The Best Passive Income Ideas: 32 Ways to Make Money Working As Little As Possible in 2023

Check out these ideas to earn passive income streams that will generate cash for you in your sleep

If you’re looking for passive income ideas, you’ve come to the right place. Passive income is a great way to make money without working very hard. This blog post will share 43 ways to make passive income. We will cover many opportunities, from creating an app to investing in a business. So whether you’re just starting out or you’re looking for more ideas, read on for the top passive income ideas for 2023!

What Is Passive Income and a Passive Income Stream?

Passive income is earnings derived from a rental property, limited partnership, or another enterprise in which a person is not actively involved. This can come in many forms, such as interest from investments, rental income, or even money earned from apps on your phone. passive income is a great way to make money without putting in much effort.

A passive income stream is a monthly income you receive from your business.

Passive Income vs. Active Income

There are two types of income: passive and active. Passive income is the type of income that we just described—you earn it without having to work for it. Active income, on the other hand, is earned by working. Your job is an example of active income because you must work to get paid. Many people rely solely on active income, but passive income can be a great way to supplement your earnings.

What Do You Need to Generate Passive Income?

To make passive income, you will need some initial capital or investment. This can come from money, time, or even effort. For example, if you’re going to start a blog, you’ll need to put in time and effort upfront to write quality content and build an audience. But once you have done that work, you can start earning passive income from ads or affiliate marketing.

The List: Here Are the Top Passive Income Ideas of 2023

Now that we’ve answered some basic questions about passive income, let’s get into the list! These are the top passive income ideas for 2022:

Create an App

Overview

One passive income idea is to create an app. This can be a great way to make money without working, as you can earn passive income from ads or in-app purchases. If you have a great idea for an app, start planning your development process and start creating the next big thing!

Creating an app requires some initial investment, as you will need to pay for development costs. However, once the app is developed and released, you can start earning passive income from it. You can make money from ads or in-app purchases if your app is popular. So if you have a great idea for an app, don’t wait—start planning your development process today!

Making an app is one of the best ways to make passive income.

Top Features

Can earn a passive income stream from ads or in-app purchases
Requires some initial investment
It can be a great way to make money without working

Websites to Check Out

Affiliate Marketing

Overview

Affiliate marketing is a passive income idea that can be very lucrative. With affiliate marketing, you promote products or services on your website or blog and earn a commission for every sale that you generate. This is a great way to make money without creating your own products or services.

To start affiliate marketing, you must sign up with an affiliate network. Once you’re approved, you can start promoting products on your website or blog. You will earn a commission when someone clicks on one of your affiliate links and makes a purchase. The amount of money you can make depends on the product you promote and the traffic you generate.

Affiliate marketing is a great way to make passive income, but it does require some initial investment. You will need to create a website or blog and generate traffic before you can start making money. But once you have everything set up, you can start earning passive income with very little effort.

Top Features

It can be very lucrative
Does not require creating your own products or services
You can start earning a passive income stream with very little effort

Websites to Check Out

Publish Sponsored Instagram Posts

Overview

You can make a passive income stream by publishing sponsored posts if you have a popular Instagram account. Companies will pay you to promote their products or services on your account. This is a great way to make money without doing much work.

To start making money from sponsored Instagram posts, you need to find brands that are willing to pay you. You can contact companies directly or sign up with an influencer marketing platform. Once you’re approved, you can start posting sponsored content on your Instagram account. The amount of money you can make depends on your followers and engagement rate.

Sponsored Instagram posts are a great way to make passive income if you have a popular account. You can contact companies directly or sign up with an influencer marketing platform to start making money. The amount you can make depends on your followers and engagement rate.

Top Features

Does not require much work
Can make a lot of money if you have a popular Instagram account

Websites to Check Out

Start a Dropshipping Store

Overview

Dropshipping stores are great ways to make passive income streams. With drop shipping, you sell products on your website or online store and the supplier ships the products directly to your customers. This is a great way to make money without dealing with inventory or shipping. You need to find a supplier and create a store to start dropshipping.

You can use an eCommerce platform like Shopify to create your store. Once you have everything set up, you can start selling products and making passive income.

