Passive income ideas for Indian millennials to grow financially. As an Indian have you ever thought of making passive income? Well, I feel all the millennials, I mean who has born after 1980 are lucky. Nowadays millennials have a lot of passive income-earning opportunities in India.
I’m also an Indian girl and I’m in my early 20s. So as an Indian millennial, I’ve explored many passive income streams. After my graduation, I was preparing for government exams and I thought to do something else along with my studies.
Then I heard about passive income streams and started to explore them. Well, everyone remembers their first earning. This is a very special moment in one’s life. And my first earning was from the passive income stream. I earned money by starting my small ebook business which I can call as passive income.
Passive income ideas for Indian millennials to earn more
First, let me let you the exact meaning of passive income. In simple words passive income means less efforts or almost zero efforts but multiple times earning. The word “passive-income” itself says that it is not like a 9-5 job. Here just by spending a few hours or just a small initial investment you can start to earn money passively.
I personally feel that Indians should have multiple sources of income. Most of the Indians are belong to middle-class families. Even I belong to a middle-class family and I’ve realised the importance of money in my school days. I’m learning to be frugal in my life. I feel that saving money and earning money both are equally important.
|1. Know how to make passive income from affiliate marketing|
|2. Share your knowledge and make money|
|3. Join Q and A forum and earn money|
|4. Become a blogger to earn money as a millennial|
|5. Use Instamojo to sell your ebooks with zero investment|
|6. Never forget to deposit money in the bank|
|7. As a millennial use payment apps where you get cashback|
|8. Be social media influencer|
|9. Join YouTube to earn passive income|
|10. Make logos and designs on t-shirts|
|11. Teach basic English and start making money|
|12. Share tips about gardening and plantations|
|13. By translating the language you can earn well|
|14. Give tips to crack competitive exams|
|15. Sell affiliate products related to sports to earn|
|16. Share gift ideas and earn passive income|
|17. Turn your hobbies into a profession to make money|
Passive income ideas are very simple and practical to implement. No matter whether you are doing a job or you are are a student, you can earn passive income. Even if you are a housewife then also you can easily earn passive income without any office work. So I advise you to explore more passive income streams and grow financially as an Indian millennial.
Kickass strategy to earn more money as an Indian millennial
If you are a beginner in earning passive income, then you may think that earning passive income will be very difficult. But you don’t need to worry at all. You can take simple steps and implement simple passive income ideas. There are so many passive income ideas which requires zero investment of money.
To become financially successful in life practical strategy is really important. Just by finding passive income streams you one can’t be rich in a day or two. So you must figure out which type of passive income streams are suitable for you.
17 Interesting passive income ideas for Indian millennials
When I heard about passive income I got curiosity to know more about it. I started to watch so many YouTube videos and then researched many passive income streams. Then I analysed my which type of passive income ideas are easy to implement. So now I’m going to share my experience as well as the best passive income ideas.
Now here you will get full details about all these passive income ideas. I will explain all my experiences about earning passive income in my 20s. In-between if get any questions in your mind regarding any specific passive income stream then ask a question in the comment box below. I will help you.
1. Know how to make passive income from affiliate marketing
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 how to turn this free traffic into passive income! This is how you should make money.
How to earn passive income on Pinterest?
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.
You can just sign up for Pinterest and affiliate programmes. Affiliate programme means you can sell products which are prepared by others and you can earn 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 free start to share the product links. This is how you will be earning passive income online.
2. Share your knowledge and make money
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.
3. Join Q and A forum and earn money
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.
4. Become a blogger to earn money as a millennial
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. If you are really interested in blogging and want to learn about blogging then drop your all queries in the comment box. As a blogger, I would like to guide you further.
5. Use Instamojo to sell your ebooks with zero investment
Have you ever thought about selling digital products online? Well, the one thing which I really like about selling a digital product is- I don’t need to worry about packing product and delivery.
As it is a digital product so your clients will simply pay you money online and download the product. This is the best way to earn passive income without spending any money.
There are many types of digital products like ebook, presentation, video course, software etc. But my favourite one is an ebook. Even I have created my ebook and published. By this, I earned passive income. After graduation, this was my first earning.
