Passive Income Ideas To Increase Your Earnings in 2024

Passive income is your road to financial freedom. Here are tried-and-true passive income ideas that build wealth in the background.

Making money through passive income is a great way to help out your bank account. It means you get extra cash coming in whether you're doing extra jobs on the side or just want to make more money every month.

This kind of money can really help out if you suddenly lose your job, decide to take a break from work, or find that things are getting more expensive and your money doesn't go as far.

With passive income, you can keep earning money even when you're focusing on your main job. If you get good at making money this way, you might even be able to relax a bit more.

Going for passive income not only makes you feel more secure with your money but is also a smart move if you're worried about having enough saved up for when you retire. It shows that building up money through passive income is a smart part of planning your money future.

Best Passive Income Ideas

1. Dividend Paying Stocks

It’s been said that the average millionaire has seven streams of income.

Dividend stocks are usually always in the mix and personally one of my favorite passive income streams.

Dividend stocks are similar to regular shares of stock, but they pay you a small portion of the company's earnings monthly or quarterly.

So it’s wise to build a portfolio of dividend-paying stocks that will give you passive income, or give you beer money while you're sleeping!

If you are ready to get hip to dividend investing, check out Robinhood or Webull.


What I like about Robinhood is that they make it really easy to invest in stocks, while still having plenty of features as you get more comfortable with investing. Plus you can get a free share of stock like Microsoft when you join through here.


Webull is a free investing app for your phone. I mean free all around – free to join and they don’t charge any fees to buy or sell the stock. You can get free fractional shares when you join through this link or you can learn more about this Webull promo. You can also buy dividend stocks with Webull and get a paycheck quarterly or monthly!

2. Create a Course

Creating a course is a cool way to make passive income, which means you keep earning money even after the hard work is done. First, think about what you're really good at or what you love doing. Maybe you're awesome at drawing, cooking, coding, or even playing a video game. Whatever it is, there's probably someone out there who wants to learn it from you.

Next, plan your course. Decide what lessons you want to include. Start simple and then go into more detail as the course goes on. It's like building a Lego set – start with the base and add pieces step by step until it's complete.

Then, make your course. You can use videos, write-ups, or even quizzes. Remember to make it fun and engaging – you want people to enjoy learning from you. There are lots of tools online that can help you put your course together without needing to be a tech wizard.

Once your course is ready, it's time to share it with the world. You can use platforms like Udemy and Teachable to get it out there. Set a price that feels fair for the amount of work you put in and the value people will get from it.

Finally, promote your course. Share it on social media, tell your friends and family, and maybe even run some ads if you can. The more people know about your course, the more passive income you can make.

Remember, the great part about creating a course is that you do the work once, but you can keep making money from it for a long time. It's like planting a seed that grows into a tree that keeps giving you fruit year after year.

3. Real Estate Investing

Fundrise is a real, much better and desirable alternative to stock market investment. With Fundrise, you deal in the private real estate market that allows you to invest just like the super successful institutions.

You don't have to be a millionaire to invest in these types of properties. You can now invest in large-scale real estate for as little as $10 with Fundrise.

Through their real estate investment products, investors earned an average of 8 – 11 percent on their money last year, and all without painting a wall or dealing with unruly tenants.

There is a reason why they currently have over 200,000+ users, this app really pays you!

If you’re interested, I recommend you sign up for more information from Fundrise by clicking here.

4. Affiliate Marketing

Affiliate marketing is like being a bridge between people and the stuff they want to buy. Imagine you have a link to a cool product online. Every time someone clicks on your link and buys that product, you get a little bit of money. It's like telling your friends about a cool sneaker shop and getting a thank you note with some cash every time they buy a pair.

First, find a product you think is awesome and would fit well with what your friends or followers like. It could be anything from books, games, to gadgets.

Then, sign up for an affiliate program. This is where companies give you special links to their products that track back to you. Websites like Amazon have these programs, and signing up is usually free and easy.

Next, share your special link. You can put it on your blog, social media, Reddit, or even in emails. Just make sure it's something your audience will actually be interested in.

Remember, the more your link is out there, and the more people click and buy through it, the more money you can make. But, be genuine about it. Share things you truly like and think others will benefit from. It's all about building trust with your audience.

5. Blogging

Starting a blog is easy. The hardest part is getting yourself to just do it. Once you create your blog, you’ll actively work towards growing it and it’ll grow to become a new passion or hobby you have in life and can make you some good passive income. After starting it, there are a ton of helpful sites and articles for new bloggers.

