Find out how much passive income you can make: the guide!

Knowing how much passive income you can make per month can be very helpful before creating a passive income stream. We’ve taken a look at the most popular passive income ideas and broken them down to help you understand how much passive income they can generate per month.

How much do bloggers earn?

On average, 46.34% of bloggers earn $100 per month, 26.96% of bloggers earn $500 per month, 19.94% of bloggers earn $1,000 per month, and 6.74% earn a full-time income between $3,000 To more than $7,500 per month according to Income School.

Project 24 by Income School is a community of new and seasoned bloggers working to generate passive income online. Here are the details of how much its members are currently earning:

Income School recently conducted a study on the average monthly passive income earnings you can expect to make from a well-earning blog for posts that are at least 8 months old. Here are the results:

There are many ways to make money from a monetized blog and Project 24 is a great place to learn how to do it. They teach how to monetize a blog through affiliate marketing, by selling information products, with passive advertising, YouTube, and more. Definitely check out Project 24 if you’re looking for a step-by-step method on how to make passive income.

How much can YouTube make?

On average, YouTube users generate advertising revenue of $2-$5 per 1,000 views, so a channel with 100,000 views per month could generate $500 per month. Creators often supplement their income on YouTube through memberships, affiliate marketing, sponsorships, donations, and other revenue streams that can generate thousands of additional dollars per month.

How much YouTube ad revenue a YouTube channel earns depends in part on the topic, niche, target geography, ad types, video length, and number of ads viewed. Some channels earn more than the average $3 to $5 and can make $20 to $50 per minute (return per mile, or revenue per thousand views), due to the high perceived audience value to advertisers.

In recent years, YouTube has made the rules for applying for the stimulus more stringent, including a commitment to get 1,000 subscribers and 400,000 hours of watch time in 365 days. But things are looking bright. According to YouTube, the number of channels:

• YouTube’s annual revenue rose by six figures by more than 40% year over year.
• YouTube’s five-figure annual income is up more than 50% year over year.
• With over 1 million subscribers, the growth rate has increased by more than 65% year-on-year. (source)

For example, the RPM for a gaming channel could be $3 with a broad, global target audience. While a niche tech channel intended for US-based viewers can earn $25 CPM. Advertisers are willing to pay more for target audiences in the geographic areas they want to focus on. Learn more about how to make money on YouTube in our guide or with Project 24.

What is the quantity that can be printed on demand?

As a rule of thumb, you can make $500 a month from print-on-demand sales if you sell 20 items for a profit margin of $25. Some merchants advertise making up to $10,000 per month in sales using the print-on-demand business model.

From Podcasters to YouTubers, Instagrammers and business owners, print on demand is an excellent way for influencers to monetize their audience. We love Printful for print on demand!

However, the table above does not take expenses into account, and they can be high depending on where you sell online, payment processor fees, and more. It is important to monitor these expenses to make a profit. Learn more about making passive income with print on demand in our guide.

How much do audiobook narrators make?

On average, audiobook narrators make between $10 and $50 per hour per narration for authors and publishers. Once established, audiobook narrators can earn between $100 and $500 per hour. Self-publishers can generate an additional passive income stream by narrating their own books.

The audiobook market is booming as audiobooks grow in popularity, as more and more people spend less time reading. Many people prefer to listen to an audiobook on the go rather than read a physical book, or an e-book on a mobile device. Although most listen to audiobooks in their car (74%), others like to listen while doing less cognitively demanding tasks like cleaning (source).

You can narrate audiobooks by new and established authors for an hourly rate, or create and narrate your own content for passive income. If you want to get paid by the hour, you can consider offering your services on Fiverr. If you want to make passive income from audiobooks, check out our audiobook guide.

How much can a laundromat make?

According to Brian Wallace of the Coin Laundry Association, a laundromat’s gross annual income can range from $30,000 to $1 million with expenses ranging from 65% to 115% of gross income. Laundromat owners can supplement their income by offering convenient on-site services such as delivery services or vending machines.

