Passive income is a great way of earning extra income, to complement and boost your current monthly cash flow.
It’s popularly known as a side hustle in South Africa.
So today I want to show you some of the best passive income ideas that really work right now.
Let’s get started.
What is Passive Income?
Passive income is when a person puts up a lot of work, time, and possibly money into an idea so that it pays you consistently in the future.
You’ll continue to get paid after the work is done with little to no effort.
It is important to note that some of these passive income ideas will require more time and effort to get them up and actively running.
But once set up, you’ll start enjoying the fruit of your investment.
Earn More With Passive Income
Below is a list of the top passive income ideas that are worth trying in South Africa right now.
Individuals and businesses today make a lot of money online with blogging than actually offering services to customers/clients
Basically, you create a blog, write relevant and comprehensive content, drive traffic, and sell advertising in a form of affiliates.
The most popular affiliate program used in South Africa is:
Give them a try and enjoy the benefit of extra income each month.
If you do it right and work harder, then blogging will take care of you, your entire life.
Here’s a list of successful bloggers that share their monthly earnings.
2. Real Estate Investment
This type of passive income opportunity is going to require a lot of capital however if you build up your portfolio right, trust me, the benefit that comes with properties is just priceless.
Start by buying your first property at an early age but don’t stay in the house, rent it out for income. A property can only become an investment when it’s giving you returns.
Set up your own YouTube channel and share unique and helpful videos subscribers will love to watch. You’ll need to grow subscribers for your channel to start earning passive income with YouTube.
It’s going to take some time to build such a channel however if you focus and pay attention, learn ways to improve your YouTube channel, you can make a living out of the platform. Note that YouTube is the most viewed social media platform in the world per day.
Watch this video to learn more.
4. Share a Ride (e-Hailing)
If you own a car that’s in good condition, join any of the popular e-hailing companies in South Africa,
You’ll earn a commission when people share a ride in your car.
You could make between R6 500 and R8 000 per week if you put in the hours of trips.
Register as a driver and start enjoying the experience of e-hailing in South Africa.
You would be one of many who make extra income in South Africa with Uber and Bolt.
It’s another great investment to get your cash flow moving.
5. Peer to Peer Lending
This method is widely used in South Africa, here you will lend money to individuals struggling to access finances with big institutions such as banks.
You have the ability to choose who to borrow money to, obviously not family because they will always give you problems.
The people you choose to work with will in the end minimize your risks and help you reach more customers.
The way it works is very simple, you borrow me and my friends R500 and we pay you back interest each month, that would basically be your passive income. You can earn up to 8% of your initial lending amount as an investment.
6. Network Marketing
There are a couple of companies in South Africa that helps people make extra income every month by selling already good quality products.
Businesses such as Avon, Forever Living, Amway, and so on, gives people the opportunity to make thousands of rand each month however only the hard-worked get rewarded.
If you invest a lot of time and effort into the opportunity, from whichever company, network marketing can give you all the financial freedom you want, you can work full time from work, on your own terms, flexible hours, and so on.
7. Advertisements On Your Car
There are opportunities in South Africa that could help you passive income with your car.
Marketing companies will print brands on your car to expose that brand to a wider audience. And for that exchange, you can make up to R4,500.00 depending on the agency and your location.
Try the following agencies:
And each agency has minimum vehicle requirements and your commitment to bringing success to the brand advertised on your car.
You may also be required to share the brand on your social media profiles.
8. Social Media
Social media platforms such as Facebook, Instagram, and Twitter are the biggest advertising agencies in the world.
And you can also make money with a good strategy on social media.
If you have a good following, you can promote certain brands to your audience and get paid. It’s the most organic way o monetizing your social media platforms.
Facebook offers these monetization opportunities you can apply for out of the box and start earning income.
You can start having ads play on your videos and Facebook will pay you a share of the commission.
You can also boost and promote other businesses directly from your profile and get a commission from those advertised companies.