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15 Best Businesses that Run Themselves for Passive Income in 2023

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15 Best Businesses that Run Themselves for Passive Income in 2023

The modern world moves rapidly, but that doesn’t mean that your business has to require hours and hours of your time. With many people interested in the idea of a shorter work week, the key is to set up a source of passive income. It can come from an online store or a physical location, but the most important thing is to have businesses that run themselves. 

Are you ready to start making money while you sleep with a profitable business? 

Check out these fifteen ways to generate passive income that allows you to live the life of your dreams and keep a good cash flow. Let’s take a closer look. 

9 Best Online Businesses That Run Themselves

Do you dream of businesses that run themselves from the comfort of your own home? Fortunately, there are plenty of low-maintenance business ideas that are formed online. Here are nine of the best ways you can earn passive income streams from an online outlet. 

1. Blogging & Affiliate Marketing

Maybe you have already heard that there is a ton of money to be made from blogging. This business model allows you to share tips, tricks, and things you know with your audience.

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Once you build up enough traffic, this is a profitable business that allows you to sell advertisement space on your site. 

However, there is an even bigger source of passive income to be had here: affiliate marketing. This allows you to recommend products or services that you love in exchange for a small sum of money for each purchase or lead made by your audience. 

Getting started with these online businesses can feel a little overwhelming, which is where Affiliate Lab comes in.

This online course helps you to rank your website in the SERPs to find more audiences, find creative ways to monetize your traffic, and ultimately flip that site for a profit.

See our full Affiliate Lab review here to learn more. 


2. Amazon FBA Business

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Another of the top businesses that run themselves is the Amazon FBA model. You find a product you can sell for a profit, buy it in bulk, and ship it to the Amazon distribution center.

They take the orders, package them, and ship them. Then, Amazon sends you the money you made after they take their FBA fee. 

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The cost for Amazon to handle your products depends on the size of the item, with smaller items commanding a lower price. 

However, the benefit is that you can take advantage of Amazon’s extremely large customer base. People are already coming to the site intent on making a purchase.

You can capitalize on that and generate passive income at the same time. 


3. Dropshipping Business

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Online businesses don’t necessarily require you to handle physical products. Instead, you can get others to handle the product for you in a dropshipping business model.

You can implement this money-making technique on several robust platforms, including eBay and Amazon

The process is simple: 

  • You list a product for sale on your website, and a customer orders it. 
  • You pay the supplier for the product and give them the shipping information. 
  • The supplier sends the product to the customer. 

The only downside is that you are responsible for customer service, which can make this self-running business feel a little tedious if you are selling a low-quality item. 


4. Self-Publishing Company

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For those who want an online business that doesn’t require any start-up costs, self-publishing could be a great fit for writers. This business model allows you to write about topics that interest you and publish them on Amazon in ebook, paperback, and hardcover copies. Amazon prints what you sell as you sell it on a print-on-demand basis for a cut of the profit. 

Even if you aren’t a gifted writer, you can use AI tools like Jasper to write the books for you with a little tweaking. 

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Here are a couple of guides that can help you get started:


5. YouTube Channel

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Maybe you don’t mind putting your face on your self-sustaining business. When you have a knack for speaking on camera, you could start your own business as a YouTube influencer. Or, if you’re more of an introvert, check out our faceless YouTube channel ideas.

One of the benefits of these self-running businesses is that you can combine techniques to create more cash flow. For example, you can make money as an affiliate for certain programs or sell products that you recommend in your video content. 

Keep in mind that this can take a little while to start generating passive income. Be sure you can commit to producing regular content to build up an audience so you can advertise through the YouTube Partner Program and qualify for sponsorship deals.

Other resources to help you make the most of your YouTube channel include: 


6. Photography

15 Best Businesses that Run Themselves for Passive Income in

Almost everyone has access to a high-quality camera these days, as long as they have a smartphone in their pocket.

One of the easiest low-maintenance businesses is simply to take pictures anywhere and everywhere you go. It requires very minimal effort, especially if you enjoy the art of photography or would have taken pictures no matter what. 

You can start your own business with your images in a few ways:

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  • Sell to a stock photography site
  • Run a photography blog
  • Sell prints of your pieces
  • Set up a print-on-demand business with your images
  • Photograph real estate listings
  • Become a wedding or family photographer

7. Online Courses

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Do you have a skill that others would pay to learn? Online courses are great business models that enable you to set up learning material once and profit from it for a lifetime.

It involves minimal effort after the initial act of creating a curriculum, recording the videos, and designing the worksheets. 

You don’t even have to host it on your own website. You can make good use of platforms like Teachable to share your videos and content for your online courses. 


8. Print-on-Demand Business

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If you have a knack for design, then print-on-demand might be a great way to connect with your customers. You can design high-quality items your audience will love, like canvas bags, t-shirts, and more, using platforms like Printful or Printify

All you have to do is set up a storefront, integrate with the print-on-demand company of your choosing, and let them go to work.

