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11 Easy Online Business Ideas to Make Money From Home in 2024

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11 Easy Online Business Ideas to Make Money From Home in 2024

There are a number of ways to cash in from affiliate marketing, from posting on social media to writing blog posts. One of the best things about affiliate marketing is that it doesn’t require any start-up costs, making it one of the most affordable ways to generate passive income.

2. Make an online course

  • Pros: Easy to set up
  • Cons: Need to market it yourself
  • Earning potential: $100 to $1,000 a month (as a beginner)

If you’ve got specific knowledge or a skill you think would benefit others, why not make and sell an online course? This is especially true if you’re clued up on new and emerging technologies, as spiking demand for online AI training courses shows.

Selling a course is a cost-effective and scalable way to make a steady income while sharing content you’re passionate about. It’s super easy to get started as well with web builder software like Squarespace and Hostinger.

However, there are some drawbacks to monetizing your knowledge. Just like with affiliate marketing, it is easier to make money with an established audience, so if you don’t have a large follower base, or aren’t prepared to market your course, this may not be the best business idea for you.

3. Dropshipping

  • Pros: Requires no start-up inventory
  • Cons: Its competetive
  • Earning potential: $1,000 to $3,000 in the first year

You’ve probably seen enough YouTube ads by now to know what drop shipping is. But if not, dropshipping is a low-risk business model that lets you sell products to customers without incurring wholesale running costs. Unlike with brick-and-mortar and traditional ecommerce, you don’t have to purchase a product unless you’ve already made a sale, reducing financial risks associated with surplus stock.

Dropshipping is a great option for entrepreneurial spirits with little funds available to invest in inventory. However, the world of dropshipping is extremely competitive, and profit margins are a lot lower than with traditional retail.

4. Write a blog

  • Pros: Allows for creative freedom
  • Cons: Can take time to build an audience
  • Earning potential: $70 to $100 a month (as a beginner)

If you’re a budding wordsmith, or are simply passionate about a certain subject, writing and monetizing a blog could be a good way to earn money on the side. After you’ve carved out your niche and put pen to paper, you’ll need to build a loyal online audience. Once you’ve amassed a decent amount of followers, you’re able to monetize your blog across various channels, including through sponsored posts, product sales, or third-party ads.

The great thing about blogging is you have the freedom to write about anything you care about. It’s also a natural way to foster and connect with an online community of like-minded people.

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5. Sell goods online 

  • Pros: Can set own profit margins
  • Cons: Requires start-up inventory
  • Earning potential: Up to $10,000 per month

If you’re crafty, or have got an eye for second-hand goods, selling items online can be a decent money-maker. Selling products of your choice allows you to set your own profit margins, and market them to your liking. Lots of ecommerce platforms like Etsy, eBay, and Depop let you retail goods for free too, but they do charge a fraction of each sale.

Selling goods online does require start-up investments though, specifically when it comes to purchasing materials and stock. This makes retailing goods unsuitable to individuals looking to get started for free. Alternatively, you could set up your own site using one of the best ecommerce website builders, which gives you full control of your startup’s finances.

6. Start a print-on-demand business

  • Pros: Minimal start-up costs
  • Cons: Low margins
  • Earning potential: Around $1,500 per month (as a beginner)

Print-on-demand (PoD) is an order fulfillment method where business owners print designs on products like clothing, accessories, and decor using third-party suppliers. Like dropshipping, you don’t need to purchase the stock until the order is received, eliminating the need for costly inventory management. It’s important to research market trends before launching a PoD business, however, as some niches – like sustainable fashion and athleisure – are more lucrative than others.

Man printing a T-shirt from homeBecause the design and printing process are handled by third-party suppliers, all you need to do is market your service and manage orders. Like most business ventures on this list, a high-performing site will be necessary to carry out these steps.

7. Sell an online service

  • Pros: Can utilize existing talents
  • Cons: Hard to build a client base
  • Earning potential: Anywhere from $15 to $100 an hour (as a beginner)

You don’t need to sell something tangible to run a successful business. Selling a service like consulting, life coaching or personal training is a great way to profit from existing skills and experience.