Dropshipping is a great passive income source that doesn’t involve dealing with inventory or shipping. You need to find a supplier and create a store to start dropshipping. You can use an eCommerce platform like Shopify to create your store. Once you have everything set up, you can start selling products and making passive income.

Top Features

Does not require dealing with inventory or shipping
It could be a profitable online business
You can use an eCommerce platform like Shopify to create your store

Websites to Check Out

Design T-Shirts

Overview

Designing T-shirts is a great way to make passive income. You can create designs and sell them on T-shirt platforms like TeeSpring or Amazon Merch. When someone buys one of your designs, the platform will print the shirt and ship it to the customer. You can design as many T-shirts as you want and there is no limit to how much you can earn.

Creating a t-shirt design business can offer you a passive income.

Top Features

Can design as many T-shirts as you want for continuous cash flow
There is no limit to how much you can earn
Can design your own website and generate passive income
T-shirt platforms like TeeSpring or Amazon Merch will print and ship the shirts for you

Websites to Check Out

Start and Monetize a Blog

Overview

Blogging is a great way to generate passive income. You can start a blog and monetize it in several ways. You can advertise, become an affiliate, or sell digital products like e-books or courses. If you build up a large enough audience, you can even get sponsorships for your blog.

Once you have a monetization strategy in place, you can start generating passive income.

Blogging and monetizing your blog is one of the best ways to have a passive income online. It requires a small monetary investment, but all great passive income ideas require some extra money investment to get going.

Top Features

Can monetize in several ways
Only a minimum investment is needed
If you build up a large enough audience, you can get sponsorships

Websites to Check Out

Sell Digital Files on Etsy

Overview

If you’re creative, a great passive income idea is selling digital files on Etsy. You can sell anything from photos and illustrations to fonts and graphics. When someone buys one of your files, they will download it, and you will earn a commission. This is a great way to make money without dealing with physical products.

Top Features

Can sell anything from photos and illustrations to fonts and graphics
When someone buys one of your files, they will download it
You will earn a commission
Does not require dealing with physical products
Etsy takes care of all the transaction fees

Websites to Check Out

Write an Ebook

Overview

If you like to write, you can make passive income by writing an ebook. You can self-publish your book on Amazon Kindle Direct Publishing or another platform. Once your book is published, it will be available for people to buy and you will earn a commission on every sale. This is a great way to make money without dealing with traditional publishers.

Writing an ebook is one of the best passive income ideas as it could yield large monthly payments and cash flow.

Top Features

Can self-publish your book on Amazon Kindle Direct Publishing or another platform
Once your book is published, it will be available for people to buy
You will earn a commission on every sale, providing you with a passive income business
Does not require dealing with traditional publishers

Websites to Check Out

Create and License Audio Tracks

Overview

If you’re musically inclined, there are some great passive income ideas for 2022 around creating and licensing audio tracks. You can create music, sound effects, or voice-overs and sell them on sites like AudioJungle. When someone buys one of your tracks, they will download it, and you will create passive income. This is a great way to make money without having to perform live.

Create and license your music for a passive income.

Top Features

Can create music, sound effects, or voice-overs
Sell tracks on sites like AudioJungle
When someone buys one of your tracks, they will download it
You will earn a commission
Does not require live performances
It can be done from anywhere in the world
No need to deal with physical products
AudioJungle takes care of all the transaction fees

Websites to Check Out

List Your Place On Airbnb

Overview

If you have an extra room in your house or apartment, you can make passive income by listing it on Airbnb. You will need to create a listing and set your price. Once your listing is live, people will be able to book it, and you will earn a commission. This is a great way to make money without dealing with guests.

Airbnb is a massive online business that charges a service fee, and you will be responsible for paying taxes on your earnings. You can rent the whole place out on Airbnb if you have a rental property. Many people are using their rental property as passive income investments today.

Real estate investing for buying a rental property requires a huge upfront investment, but the cash flow it creates is one of the best passive income ideas there is.

Top Features

You can list your extra room on Airbnb
Once your listing is live, people will be able to book it
An excellent passive income strategy
Does not require dealing with guests
Airbnb takes care of all the transaction fees
It can be done from anywhere in the world
Listing is easy to set up

Websites to Check Out

Create and Sell Online Courses

Overview

If you’re an expert on a topic, creating and selling online courses is a solid passive income idea. With this passive income method, you can create your course on a platform like Udemy or Teachable. Once your course is live, people will be able to buy it, and you will earn a commission. This is a great way to share your knowledge and make money simultaneously.

