10 Passive Income Ideas For Teens

Seeking to earn money without clocking in hours at a part-time job? You’re in the appropriate place! I’ve compiled a listing of passive income ideas specifically tailored for teens.

1. Video Licensing

When you like shooting cool or funny videos, this may very well be a simple way so that you can make some extra money over time.

About six years ago, I uploaded a few of my videos to Newsflare, which is a spot that helps you sell your videos to big web sites and TV stations.

My videos got picked up by places like MSN, Yahoo, AOL, and even some TV channels worldwide. Now, each time someone uses my video in a much bigger video project, I receives a commission a little bit. It adds up! I still make a few hundred bucks a month, and I haven’t touched those videos in years.

2. Affiliate Marketing

Let’s discuss certainly one of my favorite ways to earn money while I sleep: internet online affiliate marketing. When you’ve got an excellent variety of followers on social media, a blog, a YouTube channel, or perhaps a podcast, that is for you.

Firms gives you a special link to their products. You share this link together with your audience, and each time someone clicks on it and buys the product, you get a cut of the sale.

The more people buy through your link, the extra money you make. When you’ve shared the link, your job is just about done. You’ll keep earning money so long as people keep buying through your link.

3. YouTube

I do know what you’re pondering: YouTube channels involve infinite video making and editing, so how can it’s passive income? Well, a number of years ago, I took a distinct approach. I hired a freelancer from Upwork to create a video tutorial on “The best way to Make a WordPress Website.” Within the video’s description, I inserted an affiliate link to Hostgator hosting.

I earned almost $3,000 from a video that has only 5,000 views. Each time someone uses the link to register for Hostgator services, I receive a $50 commission.

The hot button is to discover an underserved area of interest and create a video tutorial, promoting a related services or products along the way in which. Once the video is up and running, the income can grow to be quite passive, requiring little to no additional effort.

4. Stock Photography

When you like taking photos, this may very well be an easy solution to earn money whilst you sleep. All you could have to do is take the photos and upload them once. After that, you may keep creating wealth each time someone buys them. You’ll be able to even do that with an excellent smartphone camera.

5. Sell Custom Merchandise

When you’re creative and need to make some extra money, consider selling custom merchandise like t-shirts, mugs, and phone cases. It’s simpler than you may think, especially with the assistance of print-on-demand web sites like Redbubble, Teespring, and Printful.

After you create and upload your designs, all you could have to do is let people learn about your products. When a sale happens, these web sites deal with all the things from printing to shipping. You earn a share of every sale without worrying about logistics.

6. Sell Printables on Etsy

Create digital items like planners, wall art, or templates that customers should buy and print at home. Once your design is up, customers should buy and download it immediately, providing you with a hands-off source of income.

7. Sell eBooks

Once your content is written and formatted, you may easily distribute it on platforms like Amazon or on to your audience through your personal website or email list.

The fantastic thing about ebooks is that they require no inventory space and delivery is instantaneous. The work is front-loaded; after your ebook is created and listed, it could actually provide a gradual stream of passive income.

8. Housesitting

Many owners are willing to pay for somebody reliable to deal with their home while they’re away. Your duties could include easy tasks like watering plants, feeding pets, and keeping the home secure.

You’ll have loads of downtime to concentrate on your studies. This can be a win-win situation where you receives a commission to essentially live in another person’s home and maintain your regular schedule.

9. Create an App

You don’t should be an authority programmer; there are numerous platforms and tools that may enable you construct an app with little to no coding experience.

Once your app is developed and available on app stores, you may earn money through in-app purchases, ads, and even by selling the app itself. The initial effort could also be high, but once the app is up and running, it could provide a gradual stream of income with minimal upkeep.

10. Renting Out Equipment

When you own equipment like cameras, drones, and even lawn mowers, consider renting them out after they’re not in use. This could be a source of passive income with minimal effort in your part.

Platforms equivalent to Fat Llama, Loanables, and even local people boards can enable you connect with potential renters. It’s a win-win situation: you earn extra cash and another person gets to make use of the equipment they need.

Making Passive Income As A Teen

As you may see, there are dozens of how to earn passive income, but in my experience, you won’t earn as much as you’ll by starting a side hustle as a teen.

When you’re interested and have time for a more proactive approach, then you must take a look at these online jobs for teens and jobs for 15-year-olds.