With the uncertainties that the world is facing right now, you might be interested in venturing into the online world and wants to learn how to generate passive income online. I got your back! In this article, I laid out all possible ways and opportunities on how to generate passive income online without breaking the bank.

Read throughout the article and learn how to generate passive income online and or make extra income online while on quarantine or lockdown. 

All these ways to make extra income online are passive and you can start any of these right now while staying at home or while working full-time. 

And what’s good about these ways to generate passive income online is it does not require your big investment. You can organically grow these online businesses, it just takes time and patience while doing this. 

Theses ways to generate passive income are not a get-rich-quick system. I do not believe in such things, so beware of scams promising to make you money quickly.

During this pandemic situation, many people were laid off from their jobs, companies went bankrupt and people need to stay at home. So I decided to write and summarize these ways to create an online stream of income while on lockdown to give insights to people who have not yet ventured into the online world.

And oh, by the way, you do not need to be an expert, experienced, or anything else. All you need to do is a good plan, right mindset, patience, hard work, and dedication.

Here we go! 

You can also read also my previous article on Genuine work from home jobs withhout 2020

passive income

What is Passive income?

Passive income means, an income flow derived from a property, an online business, an investment that continuously generates income without the person or owner being actively involved in it every hour of every day. It means you invest the time and money now, water the business once and a while and the business will generate an income for you. 

Now don’t get me wrong, I still mean that you need some tweaks here and there, invest time, etc, but there is a big difference working for your passive stream of income a few hours in a day than working every hour of every day to make money. 

That is why I prefer to invest in passive income businesses that make me money while at home or on vacation rather than burning hours and hours at work working for others.

Passive income is the opposite of an active income. 

Affiliate Disclosure: This blog contains affiliate links. I get paid with a certain commission for every successful sale or sign-up WITHOUT any additional cost on your part. I am an independent affiliate marketer and is not in any way related to the personalisties and companies mentioned in this blog post.

Ways on how to generate passive income online

1. Blogging

Wait, don’t skip this! You will never know the power of blogging unless you will understand how it works and why blogging is one of the best ways of creating a passive income stream online.

how to start a blog

 What is blogging?

Blogging is a record of thoughts, experiences, informations, etc that a person writes down for other people to read. it usually helps other people find a solution to their problem, enlighten readers, and the like.

I have written an article about the basics of blogging and you can read it here.

Ok, don’t be scared when you see the word Blogging. You do NOT need to be a professional writer, a journalist, an expert in English, etc to start a blog. 

 Why is blogging a source of passive income?

I say blogging is one of the best ways to create a passive income online because you work at the start, start creating quality content articles, publish them, and as time goes on, your blog will gradually generate traffic and the passive income starts to flow.

Anyone can start a blog wight now. And you do not need a big investment to start a blog.

 Here’s what you need to start a blog:

  1. Domain. A domain name is the address or name of your website. This is usually the brand name that you want to own and register. 

          You can buy a domain name at a cheap price through Godaddy.com and Namecheap.com or you can just simply search on Google other websites to buy a domain. 

           Usually, a domain name will cost between $00.99-$20 per year. Prices vary depending on if you want a domain name with .com, .net, .org, and depending on the niche. 

2. Web Hosting. You need a web host to host your website. You can try the web hosting platforms below and see what you want to use. Below are my top 3 web hosting recommendations.

If you want to get a guided tutorial or beginner’s guide on how to start a blog and monetize with affiliate marketing then you can check Wealthy Affiliate. The Wealthy affiliate does domain name registration and web hosting too. So you have everything in one place.

You can read more about Wealthy Affiliate here. (Take note that Wealthy affiliate is for beginner) . I do not recommend using this if you are an experienced or advanced blogger. 

3. SEO Keyword tools. Of course, you want to write a blog that people search for and want to read. You need to do keyword research to plan for the niche or topic of your blog. Go for long-tail keywords that are not highly competitive especially if you are just starting.

These are the free and paid keyword tools to use: You can choose any of them.

  • SEMrush (Paid)
  • Jaaxy (Paid)
  • Google keyword planner (Free)
  • Ubersuggest (Free)

4. Grammarly. Grammar error corrector to help you write like a pro. The free plan is a good one to start with.

Where to get ideas for your blog post?

  • answerthepublic.com
  • Forums like Quora
  • Reddit
  • Google search bar
  • and many more

How to monetize a blog?

  • Affiliate marketing 
  • Google Ad-sense and other media ads sources
  • ECommerce 

2. Affiliate Marketing

Affiliate can be a passive and active online income source. If you are doing a blog, then one way to monetize it is through affiliate marketing.

Affiliate marketing is one of the best ways to make money online either as a side hustle or a fulltime. You can do affiliate marketing from home or anywhere.

Watch the free affiliate marketing webinar here.

affiliate marketing

What is Affiliate marketing?

Affiliate marketing is promoting other people’s products either physical or digital and get paid with a certain commission depending on the affiliate product you are promoting.

Read more about affiliate marketing here. 

What do you need?

  1. Affiliate product. (You do not need to have your affiliate product)
  2. Traffic medium or source. 

       You can promote your affiliate link organically or through paid traffic. It all depends on your budget. Organic traffic takes time while paid traffic gives you results faster. But you need to invest in advertisement.

Where to get Affiliate products?

  1. Clickbank. Clickbank houses thousands of affiliate products in different niches, and they even teach you how to do affiliate marketing with Clickbank on their Clickbank University course.
  2. WarriorPlus. If you want to promote digital affiliate products then chek Warriorplus
  3. ShareASale. You can find physical or digital products on ShareASale.
  4. Maxbounty. This is a CPA (click-per-action) affiliate marketing.

