With these strategies, you can earn money without working consistently, freeing up your time and energy for other pursuits.
Making passive income is a great way to make money without getting a second job. With these strategies, you can earn money without working consistently, freeing up your time and energy for other pursuits. Once you establish a passive income revenue stream, you enjoy the fruits without lifting a finger and just sit back and relax instead. You will have to put in work initially, but these strategies will pay off.
Write a Book
Everyone has a story to tell. Put yours to paper and earn money off the sales once it is published. Look for a publishing house to take you on, or go the self-publishing or ebook route.
Create an App
If you have programming skills, put them to good use by creating a smartphone app. Don't worry about having a brilliant, groundbreaking idea because you can never predict what will go viral. Sometimes, the silliest, most pointless apps generate the most money. Take iFart for instance. The ridiculous app took in over $30,000 in under 24 hours.
Start a Static Blog
Invest some time creating a website dedicated to an evergreen topic that interests you. Focus on a timeless topic people commonly search for, like weight loss or how-tos. Fill your site with solid content, update it frequently, and host ads to bring in money. Once you get the ball rolling, you can make money off your old content.
Snap Beautiful Photos
If you have a passion and eye for great photography, your talents may pay off. Upload your photos to sites like Shutterfly, iStockphotos and Shutterfly. When someone purchases one of your pics, you can earn anywhere from 25 cents to $75. It is just as easy as using Instagram but far more lucrative.
Make a T-Shirt
Design a tee for Threadless and it could be made into a t-shirt. You will earn $2,000 and get $500 each time it is reprinted. You can also earn for your designs on sites like Cafe Press and Zazzle.
Write Articles Online
Share your expertise or opinions online, then sell your work on sites like About.com. Your initial effort will pay off each time someone views your article. If you write on a popular evergreen topic, you can make money off your work for years.
What is your favorite source of passive income? Share your best strategies for making money without putting in much effort in the comments section below.