When that 9 to 5 just isn’t enough…
Sometimes fixed schedule jobs just won’t cut it when it comes to meeting all your wants and needs. You spend hours on end slaving away at work yet you still can’t spare money for travel, an occasional shopping splurge or whatever else makes you happy. If this is the story of your life then you, my friend, need to look into how to have a passive income.
That’s what we’re here for. Below is a comprehensive guide on the most legit and profitable ways to make money online. That way, it will be easy for you to narrow down your options and find the plan that works best for you.
Before we get into actual ideas, you first need to understand what passive income refers to. This term refers to any earnings gained with little or no active involvement. To put it simply, you get a chance to actually make money in your sleep; literally and figuratively. Here are 10 options you can consider.
1. Paid web searches
If I got a penny for every time I searched for something on the internet I could probably buy a planet. This is no longer just a pipe dream with services like Qmee.com. These guys pay internet users to increase keyword relevance by typing in related searches into different search engines. You won’t exactly make planet-buying cash but it is a simple and highly effective way to make money online.
2. Reviewing websites, apps or products
Yep; you can get paid to rave and rant about things you love or hate. For the most part, these services pay internet users for positive reviews so it would be best for you to settle for something you actually like or believe in.
3. Affiliate marketing
This is one of the most effective tips on how to make money online. Here, all you have to do is find a way to direct your audience to a specific site to buy certain products. It could be a lifestyle blog where you casually slide in a reference to your favorite sunscreen available on Amazon. You get paid for directing traffic and for every sale made as a result of a referral from your site.
4. Social media advertisement
Are you active on social media? Well, it’s time those followers and likes actually translated into profit for you. The best way to capitalize on your fan base is by serving as a social influencer. Major companies will pay top dollar for you to reference their products or straight up post them on your platform. This is one of the easiest to implement and most profitable passive income ideas.
5. Ad hosting
If you have a successful blog or website then you can also make money online by hosting ads. This is one of those options that are the true definition of passive. Literally, all you have to do is allow different businesses to include pop-up ads on your site. That way as long as people keep visiting your site you keep making money.
6. Freelance writing
This is not exactly passive but it is as legit and profitable as an online money making schemes get. There are numerous online writing websites that you can be a part of and earn big from. Whether you want to do assignments for college kids or write reviews for affiliate websites, there is no shortage of opportunity.
7. Selling your trash
The saying one man’s trash is another man’s treasure’ could not be any truer when it comes to the internet. These days you can sell anything from your old clothes to that violin you played for a month. You can also sell school things including notes, unsubmitted papers and even old textbooks. That way you don’t have to be haunted by the not-so-fun memories of that dreadful college or high school classes every time you visit your garage.
8. Online surveys and polls
This is one of the oldest ways to make money online but it still works. There are a number of online services that pay to have you take surveys and fill in poll questionnaires. It just takes a few moments from your day but is more than worth it.
9. Professional gaming
Remember when they told you video games were just a waste of time? It’s time to prove them wrong. There are many online platforms that actually pay gaming enthusiasts to play. One of the most popular of these is Twitch. This passive income idea may involve active participation but it is basically getting paid to do what you still would have done after school or work.
10. Create online courses
You went to college; you have years of experience under your belt, but you have nowhere to take this knowledge. Why not sell it? It is very easy these days to set up online courses and sell them. It could be on anything from basic first aid to baking guides. Trust me there is someone out there desperate for all that knowledge you have to offer.
After all is said and done, the passive income route is definitely one worth considering. With these options, you can finally save up for that trip abroad or even your dream car. The best part is that you won’t have to touch your savings or mess up your already tight budget. So go through our list of passive income ideas, find what works for you and start chasing that paper. You will not regret it.