7 Passive Income Ideas to Make You Money in South Africa 2021
Passive Income Ideas That'll Make You Real Money
Passive income investment is supposed to make you money while you sleep - that's the whole idea, right?
You don't have to become an entrepreneur to earn passive income, you just need to put in the work in the beginning and enjoy the consistent income later on.
Building a passive income stream takes a lot of hard work, dedication, and time to make it work.
And when you start earning your 6-figures, you'll forget about the hours you've put in.
Now, let's cover 7 of these ideas that will make you money while you sleep.
It gets better.
South Africans already love these ideas for passive income opportunities.
Blogging is the number one source of passive income for many South Africans.
It'll cost you nothing more than R99 per month of domain registration and hosting, a few hours after work and a few months to start earning residual income in 2020.
You're reading my blog. This blog makes most of my passive income with affiliate marketing in South Africa.
I've signed up with two of the most popular affiliate networks in the country.
You could also signup with Google Adsense. Many bloggers in South Africa use Adsense for passive income.
All you need is enough traffic to your website.
Blogging for passive income online is also best for students who want to make extra money on the side of their studies.
Give it a try.
Here are tips for making money with your blog.
- Run affiliates
- Create online courses
- Buy a blog
- Sell own products and services
You do know what Uber is, right?
South Africans use the Uber business model for passive income. All you need is a car (sedan) and start earning over R8 000 per week with Uber.
I know people who are working for other companies but have their cars making money for them in between working hours. Otherwise, you can get a driver who's going to make you passive income on top of your salary.
You could also subscribe to another popular e-hailing business network in South Africa, Bolt.
Bolt was previously Taxify, changed the name earlier this year.
Both Uber and Bolt guarantee regular income you can enjoy for a long time.
3. Rent Your Car
You could rent your car for advertising space and help a brand reach a large audience.
With that said, you could earn up to R4 000 per month depending on the ad campaign and size of the ad.
Try out brandpromo.co.za today and get paid while you drive.
4. Real Estate
Real estate investment for passive income in South Africa means buying a property and not staying in it.
Earn residual income by renting out your house or property.
Let's assume you have a house on bond, which would your best option:
- Rent out the house and pay it quicker?
- Stay in the house and increase your expenses?
Obviously, option 1 becomes the best passive income idea for 2020.
Want to know the best part?
Invest in real estate in your 20s, that way, you can raise enough capital to buy even more properties to rent.
Do you have unique video content which you already shared on YouTube?
You can monetize those videos to create passive income with YouTube.
You'll make money whenever people are watching your videos on YouTube.
In South Africa, vloggers such as Nicolette Mashile, the Financial Fitness Bunny makes most of their passive income from YouTube Adsense.
To qualify for YouTube Adsense, you need to have a certain number of subscribers and watch minutes per month.
Rent your property space and earn money on Airbnb.
List your property on Airbnb and start making money over R11,650.00 on the go.
Here's an article that'll show you exactly how to make money on Airbnb.
7. Network Marketing
Many South Africans join network marketing companies such as Forever Living, Amway, and Avon to make extra money on the side of their daily jobs.
This type of business is very popular in South Africa.
People sometimes refer to this kind of business as pyramid schemes but it's not. It's a concept that helps people build real businesses and wealth.