If you’re on the lookout for low-effort ways to generate additional income, then passive income side hustles are your answer. These are the kind of side hustles you can set up and let them do their thing without too much input. While some, like getting another job as a door dash driver, require a lot of time and effort on your part, others, like affiliate marketing, require minimal effort outside of the initial setup of the links you want to share.

However, it’s important to note that not all passive income methods work for everyone. It’s beneficial to have as many as you can realistically manage. This diversity can help you support your income and boost your overall success.

Without further ado, let’s examine some of the best passive income side hustles for 2024 and beyond.

Affiliate Marketing

Most people are familiar with affiliate marketing on some level or have used affiliate links in some form. People with large audiences, be it for a business, a blog, or a social media account, can often find great success using affiliate links in their content. These links, such as a loan affiliate link, which directs people to buy specific products or services, don’t cost the consumer any extra. You get compensated for people clicking through and purchasing from your unique link, giving you the flexibility to earn income on your terms.

Online Courses

Now, the initial effort involved in creating an online course can be considerable. However, once the course is created and in the public domain, it requires very little else except promotion, most of which can be automated, reducing the time and effort involved.

The type of course you create will depend on your skill set and expertise; however, it can be on anything you deem relevant or have experience in. Whether you have qualifications or not, you just need a proven track record of success that will encourage people to purchase, i.e., testimonials. 

YouTube Content

Creating monetized content on YouTube is a great way to earn passive income. Monetized content refers to videos that have been approved for advertising, meaning you can earn a share of the revenue generated from the ads displayed on your videos. In the initial stages, you may need to create content as and when you have time; however, once it’s uploaded and in the algorithm, it can keep generating income for you without your input, besides having to create more content if and when you can.

You need to be careful about the 

type of content you produce, as YouTube has strict rules about what content can be monetized, and not all videos qualify. However, if you are skilled at creating video content, this could be a great option for you.

Drop Shipping

Drop shipping is an excellent, low-cost startup that can be a great passive income source. With the right partner for goods, high-quality products, and a provider who handles procurement, storage, and logistics, you can set up a reliable method of selling. As all sales go through your partner company, you don’t need to do much except update the website as you change product lines or scale the store. This method has the potential to significantly boost your income without requiring a significant amount of your time.