Money Making Ideas Archives - The Money Snowball https://www.themoneysnowball.com/category/make-money/money-making-ideas/ Financial Freedom with an Income Snowball Mon, 02 Apr 2018 12:32:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://i0.wp.com/www.themoneysnowball.com/wp-content/uploads/2017/05/cropped-Icon_dark-1.png?fit=32%2C32&ssl=1 Money Making Ideas Archives - The Money Snowball https://www.themoneysnowball.com/category/make-money/money-making-ideas/ 32 32 122889838 Make Extra Money Fast: 9 Simple Steps (You’ve Got to Try) https://www.themoneysnowball.com/make-extra-money-fast/ https://www.themoneysnowball.com/make-extra-money-fast/#respond Tue, 03 Apr 2018 08:45:52 +0000 https://www.themoneysnowball.com/?p=1605 Want to make a little extra money but don’t have the time?  Don’t worry.  You’re covered with these nine ways to make extra money fast.  Most are from everyday things you’re already doing! Bonus Material: Free Passive Income Calculator Who wouldn’t like a little extra money every month? The problem is you don’t have a lot …

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Want to make a little extra money but don’t have the time?  Don’t worry.  You’re covered with these nine ways to make extra money fast.  Most are from everyday things you’re already doing!

Who wouldn’t like a little extra money every month?

The problem is you don’t have a lot of spare time.

If you’ve already got a side hustle going, there isn’t much free time to go around.

Finding ways to make extra money fast without having to do much is the holy grail.

It’s not going to make you rich but it will give you a few more dollars to pack onto that money snowball.

Here are 9 steps to make extra money fast:

Make Extra Money Fast

1. Get a Free Money Saving Assistant

Use AskTrim to make extra money fast

Tell me if this sounds familiar…

You sign up for cable and lock in a great internet rate. A year later you notice your bill has doubled.

What happened? You were Comcasted.

Comcast is notorious for jacking up prices without any notice.

It’s a “service” most cable companies provide free of charge.

Trim is here for the rescue.

Think of Trim like your money making assistant.

Trim works in silence to find you extra money.

It can:

  • Cancel subscriptions you never use
  • Negotiate for lower Comcast bills (YES!!)
  • Find better car insurance
  • Negotiate for a lower cell phone bill
  • Get you cash back when prices drop for stuff you bought on Amazon

It’s literally a money making assistant.

2. Maximize Your Savings Interest

Make extra money with a higher interest rate

We’ve all got money stashed away in a savings account.

Hopefully, you’ve got a nice emergency fund that’s sitting there waiting for the day when you might need it (fingers crossed that day never comes).

In the meantime, it’s sitting there earning you nothing.

Interest rates on savings accounts are next to nothing.

That’s where Max My Interest comes in.

Max My Interest will work in the background to find the banks with the best online savings rates.

It will then notify you of the higher rate.

You can transfer the money yourself or have Max My Interest do it automatically.

All you do is sit back and see your emergency fund grow even faster.

3. Start a Carpool Service

Make extra money fast on your commute

You’ve heard of using Uber or Lyft as a way to make extra money. The problem is it’s not fast and takes a lot of time.

The goal here is to find things that make money without using spare time

Well, you’ve got to commute to work, why not make some money while you’re at it?

Uber and Lyft both have what is called ‘Destination Mode.’ You plug in where you’re going and then pick up riders that are heading the same direction.

You can do this on your way to work and on your way home.

It will take a little extra time, but it’s more of a minor inconvenience than wasting time.

Lyft will even give you a $300 bonus after your 100th ride.

4. Start Making Money with Every Purchase

Earn cash back with your credit card

If you’re like most people these days, you buy everything with a credit card.

Have you ever thought about which credit card you’re using? Or why you’re using it?

Most likely it’s because of the bank you use. Or you signed up for it at your favorite store.

If that sounds familiar you’re losing out on money right now.

There are credit cards out there that will pay you for using it.

U.S. Bank has the Cash+ card that will get you 5% cash back on two categories of your choosing. Plus an extra 2% cash back on a third category.

Another great option is the Chase Freedom Unlimited.

It will give you 1.5% cash back on every purchase you make.

You’ll even get a $150 bonus after spending $500 in the first 3 months.

Which brings me to another easy way to make extra money fast…

5. Sign-Up For a Credit Card

Applying for a Chase Freedom Unlimited card

This one is going to take some discipline on your part.

You have to be smart!

So many credit cards offer amazing sign-up bonuses if you spend a certain amount within the first few months.

I mentioned the Chase Freedom Unlimited card offering $150.

There is another Chase card (Chase Sapphire Preferred) that offered a $1000 bonus!

Most of the really good cards have an annual fee, but, like the $1000 bonus, it’s much less than what you’re getting.

This is an easy way to make extra money fast but you’ve also got to pay attention.

Getting into credit card debt will destroy any bonus you earned from the sign-up.

You’ve also got to make sure to cancel cards that have an annual fee before your card anniversary. You don’t want another fee charged.

And, just in case you’re wondering, none of this will hurt your credit score in the long run. If anything it will make it better.

6. Sign-Up for a Checking/Savings Account

Similar to the credit card hustle, many banks offer a money bonus to get you to join.

I recently took advantage of a $400 sign-up bonus at Key Bank.

The rewards won’t be quite as high as credit cards, but you also don’t need to worry about canceling cards, late payments, or annual fees.

Most of the time you need to make a couple direct deposits and you’re done. The bank will automatically put the bonus money into your account.

Doctor of Credit keeps a monthly list of the best bank account bonuses.

7. Get Paid Even More with Every Purchase

With #5 your credit card company will pay you a certain % for every purchase you make with their card.

Well tack onto that a few extra percentage points with Dosh.

With Dosh, you link your credit card to the app. When you use your card for everyday shopping, it automatically finds cash back opportunities.

The app applies those cashback dollars to your Dosh account which can be transferred to your bank.

All of a sudden you could be getting 10% cash back from both Dosh and your credit card. Not bad!

They’ll even give you $5 right now when you download the app and link your card!

8. Don’t Forget about Online Cash Back

Active cash back from Chrome Ebates extension

While Dosh is for offline purchases, Ebates is for online purchases.

If you go through the Ebates portal to buy anything online, you’ll get cash back.

The amount depends on what store you’re buying from. Some are only a couple percent. Others can be up to 25%!

They even have a Chrome extension that will notify you when you’re at a website that has an Ebates offer.

Click the extension button and you’re all set. Money added to your Ebates account that can be transferred to your bank at any time.

Right now you get a free $10 bonus just for signing up!

9. Take a Picture of Your Grocery Receipt

Make money shopping with the iBotta App

We’ve talked about using Ebates for online shopping.

We’ve talked about Dosh for offline shopping, but the one weakness in Dosh is it doesn’t do a whole lot at grocery stores.

This is where Ibotta comes in.

With Ibotta you snap a picture of your receipt and it pays you money. That simple.

Technically they want you to look at the app to find great deals BEFORE going shopping.

I think that’s a sneaky way to get people to buy more stuff because it’s a “great deal.”

You can do that if you want, but I recommend just taking a picture after you do your normal shopping.

There might be some great deals in what you bought, there might not be.

Some trips will only earn you a few cents. Others will earn a few dollars.

Over time it all adds up to extra money in your pocket.

Right now, get $10 free for signing and using the app.

Conclusion

There you go, 9 steps to make extra money fast.

Some need a little bit of leg work while others pay you for doing what you do every day.

It’s not going to make you rich right away, but it will eventually.

Have you tried any of these?  Do you have any other ideas of how to make extra money fast?   Let me know.  I’m always up for learning about a good side hustle.

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9 Impressive Blogger Income Reports (You Need to See) https://www.themoneysnowball.com/blogger-income-reports/ https://www.themoneysnowball.com/blogger-income-reports/#comments Tue, 09 Jan 2018 09:27:56 +0000 https://www.themoneysnowball.com/?p=997 We look at 9 blogger income reports, all making over $1,000 per month. Some are just starting out. Others have been doing it for years and making over $200,000 per month. If you’ve thought about making money from a blog, this is proof blogging isn’t dead. Bonus Material: Free Passive Income Calculator There are a lot …

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We look at 9 blogger income reports, all making over $1,000 per month. Some are just starting out. Others have been doing it for years and making over $200,000 per month. If you’ve thought about making money from a blog, this is proof blogging isn’t dead.

