Ready to Quit Your Job? 13 Passive Income Ideas in India to Help You

Passive Income Ideas In India: 9 to 5 is not the only option in a job, there are many ways to earn money from passive income such as buying and selling real estate, doing your own side business, online trading, etc. Unlike active income, passive income involves less effort and involvement.

Through this blog, we will tell you many ways to make passive income (Passive Income Ideas In India) with the help of which you can improve your financial condition and become financially free.

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What is Passive Income?

Passive income is a great way to improve your financial situation. Unlike passive income where you have to spend time to earn money, passive income allows you to earn money while watching a movie and having fun. The popularity of passive income is increasing over time, as it helps people get financial security.

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Passive Income Ideas In India

Passive Income Ideas In India – Investment-Based

These are some investment-based ways of generating passive income. It includes dividends from shares, real estate (rental property), index funds etc.

1. Dividend Stocks

Companies give a certain percentage of their company’s profits to their shareholders in the form of dividends, which is considered a stable source of income for investors.

2. Real Estate

When we buy land or a house and rent it to another person for use, it is called real estate income, and the income coming from it is known as passive income. Peer-to-peer lending (P2P lending)

This is a way of making passive income in which you lend money to people according to their needs and take back your principal amount with interest. This is also called P2P lending which is a very simple way to make passive income. Many companies in India are earning money by following this.

3. Index Fund

Funds that have very low risk and there is no problem selecting different stocks are called index funds. In this, you get stocks like a basket of stocks at a reasonable price and they keep increasing over a period of time, which proves to be very helpful in generating passive income. REITs (Real Estate Investment Trusts)

This is like a mutual fund, in which you invest in income-producing property like offices, malls and apartments so that you become the owner of a certain percentage of that property, which helps you to provide a good passive income in the future.

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Passive Income Ideas In India – Online Business And Side Hustle

Any other work done along with the job that becomes our source of income comes under the category of Side Hustle. This includes online businesses like blogging, affiliate marketing, dropshipping etc.

4. Affiliate Marketing

When you promote a third party’s product or service and if someone buys that product or service through the referral link provided by you, then you get a certain percentage of the price of that product as commission. This is called affiliate marketing.

In the beginning, you need to have a good traffic (audience) for affiliate marketing, because a company gets its product promoted by you only when you have a good traffic source and traffic.

5. E-books Products

When the online courses, designs, e-books etc. created by us are sold online then it comes under the category of creating and selling digital products, which works very well once set up, and is very helpful for you to create a passive income (Passive Income Ideas In India).

6. Dropshipping

This is an e-commerce business model in which you can deliver goods directly from the seller to the buyer without stocking any goods. For this, you need an online platform like an e-commerce website, in which you share photos of those products and some information about them.

7. YouTube Channel Monetization

YouTube is a great way to make passive income, initially, you need some lighting, and a camera, and in this, you can make and upload videos on whatever you like as per your interest. When your videos start getting views, then you can earn money from YouTube with the help of monetization.

8. Blogging

Create a website and write articles on the topics you are interested in, then do proper SEO and publish them. A good article in which readers get answers to their questions attracts them. After that make money by running ads on your blog.

Also Read: Business Startup Plan: 6 Steps

Passive Income Ideas In India – Royalties and Licensing

This is a way of generating passive income in which you sell your created or written things like books, songs, photography, apps, etc. to people and earn money by taking royalty and licensing.

9. Writing Books and Music

Whenever an author or musician writes a book or music and uses it or sells it to someone, he earns a royalty on it. If you are also fond of writing, then you can make a great passive income by taking its royalty and licensing.

10. Licensing Your Photography and Artwork 

If you have the art of photography or painting, then you can create your own website, upload your pictures on it and sell them to people to generate a passive income.

11. Software and Apps Creation

Create a software, app or plugin and license it to people and businesses to use it. Every download of it earns you a Passive Income

12. Mobile Apps

Create a mobile app that solves people’s problems or entertains them. Monetize this app by selling it or running ads. Such apps work like a silent money-making machine

13. Print-on-demand services

Design T-shirts, mugs etc. as per people’s wishes and create a print-on-demand platform that will showcase your designs to the world and generate a great income for you.

Also Read: Top 5 Ideas on Daily income business without investment

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Conclusion

In this article, we learned how we can earn money by creating a passive income source along with our job. Today we have told you as many ways as possible to create passive income so that you can improve your financial condition and live your life financially free. Stay connected with us for more such money-making ideas and news.