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We’ll keep this short, sweet, and to the point.

It’s not a matter of IF you’ll need another source of income for your household, but WHEN!

According to the 2019 US census and USA Today, the average household income was around $68,000 and held 1.5 sources of income. As of 2021 that average 1 earner home in Ohio is just $52,415!

www.justice.gov (Ohio) US median home income in 2021

Now let’s step away from the numbers for a moment to reflect on what this means, and where we are going with this.

As you’re preparing your 2022 New Year Resolutions, adding in another form of income may not be a bad idea. The great thing is, there are so many ways you can do this without much effort or just in your free time. We’ve seen it first hand here at the Community Business Resource Center, with one client making over $700 per week just selling digital products! $2300 (after taxes, because ya know… the I. R. S.) accounts for an extra $27,600 per year!

Now let’s go back to that Ohio number of $52,415 per year. You could easily make half of that, per year, “while you sleep” as they say, because that’s the ultimate passive income phrase and we don’t know about you, but we’re ready to USE IT!

So let’s dive into the top 15 Passive Income Ideas to Start in 2022

(We’ve broken this down into 3 parts of 5, just to avoid overwhelm!)

Start Blogging
We’ll continue to preach about the benefits of blogging bc it’s still a very lucrative passive income and it’s still quite a bit of earning potential in it. It will require some work up front, such as setting up a website and domain and building a following, but once you’re more comfortable and consistent, you’ll be able to monetize your post for great payouts!
Drop-Shipping
This is another great Passive Income business model that can be set up pretty easy and doesn’t require a lot of continuous work from you. You’ll start by finding a legit supplier who will ship products to your customers on your business’s behalf. The easy way to do this is by setting up an account with Oberlo and then, building on a platform like Squarespace or Shopify with products you find on Oberlo!
*BONUS TIP- purchase one of each product you plan to sell online and create great content using the products for social media, this helps build trust with your audience and brings your brand to life!
Start Your Own Podcast
Have the great gift of gab about topics you’re passionate about? You could make some great passive income by starting your own podcast. Talk about your thoughts, insights, and opinions on any topic and then, reach out to brands with your advertising package offer in exchange for giving their business promos, shoutouts, and collaborations. Try Anchor or use free services like Soundcloud, Spreaker or even Clubhouse to get started.
Publish Your Own Ebook
Yes, yes, Ebooks have become one of the best ways to earn passive income today with consumers always so eager to learn or have something easily accessible yet exclusive. This can be a great way to share your knowledge and expertise with your following, and could be very lucrative revenue! Amazon is the place for easy self-publishing through their KDP platform, but if you’re trying to keep all of the sales to yourself, you could try creating your own and selling it on your website and social accounts.
Affiliate Marketing
I know we’ve said this already, but we mean it this time, it’s Affiliate Marketing that is one of the best passive income opportunities today! The great thing about this is that just about every big brand has an affiliate program so you’ll be able to stay on top of the most popular products and cash in big time! You’ll earn your income by referral commission, being paid out each time someone purchases the product through your site/blog/social accounts. Do your research to find the best programs, we actually have a HUGE list here to download of affiliate marketing sites and brands to try.

Round Down

Passive Income can be super exciting to get started and scale into earnings that help elevate and fill in the financial gaps. Truth is, Passive Incomes have been able to replace 9 to 5’s, but it’s okay if you still like your full-time job too. The beauty of Passive Income is that it can be run right alongside most 9 to 5 jobs once it’s built successfully. There is money to be made, so keep at it, stay consistent, and believe in yourself!

And That’s Passive Income 1-5 of 15!

Be sure to Subscribe below for 6-10 and 11-15 Passive Income Ideas to try in 2022 coming in the next few days!