This article will go over 26 passive income side hustles for women.
While passive income is often portrayed as easy money, it actually requires lots of work – especially in the early days. But the great thing is that once the business is up and running, you can take your foot off the gas and focus on other things. It will be making money even while you’re sleeping.
Passive income can give you a more flexible, free, and comfortable life. Let’s go over some business ideas that can help you create such an income stream.
26 Profitable Side Hustles for Women
1. Dropshipping
Dropshipping is a great way to earn money from anywhere you live. Dropshippers can earn up to $100,000/year.
What makes dropshipping unique is that you don’t need to keep an inventory of the products you’re selling online. Whenever you get an order, you simply redirect it to your supplier and have them deliver it directly to the buyer. You are essentially just the middle person in the transaction.
Depending on which product you choose, and the pricing you set, you can make a solid passive income through dropshipping.
2. Print-on-demand
Print-on-demand is a great way to make passive income if you are creative. It usually involves working with an online printing company like Printful to customize white-label products such as t-shirts and posters or backpacks, and then selling them on an individual basis.
It is quite similar to dropshipping. You only pay for the product when you sell it. You don’t need to buy in bulk or keep an inventory.
3. Sell digital products
Digital products are files that can be downloaded or streamed online, such as Kindle books, templates, plug-ins, and PDFs.
If you have an idea for a digital product, but don’t know how to create it, you can easily outsource the work to freelancers.
4. Create an online course
Many people have developed a craving for learning new things. If you are an expert at anything, whether that’s art, playing musical instruments, or cooking, you can create an online course using platforms like Teachable and Udemy. Since the course is prerecorded, you won’t actually spend any time actively teaching.
5. Blogging
This is another fantastic side hustle for women who love writing. Blogs can be monetized in a number of ways, including:
- Selling affiliate products
- Creating sponsored posts
- Selling your own products
- Running ads
You don’t need to be an expert web designer to build a blog from scratch. You can use platforms such as Wix to get up and running in just a few hours.
6. Sell handmade crafts
If you’re good at creating handmade products such as handbags, jewelry, artwork, candles, organic soaps, etc., then you sign up to any of the hundreds of online marketplaces available and start selling them. The most popular is Etsy. You can also sell on Facebook marketplace.
As you grow your audience and connect with more people, the benefits of building a brand will compound over time. This will help you to sell more and make more money online.
7. Affiliate marketing
Affiliate marketing is one of the easiest ways to make money online. If you’ve got a medium to large following on social media, you can sign up to affiliate networks like CJ Affiliate and Clickbank, find products that would resonate with your audience, and start promoting them.
Any time somebody makes a purchase through your link, you get paid a commission.
8. Sell stock photos online
Photography is a service-based business that requires you to be present at events or photoshoots in order to make money. This can be exhausting, even if it‘s a lucrative venture.
Selling photos through sites like Shutterstock and Pexels can be a great way to make extra money online.
Even if you’re not exactly a professional, but you know how to take a good photograph, you can still make money selling stock photos. You don’t need much to get started, besides your camera, laptop, and editing software.
9. Be an Instagram influencer
You can make passive income if you have a somewhat large Instagram following by promoting other businesses’ products/services. You can also sell your own merchandise as an influencer.
10. Invest in stocks
If you’re knowledgeable on the stock market, you can start investing in ETFs and high-dividend stocks. It is such a great way to diversify your portfolio and create long-lasting wealth.
11. Rent out a spare room in your home
Do you happen to have a spare room in your home (say your kids traveled out for the weekend)? You can take advantage of the opportunity and make some quick cash by leasing it out through platforms like Airbnb.
Because Airbnbs are often cheaper than hotels, they have become such a popular choice for travelers. This means that there is a high demand to be a host.
If you have the capital, then you can also lease an entire house, furnish it, and then sublease the rooms.
12. Rent out your car
If you don’t plan on using your car for a while, you can rent it out using a service such as Turo.
You can also give out your car to Uber drivers who don’t have their own cars. Instead of driving all day, you can watch a Netflix series while they drive it, and then you split the income generated.
13. Loan money to peers
Are you looking for extra cash but it‘s just not working out? You might want to consider a side-hustle called Peer-to–peer lending. P2P lending is the lending of money to small businesses or individuals. You can use platforms such as LendingClub and Prosper to find people looking for loans.