There are a lot of skeptics out there.

People who think making money online is a big scam. That it doesn’t work for the average person.

They’ve got excuses for everything.

Too many people already doing it.

Don’t have the time.

Who would care what I have to sell?

This is especially the case when you talk to someone about making money from blogging.

Blogs have become common place now. Everyone knows what a blog is.

 

Most people even know that you can make money from a blog.

Well, most people who aren’t over 60.

Trying to explain to people that they can still make money from a blog is even harder.

Anyone can wrap their head around making money from selling a product. But to make money from telling strangers what you’re learning? No way.

Besides, “blogs are dying.” Another common excuse.

Well, blogs aren’t dead. They’re not dying. And there is still a lot of opportunity to make money from a blog.

To prove it, let’s take a look at a few income reports from bloggers that are more than thriving.

Table of Contents:

What is an Income Report?

First, let me explain what an blog income report is.

I really can’t say who started this trend, but it has spread across the blogging community.

A blog income report is a place for people to share the financial journey of their blog.

Bloggers use them for all sorts of reasons.

Some use them as a marketing tool.

Some to help their audience hold them accountable.

Others use it as a motivational tool to keep themselves going.

Blogging can be a slog and having something to show for it can keep a lot of people moving forward.

Typically it’s broken down into a couple different sections.

One is where the income is coming from.

What services are they using?

What ad network are they a part of?

Which affiliates are performing the best?

How are their product offerings doing?

The second section is traffic. What is driving the most traffic to their blog?

Is it social media? If so, which platform?

Is Google and SEO doing most of the work? Which keywords are doing the best?

Some income reports are incredibly detailed. They can provide a lot of insight into the blog and be extremely helpful.

Others are pretty basic. They can provide a lot of motivation but not much insight.

The one thing all these prove: that you can make money blogging.

This Fairy Tale Life (Mindy) - $1,400

This Fairy Tale Life is the lowest earner in our 9 person round-up and she’s still making over $1,000 per month!

She’s been reporting on her traffic and income since 2014 and making money all that time.

Most of her revenue comes from the ad network, Mediavine.

Of the $1,463 she made in October, $1,027 came from Mediavine.

The great thing is, the ads on her site aren’t that intrusive.

You can definitely tell there are ads, but it’s not a distracting amount. It doesn’t take away from the experience on the site.

To get paid that much for advertising you need quite a bit of traffic.

This Fairy Tale Life looks to hover around 2,500 pageviews per day.

That’s fantastic! Blogging is a time game. The longer you stick with it, the more traffic you’re going to get.

Most of the traffic is from new visitors, which means people aren’t having a hard time finding the site.

There isn’t a traffic breakdown, but Mindy does say most of it comes from “Google, Pinterest, Direct Traffic, Facebook, and Bing.”

I’m going to assume that’s in descending order and so most of the traffic is coming from Google and Pinterest.

Do You Even Blog (Pete) - $2,238

The first time I found Pete and Do You Even Blog was on Twitter.

I’m not sure how or why one of his tweets popped up, but it made an impression.

He’d recently launched his blog and podcast and was interviewing a lot of major players in the blogging world.

Do You Even Blog launched around April of 2017 and Pete is already making over $2,000 from his site and podcast.

That’s ridiculously impressive.

Each month Pete lays out his goals. For November it was getting over 750 email sign-ups, reaching 4,000 pageviews, and earning over $2,000.

He nailed each one.

Earning over $2,000 with only 4,000 pageviews might be surprising.

This Fairy Tale Life gets about half that PER DAY and isn’t making over $2,000.

That’s the power of having your own product.

Pete launched his Blogger U course and earned almost $900.

If you have your own product to sell, the amount of traffic necessary to make a good amount of money decreases.

You don’t need a lot of traffic, you need the right traffic.

Fitnancials (Alexis) - $4,612

Alexis is the creator of Fitnancials. The site talks about her journey to lose 60 pounds, travel on the cheap, and live a great life on a budget.

Clearly the message is resonating because she raked in over $4,500 in October.

The blog started in 2013 to document her weight loss. Four years later she’s making a full-time income off the site.

While it takes a lot of dedication to blog for four years, it doesn’t necessarily take a ton of time.

Alexis spends, on average, 20-30 hours per week blogging. With travel, sometimes that drops.

Compare that to people who are working a regular 40+ hour job and it’s not a bad gig.

While Fitnancials does make some money from ad networks, like This Fairy Tale Life, most of it is made from sponsored posts.

When someone or some company pays you to write a post about a topic or product, it’s a sponsored post.

There are a host of networks you can sign up for to score sponsored posts. Alexis has a great write-up about the entire process.

While there isn’t a breakdown on traffic sources, it looks like Pinterest is a major driver.

Recipe This (The Milners) - $7,549

November of 2017 marks the 25th month of blogging for the Milners and Recipe This.

At just over two years they’ve set themselves up really well. They made just under $30,000 in their second year blogging!

This November income report seems to be a bit of an outlier. Most of their recent months seem to be in the $2,000 to $3,000 range. Regardless, these are still amazing numbers.

The Milners break down every place they received income for November.

Far and away the big winner is Sponsored Content bringing in over $4,800. That’s almost 64% of their total revenue for the year.

The bulk of their other revenue comes from Monumetric, an ad network, and Amazon Associates.

Amazon Associates is Amazon’s affiliate marketing program.

Recipe This directs readers to Amazon through a tracked link. If the reader buys something, Recipe This gets a percentage of the sale.

Now if you look at the top two traffic sources for the blog, they might look pretty familiar: Google and Pinterest.

Those two alone account for over 50% of the traffic to the site.

From our previous analysis, focusing on Pinterest and SEO for website traffic is the way to go.

Millennial Money Man (Bobby) - $14,388

Bobby started writing income reports for Millennial Money Man in mid-2016.

That first report had an income of $6,196. He has doubled that in a little over a year.

That’s the power of an income snowball!

Bobby points out that he’s reached a level where $14k-$16k per month is normal from his blog. That’s, at least, $168,000 per year.

Blogging is not dead.

The money comes from two distinct pots: Digital Marketing and the website.

Both roll up into that $14,388 total.

But, his website brings in a majority of that with just under $9,000 in revenue for the month of November.

Of that $9k, almost $6,000 comes from affiliate marketing.

Affiliate marketing isn’t just throwing links onto your site at random.

To be good at it, and make $6,000 per month, you need to be deliberate.

Bobby attributes most of his success to a course called Making Sense of Affiliate Marketing by Michelle Schroeder-Gardner. We’ll get to her income report a little later.

Ads brought in the rest of that $9,000.

There isn’t a breakdown of traffic sources, but that’s OK.

To get a lot of revenue from ads, you need the traffic.

But affiliate marketing doesn’t rely on much traffic to earn a decent amount.

Converting a small amount of customers through affiliate links adds up quick.

Bobby has the combination of smart affiliate marketing AND a lot of traffic. That’s why his affiliate income is almost double his advertising income.

Well Kept Wallet (Deacon) - $17,714

Deacon’s first income report was February of 2016.

The total for that report came in at a whopping $940.41.

Don’t get me wrong, that’s fantastic. Making any money from a passion/hobby is awesome.

But most people would think if you made almost $18,000 this month, you’d be making at least over $1,000 a couple years ago.

Not so with Well Kept Wallet.

Looking at the totals for past income reports, it’s clear that Deacon took things to a whole new level at the end of 2016 and through 2017.

We know what the income is for August of 2017 but there isn’t a full income report.

For that I’m going back to January of 2017 where Deacon made $6,089.48. Just from the beginning of 2017 to the end has seen massive growth!

In January, $3,087 came from affiliate marketing and $2,044 from ads.

What does Deacon attribute his rapid increase in income to? Making Sense of Affiliate Marketing. Michelle strikes again.

As the monthly income of these bloggers increase, you start to see a shift in where the bulk of it comes from.

Ad revenue doesn’t become the highest contributor. Other avenues start to take over that top spot.

Just a Girl and Her Blog (Abby) - $41,700

Abby stopped releasing income reports in December of 2016. But, she’d already been consistently making over $30,000 from her blog for 12 months prior.

The income reports for Just a Girl and Her Blog started towards the beginning of 2014.

