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…
18. CraigsList – Some things don’t ship very well. Other things may make you feel uncomfortable to sell to someone across the country. Anytime you’re selling a large item or something you just don’t want to ship, Craigslist is a great place to go. It’s simple to list your item (again, take good pictures!). If you don’t like the idea of putting your phone number out there, the interested individual can send you a message to your inbox without even getting your email address.
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.
Dave Ramsey often recommends pizza delivery as a second job for those trying to get out of debt, and with good reason. Pizza delivery is easy work. You’ll need to work in the evenings and on weekends, as those are prime pizza delivery hours. If you need some cash though, it’s not hard to drive the pizza from the pizza parlor to the customer and collect payment. You could make some nice tips, too.
I actually have an Etsy shop, because I love the idea of making things and selling them from home, but I have no products! I opened the shop so that I could call dibs on the name! lol I decided I wanted to work from home a few years ago when my son was a toddler. The commute to work and the time away from him and from home were not worth it to me. So I gave it a try with freelance writing. Having the nerve to take on writing as a source of full time income was the toughest decision I ever made for my career. But it has been considerably more fulfilling than working anywhere else. As a freelance writer, I work from home and can make time for my family. It takes a keen proclivity for discipline because each day hours must be carved out and committed to writing, but it’s the only way I want to live now! I hope you don’t mind but I’d like to share about where I write the most. The company is called Ultius, Inc. and it is a platform that connects writers like me and clients who need writers. They facilitate the compensation and tell me what it is per page before I commit to writing it (it averages about $10 per page). I love it and the workflow is consistent for me because I get the same clients requesting my help. I highly recommend it for anyone who wants to earn while writing from home! 🙂
Getaround is another option for renting out your extra car. Backed by a million-dollar insurance policy and safe-driver screenings, Getaround could be your ticket to making an extra few thousand dollars a year. You can even set your own rental rates. (Though I recommend first comparing rates in your area to determine your best, competitive car rental price.)
However, if you are up to the challenge, don’t let the promise of a little hard work deter you — there are plenty of reasonable ways to generate passive income that you can start today. And even though earning passive income is unlikely to solve all of life’s problems, it’s not a bad place to start — especially if you have the dream of one day reaching millionaire status.
There are also shopping apps like ibotta, MobiSave, and checkout 21 that give you money back for shopping. And the Walmart app has a savings catcher feature where you take a picture of the barcode or upc at the bottom of your receipt and they search all surrounding store and if a lower price is found they give you the difference back. I have made about 50 bucks total from this app and 20-30 from things like ibotta.
How to Monetize: Affiliate marketing works well when you discuss products on your blog. For our fish tank blog, we would link to all the things you need to buy for an aquarium and then when people click on that link and buy that item (and other items they purchase with it with some exceptions) you get a percentage of the purchase. Amazon Associates is the best-known affiliate marketing program, but there are others like Impact Radius, ShareASale, Commission Junction, ClickBank, and Rakuten too.
Outside of starting your own business, investing in the stock market has been one of the most consistent ways to create wealth over the past 100 years. In fact, since its inception in 1957, the S&P 500 has consistently returned 8% per year on average. A far higher return than savings accounts, CDs, money markets, or any number of other vehicles for saving and investing your money.
But, it took me a while to get to that point. Where I once worked in my financial planning office on most days, I started by testing things out with a few days per month away from the office at first. From there, I began working remotely 2-3 days per week, then 4-5 days per week, and so on. Eventually, I was able to run my business remotely without ever having to show up for work.
As with many rewards sites, consistent daily use is important, so you’ll want to bookmark MyPoints or make it your homepage (so you don’t forget to check in). Refer users to the program and earn 25 points when they join, 750 points if they spend $20 or more through the app, and most importantly, 10% bonus points on all the points they earn, forever.
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.
Note: There are dozens of other survey sites out there. These just happen to be the more well-known ones that have a reputation for paying out in a timely manner and having reasonable standards for cashing out. As always, be careful with your personal information. We recommend using an entirely separate email address for survey sites so they don’t clutter your inbox.
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.
If you’re very organized, enjoy connecting with other people, and have a strong network of interested friends and family members, multi-level marketing might be right for you. However, there can be some serious drawbacks. If you are considering getting involved with a MLM, definitely do your research to make sure the company is reputable, has been around for at least five years, and doesn’t have any minimum sales requirements.
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.
As long as the network is legitimate, it can be a good way to pick up some extra money on a steady basis. You won’t make a fortune, since your rewards will be limited to how much money you will spend. You certainly don’t want to get carried away, spending money just to generate rewards. That could put you into a situation where you will spend more money than you will earn from the network.