They take the order, make the product, ship the item, and then take their cut for the hard work of actually producing the item. 

It’s a great way to get design work out there without having to keep up with inventory-tracking software or investing in a large stock of various sizes, colors, and types of products.


9. Digital Product Sales

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Another option you might consider as businesses that run themselves is digital product sales. You can create printables on Etsy or sell art prints for download. These can easily be made on sites like Canva, and there are tons of options out there. 

You can make planner pages, workbooks, party planners, and anything else your heart desires. 

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6 Best Physical Businesses That Run Themselves

If you want something a little more hands-on than an online store, it might be time to start thinking about what local businesses could be right for you. It will require a little more upfront investment, but it can be a great way to help the community and put a little cash in your pocket. 

Let’s take a look at some of these options for a self-running business. 

1. Vending Machine Business

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Most businesses have vending machines in place for their employees to take a snack break or to feed clients who are waiting for a meeting. You can cash in on this by running your own vending machine business. 

You will buy your own vending machines, and businesses will charge you a small sum for placing those machines in their stores, offices, or other locations.

After you pay the fee, you get to pocket all of the money that comes out of the sales made by the vending machines. 

Keep in mind that you will have to regularly make your vending machine route so that you can restock the machine.

You won’t make any money if the vending machines have no goods to sell.

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An ATM business might also be a great option with a similar setup. You earn money on the fees of people who use your ATMs, and you pay for the right to place them inside convenience stores, hotels, and more. 


2. Laundromat Business

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If you have some money to invest (or can secure a business loan), a laundromat business is one of the best ideas for passive income.

All you have to do is supply the washing machines and dryers, hang out some advertising, and people will come to you for this necessary service. 

Because everyone needs to wash their clothes eventually, you are likely to get a return on your investment sooner rather than later. This is also a great business that can scale to multiple locations once your first business is earning money. 

Most washing machine businesses make between $15,000 and $300,000 annually.


3. Storage Facility

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A laundromat has the potential for costly repairs, but self-storage units don’t require much from you to keep the wheels on the business.

A self-storage facility is great if you have land or a building where you can safely sell access to a unit where people can store excess belongings. 

Self-storage facilities are a relatively hands-off business model. All you have to do is make sure units are secure and defend against vandalism. 

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4. Self-Service Car Wash Business

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Maybe you don’t necessarily want to be present at all times to manage your business. A car wash business allows you to sit at home while you take the money from paying customers.

In particular, a self-service car wash business is a great moneymaker. It’s estimated that each bay you have in your car wash earns $1,975 per month

This is another hefty investment upfront, but it has the potential to be quite lucrative, and you don’t need to be involved in the day-to-day operations. In fact, you can even run a successful business and steady income with no employees. 


5. Outdoor Advertising Space

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If you own some land that sees a high degree of traffic, you might want to consider posting a billboard by the road if local zoning laws permit this.

You can then advertise your billboard rental business, and others will come to you to put their business ad on your billboard. Once the billboard is in place, you just have to sit back and watch the money roll in.

The amount you make depends on visibility and whether you live in a rural or urban area.

It may even be affected by other businesses offering similar services to yours, so consider pricing in a competitive market.


6. Rental Property Business

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Have you ever considered becoming a property manager? You might find that you can make a healthy living from rental properties if you have money to invest in real estate.

There are lots of benefits to renting out space, whether you choose to do so residentially or commercially. 

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Most of the time, your tenants will sign a long-term lease for one to three years. This enables you to rely on a set income from month to month.

The only thing you’ll be responsible for is property maintenance and repairs.

If you don’t want to manage the properties yourself, you can hire a property manager who can handle finding tenants, screening tenants, and collecting money for your monthly rental so you can kick back and enjoy businesses that run themselves. 

Final Thoughts: Best Options for Businesses that Run Themselves

Whether you want an online business or something that gets you out of the house, there are plenty of options for businesses that run themselves and generate passive income while you sleep. There are a few initial investments you might have to make, either financially or with time. 

However, once they are in place, you can enjoy a steady income for months or years to come. 

When you’re ready to start earning more, consider some of these top ways to generate money while you sleep. 

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Trump Media stock plummets again

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Trump Media stock plummets again

Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares.

The parent company of social media platform Truth Social has approached the SEC with a Files S-1 Resale Registration Statement.

Trump shares nosedive after announcement

The shares in the company ended the day on the stock market a further 18% down on initial trading. The SEC filing states:

We are registering the resale by the Selling Securityholders named in this prospectus, or their permitted transferees, an aggregate of 146,108,680 shares of Common Stock, consisting of:

  • 1,133,484 Placement Shares;
  • Up to 14,316,050 Founder and Anchor Investors Shares;
  • 744,020 Conversion Shares;
  • 965,125 DWAC Compensation Shares;
  • 690,000 TMTG Compensation Shares;
  • 6,250,000 Alternative Financing Shares;
  • 7,116,251 Private Warrant Shares;
  • 143,750 Representative Shares; and
  • 114,750,000 President Trump Shares.

