7 Urgent Things Beginners Need to Know About Passive Income

Beginners can make passive income in many different ways – but most online gurus or famous authors focus on specific niches like real estate, dropshipping or financial investments… Beginners, you can make passive income in other, less complex ways!

How can a beginner make passive income? Beginners can make passive income in a variety of ways that do not have to consist in large or complex financial investments. The following are the main ways beginners can make passive income:

  • Brick & Mortar Businesses
  • Online businesses
  • Side Hustles
  • Peer-to-Peer Economy
  • Investments
 

What does that actually mean? It means it has never been easier for beginners to make passive income! This website, Beginners Passive Income, is dedicated to providing beginners with guides and ideas on how to make passive income. Read on for more information on how you can make actual passive income, even if you are just starting out.

How Can a Beginner Make Passive Income?

Beginners Passive Income is dedicated to providing you with guides and ideas on how to make passive income. The following contains a selection of references from our site that answer the question of how beginners can make passive income. Feel free to click on the buttons below, they will take you to other sections of our site with even more info.

#1. The Difference Between Passive Income vs Active Income

Before we get into the details of how to make passive income as a beginner, let’s have a quick look at how we define passive income.

Definition of Passive Income: Passive income is a steady stream of income that does not require active maintenance. Passive income may take an important time or financial investment to create and setup. However, it can provide non-active income for many years forward.

So, if you worked very hard to build a passive income blog by copywriting, and it is making you $5000/month after two years, you can reap the benefits of your hard initial work for years to come.

Definition of Active Income: Contrary to passive income, active income requires physical presence and time in order to produce revenue. It is requires a constant time and physical effort, and may not provide income on days where physical presence is not met (ex. sick days, vacactions, retirement).

If we took the example of blogging again, in the case of active income, you would be working on your boss’s or client’s blog in a 9-5 format job, or as a freelancer. In that case, you are working to build a passive income blog for someone else, while you invest your time and physical presence to make an hourly or flat rate.

If you are making active income working for someone else, theoretically, you have to wake up in the morning, go to work, and complete tasks throughout the day for your boss and colleagues. If you are absent one day, you may not get paid. If you are sick or go on vacation, you may not get paid. This can be a great way for people to make money if they need it right away or to build up a base to start making more passive income.

However, Passive income can provide you income at any time of the day. If you put in the initial time and effort to build a strong, recurring passive income stream, it will provide you with income while you are playing with your kids, taking the day off, on vacation or even sleeping.

Want to learn more? Read this article  it’s a great place to start when you want to learn more about active income vs passive income. The article covers the following topics:

  • Passive Income vs Active Income [Your Time]
  • Meh, Passive Income is a Utopian Idea
  • I’m Not a Rich Person. Can I Make Passive Income Too?
  • I Can’t Quit My 9-5. How Can I Make Passive Income?
  • Do I Have to “Invest Money to Make Money”?
  • How Long Does it Take to Make Passive Income?
  • Is Passive Income Taxed Differently from Active Income?

#2. Passive Income is Real & It’s Never Been Easier for Beginners

We live in a time full of so much opportunity! But, due to bad publicity and a multiplicity of guys standing in front of expensive cars on YouTube selling false hops, the idea that passive income actually exists has become highly questioned. However, passive income is real and can be created through traditional means such as stocks, bonds investments, and real estate, or through modern means like online peer-to-peer platforms, blogs and businesses.

Click here or on the button below to learn more if you have doubts about passive income actually being real. This article has a look at some passive income questions beginners may have, like if passive income is a myth, how it can make you rich.

The article also includes some cool passive income ideas for beginners:

  • Passive Income is Not a Myth
  • Can Passive Income Make You Rich?
  • The Truth About Passive Income [Your Time]
  • Passive Income Ideas for Beginners
  • Follow Your Passions No Matter What

#3. Passive Income Can Make You Rich

You may have read that title and thought, awesome! Now I know exactly how to get rich! Passive income is the way to go, I knew it. Sure, but before you get there, you need to know where “there” actually is. What does “rich” mean to you?

