Have you ever wondered if the phrase, ‘money doesn’t grow on trees’ was actually untrue? Wouldn’t it be great to not do anything while seein...
Have you ever wondered if the phrase, ‘money doesn’t grow on trees’ was actually untrue? Wouldn’t it be great to not do anything while seeing your income gradually increase? Well perhaps you can’t make money grow on trees, but you can definitely discover ways to make money passively. Passive income allows you to earn money through an initial commitment which then requires minimal activity later on whilst your earnings accumulate. Here are 11 ways you can make passive income from the convenience of your own home.
1. Freelancing
If you are great at writing compelling and captivating content and adaptable to any target audience, then freelancing can be just the job for you. As a freelancer, you have the flexibility to also take which jobs that are suitable to your schedule and your interests, allowing you to work anytime and anywhere. You can make money by simply writing articles for companies and earn a buck from it. It’s that easy.
2. Pet hosting
Perhaps you’re looking for a side hustle that requires more practical work? Consider spending your free time as a companion for fun-loving and enjoyable pets. Mad Paws allows you to make money by simply residing in your own home and taking care of pets while their owners are away. You can choose which animals you will like to care for and create a pet sitter profile directly from the app or website. Pet hosting is a great way to spend your free time as you are benefiting from animal therapy, all while making money.
3. Tutorial videos
Do you have a special or unique skill that you have conquered and mastered? Take this opportunity to teach others through creating tutorial demonstrations online. You can post video or pictorial tutorials via Patreon. Whether you are teaching how to create gaming software, digital art, electronic music, or even special FX makeup, you will be able to post your content through Patreon. People who are fans of your work can pay to subscribe to you, so they access and receive content from your creations. Since the videos are aimed to help people, this will encourage an increase of viewership and subscriptions to your profile. Creating a personal brand through tutorials is an effective way to earn income from the convenience of your own home.
4. Create entertainment
Gone are the days of street busking and performing where you can now have access to a wider audience of people, or even more so – an international reach. Streaming and video content platforms such as YouTube allow content creators to produce videos for people to view. You can post a range of entertainment from travel video blogs (vlogs), food adventures or even band or dance covers that can be appreciated by an audience. A great way to monetise through YouTube is by making money through YouTube ads where you will get paid for showing commercials before and during your videos.
5. eBook
Do have a real knack for creative writing and envisioning a story through words? Why not earn money through creating an eBook and sell it through Amazon Kindle Direct Publishing. The more eBooks that you pump out, the more income that you earn. However, you will need to keep in mind that the quality of your work plays a major factor in the success of making money through writing eBooks to attract readers and keep them engaged to read more of your content. Your objective is to become an independent publisher and sell your books. Books on Kindle are often priced from $1 to $4 however with multiple copies, you will be gradually racking in the numbers.
6. Rent out your stuff
If you currently store items that you’ve purchased to only be used for a one-off occasion, make continuous earnings by renting them to others. Power tools can come at a high price, and sometimes never to be used again as it was used for a single project. That’s where ToolMates comes in, through its peer to peer lending site
7. Rent out your home
Through the Gumtree website, you can rent out your property while it is vacant. This is a great opportunity while you are away travelling or if you own multiple properties with no one currently residing within your property. You can rent out part of your home or even the entire property as well as list which days the home is available.
8. Rent out parking spaces
So, you may have heard of home renting, but have you ever considered renting out your space for parking? Your garage, residential parking or even driveway are spaces that can be used to make money from renting. Websites such as Spacer allow you to easily list your available space and set the price.
9. Sell your household items
Do you have various items that you’ve hoarded and looking to get rid of? Take this opportunity to sell your items and get a buck from it. Various objects that you no longer use can be useful to someone else where they will be willing to pay good money for it! List your items through online marketplaces such as Ebay and Gumtree. Here, you can easily set the price for the items you wish to sell as well as arrange for the person the pick up your item or charge a delivery fee.
10. Start a blog
Start a blog and share your interests or your proficiencies and skills. Your blog should aim to help people through giving tips and advice through knowledgeable information that is sought after. Blog topics can include gardening, fashion, business and travel. Selecting a profitable niche to focus your blog allows you to create content that is specific to a single target market and create specialised content that they will be interesting for reading. Once you have gained a high readership and traffic to your blog, you can monetise your blog by placing ads onto your site.
11. Photography
If you think you have a passion for taking photos, why not make an earning from it? Apps such as Foap and Snapwire allow you to upload photos onto stock websites and market your photos to earn a commission. The apps also have pending projects that seek specific images that are being requested.
By consistently performing your passive income activity, you will be well on your way to attaining your financial goals, completed all at the convenience of your own home! What jobs will you take up to earn money through passive income?