However, compared to other passive income ideas, the laundromat idea is not a cheap idea to get started. Online passive income ideas (blogging, copywriting, podcasting, domain name flipping, etc.) don’t cost much to start compared to a physical business like a laundromat.

according to chron.comStarting a laundromat can cost anywhere from $200,000 to over $1,000,000. Actual cost depends on factors including commercial space, location, business establishment, facilities and customer supplies.

If you choose to purchase and renovate an existing laundromat, it could cost upwards of $200,000 depending on your location, amenities, and current state of the business (source). With such a large initial investment, it is important to consider whether this business is right for you before starting. Learn more in our passive income laundry guide.

How much can an ice cream truck make?

On average, ice cream trucks make $2,500 per month with $5,000 in sales and $2,500 in expenses according to a survey by FoodTruck Empire. Factors that affect how much money an ice cream truck can make include seasonality, frequency, number of significant income days, and costs.

Owning an ice cream business can be very exciting, but it also requires a large upfront financial investment and ongoing fees. For example, you will have to account for the truck, inventory, proper refrigeration, necessary licenses and permits, as well as insurance and employees. All things considered, starting an ice cream truck business can cost as much as $10,000 to $30,000 in the beginning. (source).

Learn more about how to make passive income from an ice cream truck in our Ice Cream Truck Passive Income Guide.

How much can a car wash make?

According to a former car wash owner, a self-service car wash can net about $50,000 a year, or just over $4,000 a month if the owner owns the land and business. Americans spend approximately $5.8 billion annually on car wash facilities, and $6.34 is the average price for a car wash within the Gulf.

However, starting a car wash business can be very expensive, with costs ranging from $80,000 to build and outfit each area to more than $1 million to finally open. The total cost of a self-service car wash business will be determined in part by equipment type, brand, and location, among other factors (source).

Therefore, you need to decide if this business is right for you (especially regarding your financial situation) before starting. Learn more about making passive income with a self-service car wash in our guide.

Related questions

Who are the richest YouTube users?

Some of the richest YouTubers include: Jacksepticeye, VanossGaming, Markiplier, Jeffree Star, DanTDM, Jake Paul, Ryan ToysReview, and PiewDiePie. The richest YouTubers make over $1 million a year from advertising revenue alone, but they also generate income from brand deals, affiliate offers, and more.

How much do top YouTubers make?

In total, the top 10 YouTube channels earned $162 million between June 2018 and June 2019. They made about $181 million in 2020. According to SocialBlade, Piewdiepie makes an estimated $2 million annually, and Ryan’s World makes $36.5 million annually On YouTube ad. profit.

How much do Uber drivers make?

On average, Uber drivers earn about $10 to $20 per hour after expenses like gas and car maintenance. So drivers would need to offer about 25 rides at $20 each to earn $500 per month. Some drivers can earn up to $2,000 a month through Uber’s ridesharing service.

How much do Twitch streamers make?

On average, Twitch streamers earn $2.5 per active channel subscriber. As a rule of thumb, a channel with 2,000 subscribers can make $5,000 a month from video ads alone. Twitch channels can also earn money from donations, sponsorships, and affiliate partnerships.

How much do TikTokers make?

On average, Tiktok influencers who use the Creator Box earn between $0.02 and $0.04 per 1,000 views, so a video with 1 million views could earn $40. However, the majority of top TikTok influencers make their money from sponsorships, affiliates, and brand deals at $20,000 to $50,000 per post.

How much do Instagram influencers make?

On average, Instagram influencers can get brand deals worth $10 per 1,000 followers once they reach 100,000 followers. So, an Instagram influencer with 1 million followers can make $10,000 per post through sponsorships, affiliates, or brand deals.

(source)

Learn more about making passive income with Uber here, making passive income on Twitch, and making passive income as an influencer here. We also have 50+ passive income ideas on our site.