You will need to create your course, determine a price, and promote it. Once people start buying your course, you will start making passive income.

Udemy takes a percentage of every sale, and you will be responsible for paying taxes on your earnings.

Teachable has two pricing options: monthly or transaction-based. With transaction-based pricing, you will pay a percentage of every sale, and with monthly pricing, you will pay a monthly fee.

Top Features

You can create your course on platforms like Udemy or Teachable
When people buy your course, you will earn a commission
Udemy takes a percentage of every sale
You will be responsible for paying taxes on your earnings
It can be done from anywhere in the world
Share your knowledge and make money simultaneously
Promoting your course is essential
Udemy has a wide reach and is popular among course-buyers
Teachable offers two pricing options: monthly or transaction-based
With transaction-based pricing on Teachable, you will pay a percentage of every sale
With monthly pricing on Teachable, you will pay a monthly fee
Can offer courses for free or paid

Websites to Check Out

Rent Out Your Space

Overview

If you have an extra room in your house or apartment, you can make passive income by renting it out. You can list your space on a platform like Airbnb or VRBO.

Once your listing is live, people will be able to book it, and you will earn money. This is a great way to make money without dealing with guests.

You will need to create a listing and set your price.

Airbnb does charge a service fee, and you will be responsible for paying taxes on your earnings. VRBO has a subscription-based pricing model, and you will pay a monthly fee to list your space. You can rent out your space for short-term or long-term stays.

Short-term rentals are typically for people travelling and needing a place to stay for a few days or weeks. Long-term rentals are for people looking for a place to live for an extended period, typically for several months or more.

Top Features

You can list your space on a platform like Airbnb or VRBO
Once your listing is live, people will be able to book it, and you will earn money
You will need to create a listing and set your price
VRBO has a subscription-based pricing model
You can rent out your space for short-term or long-term stays
Short-term rentals are typically for people travelling and needing a place to stay for a few days or weeks
Long-term rentals are for people looking for a place to live for an extended period, typically several months or more

Websites to Check Out

Car Wash

Overview

Car washes can be good passive income streams that can be created from a simple coin-operated car wash. You’ll need some coin-operated pressure washers and a building. Or you could pay someone to use a pressure washer on the cars, and you take whatever is left over.

Create a carwash business to get a great passive income.

Top Features

You can make a passive income without having to do any work.
You can make passive income without having to deal with customers.

Websites to Check Out

Rent Out Your Car

Overview

You can make passive income by renting out your car. You can list your car on a platform like Turo or Zipcar. Once your listing is live, people will be able to book it, and you will earn money.

This is a great way to make money without dealing with customers. You will need to create a listing and set your price.

Turo does charge a service fee, and you will be responsible for paying taxes on your earnings.

Zipcar has a subscription-based pricing model, and you will pay a monthly fee to list your car. You can rent out your car for short-term or long-term rentals.

Top Features

You can list your car on a platform like Turo or Zipcar.
You can create a listing and set your price.
Zipcar has a subscription-based pricing model with plenty of features, but you will also pay a monthly fee to list your car.

Websites to Check Out

Vending Machines

Overview

You can make passive income by owning vending machines. You will need to purchase the machines and stock them with items. Once the machines are stocked, you will need to find locations for them. The locations will need to have high foot traffic and be near businesses or schools. You will need to service the machines regularly to restock them and collect the money.

Top Features

You can make passive income by owning many vending machines.
You will need to purchase the machines and stock them with items.
Once the machines are stocked, you will need to find locations for them.
You will need to service the machines regularly to restock them and collect the money.

Websites to Check Out

Storage Rentals

Overview

You can make passive income by renting out storage space. You will need to find a location for the storage units. The location will need to be near businesses or schools. You will need to provide security for the units and maintain them.

Rent out the space to people who want to use your storage area. They usually rent it out for months or years at a time, providing you with a passive income.

Top Features

You can make passive income by renting out storage space.
You only have to do work when there is a new tenant.