There are other ways to find affiliate products, you can type the brand name plus “affiliate” in the search bar to see if a certain brand or product has an affiliate program. 

There are affiliate programs that you can apply and be accepted right away while you need to apply and wait for approval on other affiliate programs.

3. Sell your online course

This has been an exploding way on how to make extra income online. This digital era has made a way for people to easily create and sell an online course. 

What are your skills and expertise? Why don’t you create and sell them online? Someone out there is searching and is willing to buy and learn what you are going to offer.

Example of online courses:

  • How to attain financial freedom?
  • How to start and monetize a blog?
  • How to start and monetize a YouTube channel?
  • Yoga for beginners
  • How to attain a flat belly?
  • How to train your dog?
  • and many more

The above mentioned are just examples so you have what I mean of creating and selling an online course.

The online course is a passive income source because you create the course now, put it in the market and it will generate income for you without you doing anything about it. 

You will create the course once, do the marketing, and the income will flow in your pocket even as you sleep.

You can use Groovefunnels and or Teachable to create your course.

4. Create and sell an ebook 

Just like creating an online course, eBooks are a great way to create an income source online. And yes it is a passive income source. 

You do not need to be a journalist, a writer to create an ebook. You can source out this if you do not want to write it on your own.

Checkout my review about Sqribble, the ebook software and tool that letss you create ebook in minutes.

Where to source out ebook content creation?

  • Fiverr
  • Upwork
  • and other similar websites.

You can sell your ebook on Amazon Kindle publishing, GumRoad, on your website or blog post, and other platforms.

Why ebook? Ebook is easier to create and sell. You do not need to ship or make an inventory. All you need to do is Upload the ebook on your chosen platform where you want to sell and then customers can easily download them after payment. Thus skipping waiting time and shipping.

Customers prefer ebooks as it is accessible anytime anywhere on there phone or tablet without carrying and holding a physical book.

4. Create a YouTube Channel

ok, wait don’t be terrified! You can start a YouTube channel even without showing your face. Not all people want to be on camera, I get that. I too am afraid at the start when I hear the word create a YouTube channel. 

There are many things you can do with YouTube. And it’s not and never too late to start a YouTube channel. Make some research on what is trending and what people are searching on YouTube, and make a video about it. 

Do not try to create a very competitive niche. Target low competitive keywords to start with.

YouTube channel

How to succeed on YouTube?

  • Post regularly and consistently (Don’t get disappointed if you are having low views, everyone starts at that point. Just be consistent and never give up)
  • Target low competitive niche and keywords
  • Create an eye-catching thumbnail. (You can use the free plan of Canva)
  • Model what your competitors are doing
  • Provide value to your viewers
  • See what’s trending
  • Post and post and post more!

What do you need to start a YouTube Channel?

Generally speaking, your phone is all you need or a laptop and some editing software.

  • Openshot.org (Free Video editing software)
  • Vidnami (Paid Video editing software)
  • Canva (Free and paid graphic design software)
  • TubeBuddy (YouTube SEO tool Both FREE and paid)
  • VidIq ( YouTube SEO tool both free and paid)
  • Renderforest (Free and Paid Video animation)

You do not need any experience to start a YouTube channel. It’s quite scary to start a YouTube channel at first but the most important thing to do now is search for a low competition but have enough traffic to target, create your videos and post regularly. Rinse and repeat and you will slowly see your channel grow.

It’s not easy but better get started now than never.

How to monetize and make money on a YouTube channel?

  1. YouTube ads
  2. Affiliate marketing
  3. Ecom products
  4. Digital products
  5. Course promotion

If you do not see some growth on your \YouTube channel, try doing YouTune SEO keyword search to optimize your channel, regularly post videos and promote it on Pinterest, Reddit, Facebook pages, and the like. Promote ethically and do not spam forums and social media platforms with your link all over. 

YouTube is a good income source, your video now might not getting views but maybe later on it will gain momentum. And your video will always be there to make money for you for as long as it’s getting traffic and views.

5. Podcast 

This is additional revenue that online marketers and entrepreneurs are venturing into. Podcasting is one of the best ways to create passive income online.

Podcasting is gaining popularity amongst big industry experts and personalities because through Podcats, they can grow their brands, gain sponsorships where they can make money through podcasts, reach other audiences, and many more.

Through podcasts, you can lay out more of what your brand is all about, of what your podcast is all about, etc. You can get to interview successful people that are related to your Podcasts niche.

You can get clients for your coaching business and sell your courses through podcasts.

Conclusion: The 5 best ways to generate passive income online are blogging, affiliate marketing, selling your online course, creating and selling ebooks, creating a YouTube channel, and podcast. These are one of the best ways to create a stream of passive income online. All of these can be started from almost zero investment to minimal investment.

If you want fast progress then, of course, you need to invest more time and money. As they say, you need to invest money to make money. Investments in these ways of making money online do not break the bank.

The above mention will not work if you have a close mind if you are the type of person who just searches for ways to make money online, read, and will not take action. These making money method does not work for pessimistic people.

If you are willing to invest time, energy, and money and is consistent with what you do then you will see success in life.

These are not a get-rich-quick system, all of the above mentioned takes time before you will see the results. Results depend on the work you put on now.

You can also read also my previous article on Genuine work from home jobs withhout 2020

Affiliate Disclosure: This blog contains affiliate links. I get paid with a certain commission for every successful sale or sign-up WITHOUT any additional cost on your part. I am an independent affiliate marketer and is not in any way related to the personalisties and companies mentioned in this blog post.