more money will be added to your account, in addition to the Google Adsense ads that are displayed on the blog.

These are rich resources that will help you learn more about earning by creating a blog:

What is a blog, how to profit from it, and how do you own one

How to create a blog and profit from it (comprehensive practical guide)

How to Select a Blog Idea (How to Choose a Niche)

6. Online courses

You can share the knowledge you have in the form of online educational courses, such as the famous content creator Ahmed Abu Zeid, founder of the online lessons channel.

Recently, Ahmed Abu Zaid was talking about the Notion app a lot, which indicates that he has great knowledge about this application, and this made him register a training course to learn Notion, and it is now one of the most successful courses on the Udemy platform.

Doing training courses and profiting from them is easy if you have experience in a field, whether it is your field of work, your studies, or even a field you are passionate about learning about.

You can benefit from selling courses in:

Provide a source of passive income.

To become known in your field, and thus spread your courses more, and achieve a greater return.

Increase your knowledge, yes, you will increase your knowledge, because you will search and learn more in order to produce a distinguished course.

In order for the course that you offer to be worth buying, it must have some characteristics, including:

The value of the cognitive course: It adds valuable information to the buyer, helps him improve his professional or personal capabilities, and increases his efficiency.

There is a good demand for the field of the course: there are those who want to know more about this field, and are ready to buy a course about it.

To have the skill of communicating information: Attendance, presentation, and communicating information in an easy and enjoyable way are essential elements for the success of your course.

You can read our article on winners on how to profit from selling courses with detailed practical steps

7. YouTube channel

Investing in creating a YouTube channel may be difficult for many people, because you will spend a lot in order to achieve the conditions for profit from YouTube, so I recommend to you other ways to profit from YouTube, and it is one of the short clips that you can use in commission marketing.

The key to successful YouTube marketing is creating and sharing videos that people want to see.

You can sum it up in four steps:

Define a target audience for your channel, interested in videos on a specific topic.

Create entertaining and informative videos for your target audience about this discipline.

Find products that might interest your target audience and offer affiliate programs (only products related to your channel's niche).

Create and upload relevant videos related to the products you affiliate.

Channel content can be in the form of:

Reviews of these products.

How-to videos with some tips.

Tutorials, which can be in the form of small courses.

Unboxing videos, if they fit your niche.

You can read dozens of articles on the Gainers website about making money from YouTube

8. Developing mobile applications

Some people deceive you when they tell you that by downloading applications you will earn dollars, and this is not true, the only way to earn through applications is to develop them.

Does this mean that I start learning programming and develop my own application? This is possible, but you can use the help of a professional programmer to implement your own idea for you, and then upload the application to the App Store, and profit from displaying ads on it.

You can generate a source of passive income from uploading your mobile application to the Google Play Store, and profit from it by:

Ads that are displayed in the application.

The application should be paid, and in this part it is better to target the IOS audience, because they are more likely to purchase applications.

Make some premium additions in the paid app.

Provide a system of subscriptions in some services for a fee.

Get visits to your website.

Sell the application to a company or institution that invests in it.

Related articles for more information:

How to create a successful and profitable application in 10 practical steps

6 ways to profit from mobile applications in detail

9. Photography and selling exclusive photos and videos

Simply, you take some photos, or design some exclusive videos, and upload them to sites that sell photos and videos, and profit from them.

The images do not have to be of high quality, because they will be sold in any case, but at a price commensurate with their quality.

Profit sites from selling photos are based on one of these methods:

Sell the image for a fee.

Display ads on the site when a visitor enters to upload your photos, and you get a percentage of the profits.

Upload images for a monthly or annual subscription.

You can post your photos on photo selling sites such as:

Shutterstock.com

Envato Elements

10. The podcast

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A podcast is an audio blog, in which the speaker shares his experience and experiences with people through extensive talk. The origin of podcasts is verbosity.

Therefore, many people resort to it in order to invest lost times (waiting times, transportation...), or to obtain great knowledge on a subject. Because the topics are prepared for, and the scenario is prepared in advance from research sources.

But the podcast relies heavily on sharing experiences and personal experiences, and on a personal level, if I want to know more about self-employment, I would prefer to hear someone's experience, rather than read an article or watch a YouTube video.

But in fact, it takes effort and time to have your own audience, which will later turn into a source of income for you.

Here are some ways to earn money from podcasts:

care

Support from an audience

Podcast affiliate sales

Complementary products (courses, books, consultations...)

Affiliate marketing

Additional sources:

What is a podcast (your comprehensive guide to the world of podcasts)

How to Start a Podcast (From Scratch to Launching a Podcast)

Top questions about passive income

1. What is the difference between passive income and active income?

Active income exchanges your time for money, in the literal sense, your time equals money, that is, you work to get money, and if you work more, you will get more money, but if you work less time or with poor quality, then your income will be affected.

Unlike passive income, which depends mainly on providing an asset from which you can earn money in the long run without the need for permanent work.

It is worth noting here that self-employment is a great example of active income.

2. What are the sources of passive income online?

The sources of passive income online are several things, including:

Income from NFTs

Affiliate marketing

Build a blog

Online courses

YouTube channel

Mobile application development

podcast

To get more information about ways to work and profit from the Internet, you can read our article entitled: Profit from the Internet.

3. What is the difference between providing services online and passive income online?

The difference can be illustrated by an example: If you are going to offer a digital product (a training course) online, passive income is by selling this course to several people, and thus profiting from it many times over in the long run.

As for the provision of services, it depends on providing a service to each customer separately, and therefore if you stop providing services, you will stop getting money, and this happens if you provide private lessons to teach a skill or provide paid consultations, for example.

We are done! By the end of this article, the idea of generating passive income may end from the mind of many people, and the article may also be a starting point for achieving a source of passive income for other people, so which team are you in? You have the resources and methods, so there is no need to wait.