21 Ways To Make Some Extra Money In College!

So, you’re in college – congrats! By investing in yourself, you’re taking a great step forward in securing your financial future. Trouble is, though, until that point when you’re out in the real world launching that lucrative career…. you’re flat broke.

Don’t lose any sleep over your current money probs. There are plenty of ways to bridge the gap between where you are, and where you want to be.

Here are 21 suggestions for rolling in the dough – ok, at least fattening your wallet – while you’re in college.

1. Drive for Uber or Lyft.

This wildly popular avenue to potentially high earnings is sweeping the nation, putting people in the driver’s seat of setting their own sked and working independently.

Sure, there are requirements, such as a vehicle that’s not a clunker, but once you jump through a few hoops, you will be up and running.

Driving for Uber or Lyft lets you work when you want. You simply turn off your availability through the networks and get back to your studies on business administration, art history, or what have you.

With would-be customers clamoring for rides day and night, you can pick up fares around the clock.

Uber
Uber App

2. Sell unwanted and unused items online.

It’s an old adage that still holds water: One man’s junk is another man’s treasure. That guitar you haven’t picked up since your high school days, the perfectly good laptop that’s accumulating dust, or the tux you bought for prom because it was just as cheap as renting could be gold for someone else. Go on Craig’s or eBay and list your junk, er, items, alongside stellar photographs and watch the deals roll in.

Want to take this a step further? Ask a few of your friends, particularly the lazy ones, if they want you to sell some stuff for them online. Sell items for your friend online and keep a cut for yourself!

3. Design websites for small businesses.

Admit it, you have a flair for design and secretly love playing on the computer with color, fonts and logos. There are zillions of small businesses out there that don’t have the budget to have a web expert on staff, and some of them don’t even realize the potential for growth leveraged by a solid site and memorable logo and branding.

Finding these hidden gems is simple enough: Google businesses near you in an area of interest, say, dog groomers, or chiropractors or clowns who do birthday balloon sculptures. Compose a generic pitch outlining your skills, then personalize it to their niche and get that message out there. You can crank out a dozen emails in less than 10 minutes while your college student staple dinner – boxed mac and cheese – is boiling.

Create some sample logos for anywhere – doesn’t matter if you’ve been paid to craft them or not – and ask every new client for testimonials. Also ask for recommendations, and watch business grow through word-of-mouth.

4. Tutor other students over Skype.

You can tutor a ton of kids of all ages without ever leaving campus. Put your natural acuity for algebra, or that high school Spanish you mastered to work and you will find lots of struggling students looking for help.

Nailed your college essay? Critiqued the works of Shakespeare? Find your strong points and make the most of them! You can also offer tutoring to international students of all levels in math, history or English.

5. Take care of pets for others.

Sure, there are dog walkers out there, but how many are willing to roll up their sleeves and give Fido a bath? Hand out business cards and stuff flyers in neighborhood mail boxes offering a full range of services. Some work-obsessed people have even been known to look for others to play with their dogs (they call it “socialization”) during busy weekdays.

If you can manage more than one leash, walk several at a time! Throw a galvanized tub in the back of your car with some dog shampoo and offer on-site scrubbing for dogs of all sizes and breeds. Or invest in a brush and offer to comb out snarls. Or clippers to trim nails. You get the idea.

If you’re a true pet enthusiast, people will pay big bucks for your care and attention to their pups.

6. Plan parties and events for others.

Speaking of work-obsessed people, many parents today lack the time and patience to plan a children’s birthday party at the local bowling alley, play place or even their own backyard.

Suggest a theme, shop for paper goods, hire that clown, order the cake. Extras could include personally designed invitations, tracking RSVPs, and taking photos/videos of the event itself.

7. Become a personal shopper or assistant.

No, we are not talking about someone who buys clothes for a wealthier person. Amazon has cornered that market. We mean everything from a trip to the grocery store to a run to the dry cleaner to delivering outgoing mail to the post office.

Perhaps a better title would be “errand assistant.” Grocery stores charge high premiums for assembling items off a list and getting them bagged and ready. You can do this for people, and add the service of convenient home delivery. Along with a standard charge, you may even get tips.

Try apartment complexes near campus for starters and watch business take off.

woman-3040029_960_720.jpg
Woman Shopping, Pixabay

8. General car service and maintenance.

Think hard about things required by car owners who have no time or inclination to do them.

