How to make passive income as a teenager (2023)

By Scott Tyler December 19, 2022 Business Ideas 0 Comments

If you want to learn how to make passive income as a teenager, then read on…

It’s easy to see why people love the idea of passive income. You can do the job once and generate passive income forever.

Passive income is the opposite of how most of us make a living. Thanks to it, the money comes without much work on your part.

Passive income is money you earn in a way that requires little or no daily effort to manage. What’s so fascinating about this? Well, everyone wants to generate passive income so that they can retire richly and enjoy life.

For many the question is how to make passive income as a teenager. What are the best ways to earn real passive income? How can i make passive income? Let’s answer all these questions and take a look at some of the best passive income ideas that can be used to earn extra money in 2023.

What is passive income?

Passive income is money you earn in a way that requires little or no daily effort to manage. It has been broadly defined as money you earn with as little or no effort as possible.

People often associate passive income with dividends, interest, lottery prizes, and real estate gains. However, It takes time to generate passive income.

The best way to understand passive income is through an example:

Donald and Somto live in a village in very precarious conditions. One of the most influential people offers them both a job : they must transport the water in buckets from a distant well to a reservoir within the village. For each cube they bring, he will pay them money.

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They started to do it. Days and months went by and Donald and Somto are charging for each bucket of water they bring . It is hard work, because the cubes weigh a lot, but it gives them a living.

Until one day Donald, who has been thinking about an idea in his head for a while, suggests to Somto that they build together a pipe that takes the water from one point to another, so that they don’t have to do it anymore .

However, Somto was not interested, because it was necessary to invest effort, time and money in building a pipeline. He was happy and comfortable with how things were.

Donald begins to work hard despite criticism and mockery from others, and little by little he manages to build the pipeline. Now Donald is free . When Donald sleeps, the pipe is working for him, and Donald charges.

When Donald is on vacation, his source of income continues to function as the pipeline continues to carry water. When he is sick, he continues to receive income because the pipeline continues to work for him.

However, Somto, every day that he does not work, that day his income is zero. So you can’t take days off . If you are sick or tired, you do not receive income. If you go on vacation, you do not receive income.

If you want to spend time with your family or start a new project, you do not receive an income.

Donald doesn’t have to worry about any of this. He begins to build his pipeline system in nearby villages, and little by little people like Somto find themselves out of work.

In summary…

It seems obvious that Somto should have built a pipeline. But what is perhaps not so obvious is that more than 95% of the population are transporters of water buckets . 95% of the population exchange time for money. If they stop working, they don’t get paid. If they work fewer hours, they get paid less.

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The other 5% are dedicated to building passive income systems that allow us to enjoy the lifestyle we want , while generating automatic income.

This example on how to make passive income as a teenager is apt for consumption of those who would always go for get-rich – quick chemes.

How do I start building passive income in 2023?

Here are some ways to generate passive income that exist, but there are many ways to earn more money :

✅ Creation and monetization of Websites through affiliate links, Adsense, lead generation, advertising agreements with companies, info products, e-commerce, etc.

✅ Create a business (not self-employment)

✅ Creation of mobile applications

✅ Sell books on Amazon or through a publisher

✅ Creation and monetization of YouTube videos

✅ Rental of flats, parking lots, premises

✅ Create audiobooks, pdfs or video courses (that is, any type of digital product that you create once and sell forever)

✅ Online courses, memberships

✅ Patents

✅ Charge for sponsored posts on Instagram or YouTube.

✅ Investments in financial instruments (eye, as in all the income that I am listing, first of all you must learn about finance.

I give you an example: as this study says ( source ) 90% of people who operate on the stock market lose If you do not want to belong to that percentage, you must train very well. Training is the most important step when it comes to obtaining passive income.

✅ Multilevel (Be careful, in this world there is a lot of scam. Study the company carefully and especially if they have a REAL and quality product or service)

✅ Insurance portfolios

✅ Create audiobooks, pdfs or video courses (that is, any type of digital product that you create once and sell forever)

✅ Sell your videos and photos

✅ Charge for sponsored posts on Instagram or Youtube

✅ Sale of WordPress templates or Plugins

✅ Rent a room on Airbnb

✅ Royalties of audio tracks

✅ Peer to peer loans

✅ Create an online store

✅ Put advertising on your car

How do I make passive income as a teenager?

1- Choose one of the ways that I have listed. The one you like the most, the one that you think you may be passionate about and will not require so much effort.

2- Get organized so that you can dedicate at least one to two hours a day, 5 days a week. Commit to this project, even if it means having to wake up an hour earlier or make some sacrifices.

Everything worthwhile in life requires effort. Commit to doing it and stick with it until you achieve the results.

3 – GET TRAINED . During the first months, use those hours to train yourself. Don’t jump in without knowing because you’re only going to waste time and money.

