In this post, you will learn 5 Passive Income Streams Ideas to Make Money Online in South Africa by using your laptop and internet connection.
I\’m pretty much sure you have read other posts that say to build Passive Income streams you need to invest in Real Estate, Rent your car in Uber or Bold and other things that need a lot of starter up capital to invest.
Yes, those are also Passive Income Stream Ideas.
But if you do not have money to invest in advance you are pretty much screwed.
In this post, you will learn how to generate Passive Income with no initial funds or starter up costs. But you might need to invest in some tools to speed up your earnings.
This might cost you less than R1,000 per month.
I have been making R350 up to R2,500 per day with what I am going to show you. Believe it or not, this is what I am earning online.
You can see the screenshot below.
It even increases…
Heck. I am not promoting a get rich quick scheme or overnight success. This need commitment, time and effort.
You know what people always say: Time is money. Mathematically Time = Money
So, If you have time you have money.
I have invested my time to build streams of income online with some of the 5 Passive Income Streams Ideas I am going to show you now.
You can implement them right here in South Africa and build Passive Income Streams from the comfort of your home.
Are you looking for second income opportunities in South Africa or smart passive income ideas or create multiple streams of income in your 20s, 30s or 60s.
You have come to the right place!
You will get everything you need to know in the post.
If you take action and commit you will start making money online right here in South Africa with your laptop and internet connection.
What Is Passive Income?
Before I start diving into the 5 Passive Income Stream Ideas to Make Money in South Africa. I need to define the term and concept of “Passive Income”
According to Wikipedia:
“Passive income is income that requires minimal labour to earn and maintain” Some people also define it as making money while you are sleeping.
I define passive Income as the process of investing your time and resource into a business model that will bring perpetual income for doing nothing in the future.
Yes, making passive income require time and effort from the start.
It needs some sort of foundation to rely on and you will be rewarded late even if you are no longer investing anything.
They are a lot misconception about Passive Income.
Some people think Passive Income is a Get Rich Quick Scheme that gives you perpetual income without any work.
That is completely wrong!!!
Let talk a bit about Real Estate.
If you want to invest in this business model you will need to find the right property, find tenants and other services to maintain your property.
After finalizing everything then you can relax and enjoy your money. As you can see Passive Income initially need some work.
I hope this example helps you understand all the concepts.
I also like this article from my friend Jerry Huang from Singapore: Are You Willing To Work for Free?
At the start, you will be working for free to build your Passive Income Streams foundation.
The difference between successful people and unsuccessful people is unsuccessful people need results now.
That is why most of you are stuck in the 9 to 5 employment slavery.
You need results now (money). Yet you hate your job and the toxic work environment. Successfully people do not work for money.
They work for their dreams and put in all the time now and reap the reward late. If you are here reading this post and you are looking for fast income I am sorry to disappoint you.
But if you are willing to commit and put in the work now you will have a bright future and build a stream of passive income at the comfort of your home.
What Is The Benefit of Passive Income Streams
They are a lot of ways to build passive income streams in South Africa some require a starter up capital and some require time, patient and commitment.
As I said at the beginning of this post. I will only show you how to generate passive income streams with no initial funds or starter up costs.
You may ask what is the benefit and the reason to build Passive Income Streams.
It gives you security and freedom. If one source of income dries up you have another one to rely on.
It also gives you financial freedom.
Warren Buffett says: “If you don\’t find a way to make money while you sleep, you will work until you die.
The other reasons and benefits I focus on Passive Income streams to make money online in South Africa are due to the geographical independence and it does not require a starter up capital.
The world is going digital where have digital money, digital information, digital product, digital marketing, online course and everything is now digital.
You can easily reach your target audience from around the world with your laptop and internet connection and sell them digital products, online courses and make passive income from your bedroom.
Summary of Passive Income Streams benefit
- Freedom of time
- Work Remotely
- Security or Finacial Freedom
- Geographically independence (Work from anywhere)
- Reduce stress (No need to worry about money)
How to start building your Passive Income Stream?
First of all, you need to start building your mindset whether you want to make R100 per day or R50,000 per money or even make 6 to 7 figure Passive Income Streams is all about your mindset.
They are books that you can read that can help you build your mindset like Rich Day Poor Day by Robert Kiyosaki, The Millionaire Next Door by Thomas J. Stanley and the 4-Hour Workweek: Escape 9-5 by Timothy Ferriss.
Other things are assessing your skills and goals that you want to reach. I believe everyone has a skill it can be writing, teaching, presenting or being able to learn something new.
Those are the skills that can help you to build Passive Income Streams in the digital world. You also need to set up your 6 to 12 months goals.
Building streams of Passive Income won\’t happen overnight.
By setting up your goal and what you want to reach within a specific period will help you to work through it.
Remember a goal without any action plan is just a dream.
You also need to find your Why.
Your Why can be anything that will motivate your to push until you achieve your goals. Your Why can be:
- Working remotely or fire your boss
- Making enough money for retirement
- Making a better life for your kids
- Travelling the world or having financial freedom
There is no wrong or right Why all depend on what you want to achieve and these 5 Passive Income Stream ideas will help you to start working on your Why and How to achieve them.
5 Passive Income stream Ideas to make money online in South Africa
You will have to choose Passive Income Stream Ideas that you are comfortable with and match your skills.
Some of them work hand in hand. You will need to be flexible and able to learn some of the skills.
Heck! If you want to make money online in South Africa or build streams of Passive Income and live the life you desire.