This business idea might be appealing to those who already work for a service provider for their 9-5, but are looking to subsidize their income by going freelance in their spare time. However, if you’re experienced enough, are willing to work hard to build a roster of clients, and receive a decent amount of positive testimonials, there’s ample potential to turn this business into a full-time gig.

Don’t have a big marketing budget? Leveraging free-cost marketing channels and networking in your industry are effective ways to spread the word cheaply, according to author and certified speaking coach Kevin Williams.

8. Create and sell NFTs

  • Pros: Allows you to profit from pre-existing content
  • Cons: Requires technical knowledge
  • Earning potential: Anywhere from $200 to $1 million

Another creative way to make money online in 2024 is by making, and selling an original non-fungible token (NFT). While the hype around NFTs has dyed down a little since the technology broke into the mainstream in 2021, they can still be a decent money-maker for those with some spare time and the right technical know-how.

Anyone can make an NFT, but to avoid copyright infringement it’s best to make one from an original asset. However, even if this isn’t possible, you can still generate a decent income from trading NFTs based on trends and popularity.

9. Create a YouTube channel

  • Pros: Good way to monetize your passion
  • Cons: Time and energy-intensive
  • Earning potential: $18 per 1,000 views

If you’ve always wanted to try your hand at vlogging or video editing, monetizing a YouTube channel is a good way to earn massive income and explore your passions at the same time. While it takes work to build a following, once you reach 1,000 subscribers you can launch YouTube ads on your channel, and make up to $0.5 to $2.5 per 1000 views with AdSence.

Women cooking and filming herselfWomen cooking and filming herselfCreating a successful YouTube channel isn’t light work though. It can take years before a YouTube channel becomes profitable, so to make real profits on this platform you need to be willing to invest a decent amount of time and effort.

10. Make a custom GPT

  • Pros: Quick and easy to
  • Cons: Requires a paid ChatGPT plan
  • Earning potential: Up to $1000 a month

With the GPT store opening earlier this year, ChatGPT Premium and Enterprise users are now able to profit from their own custom GPTs. custom GPTs are customizable versions of ChatGPT that are tailored to a specific niche. From Christmas Card Maker’s to Simionizers, the limit really is your image, but as a general rule of thumb, the most successful GPTs will serve a unique use case and will be trained on richer data than similar competitors.

If you’re subscribed to ChatGPT Plus or Enterprise, creating a custom GPT couldn’t be easier too. All you need to do is name your GPT, add instructions and examples to the builder’s drop-down menu, test it, and you’re ready to go live.

For more detailed instructions, learn how to make a GPT that sells in 10 simple steps here.

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11. Create an eBook with ChatGPT

  • Pros: No start-up costs
  • Cons: Very competitive field
  • Earning potential: Up to $2500 a week

You don’t need to be a trained author to write an eBook that sells; all you need is ChatGPT and some well-crafted prompts.

AI chatbots are content-creation machines, so it’s unsurprising so many people have begun using them to earn passively in 2024. The creation process is relatively straightforward too; all you need to do is come up with a niche or original idea – this could range from a mystery crime novel to a non-fiction book about botany – come up with a basic book structure (you can use ChatGPT for this too) and then write the book paragraph by paragraphs by feeding ChatGPT descriptive promotes.

After the book is complete, you can sell it directly through Amazon’s Kindle Direct Publishing (KDP), and earn up to 70% from each book sale.

What Do I Need to Start an Online Business?

The first port-of-call for budding entrepreneurs is creating a developed, yet realistic business plan. A business plan helps crystalize your thoughts into clear, actionable steps. Not only is the document critical when you’re taking your tentative first steps, but it’s also a useful tool for reaching important milestones and showing your concept off to investors and lenders.

Another prerequisite for a successful online business is a website. Whether you’re selling goods online or just looking to boost your reach, building a website will improve your business’s credibility and establish your status as an online competitor. Setting up a site doesn’t need to be an arduous task, either. There are tons of website builders that can help you build a professional site quickly and easily, each with their own specialisms and strengths.

Wix performed best in our independent web builder research, thanks to its generous free plan, excellent UX, and dynamic toolkit, while Squarespace edges out the competitor when it comes to design. See how our favorites weigh up side by side in our comparison table below.

Can I Start an Online Business with No Money?

Sure, heaps of capital make it easier to launch a business from the ground up. But this doesn’t mean there are no viable ways to start businesses for free.

