Passive income helps us to generate extra cash flow without working every day. If we want to live a peaceful life without financial problems, we need to have multiple income streams. Passive income helps us to make money without working every day. Moreover, if you suddenly become unemployed, then passive income will support your financial problem.
As a stay at home mom, you might be looking for passive income ideas that can help you to make money while sleeping. For that reason, I’ve found some of the best passive income ideas for moms.
Warren Buffet’s motivational quote encourages us to have passive income streams. We have to find out a way to make money while sleeping. Otherwise, we have to work until we die.
With passive income, you can earn money even if you busy with your household chores. For that reason, you must need a passive income stream for your security.
If you search on the internet about “passive income ideas”, you’ll find numerous articles written on this topic. However, you can’t find the best passive income ideas for moms like you.
In that case, this article will help you to find the best passive income ideas for moms. To find a suitable passive income stream, you need to go through all of these passive income ideas.
What is passive income?
Passive income is one kind of income source that needs a little bit of effort to make money without daily effort to maintain. That means you don’t need to work each day to make money.
There are lots of people out there who think it is about getting something for nothing. Truly, it’s wrong.
“Many people think that passive income is about getting something for nothing,” says financial coach and retired hedge fund manager Todd Tresidder. “It has a ‘get-rich-quick’ appeal … but in the end, it still involves work. You just give the work upfront.”
So, you have to do all the work at the beginning to earn passive income. All you have to do is establish your business at the beginning point.
When you getting started, you need to focus on your work rather than thinking about money. Once everything is established, the result will be in front of you.
So, let’s see which are the best passive income ideas for moms.
Passive Income Ideas For Moms
If you really want to make passive income, then you can check out these passive income ideas. To find the best option, go through all of these passive income ideas.
1. Start A Blog
Earning Potential: Up To $10,000/mo (Depend on traffic)
Starting a blog is one of the best ways to generate passive income. There are lots of stay at home moms available that are using this way to generate passive income. You can also start your own blog and generate passive income from home.
There are numerous benefits of blogging available. Here are a few of them:
- Express your imagination and share your passions
- Sharing your knowledge to help others
- Improving your writing skills
- Generate passive income
The best thing about blogging is you can do this anywhere and anytime. Moreover, you can start a blog on any topic. If you ask me about a blog topic, then I will recommend choosing a topic where you good at. For example, if you love to cook, then you can start a cooking blog.
Here are a few blogging ideas for moms that might help you to choose:
- Personal stories
- Product reviews
Starting a blog from scratch is very easy. There are tons of articles written on this topic. All you need to do is search on the internet about how to start a blog. You’ll get numerous useful articles.
Here are a few steps to start a blog from scratch:
- Choose your blogging niche or topic
- Choose your blogging platform (WordPress)
- Buy domain name & hosting (Hosting: HostGator)
- Design your website or blog
- Install useful plugins
- Make money from a blog
Related Article: How to Start a Successful Blog
Disclosure: If you buy HostGator web hosting using my affiliate link, I will earn a commission at no cost to you. HostGator is a very good web hosting provider for beginners.
There are numerous ways available to make money from a blog. When you getting started, you can’t use every way to monetize your blog. In the beginning, you have to choose one or two ways to monetize your blog.
Here are a few ways to monetize your blog:
- Monetize your blog with AdSense
- Monetize your blog with affiliate marketing
- Monetize your blog with sponsored blog posts
- Sell your blog ad space
Related Article: How To Make Money From Blog: Complete Guide For Beginners
One thing that you need to understand is your earning will depend on your blog traffic. Once you establish a good amount of traffic on your blog, you can easily generate passive income.
Here are a few tips from successful bloggers for newbie:
- Get ideas from your audience – Dave Larson
- Understand your audience – Brian Clark
- Write for yourself first – Adii Pienaar
- Build your email list – Kristi Hines
- Love your existing readers – Darren Rowse
- Give stuff away – Jeff Bullas
- Be consistent – Neil Patel
- Give it time – Rand Fishkin
- Write catchy headlines – Dave Kerpen
- Keep it short – Derek Sivers
Related Article: 16 Top Tips from Blogging Experts for Beginners
Therefore, start a blog and generate passive income. As you see, it will take less than 30 minutes to start a blog. However, you have to invest a little amount of money to start a blog. To start a blog, you have to invest around $34 to $65 (Depending upon your goals and the type of blog you want to start).
2. Affiliate Marketing
Earning Potential: $10,000 to $400,000 A Year
Affiliate marketing is another passive income idea that will help you to generate passive income while sleeping. The best thing about affiliate marketing is you don’t have to work daily to make money. It will be one-time work to generate passive income.
When website owners, social media influencers, or bloggers promote third party’s products or services and make sales, they earn a commission. That’s what is called affiliate marketing.
Nowadays, companies and brands run affiliate programs to increase their sales. When you become their affiliate, you’ll be able to promote their products or services to your audience and earn a commission on each sale.
There are numerous affiliate programs available to become an affiliate. All you have to do is choose the best affiliate programs that are useful for your audience.
Here are a few affiliate programs to start with:
If you have a blog, then you can promote affiliate products or services to your audience. Also, you can use your social media platforms to promote affiliate products or services.
