10 Passive Side Hustles to Boost Your Income in 2024

Passive side hustles are a great way to earn money without having to sacrifice all of your free time to work. Hustle culture has been around for a while, and if you do it right, side hustles can bring great rewards your way!

People preaching the hustle culture usually tell you that you must be working all the time to earn money. But actually, you can earn money passively and have heaps of free time all to yourself!

If you want to set up an income stream that will help you maximize your earnings without stealing all of your free time – read on! We've gathered a complete list of passive side hustle ideas to boost your income in 2024.

Passive income is a stream of income that needs time and energy to set up but doesn't require a lot of ongoing attention. Passive side hustles are a great way to earn extra to your active income without having to put in tons of constant work.

You’ll need to put in an initial investment, like money, energy, or time, to start receiving passive income, but that's pretty much it.

For example, you download Honeygain and start earning free money immediately! It'll take a few minutes to download the app and set up your account, but that's it!

Now you can sit and relax while your internet makes you passive income. Later, you'll be ready to cash out your earnings and invest them in other passive income streams to make even more.

Also, there are many ways you can create a passive income stream to enjoy financial freedom! Read on to learn how you can earn extra cash without having to sacrifice a lot of your personal time to work.

Start a passive side hustle by mapping your interests and skills. It’ll help you decide in which direction you'd like to go.

Maybe you're creative and want to earn money for your artistic passions. Or maybe you're a total bookworm, and a perfect side hustle for you is tied to literature.

List all of your passions, soft and hard skills, and think about your hobbies. All of these things are great indicators of what could bring you money.

Also, think about your material possessions. You can make extra money by renting a spare room, your car, evening dresses, or power tools!

These days, almost anything can become a great passive income source! So, look through the complete list of the best passive income ideas and pick the one that best fits your passions and lifestyle.

There are many ways to generate passive income without investing money. It’ll still require an upfront investment of time and energy, but you can set up a hustle for free.

For example, you can write eBooks and sell them online. You can write chapters on your phone or a laptop and upload them to Amazon Kindle Direct Publishing service. Create a design for a book cover, upload your eBook, and start earning!

You can earn passive income selling eBooks that you've created for free. Amazon will take a cut of your earnings from each sale, but you'll be able to set up a passive income stream at no initial cost!

Look for ways you can generate a passive income stream with an initial investment you can afford. Make sure you research all your options before you get started!

Find the best passive income side hustle for your financial goals and your lifestyle! It’ll require some energy to set up, but any passive income gig is worth it in the long run.

Also, you can invest your earnings into other passive income ideas and earn even more! Multiple income streams will give you the financial freedom you've always dreamed of.

We've gathered the best passive side hustle ideas to help you get started. Read on to find the best ways to make money and start earning effortlessly!

A real estate investment trust (or REIT for short) is a company that owns, operates, or financially supports commercial real estate like offices and malls.

Real estate investments are a great way to earn passive income because it won't take a lot of time before you start receiving rewards.

Also, you can be one of the investors and get dividends from real estate without buying physical property. You'll need to have some cash for the initial investment, but it'll be way less than a deposit when buying a house.

Invest in real estate investment trusts and start enjoying your rewards! Increase your cash flow and start making money effortlessly.

One of the most popular passive income streams is investing! You can invest in the stock market to receive dividends.

You can start small and download Acorns to begin your investing journey today. Link your bank card to Acorns, and it’ll automatically round up the spare change from your purchases and invest it for you!

Also, you can open a high-yield savings account that will bring you even more rewards than a normal savings account. You can invest your savings and earn passive income from the money you already have!

Investing in dividend stocks is a great way to earn extra cash, and you can invest as much or as little as you like. It's one of the best passive income streams for people who want to make their money do the work for them!

Affiliate marketing is a great way to generate passive income! It’s a marketing strategy where you promote different products and services through affiliate links.

You can include such links in your websites, blogs, social media posts, and videos. You'll get paid for every click on your affiliate link.

First, take time to build your audience. The more people will see your links, the more chances someone will buy something.

If you need more help understanding how affiliate marketing works, you can check out free online courses on sites like Courselaunch to help you get started!

Use affiliate marketing to create passive income for yourself and make money online recommending products you love.

You can create and sell your own merchandise online to set up a passive income source. You'll only need your designs, and platforms like Spreadshop will take care of the rest.

Spreadshop will print on demand and send your merch to the buyers. That means you don't need an empty large room or a garage to store all of your beautiful products!