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If you’ve got a solid idea that requires financial backing, applying for small business loans and grants are great ways to sew seeds that could eventually flourish into a successful, lucrative business. Whether you need to cover operational expenses, invest in inventory, or launch a marketing campaign to get your business seen, financing can help launch a business forward while affording business owners peace of mind.

The US Small Business Administration (SBA) website is home to a variety of lending options including 7 (a) loans – its primary form of small business financial assistance, 504 loans, and microloans. The agency also provides a range of targeted small-business grants, targeted at research and learning institutions and community organizations.

You don’t need to access financing to get ahead, though. There are loads of business ideas to pursue that don’t require funding, including course-building, dropshipping, and selling goods through free sites like Etsy and Amazon. You don’t need to fork out on a pricey website builder to establish your online presence either.

Major names like Wix, GoDaddy, and Squarespace offer solid free plans. However, most free plans lack basic features like custom URLs and ecommerce functionality, so if these are must-haves for you, you’d be better off investing in a paid builder instead. Check out our guide to the best easy website builders to learn more about the most beginner-friendly options.

Benefits of Starting an Online Business

If you have the time and work ethic required to carry out the undertaking, starting your own business can pay dividends in a number of ways. Firstly, launching a business online is heads-and-shoulders cheaper than opening and maintaining a brick-and-mortar store. It’s also easier to reach a wider pool of potential consumers online than it would be in person, helping you to tap into new markets and expand your base significantly.

Starting an online business allows you to be your own boss too, affording you greater autonomy and control over how and when you work. This is especially valuable for those who are looking to carve out healthier professional boundaries, particularly when it comes to finding a work-life balance. The last perk is an obvious one: hustling from your home office can be extremely lucrative. At a time when the majority of Americans (78%) claim to have financial concerns, launching your own business could spell the difference between surviving and thriving in 2024.

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What Makes a Successful Online Business?

If you’re new to entrepreneurship, there are a number of factors to be aware of before taking the plunge. Here are a few tips on launching a successful online business, taken from the mouths of experts themselves.

First, before you unveil your product or service to the world you need to make sure it actually addresses a need. You can come up with this need by referring to your own experiences, and that of your friends and family, or researching market opportunities online.

Research every spare hour you have. There is no shortcut to
knowledge, you must just stay focused on the end goal and absorb as much as
possible. – Ben Hilton, Managing Director of Switch Jam

You need to make sure you do your homework too. Whether it be researching competitors, market trends within your industry, or the legal aspects of launching a product or service, Google will be your best friend in the preliminary stages of running a business.

“Focus on necessities, skimp on luxuries. Use freelance platforms to find affordable services for your needs. Utilize free-to-use platforms like social networks for initial marketing.” –Virginia Miller, spokesperson for Simple Fulfillment

To avoid costly overheads, do as much of the in-house work as possible. From writing your own content to producing your own logo, only outsource the tasks you absolutely have to. Also, skimp on luxuries. Take advantage of free resources like complimentary web-builders and social media, and invest surplus money back into your venture.

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High Sport Skeptics Have Entered the Chat

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High Sport Skeptics Have Entered the Chat

If you are plugged into fashion discourse, you’ve probably heard about High Sport Kick Pant by now (perhaps against your will). They are stretch ponte trousers with a cropped flare above the ankle and pleats down the center of the legs. Sturdier than leggings and distinctly more polished. The intrigue around these pants reached a fever pitch on Substack in late 2023 – early 2024. The Kick Pant has developed a cult following, but skepticism has started to mount.

Substack, the newsletter platform, is integral to the phenomenon of High Sport. It’s where fashion influencers and ex-editors with large followings raved about the pants to their readers. Several glowing endorsements were published within a short time span. Word spread like wildfire within the platform’s ecosystem. Substack writer Rachel Solomon of Hey Mrs. Solomon describes the High Sport pants as a “fireball” item that seemed to “materialize out of nowhere.” She believes the hype is tied to the inherent “miracle potential” of pants, which are extra compelling because “the ass/thigh area is so important when it comes to fit and use case.” People will pay a lot for pants that make their butt look good.

