Want to live the dream life but have absolutely no clue where to start? How about starting a passive side hustle to set the path towards financial freedom and live the life you’ve always wanted!
More and more people are looking to start a side hustle to generate passive income. And for a good reason! By creating a stream of extra income, you won’t have to solely rely on the paychecks of a 9-to-5 job. Earning passive income will allow you to not only stop trading your time for money, but also to reach your financial goals much faster.
Passive income is an essential part of reaching financial independence and retiring early.
How? Well, because now, the money you earn will no longer be limited to your working hours! Just imagine for a second, being able to do whatever you want whenever you want. This dream can become a reality in no time.
So, let’s find out what passive side hustles are, and what are some of the best passive side hustle ideas. Let’s get started!
5 reasons why passive side hustles make your life easier
The reason why having a passive income is so important is because you need financial security to enjoy life. Time is limited and the most precious commodity in our life. Every human being has got just 24 hours in a day. You can decide what you do with that time if you become free from the bondage of a job.
Thus, here’s why passive side hustles can add more color to your everyday life.
Complete time freedom
In the world we live in, 99% of the people are bound by activities they need to earn money. Earning a recurring passive income makes you a free person who can do anything they want in 24 hours every day.
Total financial security
The true definition of financial security means not worrying about what will happen to your income anymore. Having a job or a self-employed business allows you to earn money, but no security in life.
This concept is by far the best concept to secure your future with regard to money. It is always wise to build a recurring income with multiple sources.
Imagine making a passive income of $10,000 a month or $100,000 while you sleep, won’t it be great? Building a solid passive income will wipe off 90% of your stress, and it’s a fact for most people.
Freedom to pursue your passion
Being a free person allows you to do whatever you want, especially to do what you are passionate about. If you love cooking, you have time and money to pursue your passion.
Passive income will just boost your involvement without worrying about anything. Life becomes more colorful and meaningful if you enjoy every day with what you do.
Work from anywhere you want
Having a passive income allows you to make the decision of your own life.
Open your laptop in a beautiful hotel in the Maldives and work there in your shorts. This is truly a dream come true and most people never have this kind of life because they didn’t take action.
The idea of working online is highly convenient and if you are able to create an income passively with it – you’ve hit the jackpot.
What are passive side hustles?
Passive side hustles are considered to be a business or a side hustle that generates income for you when you’re not even working on it. It can turn into a great asset for you, if you put in the time and effort to grow it.
“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffet
It’s hard to disagree with Mr. Buffet that’s why starting a passive side hustle is essential to reach your life goals and dreams.
The good news for you is that we’ve collected the best passive online side hustle ideas that don’t need a pile of cash to start your passive income stream!
The best passive side hustles in 2022
With a passive income, you can have money coming in even as you focus on your primary job. So, let’s look at the list of passive side hustles that can get you making money!
Start an ecommerce business
If you’re looking to generate passive income, then you don’t have to look any further than starting your own ecommerce business.
It is one of the best options out there. It doesn’t require large start up costs, specific skills, experience, or any background.
In a way, an ecommerce business allows you to combine your interests with a way to make money!
Even if you have a regular 9-to-5 job, you can easily run and manage an ecommerce business. It requires only a few hours a day and many processes are already automated or taken care of.
What exactly are you going to need to do to start an ecommerce business?
Analyze the market
To properly set up an ecommerce business, you’re going to need to thoroughly research the market and decide what niche you are going to focus on and what products you’re going to sell. In all actuality, it can be anything from your hobbies or passions, to what’s popular and trending. Only you are going to decide in what direction you want to take your business.
Start a brand
To succeed in the online space you need to pay attention to every single detail. This includes separating yourself from the competition by establishing a brand. Think of a catchy brand name that will describe your business to the fullest. Want to share a story behind the idea of your business – go ahead and share it. State your brand values to connect with your customers on a more personal level. And, finally, separate your brand with eye-catching visuals.
Launch a website
No ecommerce business is complete without a fully-functioning website.
