20 Passive Income Ideas for Young Adults

2. Dropshipping

IM Score: 58

With startup costs ranging between $100 and $200, it allows individuals to launch a business without the financial strain associated with traditional retail. This affordability is ideal for young people who may have limited capital but possess a strong entrepreneurial spirit. Moreover, the dropshipping market is expected to grow to over $1 trillion by the end of the decade which also indicates ample opportunities for young entrepreneurs to tap into emerging niches.