Websites to Check Out

Laundromat

Overview

You can make passive income by owning a laundromat. You will need to find a location for the laundromat. The location will need to be near businesses or schools. You will need to provide security for the units and maintain them.

A laundromat is an excellent way to make a passive income.

Top Features

You will need to find a location for the laundromat.
The location will need to be near businesses or schools.
You will need to provide security for the units and maintain them.

Websites to Check Out

Cashback Rewards Cards

Overview

You can make passive income by using cashback rewards cards. You will need to find a credit card that offers cash back rewards. You will need to use the card for all of your purchases. The more you spend, the more cash back rewards you will earn. You can also earn passive income by signing up for websites that offer cashback rewards. You will need to pay off your balance in full each month to avoid paying interest.

Top Features

The more you spend, the more cash back rewards you will earn.
You can also earn passive income by signing up for websites that offer cashback rewards.
These websites will give you a percentage of your purchase back in the form of cashback rewards.
You can also earn passive income by shopping through a cashback rewards site.

Websites to Check Out

Get Paid To Have An App On Your Phone

Overview

You can make passive income by using an app on your phone. You will need to find an app that will pay you to have it installed on your phone. The more you use the app, the more money you will earn. You can also earn passive income by referring friends to the app.

Top Features

You will need to find an app that will pay you to have it installed on your phone.
The more you use the app, the more money you will earn.
Earn by referring friends to the app, taking surveys through the app, watching videos through the app, and shopping through the app.

Websites to Check Out

Start a YouTube Channel

Overview

You can make passive income by starting a YouTube channel. You will need to create videos that are popular with viewers. You will need to grow your subscriber base. The more subscribers you have, the more money you will make. You can also earn passive income by having advertisers sponsor your videos.

Top Features

The more subscribers you have, the more money you will make.
You can also earn passive income by having advertisers sponsor your videos.
You can also earn passive income by selling products through your YouTube channel.
You can also earn passive income by promoting other people’s products through your YouTube channel.
You can also earn passive income by setting up a Patreon account.
This will allow viewers to donate money to you every month.

Websites to Check Out

Dividend Stocks

Overview

You can make passive income by investing in dividend stocks. Dividend stocks are stocks that pay you a portion of the company’s profits. The more dividend stocks you have, the more money you will make. You can also earn passive income by reinvesting your dividends. This will allow you to grow your investment over time.

Dividend stocks are similar to mutual funds, pay more than a savings account or a high-yield savings account, allowing you to build wealth and earn income. You don’t need to be an accredited investor to invest money in dividend stocks or other stock investments but will require a large upfront investment.

There are many different types of dividend stocks, so you will need to do some research to find the best ones for you. You can also use a dividend reinvestment plan (DRIP) to reinvest your dividends automatically. This will help you grow your investment faster.

The best way to make passive income with dividend stocks is to invest in a diversified portfolio of stocks. This will allow you to reduce your risk and increase your chances of making money. The stock market comes with risks so speak to a professional or do your research before making a massive monetary investment.

Try stock investing for a passive income.

Top Features

Dividend stocks are a great way to make passive income.
You can also reinvest your dividends to grow your investment over time.
There are many different types of dividend stocks, so you will need to do some research to find the best ones for you.
You can also use a dividend reinvestment plan (DRIP) to reinvest your dividends automatically.
The best way to make passive income with dividend stocks is to invest in a diversified portfolio of stocks.

Websites to Check Out

Become a Headhunter

Overview

You can make passive income by becoming a headhunter. A headhunter is someone who helps companies find employees. You will be paid a commission for each person you help to find a job. The more people you help to find a job, the more money you will make.

Top Features

You will be paid a commission for each person you help to find a job, meaning the more people you help to find a job, the more money you will make.
You can help companies to recruit employees, which involves finding potential candidates and conducting interviews.
You can also earn passive income by becoming a career coach, which involves helping people find jobs matching their skills and interests.
You can write resumes for people. This will involve helping people to present themselves in the best light possible.
You can also earn passive income by providing job search advice and helping people find jobs for which they are qualified.

