What Passive Income Isn’t:

1. A Quick-Fix Scheme:

   Success in passive income doesn’t come overnight. Expecting to earn substantial amounts in a short period is unrealistic; dedication is key.

2. A Scam:

   There are genuine opportunities to earn through passive income. As a typical 20-something utilizing online resources, I’m successfully covering my expenses through these methods. I aim to share my insights because I wish I had access to this knowledge earlier.

Here are some of my top picks for passive income sources you should consider in 2024!

Affiliate Marketing

Affiliate marketing is frequently recommended, but often the best practices are overlooked. I prefer using Amazon Associates for my marketing efforts. By selecting products that resonate with my audience and sharing my links across various platforms, particularly Pinterest, I maximize my reach. Other platforms worth exploring include ShareASale, ClickBank, and eBay Partners.

Additionally, you can create an Amazon Storefront with curated lists. When someone makes a purchase through your list, you earn a commission! Check out my list for inspiration.

Print-On-Demand

My favorite passive income stream is Print-On-Demand. I primarily use Redbubble, but I also explore TeePublic and Merch by Amazon. The beauty of this model is that a single design can be showcased across multiple platforms. One of my most successful designs took less than five minutes to create and has earned me nearly $800 over six months with minimal effort.

For more tips, read my article on:

How to Gain Sales on Redbubble

I started using Redbubble over a year ago and have earned $1,238 since June 2020...

Writing

Believe it or not, you can write about virtually any topic and get paid. I'm currently writing on Medium, and an article I published six months ago continues to generate traffic and income.

Consider joining platforms with partner programs like Medium or Vocal Media. While this may require significant initial writing and promotion, the long-term benefits are worth it. I enjoy writing about relationships and finance, as these topics come naturally to me.

If you're looking for a more passive option, think about authoring an eBook. Though it may take time to compile, once published, you can sit back and watch the sales come in. I recommend using Amazon KDP (Kindle Direct Publishing), which offers a user-friendly interface and charges fees only after you make a sale.

Photo Licensing

If you own a camera—or even a smartphone—you can take photos and upload them to stock photo websites. I have numerous pictures stored on my device, which I can easily share. Although I recently started my Shutterstock account and don’t have extensive earnings to report, I know many people who have made a significant income from this.

Content creators frequently seek images for their projects, making this an excellent opportunity for photographers. Besides Shutterstock, consider platforms like Alamy and Adobe Stock.