Last updated on March 22nd, 2022 at 01:05 pm.
Working from home during the pandemic has made some people rethink their current financial situation. Some have more time to spare because there is no need to commute to work and do other preparations.
This time can be put to better use – and it could be an attempt to create a passive source of income online. Given how many people are online, there are multiple opportunities to profit from it.
The methods below should give you a general idea of what you can work with, even if you have only a couple of hours every day to spare. At the end of the day, it is all about the willingness to work and learn.
Methods to Create a Passive Source of Income Online
- 1 Method #1 – Starting a Print on Demand Venture
- 2 Method #2 – Learning Social Media Marketing
- 3 Method #3 – Creating Online Courses
- 4 Method #4 – Writing a Blog
- 5 Method #5 – Streaming on Twitch TV
- 6 Method #6 – Completing Surveys Online
- 7 Method #7 – Becoming a Virtual Assistant
- 8 Method #8 – Learning New Skills
Method #1 – Starting a Print on Demand Venture
Print on demand and ecommerce as a whole happens to be in a pretty good spot. Global sales are projected to reach almost 5 trillion dollars in just a few years, and it does not look like this trend of constant growth is going to stop in the near future.
Starting a brand-new store from scratch is time-consuming. Nevertheless, you can work with Printify that has a network of quality print-on-demand providers, as well as other perks.
Once things pick up and you start to see your first profit, you can look to scale the business via marketing even if you do not have that much time to spare.
Method #2 – Learning Social Media Marketing
Learning all the ins and outs of social media marketing is a good investment for the future as well. The most popular platforms continue to attract more users. Moreover, you have new and emerging social media websites that could become the next big thing in the future.
Brands are investing heavily to make sure that their presence is felt on multiple fronts and reach as many potential customers as possible.
You can turn into someone who consults the businesses and helps them run social media campaigns. Or, if you want, you can try to become an authority yourself and create a channel that you can monetize later.
Method #3 – Creating Online Courses
Sharing knowledge with others is a rewarding experience. On top of that, you can make money by creating insightful courses and selling them on platforms like Udemy or Skillshare.
The demand for online education is quite big as more and more people are looking to improve their skills or learn something new and change their careers.
If you have the experience to share with others from your work or anywhere else, becoming an online course creator could be one of the best jobs out there.
Method #4 – Writing a Blog
Some bloggers started with this method as a hobby but stuck to it until it became possible to monetize the audience. Consistency is going to be one of the keys. If you want to become a successful blogger, make sure you never run out of ideas. Or have a lineup of guest bloggers prepared.
Monetization comes from running ads, adding affiliate links, promoting digital goods, or even creating a crowdfunding page and depending entirely on the support of your fans.
Method #5 – Streaming on Twitch TV
Some streamers have it easy as all they do is sit in front of a computer and stream video games or something else. They receive money from viewers.
Of course, not everyone can become a successful streamer just like that. There is work to be done, and your personality should also be something that potential viewers find enjoyable.
If you think that you have what it takes to make money on Twitch TV or another streaming platform, go for it. At the end of the day, there is nothing to lose. And who knows, you could potentially become one of the best.
Method #6 – Completing Surveys Online
Online surveys are one of the simplest methods you can find. You can make some extra money by filling surveys on your smartphone, tablet, or computer. Do a quick search online and see which surveys are offering the best payments. Keep refreshing, and you should be able to make something extra every day.
Method #7 – Becoming a Virtual Assistant
A virtual assistant position could be a great stepping stone to those who lack experience but would like to learn from someone who knows what they are doing.
VAs are hired by people who are unable to finish everything in time, and letting another person do some of the tasks is a more efficient route.
Method #8 – Learning New Skills
If you have some time to spare, why not learn some skills that could prove useful in the future? Graphic design, SEO, copywriting, coding, proofreading, and transcribing are just a few examples that you could turn into an opportunity to make more money.
Hope you can choose the perfect method from the list of passive source of income online for you.