moneymaking ideas and side gigs

Master List of Passive Income and Residual Income Ideas

When it comes to generating multiple streams of income, passive and residual income ideas are the cornerstone of a long-term financial plan. Making money while you sleep lets you pursue other ideas and goals, and if you can set up a bunch of different effortless moneymakers, you don’t have to work ever again.

Obviously, you need to put the work in to build your passive income source, so you want to pick ideas that you’re comfortable putting that initial time and money towards. With that in mind, here’s a master list of passive income ideas you can use to start building the life you really want:

  • Operate a storage unit
  • Buy stocks that produce dividends
  • Rent out a house or apartment
  • Rent out a commercial or retail space
  • Invest in crowdfunded real estate through a REIT
  • Invest in peer-to-peer lending
  • Sell stock photos you shot
  • Make and sell 3D models
  • Create music and license it
  • Sell ebooks
  • Create your own online webinar, seminar, or course
  • Build a blog
  • Create and sell an app
  • Create a Udemy course
  • Sign up for an affiliate program
  • Design T-shirts for sale online
  • Set up a vending machine
  • Open a self-serve laundromat
  • Set up an arcade with electronic games or pinball machines
  • Make and sell WordPress templates
  • Buy and rent out expensive equipment (cameras, tech gear, etc.)
  • AirBnB a room or an entire house
  • Invent a gadget
  • Create a business and franchise out the idea
  • Invest in someone else’s business idea
  • Patent an idea and license it
  • Get cash back rewards on credit cards
  • Make YouTube videos
  • Write a real book (not ebook) and get residuals or royalites  from the publisher
  • Set up an online shop where orders are fulfilled by a dropshipper
  • Sell digital products through Etsy
  • Operate an ATM machine
  • Run a service business with employees or contractors who do the actual work (examples: a moving service, landscaping business, maid service provider, or interior painting company)

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