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As I mentioned in the introduction of this article, 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. However, some kinds of businesses expect a good deal less work than others, and you may not need to put in more than a couple of hours per 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 program to your smartphone and theyll access some 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 a few gift cards so far. .
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Royalty Exchange is a marketplace 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 that are owed to you. When you make a purchase from a store/website that has a price match guarantee Paribus will seek out a lower price, and if it finds one it will allow you to have a refund for the difference.
When the shipments are late, Paribus will help you to get compensation for this. .
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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive 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 people who had positive experiences with the investment. Its currently closed for new investors, but there is 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 accessible again. .
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Netspend offers pre-paid debit cards, that are often employed by those who dont have bank accounts. Which might not be of interest to you. However, a side benefit is that if you have 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 up to 6 for $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 list, pick a couple that look like a fantastic match for you. The sooner you get started with passive income that the sooner that site 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. .