How to make money from home: 15 passive income sources

Can you make money from home using ‘passive income’? (Picture: Getty) It’s the ultimate dream: a pile of extra cash making its way into your back pocket every month.

Ideally, the money would fall from the sky, and simply present itself to you, without you having to do anything for it.

Of course, that’s not how the world works (for most of us, anyway).

There is a way to regularly boost your bank balance, however, by earning so-called ‘passive’ income.

You might have heard the term bandied around – but what does it mean? And how can you get involved?

Here’s everything you need to know. Looking for ways to make money at home? Keep on reading… (Picture: Getty) What is passive income?

Essentially, passive income is a source of revenue that continues after you’ve completed the initial work.

Most of these income streams require at least an initial investment: ideas, existing skills, time, maybe even a little bit of money.

The aim is that, eventually, your project sells itself with minimal upkeep.

Options include creating online courses, ebooks, physical products, your own website – or even a YouTube channel.

So is this income truly ‘passive?’

Not quite, says passive income expert and business strategist Lisa Johnson .

‘True passive income only comes from making money from money. So, investing your money into things and that makes you even more.’ Is there such as a thing as ‘passive’ income – or do you still need to work? (Picture: Getty) Over the past 4 years, Lisa’s gone from being in debt to earning a seven-figure salary, 90% of which she says comes from ‘passive’ or ‘semi passive’ income streams.

These include creating online courses, consulting work and guiding people to diversify their income streams.

She adds: ‘In reality, even renting out a spare room counts because ‘passive income’ simply means ‘not trading time for money’.

‘You build the asset first – paint the room, put furniture in the room, put an ad out. Then make money from the asset.’ Is it really possible to earn a passive income?

Can you do nothing and watch the money come in (Picture: Getty) As 2022 rolls around, it feels promising to start the New Year with a goal of setting up passive income.

But can it be done, and if it can, is it really the case that you’ll sit back, relax and watch the cash roll in?

Lisa tells Metro.co.uk that it can be done – but stresses that there’s no overnight ticket to effortless success.She admits: ‘It takes time and a lot of it in the beginning – and patience.‘People make out that you can earn 6 figures in 6 weeks online with no [existing] audience. It simply isn’t true and it’s a marketing tactic.‘I always teach people that passive income isn’t a get rich quick scheme – it takes time and effort.’She continues: ‘The myth is that passive income means you do nothing, when in reality it is hard work at first.‘If we’re talking [about] digital, that means up to a year [of hard work] because you’ll need to grow an audience, write the course content, or learn how to launch your product online – but once you’ve done all of that, it becomes very passive.’ 15 of the best ways to bring in a passive income Create downloadable templates Reckon you could design these? Perhaps you should get into the downloadables game (Picture: Getty) If you’re feeling creative or enjoy graphic design, you could sell templates on a platforms like Etsy or even Amazon.To get started, you’ll need a laptop and relevant software to create the designs. Many people use free tools such as Canva .Try your hand at designing business card templates, CV templates, book templates, diary or planner templates, card template or social media banners (the list goes on).Once they’re designed up, you can sell the digital files online – these can sell from anything from 50p to £50. It all depends on how complex they are. Airbnb your spare room When travel resumes, could you Airbnb your spare room? (Picture: Thiago Prudencio/SOPA Images/LightRocket via Getty Images) This is an option for people who have a spare room in their current home.Rather than renting it out full-time to a lodger, you could stick the room up on Airbnb as an accommodation for travellers.If you live in a popular city or desirable countryside location, this could be lucrative – especially if your prices are reasonable, particularly for longer stays.You’d be able to approve guests, as well as choose the dates people can book.As a […]

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