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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. Usually, that means hiring people to do the work for you. However, some types of businesses require a lot less work than others, and you might not need to put in more than a few hours per week.
MobileXpression certainly is not going to make you rich, but it can easily get you an extra $50 per year with basically no effort. Youll download their program to your smartphone and theyll get access to your browsing data, which they use for study purposes. Each 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 so far. .
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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 for their job. As an investor, you can earn money passively in the investment.
Paribus is a free program 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 site here guarantee Paribus will seek out a lower price, and if it finds one it can allow you to get a refund for the difference.
If the shipments are overdue, Paribus can allow you to get compensation for it. .
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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors get up to 12 percent 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 positive experiences with the investment. Its currently closed for new investors, however there's a wait list 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 delivers pre-paid debit cards, which are often used by people who dont have bank accounts. That may not be of much interest to you. However, a side benefit is that if you've got a pre-paid 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 complete. For a far more thorough look at this, please visit How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this listing, pick a couple that seem like a good 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 is definitely some low-hanging fruit on this list that's easy to get, even if you don't have money to invest. .