You can make collages and digital drawings or write funny quotes on your merchandise. Create a few mockups and share your designs on social media, or create your own online store and get noticed.

Online printables generate income from the first sale. You'll be able to decide the price, and Spreadshop will only take a cut once you make money.

Selling your merch online can be one of your passive income streams and help you reach your financial goals faster!

Drop shipping is an e-commerce model that allows you to sell products online without the need to handle them physically. Shopify is one of the biggest dropshipping handlers and can help you get started today!

You can open your own online store and list items that you want to sell online. When someone purchases an item, your supplier will package and ship the order for you.

You can create a simple online store on Wix and choose the items you want to sell. Look through the top-selling items on Amazon or Etsy and build your shop around that.

Take time to learn more about search engine optimization (SEO) marketing strategies and implement them on your website. A great SEO strategy will help you get noticed on Google and rank your website higher on search results.

Start a dropshipping business and start earning passive income from your online store!

This passive income stream will only require minimum investment! You can upload your pictures online and let them generate passive income for you.

Many organizations use stock photos in their articles, websites, and social media channels. You can be one of the creators who get paid for those pictures!

Start by taking generic pictures like people working on laptops or a couple walking on the beach. The more universal your images are, the more companies can use them for their content!

Take a lot of different pictures and upload them to a platform like Shutterstock. It might take a while before you make a living, but be consistent, and you'll see the results!

Start a blog writing about anything you'd like and earn passive income! You won't get paid for publishing content, but there are other ways you can earn cash from your blog.

To begin with, create a website and try getting as many readers as you can. Share your blog on your social media channels, Facebook groups, or forum sites like Reddit.

Then, when you've built a loyal reader base, you can start earning. Join an affiliate program and recommend products and services in your articles through affiliate links. Also, you can place ads on your website and get paid that way!

Choose a topic you want to cover in your blog and start writing. Include affiliate links, paid ads, and even subscriptions to start making passive income online!

Having a YouTube channel is one of the most popular passive side hustles. It's a fun and creative way to make extra money while you sleep!

Create a channel dedicated to your hobbies, skills, or entertainment, and start earning. At first, you need to get at least 1000 subscribers, and then you can join the YouTube Partner Program and monetize your videos.

You'll be able to add advertisements to your videos and get paid for every time someone clicks on the link. You can also participate in the affiliate marketing programs and get extra cash for reviewing products and services!

YouTube creators take time to film and edit the videos, but once you upload, videos generate passive income for a long time! Create a YouTube channel and start uploading videos to make money online passively.

Renting is a great, effortless way to get extra money in your bank account! You can rent a spare room, your car, tools, or even clothes.

Many rental apps make it easy to upload your rentals online and find people who are willing to pay you for using your things!

For example, list rental properties like a spare room or flat on Airbnb for long-term rent and enjoy the money flow! You'll need to schedule a key exchange and clean the property after the stay, but that's it.

Short-term rental properties will help you get money a few times per month, but long-term renting might be less energy-consuming!

Check out the best rental apps like Turo, Stashbee, JustPark, or Sparetoolz, and start generating passive income today!

If you love reading, you can record audiobooks and get paid whenever someone buys it! You just need a good microphone and a soundproof room to make passive income this way.

You can get started by recording audiobooks on your phone. These days, our mobile device microphones have great sound quality! And if you need some better equipment, you can buy secondhand recorders for cheap.

Also, practice reading out loud before recording. Audiobook narrators must sound genuine and bring a book to life with their voices.

Join Fiverr, Freelancer, and Guru to start working on your audio portfolio and get more experience. Once you're ready, you can audition for a publishing company like Audible!

Make books come to life with your voice and earn passive income for each recording sold. It's one of the passive income sources that, over time, can become a full-time job.

There are many ways you can earn passive income! Choose the option that best fits your lifestyle and your financial needs.

Invest in real estate investment trusts or dividend stocks to make your money work for you! Also, you can list your properties for rent and receive rental income monthly.

If you're looking for something more creative, start recording audiobooks, creating YouTube videos, writing a blog, or selling stock photos online! Be sure to include affiliate links in your content and make even more.

In addition, you can become an online business owner and have a dropshipping business to make extra cash. You can sell anything you like on your store or create your own merch and print on demand for passive income.

And if you need a push for that initial investment – download Honeygain and start earning passive income right away! Share your internet connection and start generating free money online.