“The chatter about these pants on Substack chat was non-stop,” says the writer of Totally Recommend, a self-described “recovering marketing CEO” who goes by Rufina. Her assessment of the situation? It seemed like no one beyond fashion writers and influencers actually owned the High Sport pants, yet everyone was hunting for alternatives. “I realized we were all searching for dupes without even knowing what the originals were truly like. That’s when my curiosity really kicked in. I knew I had to get my hands on these pants,” Rufina states.

Vi Huynh wears a thrifted version of the High Sport pants;

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Courtesy of Vi Huynh

1712933763 594 High Sport Skeptics Have Entered the Chat

Vi Huynh wears a thrifted version of the High Sport pants;

Courtesy of Vi Huynh

Solomon and Rufina both bought the pants and wrote about them on their Substacks. Both writers gave their honest opinions on everyone’s burning question: are they worth it? And, of course, where can one find a good dupe? Rufina’s review series, “The Scoop On The High Sport Dupe,” made the Substack rounds for its thorough list of dupes from Ann Mashburn, Donni, and Spanx to Banana Republic, Old Navy, and J.Crew. More chatter ensued.

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Then, The Cut published a High Sport piece last month that laid bare the financial incentives for Substack writers recommending the High Sport pants with affiliate links. The public reception of the article drove the discourse around these pants towards suspicion. It reminded people of the importance of taking product recommendations with a grain of salt when someone stands to make a hefty commission.

High Sport skepticism has kindled on Substack—the same place where the fanfare began. This time, discourse around the pants are tinged with mixed feelings around the gray area of affiliate marketing and fashion writing. Kickbacks on the Kick Pant have soured the hype for many.

In her latest High Sport dupe post, Rufina ponders if we should aspire towards these pants in the first place: “Are they an unspoken application to an elite club, where the entry fee is a slim waist, a fat bank account, and a life elegantly soaring above the mundane irritations familiar to the rest of us?” Readers resonated with this perspective. The comment section contemplated the writers’ ability to make $135 per sale via affiliate links on a rave review. “For some people, these pants might still be their top pick, fitt ing their style and budget. But knowing about the commission thing bursts the bubble,” Rufina continues. Solomon reflects on how the High Sport hype has played out. “I have noticed a little more skepticism, almost like we can all suddenly breathe a sigh of relief and go…wait, aren’t these just thick, hot pants that have a cute length?”

1712933763 870 High Sport Skeptics Have Entered the Chat

Vi Huynh wears a thrifted version of the High Sport pants;

Courtesy of Vi Huynh

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1712933763 528 High Sport Skeptics Have Entered the Chat

Rachel Solomon wears the High Sport Kick pants;

Courtesy of Rachel Solomon

Some have held a critical eye towards High Sport pants from the start. Em Seely Katz, news editor of Magasin and writer of Human Repeller, knows the nitty-gritty economics of luxury clothing production and marketing. “I know a pair of stretch pants should not cost nearly a grand without a 1000% or so markup,” Seely-Katz reveals.

When vintage seller Vi Huynh first saw the High Sport pants, the “egregious price point” stopped her from what would have been an immediate purchase otherwise. Huynh keeps up with niche fashion discourse and believes that High Sport’s brand strategy relies on the appeal of “quiet luxury” rather than a truly superior material product. “They don’t need regular people buying their pants. They’re saying: we’re the Loro Piana of stretch pants,” she continues.

Despite the skepticism around price point and kickbacks, the appetite for High Sport dupes has not waned. Seely-Katz has been diligently researching mid-price-range dupes in response to the Magasin readership’s interest. For example, they say that Sézane’s new gingham pants (around $200) are just as worthy of wear as the originals. Huynh maintains that the High Sport look is easy to find at thrift stores due to the popularity of ponte pants during the 90s and 2000s. Her advice? Focus on material—while rayon, polyester, and spandex blends are common, the better quality ones feel thick to the touch and retain shape when stretched.

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However, High Sport diehards maintain that the dupes are incomparable to the original. Writer Jess Graves of The Love List reports that the material from Old Navy and Donni versions were “flimsy and thin,” a far cry from High Sport’s “thick Italian knit that holds you in.” Graves, who purchased the High Sports with her own money, wears the pants “so often the cost per wear is probably around a dollar at this point.”

