In this free latest job alert portal, we will learn the best passive income ideas for earning money online in 2024 while working from home. We provide genuine guides here on starting passive income-earning work that any unemployed youth or job seeker can start online.
To begin with, it is suggested you also know what is passive income, how you create it, whether it is better than active income, etc.
What does Passive income mean?
Passive income is a way to earn money passively without the involvement of active work. One best example is the money you get from rental property or partnership Facebook monetization or from AdSense monetization. In short, it is today passive income brings money without working regularly like 9 to 5 jobs. Some examples of passive income money-making are rental services, wind farms, real estate investment, affiliate marketing, money from admobs, selling stock photos, selling music online, creating an online course, etc.
The benefit of passive income is that it helps to generate extra money without the involvement of the owner for 24 hours. Say, for example, you made an app or a blog that is approved for earning with Adsense, and then after some days, it generated money online. Another example is Facebook monetization where you put content on your page after gaining the status of bonus earning, then for each content you add, you earn bonuses. Another example is the rental of a home or real estate, where you give your land to some people online and you get income monthly.
What are the best passive income ideas you can start in India?
In a country like India, to start passive income ideas, you may need to do some market analysis first. We bring some best passive income-earning ideas and follow
- Ads network income earning
- Vehicle Storage
- Investing in real estate
- Facebook page monetization
- Solar farm money-making via grid installation
- Property renting
- Vehicle renting
- Affiliate marketing
- Wedding material renting
- Community hall renting
- Sound equipment renting
- Selling photos on popular sites
- Create apps and earn from ads network
- Buy and sell website domain name
We have listed above some of the top passive income-earning methods that can easily help jobseekers or unemployed youth in India earn extra income online. Let’s check out each of the above-mentioned passive income tips in detail below
Ads Network Income earning
Ads network income earning is very popular in Countries like India. In this technique, what should you do is create a blog website or application and get approval from popular ad networks like Google AdSense, adsterra, or Propeller. In this technique, you need to create content on blogs, or feature on applications and then the ads network service places ads on your blogs or apps. Once it is approved, you start earning from page views or ad clicks.
Vehicle Storage
The vehicle storage passive income earning is very easy if in your location if anybody wants to keep their vehicles for some hours or for some days, you can take charges for the time they kept their vehicle sat your space. In this technique, you can take charges according to vehicle type i.e. two-wheeler or 4-wheeler. One best location to keep such service at nearby religious or temple sites where lots of foreigners or local people visit to pray for god and want to park their vehicles. This way you can take charges and earn extra income easily in your available spaces.
Investing in real estate
The way to mean from investing in real estate means you buy a land or real estate property and then after some years, its price goes up. When the price goes up, you can sell it to people who want it at higher rates. Investing in realststa property might require also degradation of the building like making flats, and rooms, adding a lift service, adding services like security, etc. When people who donate have a home or land need it, they contact you and buy it at a higher cost than you invested in it. In a country like India, there are lots of people working in private companies outside of the state they want to settle in another state according to their job posting, and such people will surely contact you and buy it at the price you fixed.
Facebook page monetization
Facebook page monetization is also one of the recent passive income-earning methods faster than YouTube earning. In this method, you need to gain followers first to get approval for earning via bonuses, reels, and subscriptions and start sending. At first, what you need is the content creation that people like to follow and watch again and again. The more the viewers engage on your Facebook page, the more chances of increase earning potential.
Solar farm money-making via grid installation
The new solar farm money-making via grid installation is an initiative launched by the govt of India and it helps people earn from solar energy. What should you do is install the solar plates, and the grid meter and sell the government power department. The power department pays you for the electricity that is produced by the solar farm that has been sold to them. While setting up installation it might cost some money but in the future, it will pay your huge regular income. This method of passive income earning needs clear weather i.e. sunny days. While during the rainy days, its earnings might drop a little. We suggest if you have the initial setting up cost then you can contact the nearest Power department to earn it from this method.
Property renting
Renting a property is also one of the easiest ways to earn passive income. In this method you need to give rental service of your property and then from the monthly rental you can earn income. You can do this by renting a room or flats or house or a farm on a lease, where interested people contact you and take the lease and pay you monthly. In a country like India, renting a room cost might range between Rs 2000 to Rs 10000 Monthly. So when you give rental service of more rooms, you get more income.
Vehicle renting
To earn passive income from vehicle renting, the first thing you must do is have some vehicle both a wheeler and 4 4-wheeler. Even if you keep cycles also, interested people will take it on rent for their purposes. There are many people around who need vehicles for picnics for offices or for going far distances, and what you can do is to serve them with your vehicle and take rent in hours. The cost of renting a 4-wheeler car might be higher than the two-wheeler but both of them are beneficial to you. The precaution you can take in this service is to take the proper documents of the person who takes the vehicle on rent for security purposes. Sometimes thieves may also come to steal vehicles by giving you fake identity documents. So we suggest keeping a biometric identity-proof device to detect whether the people who need your vehicle a real or fake. The cost to start this business depends on the number of vehicles you keep, say for example you keep 10 bicycles, 10 two-wheelers, 10 cars, it might cost up to Rs `1 crore. Make sure you keep an eye on identifying the person who takes your vehicle on rent to create no issues in the future.
