If
you're interested in making money but don't want to take a second job, you
should consider making passive income. It's basically money you earn
consistently without doing much or even anything at all. Of course, you do have
to put in a lot of work in the beginning, but once you set up the passive income
revenue stream, you can just sit back and enjoy the fruits of your labor
without lifting a finger. Here are some ideas:
·
Write
a book. Writing a book means
you can earn money off of the sales once you've published it. You can always go
the ebook option and self publish, or try to find a publishing house that will
take you on.
·
Create
an app. Create a smartphone
app and earn money every time someone downloads it. You never know what will go
viral and how quickly you can make money if your app's a hit. In fact, the
silly iFart app even generated
$30,000 in just one day.
·
Start
a static blog. Spend some time
building a website in an area that interests you and other people. Focus on
topics that won't ever get dated ("how to" articles are pretty
evergreen) that you know people will be searching for. Host ads on your site.
Once you have some good content on your site, you can quit writing and make
money off your old content.
·
Write
articles online. You can make money if
you get approved to be a writer for About.com.
You'll get paid to write the articles in the first two years. After that,
you'll be paid according to page views. Once you've put in the initial effort
to write the article, you can just make money off of the views in years to
come.
·
Create
a YouTube video. Shoot a video for
YouTube, and if your video becomes popular, you can run ads on it to make
money. The amount you earn varies, but many people, such as Justin Bieber, have
launched careers out of it, and popular YouTubers are making over six figures.
Read
on for more.
·
Take
beautiful photos. If you've got an eye
and passion for photography, sell your photos to sites like Shutterstock — a place where amateur photographers can sell
their photos. You'll earn a commission that ranges anywhere from 25 cents to
$75 or more for every image downloaded. There are other similar sites like iStockphoto and Shutterfly, so be
sure to do your research and pick one that works best for you.
·
Draw
and design graphics. The photo websites
also accept illustrations and graphics. You will still earn money for each
download.
·
Make
a t-shirt. Design a t-shirt for Threadless,
and if your design is popular among the site's community, the company will use
your designs for the next Threadless shirts. If your design is picked, you'll
get $2,000, a $500 threadless voucher (which you can redeem for $200 cash), and
another $500 every time your t-shirt is reprinted. You can also design and sell
t-shirts as well as other products on sites like Zazzle and Cafe Press.
·
Sell
insurance. If you sell insurance,
you will not only make money when you've closed a deal, but some companies will
also give you an additional commission when your customer renews his insurance.
·
Stock
dividends. One of the more common
ways to earn passive income is investing in stocks that pay high dividends.
Here's a list of some dividend-paying stocks with high rates.
