Passive income ideas for frugal women will boost your financial growth. Passive income means earning money with fewer efforts. So everyone can earn passive income without investing much time or money.
In my 20s now I’m exploring various passive income streams to make money. I’ve realised that many young women think that about doing a 9-5 job and earning a monthly salary. Young girls who are still students just think about getting a job and earning money.
But I suggest you to be aware of other income streams also. There are so many ways to earn income passively. So as a young woman even if are busy with your studies then also you can think of making passive income.
9 Interesting passive income ideas for thrifty women
As a woman, you don’t need to take stress to make money and to be financially independent. Are you thinking about passive income ideas for frugal women? Here I’m going to share 9 interesting passive income ideas.
To make the passive income you just need some awareness about a different type of income sources. So explore these practical and easy to implement ideas.
|1. Make passive income by creating an educational course|
|2. Use Pinterest to sell products|
|3. Sign up on WordPress and start to post articles|
|4. Have your own bank account|
|5. Publish your recipes book and make money online|
|6. Earn money by becoming a social media influencer|
|7. Ask questions and make passive income!|
|8. Use YouTube to earn money|
|9. Opt for the digital transaction to get cashback|
Now I will explain all these passive income streams one by one which brings clarity to you. Then you will be able to explore these passive income streams practically.
Strategy to earn unlimited money passively as a frugal woman
Is it really possible to earn unlimited passive income? Well, the fact is all most all the rich men and businessmen earn more passive income. They know exactly how these passive income streams work.
In reality, there is no limit in earning passive income. You can earn as much as you desire. But for this, you must make smart moves. You should also learn to be smart with your money.
1. Make passive income by creating an educational course
Now the world is moving towards digital learning. So don’t miss this opportunity to show your talent and make a passive income. Have you observed the students who are learning many things from the internet?
Now it’s time to create such educational courses and help those students to learn better. In return, this opens the door of passive income for you.
Procedure to create an educational course and make money
Have you heard about Udemy? Well, Udemy is an online platform where many educational courses are available. So if you have knowledge in any particular subject then you can create a course which will help others to learn something.
You can sell any type of courses there such as video, audio, presentation etc. Creating such courses take one-time effort, then every time when someone buys your course you will earn money. This is how you can build wealth by earning passive income just by selling educational courses.
You can choose any topic about which you want to create the course. For example, English speaking, basic maths, personal finance, drawing and painting and much more. I’m sure you can create such courses easily. So now start to create your educational course and make passive income.
Well, I’m curious to know which topic is there in your mind and on which topic you want to create an educational course. Just drop your ideas in the comment box. I’ll be happy to guide you further to create more passive income through your ideas.
2. Use Pinterest to sell products
Do you use Pinterest? If no, then I advise you to open your account today itself. Even I’ve my Pinterest account where I share tips about frugal living and saving money.
Do you know on Pinterest you can get more than 50k traffic per month? Here traffic means the people. So you must think about turn this free traffic into passive income! This is how you should make money.
How to earn passive income on Pinterest?
You can just sign up for Pinterest and affiliate programmes. An affiliate programme means you can sell products which are prepared by others and you can earn a commission.
There are many affiliate programmes like Amazon affiliate programme, Cluelink affiliate programme, Flipkart affiliate etc. I’m personally using these affiliate programmes to earn passive income. These are all popular companies. You can just sign up for the free start to share the product links. This is how you will be earning passive income online.
Recently I was just looking at how Pinterest works. Then I found that people are selling a lot of products on this online platform and making passive income. People are selling T-shirts, crafts and also other affiliate products.
So just choose one particular product, for example, women’s handbags. Now, this is your niche and you should promote all the affiliate products which are related to your niche. By this, you will be earning passive income.
3. Sign up on WordPress and start to post articles
By just writing articles you can earn passive income. I’ve seen that many women love to write. So if you are passionate about writing then grab this opportunity to make passive income. Start to write and publish your articles on WordPress.
If you can share your experiences and knowledge with the public through your writings then you will be amazed at your passive income earnings. I suggest you to first use the free version of WordPress, then see how things work for you.
Even I’ve used the free version of WordPress and now I’ve launched my own blog Frugal Beat. There are many ways to monetise your articles or blogs. For example- affiliate marketing, Google Adsense and much more. You will get more than 50 options to monetise your articles to make passive income.