Learn, sign up for courses, train with those who have already achieved what you want. Practice.

4- Become an expert in that passive income . Read everything you can, study everything you can, hang out with people who are doing it.

Become obsessed with becoming one of the people who knows the most about this topic.

Remember the income you receive will always be in relation to the value you contribute.

5- Generate income.

6- Replicate it, automate it, or scale it.

7- Look for another passive income and do the same thing again. Ideally you should create at least one new font every 1-3 years.

8- Reinvest part (at least 10%, although we recommend reaching 30%) of your earnings in your training and in the following sources of passive income that you start up.

Best 10 Ideas for Passive Income Online

# 1 Passive income with a blog

A blog is a simplified term for “web blog”-a new generation medium for writing articles, essays, statements and the like.

Aside from being a window for the readers to see what’s on the author’s mind, a blog lets him elaborate on facts or scribble out whatever idea that pops out his head.

The current blogging scene offers monetization options that you’ve never imagined. You can find direct advertising options as well as affiliate offers. You can enjoy the endless possibilities of earning money through blogging.

How can I make passive income blogging?

Blogging continues to be a popular and successful way to gather many sources of passive income on one website.

On an established affiliate link blog, you can display banners, own products such as e-books, sell books, video courses, or paid membership offers.

But before you can start making a decent income, you will need to do some groundwork and it will probably take a few years to have a blog that makes you an attractive amount of money each month.

And not only do you have to put a lot of work into your blog, you also have to find a blog topic that can be monetized and can be used to make a lot of money.

# 2 passive income from e-book sales

E-books have been around for a good 10 years and are still one of the most popular mediums. This means that you can also earn passive income as an e-book author, but the market is very competitive.

To be successful here, you need to have good writing and position yourself in a niche.

You can sell your e-books on your blog, as well as on certain platforms like Amazon and some more. There you can benefit from the large number of visitors, but you must market your e-books accordingly to generate profitable sales.

Another source of income with e-books is their dubbing into an audiobook.

# 3 Passive income from YouTube videos

YouTube videos are a popular passive source of income for teenagers. But even here, it’s not easy to generate attractive recurring income, be it from ad revenue or sponsored videos.

It’s important that you create consistent content over and over again over a long period of time.

In order to earn money with advertising revenue on YouTube, you must meet the conditions specified by the platform, such as having at least 1,000 subscribers to your channel and having achieved a viewing time of at least 4,000 hours in the last 12 months.

The last condition in particular is not very easy to achieve. But ad revenue isn’t the only source of income for YouTubers.

# 4 Passive income with online courses

Many Internet users take advantage of the convenient opportunity to inform themselves online, whatever the subject. If you have a coveted knowledge that can easily be turned into a video course, then you can generate considerable passive income from it.

You can offer your course for a fee through an internal area on your blog or, better yet, you can use an external platform for sales.

Udemy has the advantage that this online course platform has a lot of visitors and that you can better reach potential customers. The downside: courses are often offered at very reasonable prices, so the profit per course sold is low. Only when you sell a lot of courses will Udemy really pay off.

# 5 Passive income with a print-on-demand store

E-commerce should not be missing from the list of passive income opportunities. And especially not for print on demand, even if the competition here is very strong.

In recent years, t-shirt printing platforms have sprung up like mushrooms, there are many more of these t-shirt printing websites.

The range is no longer limited to printing individual designs on T-shirts and hoodies; cellphone cases, pillowcases, bags, mugs, baby items, and canvas are also personalized these days.

If you can create graphics yourself, then you have saved the cost of buying the graphics, because you do not earn too much selling a t-shirt, the platforms in most cases pay you an amount of around 3 euros per t-shirt sold.

You can set up a store for free on platforms and sell your designs on it. Or you can create your own store and have the products through a print-on-demand service.

# 6 Passive income from selling photos

Photography is one of your hobbies and do you have a high-quality camera? You can then write to photo agencies such as Shutterstock or Adobe Stock, upload photos, and sell them there.

What is sole proprietorship in business?

To sell your photos as often as possible, you must commit to photographic themes that are very popular with users, such as business, feelings and emotions, people, environment, industry, etc.

You will receive a commission for each photo sold, which at Adobe is 33 percent of the sale price.

# 7 Plugin development and passive income themes

WordPress has been the # 1 CMS for business websites around the world for years. And if you use WordPress, you generally also use some plugins to add functionality to WordPress.

For modern design, more and more premium WordPress themes are being bought and installed.

For programmers who are proficient in PHP, JavaScript, CSS, HTML, and other relevant techniques, this is an ideal opportunity to generate passive income from the sale of WordPress plugins and themes.

You can use the plugins and themes programmed in large international platforms such as: Themeforest. Plugins and themes should be adapted to the latest versions of WordPress at regular intervals.