You can get started initial setup done in under 20 minutes. In that article, I go through the steps that will take you less than 20 minutes to complete the process. I use a WordPress site on BlueHost and it's really simple to set up even for beginners.

If you don't have time right now to set up your blog, you can sign up for my how to start a blog email course. It'll teach you how to start your own blog and make money in 7 days.

Sign up here for the free email course:

6. Flip Retail Products

Flipping retail products is like treasure hunting in stores or online. You buy items at a low price and sell them for a higher price, making a profit. First, find items that are on sale, in clearance, or just undervalued. Look for things that people really want, like electronics, collectibles, or brand-name clothes.

Next, buy these items and then sell them somewhere else for more. You can use websites like eBay, Amazon, or even social media to reach buyers.

The key is to know what's in demand and to sell it at the right place and time. It's like buying a bunch of cool sneakers on sale and then selling them to people who missed out, at a price they're willing to pay.

7. Sell Photography Online

Selling photography online is like turning your snapshots into cash. First, take amazing photos. Focus on what you love or what's in demand, like nature, cityscapes, or even unique portraits.

Next, polish your pictures. Make them pop with editing software, but keep them looking natural.

Then, choose where to sell them. Websites like Shutterstock, Adobe Stock, or Etsy are great places to start. You can sell your photos as digital downloads or physical prints.

Upload your photos, set your prices, and let the magic happen. When someone buys your photo, you earn money. It's like having an online gallery where people can buy your art anytime, anywhere.

8. Peer-to-Peer Lending

Peer-to-peer lending is like being the bank in a board game, but in real life. You lend your money to other people online, and they pay you back with interest. It's a way to make your savings work harder than they would in a regular savings account.

First, choose a peer-to-peer lending platform. There are many websites where you can get started, like Lending Club or Prosper.

Next, decide how much money you want to lend and to whom. You can usually see the reason they need the loan and their credit score. It's a bit like choosing teammates in gym class – you look for the ones you think will perform best.

Then, lend out your money. Your money gets grouped with other lenders to fund a loan. As people pay back their loans, you get payments with interest back into your account.

Remember, there's a risk they might not pay back, so it's smart to lend small amounts to many different people to spread out the risk. It's like diversifying your portfolio in the stock market – don't put all your eggs in one basket.

9. Podcasting

If you can build an audience for your podcast, then you can make some money through sponsorships, affiliate advertising, and other offerings. Companies regularly pay $250 to $500 for a 30-second advertisement on podcasts. There is money to be made with this side hustle.

Alternatively, you can also use this guide to start your own blog (in 20 min or less).

10. Start your own Drop Shipping Company

Oberlo allows you to easily import products from AliExpress directly into your Shopify store and ship directly to your customers – in only a few clicks. It’s very simple to open a shop on Shopify and drop ship items in order to create a business without too much risk.  You can literally start and set up a drop shipping business without any type of product in one afternoon with minimal risk as Shopify has a 14-day free trial and Oberlo is completely free.

11. Freelancing

Fiverr is one of the best sites in the world. The basic premise is “what would you do for $5?” You’ll find everything from hilariously weird and useless gags to legitimate and genuinely helpful micro-business tasks.

Lately, I’ve been experimenting as a seller on Fiverr, and have found it a pretty successful avenue for selling website optimization services, article writing, and proofreading services.

Fiverr can work for you as both a seller and a buyer. It is a great way to make money and also you can find millions of services. Best $5 I’ve ever spent was using a Resume Revision service and now I receive way more employer call backs now after the revisions. If you want to know which service I used, leave a comment below. If you want to try Fiverr, sign up through here for 20% off your first order at Fiverr.

12. Ebook Publishing

Publishing an eBook is like transforming your ideas or stories into a digital book that people can buy and read on their devices. It's a fantastic way to share your knowledge, creativity, or passion with the world and earn money while doing it.

First, write your eBook. Pick a topic you know a lot about or a story you want to tell. It could be about anything – cooking, traveling, self-help, fantasy stories, or even a guide on how to start a business.

Once your eBook is written, give it a good polish. Edit it for grammar and clarity, and consider getting feedback from friends or hiring an editor to make it shine. A well-presented eBook makes a big difference in attracting readers.

Next, design an eye-catching cover that grabs attention. The cover is the first thing people see, so make it stand out. You can create one yourself if you're good with design tools or hire a professional designer.

Then, choose a platform to publish your eBook. Amazon Kindle Direct Publishing (KDP) is a popular choice because it's easy to use and your eBook can reach a huge audience. There are also other platforms like Apple Books, Barnes & Noble Press, and Kobo Writing Life.

