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As I mentioned in the introduction of this guide, just about any business can be a passive source of income if youre not putting much time into it. Usually, that means hiring people to do the job for you. But some kinds of businesses expect a good deal less work than others, and you might not need to put in more than just a few hours each week.
MobileXpression certainly is not going to make you rich, but it can easily get you an additional $50 per year with essentially no attempt. Youll download their program to your smartphone and theyll access some browsing data, which they use for study purposes. Each week youll earn 5 credits.
Youll also receive a bonus when you first sign up. Ive been using it for a while now and Ive earned a few gift cards up to now. .
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Royalty Exchange is a market where you can invest in royalties. Artists and musicians can raise money by selling the royalties to their work. As an investor, you can make money passively from the investment.
Paribus is a free app that will automatically hunt for refunds which are owed to you. When you make a purchase from a store/website that has a price match guarantee Paribus will seek out a lesser price, and if it finds one it will help you to have a refund for the difference.
When the shipments are late, Paribus will allow more you to find compensation for it. Look At This .
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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors receive up to 12 percent returns and are paid each month. I havent personally invested with AHP, but I did some research and found many people who had favorable experiences with the investment. Its currently closed for new investors, however there is a wait list readily available for their next fund.
I signed up to the wait list and plan to invest a small amount when it becomes accessible again. .
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Netspend offers pre-paid debit cards, which are often employed by people who dont have bank accounts. That might not be of much interest to you. However, a side benefit is that in the event look these up you have a pre-paid card you can also install an FDIC-insured savings account with Netspend that pays 5% interest.
You can have multiple accounts, apparently up to 6 for $6,000 complete. For a much more thorough look at this, please visit How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this list, decide on a couple that seem like a good fit for you. The sooner you get started with passive income that the sooner youll be making money, and youll have to re-invest. There's definitely some low-hanging fruit on this list that's easy to get, even if you don't have money to invest. .