Lastly, affiliate marketing is something that can help you to make money by adding a link to your site or social media platform. In reality, you can’t expect to earn money by affiliate marketing if you can’t attract your readers to click on the link and make a purchase.
To become a successful affiliate marketer, you need to learn it first. There are numerous successful affiliate marketers available that are teaching affiliate marketing to beginners. You can take an affiliate marketing course to start affiliate marketing in the right way.
Affiliate Marketing Course: ClickBank Success – Affiliate Marketing Without A Website
3. Sell eBooks
Earning Potential: $10,000 Per Year (Amazon)
eBooks can be another option to generate passive income without much effort. An eBook is an electronic book that can be read online.
Nowadays, people love to spend time on smartphones. For that reason, they love to read books online. There are lots of platforms available where we can read books.
For that reason, you can easily sell eBooks to generate passive income. To create an eBook, you don’t have to invest any money. All you have to do is write eBooks that are appealing to the audience.
The best thing about selling eBooks is you can sell any type of eBooks. All you have to do is put your work in a PDF format.
When it comes to selling eBooks online, there is only one name that comes in front of us that is Amazon Kindle. You can use Amazon Kindle to sell your eBooks. The best part of Amazon Kindle is your eBooks will be in front of millions of readers.
Therefore, write eBooks to sell them on Amazon Kindle and generate passive income.
4. Sell Online Courses
Earning Potential: Up To $50,000/mo (Depend on sales)
Like eBooks, you can create online courses to generate passive income. There are numerous people available out there who want to learn new skills online. You can teach them through online courses.
There are a few platforms available that will help you to sell your online courses to potential learners, such as:
Therefore, create online courses to teach people and generate passive income.
5. Web Developer
Earning Potential: $61,512 Per Year
Web developing is another passive income idea that can help you to generate passive income.
If you can learn programming languages, then there is a bright future waiting for you. You can create website themes from scratch and sell them online. You can use a platform called ThemeForest to work as a web developer.
You can take an online course or read an eBook to learn programming languages. Also, there are lots of videos available on Youtube to learn programming languages.
Therefore, become a web developer to generate passive income.
6. App Developer
Earning Potential: $105,220 Per Year
Who doesn’t use smartphones these days? Over 3 billion people all over the world use smartphones. For that reason, an app development career is high on the peak.
Apps help smartphone users to add additional features to their smartphones. As an app developer, you’re helping people to exaggerate their smartphone’s features.
You can create any type of app to generate passive income. It can be a game or any other app that will help smartphone users to unlock new features on their smartphones. Moreover, if you can create the next Instagram or Facebook, then you can become a billionaire. Therefore, pursue this profession to generate passive income.
Related Article: How To Make Money As An App Developer: 7 Best Methods
7. Sell Stock Photos
Earning Potential: $30,000-$40,000 Per Year
There are numerous companies and organizations available that are looking for stock photos to use for their business. They are looking for photos that will define their business.
What types of photos sell most? Here are a few photos that sell most:
These are the most popular categories to sell photos online. There are lots of places available where you can sell photos, such as:
Related Article: 15 Best Places To Sell Online Photos
8. T-Shirt Designer
Earning Potential: $20 Per Design
To become a T-shirt designer, you don’t need to be a graphic designer. There is a place called Redbubble where you can sell t-shirt designs. You can sell simple t-shirt designs if you have a little bit of knowledge about graphic design.
To create t-shirt designs, you have to be fluent in Adobe Photoshop. If you can’t use it, then you can use an online graphic design tool called Canva. It will help you to create graphic designs without having professional graphic design knowledge.
9. Rent Your Home
Earning Potential: $924/mo
Renting out your home can be a great option to generate passive income. If you’re planning to go for a vacation, then you can rent out your home for a short period of time. Rather than keeping your home empty, rent it out to make it a money-making opportunity.
Even if you don’t plan to go for a vacation, you can still make money by renting your spare room. There is a website called Airbnb where you can list your home or room for rent. The best thing about this platform is you can set your own terms and conditions.
Therefore, use Airbnb to list your home to make some extra money.
10. Rent Your Car
Earning Potential: $25 Per Day
Do you have a car that you don’t use daily? Yes? You can rent out your car to make extra money.
Rather than keeping your car in the garage, why don’t you use it to make some money out of it? There are a few platforms available that will allow you to list your car for rent. Here are a few places to list your car for rent:
Related Article: 7 Best Places To Rent Your Car To Make Extra Money
How many passive income streams should you have?
If you’re thinking about this question, then I would like to tell you that it depends upon your financial goals. If you want to make lots of money, then you need to work on a couple of passive income streams.
However, I personally don’t recommend having two or more passive income streams. If you can work on a single passive income stream perfectly, then you can make a good amount of money every month.
As you can see, there are a few passive income ideas available that will help you to generate passive income. All you have to do is choose the best passive income idea that is convenient for you.
If you want to generate an easy passive income stream, then use renting out a home or car. You don’t have to do anything rather than listing your car or home.
Hopefully, this article helped you to know about the best passive income ideas for moms. If you like it, then share it with your friends.