Upload your eBook to the chosen platform, set a price, and fill in all the necessary details about your book. Most platforms will guide you through this process step by step.

Finally, promote your eBook. Use social media, start a blog, or even create a website dedicated to your eBook. You can also reach out to email lists, forums, or other communities related to your eBook's topic.

Publishing an eBook allows you to earn passive income as people continue to buy it over time. It's like planting a seed in a digital garden and watching it grow into a tree that bears fruit year after year.

13. Buy a Local Business

Buying a local business can be a smart move to create a steady cash flow from an established operation. With a successful enough business, you might even afford to hire a manager to handle day-to-day operations, freeing you up to make only major decisions. Financing options, like loans, can make the purchase easier on your wallet, minimizing your initial financial risk.

There's a chance to tap into profitable niches unique to local businesses, leveraging the seller's know-how and reputation early on. Sellers might finance part of the purchase, linking their support to the business's continued success. Making the sale price partly dependent on the business hitting certain financial targets can also be beneficial.

However, there are risks. It's crucial to thoroughly investigate any business before buying to avoid investing in a venture with poor prospects or overstated profits. Working with reputable brokers or consultants can help navigate these risks. If you plan on having a manager run the business, ensuring they are both trustworthy and skilled is essential to avoid future headaches.

14. Create an App

Creating an app is like building your own digital invention. It starts with a cool idea, something you think people will love or find super useful.

First, sketch out your idea. Think about how it looks and what it does, like drawing a blueprint for a treehouse.

Next, you need to bring your idea to life. If you know how to code, you can start building it yourself. If not, no worries! You can team up with a friend who codes or hire a developer. There are also online tools that can help you make an app without needing to be a coding wizard.

Once your app is built, test it to make sure there are no glitches. Ask friends or family to try it out and give feedback.

Then, it's showtime! Upload your app to app stores like Apple's App Store or Google Play. Set a price for it or make it free and earn money through ads or in-app purchases.

Finally, spread the word about your app. Use social media, tell your friends, and maybe even create a website for it. The more people know about it, the more successful it can be.

Creating an app is a journey from imagining what could be to making it a reality and sharing it with the world.

15. Paid for Searching The Web

When you google make money from home, you probably won’t find this option. The self-proclaimed king of the internet, Google, can now be found on almost every device whether it’s a PC or a phone. This is why Swagbucks is now offering you the big bucks – relatively speaking – to use their own search engine: Search with Swagbucks.

How does it work? Simply ditch Google, sign up to Swagbucks, and earn as much as $5-$10 every month as you search which can then be cashed in for gift cards for big sites like Amazon.

16. Cash Back Apps

Get cash-back for items you would have bought anyway. You can do this by shopping online with Rakuten. It is my favorite way to make passive income when I shop online and right now they are offering $10 sign up bonus through this link.

Every time I shop online, I start at Rakuten and then I get cash back deposited into my PayPal account.

Hello, passive income.

17. Rent out a Parking Space

Renting out a parking space is like turning a little piece of your property into a money-making spot. If you have an extra parking space at your home or somewhere you own, you can rent it out to people looking for a place to park their car.

First, check if you're allowed to rent out your space. Some places have rules about this.

Next, clean up the parking space and make sure it's easy for cars to get in and out. It's like setting up a mini parking lot.

Then, list your parking space online. Websites like JustPark or Parklee let you post your space so drivers can find it. Describe your spot well, like if it's covered or how close it is to nearby attractions.

Decide how much to charge. Look at what others are charging for similar spaces in your area to get an idea.

When someone rents your space, they pay you to park their car there for a set time. It's like renting out a tiny piece of land for cars.

This way, your extra parking spot can earn you some extra cash with little effort. It's making the most of what you have, one parking spot at a time.

18. A Bond Ladder

Creating a bond ladder is like building a staircase with your investments, where each step is a bond that matures at a different time. This strategy helps you manage the risk of interest rate changes and gives you a steady flow of money over time.

First, imagine you have a pile of blocks (your money) that you want to turn into a staircase (your bond ladder). Each block represents a bond you buy.

Next, you buy bonds that mature at different times. Some might mature in a year, others in two years, three years, and so on. It's like setting each block at a different height to create a staircase.

As each bond matures, you get your original investment back plus interest. This is like reaching a new step on your staircase and finding a little treasure.

Then, you take the money from the matured bond (the block you just stepped on) and buy a new one at the end of your ladder (add a new step at the top). This keeps your staircase going and your money working for you.

