Are you looking for passive income ideas in Pakistan? You've come to the right place.
In this blog post, we will discuss some of the best ways to create passive income streams in Pakistan. Whether you're looking to make a little extra money on the side or replace your current income altogether, there are plenty of options available to you. So let's get started!
Earning a continuous income stream is the dream of many entrepreneurs. However, finding passive income ideas that work can be challenging.
If you're looking for some creative options to get started, check out these thirty proven passive income ideas in Pakistan.
Each method offers a unique way to make income from business while you sleep or focus on other activities. So, if you're ready to create some additional revenue streams, give one of these ideas a try!
Our experience is that adding passive income sources to your portfolio will help you make more money and achieve your financial goals more quickly. For example, investing your time and efforts with Markaz can help you achieve your financial and non-financial goals.
But you should first know what you want in order to start generating passive income. Let’s take a look at the top passive income ideas in Pakistan to get started.
What is Passive Income?
Passive income is defined as active unearned revenue that requires minimal effort to earn and keep. Investing in mutual funds, selling things online, teaching online classes, or other side hustles that don't require the worker to engage full-time are examples of passive income opportunities.
It's easy to get money without doing any work at all with passive income. You'll be able to save money without investing alot. This can make you feel more secure about your financial future and less stressed when you aren't forced to exchange your time for money.
Look into the following types of income techniques if you run a service and wish to cease traveling for hours or are a product firm looking to add income sources that don't involve the hassles of transporting raw material.
Passive Income; Types of income
There are many types of passive income, but some of the most common passive income ideas in Pakistan include rental income, royalties, and earnings from equity investments.
- Rental income is generated by renting out a property, such as a house, an apartment, or land. The owner of the property collects rent from the tenants, and the income is considered passive because the owner does not have to actively do anything to earn it.
- Royalties are payments made to someone in exchange for the use of their intellectual property, such as a patent or copyright. The owner of the intellectual property grants permission to others to use it, and they receive regular payments in return. This type of passive income can be very lucrative if the intellectual property is valuable.
- Earnings from equity investments are profits that are generated from owning shares in a company. The investor does not have to do any work to earn this income from business, but they do take on the risk that the value of their investment could decrease. Over time, equity investments can provide a significant source of passive income.
30 Best Passive Income Ideas in Pakistan
When you're working for someone else, your earnings are limited to what you're paid and when. But you don't have those restrictions when you're making money on your own. You can make more money than ever before with these passive income ideas:
1. Start A Dropshipping Store
Dropshipping is a great method to start making money from home, no matter where you are. A few drop shippers have reported profits of more than $100,000 per year. Dropshipping is not a get-rich-quick scheme but demands some upfront work commitment.
Consumers can explore and purchase items through an online store built around this business model. You don't have to view things when you sell drop-shipped physically.
2. Create A Print-On-Demand Store
Print on demand is a great way to make money while you sleep if you're a designer, artist, or entrepreneur. Working with suppliers to customise white-label products like t-shirts or posters to sell on a per-order basis is an important part of this process.
In the same way that dropshipping works, you only pay for the product once you've sold it to your customers.
It is possible to manufacture and sell things in a matter of minutes. Your supplier is in charge of shipping and fulfilment.
3. Sell Digital Products
Products that customers can't physically interact with are called digital products. For example, Kindle novels, templates, plug-ins, and PDF documents can be downloaded or streamed.
Because of their huge profit margins, digital products become excellent sources of side income. Creating an asset just takes a single investment, and you can resell it online indefinitely. There is no need for a warehouse or inventory.
4. Teach Online Courses
More than ever, teachers can make money by selling their courses online. You don't have to be an expert in these fields to start selling courses and making money.
Teaching online necessitates an initial time commitment. As a teacher, you must outline your class, record it, and create downloadable tools like students' templates.
5. Become a Blogger
Starting a blog might be daunting, but the blogging business model is only growing in popularity as a way to earn money without doing any work.
You no longer need to be a household name to make money online. Simply locate your audience on one or two social media networks, then direct them to your website.
