People are making over $100,000 per month by mastering passive income strategies. I would like to share the top ten passive income ideas with you so that you can achieve this online earning milestone.

However, before I talk of the ten most lucrative passive income sources that you can start with currently, it is important to know how passive income works.

The fact is, any type of income requires work, practice, and patience. I speak from the heart having been on both sides of the coin, by starting from a low paycheck to earning over a hundred streams of passive income, some months hitting unprecedented figures of over half a million US dollars.

Let’s start by discussing the first passive income strategy: affiliate marketing.

Idea #1 Affiliate Marketing

Affiliate Marketing is an available business model to practically everyone. It is all about earning commissions by promoting products through various channels and generating sales.

If you’ve ever recommended a product to someone and they used your referral code to make a purchase, earning you a commission, congratulations, you’ve engaged in affiliate marketing.


Depending on your interest, or niche, there are lots of products available to promote. You can find high-paying products on various affiliate marketing programs such as Clickbank, Digistore24, ShareASale, CJ Affiliate, Impact, and so on.

The amount of commissions you earn depends on various factors including the type of product, a company offering the affiliate program, and the percentage of commission.


For instance, you can promote high-ticket affiliate products through your blog website, or on platforms like Pinterest, TikTok, YouTube, or Instagram showcasing the features, reviews, or importance of the product.

If even a small percentage of the users decide to purchase through your affiliate link, the potential for earning passive income becomes evident. This approach is not only my favorite but also ideal for beginners as it involves minimal risk and is cost-free.

Another potent method of affiliate marketing that could grow to a seven-figure income in a year is paid affiliate marketing. In case I have tried organic methods like social media posts but got no results, what can I do?

I would spend my money on paid advertising on platforms like Google, Facebook, TikTok, or Twitter. By focusing on audiences based on the degree of interest, known as cold, warm, and hot traffic, paid ads will compel those who are interested persons to visit my content and affiliate links.

On the one hand, while paid advertising is rewarding, one should be mindful that it may be expensive and sophisticated. Knowledge of tools like CPC (cost per click) is imperative to any PPC campaign’s success.

For beginners, I advise you to start with organic methods to minimize risk while exploring opportunities. With time you develop the skills and ability to use paid ads to improve your affiliate marketing ventures.

If you want to start affiliate marketing as a beginner, we have published a detailed step-by-step guide.

Idea #2 Creating Content with a Personal Brand

Passive Income Idea number two is building your personal brand while creating quality content. The majority of successful entrepreneurs understand that cultivating an audience is invaluable, and this is manifested in all their efforts to build up their personal brand. 

Developments in tech as well as AI tools like ChatGPT have made scripting and video editing more of a breeze. More operational tasks like thumbnail generation, video editing, and sponsorship management can be outsourced as well, allowing content creators to solely focus on creating the content.


If you are looking for the opportunity to go on this journey, there is no better time than now. Take the first step by shooting on the TikTok or Instagram shorts, and then proceed to what YouTube has in store. 

The migration of TikTokers to YouTube speaks to the fact that YouTube is still the leading content creation platform In fact, only 1 video can generate over $50,000 in AdSense revenue.

My approach to content creation differs from the conventional “viral video” strategy. Instead, I’ve developed a meticulous formula that maximizes revenue per thousand views (RPMs). While most channels earn $2 to $15 per thousand views, I always focus on earning RPMs of over $40.

Idea #3 Online Courses

Online Courses are one of the lucrative ways to earn money passively. The digital education field is growing fast matching the development of the creator economy.

Traditionally, offline courses involved recording hours of video content, hosting live webinars, and directing participants to purchase the course. This method yielded success for many, even content creators with modest followings generating millions of dollars in a year. However, there’s a significant shift towards online courses, where instruction happens in real time.

Here’s my recommendation: though the offline course can also be as financially rewarding, it is advisable to consider the live online course option so as it can raise your chances of succeeding. Whatever your expertise is, whether fitness, sports, or niche skills like blackjack, if you know a bit more than a beginner, you have the essential knowledge to be passed.

For every seat being taken, you can charge a fee while conducting a live Zoom session where you tutor. Though this may not seem entirely passive initially, consider this: by automating the funnel and recording it, the income then gains a sort of passivity over time.

Idea #4 Memberships Groups

This is also one of the best passive income strategies because it allows you to earn monthly recurring revenue (MRR) from members who remain engaged, and active in your group.

For example, you can use platforms like Patreon to create your membership group, and let people join it by paying monthly revenue. Some popular YouTubers are making over $100,000 in monthly recurring revenue creating Patreon groups.

The potential is immense, although it’s worth noting that maintaining a membership group requires consistent effort.

However, despite the difficulties lying ahead, this is quite an easy and attainable task. If your niche is already a matter of special attention for you or your blog already has readers waiting for more, you may grant membership availability costing around $5 per month. 

Memberships could be of type group chats, person-to-person consultations, or other exclusive features. Having the right to choose for yourself whenever you want to work and the freedom to set your own hours is a great advantage.

Membership groups can get themselves into any number of channels for their launch. Moreover, next to Patreon, places like community spaces on YouTube and the new platforms of the kind of Ko-fi offer desirable alternatives as well. Utilizing the proper techniques and attention would perfectly dispose of membership clubs as an appealing source of extra income.