Usually, you would need to learn some specific skills to build an online store or a large sum of money to buy one. However, not anymore!
All thanks to Sellvia, the Ecommerce Ecosystem that will provide you with everything you need to start and run your online store. Now, you can launch your own fully-fledged online business and start making money in a matter of days. And, to top it all off, you can start absolutely for free!
Furthermore, not only will you be able to get a fully-functioning website, but a user-friendly one that is made with your preferences in mind. It will work on autopilot and bring you significant profits for years to come.
Doesn’t this sound like the opportunity of a lifetime?
Pick out the products
Once you have your online store ready, you need to sort out your product range.
This is one of the most important steps, as this is what will predetermine how much sales and profits you’re going to make.
Picking out the products is one thing but you also have to choose a reliable supplier who will provide you with these goods.
Sellvia is an all-in-one solution where you can get an online store, a reliable supplier with best selling products that include ready promo materials for advertising and many more benefits.
We suggest you focus on establishing a niche store, as it has many advantages compared to traditional stores. This includes lower competition, higher customer engagement, and much more.
Whenever your business starts growing, you can broaden your product range and add more products.
Set up your website’s content
Having a website filled with content can take you a long way. So, make sure to work on the product descriptions, product images, and other website pages and sections. Additional website sections such as “About Us”, FAQ, or an established shipping policy can help manage your business greatly.
Furthermore, it’s important to incorporate SEO into the site’s content to help it rank higher on search engines.
Promote your online business
When you finally have everything ready, you’re going to need to promote your products. Otherwise, it’s highly unlikely that you will make sales.
Luckily, there are many online marketing instruments you can use to improve your online presence.
Platforms like Facebook, Instagram, YouTube, even TikTok and many other social media networks can help a lot in this regard. Moreover, be sure to utilize email marketing to get the most out of your potential customers.
These are the basic steps to starting an ecommerce business.
However, you can skip a lot of these steps and get straight into managing your online store and making sales! All it takes is a few clicks and a turnkey ecommerce store is yours.
Setting up a passive side hustle with Sellvia
Passive side hustles have never been so easy to set up as it is with Sellvia.
Sellvia is an ecosystem designed to start and run an ecommerce business with zero effort, risks, and investments.
Sellvia provides ecommerce entrepreneurs with the following benefits:
Sellvia provides its partners with access to a US-based fulfillment center which will take care of your customers’ orders, with your family or being involved in any activity you’re passionate about.
High-quality products at low prices
The Sellvia catalog includes thousands of trending products which you can add to your online store in just a click. All the products are stored in our US-based warehouse.
Once you receive a purchase request on your online store, we will deliver it to your US customer within 1-3 business days.
Professional promo materials
No longer do you have to worry about creating various promo campaigns for your products. Each product from the Sellvia catalog comes with a top-notch product page, professionally written descriptions with high-quality media materials, and stellar promo materials for your ad campaigns.
You can get all of these benefits and start your online store absolutely for free! One of the few side hustles you can start with no investments and any experience. All you have to do is devote a few hours per day to manage your online store and ad campaigns. Once that is taken care of, you can occupy yourself with things you like to do most and even make money in your sleep.
And the best part about it – anyone can do it, from absolutely any corner of the world! Everything you need in one spot.
Start a YouTube channel
One of the most popular side hustles out there is making YouTube videos. It is a unique opportunity to capitalize on your creativity with making videos.
A YouTube channel generates passive income through advertisements placed on your videos.
The potential to find your niche of viewers is also very high, considering that YouTube happens to be one of the most popular platforms in the world. As of 2021, there was an estimate of 2.24 billion YouTube users worldwide.
And it doesn’t require a lot of investments to get started. What you’re going to need is a personal computer or laptop with an Internet connection, a video camera, and a quality microphone. Remember, people not only see you, they also hear you. So, to many YouTube users audio quality is as important, if not more important than video quality.
If you have a knack for video making and editing, and you have some kind of knowledge on a niche specific subject you want to share, starting a YouTube channel can be very promising.
