How to earn passive income: 22 ways to create multiple streams of income - CityAM : CityAM

How to find an additional source of income. How Much Passive Income Can You Earn?

Secondary Salary/Spouse’s Salary

Most of these are not passive and will require ongoing work to maintain income. Spend an hour or two each day working on these side-income ideas that are practical for you, and you can build additional income sources to help you improve your finances: 1.

Get Paid to Write Online There are many sites where you can earn money just by writing about what you love.

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Some pay per article, some pay upfront for articles plus a bonus for page views every month, and some pay based on ad revenue sharing. Here are some specific ideas: Write for money using a platform site like HubPages. Write for TextBroker and Constant Content.

Write for various websites that hire freelance staff writers. Sell Handcrafted Items Online If you are an artist or crafter, you might consider selling your goods on Etsy. To make the most money, you should sell something unique.

Primary Salary

Etsy has gotten bigger and bigger in the last several years, so it is harder to stand out unless you are selling something different than others.

Sell What You Grow Are you a gardener who loves to share plants? Instead of giving them away, sell them on sites like Craigslist or eBay.

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There are a few online auction sites, especially for plant and seed sales. A growing home-based business is the sale of fresh organically grown herbs to local restaurants.

Passive Income Ideas: 35 Strategies to Boost Your Income In

Take into consideration that if you live in a colder climate, this may be a seasonal income. Participate in Research Studies If you have a university or research hospital close to you, you could apply to participate in research studies.

The goal is to maximize your primary salary to a point where you are generating enough free cash flow to reinvest in secondary income streams. How do you do this?

Offer Basic Services Babysitting, pet sitting, elder sitting or house sitting are four possibilities. You can limit your available hours as you need, and hourly pay is relatively good. Here are some sites: Care.

40+ Extra Income Ideas and Ways to Make Money

The possibilities for making money are endless, depending on your talents and abilities. Put your mind to it, and you find something to offer others in exchange for money.

Giveaways and Free Samples With so many bloggers and websites offering giveaways, now is a great time to win.

Monday 16 January pm How to earn passive income: 22 ways to create multiple streams of income Making money while you sleep. Has a nice ring to it, doesn't it? I know I didn't. Plus that wasn't as appealing as making money while I was trading time for money.

Depending on what you win, you can sell it how to find an additional source of income money or use it for your family. Giveaways that offer free food are a great way to reduce your grocery bill.

Track these giveaways and freebies using services like Twitaway and Google Alerts.

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You can also sign up for free products through the Amazon Product Sampling program. Keep the stuff that you like and sell the rest on Craigslist or eBay. However, one of them is an Uber Ninja, and he said he could make double or triple that average when he does it — you have to know the time and the place to be to get those rides.

Want Multiple Streams of Income? Check Out These Ideas

Food Delivery Dave Ramsey often recommends pizza delivery as a second job for those trying to get out of debt, and with good reason. Pizza delivery is easy work. You could make some nice tips, too. Print up a batch of business cards and visit your local real estate offices to offer your services. Short Term Rentals If your local government and HOA allows it, you could rent out your entire house or just a room in your home.

Refinance your mortgage

Rent Out Your Car If you have an extra car sitting around, you could rent it out for others to use through Getaround and Turo. The concept is similar to Airbnb, only for your vehicle.

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Your car has to meet their guidelines, and you will earn more if you have a nicer car to loan out. Sell Used and Free Stuff Clean out your closets, your basement, garage, shed, and bookcases. How many things do you own that you never use or look at?

Craigslist, Ebay, Facebook Marketplace make it very easy to sell unwanted items.