Affiliate marketing
Affiliate marketing is one of the oldest passive income techniques to earn money online by selling products via affiliated links. One best examples of affiliate marketing is Amazon affiliate marketing, where you sell products of Amazon via its affiliated links. When a user buys products from your shared affiliate links, you get a commission. To place the affiliated links you may need to create a blog or a website and tell people about the products, how to use them, their advantages, and more. This way of passive income earning needs no initial cost but you need to have a mobile phone and a laptop or personal computer. In the initial phase, you may need to create content to reach more potential customers. Other than Amazon affiliate marketing there also exist other affiliate marking sites like Godaddy, hostinger, CJ Affiliate, eBay partner network, Shopify, Rakuten wirecutter, convert kit, etc. In short, you need to become a publisher first and then add the affiliated links to your content, to start earning passive income.
Wedding material renting
Wedding material renting is very popular in countries like India. People who are marrying need a place to be decorated with flowers, pots, clothes, a hall, etc. You keep such items at home and do rental service daily. Sy for example for flowers or decorated clothes renting, you can take charges.
Community hall renting
In this way of passive income earning techniques, you can set up a community hall to rent to people who need it. People in India need space nowadays for observation or celebrating rituals, birthday parties, marriage ceremonies, etc. And on such occasions, you can rent your community hall to people who need them. Make sure you keep the community hall clean, keep washrooms, and take charges for water supply, decoration, and electricity too.
Sound equipment renting
The way to earn from sound equipment renting is to rent sound speakers, amplifiers, and light compose. People who want to organize rock concerts, or install a music system for a wedding or birthday party might need sound equipment. As you know very few houses in India don’t keep big sound equipment so this way if you give them the service to sound equipment rental service you can earn passive income daily.
Selling photos online
Selling photos online is one of the best way to earn income passiely. you can do this by uploading your photos to popular photos selling sites like Etsy, Alamy, snapped4U, Fotomoto,istock, and Getty Images. Once the uploaded photos are bought by the interested user, you earn the money. You can try it by visiting the website we mentioned above. What equipment you may require is a good camera, photo editing apps, a photographer, etc.
Create apps and earn from ads network
The way to earn money passively from creating apps from ad networks is easy if you have skills in making either Android or iOS mobile software. Once you make the mobile app, you should upload it to an app store like Google PlayStation or iOS app store, Then you earn via Google admobs for each time the user installs it, views the ads, or clicks on the ads displayed over the apps. There are some charges also for uploading apps to the app store, but that is not high, you can try it.
Buy and sell website domain or website
This is a very interesting passive income earning where you can earn from buying a website domain name and selling it to people or companies who need it. there are lots of websites whose domains have expired and people don’t renew, You can buy such domain names and sell them again to the owner. For selling a website with content, it might be higher for the content writer. If you are an expert in this technique you can earn lots of income online.
Which skills are best for passive income earning in India?
As mentioned above if you have skills in blogging, copywriting, graphic designing, app making, website hosting, storytelling, content writing, and storytelling, there are big opportunities you can earn lots of income from passive income online. Suggest you keep on focusing on one technique so that you can perform well because no one can’t do multiple works at one time. Say for example if you’re a content writer then focus on content writing, and if you are an app developer then keep the focus on app development, this is the way you can earn via passive income fast.
How can I earn a $1000 monthly passive income?
To earn a monthly $1000 passive income you need to perform some analysis such as the market trends and techniques. Say for example you want to earn from ad network, you need to create a compelling niche website or if you are interested in earning $1000 from a real estate investment, you must analyze the location where you want to start such a real estate business. There are also other ways like e-book publishing which also requires the contents of the books, whether it is for a job or employment or IOTs and more. And even if it’s affiliate marketing, do use platforms where it pays higher commissions for selling via affiliated links.
Recommended books you can read to earn passive income are as follows
| Book name | Author |
| Rich dad poor dad | Robert Kiyosaki |
| The Intelligent Investor | Benjamin Graham |
| A Random walk down Wall street | Burton G Malkiel |
| The simple path to wealth | JL Collins |
| Your money or your life | Vicki Robin and Joe Dominguez |
| Long-distance real estate investing | David Greene |
| The Million dollar one-person business | Elaine perfect |
| The 4-hour Work Week | Timothy Ferris |
| dot com secrets | Russel Brunson |
| Beating the street | Peter Lynch |
| Early retirement extreme | Jacob Lund Fisker |
In this blog, we have provided some unique ideas about how to earn passive income online via various techniques effectively. You may try it from today onwards to start earning some extra income online genuinely.
Frequently Asked Questions FAQs
Q. What is passive income?
A passive income is nothing but earning income that requires some minimal effort which is very different from active income work.
Q. Why It is important?
This type of money-making technique is important because it provides financial freedom, security, and flexibility
Q. What are some examples of common passive income-earning models?
The most common passive income model includes investment, rental properties, peer-to-peer lending, dividend stocks, blogging with ads network, etc.
Q. What are online passive income techniques?
The common types of online passive income techniques are affiliate marketing, blogging, domain selling, website hosting, etc.
Q. What do you mean by ebook publishing?
eBook publishing is a technique that includes writing as well as selling digital helpful books online. It can be published on Amazon ekindle too.
Q. Is there any tax for passive income?
Ys the type of tax put on passive income tax differs from that of the active income techniques.
Q. How do I start Generating passive income?
To generate passive income, the first thing you need to do is research various passive income topics, choose your favorite one, and start it.