Start a part-time business installing new windshield wipers, helping out with flat tires or even changing oil at customers’ homes.

9. Driving instructor or tutor.

Speaking of cars, this is one of those required parenting tasks that many people do not look forward to at all.

Make sure your parallel parking skills are up to snuff, then advertise driving lessons to teens. Check with your insurance carrier first, of course, but this is a niche side hustle that isn’t as well known yet but would be very sought after and propel your earnings into high speed.

10. Create and sell an online course.

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Screen Shot 2018-11-29 at 11.33.17 AM.png
Course Creation Companion, Free Online Course Guide!

Ryan Scribner, one of the site authors, offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest. There are countless examples of people who are making $100,000 or more with an online course.

Take Tai Lopez for example. In this video, Tanner J. Fox estimates that he does close to $90,000,000 a year in revenue from his online courses and coaching!

11. Manage social media accounts for small businesses.

Investing Simple is affiliated with Kevin David.

Many people don’t know the difference between a Tweet and a Facebook post, or what Instagram even involves. Whether they want to learn these skills for a small business or for keeping in touch with family and friends, you can use your knowledge and experience with social media to teach others lacking understanding and practice. There are plenty of technology shy people out there too embarrassed to ask for help but willing to work privately with someone who knows their stuff. Leverage the social media know how you already have into a great consulting gig!

Check out this video to learn more about how you can make money through social media marketing. Here is the free training link.

12. Babysit or become a part time nanny.

Gone are the days when an evening of watching kids sent you home with a $20 bill.

These days, parents will pay a premium for a trusted, responsible person to babysit. Ditto for a part-time nanny, which usually includes your meals. You might want to register with a reputable child care company online that pre-screens everyone and will help get your foot in the door.

13. Launch your own blog. (Like we did!)

This will require some initial time invested, but hey, if you love to write it won’t be difficult to churn out blogs about anything and everything.

Get blogs up and running, then pitch your services to small local businesses who aren’t yet up to speed with social media and the attention it can command. Find a niche market, thoroughly research your subject matter, then spend a few hours a night at your keyboard. Always ask everyone on your client list to refer you to other business owners.

You may even want to attach a perk to referrals, such as 5 free blog articles if a referral proves fruitful. Now get typing!

14. Write an eBook and sell it on Amazon.

While you’re polishing your writing skills and becoming an expert on a niche topic, expand on your word count and create an eBook.

Selling books via Amazon is a stellar start to earning passive income. That means you’re making money without active work on your part once the initial time investment is made. Your eBook could be selling while you sleep!

The eBooks cost nothing to produce since they sidestep the traditional publishing process, and makes you money based on sales. Talk it up among family, friends, your parent’s neighbors, distant cousins, anyone you can think of who will support your work. Ask for testimonials touting the eBook as clearly the next best seller. Who knows, a publisher may get wind of your book and pick it up for paperback publication.

One caveat: always have your manuscript professionally edited and proofread, because you’re only as good as your work is concise, accurate and grammatically on point.

15. Become a personal chef or baker.

Love to cook? Have a ton of recipes from your Grandma? Able to bake (and decorate!) fancy cakes? This could be the money-maker for you. Get word out about your small business, then whip up samples for hungry prospective clients.

It would be wise to stick to your strong points rather than taking on something new, but that gives you the opportunity to market yourself as The Pasta King, or The Cupcake Lady. Once you’ve gained confidence and compliments, set up cooking classes for small groups of novices. Most high schools and veteran’s organizations have commercial sized kitchens where you can teach people everything from omelets to chicken marsala to red velvet cake (hungry yet?) It’s amazing how much people will pay to watch other people cook for them, so give this side hustle a try, from soup to nuts.

16. Wash and detail cars.

Taking a vehicle through a commercial car wash comes at a high cost for a little soap and water and some turbo brushes. You can pay an average of $15 for a simple, no frills wash and dry. But nothing beats a good old hand wash and buffing to dry. Get your name out there, then make a small investment of gas for your own car and go wash vehicles on-site. Add waxing services, then take pics of your finished work for advertising purposes. Bonus: you’ll be working outside, which is a great contrast to the college dorm or library or lab.