Idea #5 E-Commerce Business

E-commerce is our passive income idea number five, which anyone can start today. Some popular ways to make money within e-commerce include dropshipping, Amazon FBA, and selling Print-on-Demand (POD) products.

For instance, in a dropshipping model, you run an online store featuring products you don’t physically hold. When a customer places an order, you forward it to a supplier who then ships it directly to the customer.

Once you establish your store, set up supplier relationships, and optimize your product listings as well as marketing, your journey to passive e-commerce business initiates.

Another example is to sell Print-on-Demand products on popular e-commerce platforms like Etsy. Likewise, you can also sell Printable Wall Art, Gifts, and various other products on the Etsy platform.

Now, let’s move forward to explore 5 more passive income ideas that emphasizes on utilizing the passive income generated from previous 5 strategies.

Idea #6 Term Deposit

If you start earning good money from the 5 strategies discussed above, you can put your money into high-yield saving accounts, or term deposits. Once you invest your money in a term deposit, you don’t need to actively manage it. The interest accrues automatically over the term of the deposit.

That can be attained by using banks since they can provide higher interest on saving accounts with budget restrictions on withdrawals listed for a particular period.

Term deposits typically offer a fixed interest rate for the entire term. This provides predictability and stability for your income stream.

Keep in mind, there’s a very small risk of the bank issuing the CD failing, but most countries have insurance programs to protect depositors in such cases.

Idea #7 Investing Your Money

There are several ways of investing money including high-yield savings accounts (discussed earlier), the stock market, and cryptocurrency.

For stocks, you can utilize apps like Robinhood or TD Ameritrade, but I prefer to keep things simple with Acorns.

Now, let’s talk about cryptos. 

The recent bull market proved that we were close to monstrous gains so I hold that this current market is one of the last chances in lifelong wealth making. One can make passive money in cryptocurrency by taking a range of opportunities, such as investing in rising assets, gaining from airdrops, or courtship of your holdings.

It’s critical to acknowledge the risks that can arise in the cryptocurrency environment. In the case of great reward, there is a very high level of volatility and the possibility of getting lost. Consequently, you have to seek knowledge, be very thorough about your research, and make responsible decisions.

Idea #8 Maximizing Credit Card Rewards

Alright, the next passive income strategy we’ll discuss is maximizing credit card rewards.

YouTuber Brian Jung started his journey early as soon as he became eligible for his first credit card. Since then, he has collected millions upon millions of points. He can receive over $40,000 to $50,000 in cash if he chooses to cash out all the points from Chase, AMEX, various hotels, and other travel cards.

The key to doing this is by having the right credit cards and earning welcome bonuses. These bonuses almost always come with a requirement to spend a certain amount, like $3,000 or $5,000, within a 3 to 6-month period and can bring you 50,000 to 100,000 points which can be as much as $500 to $1,000 in cash value.

It’s worth noting a unique aspect about credit card rewards that many overlook: they are free of tax. Indeed, you don’t need to pay any taxes on the overwhelming prizes which have won. 

In this case, even if you made $80 thousand from crypto investments, which are subject to short-term capital gains tax, you’d get a higher refund from the credit card points accumulated over the last 6-7 years than from your investments.

Idea #9 Investing in Business

The next passive income strategy is investing in businesses. There are three primary ways to do this:

  1. Angel investing: You can become an angel investor in startups through platforms like Angel Investment Network.
  2. Investing in small to medium-sized businesses: This could involve becoming a part-owner, like investing in a restaurant, as I did in recent years. This type of investment can yield regular income without active involvement.
  3. Buying out businesses: If you have substantial funds, you can outright purchase businesses. If funds are limited, you can explore SBA Loans, which provide financing assistance. With a solid business plan, you can secure a cash-generating business with the help of these loans, albeit with some interest payments.

While these strategies may seem complex, they are more accessible than many realize.

Some of these investments have seen significant success, with products now stocked in major grocery stores. Despite initially feeling apprehensive about angel investing at a young age, I’ve discovered that modern platforms have made it accessible to anyone willing to meet the requirements.

Idea #10 Real Estate

In the last and probably most lucrative example of passive income, let’s look at real estate. I get you, real estate is a very expensive and stressful endeavor. However, those I know who’ve amassed multi-million-dollar fortunes and seem to effortlessly enjoy the pinnacle of passive income have one thing in common: they moved into real estate.


Real estate is a multi-lane road with opportunities to invest that include Airbnb or long-term rentals, house hacking, property renovations, and flipping.

Real estate is one of the good ways to your passive income if you can manage to make a down payment and have the ability and patience to manage it. Besides, long-term vision is another thing to take into consideration because normally the value of the real estate is not pulled down too low but goes up in general. 

The translation of this sentence is that your apartment is not only a place where you may be renting out to others but also one that will benefit you if sold at a higher price in the future.

In Conclusion

Are you ready to become your boss and leave the 9-to-5 hustle? The ideas from this blog serve as has great starting point, but bear in mind that the passive income generators take time and effort to be created. 

In as much as getting instant results is not guaranteed, stay positive even if you don’t see the results immediately. Be patient, and consistent, and keep doing the work, and in the end, it’s going to be the absence of your labor that will give you rewards of income.

I’ve shared my top 10 passive income ideas, but there are many more out there. If you’ve had success with a passive income stream that I haven’t mentioned, leave a comment below and share it with the community! Let’s all learn from each other and build a network of financially free individuals.