Passive income can make you rich if you have multiple, scalable, sustainable, income streams that demande little to no time to maintain and provide enough ROI (Return on Investment) to exceed your expenses.

There are hundreds of ways you can make passive income like through traditional financial investments, or online or by starting a business, or through peer-to-peer platforms. But you need to know how you define “rich” before you decide on the route you would like to talk (which you can check out here on our site in the article “5 Passive Income Sources & How to Choose the Best One”). 

Click on the link here if you do not yet know how much passive income you need to be “rich” and what it takes to become rich from passive income:

  • But How Much Passive
  • Income Do I Need to be “Rich”?
  • What Does it Take to
  • Become Rich from Passive Income?

#4. The Benefits of Passive Income

We already had a look at the difference between active vs. passive income. But if you still aren’t convinced of the numerous benefits of passive income, we would like to invite you to read this article on our blog that contains 18 benefits of passive income. Here is the main one:

An individual with enough passive income to sustain themselves and their family, while exceeding their costs allows financial freedom.

Passive income is freedom to us. Without the pressures of restraining your time (and your actual life) to a value per hour, you will have much more flexibility to generate income that won’t be capped off by the number of hours you can work per week. If you still aren’t convinced, read the article to find out the 18 benefits 😉

#5. How Much Passive Income You Can Generate

We are human. We only have so many hours in a day, and even if we were paid $500 per hour, we would still be limited by the time we can physically be present at work. You probably heard that rich people make most of their revenue from passive income, it’s true. The beauty of passive income is that it does not depend on your time or physical presence to provide you money.

How much passive income you can generate is unlimited. The reason being it is an income source that is independent from your personal time and physical presence. However, how much passive income you can generate also depends on the types and number of passive income sources you have, as well as your upfront effort, motivation, perseverance and skill to build a non-active, scalable, sustainable passive income source.

So yes, there not only work involved, there are a couple factors that will influence how much passive income you can generate. This article covers those hurdles, and actual numbers (passive income revenue) made by different people in each niche. Here is a quick example:

According to Income School, a monetized blog can make over 7,000$ / month of passive income once the traffic reaches about 170k monthly page views (which takes about 24 months).

This article covers the following topics:

  • Types of Passive Income Sources
  • Number of Passive Income Sources [Diversification]
  • Your Motivation, Perseverance And Skill [Upfront Effort]
  • Building a Non-Active, Scalable, Sustainable
  • Passive Income Source
  • Can Passive Income Make me Rich?

#6. How to Choose the Best Passive Income Source

There are multiple ways to make passive income despite the myths of overnight success and the obscure financial advice you may find across the web. Passive income may be generated by investments, but could also come from an online business, brick and mortar businesses, the peer-to-peer economy or even side hustles.

Generating passive income does not have to require investing money (check out this article for ways to make passive income without spending any money), but it usually demands a lot of time to setup. This article covers each passive income source in detail, while providing examples and passive income ideas, so you can decide which kind of passive income is best for your needs.

  • 1. Peer-to-Peer Economy Income Sources
  • 2. Businesses That Can Be Automated or Outsourced
  • 3. (Monetized) Online Businesses
  • 4. Side Hustles That Are Eventually Outsourced
  • 5. Passive Income Generating Investments
  • How do I Know Which Passive Income Source is the Best for Me?

#7. Passive Income Ideas for Beginners

This website, Beginners Passive Income, provides beginners with hundreds of ideas to make passive income. We don’t focus on more complex ways to make passive income like real estate or stocks and bonds. Sure you can make passive income with those types of investments, however, they may not be the most beginner-friendly ways.

Head over to our home page for hundreds of easy passive income ideas for beginners. They are each ranked by how:

  • Passive
  • Scalabile
  • Expensive (Startup Costs)
  • Difficult
  • Time-Consuming
  • Risky
  • Seasonal
  • And by how much ROI (Return on Investment) they provide.

