Passive income ideas in Kenya are a great way to make money while sleeping.
Do you always ask yourself these questions?
- How can I make 1000 passive income in a month?
- How can I make passive 3000 a month?
- What are some easy passive income ideas?
This article will provide answers by listing some of Kenya’s best passive income ideas.
What is Passive Income?
Before starting this list, let’s first understand what passive income is.
Passive income means you earn and get paid regularly without working on it (or putting in more hours).
Therefore, passive income streams in Kenya are ones that you earn with as little effort as possible.
Depending on how much work you put into it, it can range from a few hundred to thousands of shillings daily.
You make money once, and it keeps coming without putting in any extra effort.
Suppose this is you; congratulations! You have just discovered the secret to financial freedom and independence.
Passive Income Ideas in Kenya
Now that we understand passive income, let us get into Kenya’s list of passive income ideas.
1. Investing in the Nairobi Securities Exchange
The first passive income idea in Kenya on our list is investing your savings in the Nairobi Securities Exchange (NSE).
Here you can buy shares in companies listed on the Nairobi Securities Exchange, which means you buy a stake in their company.
Shares can either be public or private shares. Public shares are more common, giving you voting rights and dividends (a percentage of the profits), while private shares do not offer voting rights and carry no fixed dividend.
The NSE is the hub where stocks and bonds are traded in Kenya. This means you can sell your shares for a profit or loss, depending on how the company’s stock has been doing.
To get started with shares, you need to open a CDS account with a brokerage company of your choice. You will then need to transfer money into your account before you can begin buying and selling stocks.
2. Invest in Real Estate
Another passive income idea in Kenya is investing in real estate.
The primary reason is that real estate prices never go down, and they always appreciate it.
You can buy a house and rent it out or flip houses to take advantage of the appreciation in value.
There are many passive income ideas here since you can create multiple income streams from the same house.
For example, you can buy a residential house and rent it out while using the second floor as your place of business.
3. Earn Passive Income from Blogging
The internet has changed the way we do business in Kenya.
It is no longer difficult to reach out to your target market. You can create a blog and use it as an online shop.
If you are passionate about something, you can even teach others how to do what you do by starting a blog.
Blogging isn’t just about making money; it’s about sharing your point of view with the world.
It will take some time before you earn anything from blogging, but it is worth it.
For example, if you set out to create a blog about cooking and then share your recipes on that blog, in time, people will start viewing your site, and now and again, they might buy into what you are offering. This means money to you.
The key here is to build a relationship with your readers by offering them quality content and value.
4. Affiliate Marketing in Kenya, Kenya’s passive income idea, falls under the Internet or Network Marketing umbrella.
This passive income method requires you to promote someone else’s product and earn commissions from the sales made through your site/blog.
The product you promote can be a service or even information-based. You may also consider promoting other people’s products as an affiliate marketer and earn a commission from the sales.
Many affiliate marketers have earned a lot of money through this method. It all depends on how much effort you put into it.
This passive income idea in Kenya is perfect if you are freelancers or have the skills to sell online.
The first step would be to create your website, where you display samples of your work. You may also want to set up an account on freelance websites such as Upwork, Guru, Freelancer, or PeoplePerHour.
For example, if you are a graphic designer, you can create your portfolio website and post your services on these sites. Another option is writing online or creating videos that people will pay for.
Remember, the goal here is to offer value that other people will purchase through your site/account.
6. Online Taxi Business
With companies like Uber and Bolt, using your car as a taxi has become another passive income idea in Kenya.
All you have to do is get a driver and sign up with Uber or Bolt, and they will send you clients who need rides. Your driver picks them up, drops them off at their destination, and then processes payment through your phone.
You can also create your own taxi business and start making money from it passively.
7. Create an Online Course
Another passive income idea in Kenya is creating an online course.
This may seem like a lot of work, but you can sit and watch the money roll in with minimal effort once it is done.
Courses will always be relevant and highly sought after. People spend a lot of money on education because they know this will set them ahead.
8. Sell Digital Products
You can also make money online in Kenya by selling digital products.
This is the perfect passive income idea for writers. If you are an excellent writer, publishing books on Amazon can be your thing. You can publish non-fiction or even fiction books through Kindle Direct Publishing. If you aren’t much of a writer, consider creating an eBook for people who need help with a certain subject and sell it on Amazon.
9. Invest in Cryptocurrency
Cryptocurrency presents another passive income idea in Kenya that you can invest in to make money online.
You can invest in many cryptos, such as Bitcoin, Ethereum, Ripple. If you don’t know where to start, check out my beginner’s guide on investing in cryptocurrency.
10. Get an Online Writing Account and Hire Writers
This is another passive income idea in Kenya that I have to mention.
If you are good at writing, you can offer your services to people who need written content for their websites or blogs. Many online companies are looking for writers, and they will pay you to create original content for them.
The nice thing about this option is that it is scalable; you can hire writers to help with the content and generate money all at once. This is one of the passive income ideas in Kenya that I recommend.
Passive Income Ideas in Kenya Summary
Passive income ideas in Kenya are all around you. All you have to do is find them and go for them.
Just remember that the key here is consistency and quality. If you want to earn a living through your passive income idea, you must create something of value and consistently offer this value to other people to get paid.
This does not have to be complicated. You can make money online in Kenya by simply creating a blog or an Instagram account and using it to sell products, for example.
I hope this article has helped you realize that passive income ideas in Kenya are everywhere.