The 8 best Passive income ideas : how to Earn Money 2020

Earning money isn't always about working hard, well actually it's never about working hard more than working smart, haven't you noticed working more than 8 hours a day with a fixed salary isn't going to lead you anywhere but making good deals will allow you to earn more than the others can make in their entire life

here in this article, I will try to put the best passive income ideas that'll make you earn money very easily and don't have to work all day but work smart for few hours and enjoy your life free time

What is Passive Income?

Passive income is money you earn that doesn’t require you to do a lot of “active” work to continue making it. The work tends to be front-loaded: If you create an online course, the sales continue rolling in g after its launch.

8 Passive Income Ideas 2020

1. Start a Dropshipping Store

Dropshipping is one of the most profitable passive income sources you’ll find online.
The best thing in dropshipping is that you build your own business and control how much you charge for the products. Out of all the passive income ideas on the list, dropshipping is the one where you have the most control over your earnings.

 2. bloggers
The most popular passive income stream tends to come from blogging. Blogging has helped countless bloggers and entrepreneurs earn passive income through affiliate links, courses, sponsored posts, products, book deals, and more. It’s true that it can take quite a bit of upfront work to build a successful blog.

 3. YouTube
It's never too late to start your own youtube channel, while you spend a lot of time watching other peoples videos you can record your own, it doesn't have to be complicated videos full of effects and hours of working , you just put things you're good at like cooking, tutorials, sports or anything ... The secret to creating a successful YouTube channel is creating content on a consistent schedule for a long time. That’s it. If you stick with it for the long haul, eventually you’ll start reaping the passive income rewards.

4. Create a Course
Selling online courses is one of the best passive income ideas of 2019. We’re still seeing massive sales growth for course creators. Whether you decide to sell a course on your own website or on another platform you’ll find customers who want to learn your insider tips and tricks.

 5. create an app
Creating your own app is one of the best ways to earn money online, even if you're not good at programming or you have no idea about it there's plenty of programs that will help you create or edit others apps and post it in your store. If you’re a developer or programmer, you might want to try creating apps as a passive income stream.

6. Buy Property
Real estate can be a good way to make passive income Depending on where you buy and when. In popular cities, there has been a rapid increase in property value – 44% in the past five years in Canada alone. By buying pre-construction condos, you may find some lower-cost properties that’ll increase in value the time it’s finally built, allowing you to sell the property once it’s completed for a profit.  As with all investments, it can be risky, so it’s best to speak with a real estate agent if you’re new to the game to help you buy the right investment property.

 7.Affiliate marketing
Affiliate marketing is one of the most popular ways to make passive income today. The upside to it is that almost every big brand has an affiliate program so you can sell some pretty popular products and rake in the dough. The only real downside is that you only make a commission of the sale. Some programs like Shopify’s affiliate program allows you to earn up to $2,000 per referral, which is astronomical. Some online retailers only give a measly 10% referral bonus.

8. Sell Digital Products
If you want to create your own products instead of selling someone else’s, you can create digital products. You can use eBay or Shopify to sell your digital products online. Digital products can include everything from ebooks, online courses, PDFs, custom graphic designs, stock photos, or some other digital goods. Selling these products is the epitome of passive income, as the entire process can be automated on Shopify with instant downloads.