High Sport Skeptics Have Entered the Chat

Ruffina wears a dupe of the High Sport pants;

Courtesy of Rufina

1712933763 874 High Sport Skeptics Have Entered the Chat

Vi Huynh wears a thrifted version of the High Sport pants;

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Courtesy of Vi Huynh

Unlike Instagram, Substack is still a relatively new space where the norms of affiliate marketing—and how consumers can expect to engage with it—are still taking shape. One can find a broad mix of fashion content, from personal essays and styling tips to shopping-driven posts heavy on affiliate links. Perhaps it is due to this broad spectrum of how and when writers participate in affiliate marketing that pinpointed skepticism towards High Sport pants in a way that may not have materialized on, say, Instagram.

Seely-Katz, who does use affiliate links on Human Repeller, emphasizes that they have built trust with their readers in terms of how they disclose commissions. “People who read my newsletter know that I emphatically don’t go out of my way to center affiliate links, many of my posts having none at all […] I am thoughtful about what products I endorse, no matter the price point,” they state. Graves echoes this sentiment. She views affiliate income as compensation for the work of content creation. In regards to her Substack, “my readers get that if I am publishing something without a paywall, affiliate links are a way to help me accrue some payment for that time spent. I don’t let it sway my editorial decisions though,” Graves notes. Rufina does not use affiliate links but acknowledges that with the instability of the media landscape, “It’s really tricky for me to say how writers should be making their money.” As a former advertising professional, her main concern was seeing High Sport purchase links posted without an affiliate disclaimer.

Ultimately, the story of High Sport reveals how Substack is becoming an increasingly robust ecosystem for launching status-y products that go viral within a subset of fashion consumers. Seely-Katz describes the phenomenon as a “self-fulfilling prophecy,” where people who buy such items are more likely to broadcast them in their publications, “creating an illusion that literally everyone is buying this stuff.”

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Optimizing Your Side Hustle | Flipboard

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Maximize your earning potential with these side hustle ideas and tips for extra income.

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24 Methods for Building Your Fortune Around the Clock

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A super rich man in a suit is holding coins in front of a clock.

We all have 24 hours in a day. While some try to work harder to earn more, others look for more innovative ways to earn more that don’t require their immediate attention. If you’re looking for a way to better manage your quality of life while improving your finances, these tips are for you. Reaching real financial success takes more than smarts; it’s a mindset shift and a method for approaching income in a specific way to identify those opportunities that will give you the most significant long-term benefits. Not every suggestion on this list will likely be a perfect fit for you, but you’ll surely get some great inspiration.

1. Go Big With Growth Stocks

Woman on mobile
Image Credit: Shutterstock.
I’m addicted to checking my E-Trade app every morning when the markets open. The rush of adrenaline I feel when my portfolio makes a considerable jump overnight is second to none. Many men and women go all-in on growth stocks, emphasizing tech companies like Amazon, Nvidia, and Alphabet. While it can be risky, the upside of these growth stocks can deliver monetary gains without you lifting a finger.

2. Be a Landlord

Man buying houseMan buying house
Image Credit: Shutterstock.
We’ve all felt we could be a better landlord than the ones that have lorded over us throughout our lives, haven’t we? Well, considerable passive income is available if you aspire to be the best landlord you can be. Owning commercial or residential real estate is a full-time job, but there’s nothing like the feeling of a monthly rent check being deposited into your account while you sleep.

3. Collect Ad Revenue

Man working with laptop affliate marketingMan working with laptop affliate marketing
Image Credit: Shutterstock.
If you have your own website (personal or otherwise), you’re leaving money on the table by not placing ads wherever possible. While millions of internet users install ad-blocking software on their web browsers, countless users (our parents, mostly) still subject themselves to endless streams of advertisements. Capitalize on that fact by monetizing your website and receiving much-deserved pennies on every click-through.

4. Invest Long-Term

Man investingMan investing
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Although there’s nothing sexy or exciting about it, investing your hard-earned money into sensible mutual funds is one of the most efficient ways to earn passive income in 2024. Your diverse portfolio protects you against one individual stock tanking your nest egg while still giving you plenty of upside. Fortunately, investing in a mutual fund through most major banks’ smartphone apps is easier than ever.

