Generate Passive Income in the Comfort of Your Own Home


As the gig economy becomes more prevalent across Australia and New Zealand, many people are looking for extra opportunities to piece together a comfortable living. And while most side-hustles involve trading time for money, there are a few opportunities that generate passive income – that is, getting paid while you sleep.

If you are looking to earn some extra money without the obligation of being tied to set hours, check out our top ten ideas for generating passive income online.

Note: You don’t need to be a super entrepreneur, have a massive amount of start-up cash, or be technically talented to put these ideas into motion. All you need is a little bit of ambition and some follow-through.     

Go get ‘em!

1. High Yield Savings Accounts

Where do you keep your extra money? In a mason jar? Underneath your mattress?

Do you just leave it in your pockets until it falls out in the washing machine?

Odds are, you are losing out an opportunity to earn some passive income with the extra money you already have.

Instead of stashing your money in some random place or account, look into high yield savings accounts as a better alternative to store your money. Right now, RaboDirect is offering up to 3.05% return on its high yield savings account! (June 2018)

2. Credit Card Reward

You have to buy things and spend money. So, since you are going to spend money on things you need and want anyway, you might as well earn some passive income on those expenses.


Sign up for a credit card reward program.

Many credit cards offer various reward programs that include cash back and money for lifestyle expenses.

If you decide to join a credit card reward program, make sure that it provides rewards that are relevant to your lifestyle and needs. So, you get the most passive income from your rewards card if you can pay off all outstanding balances at the end of the month. That way, you get the cash back, but avoid the interest payments.

3. Sell Your Photos

Do you have a smartphone?

Of course you do!

Do you take pictures on your smartphone?

Of course you do!

There are several picture distribution sites that allow you to create an account, post your photos, and sell them online. The best thing about this is that you don’t need to be present in person or online in order to sell and make money off of your pictures!

Some of our favourite photo distribution sites include:

  • Fotolia
  • Alamy
  • Shutterstock

4. Write an E-book/Guide

We know that the idea of writing an ebook sounds overwhelming and impossible to achieve. But, don’t be dismayed!

If you have an interest that you are knowledgeable about, you can write an ebook!

The knowledge that you have doesn’t need to be academic, either. Your point of view can be solely based on your experience, observations, or opinions.

And believe it or not, people want to know what you think! You would be surprised at how many people have the same interests as you and want to know your views and ideas.

And the profit potential of e-books is unlimited! Once you write your book (or books), it will always be there – making money for you while you sleep.

5. Make YouTube Videos

Like e-books, making YouTube videos allows you express your thoughts, opinions, and ideas and share them with the world.

However, YouTube videos have a few perks over e-books.

  • They can be easier to create
  • They are faster to distribute
  • They have lower development and maintenance costs

Furthermore, with a YouTube channel, you can make money off of advertisements and affiliate marketing.

And there is money to be made! In fact, Felix Arvid Ulf Kjellbersg made $15 million commenting on video games!


6. Buy a blog

Starting a blog can be a lot of work and require a bit of technical expertise.

However, thousands of blogs are abandoned every year. This leaves you an opportunity to buy a blog that has already been established and may even have a following that you can pick up on and grow.

There are several ways to monetise blogs, leaving many avenues for creating passive income without having to put in all of the groundwork.

7. Sell T-shirts Online

Brick and mortar stores come with a lot of overhead. And, they don’t leave you many opportunities to make money passively.

However, thanks to the internet, you have the option to create an online shop that can service people all over the world at anytime of day or night.

But you don’t have a product to sell, right?

No problem! Setting up an online t-shirt shop is easy and inexpensive. You could realistically have your new t-shirt business up and running by the end of the weekend. It doesn’t require that you keep any inventory and you get the freedom to advertise how you want and as much as you want.

Some of our favourite e-commerce shops are:

  • Shopify
  • Wix
  • Weebly
  • SquareSpace

8. Rent out a room

If you own your own home, you have a golden opportunity to make some passive income.

Ever heard of AirBnB? You can make money by renting out a spare room in your home.

And living in Australia gives you a great opportunity to capitalise on that, as tourism is a $47.5 billion industry for the country.

Time to get your cut!

9. Create an Online Course

You don’t have to be a professional teacher to make money teaching a course. If you know anything about anything, you can create a course about it.

As a worldwide industry, e-learning generates over $100 billion per year! And much of that money goes to course creators.

Furthermore, the benefit of being an e-learning course creator over a traditional teacher is that you don’t actually need to be present in order for people to take your class, and you can have as many students as are willing to sign up and pay!

The top e-learning platforms for course creators are:

  • Teachable
  • Udemy
  • Skillshare

10. Become a Referral Partner

There are several companies that will offer you money or benefits to refer your friends.

And they don’t even have to be your real friends – they can be Facebook friends.

For example, Acorns will offer you up to $100 to refer your friends to their micro-investing app.

People sign up – you get paid! How passive (and easy) is that!?

Ready to save money on your home loan?

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