Websites to Check Out

Rental Properties

Overview

You can make passive income by investing in rental properties. Rental properties are properties that you own and rent out to tenants. The more rental properties you have, the more money you will make. Having an extra monthly payment and extra income from a rental property is one of the best ways to generate passive income.

You can also earn passive income by reinvesting your rental income. This will allow you to grow your investment over time. Rental properties are a great way to make passive income. They offer you the potential to make money without working for it.

There are many types of rental properties, so you will need to research to find the best ones for you. You can also use a property management company to help you manage your rental properties.

The best way to make passive income with rental properties is to invest in a diversified portfolio of properties. This will allow you to reduce your risk and increase your chances of making money.

Top Features

You can also reinvest your rental income to grow your investment over time.
There are many types of rental properties, so you will need to research to find the best ones for you.
You can use a property management company to help you manage your rental properties.

Websites to Check Out

Buy and Sell Properties

Overview

You can make passive income by buying and selling properties. You can buy a property, renovate it, and then sell it for a profit. You can also buy a property and rent it out. The more properties you have, the more money you will make. You can also reinvest your profits to grow your investment over time.

It offers you the potential to make money without working for it. You can also reinvest your profits to grow your investment over time.

There are many types of properties, so you will need to research to find the best ones for you. You can also use a real estate agent to help you buy and sell properties.

Investing in a diversified portfolio of properties is the best way to make passive income with this method. This will allow you to reduce your risk and increase your chances of making money.

Top Features

You can buy a property, renovate it, and then sell it for a profit.
You can also buy a property and rent it out.
The more properties you have, the more money you will make.
You can also reinvest your profits to grow your investment over time.

Websites to Check Out

Buy and Flip Websites

Overview

You can create a passive income stream by buying and flipping websites. You can buy a website, improve it, and then sell it for a profit. You can also buy a website and rent it out. The more websites you have, the more money you will make. You can also reinvest your profits to grow your investment over time. It offers you the potential to make money without working for it. You can also reinvest your profits to grow your investment over time.

There are many types of websites, so you will need to research to find the best ones for you. You can also use a web designer to help you buy and flip websites.

Investing in a diversified portfolio of websites is the best way to make passive income with this method. This will allow you to reduce your risk and increase your chances of making money.

Buying and flipping websites can get you a passive income.

Top Features

You can buy a website, improve it, and then sell it for a profit.
You can also buy a website and rent it out.
The more websites you have, the more money you will make.
You can also reinvest your profits to grow your investment over time.

Websites to Check Out

A High Yield Savings Account And Money Market Funds

Overview

You can create passive income by investing in a high-yield savings account or money market fund. This is one of the safer passive income streams. You will not have to worry about losing your investment. You can also reinvest your profits to grow your investment over time. It offers you the potential to make money without working for it. A high-yield savings account is a good way to make passive income. You can also reinvest your profits to grow your investment over time.

There are many types of accounts, so you will need to research to find the best ones for you. A financial advisor can help you choose the right account for you.

Top Features

You will not have to worry about losing your investment.
You can also reinvest your profits to grow your investment over time.
A high-yield savings account is a good way to make passive income.
You can also reinvest your profits to grow your investment over time.
Investing in a diversified portfolio of accounts is the best way to make passive income with this method.

Websites to Check Out

Crypto Passive Income Opportunities

Overview

You can actually generate passive income with cryptocurrency. You can buy a cryptocurrency, hold it, and then sell it for a profit. You can also buy a cryptocurrency and rent it out.

The more cryptocurrency you have, the more money you will make. You can also reinvest your profits to grow your investment over time. It offers you the potential to make money without working for it. You can also reinvest your profits to grow your investment over time.

There are many types of cryptocurrencies, so you will need to research to find the best ones for you. You can also use a cryptocurrency exchange to help you buy and sell cryptocurrencies.

Investing in cryptocurrency carries risks so be sure to do your research.

Top Features

You can buy a cryptocurrency, hold it, and then sell it for a profit.
You can also buy a cryptocurrency and “rent it out” to gain interest.
Has the potential to be one of the more lucrative passive income ideas

Websites to Check Out

CD Ladders

Overview

A CD ladder is a savings strategy whereby you invest several certificates of deposit (CD) with staggered maturing dates. This means you can take advantage of higher rates on longer-term CDs and still have accessible short-term funds.

