Though there is work required to make the items to sell, more and more people are selling digital products, like printables, on Etsy, which require little to no work once they’ve developed the initial product. Open an Etsy Storeĭo you enjoy arts & crafts? If so, you can sell your creations via your own Etsy store, a popular online store for handmade items. You can also redeem your earnings for gift cards to your favourite stores.

You can earn as much as 20% cash back, with Rakuten keeping track of your earnings and sending out payment via a monthly cheque or Paypal. All you need to do is sign up, then use the Rakuten website to access your favourite online stores. Rakuten has partnered with hundreds of online retailers. While it won’t make you rich, it can be considered passive income because you’re earning rewards automatically while completing tasks you already do regularly, like shopping. Rewards sites like Rakuten let you earn cash back when you shop online. Regardless, you can use the two terms interchangeably. In contrast, I consider rental properties, dividend income, and royalty income to be generally very passive. Examples of residual income include affiliate marketing, online courses, writing a book, or building a YouTube channel. People often use residual income to describe income sources that require an upfront investment of time or money. You may have heard someone say, “I’m making money while I sleep.” If the statement is accurate, they are likely referring to some form of passive income. You could say that passive income is disconnected from time and effort. Unlike a typical 9-5 job, passive income doesn’t involve a direct time and money exchange. Passive income refers to income that’s generated without much in the way of time or effort. Before we get to the list, let’s take a closer look at the meaning of passive income. In this article, we’ll cover side hustle ideas that will let you make money quickly and others that will take time, not to mention an upfront investment. This time, we’re looking at ways to generate passive income – in other words, making money without a lot of effort. In the past, we’ve covered ways to make money online, ways to make money from home, and ways to make money in your spare time.

Passive income ideas with little money