Before you really roll up your sleeves and monetize your personal or professional skills, why not right-size your life? Selling your unwanted stuff is a great way to downsize and declutter your life while earning some income on the side. If you’re transitioning to full-time work-at-home status, that income could provide a critical boost to your plans for a proper home office, or allow you to maintain your lifestyle during lean times without resorting to voluntary simplicity.
Hi Deanna – That’s always a possibility, but you can’t spend too much time worrying about it. After all, it’s common for people to read a book, then pass along to someone else. If your work can benefit someone else all the better, it isn’t all about making money. And on the brighter side, you can gain a new fan in the person on the receiving end of the ebook. It’s a problem, but not as big as you might think.

Rent out your separate unit – Similar to renting your room to a roommate, you can also choose to rent out an entire unit to a family. As mentioned above, this is something we’ve been doing for a few years. This form of passive income has allowed us to reduce our current living expenses because our tenants cover our mortgage along with some utilities.
User-friendly App: Decluttr is a mobile-ready platform made for selling on the go. The mobile app is a great help when you’re hunched over miscellaneous boxes in your dank basement or sweltering attic. You can use the app to scan in your items directly and utilize Decluttr’s “valuation engine” to quickly and easily see exactly how much you can earn. Many popular online selling platforms, including eBay and Amazon, are designed first and foremost with desktop and laptop users in mind.
Investing is arguably the easiest way to make passive income.  The problem is most investments sound good in theory but don’t work out so well in practice.  And if you don’t have much experience or access to capital, let alone the time to work it all out, it can seem more or less impossible.  However, there is one smart way to invest that just might work.  Continue reading >
You’d do most of your work in a home garden, but you’ll have to spend your weekends away from home. If you love the idea of selling your home-grown produce, but can’t swing being out of the house on weekends, consider selling to friends, family, and neighbors instead. Almost everyone prefers the taste of a fresh picked tomato to a store bought one.

Now, I’ll be honest here. This isn’t 100% passive like REITs and there will be tenant issues that pop up from time to time. For example, we took a huge hit last summer when one of our tenants’ units got broken into. WORD OF ADVICE: never announce to the world that you will be away on vacation (I wish I could bluntly tell this to my tenants)! #FACEPALM.


Be professional. When you submit a résumé, don’t type it in ALL CAPS and please don’t avoid the caps lock like the plague. Know how to use it without looking incompetent. Write in complete sentences with proper grammar. Of course, there will be exceptions, but even with the exceptions, you must keep it professional. You’re building their view of you.
Wow! What an awesome list! My favorite is the stock photography because I love photography. I have had some success there, particularly with one photo I make some decent income from. I think the key with stock photography is finding a shot that is high demand. Then, find a new unique way to frame that shot. This is the reason my St. Louis Arch photo is a top 10 on both ShutterStock and iStockPhoto. Thanks for the awesome ideas above!
You decide to buy one of each. After six months, your first CD matures and you decide to renew it. You buy an 18-month CD with the money. When the 12-month CD matures six months later, you buy another 18-month CD. This creates a CD ladder where you get access to funds every six months. This means that every six months, you’ll decide whether to open a new CD or withdraw the money plus the interest you earned.

Let’s say someone needs to borrow $10k to consolidate their debt. They create an account with Lending Club (for example) and depending on their credit history, income, etc. are given an interest rate on the loan. The investor (you) also creates an account with Lending Club and buys the debt. When the borrower makes monthly payments, the principal and interest are paid to you in your Lending Club investment account. 
If you wish you had a little more money in your pocket, you’re not alone. Fortunately, you have a variety of options when it comes to making money. Doing odd jobs is a quick and easy way to earn money. Similarly, reselling items or selling items you make can earn you extra cash. As another option, earn money online by writing a blog, freelancing, or doing online surveys.
Comfort. Perhaps the biggest thing that you’ll need to do in order to create a successful B&B is to make sure that your guests are as comfortable as they can be. Remember, they’re paying more for the experience of being comfortable away from home. As a trial, spend a night in the room in your house that you intend to rent and view things from a guest’s point of view. Is the temperature comfortable? Is the bath in the room, or at least a comfortable distance away while still being private? Is the bed soft and inviting? The pillows? Is the bedroom interior design, including colors, soothing? Can you hear household noises, or do you feel that you’re in a world of your own? All of these are important questions to ask yourself, but the answers will determine whether or not your guests recommend your place, or come back for another stay. Think about all the minor inconveniences and discomforts that you’ve just gotten used to over the years, and remember that a paying guest might not tolerate those problems for a night. You may need to spend a little money to fix these issues.
Vanguard: Vanguard has a minimum of $50,000 and a fee of 0.3%. Rebalancing is done automatically once every quarter and tax loss harvesting is done on a client-by-client basis. We included Vanguard because clients who invest between $50,000-$500,000 have access to a team of financial advisors. Those with accounts over $500,000 will have a dedicated advisor.
Holly Johnson, a professional freelance writer who earns over $200,000 per year creating online content, is another successful entrepreneur who is doing well with course sales. Johnson launched her Earn More Writing freelance writing course in 2017 and has sold over 700 courses for $199 each since then. In January of 2019, she also launched a “Pro” version of her course that retails for $349. She sold 40 on the first day.
If you know anything well, a place, how to fix something, how to make something, how to do something, you can write a guide for it. You can sell your guide as an e-book, offer it as a download for a fee on your site or reach out to bloggers with similar content and ask if they will offer it as a paid download on their website (for a price of course).
The best part about starting a blog is that it can lead to a sizeable income. It takes a lot of work and dedication, but it’s possible. There are a lot of bloggers who make five or six figures each month. Sounds pretty good, doesn’t it? To make this happen, you’ll need to understand how to reliably (and efficiently) monetize your blog. This article from DollarSprout has some great tips.
29. Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
I am an English major and a herbalist with so many ideas and no extra income to fulfill them. I recently started renting my extra apartment in the attic with Airbnb. It’s amazing how fast I accumulated some money for few hours of work between guests. Now I want to persue all my dreams of opening an online herbal store, publishing my ebook of treating Ulcerative Colitis with herbs, blogs, and videos, and pretty much all of the ideas mentioned here. I will save this article as its really helpful for whomever needs some ideas…
Right information, support and motivation is needed to build a steady source of passive income. Reading success stories is a good way to stay focused on your goals. E commerce play a vital role in generating passing income streams. Above provided are good options but not an extensive list. These days you can find hundreds of ideas online. So, keep your research on and keep learning! And, hey thanks for this wonderful write up.
Our favorite platform for this is RealtyMogul because you get the flexibility to invest as little as $1,000, but can also participate in REITs and private placements – typically not offered to the public. Investors can fund real estate loans to gain passive income or buy an equity share in a property for potential appreciation. Their platform is open to both accredited and non-accredited investors.
There are many sellers out there who’ve made a business reselling thrift store finds online. This kind of buying and selling takes a lot of time and dedication, but if you have an excellent eye for value and a love for thrifting, it can be a very lucrative business. (But expect a lot of trips to the post office and a lot of time spent researching.)

