There are several passive income ideas that you can do and become a millionaire within a short time. This is the moment many youths are turning to online jobs to make ends meet, but only the clever ones make it to the millionaire status. In the year 2021, we wish to identify some of the online jobs you can do to become a millionaire.
- Blogging
What I love most about blogging is that most of your audience are anonymous—they have only come to your blog to learn something, they don’t know you. Such people will generate income for you without bias. I have no doubt that blogging is the most rewarding online venture, but only works perfectly for those who dedicate their energy and time to create useful content.
No single individual can say that they can’t afford to create a blog because of capita; the cost of starting a blog is affordable to everyone. With a capital of $20 to $100, you have your own blog.
In case you are inspired to run your own blog, set aside $50 and use it to create one. I would recommend that you get a free domain name from Bluehost,follow this link to register your domain name
Beginner bloggers earn through AdeSense.A blog attracting over 1 million monthly visitors can easily make one a millionaire.
Here are the highest paid bloggers in the world 2021:
- Moz: $44.9 million per year.
- PerezHilton: $41.3 million per year.
- Copyblogger: $33.1 million per year.
- Mashable: $30 million per year.
- TechCrunch: $22.5 million per year.
- Envato Tuts+: $10 million per year.
- Smashing Magazine: $5.2 million per year.
- Gizmodo: $4.8 million per year.
- Become a YouTuber
If you are talented in creating videos, start a YouTube channel. YouTube does not charge anyone money to create a channel. Once you have your own channel, start posting videos and look for enough subscribers. More than 100,000 subscribers will make you a millionaire.
To show you that already people are earning millions, here is a list of the highest paid YouTubers in the world:
- David Dobrik.
- Nastya: $20 million.
- Logan Paul.
- Jake Paul
- Jeffree Star: Net worth: $200 million (of which $18 million is from YouTube alone), Jeffrey Lynn Steininger Jr.
- Lilly Singh
- Blippi (Stevin John)
- Smosh. Net Worth: $15 million.
The only challenge you’ll have is to get subscribers. If by good luck you get 1 million subscribers, know that you’re already a millionaire.
- Affiliate marketing
Almost all the richest bloggers in the world generate most of their income through affiliate marketing. At first, they all start monetizing with AdSense but eventually shift to affiliate marketing. One advantage of affiliate marketing over AdSense is that it doesn’t require huge volumes of visitors for one to earn millions. All you need is a niche blog that get organic traffic. Your target is to get more than 10,000 daily visitors in order to earn over $10,000 per month.
Identify the most profitable affiliate marketing programs in your country and review the companies’ products. You’ll be earning commissions for every sale you make.
- Invest in Bitcoins
Investing in Bitcoins is risky but worth undertaking. You remember when we first heard of Bitcoin? I was skeptical of this kind of investment but a friend of mine invested $20,000 and after two years, she managed to make $100,000.
- Academic writing
There are millions of students worldwide who are unable to write proposals or projects for themselves, they pay academic writers money to do the job. There are thousands of people who have gained immensely from this work—they are now millionaires.
You need an independent account which the students will send their work to. You will make $10 to $200 per page. In month, you’ll make upwards of $10,000.
- Create online courses
Nowadays many people go online to search for available useful resources to consume. Online courses are selling like hot cakes especially those related to health, SEO, blogging, recipe and personal finance. If there is a huge demand academic resources, create a course and sell it online.
- Invest in unit trusts/bonds and shares
Shares/unit trusts and bonds are some of the things which have propelled people like Warren buffet to greatness. Once you invest in these things, you simply wait to earn commissions on daily basis. You are not required to do anything beyond investment—people will work for you.
- Own rental houses
The hardest work will be to build the rental houses and once you are through and finally got clients, you’ll be earning money while doing nothing.
- Plant trees
If you plant trees today, they will take at least 5 years to mature and once they are mature, you’ll sell at reasonable price. Trees don’t require any labour—you just wait for them to mature and sell them.
- Buying and selling of domains
Domain names are easy to buy but very profitable after some time. A single domain costs about $10 and can be sold for more than $3000 after one year.
- Build and sell websites
If there’s one thing I will do again and again is to build and sell websites. I have already sold 3 websites in a span of three years and earned $100,000. This business is very lucrative especially if you manage to get AdSense account for each website.
- Publishing eBooks
eBooks may not give you instant cash but they will eventually start generating money for you. You might be lucky to sell millions of copies, thus becoming an instant millionaire.
- Keep precious products like diamond and gold
Gold and diamond will never lose value. If you have a chance to buy things made of gold and diamond, buy as many as possible and keep them in your home. You’ll sell them later at a profit.
- Buy and sell social media pages
Another business I actively do is that of building and selling of social media pages. I have sold two pages which generated for me over $5,000. You don’t use any resources to develop these pages.
- Sell photos online
Take photos and sell them online to companies buying them. A number of companies buy photos to sell to journalists and media companies. If you have any useful photos in your phone concerning historical buildings, monuments, streets or prominent personalities, start selling them and make money online.
- Create an App and make money from users
You can also develop and App like Uber or for mobile lending and charge users.
- Lend money to peers
Friends and family members may be in need of cash, use that opportunity to earn money by lending them. They will return the money with interest.
