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Similar to Twitter you can build a following on Instagram. Or you can use a company called Adf.ly to make money which will play an ad before people can visit your link. I would suggest picking a hobby or niche and sticking to that to find other people who are interested in the same thing to follow you. All you need to do is build a large following and you start sending sponsored tweets to your following. Once you have made these products you can continue to make money from people buying that product.
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Create web apps that solve a specific problem for businesses. Create a game or a program that is fun or useful.
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#Best sources of passive income how to#
If you know how to program you can create iPhone and android apps or web apps. See our interview with Eddie from Techismason here. You can make money selling that brand or product through affiliate links to Amazon or selling advertising. Pick a product or brand you are interested in and teach people about it, give tutorials on it and compare it to similar products or brands. You can review products online with a YouTube channel or a website. Learn how to start a website as a kid or teen. You build a website around that keyword and make money from advertisers on Adsense. Niche WebsiteĪ niche website is where you do keyword research to find a specific word or phrase on Google that has at least 2,000 to 3,000 monthly searches. You can podcast once a week or twice a month and still make good money. Once you build up a tribe or following of people you can continue to produce podcast sessions and make money. The more listeners you have the more money you make. As you build up a following, businesses will sponsor you to advertise their products. You can talk about one of your passions, hobbies or something you know a lot about that others would find interesting. A podcast is basically your own talk radio station. The great thing about podcasting is that there is not as much competition as there is on YouTube and the Internet. He makes hundreds of dollars per month now. Learn from Matt who is 17 and has built a YouTube channel by playing video games. Once you have that though, you can consistently make money month after month from advertising on your videos. You have to make good videos that stand out or that feel a niche. Overtime you will get more and more people subscribing to your channel. Find your sweet spot on YouTube and start creating videos. YouTubeĪ YouTube channel is a great way to make passive income. Learn how to create a blog as a kid or teen. You can even sell informational products on your blog to make more money.
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She was making more money for 4 hours of work per week than someone working 20 hrs a week at $8 an hour. I heard of a girl who did this and was making $950 a month from her website by the time she left home and went to college. Meanwhile you are continually making money from Adsense and advertisers on you blog. Once you have made your blog it takes time to build up a following but after you have a flowing you could put up a post just once a week to maintain your audience and Google rankings. BlogĪ blog is a lot of work up front but it pays off in the long run. Read the book Tribes by Seth Godin to understand this better. Building things online you can build your own tribe of people who follow you. Online is probably the best way to build passive income streams. Once the candy machine is set in motion it only takes a little time each month to restock, and collect the money.Īll of the other ways of earning passive income are online ideas. When someone wants some candy they put a dollar in a money box next to the candy box and you collect the money and restock the candy twice a month. The candy machine is where you put boxes of candy in dentist offices, beauty parlors, and other business offices and charge a fee for your candy. Here are some of the best ideas for making passive income as a kid or teen. By the time you move out you should already have money coming in month after month. That is okay since you are a kid and have more time with no expenses. The great thing about building passive income as a kid is that most of the ideas take time before they start making money. It takes a bunch of work upfront but then the money just roles in month after month with only a little maintenance. Passive income is money that comes in every month with little effort to maintain it.