5 Passive Income Ideas For 2023 - Passive Income Online

Passive Income Online

Let's understand what passive income is. Well basically passive income is such an income source to earn which you do not have to make any effort actively. So, if you do not do some work and still, you are earning money from something then that is your passive income source. Now, You will get to know about "5 passive income ideas for 2023" but first read out an example about passive income source.

For example, If you are working in a company then as long as you keep doing that job, you will keep getting paid. But as soon as you stop working your salary will stop and you will stop getting income from there. So, it is not your passive income source. 

Let's say that, you have invested in a local restaurant business in your area and that restaurant is run by someone else Someone else manages So, even though you are not involved in the day-to-day operations of that restaurant you are not doing some active work Still because you are an investor in that restaurant whatever profit that restaurant will earn you will get a portion of it you will have an income source. So, this is a passive income for you, because without doing any work without putting extra effort you are earning money from there.

And do you know?

How many sources of passive income are there for an average millionaire. Not 1, not 2,not 3, 4, 5, 6.

7 sources of passive income for an average millionaire That's why it is important to have multiple sources of passive.

1) Etsy.com

Etsy.com is a marketplace which is very popular for buying and selling vintage products and handicraft items but very few people know that on Etsy.com. You can also buy and sell digital products and templates and digital products are basically digital templates or designs that any user can download and use.

For example

• Resume Templates
• Digital planners
• Social media templates
• Business cards
• Restaurants menus and many more.

And the best part about digital products is "MAKE ONCE SELL FOREVER". You only need to make it once and you can sell it for life without any extra effort. So now naturally a question may be coming in your mind that where will these digital products come from. Either you can make them by yourself, completely from scratch to use any designing software or you can also do it using platforms like Canva where there are already many templates available.

You can customize those templates by editing your own creativity and styling. And one can create your own digital template and sell it on a website like Etsy And once again, this will be your one-time effort you will not have to work repeatedly. And for this one-time effort you can keep earning money for the rest of your life. So, this is a great passive income idea for 2023.

2) Blogging + Affiliate Marketing

Blogging is also We all know, a very passive income idea or money-making source but very few people are able to succeed in earning a lot of money. Because those people mostly rely on Google Ads or do rely on sponsorship And it is very difficult to get that amount of traffic That you can earn a good source of income from there through simply advertising and that's where we will use affiliate marketing in our blogs.

We talk about products and services that our viewers and readers are interested in buying or using And whenever you talk about those products and services in your blog post you should also attach your affiliate marketing link there. So that whenever your readers click on that link buy that product or service you will get a commission for that purchase.

And this commission can vary anywhere between 5 to 20% and it can even go up to 50%. So, basically whenever your readers buy something by clicking your link then you will get 5 to 20% of the money they spend.

For example

You can write blogs on:

• Best trading apps
• Best crypto apps
• Fashion ideas for college student
• Top mobiles under 10 thousand rupees.

And in all these blog posts you can also put the link of your affiliate marketing because people who will read these blogs they will also be interested in purchasing these products and services And whenever he buys them buys through your link then you will also get commission And the product of this blog of yours the higher paying will be the more commission you will get the less traffic you will need.

In creating a decent passive income source And once again, remember this will be your one-time effort. You will not have to write that blog every day you will write a good blog once. So that blog will keep giving you passive income for years through affiliate income.

3) Dividend Stocks

You have to invest a little bit of your money and this idea is basically earning dividend income from stocks and mutual funds and you people who don't know dividend stocks are such stocks which pay high dividends to their investors.

And dividends are nothing but a part of a profit that a company makes. So, whenever you invest in a stock whenever you buy a stock, you become an investor in that company. You become the owner in that company whatever profit that company earns at the end of the year. It distributes a portion of that profit to all its investors and this is the profit that you get as an investor. That's what we call dividend.

So, let's say you have bought a company's stock worth Rs 10,000 and that year that company announced a dividend of 5%. So, you will get 5% dividend on your investment of Rs.10,000. 5% of 10,000 is 500 rupees then you will get Rs.500 as dividends. And remember that you will get these dividends every year and the value of your investment will keep on increasing.

By the way, the value of your dividend income will also keep increasing and you did not have to put any extra effort to earn this income. You just had to make a one-time investment then it will become a passive income for you.

If you do not have that much knowledge of stock market. If you do not know how to identify good stocks then you can also invest in Dividend Mutual Funds. And Dividend Mutual Funds are basically such mutual funds which invest in dividend stocks. So even by investing in such mutual funds you can earn dividend income without having to pick up stocks on your own.

4) Binance

This is very good for those people who have been already investing money in cryptocurrencies. And now they want to make even more money in the form of passive income without investing more money. And this is where Binance Earn comes into the picture.

Binance Earn is basically a portfolio of cryptocurrency products. Basically what binance earn does is it helps you make passive income using your own cryptos. So, you can earn really passive income through binance earn from your own cryptocurrency.