The process of creating a blog is time-consuming. Quality content and promotion on your platforms will help you grow a following large enough to earn money from.
6. Rental Properties
One of the best ways to generate a steady monthly income is to invest in an income-producing property.
On the other hand, the internet has simplified purchasing rental properties.
You can invest in rental homes in various ways depending on your aims and interests. In addition to becoming a landlord, you can also be a limited partner in large residential or commercial properties, all from the comfort of your own home!
7. Run An Affiliate Marketing Business
In affiliate marketing, a product or service is promoted to a target audience by suggesting it to them. You get a commission if someone clicks on your referral link and purchases the recommended goods or service.
As a result, it's a growing business. The affiliate marketing sector is expected to reach $8.2 billion by 2024, according to Statista.
8. Write an e-book
An e-book is an excellent way to take advantage of reduced publishing costs and even Amazon's worldwide distribution to get your work in front of millions of prospective readers.
Although you'll need to be an expert on a specific subject, you may choose one that calls for specialized skills or abilities that few possess but that many readers desire and desire to learn more about.
9. Selling Stock Photos
When it comes to your favourite websites, blogs, and publications, do you ever wonder where the images come from? In most cases, these images are purchased from stock photo sites. Each time one of your images is purchased by a customer on a stock photo site, you will earn a commission.
DepositPhotos is one of the most popular stock photo markets. You can upload your images and get paid for each time one of them is used.
10. Affiliate Marketing
Website owners, social media "influencers," and bloggers who use affiliate marketing promote a third party's product by providing a link to it on their site or social media account. eBay, Awin, and ShareASale are well-known affiliate partners, while Amazon is the most well-known. Furthermore, social media platforms such as Instagram and Tumblr have grown in popularity for individuals who want to build a fanbase and promote their products.
In promoting your blog, you may also use email marketing to help you connect with potential customers.
11. Become an Instagram Influencer
One million dollars: That’s how much Dwayne “The Rock” Johnson makes per Instagram post. While you may not have chiselled abs or over 200 million social media followers, you can still earn passive income on Instagram as an influencer.
To become an Instagram influencer who can sway another person’s buying decisions, you’ll need to build a community of people who enjoy similar topics.
12. Licensing Music
When someone uses your music, you can license it and get paid a percentage of the royalties. YouTube videos, ads, and more frequently used music licensed on the internet.
There is a greater demand for music than ever before, and people are prepared to pay for it because of the proliferation of YouTube videos and podcasts.
13. Create an App
If you have a smartphone or tablet, you're likely to have several apps installed. Have you come up with a brilliant concept for an app? Hire a programmer to construct your app and resell it on the App store.
14. Rent Out Your Car
Passive income isn't limited to renting out your spare room. Turo, for example, allows you to list your automobile for rent. To make money while driving around town, you can sign up for platforms like Carvertise or Wrapify.
Look for someone who needs an Uber or Lyft car as an alternative. You can watch Netflix while your car does the work for you when you're not driving.
15. Network Marketing
Multi-level marketing, often known as network marketing, is on the rise. It's not uncommon for MLM firms like Oriflame and Forever Living Pakistan to operate on a multi-level marketing model. Network marketing is a great way to create passive income since you can build a team around you (often referred to as down the line.) It is possible to earn commissions from your team's sales.
16. Create an App
Creating an app could be a way to make that upfront investment of time and reap the reward over the long haul. Your app might be a game or one that helps mobile users perform some hard-to-do function. Once your app is public, users download it, and you can generate income.
Opportunity: An app has a huge upside if you can design something that catches the fancy of your audience. You’ll have to consider how best to generate sales from your app. by downloading the app.
17. Sell Your Videos
Take out your phone and press "Record" if you're always surrounded by drama and excitement. If you do, you may be able to earn some more money in the future. In light of the most recent video marketing figures, you should be able to locate a large audience for your videos.
Why? Because a news outlet would pay good money for such a video. It's possible to earn money from the video for weeks, months, or even years, depending on its success.
