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As I mentioned in the introduction to this guide, just about any business can be a passive source of income when youre not putting much time into it. Normally, that means hiring people to do the work for you. But some types of businesses require a good deal less work than others, and you might not need to put in more than a couple of hours each week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with basically no attempt. Youll download their app to your smartphone and theyll access some browsing information, which they use for research purposes. Every week youll earn 5 credits.
Youll also get a bonus when you first sign up. Ive been using it for a while now and Ive earned several 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 earn money passively from the investment.
Paribus is a free program that will automatically search for refunds which are owed to you. When you make a purchase from a store/website that has a price match guarantee Paribus will search for a lower price, and if it finds one it will allow you to have a refund for the difference.
When the shipments are overdue, Paribus will help you to get compensation for it. .
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AHP buys distressed read the article mortgages to prevent foreclosure, using investor money. Investors receive up to 12% returns and are paid every month. I havent personally invested with AHP, but that I did some research and found many men and women 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 available again. .
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Netspend offers pre-paid debit cards, which are often used by people who dont have bank accounts. Which might not be of interest to you. However, a side benefit is that in the event you've got a prepaid card card you can also install an FDIC-insured savings account with Netspend that pays 5% interest.
You can have several accounts, apparently up to 6 for $6,000 total. 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, pick a couple that seem like a good match for you. The sooner you get started with passive income the sooner youll be making money, and youll have to re-invest. There's definitely some low-hanging fruit on this list that is not difficult to get, even if you don't have money to invest. .