Manage social media for businesses. If you have a knack for social media, you could potentially get paid to manage various platforms for others. Many businesses are too busy running day-to-day operations to stay on top of their Facebook, Twitter, and Pinterest accounts – and will pay someone with the knowledge and time to do it for them. To find these jobs, ask local businesses and check sites like UpWork.com and Problogger.net.
Leapforce is always looking for people for this work at home role. Their Search Engine Evaluators “conduct research, evaluation, and feedback on search engine results by measuring the relevance and usefulness of web pages in correlation to predefined queries, by providing a comparative analysis of sets of search engine results and various other techniques.”
But don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens', Royal Day Out in London, England—where she gives visitors a local's only tour of the city, complete with bespoke 18th century costumes.
Roofstock – Investing in rental properties is one of those passive income ideas that can be extremely intimidating, especially when it comes to finding tenants. Roofstock lets you buy properties with as little as 20% down that already have tenants living in them. That means you start getting paid from the first day of your investment. You don’t even have to physically visit the properties!
What does that mean for you? It means Nielsen will pay you $50 a year to keep their app on your favorite internet browsing device. The app itself collects statistics on your internet usage anonymously, so you never have to worry about any data being linked to you. And the best part is, the app takes up barely any space and doesn’t slow down your phone or tablet at all!
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
CIT Bank offers an interest rate of 1.85% on money market accounts — more than 15x the national average. Just like with a checking or savings account, your money is FDIC secured, there are no monthly service fees, and you can access your funds any time. All you need is $100 to open an account and start earning more money on the cash you already have.
Im wanting to invest in some sort of real estate investment, to make a passive income and starting with 300 to 1k but im wanting to start making money, like at least 400 to 700 a month and i know there’s 100s of ways to make money, in real estate. But can you please suggest a real estate investment, for beginners and where i could starting earning at least 500 a month, as that’s got to be something and im not looking for yearly income?!
Ask for a raise. If you’re unhappy with your compensation at your 9-5 job, asking for a raise is one way to beef up your bank account. Most employers offer an annual review of your work – which could be the perfect time to negotiate a higher salary or ask for better perks. If your employer doesn’t offer such an opportunity, it might be time to initiate a review yourself.
I really like the idea of writing poorly written ads. It seem like it can be easy and you can make a small profit. I know that use to work at a school and we got our extra money from writing grants. People can write grants to start a business so I am in the process of trying to write my own grant to start a community program for teens. its a litte extra money and I still get to do what I love. If you have any kind of hobby you can prob. turn that into some income if you can get creative. Good luck
“The biggest surprise is real estate being second to last on my Passive Income Ranking List because I’ve written that real estate is my favorite investment class to build wealth. Real estate doesn’t stack up well against the other passive income sources due to the lack of liquidity and constant maintenance of tenants and property. The returns can be huge due to rising rental income AND principal over time, much like dividend investing. If you are a “proactive passive income earner” like myself, then real estate is great.”
Channel your inner minimalist and get rid of all those dusty DVDs or CDs on your entertainment stand or in boxes under your bed. And make the whole process easier with Decluttr. You can scan the bar codes of items you don’t want anymore and see how much money the company will give you. Instead of waiting around for a buyer to maybe purchase your item, the company itself will buy your items outright. See ya later, Godzilla DVD.
Webinars On Air is a powerful webinar tool that will enable you to create professional webinars for your viewers. Harnessing the power of Google Hangouts, this all in one solution will take care of all the technical aspects of hosting a webinar, including payments. Also have a look at our guide to the best webinar software, both free and paid options.
This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few bucks. I want to share all the mistakes I've made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
28. Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
There are so many investments that it’s tough to know what a safe and reliable on is. Personally, I recommend index funds for this. An index fund invests in many of the largest 500 companies in America. Over the last 100 years, and the last 20 years, and the last 10 years, you’re very likely to see a return of about 9 or 10% after fees. These are much safer investments than buying stock in an individual company.
Similar to writing reviews, you can become a freelance writer and make extra money writing articles and website copy. While you don't have to be a professional journalist to write for a website, it helps if you've blogged or had your own website where you blog regularly. Even better is showing that you have some experience in the niche in which you're trying to find a job.
Infographics are currently an extremely popular type of media. An infographic showing information or data in an interesting and fun way can help engage an audience and generate numerous likes and shares. As infographics take more time to create than just simply uploading an image, busy website owners are prepared to pay for custom infographics. And don’t worry, an infographic can be created using simple design software such a Canva. So extensive graphic design skills are not necessary, just a creative eye.
What are your thoughts on an Immediate Annuity as a passive income vehicle? I suppose it’s not a great investment since you never get your principal back, but the risk is zero and the cash flow is fairly good, approaching 6% currently. And, since you are guaranteed payments for life, you may not care that you never see your principal again anyway since you’ll be dead!