Actually I was preparing for competitive exams. I thought to do something else also to along with my studies. So I started to create ebooks and listed them on Instamojo. This is a free platform. This is how I published my digital product and earned passive income.
6. Never forget to deposit money in the bank
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 millennial.
7. As a millennial use payment apps where you get cashback
If you are a millennial 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.
8. Be 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.
Millions of people are active on social media like Facebook, Instagram and much more. Even I’ve seen that young students are more active on social media. In fact, I feel that students are wasting their time on social media. So instead of wasting time now, you can think of making passive income on social media.
9. Join YouTube to earn passive income
For millennials, 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 many people 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.
10. Make logos and designs on t-shirts
Well, you can also easily get such websites where you can sign up and create designs on t-shirts. You don’t need to worry about printing the design and delivery of the product, those websites will take care of all these things.
At the age of 23, I was looking for new passive income ideas and I figured out some profitable ideas. I’ve come across some websites online which provide the opportunity to earn pennies by creating designs on t-shirts.
11. Teach basic English and start making money
One of my relatives teaches English to kids and from her tuition classes, she earns money. I’ve seen some married women who make money by working at home. So there are tremendous opportunities to make money.
If you are good at English grammar then start to teach grammar classes online. You can create your own YouTube channel or else you can create English courses on Udemy. Also, I suggest creating a social media page and start to post daily some new English vocals with examples. By doing this your followers will grow and you will earn more money.
12. Share tips about gardening and plantations
Many people like gardening and plantations. I’ve seen that on Sundays some people particularly spend their weekend time in a plantation. So if you are one among those who like plantation and gardening then share your knowledge and experiences with other people and make passive income. You can create your own blog for this or else start with a YouTube channel.
If you are a working person then you can make YouTube videos on weekends and upload. And if you are a married woman and looking for any opportunity to make money from home then don’t lose out on this opportunity.
13. By translating the language you can earn well
Well, even though this idea is not a fully passive income idea. But Just by working for a few hours you can make money. There are many people who want to translate their content into different languages that may be an audio or an article. So you can find such tasks on freelance job websites. So know the different types of opportunities to make money in your 20s.
14. Give tips to crack competitive exams
After completion of my graduation, I was also preparing for competitive exams. And realized that there are lakhs of youngsters who are preparing for various competitive exams. And also they are wasting their money on unwanted books and coaching classes instead of saving money in the 20s. So if you have already cracked any competitive exam then guide others. In this way, you can also earn pennies.
Share your journey and experiences along with techniques to crack competitive exams. You can create your own YouTube channel for this.
15. Sell affiliate products related to sports to earn
I’ve seen that some youngsters are passionate about particular sports. Well, I’m not that good at sports! But in my school days sometimes I used to play cricket and volleyball. And still today sometimes I play badminton. So if you are also a sports lover then create a blog and start to encourage teenagers and youngsters to play outdoor games.
According to the research that is done by Rohnda Clements nowadays children spend less time on outdoor games. So as a sports lover you can motivate youngsters to play outdoor games. And also share the benefits of playing a particular sport through your articles. You can really earn well by sports affiliate products like cricket kit, sports shoes and much more through your blog.
16. Share gift ideas and earn passive income
I really get confused while picking up gifts to present my friends and families. While choosing any gift I check gift ideas on the internet. So there are so many people like me who look for gift ideas on the internet.
Well, if you are good at choosing the right gifts then I must say that you have one good skill. So just start to make passive income by sharing new gift ideas. Create your own blog and make categories like kids’ gifts, and which type of gift ideas will be amazing for people in the 20s.
17. Turn your hobbies into a profession to make money
This is so amazing feeling that one’s hobby and profession both are the same. I feel that in this 21st-century one can easily turn any hobbies into profession. So if you have any hobbies like drawing, craft, playing the guitar, painting and any other hobby then you can use the internet to make money from your hobbies.
For example, if you are good at painting and drawing then create your social media page and start taking orders. As your business start to grow on social media then you will also get sponsorships that will increase your revenue.
Millennials have more advantages because this is the era of technology. These passive income ideas for Indian millennials are boon for the youth. So just grab these opportunities to earn more money.