Top Passive Income Ideas To Consider For Your Small Business (2024)

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Top Passive Income Ideas To Consider For Your Small Business (2024)

FAQs

Which business is best for passive income? ›

Here is a list of some of the best passive income ideas that can help you make money while still being able to focus on your core business:
  1. Rental properties. ...
  2. Affiliate marketing. ...
  3. Sell digital products. ...
  4. Create a mobile app. ...
  5. Invest in stocks. ...
  6. Peer-to-peer lending. ...
  7. Royalties.
Jan 16, 2024

How can I make $1000 a month passively? ›

Passive Income: 7 Ways To Make an Extra $1,000 a Month
  1. Buy US Treasuries. U.S. Treasuries are still paying attractive yields on short-term investments. ...
  2. Rent Out Your Yard. ...
  3. Rent Out Your Car. ...
  4. Rental Real Estate. ...
  5. Publish an E-Book. ...
  6. Become an Affiliate. ...
  7. Sell an Online Course. ...
  8. Bottom Line.
Apr 18, 2024

How can I make $5000 a month in passive income? ›

If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle.

What is the easiest most profitable business to own? ›

Some of the best small businesses to start this year
  1. Cleaning services. ...
  2. Dog walker. ...
  3. Mobile car wash. ...
  4. Tutoring. ...
  5. Fitness and personal training. ...
  6. Social media expert and influencer. ...
  7. Digital marketing – copywriting, graphic design, web development, and coding. ...
  8. Food trucks and food stands.

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