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.
If you're a crafter, the internet is your showcase — and not only at auction sites like eBay. DeWitt Young of ObviousFront.etsy.com has had success turning her crafts into cash online. She has a booth at Etsy.com's Craft Mall, an amazing place where thousands of artisans and crafters offer their goods for sale. DeWitt turns salvaged parts from old TVs and VCRs into artsy necklaces, earrings, and figures. Colleen Jordan of wearableplanter uses 3D printing to create her necklaces called wearable planters.
The best, most informative and clear communication on ways to make income online and what those ways are called. I am starting a blog out of sheer frustration in regards to Christmas music. To clarify in a nutshell, whenever I look up Christmas music from another country, like Italian Christmas music, I’ll get something like Rudolph the Rednosed reindeer in Italian. That’s not at all what I mean. I mean songs like Tu Scendi, etc. Anyway, on another topic, I have a parked website with a great name, any thoughts on how to monetize?
I want to thank you for the great article. I was looking online for some inspiration to re-ignite my side-hustle and breathe some new life into my existing efforts. Your ideas here are fabulous and I’ve made notes on seven of them. I already have a lot of the concepts started, but you have given me the spark I was looking for to keep moving forward. Thanks for the help!
Very useful and interesting ideas. To make a passive income is not an easy task as someone may say. It requires responsible approach and a lot of effort.I, personally, think of generating revenue from rental properties. And I was considering Queens in NY. However, I hadn’t even thought about trying index funds before your post, but now I believe it might be a good idea. Thus, thank you for sharing.
If you are an artist or crafter, you might consider selling your goods on Etsy. To make the most money, you should sell something unique. Etsy has gotten bigger and bigger in the last several years, so it is harder to stand out unless you are selling something different than others. But don’t stop there, you can also sell your items on other sites.
Furthermore, carefully consider your likely attendees, and what schedule would be attractive to them. For example, if you’re planning on teaching a tutoring class, you obviously couldn’t schedule it during school hours. Likewise, a class aimed at mothers of young children will either have to include babysitting services or be scheduled at night, when they’re more likely to have help with the kids. Find the delicate balance of times that fit your prospective students’ schedules as well as your own.
One should think about their skills, hobbies and basic daily habits as well. Do you like to cook? Be a personal cook or dinner parties. Baking? Make wedding cakes or cupcakes for weddings/special events. Do you enjoy cleaning? Trying going to banks/repo companies and ask if they are in need of a repo cleaner or market yourself as a all-around cleaner. Know how to mow a lawn? Get paid to do it in your neighborhood. Sell products from large companies – Jewelry in a candle, Sentsy, Health and home products – etc.
As for the mystery shopping–there are a few opportunities out there, but most of them offer reimbursement for small products (like a pizza) rather than actual pay, so I wouldn’t count on this one for extra income. (Although it can be a way to get a free pizza now and again–but you’ll have to “work” for it.) Also, there are lots of companies presenting themselves as “mystery shopping companies” that exist primarily to collect fees from would-be mystery shoppers looking for “work”–never pay a company like this any fees, because that’s all you’re ever likely to get out of it.
great list! i just have one question… what about paying taxes on this extra income? what do people usually do about that? as far as ebay/yardsales, i think i read somewhere that if you’re re-selling, you don’t have to pay taxes because you’re selling something for less than you bought it for, therefore technically a loss. anyway, thanks for any help on this question!
Have an extra room in the house? Try renting it out on Airbnb.com. According to Smart Asset, you can pay up to 81% of your rent by listing one room in a two-bedroom home. If you're really looking to ring in the cash, renting out a private home or apartment is the way to go. According to Smart Asset's findings, rates for full apartments are significantly higher than those for just rooms, with annual profits ranging from $15,000 to $31,000 for a two-bedroom apartment.
Suzanne lives in Texas and has been a full-time freelance writer for 20 years. She’s written for numerous business and financial publications, both online and in traditional print media. She also owns her own small business and has a passion to help others achieve their dreams of financial independence. Her goal is to eventually work from a remote island that is equipped with Wi-Fi.
Hello I am 26 and just hit a huge life crisis wall! I had a great job and was let go out of the blue, with little to no money left for bills and other.. I was scheduled to drive home from Florida to Michigan tomorrow with my boyfriend and he has no idea I have only $400 to my name I have no idea what to do or how to get enough money to get me through this trip.. I already have found a new job but I don’t start until we are back in 10 days ! I feel like I am so underwater!
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.
If you're ready to enter the ecommerce fray, you could sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account like ones offered by Stripe or PayPal. Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.