Top Passive Income Ideas in 2019

Affiliate marketing

If you’ve got a good presence on social media and have a good fan following or perhaps you even have a blog or website, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.

Sign up as a publisher on the Awin network, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it. If someone buys (can be within up to 90 days) using your link you’ll make a nice commission.

To take it a step further, set up a website (read our guide) or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there.

Mobile phone recycling

You can earn good money and help the environment by recycling your old mobile phones and other unused devices. Maybe ask your parents if they have any lying around too. This is the one of best and easiest way to make passive income.

Become a ‘Clickworker’

The Clickworker.com concept is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.

There are a variety of tasks, but most commonly they involve mindless data entry, web research or form filling. You are rewarded and paid in cash (via Paypal) for the work you do, and you can choose for what and when you work. Give it a go.

Claim tax back

Many students work part-time or during the summer months, and others will be on placements or paid internships. More often than not, if you are a student working during the year, you will be overpaying income tax.

Why? Simply because few students reach the personal tax-free income allowance each year but are put on an emergency basic tax-code by their employers meaning tax is being paid when it shouldn’t be.

Get cashback when shopping

This is not only a way to make money but also to save money as a student. If you look at it in a different way then you are making money with every purchase you would have made anyway, whether it be 10% or 0.5% cashback. There is not enough money that you can get but its also a good way to make a passive inccome.

There are a number of cashback sites out there which pay you the commission they otherwise would have earned.

We recommend signing up with Top Cashback, Quidco.com and Swagbucks which are free and offer the best selection of retailers and exclusives.

Part-time job

A part-time job is the obvious first choice, opted for by most students looking to supplement their student loan. It provides a pretty steady flow of income and can enable you to gain valuable work experience.

But good jobs are not always easy to find! You can make money from doing part time job but these days its really hard to find the good jobs.

Gigs on Fiverr

Fiverr is now the world’s largest marketplace for people to make money selling small services (known as ‘gigs’). Everyone know this and lots of people are making a decent passive income from this website.

What you offer could be absolutely anything, from writing and translating, social media posting, playing pranks and teaching to creating music, voice-overs and short video clips for people all around the world! Lots of people do some prank with peoples on market, shopping malls and upload those videos on the social network and they get the money from those site to uploading the videos. This is trending these days for best passive income idea on social media.

The default price is $5 (hence Fiverr..), but you can attach extra services to gigs for more money. Whilst it might not seem like much, it can quickly add up and there are plenty of examples of people making a really good living from the site. The key is to get a system in place which minimizes the time spent on each gig.

But there is another way to profit even more from Fiverr for potentially far less work. How? By simply reselling gigs elsewhere. For example, find a decent logo designer then reply to jobs on Upwork, Freelancer or even local classifieds. A $5 spend can easily become $50+, and it’s repeatable!

If you’re not interested in selling at all there’s SO much good stuff you can get done for yourself. Have a browse and get inspired!

Review music for money

If you love music, make it your business by reviewing unsigned bands and artists online for cash with Slicethepie.

It can take a while to build up your reputation but some users of the site have said that they earn £40 a month. This may not sound like much, but if it’s something you enjoy then it shouldn’t be hard work and is another thing for your CV. Money you earn will be in $US but anyone can sign up and review. This is another best idea to make passive income in your free time.

Sell your notes

If you don’t mind sharing your notes with other students it’s a great way to generate a little extra cash. There are sites out there that you can upload your notes to, along with your price, and then when another student downloads them you get paid. Even you can make video lectures and can make them paid and can take some subscription charge as a small amount.

You can upload your video lectures on Udemy and make it free or paid and can get a decent passive income. You can also upload it on YouTube too.

Most of these sites like Nexus Notes and Stuvia are free for you to list your notes but tend to take a cut of your profit in order to handle the marketing etc so that you don’t have to go out there and promote your notes yourself.

You will most likely have to upload PDFs but it’s worth it for the return and you can submit handwritten notes but you’re likely to make more money if they’re typed up.

Sell second-hand course books

One great way to make money is to buy other students’ textbooks at the end of the year, and then sell them just after freshers’ week – when the new intake of students know that they need them!

You can either advertise on campus or list them online very easily on Amazon Marketplace (just bear in mind they take a commission on books sold). If you have done your study and wants to make some extra cash then this is best and easy way to make some passive income.

Competitions

Entering competitions of course comes with no guarantees, but there is a growing community of so-called ‘compers’ in the UK consistently making up to £50,000 a year through all sorts of competitions.

Types of competitions available to enter vary from simple registration forms and Facebook page liking to answering questions correctly over the phone to being a TV game show contestant. Imagine you made it onto Deal or No Deal instead of just watching it!

Then head to our active competitions page to enter other free competitions that we have found. Just note that some of these sites may send you spam so use an alias email address and opt-out of as many of the offers as possible.

Buy and sell domain names

A domain name is just a website address (eg. ‘growsmartincome.com’ or ‘example.com’, or ‘facebook.com’) and there are lots of extensions (.com, .net, .co.uk etc).

They cost as little as $0.99 to register with DigitalOcean yet premium domain names can fetch $1,000s if not millions when sold on. In 2007 VacationRentals.com went for a cool $35m! This is one of best online idea to make passive income.

Now you’re probably not going to come across anything like that, but you can still turn a quick profit with a bit of searching. The trick is to find available domain names which have some commercial value, snap them up and then list them for sale on a site like Sedo.com.

Mystery shopping

Today becoming a mystery shopper is easier than you think and you can get rewarded handsomely.

There are dozens of agencies that pay you to visit all sorts of shops and restaurants to feedback on how they are performing.

Tasking apps are another form of mystery shopping, where you earn rewards for completing small local tasks. It can be a lot of fun too!

Be an Extra

Do you fancy yourself as a budding young actor or just that person that walks past in the background shot of an episode of Eastenders? It could be you if you apply to be an extra in TV or film.

The pay isn’t bad either: £60-80 a day on average, and you hardly have to do anything!

There are lots of casting agencies that place willing extras. They make their money by taking a cut from your earnings, so always ask what that is before you take on work.

Sell all your old CDs, games and movies

If you are looking to make a very quick buck, then selling your old bits and bobs that are cluttering up your room is a good idea.

The best thing about it is that you can rip all the songs and films onto your laptop or external hard drive before selling them. This means that you are only really selling the plastic and artwork!

You can earn anything from 10p to £20 per item, and the earnings can really add up if you have a large collection. Whilst you’re at it, see if your parents have any ‘clutter’ they’d be happy to see the back of.

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