This way, you always have bonds maturing at regular intervals, giving you access to cash while also investing in new bonds to keep your ladder going. It's a smart way to balance getting income now and keeping your money growing for the future.

19. Invest in a High-Yield CD or Savings Account

Investing in a high-yield CD (Certificate of Deposit) or savings account is like putting your money into a super-powered savings jar. Unlike a regular jar that just sits there, this one pays you extra money for keeping your cash inside.

First, think of a high-yield CD or savings account as a special bank account. Instead of a small thank you for saving your money with the bank, they give you a bigger thank you in the form of interest. The “high-yield” part means you get more interest compared to regular accounts.

For a CD, you agree to leave your money in the bank for a set period, like six months, a year, or more. The bank says, “Thanks for letting us hold onto your money for a while. Here's some extra cash in interest when the time's up.” It's like lending a friend money, and when they return it, they give you a little extra as a thank you.

With a high-yield savings account, you can add or take out money anytime, but you still get more interest than a regular account. It's more flexible, like having a piggy bank that magically adds more money over time.

To start, look for banks or credit unions that offer these high-yield options. Compare who offers the best interest rates and terms that fit your needs.

Putting your money in a high-yield CD or savings account is a safe way to grow your savings without much risk. It's like having a diligent savings helper working for you, slowly but surely increasing your money stash.

20. Rent Out Your Car

Let your car pay for itself!  Similar to Turo, Getaround lets you turn your car into a second paycheck with no driving necessary. You’re paid monthly. Earn $10,000 per year actively sharing your parked car.

It’s great and you can set up your own schedule. Listing your car is free and managing rentals is easy. You can choose how and when to rent your car. Rentals are managed through the app and smart car technology. Don’t worry, every trip includes $1,000,000 insurance and 24/7 roadside assistance. Drivers are screened to ensure they have a safe driving record. Ready to see how much you’ll earn?

21. Rent Out Your Room

If you have extra room in your house, you can make passive income hosting guests on By becoming an Airbnb Host, you can start having their own weekend side hustle listing your home and open bedrooms to travelers looking to book through Airbnb.

With a little bit of traction, you can easily earn extra money that can go towards your rent or mortgage by hosting guests on Airbnb.

Related: How to Earn Money with Airbnb

22. Sponsored Posts on Social Media

Sponsored posts on social media are like getting paid to share your favorite finds with your friends. Imagine you have a social media account where you post about things you love, like fashion, tech gadgets, or cooking.

First, you need to have a bunch of people who follow you because they like what you share. The more followers you have, and the more they engage with your posts, the more attractive you are to brands.

Next, find brands that fit with what you usually post about. If you love outdoor sports, look for brands that sell hiking gear or outdoor wear. It's like matching your interests with companies that sell stuff your followers would love.

Then, you partner with these brands. They pay you to create posts that show off their products or services. It could be a picture, a video, or even a story where you tell your followers why you think this product is great.

When you make the post, be sure to tell your followers it's sponsored. Honesty is key, and it's actually required by law to be clear about paid posts. It's like telling your friends you got a free sample or were paid to talk about something, so they know you're being upfront with them.

By doing this, you get to make money by sharing things you think are cool, and your followers discover new products or services they might like. It's a win-win!


In conclusion, whether you're crafting courses, diving into affiliate marketing, flipping retail products, selling photography, engaging in peer-to-peer lending, developing an app, renting out a parking space, building a bond ladder, creating sponsored social media posts, or investing in a high-yield CD or savings account, each path offers a unique way to build your financial future.

These strategies range from leveraging your skills and interests to making savvy investment choices. By choosing the methods that best align with your lifestyle, goals, and resources, you can set up streams of income or grow your savings in a way that works for you.

Remember, the key to financial success often lies in diversification and patience, allowing you to benefit from different opportunities while managing risk. Start with what you know, learn as you go, and watch your financial garden grow.

Brian Meiggs
Brian Meiggs
Brian is the founder of and has tried every side hustle under the sun. He teaches people just like you how to make money with BeerMoney sites online and has been featured in Yahoo! Finance, NASDAQ, Discover and more. He normally shares the latest money-making apps, videos, and topics for those who want to make money online.

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  1. Great list. I’m thinking about doing number 21. It’s a good way to make money with your car but don’t have to drive people around. Keep it up.

  2. Definitely Trying number 12. This is SUCH a great post! I’m also so grateful I found it, it has helped me not only start my business but gave me the push and the motivation to just get started, hope it helps some others! #neverstoplearning

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