5. Affiliate Marketing

Woman working at homeWoman working at home
Image Credit: Shutterstock.
Participating in affiliate marketing makes me feel a little icky, but I can’t deny it’s an excellent way to bring in passive income in 2024. Setting up a blog or YouTube channel is one of the tech-savviest ways to start affiliate marketing. You can also go the old-school route and get in the good graces of a multi-level marketing program. If you’re passionate about selling goods, there’s no reason why you shouldn’t get a little kickback from people who buy it using your link or recommendation.

6. Collect Royalties

Teen girl singing in bathroomTeen girl singing in bathroom
Image Credit: Shutterstock.
Sometimes, successful wealth building can result from something random, like recording a song in your bedroom that unexpectedly becomes a hit. If you’re musically inclined, releasing original music and uploading it to streaming services like Spotify is another solid option for accruing passive income that compounds while you sleep. However, artists quickly note that you won’t get rich overnight. A successful music career is much more than having a few million listens on Spotify.

7. Open a High-Yield Savings Account

Man depositing money in bankMan depositing money in bank
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Although inflation is generally regarded as a net negative for society, no one denies that it’s a net positive for savings accounts. Opening a high-yield savings account is a savvy way to protect your investment while ensuring a healthy return with zero risk. While not all banks offer high-yield savings accounts, they offer one significant advantage over a traditional CD: You won’t be penalized for withdrawing money early.

8. Collect Subscription Fees

Businessman in hotel working in laptopBusinessman in hotel working in laptop
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You’re in luck if you run a service for which people are willing to pay a recurring subscription fee. Subscription-based businesses are among the best ways to earn passive income because people are notoriously bad at canceling said subscriptions! Recent research reveals that 42% of people forget to cancel a service they never use.

9. Sell Something

Man using ebayMan using ebay
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One of my favorite pastimes is finding something lying around my house I no longer want or need and putting it up for sale on eBay, Facebook Marketplace, or OfferUp. It’s the ultimate “set it and forget it” strategy. I often forget I have anything for sale and am shocked when I get offers for my unwanted items. Talk about a perfect passive income strategy.

10. Lend Money and Collect Interest

Man lending moneyMan lending money
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Sometimes, the best way to build wealth while you sleep is by lending money to friends or family (while collecting a healthy amount of interest). There’s nothing wrong with doing things the old-fashioned way. The next time you get a phone call from a loved one asking for money, remember to include the most essential part of the transaction: interest.

11. Operate a Vending Machine

Self service drinks vending machineSelf service drinks vending machine
Image Credit: Shutterstock.
If you’re like me, you’ve lived your entire life without realizing the dream of vending machine ownership. Think about it: Passive income, unlimited snacks, and the pride of owning a small business. Don’t scoff. According to studies, vending machines can easily create more than $75 in weekly revenue.

12. Outsource Your Freelance Work

Man doing freelancingMan doing freelancing
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Did you think all methods to earn passive income were legit? You’re wrong. Although I would never do this, many freelance writers outsource their assignments to writers who charge less than they do, ostensibly pocketing the difference. It’s a great way to thumb your nose at the institution of journalism while making excellent money (that’s sarcasm for those keeping track).

13. Rent Out Your Home

RentRent
Image Credit: Shutterstock.
Renting out your home (or individual rooms) is another excellent way to make passive income. Many people take advantage of Airbnb’s platform to earn a lot of money. In this scenario, not only can you make money while you sleep, but when you’re away on vacation, you can also make passive income while your houseguests sleep.

14. Rent Out Your Vehicle

Man driving carMan driving car
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Refusing to rent your vehicle — especially a second vehicle — is a stubborn way of saying, “I don’t want to make passive income in 2024.” Services like Turo aren’t fly-by-night companies; they’re legitimate platforms that protect you and your vehicle and give you the peace of mind needed to lend your car to strangers. Unless you need a daily driver, you’re leaving money on the table by not letting other drivers use your vehicle.

15. Create an Online Course

Woman with laptop creating courseWoman with laptop creating course
Image Credit: Shutterstock.
People are always looking to better themselves, so if you have something you want to teach the world, don’t be afraid to monetize it. Creating an online course on nearly any topic is a perfect way to make something lasting that continues to bring in money (if what you have to teach is valuable). Doing so benefits you and the endless number of men and women wanting to learn.