17. Become a mystery shopper.

This income option isn’t well known, but many mid to large size companies offer mystery shopping gigs. Mystery shoppers blend in with customers and make transactions, including buying and return, then provide feedback about the retailer. This can be done at a physical store, or if you’re lucky and look hard enough, you can get shopping jobs at an online store. Google “Mystery shopping” to start, or if you really want to put yourself out there, contact companies and pitch your mystery shopping services. Restaurants also use this service, and many offer free meals!

18. Clean homes and offices.

Another ideal side hustle because this can be done at night. Cleaning offices can be as simple as vacuuming and taking out trash! Pop in earbuds and zone out; the work will be done before you know it. There’s a huge demand for house cleaners, and this can be done around your class schedule. Most people have cleaning products at their houses, so all you need is energy and motivation, and maybe a couple friends to get the jobs done quickly. Most cleaning services come with a hefty price tag. Find out what the going rate is in your area, then go 10% lower to reel in more customers.

Cleaner
Cleaning Floor With A Mop

19. Write cover letters and resumes.

You will be doing your own resume soon when looking for a job post-graduation, so why not hone your skills while helping others? Many people freeze up and get writer’s block when it comes to composing cover letters and resumes. You can start with a template then work in the details for each client. Take the time to consult with clients first (electronically) so you have a good working knowledge of their strengths, accomplishments and career goals. This will also help you organize your own resume that will stand out from the sea of applicants.

20. Flip cars on Craigslist or other marketplaces.

One of the best ways to make some extra side money is flipping cars. If you know what you are looking for, you can find great deals on used cars online. This is usually a result of a seller needing to get rid of a car that day for some reason. While you should be mechanically inclined, this can be a great way to make some extra side income!

Check out this video here. These guys flipped a 2007 Toyota Camry for a hefty profit of $1,000! You can too.

21. Build a following on Instagram and make money.

Investing Simple is affiliated with Online CEOs by Josue Pena.

Use what you do every day to your advantage. There are so many businesses getting left behind because they don’t know how to use social media. If you are able to help businesses with their social media and get them more customers, they will pay you massive sums of money.

Take Josue Pena for example, he has a social media marketing agency that does close to $100,000 per month in revenue. It took Josue months to learn the ins and outs of social media, but now clients all over the world pay him for his expertise.

Here is a video that talks about his social media marketing agency.

Click here for a free Instagram training guide by Josue Pena!

Become an expert on Instagram and other social media platforms, then go look around where you live for local businesses you think could use some help. Take over their social media, and get them more customers while earning a monthly retainer in return.

Once you become too busy, hire an employee or outsource the work to someone overseas! This business is very easy to scale.

Got a money making idea for college students? Comment below!

6 Best Passive Income Ideas For 2018

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

Welcome to the new frontier of making money, where there are countless ways to earn it. Some of these money making methods are passive, where you do not have to trade your time for money! Here at Investing Simple, we love passive income.

But there is a catch: You need to put in time setting it all up. Lots of time.

The investment, however, is well worth it.

In other words, you work a lot today, and you don’t work nearly as hard tomorrow!

It takes time and patience to start seeing money coming in with passive income. That’s why most people just get jobs. My favorite definition of passive income is that it is income paid on your past efforts. Put in the work today and reap the benefits tomorrow!

Here are our favorite passive income ideas for 2018. 

1. Real Estate:

Real estate is one of the best ways to make passive income. At first, this is going to anything but passive! You will be managing the property, collecting rent and making repairs. Down the road, you will be able to hire a property manager and this can become passive.

If you want to learn more about investing in real estate, check out Graham Stephan on YouTube. He became a millionaire in his 20’s simply by saving his money and investing in real estate.

Here is a great video on investing in real estate by Graham Stephan.

If you don’t have the money for investing in real estate on your own, another option is to invest in real estate through Fundrise!

With Fundrise, you are pooling your money with other people and investing in real estate projects. Fundrise is a relatively new investment, but so far they have seen 8 to 11% returns. This type of real estate investment is 100% passive! You put your money to work and you sit back and earn your returns.

32
Fundrise Returns 2014 To 2017

Click here to learn more about Fundrise.

Another way to make passive income with real estate is by offering short term rentals. If you live in a tourist area, this is a great option. Rather than renting your spare living space out for extended periods of time, you can often make more money doing short term rentals on sites like AirBnb.

