7 Clever Ways to Make Passive Income at Home

Are you looking for ways to make passive income, but you don’t want to leave your house?!

In this article, you will find the most profitable ways to get started.

I will even give you a score to better decide which one can be the best for you.

A higher score will represent a bigger number for each criteria. 

It’s ok?!

Let’s get started

Best Passive Income Ideas To Do From Home

1. Start with Crowdfunding Real State

A cash-flowing rental property is a fantastic way to generate a monthly income. To make this truly passive, you can outsource the running of the properties to a management company.

However, the internet has made investing in rental properties easier than ever before. There are a lot of ways you can invest in rental properties depending on what your goals and interests are. 

You can be a limited partner in large residential or commercial properties or buy homes and be a landlord, all online, with companies like Fundrise or RealtyMogul.

  • Difficulty Level: 5
  • Income Potential: 3
  • Startup Costs: 1
  • Overall Rating: 3

2. Start with Dividend Investing

Dividend stocks are tried and true way to earn passive income. You will have to do plenty of research to find good stocks and invest a significant amount of money to receive large dividend checks. 

However, if you consistently invest money into dividend stocks you can amass a nice residual income over time.

For any of these investment opportunities, make sure you open an account at the best online brokerage, and get rewards while doing it. 

A good place to get started is with M1 Finance. You might not have heard of M1 Finance, but it’s a free investing platform that allows you to build a portfolio, and invest in it for free.

  • Difficulty Level: 5
  • Income Potential: 3
  • Startup Costs: 1
  • Overall Rating: 3

3. Publish eBooks with Amazon Kindle

Self Publishing is mainstream today. When you purchase an eBook off of Amazon there’s a pretty good chance you’re buying a self-published book. 

Self-publishing is also ridiculously easy. To self-publish a book, you’ll first need to write and edit it, create a cover, and then upload it to a program such as Amazon’s Kindle Direct Publishing. 

Don’t expect instant success though. There will need to be a lot of upfront marketing before you can turn this into a passive income stream.

  • Difficulty Level: 3
  • Income Potential: 2
  • Startup Costs: 1
  • Overall Rating: 2

4. Create an App

If you own a smartphone or tablet then it’s safe to assume you have several apps downloaded. 

But have you ever had an amazing idea for an app? If so, you could consider hiring a programmer to create your app for you. You could then sell it on the App store for residual income.

Just look at what happened with Wordle! A guy developed the app over a weekend, and started sharing it with his friends and family – and then it was acquired by the New York Times.

  • Difficulty Level: 5
  • Income Potential: 5
  • Startup Costs: 2
  • Overall Rating: 4

5. Renting Your Car

Similar to listing your place for rent, you can also list your car for rent. This can be truly passive because once you list your car, it can earn you income when you’re not using it!

The best app that I can tell you about to do this is Turo. Turo allows you to put your car out for rent, and when people rent it, Turo handles the rest!

The cool thing with Turo is that, depending on your location and what kind of car you have, you can make a decent passive income! 

  • Difficulty Level: 1
  • Income Potential: 2
  • Startup Costs: 1
  • Overall Rating: 1.3

6. Rent Out with AirBnB

This is another semi-passive income. Airbnb is getting more and more famous recently and some people are making even a full-time income out of it.

Do you have a spare room at home that you hardly ever use? You can become an Airbnb host and make some semi-passive income. 

I say semi because you’ll need to do some maintenance, like washing bed sheets and vacuuming the floor.

However, if you want to make it 100% passive, you can automate the process by delegating the operations to a third-party agency that can help you.

  • Difficulty Level: 3
  • Income Potential: 3
  • Startup Costs: 2
  • Overall Rating: 2.7

7. Sell Stock Graphics

Do you ever wonder where your favorite websites, blogs, and magazines get their photos and graphics? 

These are normally bought from stock photo websites. 

If you enjoy photography and graphic design you can submit your photos to stock photo sites and receive a commission every time someone purchases one of them.

You can upload your photos to earn money whenever someone uses them. Examples are Freepik, Depositphotos, Shutterstock, and Canva.

  • Difficulty Level: 4
  • Income Potential: 3
  • Startup Costs: 1
  • Overall Rating: 2.7

Wrapping It Up

Making passive income from home is pretty easy since you can leverage an internet connection to get access to multiple ways to monetize the needs that people and companies have in this online era. 

That is something to get advantage of.

If you are interested in knowing the best online business model for you, don’t forget to click this button below.

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