Need a passive income

Need a passive income: Inflation is currently at a 40-year high, sending prices on just about everything upward. While cutting corners and careful budgeting can help, for some Americans, it might not be enough. 

If you’re in this boat – or you just want to reduce some financial stress, you might want to consider creating a second, passive income stream. Fortunately, the internet makes this easier than you’d think. There are dozens of ways to make money online — without any special training.

Are you looking to create a passive incom stream? Here are seven ways to make some extra cash.

Start blog blogs aren’t just for fun these days. They can be quite the moneymaker when done right. The key is to pick your niche, build your audience and then monetize the blog. You can do this through affiliate marketing, which earns you a commission when someone clicks a monetized link or buys a product that’s promoted on your blog. You could also try selling and displaying ads on your site. You can use a tool like Google Adsense to get started with the latter. 

Passive income is all the rage: Here’s how you can take advantage in 2022

Taking an online survey giving your opinion and taking part in market research can also be an easy way to make money online. Some of the more popular survey sites include Survey Junkie, Swagbucks, OneOpinion, Opinion Outpost, and Ipsos iSay. Keep in mind: These won’t bring in huge earnings. Swagbucks says its members earn about $1 to $5 per day. That’s why it’s important to do your research before you get started or commit to participating in any online surveys.

Start an online store

If you’re the creative type, you can start up an Etsy shop. Etsy sellers offer everything from jewelry and clothing to artwork, invitations, yard signs, and more. If that’s not your style, you can start a drop-shipping store. With this strategy, you essentially operate a storefront. When a customer makes an order, you order that product from a third party (typically a manufacturer, vendor, or a wholesaler) and ship it directly to the customer. Shopify has a whole dropshipping walkthrough you can use to get started (and you can use their platform to create your store, too).

7 Alternatives to the Stock Market for Making Supplemental Income

Sign up for a gig-working platform there are several platforms designed for online gig work. For example, Amazon Mechanical Turk is a place you can take on small tasks for businesses across the globe. They might include moderating content, taking a survey, or transcribing audio. Clickworker is another similar platform, or if you have a specific skill – like copywriting, editing, or graphic design – you can use freelancing platforms like Fiverr, Freelancer.com, and Upwork to connect with potential clients.

Start a YouTube channel

YouTube creators can make a lot of money – and it doesn’t necessarily require a lot of expertise. You can create how-to or explainer videos on virtually any subject or go more personal and put yourself in the videos. You can interview subject matter experts, provide tips and tricks, or even just show yourself playing various video, mobile, or board games. 

The important thing is to find a niche and build a following. You can then integrate Google Ads, become a YouTube Partner, and even make money off memberships, live chats, and subscriptions.

I’m on track to living off my passive income. Here’s how I’m building my dividend portfolio so that I never have to work again.

Become a transcriptionist

If you’re a fast typer, you might consider doing some online transcription for cash. You’ll simply need to listen to audio files and then type out what you hear. You get paid per piece, so the faster you can type, the better – at least, financially speaking. Rev.com, GoTranscript, and TranscribeMe are just a few of the sites where you can find online transcription work.

Test websites and apps

Fancy yourself the tech-savvy type? If so, you can get paid to test out new websites and mobile apps and hunt down any glitches. At UserTesting.com, for example, you get to test new sites and products from brands like GoDaddy, Hello Fresh, HP, Subway, and Canva. You just need to have a reliable WiFi connection, a microphone, a computer or mobile device and you can get to work. BetaTesting.com, UserZoom, and Userlytics are other similar platforms.

‘I work just 2 hours a day: A 24-year-old who makes $8,000 a month in passive income shares her best business advice

More ways to earn quick cash

If none of the above seem like a fit, you can also become a virtual assistant, sell your photos on stock photography websites or become a social media influencer if you can drum up enough followers. There’s a side gig for everyone. You just need to figure out your perfect fit.

Like millions of Americans, I found myself out of work during the pandemic. At first, I was laid off from my waitressing job. Then I began working for myself as an online fitness coach, but running the business required 10-hour workdays and I was only making $1,000 to $2,000 a month.

So in July 2021, I decided to pivot. I took my entrepreneurship experience and started to use my TikTok and Instagram accounts to market wealth-building tools and online programs.