For example, If we talk about Flexible Savings or Fixed Savings then it is like your FDs. In which you can lock your cryptocurrencies and earn interest on them, you will get a little less interest in Flexible. Because there is no locking period in this you will get more interest in fixed, more passive income. But this will keep your cryptocurrencies locked in for a period of time and this is probably a doubt coming to your mind that crypto market is so volatile, never understand when it is up, when it is down at what time one should invest.

This is a fair concern and for this the binance gives you the feature of an auto invest which is basically and automated SIP plan So, you can simply go to your binance app click on this auto invest button to start your SIP and binance gives you a lot of options for this auto invest You can invest in BNB, Bitcoin, Solana, Ethereum, Polka Dot.

There are many other major cryptocurrencies options and how often you have to do this auto investment you also have the option that you can do it daily, you can do it weekly, you can do it by weekly and can do it on monthly basis too.

So, let's say I have subscribed for Bitcoin Auto Invest and my subscription amount is $1 and I choose the Daily option. So, every day on daily basis my $1 will be investing in bitcoin. So, if you are a crypto investor, this binance auto invest is a must have feature and a function if you want to protect yourself from the market volatility. And the best part about auto invest is that it is very-very easy to use.

It reduces your risk a lot and you get a very high A.P.Y in the long term and you people don't know binance is the largest crypto trading platform globally on which you can buy and sell more than 350 cryptocurrencies. If you also want to create your account on binance earn passive income through binance earn and wants to earn up to rewards of 300 dollars. So, click on Binance here. There you can create your account on binance.

5) Selling Notes Online

This is a very good idea for school students, for college students or for people who have recently prepared for any competitive exam. And this idea is basically selling your notes on online websites like studypool, nexus notes and stuvia. And basically, all these are online platforms, websites where you can upload your notes and sell them to other people.

And all the students who are globally can download your notes and use it. And every time someone download and uses your notes you get paid for it.

So, if you have written your notes in digital format only or you have created a word document of it or if you have written notes in any online format then you can simply upload them to such websites. But on the other hand, if you also have handwritten notes. So, you can simply create a PDF by scanning them, compile them and uploading that PDF to such websites to sell them. Every time someone download your notes you get paid for it.

For examples

On studypool.com you can get paid up to 10 dollars per download. So that means you can earn up to Rs 800 every time a student uses your own notes and your notes can be of any subject Business, Mathematics, Humanities Science, Medical, Economics, Engineering and many more categories are available. You can check by visiting their website.

Alternatively, if you do not sell your notes on these websites then you can do one more thing. Once again you can compile your notes and make a PDF and make an e-book out of it and then you can sell your e-book on a website like Amazon. So even here you are seeing that you have a one-time effort you have to put one time effort compile your notes and upload them. Then every time, someone uses your notes in future, you'll get paid for it.

FAQ's

Qno1: What passive income ideas will be popular in 2023?

Ans:   Ideas would be:

• Blogging +Affiliate Marketing
• Selling Notes Online 
• Dividend Stocks
• Etsy.com
• Binance

Qno2: What will make money in 2023?

Ans:    You can buy and sell digital products and templates and digital products are basically digital templates or designs that any user can download and use.

For example

• Resume Templates
• Digital planners
• Social media templates
• Business cards
• Restaurants menus and many more.

Qno3: How do you get 5 passive income?

Ans:   These are the 5 passive income ideas:

• Blogging +Affiliate Marketing
• Selling Notes Online 
• Dividend Stocks
• Etsy.com
• Binance

Qno4: How to earn money online 2023?

Ans:   You can earn by writing blogs on:

• Best trading apps
• Best crypto apps
• Fashion ideas for college student
• Top mobiles under 10 thousand rupees.

Qno5: What should I invest in for 2023?

Ans:   You have to invest a little bit of your money and this idea is basically earning dividend income from stocks and mutual funds and you people who don't know dividend stocks are such stocks which pay high dividends to their investors.

Qno6: What is the easiest passive income to start?

Ans:   You can earn by Binance. This is very good for those people who have been already investing money in cryptocurrencies. And now they want to make even more money in the form of passive income without investing more money. And this is where Binance Earn comes into the picture.

Binance Earn is basically a portfolio of cryptocurrency products. Basically what binance earn does is it helps you make passive income using your own cryptos. So, you can earn really passive income through binance earn from your own cryptocurrency.

Qno7: What are the 7 sources of income?

Ans:   You can earn by these 7 online jobs:

• Contract Writing
• Graphic Design
• Web Developer or Web Designer
• Business Marketing
• Video Editor
• Social Media Manager
• Freelance writer

Qno8: What is the most profitable passive income?

Ans:   The most profitable passive income should be earn by doing the online work from home on different websites like Redbubble, Fiver etc.