6 Best Passive Income Ideas For 2023 (How To Make $10k Month!)

6 Passive Income Ideas for 2023 (How To Make $10k/Month!)
If you want to earn 10,000 dollars a month without having to put in eight hours of work each day, then listen in…

I’m Chris Winter, and in this video, I’m going to tell you about six PASSIVE income ideas for 2023.

Passive income is the type of income that once set up — requires minimal work to earn and maintain.

There are SO many sources this income can come from, ranging from selling products online to old-school ways such as investing.

Please be warned though - setting up a passive income stream can take a lot of time, effort and hard work in the beginning BUT, in the long term, you can sit back, relax and watch your income build.

It gives you freedom and flexibility and you can often work from anywhere!

So let’s dive in, with the first passive income idea - selling digital products!

If you’re an entrepreneur or creative with a specific skill set you can share, then why not make some money from it?

A digital product is a downloadable or streamable file or product that media consumers can’t touch physically themselves.

Digital products offer high-profit margins as you only need to make the product once and then you can sell it repeatedly online - with no need to hire either a huge container to store the products or a studio to create even more.

There are so many digital product ideas you could look into.

Are you an artist, photographer or designer? Why not sell stock photos, sell online artwork, NFTs or designs?

Do you have talent or expertise in a specific skill set? Why not sell online courses or digital guides?

So, think about what skills you have and how you can monetize this as a product.

If you love writing, sharing ideas and talking about a specific subject or niche - this is the perfect passive income stream for you.

Setting up a blog is easy too as there are so many read-made website platforms out there where you can easily start uploading content from day one. And you don’t need any epic design or coding skills.

Once you’ve set up your blog, you can earn passive income through selling affiliate products, creating sponsored posts, selling your own products and running ads through Google Adsense.

To become a successful blogger, you will need to put in time and effort creating content - otherwise, your audience will be small and no one will be clicking on your adverts or buying affiliate products.

This isn’t a get rich quick idea, but with the right strategy and plan, you can easily make over $10,000 a month.

If you love what you’re writing about and sharing, then blogging will be more fun than hard work!

You could do something just like me! I’m proof that it’s possible to create a passive income stream from Youtube!

With Youtube, you’ve got to create content that people want to see and upload it via a consistent schedule. From this, you can earn money from sponsored videos to ad revenue. It’s similar to blogging, however, the focus is obviously on imagery instead of writing!

If you don’t have a way with words or videography but you still want to earn passive income from affiliate marketing, this idea is the one for you.

Affiliate marketing involves recommending a product or service to an audience. You earn a commission whenever someone uses your referral link to buy the recommended product or service.

This is a low-risk and scalable passive income idea. All you have to do is handle the marketing, while the brand itself develops the product and sends out the orders. An easy way to run an affiliate marketing business is to build yourself up as a social media influencer.


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I’m Chris Winter and on this channel I make finance videos on:
• Stock Investing
• Best Crypto To Buy & Invest In (Bitcoin, Etherium etc)
• Best Stocks To Buy & Invest In
• Best Online Stock Brokers
• How To Make Money Online
• Affiliate Marketing
• Passive Income
• Shopify
• Amazon FBA
• Print on Demand

On this channel I talk about the following:
#BestOnlineBusinesses
#MakeMoneyOnline
#Cryptocurrencies
#Bitcoin
#Shopify
#AffiliateMarketing
#MakeMoneyFromHome
#OnlineBusiness
#Dropshipping
#SideHustles
#SocialMediaMarketing
#PrintOnDemand
#PassiveIncome
#WorkFromHome
#PaypalMoney
#Investing

Affiliate Disclaimer: I am currently or have in the past been an affiliate for: VidIQ, TubeBuddy, ThriveCart, Teachable, ConvertKit, SamCart, MemberMouse, Mailerlite, M1 Finance, Bluehost, Amazon, Shopify, Elegant Themes, LeadPages, Express VPN, Nord VPN, AWeber, Podia, Skillshare, Clickfunnels, Wix, Squarespace