Looking around the web, all Abby saw were reports for people making tons of money. She wanted to show what it was like for someone making less than $1000.

Fast forward almost three years and things have changed dramatically.

No longer is Just a Girl and Her Blog some small part time gig. It’s a full time business bringing in over $300,000 per year!

In her December report, Abby says they’re stopping because it “began to feel a little bit icky.” It felt like each month was a brag about how much they were making.

I don’t think that, but that’s how quickly things can change.

At one time you’re deciding to share income reports because you don’t see any of the “small fish” doing it. Next thing you know you’re making so much releasing income reports feels like bragging.

Not to say there isn’t A TON of hard work that goes on between those two stages. This is more to say what is possible.

For that final month of 2016, the blog income is broken into two categories: affiliate income and product income.

Just a Girl and Her Blog did show ads at one point but they don’t make any money from them now.

Product income totals $14,193 and affiliate income comes in at $27,507.

As the income numbers get bigger, the products start to show up.

Abby and her team have four products that brought in almost $15,000 in that month of December. I can only imagine how much higher it is today.

I love this graph. It shows just how dramatic their journey over the two and a half years had been.

Making Sense of Cents (Michelle) - $110,656

We’ve got two more income reports to take a look at and these are both over the six-figure mark.

Michelle has been CRUSHING it with her blog.

She left her job as a financial analyst in October of 2013 to blog full time. The income reports just started out as a way to track what she was earning from side jobs.

One of those side jobs turned into her full time job. One that brings in close to, if not more than, $1,000,000 per year.

Making Sense of Cents has four avenues of income: affiliate, products, sponsorship, and advertising.

Nearly half of that income is coming from affiliate marketing. She’s got almost a dozen different affiliate programs paying her.

The largest, by far, being Bluehost.

Next up is her products. Over a third of her monthly income ($38,601) comes from products she’s created.

Saying products (multiple) is misleading because it’s just the one. One product that Michelle has created brings in that much income every month.

When you create something that people want, they’re going to buy it.

That product is the Making Sense of Affiliate Marketing Course I talked about earlier. It is pure gold and that’s why everyone recommends it.

Sponsorship and advertising make up the final ~$20,000. The majority of that is from sponsorship at $16,700.

Advertising is last with $2,992.

While Michelle is still displaying ads, her income is, overwhelmingly, coming from other places.

Smart Passive Income (Pat) - $213,212

If you’ve ever thought about making money from a blog, there is no doubt you’ve come across Pat Flynn.

I can’t really call him the grandfather of ‘blogging for a living’ because he’s still a pretty young guy.

Pat is definitely part of a select group. He was one of a few that paved the way for blogging as a living.

That was probably clear from the near quarter of a million dollars he made in November from his blog.

He didn’t reach that number overnight. His first income report was from October of 2008.

The blog has been around longer than that, so Pat has definitely put in the hours.

That $213,212 shows what hard work and persistence can do.

Pat has his income broken down into six different categories.

If he wanted to, it could be reduced to four: affiliate, products, niche sites, sponsorship.

Ads are completely gone from Smart Passive Income and he’s still bringing in over $200,000.

Well over half of that comes from products Pat has created.

Yet again proving that creating your own product is where the top bloggers are making their money.

There are a range of products but the top money makers are his courses. He’s got three of them that produced $120,362 in November of 2017.

The next largest category is affiliate income. Thirteen different programs brought in $61,689.

One of the things Pat is most known for is his SPI Podcast.

He’s able to leverage its popularity to attract sponsors. That brings in another $12,000 per month.

Finally are the niche sites.

Pat started his “empire” with a site talking about the LEED exam architects take.

The success of that site led him to start Smart Passive Income. As part of SPI, he has created two other niche sites to show people, step by step, how to earn extra money from a website.

Those three websites still earn over $4,000.

While we can’t all be like Pat, he’s certainly someone to learn from and aspire to.

Conclusion

And there you have it.  Nine different people all making money from their blogs.

Even saying it that way makes the word sound bad. They’re not just blogs. These are legitimate businesses with legitimate founders and CEOs.

Each one has to have a vision. To be successful, they all need to know every aspect of how a business runs.

They’re marketing, R&D, product development, sales, technical writers, creative writers, graphic design, and a whole host of teams all rolled into one person.

And when they level up and can outsource some of that work, they have to manage those teams.

To think that these blogs aren’t businesses is flat out wrong.

To think that it’s impossible to start now and reach Pat’s level of success is wrong too.

It takes time, hard work, and, most of all, patience. It’s still possible, though.

Anything is possible.

Have any of you thought about starting a blog and decided not to?  Why?

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12 Free Apps to Make Money You Must Download ($300 Per Month) https://www.themoneysnowball.com/apps-make-money/ https://www.themoneysnowball.com/apps-make-money/#respond Mon, 04 Sep 2017 06:45:03 +0000 https://www.themoneysnowball.com/?p=631 Wouldn’t it be nice to have an app that you could make money from just for using it? The other day I saw a commercial saying the average person checks their phone 85 times per day.  PER DAY! Since most of us spend so much time looking at our phones, it would be great to …

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12 free apps to make money you must downloadWouldn’t it be nice to have an app that you could make money from just for using it?

The other day I saw a commercial saying the average person checks their phone 85 times per day.  PER DAY!

Since most of us spend so much time looking at our phones, it would be great to make a little money on that tiny screen.

The truth is, you can.

There are legitimate apps out there right now you can make money from.

Some of them need you to give an opinion while others have more complicated tasks.

Either way, you’re making money using your smartphone!  How cool is that?!

None of them are going to replace your income.  Sorry.  If that were the case, everyone would be on the app and no one would be making money.

The beauty of these money making apps, though, is they give you more snow to pack onto your income snowball.

$100 one month, $60 the next month, $200 another month…It doesn’t sound like much right away, but it adds up.

It especially adds up when you take that money and invest it.

Let’s dive into these apps and figure out which one you’re going to download to start earning a little residual income.  Hint: It should be all them.

And an FYI, these apps aren’t ranked in any particular order.

1.  iBotta

Make money shopping with the iBotta App

Apps to make money for grocery shopping.

This is probably one of the more recognizable ones on the list.

iBotta has spent a lot in TV advertising so it wouldn’t be too surprising if you’ve heard of it.  Their commercials are also a little annoying.

Anyway, the beauty of iBotta is that you earn cash back from everyday purchases.

Kind of like a coupon, but even better.

You go through the app and select rebates for things you plan on buying.  You can even do this in the store while you’re shopping.

Then, after you buy the products, take a picture of your receipt.

iBotta will match the products you bought with the rebates you selected and then deposit money into your account.

Simple!

2.  Pact (No Longer in Business)

Make money working out with the Pact App

**Update: App is no longer available.  This list will be updated with a new app soon.

Apps to make money while you workout.

Pact can earn you money or end up costing you money.

The app is a motivational tool to get you working out and eating healthier.

You make a weekly pact to work out or eat healthier.  The goals are targets set by you.

Each pact is with other people using the app.

The catch is, you then say how much you’ll pay other members if you don’t meet your goals.

The beauty is, you get paid FOR meeting your goals.

I read about someone who has made $300 while training for an adventure race.

Not a bad gig getting paid to workout and eat healthy.

Just don’t slack off and start missing workouts.

3.  eBates

Ebates cash back for shopping at Nike

Apps to make money for buying things.

eBates is like iBotta in that you make money for buying things.  The difference is, eBates focuses on larger purchases.

Say you want to buy a pair of Nike shoes.

If you search Nike in the eBates app, it’ll say something 10% cash back with a little “Shop” button next to it.

If you click that “Shop” button, it will take you to the Nike online store.

Now you’ll get 10% off your total purchase deposited into your PayPal account.

eBates gets paid a small commission for “referring” you to the Nike store.  They then split that commission with you.

The cashback percentage varies depending on the store but it works at places like Amazon, Macy’s, Kohls, eBay, and so many more.

4.  Gigwalk

Make money with a side gig using the Gigwalk App

Apps to make money with a side gig.

Gigwalk uses your location and offers up gigs in your area.

The gig can take anywhere from 5 minutes to an hour.  The pay can also range from $3 to $100 or more!

You pick the time and place you want to work as well as the gig that interests you.

