Passive Income in 2023 Idea 1: Best Passive Income Ideas 2023 | How To Make Passive Income 2023
In this video I’m going to show you the top 12 best passive income ideas in 2023, exactly what they are, including the number 1 passive income idea in 2023 where you can make – $800 a day.
So if you don’t know, Passive income in 2023 is income that once set up — requires minimal work to earn and maintain.
There are SO many sources for passive income in 2023 they can come from, ranging from selling products online to old school ways such as investing.
I do want to warn you, setting up a passive income stream in 2023 does require some hard work at the beginning. But — in the long-term, it can add to your personal finances and can provide so much freedom. Which is really what we’re all looking for.
I’m here to help you get started and point you in the right direction with the top 12 best passive income ideas in 2023, so let’s jump in with the 12th best passive income idea in 2023.
Passive Income in 2023 Idea 1: Create a print-on-demand store
If you’re an artist, designer or other creative, starting a print-on-demand store is a way to monetize this creativity.
Basically, you work with suppliers to customise products like t-shirts, posters, journals or other items and sell them on a per-order basis.
You only pay for the product, after you sell it. This saves you from buying in bulk. It’s a low-risk business idea that you can start up and get running super quickly.
Passive Income in 2023 Idea 2: Sell digital products
This is another idea for entrepreneurs and creatives with a skill set they can share. It’s about selling downloadable or streamable files and products that media consumers can’t touch physically themselves. They offer high-profit margins as you only need to make the product once and then you can sell it repeatedly online – with no need to hire either a huge container to store the products or a studio to create even more.
A digital product can include online courses, selling stock photos, designs, websites, NFTS, and digital guides – think about what skills you have and how you can monetize this as a product?
Passive Income in 2023 Idea 3: Buy and flip websites
If you have any experience creating eCommerce websites, you can earn an easy passive income from building and selling them to people wanting to buy a pre-built eCommerce store.
Passive Income in 2023 Idea 4: Become an Instagram or Tik Tok Influencer
If you love using Instagram and Tik Tok and have a community on social media – or you like the idea of building one, then this is a great idea for you.
You can make money through selling merch, and partnering with different businesses to sell products to your followers.
Passive Income in 2023 Idea 5: Create an App
You don’t have to be an experienced coder or designer to create an app! There are so many platforms that provide anyone with the tools to create their own app.
Once you’ve decided what sort of app you want to create – through thinking about what niche it will cater towards and what problem it will solve – you can then monetize it!
Idea for monetizing an app include creating subscriptions, putting in ads or making users pay to download the app.
Passive Income in 2023 Idea 6: Become a blogger
This will take some upfront time and investment but if you love writing and sharing ideas – this is the passive income stream for you.
There are so many content management systems and website platforms that mean it won’t take long to set up your blog. And the best part is – you don’t need any design or coding skills.
Once you’ve set up your blog, you can earn passive income through selling affiliate products, creating sponsored posts, selling your own products and running ads through Google Adsense.
Passive Income in 2023 Idea 7: Start a Youtube channel
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I’m Chris Winter and on this channel I make finance videos on:
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• Best Stocks To Buy & Invest In
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• Print on Demand
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