Then you need to step out of your comfort zone and pursue your dream.
1. Become a Blogger
Every time you are looking for information who do you ask? Of course, you ask uncle Google all the information you find on the internet is been written by someone like me.
That alone proves you were searching on Google, Yahoo, Bing other search engines the keyword “Passive Income Stream Ideas To Make Money Online in South Africa” and you land on this post.
Google search result is full of blogger content.
You can make passive income just by being a blogger. First, you need to find your niche (What you will be writing about).
This is can be your hobby, interest or just anything that you like. Your job is to write quality content that people are looking for on the internet.
They are a lot of ways to make money as a blogger you can partner with Google Adsense and start monetizing your blog with ads.
Below is the estimated amount of money you can make just by people visiting your blog page. The more people visit your blog page the more money you make.
This is R62,000 annual Passive Income and an average of R5200 per month. Remember what I told you at the beginning this need initial work.
You need to write more useful content. As you can see around this post there are ads.
This one post can only make me a few rent I have to continue writing other posts to increase my earnings online and this post is written only once and it will be on the internet for years.
I will be earning passive income for just one post. The more I write the more money I make passively.
You can also create digital products and promote them on your blog or sign up as an affiliate with different companies and promote their products and services and earn commissions as a blogger.
This is the best way to build Passive Income Streams online as a blogger. Wealthy Affiliate can help you with tools, training to choose a profitable niche and also learn how to succeed in the online world.
2. Become a YouTuber
Becoming a YouTuber is one of the Passive Income Stream Ideas to Make Money Online In South Africa. You can create your Youtube Channel for free and start creating videos content that people are searching for on youtube.
It is the same process as being a blogger.
But here you have to create videos and you also need to choose your niche.
If you are interested in sport, fitness, politics or entertainment you can make Passive Income Streams as Youtuber.
According to jobintazania.org can earn per million views between $2,000 and $4,000 this is around from R30,000 to R60,000.
This amount is only if your views come from South Africa. Definitively you can earn move if you target people from the USA, UK other overseas countries
You do not need an expensive camera or software to start making Youtube videos.
I use my phone, free editing software and Tubebuddy. This is a tool that helps me to plan, analyse my competitors and help me to increase views.
You will suck at the beginner with time you will get better and better. For more Tips and Training on how to make money online in South Africa please subscribe to My Youtube Channel
3. Run an Affiliate Marketing Business
Becoming an Internet and Affiliate Marketer is the best way to make Passive Income Streams online right here in South Africa.
You may ask what is Affiliate Marketing?
It is the process of promoting someone else products and services and earning commissions when sales occur. As you can see in my screenshot below.
I am getting commissions every month via PayPal as an Internet and Affiliate Marketer.
There are a lot of companies out there that need people like you and me to promote their products and services and pay us a commission when sales occur.
Those companies can pay up to 75% commission. You may ask why they are doing that.
Every company need marketing.
Instead of putting advertisements on TV that will cost them a lot of money for a few sales or run ads on Facebook, Twitter and Youtube that might not convert.
They can partner with you and promote their products and services and earn commissions for every sale.
They are a lot of Affiliate Programs you can sign up for free and start promoting their products and services.
Let say you promote a service like Netflix and it cost R200 per month for a subscription and Netflix pay 50% commission.
You can earn a recurring commission as long as your referrer keep on paying their subscription.
Let do the math.
For each referral, you earn 50% which is R100 per month.
Let say you manage to get 50 subscriptions you can make R5,000 even if you stop promoting Netflix.
They are many software and products you can promote and earn recurring income better yet they are paying in the dollar.
For step by step training on how to promote different products and build streams of Passive Income online, you can sign up for My Free 7 Day Email Course.
4. Sell Digital Product
Selling digital products is also Passive Income Stream Ideas but you need to do that hard work by creating your own product.
There is no room for a low-quality product. You need to bring out the best of yourself and create an amazing product that people will love.
Creating your own product need some skills. If you are a writer you can start selling ebooks and you can use software like canva.com to help you will the designs and cover page.
If you are an IT Technician you can design software or apps that will help people and make passive income from the comfort of your home.
You just do the work once and start earning passively.
You can also Implement Affiliate Program for people to promote your products to increase sales or you can do it by yourself by becoming a Blogger or Youtuber.
If you need a hand in starting a successful online business you can sign up for My Free 7 Day Email Course and learn how to build a stream of income online from your bedroom.
5. Creating online courses
Online courses become very popular nowadays and the Covid 19 force people to stay at home. If you have the skills to teach people there is no better time than now.
Starting an online course is the best Passive Income stream idea if you are a lecture, teacher or tutor.
They are many people out there who want to increase their skills and they have the money to pay for online courses.
5 Passive Income stream Ideas to make money online in South Africa – Final Verdict
Those are the 5 best Passive Income streams Ideas to make money online in South Africa. Some of them does not need any starter up capital.
They just need your time, effort and commitment. People are making 6 to 7 passive income from the comfort of their homes using a laptop and internet connection.
The potential of making a lot of money is there and your audience is very big you are reaching people from every corner of the world using your laptop and internet connection.
If you are serious about making money online in South Africa passively you can sign up for My Free 7-Day Email Course and learn how to build Passive Income streams online.
Let not forget I am not promoting any get rich quick scheme or overnight success. This needs initial work and commitment to live the life you always desire.
Here is a question for you. Which one of those passive income stream Ideas you will start with and what is your goal.
Please leave your comment section and I will help you to kick start and make passive income from the comfort of your home.