4. Create a print-on-demand store
Creating a print-on-demand store is similar to dropshipping in that you only pay for the product after selling it. To do this you will work with suppliers to customize white label products such as t-shirts, books, backpacks, and posters to then sell on a per-order basis.
5. Sell digital products
Selling digital products could include downloadable or streamable files for Kindle books, PDFs, plug-ins or templates. Because they have higher profit margins, digital products are a good source of passive income. You essentially only need to create the asset once and you can sell it repeatedly.
6. Lead online courses
To teach an online course, you can simply pre-record the course and begin selling them without many hinderances. Like selling digital products, you can sell the courses online without needing to hold any stock or inventory. As with so many forms of passive income, a lot of the time and investment comes in the beginning.
7. Become a blogger
To become a blogger, you do not have to be a celebrity to earn money. If you can find readers through one or two platforms, you can then send them to your website. While it can take a little time, you can create compelling content to help grow your audience and generate a solid passive income stream. This income stream can come from either ads that you show, sponsorships, affiliate marketing, or products that you sell.
8. Sell homemade goods
You will have to invest the time and materials to sell homemade goods online as well as an online store to hold your products. However, once you reach that phase, you will have plenty of options for sites to sell online, such as Amazon, eBay, or even your own online store.