16. Write a Self-Published Book

Woman writing book in laptopWoman writing book in laptop
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Authors rejoice: Self-publishing is one of the most effortless ways to earn passive income in 2024. Platforms like Amazon have user-friendly self-publishing options, and your book (whether virtual or physical) will live in their store forever. Every time a customer purchases your book, you reap the benefits.

17. Sell Stock Photos or Videos

Woman selling stock photosWoman selling stock photos
Image Credit: Shutterstock.
Anyone with an eye for photography should embrace the opportunity to sell stock photos and videos for websites that host them. It seems every good picture needs to be licensed these days, right? Thankfully, money can be made by selling your photos and videos as stock photos. Even bland B-roll traffic footage can bring in a nice chunk of change.

18. Roll the Dice With Cryptocurrency

Man with crypto coinsMan with crypto coins
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I’m terrified of the volatility of cryptocurrency. That doesn’t mean you have to share my fear, however. Investing in cryptocurrency may be the riskiest way to make passive income while you sleep, but it arguably has the most upsides. Nobody really knows what causes the ebbs and flows of crypto coins, and waking up one day to see a massive return on your investment is a happy thought.

19. Become an Influencer

Influencer womanInfluencer woman
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If you don’t mind being looked at as a vapid, irresponsible individual, being a social media influencer is another excellent example of how lucrative passive income can be. As an influencer, you can help shape the next generation of men and women to do the least amount of work as humanly possible while still making an impressive amount of money. (In a way, it’s the new American dream.)

20. Rent Out Your Pool

Super SoakerSuper Soaker
Image Credit: Shutterstock.
Some smartphone apps allow you to rent your backyard pool, similar to Airbnb. Although I’m not in love with total strangers using my beloved pool for their leisure, I favor making money off that amenity. I can’t believe the things people will pay money for in 2024.

21. Become a Content Creator

Content creatorContent creator
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While being a content creator is easier said than done if you’re an attractive person with a knack for salesmanship, you can do much worse than being in front of a YouTube webcam all day. Whether you’re a game streamer or a lifestyle guru, content creation is the ultimate passive side hustle. After all, the more viewers who watch your videos, the more money you make (even while sleeping).

22. Open a Certificate of Deposit

Certificate of DepositCertificate of Deposit
Image Credit: Shutterstock.
As my father says, opening a CD is one of the best ways to make passive income. If you know you won’t need your money for a set period (anywhere from a few months to a few years), opening a Certificate of Deposit with a local bank can yield impressive results. Thanks to higher interest rates in 2024, many CDs earn over 5% over time, which is a fantastic return on your investment.

23. Rent Out Your Parking Space

House with parking spaceHouse with parking space
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If you pay for a monthly parking spot in a city or town and don’t use it as much as you thought you would, then consider renting it out to other drivers. Companies like SpotHero operate like the Airbnb of parking spaces. Users pay to use your valuable parking spot. Somebody else should pay you for the privilege if you’re not using it.

24. Chase Dividends

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Although chasing stratospheric highs in the stock market is alluring, many savvy investors prefer quietly chasing dividends in the form of well-performing legacy stocks. By purchasing stock shares from companies like Exxon Mobile and Verizon Communications, you can ensure a healthy dose of quarterly dividends being deposited into your account. While these dividends are paid out in relatively small amounts, they will add up over time, making them one of the easiest routes toward a dependable passive income.

Complete Guide to Contacting Recruiters on LinkedIn

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With hundreds of millions of users worldwide, LinkedIn is a vast network with potential professional connections, making it an invaluable resource for job seekers and companies. However, crafting a compelling message can sometimes feel daunting, especially if you have little experience. In this article, we’ll explore the art of messaging recruiters on LinkedIn, providing you with expert tips and strategies to maximize your impact and increase your chances of getting hired.

The 41 Biggest Wastes of Money

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If you’re looking for ways to earn more money to put toward your goals, start by examining your spending habits. By tracking your spending and seeing where every dollar goes, you’ll likely find several instances of spending money you don’t have to. It could be little things that add up or recurring monthly expenses that are an utter waste of money. Once you eliminate your bad spending habits, that money can go toward your emergency fund, paying off debt, or other essential things. Here are the 41 biggest wastes of money to look out for.

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