Passive income ideas for Indian young adults will help to build wealth as a youngster. As an Indian young adult if you are thinking about passive income streams then you are on the right track. Well, everyone should think about passive income streams to create wealth.
In India, most of the youngsters think about getting a job and earn a monthly salary after graduation. But as an Indian girl, I feel that one should not just depend on a single source of income. In my life, I’m exploring various passive income streams to build wealth.
In simple words, passive income means fewer efforts or one time efforts and multiple times earning. Just by investing a few hours, you can get benefits from passive income streams. Now I’m in my early 20s and I would like to share my personal experiences as well as knowledge about passive income with you.
17 Practical passive income ideas for Indian young adults – EARN MORE
There are many ways to earn money. But I personally like passive income streams. Here I will be sharing 17 practical ideas to make passive income. Implement these passive income ideas and start to earn money.
You can choose ideas that are suitable for your interests and strengths. Start to take simple steps to make passive income as a beginner.
1. Manage social media accounts and make passive income
I’m assuming that as a youngster you use social media. So instead of wasting time on social media make some passive income by spending time on social media. This sounds interesting, right? Well, there are many ways to make passive income online.
There are many businessmen who are very busy with their schedules. So they hire some people to handle their social media accounts like the Facebook page, Instagram, Pinterest etc. So you can handle such social media accounts and make passive income. Here you just need to spend few hours on social media to look after their accounts.
2. Start blogs in regional language to make money
I’ve launched my blog Frugal Beat in the English language. But if you know the Hindi language or any other regional language then you can make immense passive income by writing blogs in the regional language.
According to some genuine stat it has been found that in India people are searching on Google in regional languages. And this stat is increasing day-by-day. So you can make money online as a blogger. Know how I’m making money as a blogger.
3. Ridesharing will help you to make money
Do you have a bike or a car? Well, instead of going alone you can ask your friend or colleague to join you. This way, you can earn passive income by ridesharing. And there are many mobile apps where you can find people who are ready for ridesharing. So connect with such people and start to make passive income.
This is an easy and simple passive income idea. Here initially you just need to find such people who are ready to come with you. You don’t need to do any hard work here to make money. Just by ridesharing, you can make extra passive income.
4. Sell handmade items on Etsy
Do you love art and craft? If yes, then grab this opportunity to make passive income as a young adult. Now you can sell your handmade products on Etsy and earn money. Initially, you should make efforts to grow your business.
But in the long run, you can earn more passive income by this. There are so many people who like handmade items and personalized gifts so, if you have an interest in this then don’t ignore this opportunity.
You just need to open your online shop on Etsy and list your handmade product. You need to pay a minimum fee to list your product, that is, $0.20. So you can sell handmade products easily to make passive income.
5. Create vector images and start to earn
Many bloggers, YouTubers and even some magazine publishers use vector in their content. So they look for such images online. So you can also create such vector images and upload on stock photo websites. Along with photography, you can try vector images also.
This is how you can make passive income from this idea. Creating vector art is a one-time effort but whenever people buy it you will earn passive income.
6. You can rent out anything and earn pennies
There are some websites online where you can find people who are looking for things on rent. So look this as an opportunity and start to rent out things which you use very less. By this, you can earn passive income as a young adult.
So first look for such people online as well as offline who can be your clients. Well, recently I’ve come across the website called Fat Llama where you can rent out anything. So figure out such websites where you can make a lot of passive income by renting out your things.
7. Choose any brand ambassadorship to earn money
This is also the best way to earn passive income. There are many brands that look for people to promote their products. So you can choose such brand ambassadorship to make passive income. Here you don’t need to invest any money, just by spending a few hours in promoting their brand you can make more money.
Well, to become a brand ambassador it’s not necessary that you should be a celebrity. You can choose new brands that are looking for brand ambassadors. Then start promoting their products on your social media pages and groups. You can create your group on social media where you can give information about that particular brand. Then you can refer people to buy such products.
8. Publish your own book for FREE and EARN ROYALTIES
If you like writing then you can be a published author to make passive income in India. So if you think you can also publish a good book then publish it and earn royalties.
If you are a newbie in this then you can check BooksFundr website. This is India’s first crowdfunding platform for books. Here you can publish your book for free this the help of this platform and earn 100% profits.
9. Make YouTube videos regarding MS Excel
Do you have any idea how important is MS Excel for company workers? Well, when I faced job interviews I was asked questions regarding computer knowledge and MS Excel. So there are many people who just know the basics of Ms excel but there is so much to learn in MS Excel. If you are good at this, then you can start your own classes on YouTube and make passive income.
