Achieve Financial Freedom – 3 Sources of Passive Income for Beginners

by Leul Mamo
A Break Diver in Ethiopia

1. Print On Demand

What is Print on Demand? It means a produce is not created until someone orders it. In other words: no inventory.

What you do here is choose a niche, and then open a store front! You can do so for free on websites like Teespring, Teechip,  Zazzle, and Merch by Amazon.

Then you can create designs on software like Canva or hire designers on fiverr. You upload your designs for the different products on the websites. Then you just wait until customers make purchases.

You will share profits with the websites.

Keep in mind that you will still have to do marketing, but you don’t have to worry about keeping track of stock. Since it is print on demand, there won’t be any stock. You are still the owner of the designs.

2. Affiliate Marketing

Affiliate marketing is when you promote someone else’s products on your website or blog, and then share in the profits when sales are made.

For this option, just choose a niche and start a blog or niche website, and work to create active readers/followers. This might require time but if you chose the right niche, and successfully secure affiliate links, after an average of 32 weeks (from the research I’ve consulted), you will start making money through affiliate links and adsense.

Note that apparently you will need on average at least 30 blog posts to get noticed by Google’s Algorithm. To help you get started, use the internet to research profitable niches and ones you are passionate about like physical fitness and making money online, and then come up with a unique spin on it.

3. Digital Products
A. Selling Photos. If you love photography, you can sell photos on shutterstock.

B. Online Courses. If you have a skill you can teach others by making videos on Skillshare and Youtube. You can try Udemy too… but,  I don’t recommend Udemy, for they may under value your work.

Ebooks (Amazon Publishing). Like the online courses if you have an idea of a book,  ficiton or non f iction something you can share of value that people are willing to buy. Then you can publish through Kindle publishing on Amazon.

Note: there certainly are many other ways of setting up passive income. The ones above are the ones I am working on at the moment and have researched. Plus, I also believe the ones above are relatively easy to get started with.

Finally, in case you reside outside of the US or live in a region where Paypal does not work,  you can get paid through Payoneer or through check. So, you have no excuses!

So wherever you are, it’s time to get started and achieve financial freedom!

Edited by Monroe Mann, but author’s tone and language choices left as much as possible for authenticity.

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Photo by Khachik Simonian on Unsplash

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