To learn more, Making Sense of Affiliate Marketing by Michelle Schroeder-Gardner of Making Sense of Cents is a highly recommended course. Then, within 20 days of opening your account, deposit New-to-Citi® funds and keep it there for 60 days after the 21st day. They have a cash bonus offer where you get up to $500 based on your deposit.

Unless you’re actually good, people are not going to buy your work. Even if you are good, if you do not effectively market your designs, people will not find you. If you’re a graphic designer with talent, this is a terrific side hustle. Places to do this include 99 Designs, Theme Forest, 49 Unique Passive Income Ideas To Build Your Wealth In 2021 and Creative Market. Part of the problem with crypto-currencies is the insane amount of hype surrounding them. It’s difficult to know which coins to invest in and if they will pay off. For every story of overnight riches, there’s another where investors have lost everything.

#15: Get Paid to Install Apps on Your Phone

This online marketplace for laundry has more than 90,000 users. Nachshon was a teenager when he built this app after, one day, he heard his mom complaining about the pile of laundry lying at home for her to do. SudShare is primarily a technology company creating an Uber-like tech stack for laundry. Mort and Nachshon Fertel created Sudshare, a national laundry service from Baltimore, Md. His famous Toy Faces are 3-D portraits that resemble cartoons of various favorite characters and renowned personalities such as Frida Kahlo, Steve Jobs, and Malala Yousafzai. When we launched our beta in April, our 100+ first users paid an annual subscription of $50 per year (roughly 1% conversion rate on our website). Over the past decade, eCommerce has become an indispensable part of the global retail framework.

In addition to housesitting, you can also babysit or look after people’s pets. This is essentially a concept where you buy a house and then use the rent payments from your roommates to cancel out your mortgage payments. Alternatively, you could rent a house and do the same thing. The House Hacking Strategy by Craig Curelop explains this idea in detail.

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You purchase a domain or website, improve the design, add content, and then flip it after it’s value has gone up. You can visit marketplaces like Flippa and Trademysite to get the ball rolling. If you’ve published a book, why not tap into a larger audience by offering an audio version? You can easily do this through the Audiobook Creation Exchange. You’re going to have to check the laws in your state first. But, buying an ATM and placing it in the right location is a convenient way to make money without much effort. Check out ATM Brokerage if you want to pursue this idea.

These consist in documents that you can create and sell online so others can print them off and use them in their own projects. Some examples include posters, https://www.wave-accounting.net/ colouring books, and designs. If you are a DIY fanatic who has some awesome products to sell, then this type of online business might be for you.

MORE PASSIVE INCOME IDEAS

What’s also great about these machines is that they make you money 24/7. If you don’t want to invest in vending machines, private ATM machines are another option. There are dozens of websites that buy stock photography . What’s great about this method is that you don’t even need a camera. On Shopify, you can open an online store without the hassle of managing inventory, packaging, or shipping.

• It’s imperative in this day and age for businesses to have a good social media presence, but many businesses just don’t have the time and resources to devote to it.
• Whether as a side hustle or a full-time engagement, passive income is one of the greatest ways to build a secure financial future.
• You can make passive income and get paid through sites like CafePress.
• Readers can browse through the various book and author listings, find ebooks at discounts and search for books from multiple genres and book types.
• Investing in stocks and bonds can be one of the best long-term passive income ideas with minimal investment barriers (i.e., low investment minimum and no special skills are necessary).

For example, if you’re a field inspector, wedding officiant, virtual assistant, or personal concierge then you could expand your business offerings. Are you a passionate fan of a particular brand, product, or service? Are you active on social media and have a decent following? If so, you can earn cash representing your favorite companies either in-person or online. Arguably this is the most common type of producing passive income, such as real estate or investing. If you have the time and skills, you can also create digital content like podcasts, blog posts, and graphics that you can post and monetize. In most cases, the platform fees for creators are affordable and some free services exist.

With this in mind, analyze the audience within your niche. Take your time to thoroughly understand their wants and needs. Then, create a beneficial, solution-oriented product custom-tailored to meet their demands. Be sure to make it marketable and available so you can sit back and watch the cash flow.

If you have a lot of interesting equipment, then this might be an easy way to make money of something gathering dust in the attic or garage. There are many types of personal items that can be rented out. BabyQuip.com, for example, has you rent out old baby gear to new parents. If you know some hard workers who are ridiculously talented cooks, front the money for them to get their food truck. Your money back plus interest, or a monthly percentage of profits. I didn’t touch either and at the end they weren’t happy, but that was an easy passive $1,000 in free cash. If you have a talent for creating original entertaining 5-15 second blips of music, or even longer pieces, you should consider licensing your music.