THE BLOG
11/12/2014 09:44 am ET Updated Jan 12, 2015

5 Ways You Can Earn a Passive Income on the Internet

The internet is a big place, an estimated 3 billion people have accessed the internet at least once in their lifetimes, and given that Facebook publicly gives out information that they've got more than 1.2 billion active users, it's safe to assume that majority of these estimated 3 billion are actually quite frequent users. Now, could you say that you've got access to that many people at once down in your local supermarket? I thought so.

Ever since the web became a thing, one of the hottest discussion topics has been "how to make money online," a phrase that you and your friends have seen at least a couple of thousand times, if not a little more. Making money on the internet, is indeed, possible and actually not that hard to do -- even if you don't have an initial investment.

We won't be looking at full-scale courses on how to generate some additional income, instead -- we'll look into passive income, a term used to describe income that somehow generates itself over time, without having you spend countless hours optimizing, and enriching with content.

Build a Blog Community

I'm sure you've seen this particular suggestion a few times already, stretched into as many variations as possible, but if I didn't have my CodeCondo project up and running; I wouldn't bother recommending it. Blogging is a legitimate way of earning passive income, even full-time income if you're capable of dedicating yourself.

You're passionate about something, use your knowledge and share it with others. Even if you're not making money in the first couple of months, you will make at least a couple of hundred through the course of time. Whenever you're spaced out, or simply bored -- you can fire up your blogging platform and publish something new. You'll be surprised to learn how many people are looking for things related to your passion.

Selling Digital Information

There are various types of online media content that can be sold through third party sites, including your own:

  • Online Courses (Video, Audio, or Plain-text)
  • eBooks
  • Coaching

You can sell (and build, of course) all of these at the comfort of your own home, it might take a few weeks to get it done, but if you build something that people need -- the passive income is going to roll in regardless.

Mobile Applications

The mobile industry is growing at a very fast paced rate, and getting into this market now could secure a nice position for you in the future. You don't have to build premium applications, in fact -- for a passive income, I recommend building simple, free, applications that are supported by ads. Not only is it safe, it's also a lot less work for you.

Create Graphics for Premium Sites

This might be slightly niche-related, but many schools teach graphic design by default, so you must have some idea of how to create images, animations, and other graphical elements. If you've got the knowledge, popular stock images sites such as iStockphoto will be more than happy to pay you the premium for providing them with original and unique photos. Something worth looking into.

Social Media Management

More and more brands, startups and companies are opening their doors to the internet, and believe me when I say that those companies are looking for all kinds of managers, one of the most popular positions that I've come across has been social media managers; they're the people who manage all the social media related stuff for a business. It requires a few hours work a week, and I can net you a decent passive income along the way.

Make sure that you, and the employer, have agreed on the amount of work that needs to be carried out, as not to run into confusion later on.

These are just a couple of ideas that I've been able to interact with on my own journey, and you're more than welcome to share with us in the comments about your passive income earning experiences.