4. Have your own bank account
In countries like India, I’ve seen that many women don’t even have their own bank account. So I suggest you to have one. And if you save money in your bank account you will earn interest on your money. I say this is also a passive income.
So have your own bank account and start to deposit money whenever you can. And you can also explore FD (Fixed Deposit) where you can get more interest than saving bank account. So take these simple steps to earn passive income as a woman.
5. Publish your recipes book and make money online
I’ve seen that many women are interested in cooking. If you are also interested in cooking and experiment with various things to create new dishes then this passive income idea is for you. You can share your recipes in the form of e-book and make passive income.
Writing a recipe book is a one-time effort. You can take a few days or even a month to type your ebook. Remember, you should not copy any other recipe book, create original content. You don’t need to pay any fees to publish your book.
This is really a frugal idea to make passive income by selling an ebook. I’ve also published my ebook and made passive income. In one of my blog posts, I’ve shared in detail about ebook publishing strategy along with other passive income streams. You can read that blog post here.
6. Earn money by becoming a social media influencer
Nowadays everyone uses social media like FB, Instagram and much more. So use these platforms not just for entertainment but also to make passive income. Yes, you can be social media influencer and earn money through sponsorships.
For this, you need a social media page and some good number of followers with good engagement. So if you have good followers on social media then look for sponsorship opportunities to make passive income.
7. Ask questions and make passive income!
This sounds interesting, right? Well, this is actually a very easy source of passive income but this needs initial hard work. Here I’m talking about Quora. I’m assuming you know about Quora which is a Q&A online platform. Here you can sign up and first build your followers by answering good questions.
If you really do good then in future Quora may invite you to join their partnership programme. Where you will be making passive income by simply posting good and valuable questions.
8. Use YouTube to earn money
For women, YouTube is also a good option to make passive income. I’ve come across many youtube channels where women are really doing great and earning passive income.
I’m assuming you have also seen many cooking videos, art and craft videos, poetry or any other type of videos where women are expressing their knowledge and talent.
So if you want to share your knowledge and talent then just record videos and post on YouTube. Here you can monetise your videos with Google Adsense and even promote affiliate products. But you must have the patience to earn passive income from YouTube.
9. Opt for a digital transaction to get cashback
If you are a woman who has the fear of online transactions then and use hard cash then now it’s time to let go of your fear. Nowadays many people (including me) use payment apps to make payments. And by doing this you can also earn cashback and different vouchers.
So think is also a kind of passive income because you are getting cashback and offers without putting any efforts. I personally use Google Pay to make payments, so you can also use such payment apps you earn passive income.
Passive income ideas for frugal women to create financial magic
As I’m learning to be more thrifty, I can say that earning money and saving money both are the part of frugal living. You must learn to be frugal without depriving yourself. So today I will share passive income ideas for women to create financial magic in your life.
Here when I say financial magic, what I mean is financial freedom. By being frugal and making more money you can achieve financial freedom in life. This sounds exciting, right? Well, frugal living is all about being resourceful, without wasting money and other resources.
So here I have brought excellent passive income ideas for you. You can implement these ideas practically with zero investment of money, in some cases very less initial investment.
As a woman, you may think that earning passive income is not your cup of tea. Even when I came across the word ‘passive-income’ for the first time I too had this doubt. But as I started to take simple steps to explore various passive income streams, now I can say- Even women can earn passive income and women also have the potential to handle their money well.
Importance of passive income ideas in women’s life
As per my observation women usually don’t take an active part in important financial decisions. Women think that they are not capable or they don’t get support from family. In this case, you can be financially independent by earning passive income.
And to earn the passive income you don’t need to invest any huge amount. With a zero investment and initial efforts, you can be a financially independent woman.
And if you are a woman who is looking for work from home jobs to make some money. Then I say- try these passive income streams which are similar to work from home. You don’t need to go out of your house to earn passive income.
So there are so many passive income opportunities for women. Just analyse your strengths and explore the passive income streams which are suitable to you.
Women can reach financial freedom by saving money and earning more. So these passive income ideas for frugal women will help you to reach financial freedom. Start to implement these ideas, I say- Start today and achieve your all financial goals.