Everything tracks through the app and, when you’re done, Gigwalk will send the money to your PayPal account.

5.  OfferUp, eBay, LetGo

Make money selling your old stuff on the eBay, OfferUp, and LetGo apps

Apps to make money selling your old stuff.

Start cleaning out your closet, garage, and anywhere else you might have unused stuff laying around.

Once you find something to get rid of, put it on one or all three of these apps.

All have their positives and negatives when it comes to selling used items, but they’re all going to earn you some extra money.

OfferUp allows you to sell stuff locally with no fees up front and they don’t take a cut of the sale price.

eBay operates more nationally and globally.  You get shoppers from all across the world looking for stuff.  However, eBay takes a cut of the final sale price.

The fee structure can get a little complicated, but the percentages range from 2 all the way up to 15%.

LetGo is like OfferUp.  Most buyers will be shopping locally and they don’t have any fees up front or after the sale.

6. Camera App

Make money with your photos on the Foap App

Apps to make money from your pictures.

You take a lot of photos with your phone so why not make a little money off them.

One app you can use is Foap.

Foap has two ways of making you money:

Sell your own photos:  Take pictures, upload it to Foap, and set your price.  That’s it.

People can search the site based on the description you write and then pay a royalty to use it.

Complete Missions:  Missions are paid for by various brands.  They write a mission statement and offer up a prize money to whoever they decide wins.

You go out and complete that mission statement.  Once your photo is submitted, you wait to see if it is the chosen one.

If it is, you win the prize money and get your photo included in the marketing campaign!

If you’re looking to get into the photography world, this is a simple way to start getting your name out there.

Prize money can vary, but right now the prizes range from $100 up to $500.

Another app is Clashot.

Clashot is similar to the first option in Foap.

You take pictures and sell them on Clashop for 50 cents on up to $80.

When someone finds your photo and buys it, you earn some extra money.

7.  Slidejoy

Slidejoy is one of those apps to make money from your lock screen

Apps to make money from your lock screen.

If you don’t mind looking at ads, Slidejoy will earn you money each time you check your phone.

When you check your phone, Slidejoy will show an advertisement tailored to you on the lock screen.

You can swipe left to learn more about the product.  Swiping up will show you another card.  And swiping right will go to your home screen.

Regardless of which direction you swipe, you earn money.

That money will then go into your PayPal account.

Like I said earlier, the average person checks their phone 80+ times per day.  That’s a lot of swiping that could be going on.

8.  Mobee

Apps to make money from mystery shopping with Mobee

Apps to make money shopping, without buying anything.

Mobee turns you into a mystery shopper to complete missions.

In the app, you’ll select a mission near you.

Each mission comes with a set of instructions.  Typically each mission requires you to answer 5-10 questions.

The questions are meant to help stores improve their customer service and operations.

After you’ve completed the mission, the Mobee team will check your answers within 24 hours for quality and then deposit your cash.

It’s that simple!

9. TaskRabbit

Apps to make money on the side with TaskRabbit

Apps to make money on the side.

TaskRabbit pays you for doing mini side hustles in your neighborhood.

Good at putting together Ikea furniture?  There is a task for that.

Know how to mount a TV to a wall?  There is a task for that.

Enjoy organizing homes?  There is a task for that.

People go onto TaskRabbit needing all these things and more.

You look through all the tasks needed in your area and pick the one you’re able to do.

Once you complete the work, you fill out an invoice on the app showing how long you worked and then receive payment.

While the work does often have a start time set by you and the client, the schedule is pretty flexible.

There are even virtual tasks that you can do from home.

10.  Uber and Lyft

Apps to make money driving people around with Lyft

Apps to make money driving people.

If you haven’t heard of Uber or Lyft by now, you must be living under a rock.  Welcome to the world!

In case you don’t, Uber and Lyft are on-demand ride services.  Instead of calling for a taxi, someone pulls up the Uber or Lyft app and requests a ride.

You’ll need a car and register with whichever company you want to drive for.  You can even register with both and double your odds.

With Lyft, you can make up to $35 an hour giving people a ride in your own car.  Lyft even allows for tipping so that rate could go up.

Uber says the average driver earns around $19.04 per hour.  They also have added the ability to tip.

Along with a car, you’ll need to have valid insurance and registration.

If you don’t have a car, Lyft has started offering an Express Rental Car Program.

Lyft has agreements with rental car companies around the country.  You rent the car for a few days or a few weeks and pay a lower rate than a normal rental car would cost.

It eats into your profits but is a nice option for those not looking to own a car.

11.  BookScouter

Apps to make money selling old book with BookScouter

Apps to make money selling old books.

If you frequent used book stores or have one nearby, this could be a pretty lucrative app.

The app allows you to scan or enter the barcode number of a book.  It instantly compares buyback pricing from leading book-buying websites.

If the book buyer is willing to pay more than what the used bookstore is asking for, buy the book at the store.

Then turn around and ship it to the book-buyer you found on BookScouter for free and at a higher price.

12.  Field Agent

Apps to make money collecting information with FieldAgent

Apps to make money for getting information.

Field Agent is like Mobee in that you’re visiting stores in your area to perform a specific task.

Where Mobee is typically looking for answers to survey questions, Field Agent can ask for pictures of specific products.

It wants to see the product in the real world and verify its pricing.

The app is used by hundreds of small businesses and major companies, such as General Electric, Johnson & Johnson, and Walgreens.

Bonus:  Long Game

Apps to make money saving money with Long Game

Apps to make money saving money.

This is a bonus app that isn’t so much about making money for doing things, but the potential to make money from saving money.

With the Long Game app, you open a FDIC-insured savings account.  The money you deposit earns a very small interest rate like any other bank.

The difference is the more money you save and the longer you keep it in your account, the more Coins you earn.

Coins allow you to enter weekly and monthly drawings to win money.  The prizes can range from $10 up to ONE MILLION DOLLARS!

That’s right, they have weekly $1 million dollar drawings that you can enter for saving money.

It’s like playing the lottery – except you never lose your money.

Conclusion

There you have it.  12 apps and a bonus app that you can start making money from.

On their own, it doesn’t seem like each app pays out very much.  Sure, you could make a lot driving for Uber or Lyft all day, but none of them seem like huge money makers.

I get it.

But imagine if you used every one.  What if you downloaded all 12 apps onto your phone and spent one hour a month on each one?

One hour, per month, per app.  12 hours per month in total.

With pretty much all these you could earn an average of $25 per app in that hour.

At $25 per app, you made $300 in a month!  Not bad for some random apps on your phone.

Now do that for an entire year and you’ve made $3600!  That’s over halfway to maxing out a Roth IRA.

The earnings from one app by itself doesn’t seem like a lot.  Put in a little time on each one and it’ll add up.

Kind of like an income snowball.

 

Have any of you used these apps?  How much money did you make?

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65 Amazing Residual Income Ideas [2017 Update] https://www.themoneysnowball.com/residual-income-ideas/ https://www.themoneysnowball.com/residual-income-ideas/#respond Mon, 20 Mar 2017 06:15:43 +0000 https://www.themoneysnowball.com/?p=135 I’ve spent hours upon hours listening to podcasts and thinking up residual income ideas. There have been courses brainstormed and ebooks I’ve outlined. Review websites I’ve built and a host of suppliers I’ve contacted. With each new podcast about someone making money from a business, I’d run off down a tangent of what’s possible. The …

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An epic list of 65+ Residual Income Ideas

I’ve spent hours upon hours listening to podcasts and thinking up residual income ideas.

There have been courses brainstormed and ebooks I’ve outlined. Review websites I’ve built and a host of suppliers I’ve contacted.

With each new podcast about someone making money from a business, I’d run off down a tangent of what’s possible. The whole time, all I wanted was a list to look at.

Something that I could scan to see what is possible and then choose whichever one seemed the best.

I’d find a few here or there, but nothing much.

Well, because I couldn’t find it on the internet, I decided to create it myself.

Here is every residual income idea I’ve ever come across or thought of.

 

1. Invest in Dividend Stocks

Earning a check from dividend investing

This is a favorite of mine, Warren Buffett’s and a lot of other investors or anyone seeking to make passive income.

Here you’re making residual income from an initial investment of cash. You buy a stock and then on a quarterly or monthly basis a “check” get’s sent to you.

