By - Money MaTTERS

15 Passive Income Ideas to Start in 2023

Opt for shares that yield dividends, ensuring a consistent income stream without parting with your stocks.

1. Dividend Stock

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Assist individuals or businesses by providing loans via online P2P channels, and reap interest on your lent funds.

2. Peer-to-Peer Lending

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Pool resources with others to finance real estate ventures through crowdfunding sites, and gain from rental revenue or increased property values.

3. Real Estate Crowdfunding

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Store your finances in high-interest savings accounts and enjoy the growth of passive income from interest.

4. High-Yield Savings Account

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Make informed investments in affordable index funds or ETFs that mirror the movement of large market indexes.

5. Index Funds and ETF

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Acquire and lease residential or commercial units, generating passive income through rental fees.

6. Rental Properties

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Offer your expertise by designing and marketing online courses on platforms such as Udemy or Teachable, and accumulate passive income from course enrollments.

7. Online Courses

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Author and self-release e-books on platforms like Amazon Kindle Direct Publishing, and collect royalties for each sale.

8. E-Books

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Endorse products or services from various enterprises on your blog or site, and receive a commission for each completed sale or lead.

9. Affiliate Marketing

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Establish an e-commerce shop and collaborate with a dropshipping provider to oversee inventory and order processing, enabling you to concentrate on marketing and customer support.

10. Dropshipping

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Invent and capitalize on mobile apps by incorporating in-app transactions, ads, or subscription options.

11. Mobile App

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Capture and offer your images on stock photography websites such as Shutterstock or Adobe Stock, and obtain royalties with each download.

12. Stock Photography

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Express your interests by developing and monetizing a YouTube channel, generating revenue from ads, sponsorships, or affiliate deals.

13. YouTube Channel

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Ignite your artistic side by crafting and retailing custom products (like t-shirts, mugs, or phone cases) via print-on-demand services like Printful or Teespring, which manage manufacturing and delivery.

14. Print-on-Demand Merchandise

Grant usage rights for your copyrighted or patented creations (e.g., designs, software, or content) to others, and collect royalty payments in exchange.

15. Licensing Intellectual Property

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