
You can never become rich, wealthy, or powerful by working 9 to 5 or working day and night. You can only become rich when you can earn from multiple passive income sources. Passive income is one of the most highly debated topics in the field of finance. Some people say that it’s real, others say that it’s a total myth.
What is Passive Income?
Passive income simply means earning money when you are not actively doing anything. Whether you are lying down or walking, going to the gym, or whatever you are doing, money is still being added to your bank account. Don’t think that you will easily become a millionaire in a day without doing anything. This is not a story of becoming a millionaire in a day.
Setting up passive income requires some pre-planning and a little effort. From this article, you will learn 6 passive income methods that can be followed to earn $2000 per day with some planning and effort.
Read More: Earn from Home: 17 Proven Ways (No investment required!)
1. High-yield online Savings Account
Now, if you’re not familiar with what a high-yield online savings account is, basically it’s just a bank account, just like your checking or savings account, but the bank is willing to pay a higher interest rate. Now it sounds like this is too good to be true, but most people just don’t know that these accounts exist.
If you search on Google for high-yield online savings, you will find many good and big banks that offer different types of offers for each account, depending on the account type. Now, the biggest thing you need to know about this one is that you do need to have money to put into these accounts to get passive income from them. That is the easiest one to make passive income.
Read More: Top 7 Online Savings Accounts for Beginners: Low Fees, High Interest
However, the catch here is that this is one you start to make money, or if you have some money in savings, switch it over to a high-yield online savings account, and you will automatically going to get passive income from that.
Capital One offers the highest-yield online savings accounts of any bank. Capital One has a Performance 360 account, which is what this is called, and they offer 3.8% interest. That is the reason Capital One is one of the best banks for high-yield online savings.
Because they are an extremely reputable bank, and a lot of people already bank with Capital One. So it is extremely easy to open up an additional account within Capital One that is a Performance 360 account, and just transfer some money into that to get this started.
Two other banks, Ally and Betterment, offer high-yield online savings accounts. Ally has been around pretty much from the start of high-yield savings accounts. They offer 3.8% as well, and Betterment typically tries to keep their interest rate as high as possible, so they are offering a 4% interest rate on whatever amount of money that you put into their savings account.
2. Become an AdSense Publisher
People are now earning money through AdSense. You don’t need much to earn from it, just an app or a website, or a YouTube channel is enough.
First of all, if I talk about the website, then to create a website, you will need a domain and hosting. If you have a domain and hosting, you can create a blogging website through WordPress. Then select a niche and publish content regularly, and monetize from AdSense. Your income will start when traffic to your website arrives.
Similarly, you can generate passive income at the end of the month by monetizing the app and by creating a YouTube channel and publishing video content there regularly. You can monetize and earn passive income every month. You can also earn through affiliate marketing through your website, which will further increase your passive income.
3. Build an AI App or Website
AI is a popular name in the world today. Now people want easy and fast solutions to problems, it can be any problem, and AI can solve any problem for all people in a few minutes.
For example, earlier it took hours to design graphics but now if you ask AI it does it in a few minutes, earlier people used to search Google or any other search engine to know something or research and try to find a solution to the problem, but now if you ask ChatGpt, it gives the solution in 1 second.
Even people are now using AI to scale their business. In this way, people have many problems that are now solved by AI, so people are now very dependent on AI.
You can generate a very large amount of passive income every month by building such AI Apps or Websites and providing services in the form of subscriptions.
For example, build an AI app or website that businessmen will use to scale their business or solve any problem in their business by purchasing a monthly subscription plan. There are many problems that humans are now solving with AI.
You just find problems that people face every day, and they find solutions to them. If they can easily find the solutions to such problems with the AI you build, then people will use your AI by purchasing a monthly subscription plan.
4. Affiliate Blogging
Affiliate blogging is a model that merges content and sales. You write a blog, and if someone buys a product from the affiliate link through that blog, you can earn some affiliate commission.
For this, you first have to select a niche, such as gadgets, fitness, or lifestyle, and then write content related to this niche. Then you have to attach your affiliate link to the content. If someone clicks on your affiliate link and purchases the product, then you can earn commission.
For affiliate blogging, you must select a trending niche, choose a topic that many people are interested in, and that you are interested in. Then create a website and sign up for affiliate programs such as HubSpot, Bluehost, Kinsta Affiliate Program. Then you will need traffic. For this, you can do SEO, or you can also provide paid traffic, but generating traffic through SEO is best because it builds the authority of your website.
5. Outsourcing Agency
Outsourcing means doing work for the client and making this line profitable. Here, you will provide services to the client such as video editing, graphic design, social media management, and copywriting.
Target the client and work with the freelancers who have work from him, offer 70% of the payment you get from the direct client to that freelancer, and pay him, and the remaining 30% is yours. Then it turns out that you can earn money by just taking work from the client without doing any work.
You can use Fiver, Upwork to get clients, offer the client yourself first, if necessary, try to do the first work for free, then the client will be impressed and their trust in you will increase, and they will give you 100% work.
Then find a freelancer expert who does the same work as the work you took from the client. You can use LinkedIn for this, there are many freelancers there.
6. Become a Media Buyer
Media buying is a very professional and smart way to earn passive income. As a media buyer, you can earn money in 2 ways:
- 1. Investing yourself
- 2. Working in a partnership
Media buying is a term that comes from search arbitrage. Search arbitrage is arbitraging search ads with traffic.
Advertisers run their search ads on search engines like Google, Bing, Yahoo, and these search engines have some search network partners or media buyers who are given access to the total search feed. They find such media buyers and give them access.
Those who get access to such search feeds directly from search engines are called search feed providers or search feed companies, such as Sedo, Tonic, Ads.com, Domain Active, and many more. These feed providers find such media buyers and give them access if they fulfill some conditions.
Basically, these feed providers generate some commission through media buyers, but the main revenue is generated by the media buyers. However, you have to keep in mind that you have to start by investing here.
First, get direct access from the feed provider companies, and then if you want to invest yourself, then run ads on Facebook or native platforms like Taboola, Outbrain, and send traffic to the landing page of that search feed.
When you run ads, remember that click/cpc is less expensive and click/cpc is generated more in the feed from which you get access. The difference between this cpc and cpc earned is your profit.
And if you don’t want to invest, then get access from a direct search feed company and then make a partnership deal with media buyers who are interested in getting the feed. They will provide total traffic, and you will take some commission from the total revenue due to providing the feed, and this is your passive income.
Use LinkedIn to find media buyers; many media buyers are interested in working in partnership.
Conclusion: Start Building Passive Income Today
Passive income is no longer just a dream it’s a real, achievable way to build long-term wealth and financial freedom. From simple options like high-yield savings accounts to more advanced strategies like building AI tools or becoming a media buyer, there’s a path for everyone.
The key is to start with one stream, take consistent action, and stay patient. Remember, passive income doesn’t mean “no work,” it means smart work upfront that pays you over time, even while you sleep.
Start building today, and in a few months, you could be watching the money flow in automatically.