# 8 Passive income with application programming

Programming apps and selling them is also one of the best passive income opportunities for teenagers.

However, you really have to understand the necessary programming languages and know what features make an application really successful in order for it to be bought by thousands of users.

Then nothing stands in the way of a successful sale on Google Play and Apple App Store.

# 9 Passive income with affiliate marketing

Affiliate marketing remains one of the easiest and most popular ways to generate passive income. Because affiliate programs cost a penny a dozen, some of them offer attractive pay per sale or per lead.

The easiest and cheapest way to do affiliate marketing is through a blog, item 1 on my list. However, there are other ways to do affiliate marketing, for example through YouTube, where you can include affiliate links in the text below the videos, through Facebook, Pinterest, and Twitter.

To be successful in affiliate marketing on social media, you need a large following.

# 10 Passive income with dropshipping

The dropshipping can be achieved in this list, the second opportunity for e – commerce, passive income. With drop shipping, you are not responsible for shipping the products from your online store yourself, but the wholesalers whose products you offer take care of it.

This saves you a lot of work, both in terms of time and money. The downside to this business model is that the profit margin is usually quite low.

Dropshipping is possible on almost every product line, from fashion to children’s furniture and toys to beauty products, large appliances, and more.

WHAT WILL HAPPEN IF YOU DO NOT START TO GENERATE PASSIVE INCOME?

You are most likely still exactly where you are now . And that doesn’t have to be bad, maybe you like your current situation.

But most human beings have an innate desire to grow . And I’m not just talking about growing economically. But growing financially will give you the time and resources to grow in other areas of your life that give you meaning .

If you like art you can buy and enjoy more art. If you like to travel you can travel more and better. If you like spending time with your family, you can do it more often. If you like to collaborate in causes and NGOs like me, you will be able to help the world more.

You can pursue your passion, you can allow yourself to dream about what you really want to do with your life , something that most people don’t think about simply because they don’t see a way to achieve it.

In short, you can get closer to your idea of success .

Passive income gives you the assurance that if your circumstances change or your wishes change, you can adapt to them.

A permanent job, even if you love it, does not give you that versatility, which is without a doubt something that I personally value very much, because it allows me in every moment of my life, to do what I really want.

THE REALITY OF PASSIVE INCOME

Learn the truth and myths about this income…

There are many myths about passive income. There are also many half-truths, and many people who do business promising results that simply using common sense we would discard.

The reality is that everyone can generate passive income . It is not something reserved for the rich.

But it is not something that will generate a lot of money from one day to the next or in a short period of time.

First you have to dedicate time to LEARN, become very good, create and generate passive income, and then replicate or scale it. And that takes work . Sometimes a lot of work.

But can you imagine the satisfaction it gives me to work for a few months on a website, and then with hardly any work invested, which gives me € 500, 1000, 2000 every month? That property is literally making me money while I sleep .

It is easy? No

It’s fast? No

Worth it? Absolutely YES.

You only need sustained, concentrated and continuous action over time . Work in an income form long enough to master it and start making money. And then get on with another, and with another, and with another.

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In addition, as you generate income, you can use it to support compound interest and generate other more passive sources of income, in which by investing your money, and without investing time or work, you generate new income.

How to make passive income easily?

There are many myths about passive income. There are also many half-truths, and many people who do business promising results that simply using common sense we would discard.

The reality is that everyone can generate passive income . It is not something reserved for the rich.

But it is not something that will generate a lot of money from one day to the next or in a short period of time. First, you have to dedicate time to LEARN, become very good, create and generate passive income, and then replicate or scale it. And that takes work . Sometimes a lot of work.

It is easy? No

It’s fast? No

Worth it? Absolutely YES.

You only need sustained, concentrated and continuous action over time . Work in an income form long enough to master it and start making money. And then get on with another, and with another, and with another.

In addition, as you generate income, you can use it to support compound interest and generate other more passive sources of income, in which by investing your money, and without investing time or work, you generate new income.

Final thoughts

These 10 ideas on how to make a passive income online show that there are very different variants. In all of the examples, however, a lot of preparatory work is necessary to fulfill the dream of passive income streams.

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Whether you first write e-books, create training videos, program plugins or themes, create layouts for the print-on-demand store, take photos, and more. You can also outsource some activities, such as: creating graphics or writing e-books.

You can find inexpensive service providers for these tasks on relevant platforms like fiverr. But if you want to save this money, you have to create everything yourself.

Passive income is always associated with an expense of time or money (in the case of outsourcing). However, over time, you can accumulate some sources of income that make more money than jobs.

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How to make passive income as a teenager (2023)

What is passive income?

How do I start building passive income in 2023?

How do I make passive income as a teenager?