You can start teaching the basics of MS Excel then teach about advanced skills. But make sure that you monetize your YouTube videos soon so that you can start to fill your pocket with passive income.
10. Start your own e-commerce business
Nowadays many people opt for online shopping. So you can also sell products online to reach a huge audience. Online you can reach out to more audiences and make passive income. Now creating an e-commerce business is very easy. Even you don’t need to manufacture and deliver products. You can choose any drop shipping company to deliver the products.
You can just create a dropshipping store with Shopify. This platform is very easy to use. Even you will get a free trial at the beginning. So grab this opportunity to create your own e-commerce business and make passive income.
11. A vending machine is the best idea to make passive income
A vending machine is an automated machine where one can get things like snacks, drinks etc when the coin or money is inserted. Here you don’t need to do any manual work. You can just set your vending machine and people will buy products by inserting money into the machine.
But you must invest money initially to buy a vending machine. This is a one-time investment but you can earn a lot of passive income through this idea.
12. Make passive income by joining re-seller programs
If you observe then you will get so many resellers programs online. Where you can sell products that are already manufactured by others. So if you can influence people to buy products and if you have more followers on social media then grab this opportunity and make passive income.
You can also join the Amazon influencer program and make passive income. You just need to sign up and share your Twitter and Facebook page links. If you have a good number of followers and engaging posts then easily you can make passive income from this program.
13. Buy domain names and sell to earn money
Nowadays this is the new type of passive income stream. You can buy the best domain names and later on you can sell them for a higher price. But here you must be smart to buy the best domain names which are easy to remember so that people should buy them from you for a higher price in future. Buying and selling domain names is like a business, here you can even bear losses. So do your own research to make passive income from this idea.
Even you can create websites and sell them. You can really earn well if you create good websites and sell them later on. Many people look for such websites which are running successfully. So you can think about this if you want to make more money through this.
14. Teach Tally on YouTube
Tally is accounting software. Many companies use this software to record their transactions and to file GST. As I’m a commerce student I have knowledge about Tally and accountancy. But many people want to learn tally as a course. And even commerce students struggle to learn Tally because it includes so many factors.
So if you have knowledge about accountancy and Tally then you can create your own YouTube channel and teach Tally. Then make passive income from YouTube. You can also create a Tally course on Udemy and make a lot of passive income. There are so many people who want to learn Tally so mentor such students and earn passive income.
15. Start your own business with crowdfunding
Do you have a great idea of business? If yes, then you can earn a lot of passive income from your business. Even if you don’t have money to start your business then also you can opt for crowdfunding and start your business. There are many crowdfunding websites where you can register yourself and share your business idea.
If your business idea is really great then people will sponsor and you can start your business to make passive income. In business initially, you should invest your time. But once your business start to grow then you will be surprised by your passive income. You can earn a lot of passive income from a business.
16. Discuss new vocabulary and earn money
In India and some other countries, Eglish is not the first language. So people find it difficult to learn English. So if you are good at English then you can make passive income by sharing your knowledge. Many students and also adults want to improve their English. They want to learn new words and want to practice speaking English.
You can post some English vocabulary on the Instagram page and even post some short videos where you can teach about the usage of English words. Then try to get more followers on Instagram. Then you can apply for sponsorships and earn passive income. Along with Instagram, I suggest having your YouTube channel too. This is how you can make passive income from multiple sources.
17. Create an SEO course and earn an immense amount of money
SEO means Search Engine Optimisation. Many marketers and bloggers want to learn SEO to grow their business online. So if you have knowledge about SEO then you can guide other people and make passive income.
But I advise providing the best SEO course so that people should learn well from you. Your course should be worth the money which people pay for you. Then only you get more clients and you will be earning a lot of passive income by selling SEO courses.
Make Money Passively as an Indian Youngster for a BRIGHT FUTURE
We all want to become successful in life, right? And become wealthy is also a part of success. Well, I have a goal in my life. My goal is to accomplish financial freedom. So I’m figuring out many passive income ideas that will help me to have financial freedom.
After completion of my graduation, I thought to become financially independent and I was thinking about different options to earn money. This is how I came across different passive income streams in my early 20s.
You know, my first income was not from my job but it was from passive income stream. Yes, this sounds interesting, right. So as a young Indian adult, you can also explore many passive income streams and make money. Initially, you should put some efforts but in the long run, you will actually generate passive income.
So these effective passive income ideas for Indian young adults will boost your financial growth. Start to add these passive income streams to your portfolio to make more money. The early you start the more you grow financially.