12 ideas for passive income in 2023
The opportunity to receive passive income always looks like a good idea, but during a pandemic it becomes especially relevant. How to create sources of passive income? Consider in the article.
Passive income is a type of income that requires a minimum investment of time and effort. But it’s worth immediately dispelling the main misconception: passive income does not mean that you need to sit and wait for account replenishment, while doing nothing. Almost every type of passive income requires some work and investment, especially at the start. After that, it will generate income without requiring your activity.
In the article we will analyze 12 ideas for passive income. There will be no offers for the purchase of securities, cryptocurrencies and trading on the stock exchange. All ideas are available for implementation, they are suitable for beginner entrepreneurs and do not require specific knowledge.
1. Car as a source of passive income
You can rent your car to taxi companies or rental companies. But you should understand that just giving the car away and waiting for income will not work. Everything will have to be controlled. First, you need to understand the legal side of the issue. Secondly, to select a competent tenant (individuals, transport companies, local taxi companies, aggregators) and determine the conditions for cooperation with them. Thirdly, it is worthwhile to draw up a plan for the income and expenses of the project in advance in order to determine how profitable it is in your particular case.
As a rule, in a city with a million population, a rented car can bring 1-1.5 thousand rubles a day, and 30-40 thousand rubles a month. But you should take into account the wear and tear of the car, possible repairs, maintenance costs, insurance, etc.
This idea is suitable for those who are well versed in the intricacies of the work of taxi companies and transport companies.
So, in theory, this is a highly profitable business, but, as practice shows, the process is very risky and troublesome. For example, to reduce the risk, you can rent a car not as a taxi, but for personal use - often companies rent cars for their employees. Or choose another way of passive income on the car.
An easier and safer option is to use the car as an advertising medium. All you need is to advertise on your car. To find clients, you can contact advertising agencies, place an ad on Avito, or look at specialized services like Wrapify and Carvertise.
The amount of income will depend on the advertising space: the larger it is, the higher the income. For example, a large banner can be placed on a truck - thanks to such advertising, you can earn about 10 thousand rubles a month. A lightbox placed on the roof of a car brings in 3-6 thousand rubles a month.
2. Renting out your property
You can rent not only transport, but also other property: various equipment, furniture, appliances, special tools, clothes for photo shoots, a photo zone, etc. In this collection, we have collected 20 ideas for making money at the box office .
3. Development of games and mobile applications
An up-to-date and profitable idea. The mobile app market is growing steadily every day. There are many new products that generate a lot of income. The plan of action is this: you develop an application, upload it to the app store or your own website, and then start earning passive income. This may be payment for the application itself or a piece of content; or pay for in-app ad impressions.
It is worth bearing in mind that it takes certain skills to create an application, and investments in advertising are required to sell them.
4. Selling stock photography or copyright illustrations
Photographers, artists and illustrators can make money from their work online. To do this, there are a huge number of photo stocks, exchanges and other services that allow you to sell images.
The general scheme of earnings looks like this:
You can post your work on photo stocks - special sites where the author receives money from each sale of the work. The most popular photo stocks are: Shutterstock, Depositphotos. There are a huge number of them, so you can choose the right option for yourself. Beehance, Dribbble platforms are suitable for selling illustrations.
But in order to reach a high income, you will first have to work hard and create a large portfolio. The more content there is, the more downloads and, accordingly, the money. It is quite possible to earn 40 thousand rubles a month or more on photo stocks. But for this, the portfolio should also consist of 1-3 thousand photos.
We wrote in detail about making money on photo stocks for beginners here .
And in this collection you will find 20 more ways to make money online as an artist .
5. Garages and parking spaces
Renting out real estate is a standard form of passive income. But if the purchase of housing requires significant cash investments, then the cost of a garage or parking space simplifies entry into the rental market. So this is a suitable option for beginners whose starting capital is limited.
In a small town, a garage can be purchased for 50-100 thousand rubles. In large cities, you will have to pay about 100-250 thousand rubles.
The rent for garages is on average 2-5 thousand rubles, depending on the region. A detached building near the road can be rented out more expensive - it is suitable for small businesses: service stations, tire fitting, etc. The profitability of renting a garage is much higher than that of renting apartments: on average, this is a yield of 20%, while renting a house brings about 10% profit.
