Aug '24 โข General discussion
๐ด 9 Passive Income Ideas - How I Make $42k per Week
Over the past few years, I've built up multiple streams of passive income, which now generate around $42,000 per week.
It took me years of trial and error, testing different methods, and refining what worked best. Today, I'm sharing my top 9 passive income ideas that you can start working on right now.
๐๐๐ ๐ฟ๐ฒ๐บ๐ฒ๐บ๐ฏ๐ฒ๐ฟ, ๐ฝ๐ฎ๐๐๐ถ๐๐ฒ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ ๐ฑ๐ผ๐ฒ๐๐ป'๐ ๐บ๐ฒ๐ฎ๐ป ๐๐ผ๐ ๐ฑ๐ผ ๐ป๐ผ๐๐ต๐ถ๐ป๐ด.
It means you put in the work upfront, and once things are running, you continue earning even when you're not actively working.
โฌ Here's how I did it
๐ญ. ๐น ๐๐ฎ๐ฐ๐ฒ๐น๐ฒ๐๐ ๐ฌ๐ผ๐๐ง๐๐ฏ๐ฒ ๐๐๐๐ผ๐บ๐ฎ๐๐ถ๐ผ๐ป
You don't need to be on camera to make money on YouTube.
The best part?
The videos I posted years ago are still making money today.
Once you set it up correctly, YouTube is one of the most passive income streams, and with AI tools, itโs even easier to automate.
๐ฎ. ๐ฑ ๐๐๐ถ๐น๐ฑ ๐ฎ๐ป ๐๐ฝ๐ฝ
Develop an app, launch it on the Apple App Store or Google Play Store, and start earning from downloads and in-app purchases.
One example is an app that helps people quit drinking, which now makes $600,000 a month, according to SensorTower.
The idea is simple: Solve a problem with your app, and it will generate income for you around the clock.
๐ฏ. ๐ก๐๐ถ๐ฟ๐ฏ๐ป๐ฏ ๐ฌ๐ผ๐๐ฟ ๐ฅ๐ผ๐ผ๐บ
If you have unused space, you can rent it out on Airbnb.
Iโve made around $2,000 this month by listing my apartment on the platform.
The initial setup takes some time, but once your listing is live, itโs a great semi-passive income stream.
๐ฐ. ๐ค ๐ฆ๐ธ๐ผ๐ผ๐น ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ถ๐ฒ๐
Building an online community can be very profitable.
Once your community is up and running, the income becomes relatively passive.
๐ฑ. ๐ฒ ๐๐ป๐๐๐ฎ๐น๐น ๐ฃ๐ฎ๐๐๐ถ๐๐ฒ ๐๐ป๐ฐ๐ผ๐บ๐ฒ ๐๐ฝ๐ฝ๐
Apps like Honeygain, PocketStream, and Simcash allow you to earn passive income by sharing your internet bandwidth or receiving text messages.
These apps wonโt make you rich overnight, but they can add a small, steady stream of income without much effort.
๐ฒ. ๐ณ๏ธ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ ๐๐ณ๐ณ๐ถ๐น๐ถ๐ฎ๐๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ถ๐ป๐ด
Promoting digital products as an affiliate can be highly profitable.
The key is to find digital products that align with your niche and promote them through content channels like YouTube, TikTok, or Instagram.
๐ณ. ๐ต ๐ง๐ถ๐ธ๐ง๐ผ๐ธ ๐๐๐๐ผ๐บ๐ฎ๐๐ถ๐ผ๐ป
Some creators are earning over $50,000 a month by posting faceless TikTok videos generated with free software.
TikTok automation is a new AI-driven method, but it can be unstable.
If youโre interested, itโs worth exploring but donโt rely solely on this income stream.
๐ด. ๐จ๐๐ฟ๐ฒ๐ฎ๐๐ฒ ๐ฎ๐ป๐ฑ ๐ฆ๐ฒ๐น๐น ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐๐
Selling digital products like eBooks, courses, or templates can be a powerful source of passive income.
Iโve earned over $890,000 by selling my digital products on platforms like Teachable.
Once created, these products can be sold repeatedly without additional effort.
๐ต. โ๏ธ๐ ๐ฒ๐ฑ๐ถ๐๐บ ๐๐น๐ผ๐ด
Publishing blog articles on Medium can also generate passive income.
Mediumโs Partner Program pays writers based on reader engagement.
Consistency is key here, but once your articles gain traction, they can continue to earn money passively.
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๐ด 9 Passive Income Ideas - How I Make $42k per Week
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