18 Passive Incom Ideas To Help You Make Money In 2022

https://www.bankrate.com › Authors › James Royal

22-Feb-2022 — Write an e-book; Rental income; Affiliate marketing; Flip retail products; Sell photography online; Peer-to-peer lending; Dividend stocks 

23 Passive Incom Ideas to Build Wealth In 2022 – Oberlo

https://www.oberlo.in › Blog

Want to Learn More? — Passive incom is money you earn that doesn’t require you to do a lot of “active” work to continue making it. In essence, you can do 

30 Passive Incom Ideas to Build Wealth in 2022 – Shopify

https://www.shopify.com › Shopify Blog

03-Jan-2022 — Passive income refers to active unearned income that requires minimal work to earn and maintain. Passive incom sources include investing in …

How much money can I earn from passive incom?

What is the easiest source of passive incom?

35 Passive Income Ideas You Can Use To Build Wealth In 2022

https://thecollegeinvestor.com › Earn › Side Hustle

Get Paid To Have An App On Your Phone — Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and …

How do I generate passive incom?

What are some examples of passive incom?

Top Passive Income Ideas – Forbes Advisor INDIA

https://www.forbes.com › advisor › personal-finance › t

27-Apr-2022 — Passive Incom Ideas · 1. Giving Property on Rent · 2. Non-cumulative Fixed Deposits · 3. Dividend Options in Mutual Funds · 4. Saving Account 

5 Best Passive Income Ideas for 2022 – Times of India

https://timesofindia.indiatimes.com › article show

05-May-2022 — ARTICLES · 1. Earn Interest with Crypto through AQRU. mediawire_image_0 · 2. Rent Out Your Property If you own a home or apartment, one of the 

27 Passive Incom Ideas That’ll Make You Rich – sixads

https://sixads.net › Blog

10-Nov-2021 — A side hustle – While a side hustle can potentially generate passive incom, they’re more often an example of active income as they require your

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9 Passive Income Ideas – How I Make $27k per Week

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What is Passive Income + Ideas for How to Make It!

https://www.smartpassiveincome.com › passive-income

One of the easiest ways to earn passive income around is by investing in dividend stocks. Investing in a dividend stock involves providing funding to fuel a 

Passive Income – Definition, Reasons for Building, Examples

https://corporatefinanceinstitute.com › Resources

Passive income is any money earned in a manner that does not require too much effort. There are several passive income generating ideas that require a lot 

11 Passive Income Ideas to Increase Your Cash Flow Coursera

https://www.coursera.org › Coursera Articles › Business

31-May-2022 — 11 passive income ideas ; 1. Making financial investments · High growth potential over time. Minimal maintenance ; 4. Self publishing · Write 

28 Passive Income Ideas to Try Today | Make Money Series

https://www.goodfinancialcents.com › passive-income-

7 days ago — Passive income is money earned with minimal activity through any venture that requires little daily effort or upkeep on the individual’s part.

Working construction: Investing in real estate

Freelance writing: Writing a book

Consulting by the hour: A course on your area of .

Driving for Uber: Renting out your car

30 Best Passive Income Ideas | Clever Girl Finance

https://www.clevergirlfinance.com › blog › best-passive

06-Jun-2022 — When it comes to how to create passive income with no money, you’ll have to invest effort upfront instead. Passive income ideas like this and 

11 Best Passive Income Ideas for 2022 – Cube Wealth

https://www.bankoncube.com › post › best-passive-inco

List Of Passive Income ideas · Idea 1: Rental Income · Idea 2: Mutual Funds · Idea 3: Stock Investments · Idea 4: Peer to Peer Lending · Idea 5: Asset Leasing · Idea 

Best Passive Income Investments: Top 4 Methods Investopedia

https://www.investopedia.com › Bonds › Fixed Income

Some investments that generate passive income include rental real estate, dividend stocks or funds, and limited partnerships. Passive investing in stocks 

39 Ways to Make Passive Income in 2022 – SoFi

https://www.sofi.com › learn › content › how-to-manag

Passive incom is money that you earn without active involvement. In other words, it is income that isn’t attached to an hourly wage or annual salary. Passive 

Passive Income Ideas 2022: Best Opportunities To Make Money

https://www.noradarealestate.com › blog › best-passive

11-Jun-2022 — Unlike the misconception, passive incom ideas do require upfront work to earn, like writing an e-book or building and monetizing a blog. Some 

Passive Income: 10 Ways to Make Money While You Sleep

https://www.nerdwallet.com › Investing

1. Dividend stocks · 2. Dividend index funds and exchange-traded funds · 3. Bonds and bond index funds · 4. High-yield savings accounts · 5. Rental properties · 6

 

 

 

 

 

 

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