Related Questions

How can I make passive income with no money to invest? You can make passive income with no money to invest by using peer-to-peer platforms offering rentals (AirBnB, renting your bike or your parking spot), or other by other means including side-hustles (copywriting, being a virtual assistant, creating audio books etc.) Learn more in this article.

How do I start making passive income? Before you get started making passive income, know what your goals are (how much money would you like to make), and how much passive income you can generate. Then choose the best passive income stream for your needs and goals. Then you can choose a passive income idea depending on your skills and needs.

Disclaimer: The information contained on this Website and the resources available for download through this website are for educational and informational purposes only and are not intended as, and shall not be understood or construed as, professional advice. Results mentioned are not guaranteed. Starting a business or an online business always involves risk and demands a lot of time. The success of your (internet) business depends on your hard work and skill. We do not guarantee any business or income. It is also imperative that you consult a tax and/or legal professional in your area to ensure you comply with local, or nation-wide rules and regulations that pertain to your area before you join a peer-to-peer platform or start a business with the purpose of making money. Consult our Disclaimers page for more information.

Beginners Passive Income

Passive income for beginners. Ideas, guides, motivation, inspiration and everything in between.

Affiliate Disclaimer

Beginnerspassiveincome.com is a participant in affiliate programs designed to provide a means for sites to earn advertising fees by advertising and linking to their sites and is compensated for referring traffic and business to these companies. There are no extra costs to you if you sign up to any service through an affiliate link. Please refer to our Disclaimers page for more information.

Content Disclaimer

This blog does not provide legal, financial or tax advice and does not create an attorney-client or client relationship. We are not trained or certified financial advisors, and we are not your financial advisor. For legal, financial or tax advice, please contact a qualified professional in your area.We do not guarantee any business or income. Consult our Disclaimers page for more information.

Try Tidio Chatbots
5 Step Passive Income Blueprint
Our passive income blueprint provides five steps to financial freedom. From learning what passive income is, setting up your passive income goals, choosing your passive income idea, having what it takes to achieve your financial dreams, and then give back.
Outsource The Work
Plan Your Passive Income Success
passive income journal tracking

Plan your success to financial freedom over 24 months. Commit. Organize. Track. Grow. Build and execute your plan to replace your current active income with passive income.

Related Articles

Passive Income

18 Passive Income Ideas You Can Start in Canada

You can earn passive income in Canada from well-executed passive income ideas like blogging, podcasting, chatbots, eCommerce, niche sites, dropshipping, or print-on-demand for example. It is important to choose an idea you are passionate about or interested in learning because it takes skill, patience, dedication, and hard work in order to succeed.

Read More »
Passive Income

14 Passive Income Ideas You Can Start in India

Some passive income ideas you can carry out in India include eCommerce, gaming, podcasting, monetized chatbots, niche sites, dropshipping, and blogging. You can also participate in side-hustles like food delivery apps, flipping items on craigslist, flipping domains, flipping items on eBay and more. Learn more here.

Read More »
Passive Income

12 Passive Income Ideas You Can Start in The USA

Some excellent passive income ideas that can be done in the USA include blogging, podcasting, monetizing chatbots, eCommerce, monetized niche sites, dropshipping, print-on-demand, and more. You can also engage in side-hustles like food delivery apps, or peer-to-peer rentals. It all depends on what you are able to do and passionate about.

Read More »
Passive Income

10 Passive Income Ideas Without Investments

Not every passive income idea requires a large financial investment. Some passive income ideas do not require any investment and are fairly easy to start. Some can be done online such as gaming, YouTubing or starting a blog, while others may include AirBnB, renting out your things, ridesharing, or advertising with your car. Learn more here.

Read More »
Jobs

6 Passive Income Streams for Chefs

There are many passive income-earning opportunities for chefs. As long as you are passionate and knowledgeable in something (in the culinary world or otherwise), you can turn it into a passive income source. Passive income sources that may be ideal for chefs include blogging, podcasting, creating niche sites, selling eBooks, affiliate marketing and more. Learn more here.

