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As I mentioned in the introduction to this guide, any business can be a passive source of income when youre not putting much time into it. Usually, that means hiring people to do the job for you. But some types of businesses expect a lot less work than others, and you may not need to put in more than a few hours per week.
MobileXpression certainly is not going to make you wealthy, but it can easily get you an extra $50 per year with basically no attempt. Youll download their program to your smartphone and theyll get access to some browsing data, which they use for study purposes. Every week youll earn 5 credits.
Youll also receive a bonus when you first sign up. Ive been using it for a while now and Ive earned several gift cards so far. .
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Royalty Exchange is a market where you can invest in royalties. Artists and musicians can raise money by selling the royalties for their work. As an investor, you can make 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 that has a price match guarantee Paribus will search for a lesser cost, and if it finds one it can allow you to have a refund for the difference.
If the shipments are late, Paribus will help you to find compensation for this. .
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AHP buys distressed mortgages to prevent foreclosure, using investor money. Investors get up to 12 percent returns and are paid every month. I havent personally invested with AHP, but that I did some research and found many people who had favorable experiences with the investment. Its currently closed for new investors, however there is a wait list available for their next fund.
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Netspend offers pre-paid debit cards, that are often used by those who dont have bank accounts. That might not be of interest to you. However, a side benefit is that in the event you have a prepaid card card you can also install an FDIC-insured savings account with Netspend that pays 5% interest.
You can have multiple accounts, apparently up to 6 for $6,000 complete. For a much more thorough look at this, please visit How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .