5 Passive Income Ideas to Make Money & Build Wealth in 2023

In this article, we discuss 5 passive income ideas to make money & build wealth in 2023. If you want to read our detailed analysis of passive income and its benefits in today’s world, go directly to read 25 Passive Income Ideas to Make Money & Build Wealth in 2023. 

5. Create an Online Course

Creating an online course is one of the best passive income ideas on our list. Marketing and promoting the course effectively, including using email marketing and social media, is essential to attract students. As enrollment grows, so does the passive income, as students purchase and enroll in the course without requiring the creator’s direct involvement for each sale. E-learning platforms like Udemy, Inc. (NASDAQ:UDMY) can help host and sell the course. The company was chosen as the top online coding course for the second year in a row, as per the 2023 Developer Survey by Stack Overflow.