Read More »
Passive Income

What Does Passive Income Mean?

Passive income is income that is earned without trading time for money on an hourly or per-project basis. Not trading time for money means income is not bound to a fixed rate or a 24h/day limit, thus lifting many limitations of active income. Passive income can, however, require a very large financial and/or time investment to set up. Learn more here.

Read More »
eBooks

How To Make An eBook [Video Guide]

You can easily make an eBook for free. You only need a Google account, a computer, and a stable internet connection and eBook content. Using Google Docs, you can create and format an eBook fairly quickly and easily. Learn more here.

Read More »
Audibooks

Audiobook Narration For Beginners

There are many ways you can improve your narration skills. Some factors that affect narration include your posture, vocal cord exercises, intonation, your interest in the content and what you consume before narrating. With the right posture, healthy diet, and preparation, it is possible to produce high-quality audiobook content. Learn more here.

Read More »
Side Hustles

17 Online Passive Income Side Hustles

There are tons of side hustle ideas you can undertake outside of your normal schedule or day job to earn passive income. Making passive income from a side hustle is not something new. Passive income ideas such as eBooks, eCommerce, podcasts, dropshipping, and stock photography can make for excellent side hustles. Most of these ideas are easy to start even for beginners. Learn more here.

Read More »
Jobs

9 Passive Income Ideas for Illustrators

As an illustrator, you can earn a passive income by sharing a passion via a passive income idea. Some ideas include print-on-demand, blogging, affiliate marketing, chatbots, podcasting or selling eBooks. Your choice depends on your interests and what you would like to share. You can combine ideas to create multiple streams of passive income. Learn more.

Read More »
Jobs

8 Passive Income Ideas for Real Estate Agents

There are numerous passive income-earning opportunities for real estate agents. Some streams include blogging, podcasting, creating niche sites, chatbots, selling eBooks, affiliate marketing, YouTubing and many more. With hard work, dedication, and skill, you can turn your passion into a passive income stream. Learn more here.

Read More »
Chatbots

How to Make Money Selling Chatbots

You can make an excellent income by creating and selling chatbots. One way of monetizing your blog is by selling it to a company/business or offering it to them for free, and earning a commission on sales from it. Many businesses are willing to buy chatbots to automate parts of their sales, support, and marketing processes. Learn more here.

Read More »
Chatbots

9 Ways to Make Money From a Chatbot​

You can make money from chatbots in a variety of ways. You can monetize your chatbot with affiliate marketing, eCommerce, advertising, lead generation, surveys, landing page, and sales funnel processes. You could also sell your chatbot to businesses to reduce customer support overhead. Learn more here!

Read More »
eBooks

How to Sell eBooks on Your Own Website

It is possible for you to create and sell eBooks on your website. eCommerce tools such as Ecwid make it super easy to sell products online. For instance, if you run a niche site on educational content you can create and sell eBooks about your niche topics and earn income through your online store. Learn more here.

Read More »
Jobs

6 Passive Income Streams for Lawyers

There are numerous passive income-earning opportunities for lawyers. So long as you are passionate or knowledgeable in something, you can turn it into a passive income source. Some easy streams you can earn passive income from include blogging, podcasting, creating niche sites, selling eBooks, affiliate marketing and many more. Learn more here.

Read More »
Ideas

10 Ways to Create Multiple Streams of Passive Income

Yes, you can create multiple streams of passive income by combining different passive income ideas. Online, you could combine affiliate marketing, blogging, YouTube, and Ad placement, and monetized chatbots. If you were running passive income businesses (brick and mortar) you could combine a laundromat with an ATM, self-service vending machines and more. Learn more here!

Read More »
Jobs

8 Passive Income Ideas for Massage Therapists

There are numerous passive income-earning opportunities for massage therapists. Some streams include blogging, podcasting, creating niche sites, Chatbots, selling eBooks, affiliate marketing and many more. If you are passionate about massage therapy, you can build a passive income stream to turn it into a passive income source. Learn more here.

Read More »