This takes the overall fall down to nearly 60% of the launch price for the former President’s company stock. We reported earlier this month that the initial stock had fallen 20% in the first week of trading on the stock exchange.

Digital World Acquisition Corp merged with Trump Media in late February to a large fanfare. The highest mark for the much-talked-about stock came in at $66.22, so the dip to $26.61 is a catastrophic fall ahead of a potential further share issue.

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The $52.77 plummet will be a costly one for the company, but as we reported last week, executives are still taking home sizeable compensation in this turbulent opening.

Leading figures at TMGT have been given promissory notes to the tune of $6.25 million.

This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

It will be an interesting read ahead to see if the SEC agrees on the share issue and one that will certainly impact the future of TMGT.

Image: Ideogram.

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Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More

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Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Microsoft’s creations have impacted more than 1 billion users worldwide, helping successful innovators across industries. You can currently pick up a comprehensive collection of popular products that are primed to boost your productivity for a surprisingly low price.

For a limited time, purchase the Ultimate 2019 Microsoft Bundle, complete with Office, Project, Visio and Windows 11 Pro, at only $79.99 (reg. $927) by using coupon code ENJOY20. Pick up this full package for only a fraction of the standard cost through April 16 at 11:59 p.m. Pacific.

Offering an AI assistant, touchscreen options and personalized settings, Microsoft Windows 11 Pro packs new potential into your operating system. Enjoy higher speeds and greater security with an OS that delivers access to DirectX 12 Ultimate and Microsoft Teams.

Meanwhile, get right to work with Microsoft Office Professional Plus 2019, equipped with these programs:

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  • Access for keeping track of databases.
  • Excel for diving into data.
  • OneNote for enhanced note-taking.
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  • PowerPoint for visual presentations.
  • Publisher for graphic design needs.
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Microsoft Project provides everything you need for a large professional undertaking, with tools featuring budget management, schedule development, task assignments and workload analysis. Gain a greater feel on what’s working well and what’s not by examining automated progress reports. Plus, it’s prepared to sync with Microsoft Office.

Last but not least, Vizio is excellent for creating visual diagrams, floor plans, flow charts and more. Access 250,000 shapes and an array of templates that can be easily customized with data from compatible programs such as Microsoft Excel.

This bundle carries a store rating of 4.5 out of five based on verified buyer reviews, featuring March 2024 feedback that reads, “The installation was easy and it worked right away as expected. I will get another one in the future.”

Improve your production capabilities while accomplishing more professionally and personally by purchasing the Ultimate 2019 Microsoft Bundle, loaded with Office, Project, Visio and Windows 11 Pro, for only $79.99 (reg. $927) by using coupon code ENJOY20 through April 16 at 11:59 p.m. Pacific.

StackSocial prices subject to change.

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Learn to Play Guitar Even if You Have No Previous Training for Just $20

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Learn to Play Guitar Even if You Have No Previous Training for Just $20

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Moe than 700 million people worldwide play the guitar, and there are numerous enterprises associated with the skill. Of course, it’s also one of the most fun instruments to play and not very difficult to learn. If you’d like to have a business, or even a hobby, related to playing guitar then the 2024 Guitar Lessons Training Bundle can help you quickly learn to play guitar even if you are a complete novice.

You need no experience whatsoever to start with the Beginner Guitar Lessons Crash Course, a student favorite with an average rating of 4.6 stars out of 5. It assumes you know nothing at all about guitar, but you’ll get quickly up-to-speed without skipping anything important.

You can then follow up with Guitar Technique, another highly-rated course. It will teach you the most important techniques for playing guitar. This course is actually for students at any level because the lessons are easy to start off with, then become more difficult as you gradually advance. You’ll begin to develop your own style in this class.

Blues lovers will thoroughly enjoy the Easy Blues Guitar Crash Course. It’s another beginner course, but you’ll quickly learn to play real blues guitar and the basic terms used in this genre. One of the best, easiest and most fun ways of improving your soloing is to play children’s songs. So you should love the Children’s Songs for the Guitar course, in which you’ll learn 20 children’s songs.

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Once you’re done with the previous courses, or if you’re already at an advanced skill level on guitar, then you’ll be ready to take the Guitar Jam Method course.

It’s for just the intermediate and advanced guitar students, focusing on teaching you how to jam without needing to play a specific song. Creative guitarists can really improve their jamming and soloing skills in this class.

The course also contains seven modules “…for the Curious Guitarist”. These are Fingerstyle, Ear Training, Songwriting, Guitar Lessons, Jazz, Blues and Christmas Songs.

All of the courses are presented by Dan Dresnok, who has taught guitar to tens of thousands of students online and in-person. He’s also been a performer and recording studio session guitarist, specializing in music theory, guitar, blues, jazz, rock and bluegrass.

Get The 2024 Guitar Lessons Training Bundle while it’s available for only $19.99 (reg. $480).

StackSocial prices subject to change.

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