17 ways to generate passive income online

Anyone looking to make extra money can opt for a passive income source. However, depending on the business model you choose, you will need to know the appropriate channels to bring qualified traffic to the products or services you want to market. If you want to know the most profitable ways to obtain passive income online, we will show you the 17 ways to generate passive income online.

What is passive income

We call passive income a way of generating capital in a sustained and automatic way for a work done in the past. That is, at the beginning you invest time and money in getting or creating a product to earn extra money and then you make a profit without having to put more effort. This implies that you will continue to produce profits throughout the year.

This source of income can be a savings account, an ebook, a website, a course, or anything that makes you money over time. Sometimes it will require an investment of capital or talent, what counts is that it will only be once.

The advantage of the internet is that there are many ways to monetize both products and ideas.

Difference between passive and active income

If you understand the concept of passive income, it will not be difficult for you to differentiate it from the opposite: active income. The latter are also recurring income, but the product of an activity that you carry out on a daily basis. Contrary to making money while you sleep, they require your effort in a certain period of time to get them.

Unlike passive income, what you can accumulate depends largely on the time you have available to raise money. Since you cannot be active 24 hours a day, this limits the amount of capital you can make during a workday.

Why focus your business model on generating passive income?

Deep down, we all want to generate passive income or have other ways to earn extra money without having to put in so much effort and compromise our mental / emotional health. Perhaps the biggest problem is that people do not believe that they can start and have a profitable business that provides them with the financial freedom they seek.

Even believing that these ways of making money online are legitimate, few act on it, much less want to get involved in the matter. It should be noted that most passive income does not work without a fee of effort, dedication and even some periodic maintenance, which can scare many.

Those who have a business or a job can look for ways to make their capital work more and there are several ways to get extra money with a little ingenuity. These ways of monetizing have 3 main advantages:

They can be easily scaled . Passive income is scalable because you can have a growing user demand. This cannot be done with a normal job, which will require more time and effort.

They can be automated . Unlike active income, passive income has the advantage that you don’t have to work continuously to get it. You can invest a few hours a month, hire a team, or let digital systems handle the entire process.

You can enjoy life more and work fewer hours . As you make more extra money, you can reduce your obligations or even fire your job. When you achieve recurring income with your initiative, you will be able to share more with your family and dedicate yourself to other personal projects.

17 ways to generate passive income online

It can be said that real passive income is a way to start and achieve that financial freedom that we all want. In this sense, we have put together an extensive list so that you have several sources of income and can earn money from home or wherever you are.

Read more