Category - best earning method

Passive Income Sources 2020

Passive Income Sources 2020

Passive income is money that is usually (but not always) received regularly without any or only little effort. You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income.

1. Income Idea Through Drop Shipping

With the blast of eCommerce, drop shipping has turned out to be extremely famous. Here is how it works: you make an online store that offers items from certain manufacturers. A person visits your site, orders an item, and your system sends the order request to the manufacturer of that product.

2. Writing Books For Passive Income

Selling books can be an incredible way to create some genuine passive income in the form of royalties. In today’s day and age, once your book is accessible on a site like Amazon, you could get a check every month for doing nothing. The more time you spend promoting your books, the more cash you’ll make online and offline.

3. Income Through Cash Back Websites

This may not be considered as something that will help you go to early retirement. But you can still earn money with no effort required from you. Not to mention that this is completely free. All you have to do is sign up in cashback on shopping websites. They will give back a portion of the total amount that you spend on your purchase.

4. Vending Machine Business

This is one of the often underestimated passive income ideas. But it is a great way to make money especially if you have found the right place to install your vending machine. Consider the number of people going in and out of that place, you will stand a big profit if you have placed the machine in a strategic area. A well-placed vending machine can potentially earn $100 per week or even hundreds of dollars per day.

5. Income From Lending Money

One of the best passive income ideas is to loan money to others and get paid in the form of interest. We’re not saying to loan money to a broke friend who never pays you back. As a private lender, you can lend to anyone in your social circle. For example, many home fix and flip investors need access to a source of capital they can tap into very quickly to fund the initial purchase of their properties.

6. Time Deposit Is A Good Passive Income Idea

You can earn passive income by investing money in fixed deposit accounts. This is one of the best passive income ideas that present very minimal risks. Unlike other savings account, a time deposit has a stated date of maturity. You cannot withdraw such a deposit before the maturity date. The interest rate of this type of savings account is considerably higher compared to other accounts, but it depends on the term and amount placed.

9 Proven Strategies On How To Make Money

9 Proven Strategies On How To Make Money

Any opportunity that promises you’ll make money fast overnight, run the other direction. The only time we’ve ever come across cash that quick is finding a $5 dollar on the street. We aren’t offering get rich quick scams. However, if you’re looking for legitimate ways to make some extra money, we got you covered. We’ve got some money making ideas for everyone.

1. Make money with online surveys

se a survey site like Survey Junkie. You can share your opinion to help brands deliver better products and services. If you have some spare time during your lunch break or commercials it’s a great way to make money fast. Sign up for Survey Junkie and make some fast money online.

2. Get free gift cards with Swagbucks

When you join Swagbucks you can get cashback when you buy online from more than 1,500 retailers including places you probably already shop like Amazon, Target, and Starbucks. You can redeem your points for gift cards or get cash back through PayPal.

3. Cashback for Your Purchases

Ibotta is an app that lets you earn cashback on purchases you make at select stores. They’ve paid back over $500 million to smart shoppers like you. How much can you save?

4. InstaGC

InstaGC lets you receive digital gift cards for doing things online like completing surveys, watching videos and searching the web. Choose from over 350 digitally-delivered gift cards.

5. Turn Your Skillsets into Services

Fiverr is an online marketplace where freelancers can earn money for their services. You can sign up for free, set up your Gig, and offer your work to a global audience.

6. Babysit

Forget checking Craigslist for part-time gigs. Parents post jobs on Sittercity for everything from a full-time nanny to the occasional part-time, date night sitter.

7. Bank signup offers.

There is so much competition between banks that some offer cash bonuses when you open a new account as a way to attract new customers – and for you to save money. There are usually some stipulations; you use direct deposit or pay a certain number of bills online, the account must be open for a minimum length of time or keep a minimum balance.

8. Online real estate investing

Simply put, Fundrise gets you access to million-dollar real estate deals with a contribution as small as $500! They get the deals and automatically invest your money based on some simple questions you answer when you first signup. Passive income at its finest.

9. Buy rental properties online

You don’t know how to tell a good property from a bad one, you don’t know how to fix a sink, you don’t know how to screen tenants. With Roofstock, you don’t have to. They are a turnkey real estate company. You just choose a house from their portfolio, and the rest is done for you.

7 Best Online Jobs For College Students In 2020

7 Best Online Jobs For College Students In 2020

In this video, you will learn about the 8 best online jobs for college students in 2020. These full time and side jobs pay well and have very flexible hours, so you can still focus on your education. Enjoy the video and let me know what you think in the comments below. Here are some of the best job ideas for college students:

1. Online Tutor

Considering you’re already having to learn a lot of information while in school, you might as well make money on the side helping people who don’t understand certain subjects. Helpful resources: Tutor.com is one the top websites for online tutoring where you can get paid. Wyzant is a direct competitor to Tutor.com. They also help you get paid to tutor people on different subjects.

2. Search Engine Evaluator

Search engines like Google, Yahoo, and Bing have so much going on in the background to stay functional that they need people to help them correct problems or errors that come up. Helpful resources: You can use Leapforce to find jobs related to helping search engines. Lionbridge is another site that can help you become a search engine evaluator.

3. Freelance Writer or Editor

If you are good at writing or locating grammar problems in articles, you may do one of those in the form of freelancing. Companies won’t be able to replace good writers with robots anytime soon, unlike just about every other job. Helpful resources: Problogger has a job board dedicated to blogging and copywriting positions only. You might also try writing for favorite sports team or blog by looking Vox Media job listings.

4. PowerPoint Presentation Designer

Believe it or not, PowerPoint is still around and being used in a lot of areas. You could do designs for people using PowerPoint presentations for YouTube videos, business meetings, speeches, etc. Helpful resources: Visme is a great website that helps you design infographics, PowerPoints, and other presentations using templates with a drag-and-drop interface. Google Slides is like a free version of Microsoft PowerPoint that you can get access to by having a Gmail account.

5. Product, Software, and App Testing

Thousands of new products seem to come out everyday. What you may not realize is that the products typically get tested extensively before being made available to the public. That’s where you come in. Helpful resources: UserTesting is one of the top platforms I recommend for getting paid to test products, apps, and more. UserZoom is another platform that pays you to test different products.

6. Captioner

As a captioner, you get paid to watch videos and make times captions that sync perfectly with the audio of the video. Helpful resources: Rev is one great website for finding caption work. They pay $0.40 – $0.75 per audio minute via PayPal. Another site that pays you to do captions is Vitac.

7. Transcriptionist

If you have a pretty good Word Per Minute (WPM) typing speed and good grammar, you might try doing transcriptions. All you have to do is turn audio files into text. Helpful resources: TranscribeMe is one of the top transcription sites out there. They pay you via PayPal starting at $20 per audio hour. Another solid option for doing transcription work online is Scribie.

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