18. Design T-Shirts
Selling personalized T-shirts on websites like Cafe Press is a great source of passive income. You can potentially earn royalties if your design is successful in getting people to buy your products.
19. Buy and flip websites
Are you familiar with building e-commerce sites? Selling and reselling your products could generate a steady stream of revenue.
You'll probably have to make some money (to prove that your store has potential). Your website could be sold as a pre-built eCommerce store, provided you have excellent design abilities and can populate it with relevant information.
20. Cashback Sites
You should use a cashback site that works just like cashback rewards cards when shopping online. Failure to do so will result in you losing out on easy money!
Savyour and JeetoPakistan App are two of the most popular websites in Pakistan.
Before making a purchase, simply sign in to the site and click the link to earn the cash-back percentage offered by the site or, in other cases, win games and solve quizzes to earn a prize. It's that simple.
21. Start A Youtube Channel
YouTube is a passive revenue source that never stops. You can earn a consistent income through your YouTube channel with sponsored videos and ad revenue.
A long-term program of constant video creation is the key to building a successful YouTube channel. Make certain that each video you submit is well-made and appealing to viewers.
22. Sell NFTs
There are two types of tokens: non-fungible tokens (NFTs) and fungible tokens (FFTs). NFTs are a great way to store important assets. In addition to digital graphics, photography, music, games, and GIFs, you can also create NFTs.
An NFT is quite simple to make. OpenSea, for example, allows you to register an account and track the minting process in detail (which involves some additional gas fees).
23. Create a Job Board
You can make a lot of money by running a job board as an online entrepreneur. Employers use these sites for advertising job openings to job seekers.
There are several ways to find new employment prospects online and face-to-face. You can charge employers to publish on your job board and offer premium benefits like sponsored jobs and unlimited access to your candidate database.
24. A Bond Ladder
A bond ladder is a collection of bonds with varying maturities that are held for several years. It is possible to reduce reinvestment risk by using staggered maturities. This is the danger of reinvesting your money when bonds pay too little interest.
25. Create No-Code Apps
The benefit of today's no-code platforms is that anyone can construct a simple to the powerful app.
This sector saw 218 billion downloads in 2020, thanks to platforms like Appy Pie, Adalo, or Bubble.
Start by deciding if you want a mobile app or a website. Additionally, monetization must be considered when developing the app's concept.
26. Licensing Music
When someone uses your music, you can license it and get paid a percentage of the royalties. YouTube videos, adverts, and other media forms frequently include music licensed for use.
27. Advertise On Your Car
Drive your car around town, and you may be able to make some additional cash. If you're a good fit for one of their advertisers, the advertising firm will "wrap" your automobile for free with the relevant advertisements. Drivers must have a clean driving record, and agencies prefer a new car.
28. Social Media Management
This is a type of freelancing that you could do. Social media marketing is not a priority for many small businesses and startups. They don't always want to invest in hiring an in-house employee to investigate work on this facet of their company.
29. Transcription Jobs
Transcription is another task that allows you to work from home without requiring a substantial understanding of the subject matter.
An audio file will be provided to you, and you must record it in writing form. These may come from several fields, including the medical, legal, or general categories.
30. Sell Graphics Online
As more and more websites are launched each day, the demand for skilled graphic designers will only grow. Online marketplaces like ThemeForest and 99designs can help you make money from your designs.
Logo design, branding resources, templates, and graphics are all options. You'll be able to sell your designs immediately because there will be a ready market for them.
Passive income is a great way to boost your earnings and bridge the gap that your 9-to-5 work can't.
The passive income ideas in Pakistan on this list can assist you if you're trying to establish an additional source of income to secure your financial future and maximize income from businesses.
At Markaz, we are working hard to supercharge the social commerce rails in Pakistan. Our platform allows resellers to earn upwards of Rs.25,000 as we organize Pakistan's best suppliers and reseller community. Increase your passive income from the comfort of your home.
Contact us to learn more.