This article was written by guest contributor, Mike Abelson. Mike Abelson is the Marketing Manager at Lendza. Mike enjoys helping entrepreneurs and startups succeed through smart and innovative marketing strategies. He’s partnered with CEOs and executives to grow businesses from the ground up. Mike believes that the customer is a company’s most valuable asset.
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Here's the deal: anyone will always appreciate an extra stream of income. The problem is, not everyone has the time or energy to do so. Hence, the challenge is to find a way to make money without a lot of effort. This method of earning is also called passive income.
We are very fortunate to be living in the digital age since making money passively is now more accessible than ever before. In fact, most of the ideas that we are going to share below can be done online or in your own home. Let's begin!
Here are 12 of our favorite ways to make money without much effort.
Rent out Your Space Through Airbnb or VRBO
Do you have an extra room that you're not using? Turn this space into profit by offering it to weary travelers in need of a place on a short-term basis.
You won't really have to spend a lot to get things ready, especially if your space is already furnished and decorated. And aside from keeping the place clean while it's waiting for the next tenant, all you will need to do is to post your available space at the Airbnb platform, and they will handle the rest.
You don't have to limit yourself to one room, either. Renting out your entire abode can make room for you to visit family, friends or go camping––all while stashing away more cash than you would if you just had a room available.
Social Media Marketing for Businesses
Do you find yourself spending most of your free time on social media? We do too! There's no harm in some mindless scrolling once in a while, but we'd rather turn it into a money-making opportunity. How, you may ask? Through social media marketing that harnesses your ability to get noticed.
If you're confident that you can rev up some attention for a business through strategic posting, you owe it to yourself to look into and maybe even give it a try.
Don't worry if you have never dabbled in this field before––you can improve your credibility and fine-tune your processes by first helping out friends and family members with their businesses.
You can then use their social media profiles as your active portfolio (or proof that you can really deliver the numbers you say you can).
Provide Sitting Services
Do you have a lot of free time coming up, but you don't necessarily want to spend it working? Well, what if we tell you that it is possible to sit and watch Netflix while still earning money? It's possible by providing sitting services and is not limited to just babysitting. You can also take care of pets while their owners are gone.
Looking to grow your network? Check out Rover, a platform to connect pet parents with a variety of services, including pet sitting, dog walking and drop-ins during the workday.
There are even passive income opportunities for those who enjoy driving. Here are a few of our favorite jobs tailored around your car.
You can sign up as a driver for a ridesharing platform and drive people around during your spare time.
If you don't enjoy driving around people, then you'll probably enjoy delivering food and other items instead. There is a lot of food delivery and courier platforms that you can sign up for online. Our favorite is Doordash.
Finally, you can use your car as a moving advertisement for companies. Your car will probably stickered up, but if you don't mind it, then you can expect a pretty decent earning from it. You won't even have to do anything extra. Simply use your car as you normally would and let the stickers do their thing.
Playing video games is probably one of the most enjoyable ways to earn money. There are three ways to make this possible:
Film Your Gaming Session
You can play any video game that you want and stream it online. It can be any game under the sunーPC, console, even mobile. You can then film your gaming session (either live or pre-recorded) and upload it on a popular video-streaming platform like Twitch or Youtube.
You can also make some money as a professional gamer in competitions or tournaments. It will take a lot of practice to win it big, but if you're already playing the game anyway, then it won't technically be counted as "additional effort," right?
Get In Some Hours
Finally, there are mobile games that provide cash incentives, coupons, and other perks just by playing their game daily. It's almost too good to be true.
While you shouldn't expect it to be as profitable as the previously shared methods, it can still add to your income nonetheless.
Are you fond of taking pictures of literally anything under the sun? Those images can be an income-generating opportunity as well. You can sign up as a stock photographer for stock photo platforms online.
Your pictures will earn income with every download. Just make sure your photos are uploaded and available, and let your creativity work for you.
Create Digital Products
Speaking of making your work available for download, you can also do the same for printable quotes, worksheets for children, adult coloring pages, eBooks or any digital product that you can do and think of.
All of these products will only require your effort in making them, and in return, they will allow you to earn money with every download for as long as you wish.
Here's a pro tip: Don't limit yourself to downloadables. There are print-on-demand platforms that allow you to upload graphic art and print them on physical products (such as shirts, pillowcases, mugs and more) that online customers can purchase.
These companies will cover the inventory, printing, and shipping of these items. All you need to do is upload your designs and wait for your profit to come in.
Invest in Financial Products
Finally, you can invest in different financial products and just wait for your money to grow. There are different stocks, funds and bonds that you can put your money in. If you aren't sure where to start, there are a lot of apps that walk you through the process.
Each will come with its own level of risk, true, but the rise and fall of stock values won't really matter much in the long run. Your money will always grow, granted that your chosen company doesn't go bankrupt within your investment time frame.
Fortunately, there are a lot of companies that you can confidently trust to stay in power even after a decade from now. What's more, is that the recent health crisis has made a lot of these companies' stocks more accessible.
Airline companies, for instance, are a good choice. Most of them have only experienced all-time lows due to the current travel restrictions, but once these have been lifted, you can expect their stocks to return to their usual value. They might even rise exponentially.
The ideas we have featured above are not the only ways to earn passive income online; these are simply our personal favorites. Feel free to explore other options as well.
To end, here's one last tip. Make sure that you enjoy the option you have chosen. Having fun can significantly lessen one's effort, after all.
You might also be interested in: 51 Side Hustles To Bring In Extra Money
12 Easy Ways to Earn Money:
- Home Share Your Space
- Social Media Marketing for Businesses
- Provide Sitting Services
- Drive for a Rideshare Company
- Deliver Food and Groceries
- Use your Car for Advertisements
- Film and Stream your Video Games
- Compete in a Professional Video Game Competition
- Play Games Daily
- Take Pictures for Stock Photos
- Create Digital Products