That’s it.  No more time or money need to be spent. It’s like a little ‘thank you’ from the stock issuer.  Read more.

 

2.  Invest in Closed-End Municipal Funds

Closed End Fund Investing

Another one like stocks but the investment vehicle is different.

Someone takes a bunch of safe municipal bonds and bundles them into a fund. That fund pays out a high yield dividend each month as residual income.

The beauty of closed-end municipal funds is that the dividends are tax-free on a federal level. Sometimes even state tax-free depending on the fund. They typically have a much higher yield than stocks, too. Read more.

 

3.  Write an eBook

Write an ebook to earn extra money

Got some knowledge in your head that people keep asking you about? Tired of telling everyone you know how to get free flights? Stop telling them and write an ebook.

There are bestselling ebooks on Amazon that are 20 pages long. With ebooks, because it’s not sitting on a shelf, no one is deciding whether it’s good or not based on the length.

An ebook will sell well if the material is good.

Write down whatever it is you know, put it into a book, and post it on Amazon.  Read more.

 

4.  Invest in a Rental Property

Lots of people have made fortunes off rental properties.

Think how much you have or have had to pay in rent. Now think about if you were receiving a check for that amount from someone else each month? Pretty great, huh?

There are a lot of concerns that come with owning rental property. Maintenance, bad tenants, empty units, but the returns are huge if you’re willing to take on some risk.

 

5.  Virtually Invest in a Rental Property

Realtyshares.com gets you residual income without the risk

You can also get around a majority of those rental property risks and by crowdfunding rental properties. No need for a big down payment either.

The rental check you get each month will be smaller, but so will the headaches.

Join hundreds or thousands of other people on an investment and then split the rent check each month. It’s that simple.  I like RealtyShares for investments like this.

 

6.  Invest in Office Space

Crowdfund your investment in office space

This is the same as investing in a rental property (virtually or actually).

Instead of people living there, you’re finding office space to rent out. A new trend with this idea is to find an old building and renovate it.

Renovated office space is the biggest trend here in Portland. Everyone wants to work in the cool old brick building with huge, open spaces inside.

Again, this one can be a major headache trying to find tenants. Worse than finding renters. It also requires more upfront cash.

Good thing you can invest in office space virtually.

 

7.  Create an App

A simple drag and drop app builder

Apple and Google are trying to make it as simple as possible to make an app.

There are even programs out there that build an app like you’re building a PowerPoint presentation. Drag and drop.

If you come up with an idea that’s too complex, hop on Freelancer to hire a developer with more experience.

Post it on the App Store or Google Play (or both) and watch the payments roll in.

 

8.  Create Software

The Foundation teaches you to build software for residual income

Like building a phone app but it’s online or something a person downloads.

Typically these are more in-depth than an app and need a bit of development on the front end. If you don’t have any programming experience, definitely go to Freelancer for this one.

Call around to brick and mortar business owners and see what problems they’re having.

Say you call around to the dry cleaners in your area and they all have the same problem. Come up with a software idea that solves that problem.

Call back those same individuals and tell them they get a discount on your software with an upfront payment. Take that cash to a developer and get the program built.

Now start selling it to every dry cleaner in the country. Passive residual income with every sale.

This is one of the easier places to earn business income.  There is a host of people out there who started software like this to earn residual income.  After the software took off, their businesses were purchased…for a lot.

 

9.  Rent a Spare Room

Become an Airbnb host and start earning money

Airbnb has made this one super simple.

If you’ve got an extra room in your apartment or house, start renting out that extra room. Sure, you may have it filled with some junk, but clear out some space for another bed.

Then let people rent it out for a few nights at a time.  Space is there, why not take advantage of it?

Go through a service like Airbnb.

You have to be comfortable with meeting new people every so often, but this one doesn’t take a lot of extra work on your part.

 

10.  Make an Online Course

Build an online course and start teaching people

I’ve talked about taking your knowledge and putting it into a blog or an ebook. Making an online course is the third option.

Making a course means you create a blog, an ebook, and a YouTube channel all at once.

The nice thing about an online course, though, is that the timeline is finite. You’re usually working on each of those things for a few months and that’s it. You spend the rest of your time selling.

Teachable makes it easy to build a self-hosted course with all the material and tools you’d need.

 

11.  Peer to Peer Lending

Become a bank and start lending other people money...with interest

With peer to peer lending, you become a bank.

There are a lot of people out there in need of a loan. They may be looking to pay off a credit card or need the money for a home improvement project.

A peer to peer lending site, like LendingClub, pools the money of various ‘investors’ and then loans the money out. Like a RealtyShares.

Like a bank, you earn monthly residual income from the interest payments the borrower is making.

 

12.  Use Cash Back Rewards Cards

Earn cash back on a credit card with the easiest residual income idea

We’ve all seen the commercials, but cash back reward cards are one of the easiest residual income idea to start. As long as you’re smart about it.

I like the Chase Freedom Unlimited because you earn 1.5% cash back on every purchase and it doesn’t come with any annual fees.

But, this method of earning residual income only works if you pay off your credit card bill every month. In full.

If you’re not able to do that, the interest payments are going to kill any residual income you may have been making.

That means, if you’re disciplined on spending, you should be making all your purchases with a cash back reward card.

 

13.  Shop through Cashback Sites

Earn money shopping online with the second easiest of the residual income ideas

If you do any online shopping, go through a cash back portal like Ebates. This might be the second easiest residual income idea.

Ebates looks a little bit like a Google for stores. Say you want to buy something online from Nordstrom. You’ll go to Ebates, search for Nordstrom, and then click the link taking you to Nordstrom’s website. Make your purchase and you’re all done.

You’re not actually buying anything from Ebates but, instead, using it as a gateway. Ebates tracks where you go, what purchases you made, and then gives you a certain percentage cash back.

Combine Ebates with a cash back reward card and that’s a nice little chunk of change coming back for shopping you were already going to do.

 

14.  Build a CD Ladder

How a CD ladder works

Certificates of deposit, or CDs, are a safe way to earn a little higher interest rate on your savings. Especially when compared to bank savings accounts.

The problem is locking your money into that CD for the duration and it’s not accessible.

Building a CD ladder solves that problem. With a CD ladder, you split your money up and invest it in CDs of varying length. That way you’ve always got some of your savings available for an emergency.

This is a poor method for earning income to start an income snowball. It is a decent way to increase your income snowball, though.

 

15.  Install the SwagBucks Extension / Search through SwagBucks

Shop through Swagbucks online portal to earn points

SwagBucks is a bit like a cashback site, but with a twist. Unlike cash back sites where it’s a shopping portal, SwagBucks wants to replace your search engine.

As you do your normal day to day internet searches through SwagBucks, you’ll earn points that you redeem for gift cards or cash.

You’ll also have the opportunity to earn more points by taking surveys or watching videos.

 

16.  Buy and Distribute Candy/Vending Machines

It’s going to take a little legwork and up-front cash, but this can turn into a pretty passive residual income stream.

There isn’t much to it besides buying a candy machine and some bulk candy.

Once you’ve got both of those, start looking around your neighborhood for businesses. Ones that wouldn’t mind having a little quarter candy machine by the door of their office. It helps if kids frequent the building, too.

Ask the owner if they’d mind you setting up a candy machine if you give them a small cut of the profits.

Come back every once in a while to refill the candy and collect your bucket of quarters.

 

17.  Start a YouTube Channel

Create a popular YouTube channel and earn residual income from ads

Kind of like building a blog but with a lot more freedom. Blogs that teach or inform people perform better when it comes to creating residual income.

YouTube videos can be about pretty much anything and still bring in money.

If you’ve spent any time on YouTube, you know there are videos for everything imaginable.

Take whatever hobby you have and start making videos about it. Click a little checkbox allowing advertising on your channel and then get paid while people watch.

 

18.  Make Money on Twitch

Earn money playing video games

Are you good at video games or enjoy playing? Why not make some money while you’re at it?

Twitch is like YouTube for video games. People upload videos of themselves playing and, like YouTube, Twitch sells advertising on the videos.

If you get people watching your videos, you’re going to start earning a share of that advertising income.

This is a residual income idea that completely piggybacks on your hobby.

 

19.  Sell Your Photo Prints

Sell your photos for extra money

If you’re a photographer or think your iPhone pictures are awesome, considering selling your prints.

