10 Best Passive Income Ideas of 2018

Passive income ideas were a trending topic in 2018 as the waves die down a bit this year, but the fact has never changed that people are always looking for ways to increase their earnings and enjoy financial independence. In this article

I’m going to share the top 10 passive income ideas that made waves in 2018 and how you find them passive income opportunities In 2019 in those ideas. But first, if you are new to the topic, your first question will be what is passive income?

Passive income simply means residual income, that is, money that comes to you over time from work you did in the past or from something you do now that doesn’t require much of your time and effort. In other words, passive income is money you earn from a part-time job. It’s different from active income, which is the money you earn from work, from your salary.

A big question people often ask is whether it is possible to live off of their passive income. If you work on your passive income sources and create residual income streams, you can reach a point where your passive income can equal what you earn from your day job. And that’s the goal, to create multiple streams of passive income so that it eventually equals or exceeds what you’re making at your day job, at which point you can say you’ve achieved financial independence, because then you’re in control of your time, your money comes in to pay the bills even if you quit your main job and the system works automatically, you just manage it.

I think the question on your mind right now is, is there something you can do part time that will give you almost a full time income? Yes, there are, in fact there are. Here are the top 10 passive income ideas for 2018

  1. Affiliate marketing. Affiliate marketing offers a fantastic opportunity for people who don’t have their own products to take someone else’s good product and promote it for a profit on every sale. This is one of the easiest ways to earn passive income.

  2. Publication of electronic books. if you have an idea that can solve a specific problem, Kindle publishing provides an easy way to put it into book form and publish it. Publishing a book has never been easier. Many people have asked if there is a business you can start with no money. This is one. It’s all free, if you can write your book, edit it, create an attractive cover and write a good description for your book, you can start making money right away.

  3. Cryptocurrency. cryptocurrency has gained a lot of attention in 2018 as a source of generating residual income. Basically, there are two ways to make money with cryptocurrency. It’s trading and mining. The good thing about this system is that you can trade from your mobile.

  4. Network marketing. network marketing or multilevel marketing is one of the oldest businesses in the world, a system where you start at the bottom and work your way up. Although multilevel marketing may not sound like a buzzword, large companies use it to market products and individuals use it to reach great heights and generate passive and massive income for themselves.

  5. Freelancing. You must have heard of sites like up work, fiver, elance etc. where people go to get different types of digital work done for them. You too can start earning money right away if you have one of the skills that these sites require every day, such as article writing, article editing, book cover design, website development, etc.

  6. Blogging. yes people still make money blogging even though the market seems to be saturated. There are more tools that make it easy for anyone to create a blog and make it popular. Blogging is a good way to earn passive income, but it is not the fastest way to generate passive income. That being said, it’s also important to note that it’s one of the surest ways to build reputation and a longer-lasting stream of residual income if you do it right.

  7. Electronic commerce. this used to be for big companies, but today anyone can set up an e-commerce store and start selling digital products online using WordPress and woocommerce plugins.

  8. Skip delivery. this is related to the sale of physical products through well-established e-commerce platforms such as Aliexpress and Amazon. You don’t have to do any hard work, just research the best-selling products and promote them on your custom-built e-commerce store, linked to the main platform and supplied by the company, while you choose the profit.

  9. Mobile applications. there are more smartphones than people on earth today. And what is the power of these devices? Mobile applications. If you have an idea that can solve a problem, here is a residual income opportunity for you. You don’t have to be a developer to create a mobile app. You just need to come up with an idea and pitch it to a developer at one of the previously mentioned freelance sites to get it built.

  10. Video blog. YouTube is now the second most popular website in the world. If you are a video master, here is a passive income opportunity for you. YouTube, with its AdSense program and partner program, allows video content creators to earn on the platform.

These are the top ten passive income ideas trending in 2018. If you want to earn passive income in 2019, you can consider one of these as a starting point for building your residual income streams. But if you’re already making passive income online, I’d love to know how many of these passive income ideas you’ve tried or are making.