The ultimate guide to earning passive income online (2024)

Earning passive income is appealing to almost everyone, whether you're looking to earn some extra money outside of your day job, turn a hobby or skill into a side business, or establish multiple income streams to support your lifestyle.

In fact, one of the most common questions that readers write in to ask CNBC Make It is: How can I start a passive income business?

That's why we createdHow to Earn Passive Income Online,a new online course thatlaunched March 12 as part of the Smarter by CNBC Make It online learning series.

People with passive income businessesspend time up front creating products they can sell online, so they can eventually bring in ongoing revenue without a big weekly time commitment.Our courseprovides an overview of common passive income streams, from creating digital products like printablestoselling merchandise online using print-on-demand services. Itoffers tactical tips to get started and insights from people who've successfully done it themselves.

You'llget access to 90 minutes of instructional video content, split into shorter lessons from experts and real-world case studies, as well as a companion workbook with exercises and additional resources. The course is hosted by CNBC Make It reporter Megan Sauer and features entrepreneur and author Amy Landino, print-on-demand seller and educator Ryan Hogue, and e-commerce expert Bradley Sutton as instructors.

Success may not be instant or easy. But if you're willing to navigate the market, experiment and learn, you can buildpassive income into your life.

Learn more about the courseHow to Earn Passive Income Online, and sign up today.

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The ultimate guide to earning passive income online (2024)

FAQs

Can you really make passive income online? ›

People with passive income businesses spend time up front creating products they can sell online, so they can eventually bring in ongoing revenue without a big weekly time commitment.

How can I make $2000 a month in passive income? ›

Wrapping up ways to make $2,000/month in passive income
  1. Try out affiliate marketing.
  2. Sell an online course.
  3. Monetize a blog with Google Adsense.
  4. Become an influencer.
  5. Write and sell e-books.
  6. Freelance on websites like Upwork.
  7. Start an e-commerce store.
  8. Get paid to complete surveys.

How to make $1,000 dollars passive income a month? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
Apr 18, 2024

How can I make $1000 a day online? ›

How To Make $1,000 A Day
  1. Make Money Blogging.
  2. Create A Side Hustle Stack.
  3. Start An Ecommerce Business.
  4. Start A Service-Based Business.
  5. Retail Arbitrage.
  6. Passive Income Rentals.
  7. Use Geo-Arbitrage.
  8. Consulting.
May 24, 2024

How can I make $100 passive a day? ›

Some popular passive income strategies include investing in dividend-paying stocks, creating an online course, or writing an eBook. These methods require an initial investment of time and effort but can generate a daily return of $100 or more if executed correctly.

How can I make $10 000 a month in passive income? ›

Surya Prakash
  1. The Top 11 Ways to Earn $10,000 in Passive Income Each Month : Make Money Online. ...
  2. Dropshipping: The Gateway to E-Commerce. ...
  3. Using Endorsem*nts to Earn Through Affiliate Marketing. ...
  4. Etsy Print on Demand: Innovation Meets Business. ...
  5. Real estate crowdfunding. ...
  6. Creating and selling digital products.
Feb 10, 2024

How to earn $500 per day online? ›

Online Surveys – earn rs 500 per day

Take your free time and do 3-4 surveys to earn 500 rs per day. Start by signing up on reputable survey sites like Swagbucks, Toluna, or InboxDollars, and more. Consistency and perseverance are key to achieving your daily income goal.

What is the simplest way to make passive income? ›

11 Passive income ideas
  1. Make financial investments. ...
  2. Own a rental property. ...
  3. Start a print-on-demand shop. ...
  4. Self-publish. ...
  5. Sell worksheets. ...
  6. Sell templates. ...
  7. Create content. ...
  8. Create an online course.
Mar 18, 2024

What is the digital rental method? ›

A digital rental allows eBook access for a publisher-determined length of time. Access to content ends once the rental period expires. The product page displays rental duration and license details in the eBook Features section and at checkout.

How can I make $3000 a month as a side hustle? ›

How To Make $3,000 A Month
  1. Become An Online Freelancer.
  2. Use Get-Paid-To Websites.
  3. Try Delivery Gigs.
  4. Start A Blog.
  5. Start An Ecommerce Store.
  6. Invest For $3,000 In Passive Income.
  7. Use Other Gig Apps.
  8. Consulting.
4 days ago

How to make $100,000 a year in passive income? ›

Ways to Make $100,000 Per Year in Passive Income
  1. Invest in Real Estate. Rental properties generate income through tenants who pay rent each month to live in a property you own. ...
  2. CD Laddering. ...
  3. Dividend Stocks. ...
  4. Fixed-Income Securities. ...
  5. Start a Side Hustle.
Jul 28, 2023

How much money do I need to invest to make $4000 a month? ›

Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.

How to make income from home? ›

How to Make Money from Home: 23 Proven Ways
  1. Rent out rooms in your home. ...
  2. Become an online tutor. ...
  3. Rent out your car. ...
  4. Start a freelance business. ...
  5. Pet sitting at your home. ...
  6. Sell web domain names. ...
  7. 9. Make and sell homemade crafts, clothes, and art. ...
  8. Trade cryptocurrencies.

Can I realistically make money online? ›

Yes, you can make money online. In fact, making money online is an incredibly popular way to earn some passive income or even make a full-time living. According to Pew Research, approximately 1 in 6 Americans have earned money from online gig platforms.

How to make $100 per day online? ›

So, if you're ready to take control of your earning potential and add some excitement to your income sources, read on.
  1. Launch An Ecommerce Store.
  2. Become A Freelancer.
  3. Create and Sell Online Courses.
  4. Become An Influencer.
  5. Become An Uber/Lyft Driver.
  6. Online Tutoring.
  7. Become An Airbnb Host.
  8. Pet Sitting.

How can I make passive income legitimately? ›

25 passive income ideas for building wealth
  1. Create a course. One popular strategy for passive income is creating an audio or video course, then kicking back while cash rolls in from the sale of your product. ...
  2. Write an e-book. ...
  3. Flip retail products. ...
  4. Sell photography online. ...
  5. Dividend stocks. ...
  6. Rent out a parking space.
May 1, 2024

How much money do I need to invest to make $3,000 a month? ›

Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.

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