Set up a Shopify store and install an app like Printful. Upload your photos, set the price and let your customers shop.

Shopify and Printful handle all the hard work. When a sale comes in, Printful creates and ships the poster without you having to do any extra work.

 

20.  Start a T-Shirt Business

Make it easy to sell shirts. Provide the design and Printful will take care of the rest.

Pretty much the same as selling photo prints. Printful will also make T-shirts, mugs, leggings, pillows…you name it.

All you need to do is set up the store, create the design, and find the customers. Printful will take care of the rest.

This can turn into a pure passive income business too.  If you set the store up and get some good designs,  there isn’t a whole lot of work to do.

Wait for people to find your site and hopefully purchase a shirt.  Each new sale will be a nice surprise!

21.  Sign-Up at Banks

Sign up for bank accounts and get special bonus cash

This isn’t a long term money maker, but it will generate some easy money and it’s something you could do for a while.

Banks offer a sign-up bonus new savings account or checking account holders.

There are some hoops you have to jump through, like depositing a certain amount, leaving it in for a length of time, having automatic deposits.

If you’re not afraid of doing a small amount of work to meet all the necessary requirements, this is a great way to make some residual income.

And there are a lot of banks that offer up these bonuses.

 

22.  Create a Comparison Site

A residual income idea that compares products and sells advertising

I don’t know about you, but when I’m trying to decide between two products to use, the first thing I do is a comparison search.

Take a router for example. If I’ve narrowed my choices to the Netgear Nighthawk X4S and the D-Link AC3200, the first thing I’m going to do is Google: Netgear Nighthawk X4S vs. D-Link AC3200.

And there is your website.

Niche down your topic to something you’re interested in. Find all the best products and then start writing blog posts comparing pairs of them.

Put ads on the site and direct them to Amazon with affiliate links.

 

23.  Create a Top 10 Site

Create a site that lists the top 10 products

Like the Comparison Site but now you’re creating a top 10 list of products. This is what I’m looking for before doing a comparison.

Research a product category and then make a list of the top 10 products.

List out the pros and cons of each and why they’re ranked the way they are.

 

24.  Build a Dropship eCommerce Store

eCommerce is one of the residual income ideas with a huge upside

Drop shipping is a program where your supplier takes care of the shipping and handling of your product. You’re responsible for customer service, marketing, etc…

As this becomes popular, there are more and more suppliers willing to offer drop shipping.

Try to niche down on a product category that isn’t too large but is a bit underserved.

Search for a supplier that sells those products and also offers drop shipping. Set up a Shopify store and start attracting customers.

Some suppliers will allow you to send them an invoice straight from Shopify. This means less work for you, but others might need a bit more work.

Either way, it’s all done from a computer so the opportunities for near passive residual income are huge.

 

25.  Build and Maintain a Website for Real World Stores

Create and maintain websites for local businesses

If you’ve ever created a website, whether it’s WordPress, Wix, or Squarespace, you already know a whole lot more than other people out there.

In today’s world, every business needs a website. I get skeptical if a place DOESN’T have a website.

Start searching for local stores online and find a list of ones that don’t have a website. Or, better yet, ones that have a terrible website.

Approach them about making one and, for a small monthly fee, maintaining it.

If you’re able to attract the right businesses, there won’t be a whole lot of maintenance work on the backend. You’ll have income checks rolling in each month for very little work.  This could practically be a passive residual income idea.

 

26.  Create a Niche Stock Photo Site and Get Royalties

Create a niche stock photo site for extra money

Websites are always in need of great stock photos. The more visual a site is, with professional looking photos, the more traffic it’s going to generate.

Not every website creator can take amazing photos and this is where stock photos come in. There are sites where you can go pay a small fee to download and use great-looking photos.

That market is saturated, but you can put a new twist on it. Niche the stock photos down to a smaller category.

If you like snowboarding, start taking a ton of great pictures of you and your friends snowboarding. Then create a snowboarding stock photo site.

The big stock photo places only have a limited number of pics from individual categories. If you dominate your category, every person looking for snowboarding pictures will come to you.

 

27.  Write for Publishing Platforms

Earn money writing for network hubs

If you enjoy writing A LOT, you can make money writing for publishing platforms.

Publishing platforms give you some of the benefits of a blog but without having to build the site and traffic yourself.

You’ll write a high-quality article for a site like Hubpages. They’ll post your article, along with some ads.

Like people clicking ads on your own blog, you’ll get a share of the advertising clicks that occur on Hubpages.

Hubpages will take a share of that revenue, but the reason you publish on there is to make use of the traffic they already have. It’s like selling on Amazon instead of creating your own online store.

 

28.  Build a Book Review Site

Review books and earn affiliate income through Amazon or Blinkist

People always want the skinny on a book before spending the hours to read it. Some will look at the star rating on Amazon, but others want a more in depth review.

Give the people what they want and start a book review site. That is if you like to read a lot.

One cool tool I’ve found to speed up the reading process, which you can use for this site, is an app called Blinkist.

It takes entire books and breaks them down into 15 minute reads.

Read the 15-minute “blink” and then write a review.

 

29.  Build a Fake Online Store and Redirect to Amazon

 

You’re creating a blog with this one, but the layout is more like an online store.

Each product will have its own page with pictures, descriptions, and reviews. If you convince someone to click the “Buy” button it will redirect to the Amazon product page and you’ll get a cut of the sale.

How this would work is if you became the best resource on a product category.

As Pat Flynn says, the riches are in the niches. Find something underserved and create the best resource for it.

 

30.  Photo Booth Operator

Build a photobooth and start renting it out to wedding and parties

I’ve been talking about online or digital work with this list so far, but here is our first physical product.

With a camera, a tablet, and a little handy work, you can create an ultra-portable photo booth that you rent out for weddings and events.

Even if you’re not a carpenter, I imagine you can hire the construction out to someone who is for a few hundred bucks.

Then you need to market it to events, drop it off, pick it up, and you’ve got a pretty simple residual income stream flowing in.

 

31.  License Music

Earn residual income by licensing music you make

This is for all those musicians out there.

While it might not be a dream, licensing music out is a great way for musicians to make residual income. There is the obvious route of trying to get a commercial to pick it up, but that’s a tough sell unless you’re a major artist on a major label. Plus, they usually come looking for you.

Instead, you could use a site like Audiosocket to upload some music for licensing. Audiosocket is a marketplace for music licensing. People search for audio that they’re looking to add to a video, website, you name it.

Another choice is to join Freelancer and work with people directly. They’ll have more input on the “sound” they’re looking for but you would earn more too.

Audiosocket is definitely a passive residual income idea. Working with Freelancer is a higher paying source of residual income with a bigger time commitment.

 

32.  Network Marketing (Avon, Pampered Chef, Advocare)

If you’ve heard of a pyramid scheme then you’ve heard of Network Marketing.

That’s not fair because network marketing is legal while pyramid schemes are illegal.

With network marketing, you join a company like Pampered Chef to start selling their products. Usually, you sell product by leveraging your network.

Where the big money comes in, and passive residual income, is by recruiting other people to sell for you. If you recruit someone, you start earning a slice of their sales. Then if they recruit someone, you’re earning a slice of BOTH their sales.

On and on it goes. I’ll caution that you THOROUGHLY research the market you’re joining. Some of them, while not quite illegal are major scams.

Be careful.

 

33.  Own Storage Rentals

People have a TON of stuff.

We’re great at buying, but not so great at getting rid of. If you walk around an average neighborhood, people are parking in the driveway because the garage is full of stuff.

That’s why self-storage is a multi-billion dollar industry. If you’re able to get some money to buy a piece of land and build a few storage sheds on it, you’ll be able to tap into that market.

At the very least, if you have a backyard, build a shed and start marketing it to people in your neighborhood. I’m sure you’ll be able to find someone in need of storage space.

 

34.  Airline Miles Credit Card

The bonus miles from credit cards can be converted to cash for residual income

I love this one residual income idea.

Airline miles are the often overlooked goldmine. The sign-up bonuses are amazing and it’s an incredibly easy way to get free travel.

Most people shy away because of the annual fees, but you can credit card churn and avoid that. There is a whole trick to it, but just know that applying for a lot of credit cards doesn’t hurt your credit score.

What hurts your score is late payments, no payments, and racking up interest. That last one won’t hurt your score, but it’ll hurt your income snowball.

