“If you don’t find a way to make money while you sleep you will work until you die” – Warren Buffet
Money is important and there can be no doubt about it. If the money you earn does not satisfy your basic needs then there is no chance of being content or happy in life. In fact, it is the need of money that urges us to go to work every day, but are you earning enough? If you look around you will find a lot of things you might want to buy, but are unable to do so due to your depleting bank account.
So what will you do? How can you get that extra moolah that you might be craving for? The answer is through Passive income. Check this out as the website is really providing a reliable way to make passive income online.
Wikipedia describes passive income as “income resulting from cash flow received on a regular basis, requiring minimal to no efforts by the recipient to maintain it.” Although the part of the definition which states “no effort” is quite alluring, you will need, on the contrary, to put in some amount of efforts, which has to be exerted up front and then might have to be continued over some months, and maybe years before your ventures start giving you profits.
You might find a lot of passive income ideas floating in the market, enticing because many of these ideas might claim that you can earn handsome money without putting in any efforts. This is a misconception and it rarely happens. With passive income, you have to put in some efforts at the beginning which can be a complex one like putting up a website and then frequently updating it and promoting it or can be a simple work like using a certain app or website or card to earn some extra cash. The point of opening these avenues of passive income is not only to increase your earnings but also to provide you with some breather during your hard days, or to accumulate some funds to meet your emergency requirements. Whatever the requirement may be extra funds are always welcome. Here are a few ways you can generate passive income while surfing the web:
This site allows you to earn points for watching videos, completing short surveys and more. You can redeem those points for cash and gift cards. Swagbucks claims to have paid more than $120 Million in gift, cash and cards to its members till date.
2. Start a website and earn money:
You can start a website and earn money through affiliate marketing and direct advertising, once when your site is up and running and you get good traffic through search engine optimization you can continuously start earning handsome revenues for years.
3. Participate in market research:
Market research companies want to utilize your services to collect data on consumer interests, their spending habits so that they can market their products in a better way. Typically these companies do the research via online questionnaires and they are always searching for new participants and if you can do the survey as per their requirements, they pay you for your efforts. You can visit sites like Survey Junkie, and create your profile and complete the virtual survey to earn virtual points and get paid by redeeming those points.
4. Write a book and self publish it on kindle
If you have the skill and some good knowledge on something that other people are searching for then you can write a guide and sell it. You do not have to write a novel or short stories. Just look out for various queries that are easy for you, yet hard for others to find. You can then do your research well to collect as many details you can and compile those points to write a book. You can look at Fiverr or other online sites to find some good graphic designer to make your book cover and employ someone to do the formatting as per Amazon’s requirements.
5. Display Ad Network
A lot of bloggers begins their blogging journey with display advertising. It is pretty hands-off. All you need to do is ask your developer to insert an ad code in your sidebar widget. You can also do it yourself in a post that you do and can earn by click or impression. You will find a lot of bloggers doing well and generating income from these kinds of avenues.
6. Earn money online while surfing the net:
Have you heard of InboxDollars? If you haven’t then it’s the time to do some research on this. InboxDollars is another market company that pays you to use their search engine instead of some of the popular ones like Google or Bing. The intention behind this that they, in the process, will learn more about the search habits of its visitors and uncover the pattern that may be valuable for companies.
7. Get Paid to Test Websites:
There are a lot of website companies who are willing to pay website testers to give their opinions on websites. You might be asked to provide your opinions related to design, quality and ease of use of a site. Your opinions are valuable to the companies because these inputs allow companies to make changes to their websites because every company aims at providing a better online experience for their users and grow traffic to their sites.
8. Become a freelance writer:
It is not a myth anymore; there are many freelance writers who have left their full-time job to put their writing skills to good use and earn a pretty hands-off. You don’t need prior experience in writing, to evolve into a successful writer. If you do not know how to get started, you will find a lot of online tutorials to give you ideas about how to take the first plunge.
9. Become a freelance proofreader
If you have a sharp eye for details then you can start earning money by working as a proofreader. Use those hawk-eyes to some good use to check an article that has been submitted to you to proofread. You can do some research on the web to find out the do’s and don’ts required to become a good proofreader. Learn about the most popular proofreading tools. You can visit various social sites to find clients or even learn how to find them.
10. Become a Virtual Assistant
If writing or proofreading is not your cup of coffee then you can opt for administrative or data-oriented tasks. If you are interested in such tasks then you can take up the job of a virtual assistant. Businesses use virtual assistants to perform tasks like booking the hotels or travels, answering emails, social media management, email management and more. You can offer a range of services to your clients virtually, and decide the rates you want to provide.
11. Become an online English teacher
If you have a Bachelors degree and English classroom experience then you can easily pick up this home based job. All the classes are taught via webcam. You can earn a good amount of money per hour. You can visit sites like VIPkids to apply for such jobs.
How you want to utilize the internet is up to you. In this digital age, there are no dearths of opportunities to work from home and earn money online. However, if you feel that leaving your laptop in the corner of your room will help your bank account to explode then you should shrug off this Utopian idea and put in some efforts.
If you are trying to make money online then chances are you might not get it on your first attempt. That’s fine. You can keep experimenting and keep learning and eventually you will find the right online money making opportunity. So keep surfing to discover various ways the internet can help you earn money and grow your passive income.