6 easy passive income ideas to make $10,000 a month (2024)

The ability to go to sleep and wake up with more money in your bank account than you went to sleep with. That's the beauty of passive income. I talk about a ton of passive income ideas on my channel. Today, I'm going to go through top six ways to make passive income. I'd love to know what you have to say in the comments below. Tell me what your favorite way to make passive income is right now. At number six, we have Kindle Direct Publishing. With this service, you can write books and publish them on Amazon for completely free. And you might think, well, I don't want to write a full book, but you can actually do low content books. Like I've done prayer journals, activity books. I use a service called Book Bolt, which has a ton of different templates where you can quickly put together books like this. Nick DeFabio is a guy I had on my channel here. Just a couple of weeks ago, he went from nothing to making a million dollars using Amazon Kindle Direct Publishing last year. And obviously this isn't passive upfront. You have to do the work to put the book together, but then each book that you publish on Amazon becomes a passive income source. So even if you're only making 30 or $40 per month per book, if you put out 10 books, that's 400 bucks a month. Nick has a program where he will help you grow your publishing business to generate 2000 to $10,000 per month, or he'll work with you one-on-one until you get there. I'll leave links below to my full interview with Nick and also where you can book a call with him if you'd like to join his program. The number five way to make passive income is creating a local Facebook group. So I'm in Lincoln, Nebraska. This is Save Lincoln Local. My friend Nolan actually created this group again from scratch. It had zero members when he started it. He went around to local businesses here in Lincoln and said, Hey, do you want to donate something for a giveaway in this local Facebook group? A lot of businesses were like, yeah, that'd be some great publicity and the group just grew like wildfire. Fast forward. And he now has over 20,000 people from Lincoln in this Save Lincoln Local group. He created a preferred vendor program where he charges businesses a hundred dollars a month to be the top recommended for, you know, if you're a mechanic or you're a plumber or whatever the case might be. And now he's making $6,000 per month. It's replaced his nine to five. And again, this isn't passive at the beginning. There's some work involved in getting it set up, but once you get the group running, you can pay staff and it becomes a passive income source for you. Nolan too has a program where he'll help you do this in your local city. So again, Lincoln, Nebraska is already claimed, but he's going to help 25 people do this in their own city. He has it down to a blueprint. So if you like the city you live in and you want to make 6k a month passively from a Facebook group for it, this might be the passive income opportunity for you. The number four way of making passive income is vending machines. And before you say, Hey, that's not passive. That takes a lot of work. Just hold up. This is Mike. He has a vending machine program that he helps people get their vending machine empire set up. He has students making a thousand bucks a month where it's just kind of a little side hustle. He has some students that are making $15,000 per month and it's their full-time job. Again, some people who've gone through his program, they had no vending machine experience before. They were just looking for a way to make some extra income and they found vending machines were the way to go. Tons of testimonials of people who've been successful through his program. And again, in his program, he'll help you for six months, but if you're not at a thousand dollars per month, after those six months, he'll work with you for free one-on-one until you get that thousand bucks a month. And again, you might say, no, that's not passive. You have to go restock the vending machines and fix them and things like that. But once you get your vending machine locations picked and you have the route set up, you can pay, you know, college students, 20 bucks, 25 bucks an hour, just to go restock. And it becomes passive for you. Anything that you can turn into a system, you can make passive. You can pay someone to do the actual labor part. And that frees you up to go pursue other passive income opportunities. If you don't want to do Mike's full program, he also has a training course. That's usually 1200 bucks. It's on sale for 197 today. And then actually new year, new you coupon code, a hundred bucks for this training course. So if you just want to dip your toe in, see if this is right for you, this might be a good option for you. The number three way to make passive income is it's a new program from Amazon called Amazon influencers. You can record product review videos, upload them to Amazon. Amazon will put them on the product pages. And then if people watch your review videos and buy the product, you get a commission. So again, you won't make a ton from each of the review videos you put out there, but if you're able to make 10 bucks a month from a product review video you put out there and you put up 200 videos, that's 2000 bucks a month. Each of these videos you puts out becomes a passive income source. And again, this is something that you can do completely on your own. But as always, I've partnered up with someone who has done this before. They're very good at it. They have two options. They have a training course, kind of a done with you option. Will there walk you through all the steps? What are the best products to do reviews on things like that? And these are people from my community. I have a guy making 3,500 bucks a month from this 2,700 bucks a month, 1,400 bucks a month, 5,700 bucks a month. I mean, this is replacing people's nine to five. His training course, usually 4k, but for my group, he's got it for one K again, a good way for you to kind of dip your toe in. He also has a done for you option, which is where you pay him and he does all the work. His team uploads all the videos and you just collect a check. Again, I have some people from my community that have made 26 K. This number is a little bit old. I've made about 21, 22 K from this, but if you're interested, you can buy his course or you can schedule a call with him. I'll leave links here. You can schedule a call. His name's Kyle. He's a great guy, but he would love to talk through it with you. Answer any questions you might have. The number two way to make passive income right now is through Bitcoin mining. You guys know that we are in a bull market or at least on the cusp of a bull market. The Bitcoin having is about to come. These Bitcoin ETFs have started to be approved. So being able to get Bitcoin passively is going to be a great passive income source for people. If you want to buy a Bitcoin miner yourself, you totally can do that. It's a little, you know, you need to have some technical know-how and it's going to generate some heat and things like that. You also can invest in a Bitcoin mining company. So I've partnered with quantum expeditions. They're a Bitcoin mining farm. You can invest with your credit card. You don't have to use crypto, but when you invest, you get equity in the company and then they'll also pay out dividends. So Bitcoin mining company as the price of Bitcoin skyrockets, the value of your equity and the dividends that you receive will go up as well. So I think this is a great way to make some passive income using Bitcoin. And the number one way to make passive income right now, I'm going to say is crypto trading bots. So this is war bots. You put some money into their trading bots and then you just sit and watch it. And we've averaged 7% a month for the last, since December, 2021. So over two years, we've gotten this 7% average had 6.41% for January for paying out. You can claim all of it. So you can take all the profits. My favorite personal favorite in all these passive income plays is a 50 50 split where you reinvest 50% of it and you take 50% of the profits out, or you can just do a compounding thing. Again, Warren Buffett says that compounding interest is the eighth wonder of the world. But if you use 5k again, I'm using chat GPT cause I'm lazy to do the math, but if you had 5k, you compound it monthly at 7% for two years. So if you got in December, 2021, just compounded the whole time, you would five X your money here. Just in the last two years. Again, if you put in a hundred K it'd be 500 K right now, potentially life changing money for people. So that's what I have for you. Kindle direct publishing, starting a local Facebook group, vending machines done for you. Amazon reviews, crypto mining, crypto trading bots. And those are just six of about the 40 different ways to make passive income that I brought onto my channel. You're looking for more ways. We have passive income engines where we help you live free by deploying a simple passive income portfolio. So we'll help you get passive income set up. We have coaches that'll walk you through it teamed up with these other great Christian guys as well. We just combined all of our passive income side hustles, investment ideas together into one program, but check that out. Passive income engines.com let me know in the comments down below, which is your favorite passive income opportunity. I appreciate you guys very much and I hope you have a great rest of the day.