Nowadays, there are countless money-making opportunities both online and in the real world. While there’s a wide variety of options, it can be hard to decide which side hustle to start.
You should evaluate how much time you can dedicate to building an extra passive income stream, how much work you’re willing to do, and how much profit you want to make.
For example, if you write an eBook, you might get an increasing amount of commissions as the years go by – earnings from the eBook industry will reach around $17 billion in 2022.
If you’re not much of a writer, don’t worry! Take a look at our list of easy ways to get free money and build profitable passive income streams.
Use Passive Income Apps
If you don’t have any experience building passive income streams, you can always start slow – try downloading a specialized passive income app to earn free money! The general idea of these apps is that you share your internet connection and get paid for the number of gigabytes shared.
One of the best passive income apps is Honeygain. It’s accessible on every platform to sign up from anywhere. Also, it has one of the most generous reward systems! You can get $3 if you share 10GB of your internet bandwidth. Honeygain’s users can make from $90 to $150 each month by simply opening the app every day.
You can refer a friend using a unique code and earn even more free money. You’ll get 10% of their daily earnings, and your referral will get $5 for free just for signing up. Don’t worry – it’s a bonus funded by Honeygain, so you or your friend won’t lose any money you made. You can start earning free money securely as Honeygain encrypts your bandwidth, so try it out for yourself!
One of the most popular ways to earn online is managing a blog. You can write about many topics starting with video game reviews and ending with tips on flower arrangements. Are you interested in something else, perhaps tech gadgets? You can write about it and earn free money while doing it!
It’s a great exercise even if you’re not very good with words. After all, practice makes perfect and helps you build a long-term passive income stream. Blogging is great because it earns you commissions from every post by playing ads. Check out different blogging platforms like Medium to compare the rates you’d get as a writer.
Also, you can write promotional posts on your blog from companies that want to collaborate with you. You’d negotiate your payment, but the more popular your blog is in your niche, the higher your payout will be!
Write An E-Book
Are you ready to take your writing to the next level? Then try writing a book! Of course, dealing with publishers and editors can be a hassle, so opt for an eBook instead. It’s easier to manage and produce. Not to mention that it will be available to a broader audience globally.
You should have a clear idea before jumping into writing a book, but remember that you don’t need to write a fiction novel right off the bat. People are interested in investing tips, intermittent fasting, study hacks, etc. Why don’t you help them out by providing a concise guide?
You’ll earn free money from commissions as long as your book will be available on platforms like Amazon Kindle! The eBook industry is growing every year, and it’s high time you cash in on this opportunity. You could build a passive income stream that will last you a lifetime.
Start An Online Course
If you have a knack for presenting information without complex terminology or jargon, you might be interested in building your e-course on a chosen topic. People look for various knowledge online, and the pandemic pushed many to upgrade their skills through learning platforms like Skillshare. Popular topics include time management, tips on using Excel, budgeting, content writing, social media management, etc.
You can teach people about virtually anything and get free cash for it. Similar to eBooks, you earn commissions from your online course. Of course, your work is available to a global audience so that you can attract many students with different backgrounds. The best part? You won’t need to interact with them! Once you complete the initial work of setting up your course, it will generate passive income based on the number of people who complete it.
Earning Passive Income Is Easy
Countless money-making options are available for you to try. You can find side hustles most suitable for your schedule and desired pay based on your interests. If you’re looking for a long-term passive income stream, eBooks and online courses have a huge potential to generate free money for years to come. However, if you’re just starting in the passive income world, try Honeygain to see how effortlessly you can earn free cash online!