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8 (Realistic) Passive Income Ideas
Noah Kagan shares 8 passive income ideas in a 14-minute video, earning $40,000 weekly. Active income builds wealth, passive income sustains it. Master active income first.
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Piggyback Software
Create a business by piggybacking on the success of a popular product or platform. Build complementary services or tools that enhance the user experience and provide value.
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$200k/Year Teaching Mailchimp
Chimp Essentials is an online course teaching Mailchimp email marketing. Creator Paul Jarvis earns $200k/year with 99.5% profit margin. Marketing to a built audience is key.
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Impressive Copywriting Robot
Copy.ai is an AI writing tool that helps generate ideas and speed up copywriting. It’s like having an AI assistant for your writing tasks. Free trial available.
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Jane Austen’s Frequent Distractions
Jane Austen died more than 200 years ago at age 41 but is still renowned for writing such novels as Sense and Sensibility, Pride and Prejudice, and Emma 📚 According to a profile on her work habits in Daily Rituals – fantastic book, btw – Austen did much of her writing on scraps of paper between frequent interruptions in the family sitting…
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Roadmap to $10k/month
Help local businesses with digital marketing. Charge a retainer, deliver leads monthly. Learn from Samuel Thompson’s thread to go from $0 to $10k/month in 60 days.
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Random Pizza
Subscription service delivering random pizzas monthly based on your preferences. Founder prioritizes concept over financial success. Think “Serendipity as a Service” for other items like flowers or notes.
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Think About Your Hero
From the book Mindset by Carol Dweck: Think about your hero. Do you think of this person as someone with extraordinary abilities who achieved with little effort? Now go find out the truth. Find out the tremendous effort that went into their accomplishment—and admire them more. Related: how to work hard
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$50k/Month in 5 Hours/Week
Check out LeadCookie.com. You sign up for their service and they do outreach on your behalf to generate leads for your business. Here’s an interview with Jake Jorgovan, the founder of the company, who says he started it “for virtually no costs” and runs the whole thing using no-code tools (Airtable, Zapier, etc.) Now it generates…
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Her 6-Figure Side-Hustle
An article about Steph Smith: Create 6-figures and 3,000 customers by NOT quitting your job Steph works for The Hustle and has leveraged her day job to build a big audience and successful side-business of her own 🤑 That’s a great example of how the right job – especially the right remote job – can be a shortcut…
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$150,000 in 12 days
Kickstarter project success story: Portable blackout curtain raised $120k in 12 days. Founders quit jobs, did prep work, got advice, and hired help. Opportunity in offering Kickstarter services.
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Zero to 7 Figure Exit in 8 Months
About a year ago Danny Postma started building Headlime, an AI tool for writing marketing copy. This week he announced – at age 27 – that he had sold the company for more than $1 million 💰 An interesting nugget buried in Danny’s AMA on Indie Hackers… I got lucky my 4th startup was the big winner. For some…
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The way it works for most people
Jane Friedman writing about how much authors earn… This is the way it works for most people. You don’t earn that much at first, but you keep at it. If you can stay in the game longer than others dropping away from discouragement and disillusionment, it’s possible to see results. Along the same lines, Sam Parr did…
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Journey to $10k per month
Jessica Pereira is a freelance writer documenting her journey to earning $10k/month at Freelance to Fortune. She started 18 months ago and just had her best month, earning $4919.93 in June 🥳 Sean Ogle will tell you that freelance writing is one of the best ways to start earning online, and I tend to agree. I love how…
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Shopify app developers rejoice…
…because Shopify just announced that they’re reducing revenue share on apps to 0% for the first $1 million earned each year, down from 20%. That amounts to as much as $200,000 annually back in the pockets of each Shopify app developer 🤑 App Radar has a good overview of fees charged by app stores, and it seems to…
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