A CD ladder is one of the safer income ideas that offers you the potential to make money without working for it. You can buy a CD, hold it, and then sell it for a profit. You can also reinvest your profits to grow your investment over time.

You can also reinvest your profits to grow your investment over time.

There are many types of CDs, so you will need to research to find the best ones for you. A financial advisor can help you choose the right CD for you.

Top Features

You can buy a CD, hold it, and then sell it for a profit.
CDs are a relatively safe investment
You can also reinvest your profits to grow your investment over time.
Your nearest financial institution can help you find the best income stream for you

Websites to Check Out

Annuities

Overview

An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments. In return, the insurer agrees to make periodic payments to you for a certain period of time, usually after you retire. An annuity is one of the safer passive income ideas that offers you the potential to make money without working for it.

An annuity is one of the safer passive income ideas that offers you the potential to make money without working for it. It is a good financial investment and an easy way to make a residual income.

Investing in an annuity carries risks so be sure to do your research.

An annuity can provide you with a solid passive income stream.

Top Features

You can make a lump sum payment or a series of payments.
In return, the insurer agrees to make periodic payments to you for a certain period of time.
Offers you the potential to make money without working for it.
It is a good financial investment and an easy way to make a residual income.
It can be used as part of a retirement plan.

Websites to Check Out

Invest In A REIT

Overview

A real estate investment trust (REIT) is a company that owns, operates or finances income-producing real estate. A passive way to invest in real estate, REITs are bought and sold on major exchanges much like stocks. When you invest in a REIT, you can earn passive income from the property’s rental income.

REITs are a great way to passive income ideas that offers you the potential to make money without working for it. However, your monthly income will require you to invest money upfront.

There are many types of REITs, so you will need to research to find the best ones for you. A financial advisor can help you choose the right real estate investment trust for your portfolio.

Top Features

A REIT is a company that owns, operates or finances income-producing real estate.
You can earn a good income stream from the property’s rental income (sometimes they have tens of thousands of rentals).
When you invest in a REIT, you can earn passive income from the property’s rental income.
A passive way to invest in real estate, REITs are bought and sold on major exchanges much like stocks.
There are many types of REITs, so you will need to research to find the best ones for you.
A financial advisor can help you choose the right real estate investment trust for your portfolio.

Websites to Check Out

Invest In A Business

Overview

There are many ways to passive income ideas that offers you the potential to make money without working for it. Investing in a business is one of those ways. You can be a silent partner in a business and earn money from the profits that the business generates. This is a great way to make passive income if you have the capital to invest.

Top Features

You can be a silent partner in a business and earn money from the profits that the business generates.
This is a great way to make passive income if you have the capital to invest.
You can passive income ideas that offer you the potential to make money without working for it.

Websites to Check Out

Peer-to-Peer Lending

Overview

Peer-to-peer (P to P) lending is a type of passive income idea that offers you the potential to make money without working for it. With P to P lending, individuals can borrow and lend money without going through a financial institution. Lenders earn interest on their loans, and borrowers pay back the loan with interest.

P-to-P lending is a great way to passive income ideas because it offers the potential for high returns. However, you should be aware that there is some risk involved. Be sure to research P-to-P lending platforms before investing.

A financial advisor can help you choose the right peer-to-peer lending platform for your investment portfolio.

Top Features

P-to-P lending is a type of passive income idea that offers you the potential to make money without working for it.
With P-to-P lending, individuals can borrow and lend money without going through a financial institution.
Lenders earn interest on their loans, and borrowers pay back the loan with interest.
P-to-P lending is a great way to passive income ideas because it offers the potential for high returns.

Websites to Check Out

How to Make Passive Income with Peer-to-Peer Lending

The Types of Peer-to-Peer Lending

Making Passive Income with Peer-to-Peer Lending

Wrap Up

There are many passive income ideas that you can use to make money without working for it. The best way to find the right passive income idea for you is to research and talk to a financial advisor. With the right passive income idea, you can earn a good income stream while you sleep!

If you’re interested in more money-making ideas, check out these articles on affiliate marketing programs, making money from home, and making money online.

What are your favorite passive income ideas? Share in the comments below!

Thanks for reading!