There are some cards out there that offer 150,000 point sign-up bonuses. That 150k can turn into $1,500. Not a bad source of residual income.

You’ve got to be smart with your money and be able to pay off a credit card every month, but this is a fantastic way to earn residual income.

 

35.  Take Surveys

Take surveys to earn extra money

Companies are always looking for ways to get in the heads of consumers. They have a hard time doing it.

To get more feedback, they offer payment to people willing to take surveys.

We’ve already talked about Swagbucks offering points for the surveys you take there, but My Survey is also a good option. Like Swagbucks, you take surveys and earn points.

With those points, you can get gift cards or PayPal cards that can turn into cash.

36.  Sell Garage Sale/Goodwill Stuff on eBay

One of the residual income ideas that has you selling old things to earn money

Garage sale hunters are onto something.

Garage sales are a treasure trove of discount merchandise. It’s not surprising. Most people hosting a garage sale are looking to get rid of stuff and make a few bucks. The #1 goal, though, is to clean house.

If you’ve got an eye, you can snag something for cheap and turn it around on eBay for a healthy profit.

Gary Vaynerchuck is a huge proponent of this residual income idea.

It takes a little bit of skill to determine what you can re-sell and what is junk, but it’s not a tough skill to learn.

 

37.  Party Chair and Table Rental

Rent out tables and chairs to weddings and parties for income

Weddings cost a fortune. And people are willing to pay a fortune for their wedding.

Part of that cost is renting tables and chairs for the ceremony and reception. If you’ve got some storage space around your house, buy yourself a nice set of both.

Take a few pictures of them and start marketing. If you’re able to undercut the major distributors, you could have a goldmine on your hands.

People are always looking to cut costs and these two items are a perfect opportunity to offer that. Most of the time they get covered up with linens anyways.

Take some time to research what to buy, though. Some fancy looking chairs will cost more up-front, but it may get more business. You can sell the renter on not having to rent chair covers which are another savings. It’s all about the savings.

You may also need to own a truck for delivery and pick-up. Or leave that to the renter, it’s your choice.

 

38.  Franchise a Business

Start a franchise and grow your residual income

Have you ever seen The Blind Side? The story of that wealthy family in Tennessee who took in a homeless kid and raised him. Well, they got all their money from franchising.

Franchising fast food joints to be precise. Fast food isn’t the only option, though. There are even moving companies that offer franchising opportunities.

Do a little research and see which one you’d be most interested in.

Some need a high franchising fee and quite a bit of management, while others don’t.

It’ll take quite a bit of work to get up and running, but the residual income can be great.

 

39.  Start a Fitness Gym

This doesn’t have to be anything fancy like a 24 Hour Fitness or LA Fitness. You don’t need 30 treadmills and 40 ellipticals.

Look for available space near your neighborhood. It could even be office space. I know of a gym that used to be an accountant’s office.

Buy a set of free weights, a treadmill, and a stationary bicycle to start. Then find some customers.

When it comes to gyms, most people are looking for convenience over amenities. If I can save myself a 10-minute drive to the gym, I’m ecstatic.

If you start getting more customers, you can start buying more equipment and expand. Don’t think you have to have the gym fully stocked to begin with.

Something close, simple, and convenient will attract a lot of people.

 

40.  Own a Duplex

Own a duplex and live in one side. Rent out the other side for passive income

Owning a duplex gives you a place to live and a rental for residual income.

If you’ve got the money for a downpayment on a house, look for a duplex instead. Your mortgage payment would be about the same and you’d have rental income coming in every month to help with the mortgage. Or pay for it entirely.

It might not be your dream home, but the money you’ll get from renting out the other half will help you get to that dream home faster. Plus, when you move out, you’ll be able to rent both halves for even more income.

 

41.  Sell Crafts on Etsy

One of the residual income ideas that uses your hobby to make money

If you’ve do any kind of crafting as a hobby, start making money for it on Etsy.

I have a friend who makes custom designed cornhole boards and sells them on Etsy. My wife ordered half the decor for our wedding from various people on Etsy.

Don’t worry about the fear of people’s interest in what you’re making. If you’re interested in it, there’s a very good chance that other people are too.

Take a few pictures of what you’ve already made and create a store. You’ll be surprised with what happens next.

 

42.  Start a Blog

Blogging can be a hobby that brings in a lot of residual income

Like writing an ebook or building an online course, but this one can take a lot more time to be successful. Or, you could start earning money quick, depending on what niche you choose.

With a blog, you create a website and then start sharing content. The content could be informative, it could teach something, it could be entertaining, or news related.

The opportunities are endless.

On your blog, you have the ability to offer up advertising space and promote products. Selling advertising space and affiliate marketing is the easiest way to earn residual income on a blog.

A blog also allows you to create and sell your own products.

With a successful site, you could sell an ebook or course directly from the blog.

Getting traffic to your blog is difficult at first, but the possibilities are endless.

 

43.  Affiliate Marketing

Become an affiliate marketer to earn passive income

Affiliate marketing is typically done on a blog that you own.

You’ll write about or mention a product and insert a link back to that product. It could be on Amazon or somewhere else.

If the customer makes a sale after using your link, you’ll earn commission on the sale.

Like I said, this is typically done through your own site, but you could write on other sites like Medium and insert affiliate links there.

Pinterest also allows affiliate marketing so you could build up a following and direct people through your pins and boards.

 

44.  SEO Consulting for Local Businesses

People only go places in the real world after searching for it in the digital world.

If you’re looking for a frame store, a paint store, a cobbler, or a barber, you’re going to search for them online first.

You’re going to try to find reviews or something that will make one stand out from the other. Something that will make deciding where to go easier.

Local businesses need help standing out. The higher you can rank for a local search, the more business you’re going to get.

If you know anything about SEO or have a desire to learn, this is a great opportunity.

You don’t need to know everything, just more than store owners. Sell them on what you can do and then help them increase their local rankings.

 

45.  Niche Website Portfolio

Start up niche websites and start earning small amounts of passive income from them

Kind of like building a blog, but here you’re creating a series of small and very niche websites.

Pat Flynn has a niche website called Food Truckr that helps people start and grow their food truck business. The audience isn’t massive but there are a lot of people out there interested in the topic.

Because small niches aren’t popular, there isn’t much competition when it comes to ranking. This makes it easy to get a lot of traffic quick.

Now, because the niche is small, the income potential for one site isn’t that big. But money is money and we’ll take it.

If you get good at this, you can start building a portfolio of niche sites. Each one bringing in small amounts each month.

 

46.  Party Hall Rental

Wedding venue rentals is a competitive business…for the people getting married.

Couples are having to find their venue and book them months, even years in advance. The venue owner has to get the word out and wait for people to start calling.

Like renting office space, this one takes even less maintenance.

Imagine yourself getting married. Think about your ideal spot or where you think it’d be fun to host an awesome party.

Now start looking for places for sale that match your imagination.

Some of them might need a little work, but after your initial investment, everything is passive residual income.

 

47.  Sell Resume Templates

Create and sell resume templates for passive income

Every year, thousands upon thousands of people are sending out resumes. People need jobs and in order to get one, you have to send a resume.

People are constantly looking to update their resume or create one for the first time. And they always need help.

Formatting one from scratch is a difficult process that people don’t want to deal with. It’s complicated enough writing the thing.

Create a series of templates and sell them through a site like Gumroad.

Make sure you offer a variety of styles as well as templates for different word processors. Not everyone uses Microsoft Word.

 

48.  Drive for Uber/Lyft

Earn income by driving for Lyft on the side

Another dead simple residual income idea.

This is an easy one as long as you own a car and a driver’s license.

Sign up and put the time in. That’s it.

 

49.  Build a Social Media Following

Use your big social media following to earn income

Making money from your social media account may sound like a dream to a lot of people. The only question a few of you may have is how exactly to do it.

Shay Carl, from YouTube fame, has joined with a few other creators to build Social Blue Book.

You enter how many followers you have on YouTube, Instagram, Twitter, etc…and Social Blue Book will tell you how much accounts are worth.

Essentially, how much a company will pay you to promote one of their products to your following.

They’ll even help you set up the deal with an advertiser.

All you have to do is generate a large enough following for it to be a significant amount of money.

Making residual income from hanging out Instagram all day sounds pretty good to me.

