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As I mentioned in the introduction of this guide, any business can be a passive source of income if youre not putting much time into it. Normally, that means hiring people to do the work for you. However, some kinds of businesses require a good deal less work than others, and you may not need to put in more than just a few hours each week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with essentially no attempt. Youll download their app to your smartphone and theyll get access to your browsing information, which they use for study purposes. Each week youll earn 5 credits.
Youll also get a bonus when you first sign up. Ive been using it for a while now and Ive earned a few gift cards so far. .
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Royalty Exchange is a marketplace where you can invest in royalties. Artists and musicians can raise money by selling the royalties to their job. As an investor, you can earn money passively from the investment.
Paribus is a free app that will automatically hunt for refunds which are owed to you. When you make a purchase from a store/website which has a price match guarantee Paribus will search for a lower cost, and if it finds one it can help you to have a refund for the difference.
When the shipments are overdue, Paribus can help you to get compensation for it. .
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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors receive up to 12 percent returns and are paid every month. I havent personally invested with AHP, a knockout post but I did a little research and found many men and women who had favorable experiences with the investment. Its currently closed for new investors, however there is a wait list readily available for their next fund.
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Netspend delivers prepaid debit cards, which are often used by those who dont have bank accounts. Which may not be of much interest to you. However, a side benefit is that if you have a pre-paid card you can also install an FDIC-insured savings account together with Netspend that pays 5% interest.
You can have several accounts, apparently around 6 for $6,000 complete. For a far more detailed look click at this, please see How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .