Smart Passive Income IdeasMoney that you make from your job is your active income. However, most of the time, an extra income is needed to make ends meet.

Passive income, on the other hand, means that you get to earn money from something even though you are just staying at home or working at your regular day job.

Regardless of whether you are an entrepreneur or an employee for a company, you can still earn real passive income as long as you are willing to put in the effort, time, and money.

The usual passive income in the past includes things such as renting out a house and then sitting back and waiting for the money to come in. With the digital age, things are now different. There are many things that you can do on the Internet. You do not have to be a land or homeowner in order to earn passive income. Here are some smart passive income ideas that you have to know.

  1. Affiliate Marketing

This can generate you a lot of passive income especially if you are using the product. The good thing about selling a product that you have experience using and that you believe in is that you can genuinely convey to others about how the product has changed your life. In affiliate marketing, you can deal with the company or the person who owns the product to let you sell it on your website. You are then provided with a special URL that is unique to you and for every sale you make, you earn a commission. The affiliate products you are marketing could be information products or physical products.

  1. Teaching An Online Class

Use your expertise in an area to your advantage by starting an online class. This is a very rewarding experience and you can also add it to your resume. Once you have the modules for your first batch, you can reuse it for the following batches. However, you may need to update your modules and e-books.

  1. Creating and Selling E-books

Creating and selling e-books is something that you can do even when you are at home. If you are an expert or are experienced in a certain area, you can write down your thoughts and life lessons. You can get someone to write for you or have an editor check your work. Whatever method you choose, e-books are a good way to earn money.

However, the downside to selling an e-book is that there you will be dealing with a lot of competition out there. You have to make sure that your e-book stands out so that you can get a return on your investment.

  1. Selling Ad Space

When you have a website that is getting a high volume of traffic, one of the passive revenue streams that you can have is by selling ad space or allowing PPC ads on your website. PPC or pay-per-click is very easy because when a visitor visits your site and clicks on the ad, you get paid regardless if the advertiser makes a sale or not.

  1. Web Design

You can sell your work in a marketplace if you have graphics and other designs in your portfolio. You also have the option to create a website for your work. There are a lot of businesses looking for stock photos and templates for their sites. Just remember that you have to create something that stands out from the rest.

Of all these ideas perhaps you can first consider affiliate marketing type of strategies for your work from home venture. There is one global ecommerce business that may be suitable for you.

Click here to learn more: Global eCommerce Business