 

50.  White Label a Product and Sell Online

Build your own supplement brand with white labeled vitamins

White Labeling a product means that someone else has created the product and you’re putting branding on it.

One common version of this is white labeling vitamins and supplements. Go through a place like Nutricap Labs and order vitamin C, or fish oil, or any other kind of supplement.

It’ll be their pill formula, but you’ll be able to market and brand it however you like. If you didn’t know, marketing is the great differentiator.

Find an underserved product and white label it. Or find a product that is missing out on a key demographic and start marketing to them.

One example could be multivitamins to teenagers and 20 somethings. Most of them don’t even consider taking a multivitamin every day. But what if you could create a marketing strategy that appealed to them.

Create a site on Shopify and start selling.

 

51.  White Label a Product and Sell on Amazon

Take the exact same process from number 50 and sell on Amazon.

You won’t have quite as much control over the branding, but you’ll already have a built in marketplace with millions of shoppers.

 

52.  Organize Public Domain Information

Organize public domain info into a website and sell advertising for income

Think of this as a phonebook for the internet age.

If you google ‘accountant Portland’ you’re going to get a map of Portland with some accountant locations on it. The next result will be a Yelp site. Then Angie’s List.

But none of these are very helpful when it comes to finding an accountant.

Find all the accountants for Portland and list them all on one page. Break them up into categories so it’s not one long list. Give a little bit of info about each one along with their phone number and address.

Then have Portland accountants buy ad space on your site about Portland accountants.

 

53.  Lead Capture for Real World

Even with a resource like the static guide, choosing an accountant can still be difficult.

Why not let accountants bid on people’s business?

Create a website with an email capture of people looking for an accountant. As a trade-off, they’ll get a short guide on how to choose an accountant. What to look for when deciding on one.

You take those email leads and sell them to accountants. Those emails are gold.

These are warm leads. People that are already looking for an accountant. That’s worth a lot of money.

 

54.  Make a Real World Service and Outsource the Work

Create a real world service and then outsource the work to earn passive residual income

The other day, my dad was going through old home movies of ours. Some of the tapes went to camcorders that don’t work anymore so there is no way to watch them.

Other videos were on VHS tapes and who has one of those lying around?

Make a real world service that takes those tapes and rips them into digital form. Only, you don’t do any of the work.

Use Freelancer to find someone with all the camera equipment and pay them to convert the tapes to digital. Put all the video on a USB drive and send it back.

Find a service in the real world that people need and then pay someone else a small fee to do it. You’re just the one in the middle handling logistics.

 

55.  Rent Out Expensive Equipment

Rent out expensive equipment to earn extra money

I was in Hawaii for my cousin’s wedding and got to talking to the photographer.

Somehow we got on the topic of their camera equipment and how they didn’t ship it over from the mainland.

It would have been too expensive.

Instead, they rented it from a camera shop right on the island.

Find equipment that people need sometimes but don’t want to buy. Then start renting it out.

Cameras are always good. So is video and audio equipment. Tools would be another great option.

 

56.  Become a Digital Publisher

If you like the idea of owning a blog but hate writing, digital publishing could be the way to go.

The Huffington Post, BuzzFeed, Inc.com, all these are digital publishers.

There are thousands of people looking to write guest posts on popular sites around a topic. Digital Publishers give them the opportunity.

They don’t hire many writers, but take submissions from other people and, in return, give them a little by-line with a link back to their website.

The writer gets some traffic to their site and the digital publisher gets free content.

The digital publisher also gets to sell advertising and put affiliate links on their site too.

 

57.  Build a Static Guide and Sell Ad Space

Like writing an ebook, but creating a static site with all the info people need to finish a goal.

Take starting a successful blog. There are hundreds of chapters you could write.

Chapters on setting up a domain, installing WordPress, template design, posting schedule, marketing, SEO, advertisings, etc, etc. etc….

Instead of making that into a blog or selling an ebook, make one static page with a table of contents at the top that links to the various sections.

Choose a topic that has a decent amount of search traffic and you’ll reach #1 on Google if the guide is awesome.

Then sell advertising space.

 

58.  Buy in Bulk from Overseas and Sell Online

Order products in bulk and sell them online for residual income

A company like Alibaba will set you up with a manufacturer in China.

If there’s a product you think is massively overpriced, use Alibaba to find someone manufacturing it in China and order it in bulk. I guarantee there is someone in China making whatever you’re looking for.

Have the products sent to Amazon so they handle all the shipping and handling when an order comes in.

Mark the price of your product lower than your competitor.

People might see you as the cheap knockoff, but who cares as long as you’re bringing in some residual income.

 

59.  Create a Deals Site for Your Niche

Negotiate sales for niche products and take a small cut to earn extra money

AppSumo does this for apps that entrepreneurs would find useful.

StackSocial does the same for online courses.

They find a product and negotiate a massive discount. That discount gets passed to the customer and they split the profits.

It works well for the creator of the product because the deal sites usually have massive followings. People that may or may not have heard of the product before.

Most of the time it’s digital products so there isn’t a concern with the cost of goods. It’s all digital so even though it’s a huge discount, all the money is profit.

Choose a niche you’re interested in. Say photography.

Find all the classes, ebooks, photo apps, and software. Start negotiating with them to sell their product at a deep discount.

Build a website or Shopify store and start selling.

After a while, you’ll start building a bigger mailing list and be able to take a larger part of each sale.

 

60.  Build a Niche Specific Jobs Board

Residual income idea that has you creating a niche job board

Sites like Monster, Indeed, LinkedIn are helpful in finding a job, but what if you’re looking for something more specific?

Business owners want to target qualified individuals interested in their industry.

Why not give them a place to post their jobs and people with the skills a place to look?

Niche specific job boards give both groups the opportunity to find the perfect match.

Say you’re into programming with Ruby. Create a specific job board for Ruby programmers.

Then have employers looking for people with Ruby skills pay you to list their openings on your site.

They’re willing to do it as long as they’re getting qualified candidates.

 

61.  Create an Extension for Chrome

Chrome extensions don’t get nearly the attention as Android or iPhone apps, but they should.

Right now I’ve got 19(!) extensions running on my Chrome browser.

There are millions of people using Chrome and are always looking for cool and helpful tools. Just like people are looking for them on their phone.

Come up with a great idea and hire someone on Freelancer to create it.

Sell it on the Chrome Web Store and watch the money come in.

 

62.  Repackage Content Into a Guide

If you’ve got a popular blog, this one is dead simple.

Take a dozen or so of your most popular posts around a topic, package them together and sell it as a guide.

The material is already written. To call it a guide, you just have to compile it into an order that makes sense.

Sell it on your site or through Amazon.

 

63.  Create a Niche Podcast

Book Riot is a niche podcast with interviews of authors. It's making money selling ads

If you hate writing and feel really uncomfortable about being on camera, starting a podcast may be for you.

Besides a mic and some simple editing software, there isn’t much to it.

Pick a topic you think you could talk about, week in and week out, and start recording.

Get friends to come on your show and talk about it with you.

Once you grow the audience, you can start selling advertising space like an over-the-air radio program.

 

64.  Buy Keyword Rich Domains

Resell keyword rich domains to people willing to pay a premium

Buying domains is a tough game to master but the payoffs can be HUGE. Like hitting the lottery type of money.

Noah Kagan of AppSumo and SumoMe fame just spent over $1 million dollars buying the domain sumo.com.

There is a bit of luck involved. Hoping that somebody comes along willing to spend that type of money to buy a domain. But it does happen.

 

65.  Sell Digital Creations

Sell digital creations online to earn passive residual income

If you’re creative and enjoy making digital products, start selling them online.

There are marketplaces for fonts, icons, website templates, graphics, and on and on.

You could do this on your own website, but I recommended going through a place like Creative Market.

Sure, they’ll take a cut, but it’s a marketplace with traffic and customers already built in.  Start there and then maybe branch out to your own site.

 

And there you have it,  65 residual income ideas.  Hopefully, there was something in there to help you get started making a little extra money to build your income snowball.

If that list seems daunting, sign-up for the mailing list and I’ll fill you in on 3 residual income ideas that you can start tomorrow.  They don’t cost anything and require little to no time at all.

 

 

Disclosure: All investments entail risks. There is no guarantee that investment strategies with RealtyShares will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those discussed, if any.

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