Passive Income Ideas For It Auditors [2024]

Updated: September 19th, 2024

As an IT auditor, you’re no stranger to the intricacies of technology and the digital realm. But have you ever considered turning your skills into a stream of passive income that works for you, even while you’re off the clock? With the ever-evolving landscape of 2024, there's never been a better time to explore the potential of passive income opportunities tailored for IT professionals.

Imagine leveraging your analytical mind and technical expertise to create revenue streams that bring financial freedom and stability. Whether you’re saving for a significant life goal, seeking greater financial independence, or simply looking to maximize your downtime, passive income could be your golden ticket.

In this article, we’ll dive into a variety of passive income ideas specifically curated for IT auditors. From automated online ventures to smart investments, these strategies can transform your spare time into a powerful financial engine. Let’s uncover how you can put your skills to work and build a more prosperous future, all while continuing to excel in your primary career.

1. Make passive income with a niche blog ($31.5K/month)

Here's the full list:

How much you can make: $100 — $650,000/month

How much does it cost to start: $650 (?)

How long does it take to build: 60 days (?)

How I Turned A Crappy Idea Into A $3M/Year Business

Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.

Read by 77,042 founders

2. Make passive income with a niche investment platform ($126K/month)

Here's the full list:

How much you can make: $2,000 — $600,000/month

How long does it take to build: 180 days (?)

How We Started A $40M Real Estate Investment Fund

Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.

Read by 13,234 founders

3. Make passive income with an online course sales business ($85K/month)

Here's the full list:

How much you can make: $100 — $300,000/month

How much does it cost to start: $2,000 (?)

How long does it take to build: 180 days (?)

I Make $120K/Year With My Print On Demand T-Shirt Side Hustle

A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.

Read by 11,985 founders

4. Make passive income with an affiliate marketing business ($77.5K/month)

Here's the full list:

How much you can make: $500 — $773,000/month

How much does it cost to start: $700 (?)

How long does it take to build: 60 days (?)

My Affiliate Marketing Business Earns $500K/Year Profit [No Employees]

This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.

Read by 24,536 founders

5. Make passive income with a niche website ($107K/month)

Here's the full list:

How much you can make: $400 — $250,000/month

How long does it take to build: 60 days (?)

How I Leveraged My LinkedIn Network To Create A $1.8M/Year Procurement Conference

DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.

Read by 3,584 founders

6. Make passive income with a payment app ($716K/month)

Here's the full list:

How much you can make: $1,000 — $2,000,000/month

How long does it take to build: 165 days (?)

How I Created A $60K/Month App That Collects In-Person Payments Through Stripe

Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.

Read by 23,429 founders

7. Make passive income with an ai based business solution ($55.8K/month)

Here's the full list:

How much you can make: $4,000 — $120,000/month

How long does it take to build: 125 days (?)

How We Launched A $120K/Month Audiobook Publishing Course

Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.

Read by 21,941 founders

8. Make passive income with an email marketing tool ($249K/month)

Here's the full list:

How much you can make: $120 — $2,083,333/month

How much does it cost to start: $1,000 (?)

How long does it take to build: 170 days (?)

I Built A SEO Tool That's Completely Free For Users [From Lebanon]

H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.

Read by 14,018 founders

9. Make passive income with a SEO & lead generation service ($60K/month)

Here's the full list:

How much you can make: $8,000 — $200,000/month

How much does it cost to start: $3,750 (?)

How long does it take to build: 90 days (?)

How I Started A $35K/Month Agency Specialized On Link Building

A link building company co-founded by Justas Markus has grown to make an average of $35k per month in recurring revenue with a focus on delivering high-quality services through manual processes and focusing on fewer markets.

Read by 14,394 founders

10. Make passive income with a lead generation tool ($108K/month)

Here's the full list:

How much you can make: $1,000 — $400,000/month

How much does it cost to start: $600 (?)

How long does it take to build: 90 days (?)

How I Created A $5M/Year LinkedIn Marketing Automation Tool

Dux-Soup is a LinkedIn automation tool that helps business owners and sales & marketing professionals generate more leads, increase efficiency, and save time; with over 70,000 users and revenue of nearly $5 million, it offers automated top-of-the-funnel LinkedIn outreach activities, targeted LinkedIn campaigns and multi-touch & personalized LinkedIn drip campaigns for lead generation.

Read by 8,885 founders

11. Make passive income with a wordpress plugin business ($33.4K/month)

Here's the full list:

How much you can make: $120 — $120,000/month

How much does it cost to start: $5,000 (?)

How long does it take to build: 120 days (?)

Time commitment per week: Min. 5 hours/week

How I Coded A Website Plugin Making $600 Per Month

Wheely Sales CEO Josh created a lucky wheel popup that has grown revenue from $0 to $600/month in just 4 months since getting started and has attracted over 1.1 million users to his customers’ websites, all while proving that when it comes to creating a product, competition is validation.

Read by 18,938 founders

12. Make passive income with a mobile app ($70.3K/month)

Here's the full list:

How much you can make: $1 — $500,000/month

How long does it take to build: 180 days (?)

We Started A $6M/Year Bachelorette Party App

BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.

Read by 10,955 founders

13. Make passive income with a software tool ($2.05M/month)

Here's the full list:

How much you can make: $23,000 — $10,000,000/month

How long does it take to build: 90 days (?)

How Two Friends Bootstrapped A SaaS Business To $55K MRR

Learn how two friends bootstrapped a SaaS business to $55k monthly recurring revenue (MRR) by creating a simple graphic design tool for non-designers and focusing on content marketing for customer acquisition.

Read by 21,358 founders

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.