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

4. Write an E-book

Earning passive income by writing an ebook involves creating a valuable digital product that can be sold repeatedly with minimal ongoing effort. For writing an e-book, writers should develop a compelling outline and write engaging well-researched content. After thorough editing and proofreading, design an attractive cover, format the ebook for digital publication, and publish it on platforms like Amazon Kindle Direct Publishing (KDP) or other ebook marketplaces. With consistent promotion and a quality ebook, writers can generate passive income as it continues to sell to their target audience.