While AirBnb is great, you are actually better off building your own site for rentals. This will cut out the middleman and keep more money in your pockets since you will be avoiding the AirBnb fees! At first, this will be active income but down the road you could hire a property manager for a fee.

2. Dropshipping:

One of the most popular ways to make money online these days is by dropshipping. Essentially, you are selling products that you are never putting your hands on. You build out a website, run ads to get traffic to the site and then fulfill the order.

For example, many people are creating a Shopify store where they can sell products from AliExpress. Keep in mind that it will take weeks if not months for products to ship from China, so you want to be transparent about this on your site!

A better way to dropship is to ship the products to the United States first and pay for fulfillment services. This will significantly reduce the shipping time.

Dropshipping Model.png
Dropshipping Explained, Oberlo

3. Online Courses:

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest.

TIP: Ask people who’ve completed the course to write a testimonial praising it, and publish their words.

4. YouTube Videos:

One of the coolest ways to make passive income is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue.PNG
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education YouTube

You are reading that right. Jeremy is making over $16,000 a month with his YouTube channel! There are countless YouTube channels out there pulling in over $100,000 a month just in ad revenue.

5. Affiliate Marketing 

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Link a product to your blog, YouTube, Instagram, Facebook, etc.

Every time someone clicks on the product and buys it, you get paid a royalty.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

6. Stock Market:

Here at Investing Simple, our favorite way to make passive income is to invest in the stock market. This type of investing can be 100% passive!

It may seem dicey or risky, but if you put in the time to learn about the ins-and-outs of playing the stock market, you can take small steps to start based on a long-term plan.
There are tons of sites for tutorials aimed at newcomers to the stock market, teaching you the lingo, how to assess your risk tolerance, and even giving stock tips.

Check out our beginner’s guide on investing in the stock market here!

6 Realistic Ways To Make $100,000 Online (WITH PROOF!)

The world is full of opportunity today. You have the ability to make money while in bed, sitting on your phone, or even while you are asleep. This opportunity is made available by something called the internet.

Before we jump into six ways you can make $100,000 or more online, I need to tell you, how much you make is fully dependent on you and how much work and time you’re willing to put in.

If you are only willing to put in a few hours of effort, you won’t make a penny!

Each of these methods will take months if not a year or more to build a six figure income source, but it is possible. I know someone who is making at least $100,000 a year doing each of the following things and I will share each one as an example.

1. YouTube Channel

One of the coolest ways to make money is to start a YouTube channel. Once your channel becomes established, you can run ads on your videos and collect a check every single month!

You will need to continue to post new content in order to keep the views coming in, but if you enjoy doing this it can be a great way to earn passive income. Take Financial Education for example. He uploads a daily stock market commentary video and typically gets 10,000 to 20,000 views per video.

In a recent video, he shares just how much money he is making on YouTube!

Financial Education Ad Revenue
HOW TO MAKE $100 PER DAY PASSIVE INCOME ONLINE, Financial Education

Now, don’t be fooled by this seemingly easy way to make money. This takes a lot of effort. Jeremy started his YouTube channel over two years ago in January of 2016. Since then, he has posted over 850 videos!

Here is one of his earliest videos explaining what a checking account is.

In order to be successful on YouTube, you need to be extremely patient and see the bigger picture! You also need to improve your content and quality with time, otherwise people will lose interest in your videos.

Personally, I know about a dozen people who are making over $100,000 a year with a YouTube channel. While it is difficult, it is not impossible!

2. Personal Coaching/Consulting

Coaching and consulting is a huge business opportunity. Often times, people need a second opinion to break past a certain barrier in their personal or professional life.

Take my friend Jake Woodard for example. He spent years learning about personal development and working on himself mentally, physically and spiritually. Now, he has a six figure coaching business online. He helps people through one on one coaching and speaks at events all over the world.

Jake Woodard 2.jpg
Jake Woodard, Life Coach

Once you have established credibility in your field, take on a few clients pro bono. This means that you will be doing it for free, in exchange for a testimonial of course! Once you have real results and proof of your work, you can take on paid clients.

Jake Woodard spends a lot of time building out his social media presence, and you will need to do this too! Most of his clients find out about him from one of his powerful videos being shared around on Facebook.

3. Affiliate Marketing

Affiliate marketing is a very simple business. You simply refer a sale to someone and earn a commission in the process!

