7 Passive Income Ideas for Parents

 Parents, in fact, should consider passive income generation in this case, because this is an opportunity of making extra money without always swapping time for it. Here are seven passive income ideas suitable for parents:

Investing in Dividend Stocks:

Invest in dividend-paying stocks. You’ll also earn periodic dividends as the stock appreciates thereby giving you a continuous passive income.

Real Estate Crowdfunding:

Explore various options of real estate crowdfunding platforms. From a small investment one can purchase property that gives rent or sells shares like a house, commercial premises and a store whose profit is sale of property rentals.

Create an online course:

Develop and sell an online course that uses your experience on something where you are expert. You can upload your courses on platforms like Udemy, Teachable, and Skillshare where you make money every time someone signs up.

Write an ebook:

Create an eBook and publish yourself on outlets such as Amazon’s Kindle Direct. You will get the payment after writing and publishing your book.

Start a blog or YouTube channel:

Start a blogging site/ YouTube channel based on your niche of interest. Advertising, sponsorship, or affiliate monetization would only materialize if more people joined the channel or subscribed.

Create and sell digital products.

Produce printables, templates, and pieces of art in digital format for a select group. It is advisable to sell such products in sites such as Etsy or Gumroad.

Automated Dropshipping:

Sell via a retail store operating on dropshipping business model. Drop shipping doesn’t mean holding stock and shipping, respectively. You earn a profit upon a customer making an order; the product goes directly from the supplier straight to the customer.