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Innovative Ways People Earn Passive Income Online
Record inflation has driven the prices of nearly everything up. Yet, most people are not getting salary increases. If you want to survive in this economy, the best solution is to look for an extra way to make money.
No, we’re not talking about taking a second job. A better way to increase your income is to tap on passive sources of income. Below is a list of some of the most innovative ways to earn extra money online:
1—Passive Income Apps
If you want to make money online while spending minimal time in the process, you have two options. You can invest your money in stocks and bonds. Or, you can install passive income apps like:
Swagbucks
This popular app pays you to watch ads, complete surveys, or play browser games. It pays you in SB points that you can later redeem for cash or gift cards.
When you register an account, you receive $10 instantly. After that, you build your income by completing the tasks mentioned above. The minimum amount of money needed to request a cashout is $3. Swagbucks is a genuine and reputable app, so feel free to try it out.
Honeygain
Swagbucks pays you to watch adverts and complete surveys. Honeygain pays you to do nothing. Wait, what? This app does not ask you to complete activities for money.
It runs in the background and shares your extra internet bandwidth with other online businesses that use this bandwidth for various localization purposes, like location-based pricing or SEO. In exchange, Honeygain pays you a small amount of cash depending on the bandwidth you shared that day.
If you create an account today, Honeygain will welcome you with a $5 gift. After that, you will earn free money online for as long as you use the internet and have the app running on your smartphone or desktop computer.
Savvy Connect
Savvy Connect is an app that pays you to monitor your online behavior. You see, companies out there are always looking for data that can help them increase their profits. The problem is that gathering meaningful data is hard without the owner's permission.
Savvy Connect solves this problem by working with Internet users like you. Similar to Honeygain, Savvy Connect is unobtrusive. It runs in the background, observes your Internet behavior, and pays you money in the process.
2—Start a Blog
Blogging is one of the oldest money-making tools online. In the past, blogging was expensive. You had to hire a website designer. You needed to pay for web hosting, create content, and market it.
In 2022, blogging is relatively cheap. You can get a free website online. And if you want a professionally designed site, you don’t have to spend more than $100. With that in mind, blogging still needs creative content and good marketing skills.
The beauty of blogging in 2022 is that there are plenty of resources to help you succeed. For example, you can use a keyword research tool to discover the best keywords to blog about.
You can also outsource content marketing professionals. In doing so, you can reduce the time it takes for your website to attract an audience big enough to monetize it.
There are plenty of ways to make money from a blog. For example:
Google Adverts
Affiliate Links
Paid Posts
Selling Merchandise and Subscriptions
3—Start an Affiliate Marketing Business
Earlier, we mentioned that you could make money from your blog through affiliate marketing. What is it? Affiliate marketing is an agreement between online businesses and marketers.
Business owners pay you to promote their products. Usually, you receive a special link (s) that helps identify the customers you’ve convinced to purchase your partner business’ products.
Although you can run affiliate marketing through a blog, you don’t necessarily need to own a website. You can operate this business through a YouTube or Twitch channel, Facebook, Twitter, or Snapchat.
In case, below are some of the best-paying affiliate programs online:
Elementor
Fiverr
Shopify
Bluehost
Amazon Associates
4—Get Paid to Provide a Service
One of the biggest online marketplaces—Fiverr—pays you to provide all sorts of services. So, you can edit photos professionally? Create a photo editing gig on the site.
Fiverr lets you charge anywhere from $5 to an unlimited amount of money for your services. It could be anything legal, from content writing and editing to transcription and programming.
Fiverr isn’t the only place where you can sell your services, though. There are multiple websites for monetizing nearly every skill. You could even start a website to showcase your portfolio. Then you could pitch businesses to pay you in exchange for your services.
Selling online services is a lucrative business. But you need to be the best coder, best copywriter, or website designer to command huge figures.
5—Sell Stuff Online
There are several ways to make money by selling stuff online. You can start an eCommerce store. It is expensive. It requires a lot of work initially. But once you attract regular customers, it can be highly profitable.
Another way is to dropship. Here, you sell stuff only after customers order them. You will need a store showing what you sell. But you don’t really need to own these items. You buy them when someone orders and ship them to the customers.
Drop shipping is an affordable way to sell products online. Companies like Shopify and Oberlo have stores dedicated to people who drop ship online.
If you are a creative person, consider selling hand-crafted items on Etsy. We’re talking about jewelry, posters, thank you cards, and artwork. Alternatively, flip items on eBay, Craigslist, and other similar marketplaces.
Conclusion
Making passive income online doesn’t have to be expensive. Install a couple of passive income apps, and you could make an extra $50 or $100 without lifting a finger.
If you want to make decent money online, you’ll need to work hard for it. Start an online store. Learn drop shipping or sell online services. Ultimately, find a money-making strategy that suits you best.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes
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