However, make sure to get acquainted with the YouTube Partner Program to fully understand all the requirements. For example, before you can monetize your YouTube videos, you’ll need to have more than 1,000 subscribers and you’ll need people to have watched your videos for 4,000 hours in the last 12 months, among other things.
Nevertheless, if you meet the requirements, you’ll start earning money from advertisements every time someone watches one of your videos. And as more and more people start watching your videos, you’ll have even more opportunities to earn passive income for ads.
Launch a podcast
Similar to YouTube, another great passive side hustle you can try to make extra money is starting a podcast.
In the last couple of years podcasts have become especially popular. And similar to YouTube, if you’re passionate about a particular topic or niche and want to share your thoughts, this platform is great for you.
The main challenge in establishing a podcast is to build a podcast audience. Despite this challenge, podcasts usually earn more money per viewer than any other platform because of the dedicated listeners.
Podcast hosts also have another common method to make money and that is through sponsored ads and affiliate codes.
Nevertheless, this is one of the most challenging passive side hustle ideas out there since it can take a lot of time to grow. However, when your podcast starts to grow, you can outsource many aspects and focus on the conversation with your guests.
Sell stock photography
This one is for all the lovers of capturing the moment with a photo camera. Selling stock photos is one of the few passive side hustles that can be fun and lucrative for photographers. Even if it’s just a few dollars at a time, this income can become substantial over time.
While you might be thinking you need a costly camera and equipment – this isn’t always the case. Sometimes you can get away with a simple smartphone camera if you have the right skills.
Sell online courses
Selling an online course can be a significant revenue stream for your finances if you have an audience to sell to. You can find digital courses on practically any topic, from indoor gardening to accounting and even coding.
Do you have a certain level of expertise in a specific field that people are always interested in? If so, you can build a course around it and build a passive side hustle. When compared to other passive income streams – selling an online course can be more profitable and require less money upfront to get started.
Creating an online course is more about planning and content than it is anything else. Ensuring that your course flows correctly and the content is valuable is the most important part of selling online courses. This means you should take the time to plan out your course and get feedback from others in your target market before releasing it to the masses.
Depending on your course topic, you may not even have to show yourself on-camera. Instead, you could use presentation slides or record your computer screen and add a VoiceOver.
When you’ve finished creating your online course, people can continue to sign up for it as long as you keep registrations open. If you set it up correctly and take the time to share it with your audience, your course can effectively earn you money on autopilot.
With services like Teachable, it’s never been easier to create and sell an online course of your own. These can command premium prices ($100-$2000 or more) and allow you to help more people than you could with one-on-one consulting.
With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account.
When a visitor clicks on the link and makes a purchase from the third-party affiliate, the site owner earns a commission.
Affiliate marketing is considered passive because, in theory, you can earn money just by adding a link to your site or social media account. In reality, you won’t earn anything if you can’t attract readers to your site to click on the link and buy something.
However, if you’re just starting out, you’ll have to take time to create content and build traffic. It can take significant time to build a following, and you’ll have to find the right formula for attracting that audience, a process that itself might take a while.
All you need is to get the affiliate link and start promoting online to make money. If you want to start earning through affiliate marketing it is better to choose a program that will pay you recurring passive income. This type of investment can be genuinely passive if it’s already generating revenue with very little hands-on involvement.
Top passive side hustles to make money in 2022: Final thoughts
Nowadays, there are all sorts of side hustles that enable you to earn passive income. From YouTube to selling digital products and even creating your own online course, the opportunity has never been better.
There are many passive side hustles where you can start to generate passive income each month and build your residual income.
Growing passive income streams likely won’t be passive at first. You’ll need to put in a significant amount of work upfront before you build a steady stream of passive income.
However, there are so many different ideas out there you can try. Just make sure you play to your strengths and put in the upfront work so your business gradually demands less time.
Start your passive side hustle today and create a path to reach financial freedom, success and security! With Sellvia, you will have everything to build your dream online business with zero efforts and investments.