Nice writing style Ben. I’m finding out very quickly that to make any money writing, you have to read, read, and then read some more, no matter how smart you feel you are on a subject, before writing your first sentence. I have always been a fan of multiple income streams and am thrilled by the ideas of proofreading, editing, blogging, freelancing and transcribing. Having spent one of my careers doing just that for a large corporation, it’s a perfect fit, but now I can get credit for my work, thanks again for a great article.

The best part about starting a blog is that it can lead to a sizeable income. It takes a lot of work and dedication, but it’s possible. There are a lot of bloggers who make five or six figures each month. Sounds pretty good, doesn’t it? To make this happen, you’ll need to understand how to reliably (and efficiently) monetize your blog. This article from DollarSprout has some great tips.

If you have website design experience, look for local businesses with out-of-date websites or poorly managed social profiles. Give them a call or send an introductory email offering your services. Offer to provide a free consultation and clearly and realistically explain your skill set and how you can help their organization. Many small businesses are floundering when comes to branding, marketing and keeping up their online presence—so if you have expertise in that area, by all means use it.
23. Affiliates – There are many affiliate networks, such as FlexOffers and CJ Affiliate that allow you to promote other people’s products and services. You simply put a link or a banner on your page and then you get a percentage if someone clicks through and buys the product/service. You’ll want to select products that are specifically within your blog’s category.This is an effective way to earn money once you have the traffic coming to your blog.
Everyone says you're a fantastic writer, so isn't it about time you got paid? According to Durst, Good writing is in demand, especially for online content. Good freelance writing websites to find job listings include JournalismJobs.com, upwork.com, and MediaBistro.com. If you have experience as a copy editor, writer, or proofreader, go to editfast.com to find freelance opportunities in these areas. Rates average at $32, $28, and $26 an hour for remote writing, editing, and proofreading jobs, respectively.
I am very disabled by a genetic collagen integrity condition called Ehlers-Danlos Syndrome Ht (EDS-HT)and it effects all tissue, joints, GI Tract, my heart, nervous system and much more, which creates huge challenges for me physically. I was disabled at a young age, had to quit work at 40 years old and I am eligible for $600 month. Due to the progressive syndrome, all work I have tried I could not physically sustain within only a few days.
Mentorship. With sites like Etsy, it simply doesn’t make sense to reinvent the wheel when opening a shop. Instead, look to others who have been down the path and have learned the hard way what to do – and what not to do. Blogs like Handmadeology and EverythingEtsy.com offer hints and guidance for artists just looking to get started in this profitable home-based business.
The best part is that people who use bed and breakfasts are more likely to pay more for the experience. The challenge is that there’s a lot of competition in this field, so if you think earning money this way is right for you, you’ll have to set up your home in a way that makes for a memorable experience for guests. Here’s a checklist to get you started:
If you have “extra” money sitting around or want to get serious about building wealth for later in life, consider investing it in the stock market with Ally Bank (whose investing branch is included on our list of best investment apps). If you don’t have immediate debts and aren’t currently living paycheck to paycheck, investing can be a powerful tool for generating passive returns.
If you have good verbal and technical skills, are extremely organized, and understand the responsibilities of blogging or running your own business, there are plenty of business owners who could use your help! A virtual assistant helps other business owners stay organized, answer emails, manage their schedule, book travel, proofread documents, and perform any other number of tasks that can be done from home.
As to copyrights, there are various ways to minimize the likelihood of theft of your work, but none are foolproof. But rest assured that if someone were to reproduce the work under their own name, they’d face legal action. It would be obvious if they were selling the work on a widespread basis. It’s amazing the information that’s making it around the web. Theft on a large scale has a way of being discovered.
Check with your local bank to see if they're giving away cash bonuses for opening up accounts. Banks run promotions like this all the time, so grab some real cash quickly if you're in need. It won't break the bank (no pun intended) but it will give you a quick $50 or $100 -- maybe even more -- when you really need it. You might need to deposit a minimum amount of cash (usually in the thousands) in order to qualify for these types of accounts (but not always).
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