The idea here is you market someone else’s product for them and earn a commission on each sale you are able to provide for the original seller. This works best when you have a large audience of some sort on social media. This could be a blog, a YouTube channel or even an Instagram account.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

Every time someone clicks on the product and buys it, you get paid a commission.

There are countless affiliate opportunities out there. The key here is to become the authority in your niche and then reach out to the biggest companies serving these customers. Many of these companies will pay you for referrals!

So, just how much money can you make with affiliate marketing? Let’s take ODi Productions for example. He makes over $100,000 a month with affiliate marketing! He dropped out of his dream school UCLA with a 3.5 GPA in order to pursue entrepreneurship full time and create an online business.

Now, he owns his dream car and lives in his dream apartment thanks to affiliate marketing. He states that it took him a little over two years to build out his business.

Here is a video where he explains more.

Click here for our beginner’s guide on affiliate marketing.

4. Social Media Marketing

Investing Simple is affiliated with Online CEOs by Josue Pena.

Use what you do every day to your advantage. There are so many businesses getting left behind because they don’t know how to use social media. If you are able to help businesses with their social media and get them more customers, they will pay you massive sums of money.

Take Josue Pena for example, he has a social media marketing agency that does close to $100,000 per month in revenue. It took Josue months to learn the ins and outs of social media, but now clients all over the world pay him for his expertise.

Here is a video that talks about his social media marketing agency.

Click here for a free Instagram training guide by Josue Pena!

Become an expert on Instagram and other social media platforms, then go look around where you live for local businesses you think could use some help. Take over their social media, and get them more customers while earning a monthly retainer in return.

Once you become too busy, hire an employee or outsource the work to someone overseas! This business is very easy to scale.

5. Blogging

Blogging can be a fun creative outlet that can turn into a side hustle though affiliate marketing and selling ad space. One example of this is Good Financial Cents. Jeff Rose started this blog over 10 years ago, but in one month alone he made over $100,000!

Check out this video Jeff Rose did talking about that.

You can start a blog for next to nothing. In fact, some sites will allow you to start a blog for free! Take the Investing Simple blog for example. We pay about $50 a year for hosting and a domain name. The main investment here is your time!

If you want to learn more about starting a blog, here is a guide I recommend that talks about how to get your blog started with under $100 and in 24 hours!

6. Selling An Online Course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

This is one of the best ways to make passive income. Once the course is completed, you just collect the payments! Hosting sites like Teachable will handle the rest. There are countless examples of people who are making $100,000 or more with an online course.

Take Tai Lopez for example. In this video, Tanner J. Fox estimates that he does close to $90,000,000 a year in revenue from his online courses and coaching!

Thanks to the internet, there are now hundreds of ways to make money online. In my opinion, these are the most profitable ways of making money online today. The number one thing you have to remember is that this is going to require a lot of time and patience. Nobody on this list became an overnight six figure earner. Stick to one idea and commit to your success as an online entrepreneur!

10 Ways To Make Money While You Sleep

Investing Simple is affiliated with Fundrise. This relationship does not influence our opinion of this platform.

Let’s face it, most earnings still come from a traditional 9 to 5 job where you clock in 40 or more hours a week. For most people, this is the only way that they are making money!

But start thinking creatively beyond the paycheck, and you will realize there are dozens, even hundreds of ways to earn passive income that gives you round the clock earnings, even while you sleep.

Time is our most valuable asset and passive income gives you the opportunity to have more time to focus on what’s important to you such as building a business, launching a website, creating art, or writing a how-to book.

Passive income is earnings on a reoccurring basis that require minimal to no work to maintain. If you strategically invest the start up time, you’ll see results far beyond your initial time commitment.

Let’s take a look at 10 ways you can make passive income and earn money while you sleep.

1. Create a mobile app

Fantastic new apps appear every day, and with lots of hype, many go viral and earn their creators a lot of money, sometimes millions.

Phone.jpg
Phone showing apps, Flickr

If you have a great idea for an app you can use sites like Appy Pie that will make your app for you so you don’t need coding experience to take your app to market.

Joel Comm made over $1 million from his iFart app. 

Or, partner up with a friend who knows how to develop an app. You can focus on what you want the app to do and your friend can develop and design it! Once your app is complete, you can make money 24/7 selling it on an app store.

2. Be your own bank

In the same manner a bank or credit union gives out loans, peer to peer lending allows you to help others with personal and business loans, college tuition loans, car loans, or just about anything else under the sun.

