Having a passive income means earning money without having to actually do anything. It’s a dream for many people and something that the super-rich do without even noticing. 

But, the good news is that, even if you have no money, you can create a passive income! What you will need are time and dedication.

Create A Product

The simplest way to start earning a passive income is to create something that you can sell. This is much easier today thanks to the power of the internet. 

The main reason for this is that social media allows you to talk to thousands of people in seconds, even if they’ve never heard of you before. Of course, you’ll need to have created a good product and have a good sales spiel to turn these people into customers.  

It’s best to focus on an informational product, such as writing an e-book, selling photos, or something else that you can create once and sell multiple times. Avoid physical products as you’ll need research and development, testing, packing, and other processes that will cost you money you don’t have.


It’s worth noting that if you do have a fantastic idea for a physical product you can raise the funds you need for research and product creation through crowdfunding. This is where people purchase your product for a discounted rate before it’s ready to sell.

You’ll need to convince them it’s worth investing in!

Start A Blog

Another simple approach s to start a blog. You’ll need a website and to make regular posts, sharing stories regarding things you know should make it easy to create short posts every day. Over a period of time, you can build followers. 

You then add advertising to your blog which generates funds for you without you having to do anything.

Be A Consultant

A great way to develop a passive income is to become a consultant online. This means taking the knowledge you’ve already gained in a specific field and sharing it with others at a cost.

In effect, you can create a private webpage. People pay to join your site and gain access to all the documents that can help them. You’ll have to prepare the documents first but, after that, you should need to do very little to keep the money rolling in.

Save Your Funds

One of the best ways of getting a passive income is actually through a high-interest savings account. Check out the best savings accounts and sign up for one today. You may have nothing at the moment but as you start to earn you’ll be able to save and, ultimately, earn interest on the money you have. Interest is another form of passive income. 

Final Thoughts

It’s imperative to remember that creating a passive income with no money takes time. You’ll need to create your information product and attract followers in order for them to purchase it. Over time your customer base will grow and you’ll potentially generate a significant income.