7 BEST Online Passive Income Ideas (2023)

Many creators feel overwhelmed by the thought of starting an online business. The fear of needing extensive experience or a significant budget often holds them back. Others worry about the time it takes to create their first product, imagining it could take months. These concerns can be paralyzing, preventing talented individuals from sharing their knowledge and passion with a broader audience.

The good news is, generating passive income online doesn't have to be complicated or time-consuming. One of the most effective ways is through a YouTube channel. You don’t need extensive experience or money to start, and even with minimal subscribers, you can begin earning through ad revenue and sponsorships. Selling digital products is another simple yet powerful strategy. You can create a basic product in just a couple of days if it solves a real problem for your target audience. There are also various platforms like Etsy or Envato Elements where you can sell templates, making passive income achievable even without a YouTube channel.

You are not alone in this journey, and you don’t have to struggle. I am here to help you, and I have a solution.

I'm Ross, a creative entrepreneur and founder of Flat Pack FX & Up Start Creatives. Over the past few years, I’ve built a YouTube community of over 130,000 creators and sold over 7,000 digital products and online courses. My goal is to help creatively minded people like you generate passive income online. This leads us to the next part.

Here are three benefits you’ll gain from using the strategies mentioned:

First, creating digital products that solve specific problems can start generating income quickly.
Second, leveraging platforms like YouTube for ad revenue and sponsorships doesn’t require a large following to begin earning.
Lastly, selling templates and utilizing affiliate marketing can diversify your income streams without needing extensive resources or experience.

To get started, consider these three steps:

1. Identify a problem your target audience faces and create a simple digital product that solves it.
2. Use platforms like YouTube or Etsy to promote and sell your product.
3. Lastly, explore affiliate marketing to recommend products you believe in and can confidently share with your audience.

If you want to dive deeper into creating your first digital product, watch my complimentary mini workshop, “Creative 5 Day Roadmap to Generate Your First $500 Online,” below. I’m excited to see what you create next!