P2P Lending.jpg
P2P Lending, Flickr

These lending clubs pair people willing and able to lend up to around $40,000 to others needing a loan. There’s a percentage of interest, of course, allowing you to make a profit. As a bonus, you will know you’re helping others finance something important in their lives.

There are multiple sites like this one that match you with someone who needs to borrow money.

3. Investing in the stock market

It may seem dicey or risky, but if you put in the time to learn about the ins-and-outs of playing the stock market, you can take small steps to start based on a long-term plan.
There are tons of sites for tutorials aimed at newcomers to the stock market, teaching you the lingo, how to assess your risk tolerance, and even giving stock tips.

Check out our beginner’s guide on investing in the stock market here!

4. Create your own online course

Ready to demonstrate how to write the perfect resume? Knit a sweater? Read tarot cards? Buy a car? Balance a checkbook?

If you’re an expert (or willing to do the footwork and become an expert) on any topic, you can create an online course to teach others your skills.

Setting up the curriculum requires a time commitment, as does marketing your course, but once it’s up and running, you’ll earn passive income based on the number of students.

Teachable 5.PNG
Teachable Course Earnings

Ryan Scribner offers a free course all about building a successful online course or membership site. You can enroll here!

TIP: Ask people who’ve completed the course to write a testimonial praising it, and publish their words.

5. Buy a vending machine

Every time you put in money or swipe your card for a Coke or a Kit Kat Bar or bag of chips, someone somewhere is gaining a profit from your purchase.

Jump on that band wagon by investing in a quality vending machine, which will range from $3,000 to $4,000 a piece, then find a prime location to set up.

Vending Machine.jpg
Vending Machine, Pixnio

Negotiate with the property owner, say a laundromat, and offer a slice of the profit pie in return for the optimal site.

This can easily be a single employee business (you) when you take care of restocking and checking the machine. Reinvest your profits into another machine, and repeat the process over and over until you have a small business!

6. Get started with affiliate marketing

The idea here is you market someone else’s product for them and earn a commission on each sale you’re able to provide for the original seller. This works best when you have a large audience of some sort on social media.

One of the best ways to do this is with Amazon Affiliate Links. In this video, Ryan Scribner will teach you how to make passive income with these links.

7. Create videos on YouTube

Back in the day, kids used to dream of growing up and being on television, but in today’s world, there a way for anyone to be seen and heard.

Find a unique, entertaining or hilarious subject and launch a YouTube channel of your own. Market yourself to friends and start building an audience. You’ll need to start small at first, but keep plugging and creating new content as often as possible.

Soon, you’ll generate enough views to start earning money from ad revenues. Top YouTube creators rack in millions of dollars from their viral views.

8. Write your own ebook and sell it 

Learned a lot about home improvement? Discovered secrets to small space gardening? Restored an old sailboat recently? Put your knowledge onto the page by penning your own non fiction book and hook up with Amazon for sales.

Then, invite everyone you know, from family to Facebook friends, to order a copy of your new publication, and earn both accolades and extra income. It could be fiction or non fiction but the sweet spot here is usually 50 to 60 pages of well written content.

9. Investing in a crowd funded real estate projects

So, you’ve always wanted to invest in real estate but haven’t been able to pull together the funds for a decent two family home? There’s a new way to add real estate to your investment portfolio that pools money towards a specific project, allowing you to decide how much to put towards it.

DIV
Fundrise Dividend Yield

Sites like Fundrise offer projects for you to review as well as low fees to start. The expected annual returns are in the arena of 8 to 11 percent, which is a nice return! Experts help you determine where to invest your money in the real estate projects based on your long term goals, and keep you updated on how your project is progressing.

Click here to get started with Fundrise. 

10. Buy and sell domain names

Domain names are unique identifiers for websites, and some are highly sought after. You can easily brainstorm domain names that could be the next big thing, then buy them up early for as little as a few bucks. Be specific by identifying potential markets ahead of time with a bit of time invested in research. Once you have identified what may draw interest in a particular field or sector, buy the domains they offer them for sale with a mark-up so you make a profit.

There are countless ways to make money in a passive way. Your goal should be to stop working for every dollar you earn and to make money while you sleep! What is your favorite way to make passive income? Drop us a comment below.

“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett