As a working adult, you know very well that money is never easy to earn. You tend to sit 8 hours a day, do the hard job your boss has been paying you for, go home weary, repeat this routine every day, and look forward to the end of the month for your salary. This post will show you some of the Passive Income Ideas: Nine Ways To Make Money With Little To Zero Effort
Our parents used to tell us that money doesn’t grow on trees. But what if I tell you that you can earn extra passive income without doing anything?
This is what we call “passive income ” or “passive cash flow”. As its name suggests, passive income is the money you earn regularly with little or no effort on your part. Sources of income can come from a rental property, limited partnership, or any enterprise in which you are not materially involved.
So are you ready to earn extra money? Read on these nine tips and see what is best for you.
- Earn as you go shopping
Doesn’t it sound ironic? Over the years, credit cards and debit cards have been viewed as a tempting plastic that tolerates overspender’s wrongdoings. However, if you know how you use your cards well, you can benefit from its amazing perks.
You just have to use a rewards credit card (or debit card) for your purchases. If possible, choose a card with one of the highest cashback percentages. You’ll be surprised how you can earn a few hundred dollars at the end of the year with 1 to 5% back on your money just by swiping.
- Or simply by being a good credit card payer
Aside from using a rewards credit card, you can create a passive income just by becoming a good and responsible payer. For instance, if you owe $10,000 on your credit card on which there’s a monthly payment of 2% of the balance of $200, you’ll be able to rack up $2,400 per year in cash flow that would have gone to the payments monthly by paying the card off.
- Buy vending machines
People love snacks and once they are hungry, they won’t think twice about getting coins out of their pockets when they see a vending machine standing nearby. Investing in vending machines is ideal for people who wants to increase their income without exerting much time and energy.
To boost your income, you can have series of vending machines set up around local businesses in your area. The only effort you just have to put through is stocking the machine with items at least once a week.
- Sell old but interesting stuff on Ebay
Roam around your home and look for unused items you can sell then post the picture of them along with good descriptions on Ebay. The possessions that are currently gathering dust in the corners of your home might be a piece of treasure to consumers who are looking for cheaper deals.
If you don’t have any item to sell, you can still make money by selling other people’s items for them. Some owners might be too intimidated to sell, or they fear of not getting paid. This is where you can step in and agree to do it for them in return of percentage fees skimmed off the final sale price of the item.
- Make money by becoming a YouTube sensation
Gone are the days when uploading a video is merely a way to showcase how talented you are and become famous. Today, most internet stars are using video-sharing websites such as YouTube not just to reach their subscribers but make money online. Thanks to Google AdSense.
Firstly, you have to create compelling videos about any areas of interest: music, opinions or reviews, tutorials, etc, then upload them. Attach Google AdSense to the videos, which will overlay them with automatic advertisements for viewers to click. The key is to make the video interesting, gather subscribers, promote the video on social media sites, and create enough so your income will come from multiple sources.
- Get paid to answer surveys
Looking for ways to make your free time more productive and less boring? Well, instead of wasting your time viewing cat videos or playing video games, answer some online survey forms and earn cash. How well does that sound?
Swagbucks is one of the most reputable websites that pay for surveys. All you have to do is sign up, answer their 10-20-minute survey forms, earn points called SB and redeem those points for gift cards or PayPal cash. The application is available only in UK, US, Canada, Ireland, and Australia, but you can look for websites that offer paid surveys in your area. You just have to be careful in looking for legit survey websites.
- Create or buy a blog
If you’re passionate about something, don’t let your creative ideas rot inside your old cabinet. Create a blog and share your insights. The best part is you can make money out of it by maintaining a high web traffic. The more people you drive to your website, the higher the potential for advertisers to pay and work with you.
Aside from creating your own blog and starting from scratch, you can also buy an existing blog that may be abandoned by their owners. Buying a blog with both a reasonable amount of traffic and a demonstrated cash flow can be a perfect passive income source and it will be a lot better once you publish fresh content on it.
- Become an eBook author
If you think you’ve got a lot of knowledge about a specific topic, writing your very own eBook and making money out of it might sound like a good idea. Writing a book may seem tiring and time-consuming but once you have written the book and it goes into the sales stage, it transforms into a great passive venture.
You just have to sell your work to a publisher who will make the eBook look better and will pay you royalties for the distribution and sale of the eBook. You’ll get a percentage of each sale made and if the book is a hit and more people are willing to spend a few bucks to download it, the income can continue flowing in the succeeding years.
- Sell your stunning photographs and musical compositions
Instead of making your pieces get stuck in your hard drive, you might want to license them through some royalty-free websites that specialize in buying stock music or photos. You don’t have to be a professional in order to grab the opportunity. You just have produce images or music that other people might find useful and relevant.
Since your work can be used for commercial purposes, you can expect a sufficient amount in return. Depending on the quality and quantity of your pieces, you could have a profitable portfolio which translates into a healthy passive income on your part.
Like other young adults, Mina also experiences struggles in saving money, yet she finds a way to become a responsible spender. She shares her views on money issues by being a daytime writer for Speedy Money Payday Loans, an Australian-based business, providing short-term borrowing solutions.