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As I mentioned in the introduction to this guide, any business can be a passive source of income when youre not putting much time into it. Usually, that means hiring people to do the work for you. However, some types of businesses require a good deal less work than others, and you might not need to put in more than a few hours each week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an additional $50 per year with essentially no attempt. Youll download their program to your smartphone and theyll get access to your browsing data, which they use for research purposes. Each week youll earn 5 credits.
Youll also get a bonus when you first sign up. Ive been using it for a little 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 make 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 seek out a lesser cost, and if it finds one it can help you to get a refund for the difference.
When the shipments are late, Paribus can help you to find compensation for it. .
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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors receive up to 12% returns and are paid each 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's a wait list readily available for their next fund.
I read 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, that are often used by people who dont have bank accounts. That may not be of interest to you. But a side benefit is that in the event you have a prepaid card card you can also set up an FDIC-insured savings account with Netspend that pays 5% interest.
You can have multiple accounts, apparently around 6 to $6,000 total. For a much more detailed look at this, please see How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this list, pick a couple that look like a fantastic match 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 is not difficult to blog here get, even if you don't have money to invest. .