Passive Income Idea Quiz
Which Passive Income Idea May You Like?
Find a passive income idea for you. 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. This blog does not provide legal, financial or tax advice and does not create an attorney-client or client relationship. For legal, financial or tax advice, please contact an authorized professional in your area. This page is intended as inspiration, not advice. Consult our Disclaimers page for more information.
Where Would You Like to Make Passive Income?
Would you rather make passive income online or offline? Offline ideas tend to be more in-person, whereas some online ideas are more behind the scenes.
When Should Your Passive Income Stream Provide ROI?
When should you be making enough money from your passive income stream to sustain yourself, and more? More may be your family, and achieving your dreams. For those who dont like acronyms, ROI means Return on Investment, so not only recouping the money you invested, but also making a profit.
How Much Effort Are You Willing to Put Into Building Passive Income?
Hard work means working evenings, nights, early mornings, weekends and on lunch breaks at your regular 9-5. If you are not willing to put in that effort, select the other answer: I am lazy. It's one or the other in the passive income world (it's ok to be lazy, we still have some passive income ideas for you in that case).
How Tolerant Are You to Risk?
Risk averse means you hate risk. Risk tolerant means you do not mind risk. Indifferent means you are not afraid of, nor avoiding risk.
How Much Startup Capital Do You Have?
How much money are you willing to invest to get started building your passive income idea? How much capital do you have to get started?
Select Your Best Skill From the List Below
Chose your top skill form this list.
If you have the profile of an entrepreneur, click the button below for more passive income ideas.
If you have the profile of a developper, click the button below for more passive income ideas.
If you have the profile of a visionary, click the button below for more passive income ideas.
"Hurry for Money"
If you have the profile of a person in a hurry to make money, click the button below for more passive income ideas.
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.
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.
You can manage multiple income streams by prioritizing, eliminating, batching, automating, outsourcing, collaborating and reviewing your processes. Managing multiple streams of passive income requires some skill and knowledge on the best management practices for your business. Learn more here.
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.
We started watching the Trailer Park Boys a couple years ago and were instantly hooked. We couldn’t understand why a mockumentary about petty criminals living in a trailer park caught our attention. After rewatching the series multiple times, we know what kept us so captive: the character’s profoundly entrepreneurial spirits.
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.