These websites host loan requests and offer interest rates that are based on the borrower’s past. These loans usually return a rate of 5% to 6%, making it a fantastic side hustle idea for women.
14. Sign up to reward sites
If you’re addicted to buying things online then this one is for you! You can earn cashback from reward sites such as MyPoint, Swagbucks and Rakuten every time you shop online. The more you shop, the more money you stand to make.
15. Website flipping
Website flipping is the business of buying operational websites through platforms like Flippa, improving them by updating the layouts and adding more content, and then reselling them for profit.
You’ll need to have some web design/SEO experience to make the most out of this business idea.
16. Start a YouTube channel
If you are a long-term thinker who isn’t afraid to frontload your efforts, there‘s a huge earning potential through YouTube.
You can create a channel that focuses on any topic of your choosing. As your audience grows, you’ll be able to make money through ads, affiliate marketing, and sponsorships.
17. Invest in REITs
A REIT (real estate investment trust) is a company that manages and owns real estate, and allows smaller investors to pool their resources to make investments in a project.
The average annual return of REIT investments has been 9.5%, which is pretty decent.
It takes more than just upfront capital to get started. You also need to do some research on every project before investing.
18. Invest in small businesses
If you happen to have some capital but are not sure what to do with it, then you can invest in small businesses through platforms such as mainvest.com.
What are the returns? It all depends. Mainvest is able to offer you anywhere between 10% and 25% in return. The platform takes care of the vetting process to minimize your risks.
19. Rent out unused space in your home
Do you have some unused space in your home? You can rent it out as storage space to other people and businesses. This can be done safely and efficiently using storage rental platforms such as Neighbor, Peerspace, and StoreAtMyHouse.
Storage industry revenue is expected to reach $64 trillion by 2026. This isn’t an idea for passive income that will disappear anytime soon.
Storage rental platforms are a great way of avoiding liability. They offer safe payment options, contracts, as well as client information.
20. Sell NFTs
Non-fungible tokens (or NFTs) are unique digital assets that can be stored on a digital ledger. They are valuable because the asset that you store can be worth something. NFTs can be used for any purpose, including digital design, photography, music, and games.
It is quite easy to create and sell an NFT through sites like OpenSea.
NFT is still a new industry but sales have already soared past the $10 Billion mark. It’s not too late for anyone to enter the space.
21. Create a job board
An online job board is an excellent passive income idea for women. Employers often use them to advertise job openings.
You can provide premium services such as sponsored job posts and unlimited access to a pool of candidates. Once the flywheel is in motion and your job board has established itself with returning customers, you can expect a large portion of your income to become passive.
22. Create an app using no-code tools
It is amazing that anyone can now create an app from scratch using no-code tools like Appy pie, Adalo, and Bubble. So if you’ve got an idea for the next Uber, you can start working on it right away.
Apps can be monetized by charging a subscription fee, charging a fee for download, or placing ads.
23. Write an e-book
This is another fantastic side hustle for women who love writing. You can write e-books on any topics you’re well-versed in. For instance, if you’re into cooking then you could write a cookbook. If you’re into keto then you could write a keto guidebook. If you’re into fitness then you could write a workout guide. The possibilities are endless.
Kindle Direct Publishing makes it very easy to self-publish your e-books and gain access to millions of Amazon visitors. It’s such a great way to make passive income because once the book is published, you’ll be collecting commissions from its sales forever.
24. Invent something
You don’t have to be a genius to invent a product that solves problems people face. This is probably the fastest way to become a millionaire.
Think about the activities you spend most of your time doing, and then list down some common frustrations you face. For instance, if you love cooking but absolutely hate cleaning the mess you inevitably make..perhaps you could come up with a product that helps people like you make less of a mess while cooking?
The hardest part of an inventor’s journey is getting started. It is important to have a valuable invention that solves actual problems. To make sure that your idea isn’t already in use, check out the US Patent website.
Sites like Invention City or InventMyIdea will help you sell your invention. Depending on what deal you make, you could passively earn a portion or payouts from any income that your invention generates.
25. Do voiceovers
Do you frequently get complimented because of your voice? If so, then you should look into recording audiobooks and doing voiceovers.
26. Sell custom spreadsheets
Some people are natural spreadsheet wizards. If you happen to be one, you can use your skills to make a passive income by helping people create custom spreadsheets. You can find clients through freelancing sites like Fiverr.