Creating a membership site is a powerful way to generate online income and scale a service-based business. By having members pay a monthly (or other periodic) fee to get access to a password-protected area where exclusive content is made available, you can transform a site into a RECURRING income-generating business and bring a regular flow of income from the same customer base.
For example, donate to the American Red Cross, Sierra Club or Women for Women International, and earn 10% to 30% of that tax-exempt donation back in the form of an Amazon gift card. You can then donate that cash back to other charities, purchase items to donate to your local homeless or animal shelters, or simply use it to help feed your own family that month.
And real estate does more than just track inflation – it throws off income (which is important to some people and useful to most). And while your underlying asset is appreciating, the income also grows as rents increase over time. And if you make smart and well-timed purchases, both rents and asset values can increase at well above the rate of inflation.
Yes, your question about how much babysitters or nannies make? Well in NYC, going rate is 15-16 per hour. And can go up to 20-30 an hour.We negotiated a flat rate per week with our nanny. It can be lucrative to make extra money. Pet sitting is also expensive. Some pet sitters can make 20 and hour also. Dog walkers also make some decent money, especially in NYC. I really had no idea how costly it could be until we had a baby and started doing research!
You can find dividend stocks using Google Finance Stock Screener which is free to use. Set the search criteria for the P/E Ratio, and Dividend yield (shown as a percentage) criteria. You can set minimum and maximum values; in the dividend yield box, set it between 2 and 100. This will search for stocks that pay dividends worth between 2-100% of the current stock price.
Or you can take dog walking a step further and get paid to take a dog in while the owner is away! Have you ever checked to see what it costs to board a pet? Those places are not cheap! Do some research and charge 10 – 20% less. Post your ads on Craigslist or around town. But don't expect people to just leave their loved one with a stranger. Make sure you offer your references and that you have all their necessary information if Fido gets injured or sick. Rover can help you here, too – Become a Pet Sitter.
Need more ideas on how to make money online? Another strategy is using webinars to market your product, service, or course. I’ve done webinars to promote my financial planning practice and to drum up interest in my online course for financial advisors. With a webinar, you’re basically offering a lot of tips and advice for free — usually in a live format. At the end though, you pitch your paid product or service with the goal of securing a few deals.
There are several ways to make money from your car such as taxiing people, renting your car, or advertising businesses. Run the numbers before using your car to make money, especially if you're driving more than usual because it might cost more than you earn to use your car as a money-maker. Factor in depreciation, wear and tear, and gas expenses when you decide if driving is a cost-effective way to make extra money.
If you hook up with a for-hire car parking service (the type hired out for fancy neighborhood parties) you can make some nice cash tips in just a few hours at night and on the weekend, when parties are held. The key here is to do a great job by showing hustle and being super friendly. This was one of the most enjoyable jobs I had during graduate school. Who doesn't like to drive nice cars?
People who are having trouble selling their homes these days and could use a second pair of eyes to stage their home for the quick sale. To help people sell their houses, your staging services need to get buyers to envision themselves in the property. This opportunity takes some passion and skill for the job. You'll have to be comfortable telling people they need to remove clutter, rent furniture, etc. to get it in top selling condition. You'll need some designing skills but also have additional resources at your fingertips, such as a furniture company, storage options, etc. This will take some work getting set up but once you've done so, you can start networking with realtors. Consider offering some discounted services to make a name for yourself.
Another way to generate passive income is to invest and be a silent partner in a business. This is very risky, but with risk comes the potential for high returns. For example, several years ago both Lyft and Uber were looking for private investors to invest in their companies. Today, they are worth billions - but you as an investor would only reap that benefit if they go public via an IPO, or get acquired. So, it's risky.
Thanks for writing this Mr. Samurai. I just got over the student loan hump but I feel pretty good about it at 27 having a graduate degree and being 100% debt free. Now that I’m on the other side it is good for my brain to absorb some of your knowledge regarding passive income investments. I love gleaning wisdom from older folks who have been there and done that. Mentors rock!
In January 2018, I missed my chance of raising the rent on my new incoming tenants because it didn't come to mind until very late in the interview process. I didn't write about my previous tenant's sudden decision to move out in December 2017 after 1.5 years, because they provided a relatively seamless transition by introducing their longtime friends to replace them. I didn't miss a month of rent and didn't have to do any marketing, so I felt I'd just keep the rent the same.
When describing whatever it is your promoting, share your experience! If you can throw in some data or graphs to go along with it, even better. Back when I was more actively writing about eHow, I promoted an ebook that I read which helped quadruple my earnings per article. I created a graph that showed how much I earned before I read the book versus how much I earned after. To this date, that ebook has been one of the most successful affiliate promotions I’ve done on this blog.
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you'll eventually reap the rewards.