Renting a car space is just as important. The problem with parking is exacerbated by the growth in the number of car owners. Every year the number of cars increases, the land is built up with high-rise buildings, and there is very little space left for parking. These conditions form the demand for parking.
It is profitable to purchase parking spaces before the delivery of a new house, because the cost of parking after the completion of the project increases by 40-50%. This means that even if you change your mind about renting and want to sell a parking space, you can already earn money on this deal. In general, the profitability of parking rental is 15-20%.
And you can also open your own business in the garage itself! This will, of course, not be passive income, but you can choose a business to your liking, which will generate income and not take much time. 35 profitable garage business ideas read here .
6. Creation and sale of information products
If you are an expert in some area, you can earn money on information products: sell courses, training materials, webinars, guides, etc. Despite the fact that the topic has long been heard and actively used by many, it is still relevant. The main thing is to create a quality product, not a hack.
The essence of the idea is this: you create 1 information product, and then sell it many times. The sales mechanism can work automatically if you set up all the tools.
You can read more about how to sell information products here .
7. Making money on social networks
You can create your own blog, channel, public - and connect various ways of earning to it: from advertising, selling your products and ending with donations (rewards from grateful subscribers). There are a lot of earning schemes. For example, you can create a channel on some service and make a subscription to your account paid. Or you can earn money by streaming and watching video content.
If you do not want to create your blog from scratch, then you can buy a ready-made project and make money on it. The owners of successful publics and channels often sell their resource, which has already gathered a certain audience. Examples of such offers can be studied on exchanges such as Trade-groups.
You can find materials on how to start making money in various social networks in a special section of our website " Internet business and media ".
8. Affiliate programs
Affiliate program is an interaction between an advertiser and his partner who sells.
Any person can earn in this way - the owner of the community, the owner of the account, and even those who are not registered in social networks.
The schema looks like this:
Search for affiliate programs is available on CPAseti.com, Bintrader, Monecle LetyShops and other similar services.
Your earnings consist of a percentage of advertisers' sales or a fixed amount. You won’t earn much on this, but the idea can be considered as a source of additional income.
9. Buying Income Sites
Recently, such a source of passive income as the purchase of a ready-made website has gained popularity. There are unprofitable and profitable projects, so sites are constantly selling and buying.
Where can I buy a site? There are various services that allow you to buy or sell a site and ensure the security of transactions. Services act as an intermediary and receive their percentage of the transaction. Exchanges where you can buy a site:
As a rule, the price of the site is calculated based on the payback of the project. But it all depends on the method of monetization: sites with passive income are more expensive.
Thus, buying a website is a profitable investment that can quickly pay off and make a profit. The main thing in this business is to be able to correctly analyze offers and buy promising sites.
10. Sale of old things and trash
In times of crisis and limited resources, these areas can become profitable. There are many successful directions for implementing the idea of making money on old things. For example, here are some of these ideas:
Read more about how to make money on old and unnecessary things, read here .
11. Rental of billboards
Outdoor advertising is always relevant and in great demand among customers. Therefore, you can earn a lot of money by renting advertising space. For example, roller shields. Such structures are installed on busy city streets and do not take up much space. Many billboards are equipped with a scrolling mechanism - this allows you to show up to four advertisements from different customers.
One billboard can bring about 15 thousand rubles a month. And its installation takes about 70 thousand rubles. This means that in a few months you can recoup the initial investment.
The main problem in this case is to get permission to install a shield in a place of interest.
It is also worth mentioning other profitable passive income ideas that are associated with advertising: advertising in elevators, on street screens, video stands, etc. Everywhere the principle is the same - we install advertising space, rent it out and get income.
12. Vending
Vending is suitable for those who want to get maximum profit with minimum effort. Starting such a business is quite simple and fast, with an initial capital of 100 thousand rubles. With this money, you buy a vending machine for a certain product, install it in a crowded place and start earning. Your participation in the business is minimal: it is enough to come 2-3 times a week to replenish goods or consumables and collect the proceeds.
The most popular vending machines brew coffee and dispense snacks. But today the vending format is relevant for a variety of goods and services. A vending machine selling jewelry, lenses, flowers, accessories for smartphones, a vending machine for printing photos from social networks and photo booths - all this can be attributed to the vending business. And here is a selection of 90 unusual vending machines .
The essence of this format is the possibility of a quick start with little investment and minimal participation in the business.
How to create passive income from scratch
Finally, a few tips for those who aspire to create passive income:
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