TOP 20 Passive Income Ideas For 2020

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20) Product Creation:
You can create your product and offer for sale on your website. It could be an eBook about a topic you have some knowledge expertise. You can sell a physical product or a digital online product.

19) Blogging:
i) Setup your Blog
ii) Add Contents
iii) Market
iv) Add Income Streams

18) Drop shipping:
With drop shipping, you work with a wholesaler or distributor that offers this service.

17) Affiliate Marketing:
The practice of affiliate marketing is one of the oldest marketing, which gains associates a commission in the case of purchase based on the affiliate's recommendation.

16) Mobile Apps:
Step 1: Learn the system.
Step 2: Think of the application.
Step 3: Create the app.
Step 4: Add it to the app store and start making your money.

15) E-commerce Business:
Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

14) Video Blogging:
Previous research showed that in 2017, nearly 74 per cent of all internet traffic came from videos. It is a preferable way of text blogging.

13) Vending Machines:
A vending machine is an automated machine that gives items such as snacks, drinks, cigarettes and lottery tickets to buyers after money or a credit card is inserted into the machine.

12) Membership Sites:
For this, all you need is to set up a membership site which charges a monthly fee for access. As long as you can keep a stream of traffic coming into your website, you would have money coming every month.

11) Cryptocurrency:
Lately, it has been recognized been a significant part of the monetary system. It's tagged 'the revolution of money".

10) EBook Publishing:
An electronic book, also known as an eBook or eBook, is a book publication made available in digital form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices.

9) User-generated Content Site:
User-generated content, alternatively known as user-created content, is any form of content, such as images, videos, text, and audio, that has been posted by users on online platforms such as social media and wikis.

8) Contest Management Website:
i) Know your goals and target market.
ii) Choose your contest type, details and prize.
iii) Build your contest.
iv) Market your contest.
v) Track your results.
vi) Follow-up post-contest.
vii) Learn and repeat.

7) Sell Products on eBay:
If you want to start making money from the comfort of your home quickly, with little to no expense, selling on eBay is a viable option.

6) Laundromat Business Transactions:
A well-maintained coin-operated laundromat can afford its owner with numerous years of effortless income.

5) Renting Real Estate Properties:
Renting real estate is a lucrative business investment if you have the right amount of money to invest and clear about the idea of the region you are living in.

4) Stocks which Pay Dividends:
Dividends are payments from companies to their shareholders, usually either in the form of cash or additional stock.

3) Network Marketing: This is a business structured in tiers. Network marketing is a decades-old marketing model that involves selling legitimate products at fair prices directly to consumers who need them.

2) Open an Online Store:
Step 1: Decide on your desired niche.
Step 2: Decide between drop shipping or holding your products.
Step 3: Brainstorm a business name and register your domain name.
Step 4: Choose products to sell.
Step 5: Create your website with an online store builder.
Step 6: Set up a company and get a sales tax ID.

1) Freelancing: An occupation that allows you to select your time off. Freelancers are self-employed people who provide services for multiple clients at one time.

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