Innovative ways for people to earn passive income online

Record inflation has pushed prices up for almost everything. However, most did not get a raise. If you want to survive in this economy, the best solution is to find additional ways to make money.

No, we’re not talking about taking a second job. A better way to increase your income is to utilize passive income sources. Here is a list of some of the most innovative ways to earn extra income 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. Alternatively, you can install passive income apps such as:

This popular app lets you watch ads, complete surveys, or play browser games. It pays you in SB points, which you can redeem for cash or gift cards later.

You will receive $10 immediately after registering an account. After that, you increase your income by completing the above tasks. The minimum amount required to request a withdrawal is $3. Swagbucks is a genuine and reputable app, so feel free to try it.

Swagbucks pays you to watch ads and complete surveys. Honeygain pays you to do nothing. Wait, what? This app does not require you to complete activities to earn money.

It runs in the background and shares your extra internet bandwidth with other online businesses who use this bandwidth for various localization purposes, such as location-based pricing or SEO. In exchange, Honeygain pays you a small amount of cash based on your shared bandwidth for the day.

If you create an account today, Honeygain will welcome you with a $5 gift. After that, you can earn free income online as long as you use the internet and run the app on your smartphone or desktop computer.

Savvy Connect is a paid app that monitors your online behavior. You see, companies are always looking for data that can help them increase their profits. The problem is that it’s hard to collect meaningful data 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 in the process.

2 — Create a blog

Blogging is one of the oldest tools for making money online. In the past, blogging was expensive. You have to hire a website designer. You pay for web hosting, create content, and market it.

Blogging is relatively cheap in 2022. You can get free websites online. If you want a professionally designed website, you don’t have to spend more than $100. With this in mind, bloggers still need creative content and good marketing skills.

The beauty of blogging in 2022 is that there are tons of resources to help you succeed. For example, you can use a keyword research tool to discover the best keywords for your blog.

You can also outsource content marketing professionals. In doing so, you can reduce the time it takes for your website to reach a large enough audience to monetize it.

There are many ways to make money blogging. E.g:

3 — Start an affiliate marketing business

Earlier, we mentioned that you can 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. Typically, you will receive a special link that will help you identify customers you persuade to buy your partner enterprise’s products.

While you can blog for affiliate marketing, you don’t necessarily need to have a website. You can do this through your YouTube or Twitch channel, Facebook, Twitter or Snapchat.

Just in case, here are some of the highest paying affiliate programs online:

  • element

  • five blessings

  • Shopify

  • blue host

  • Amazon Association

4 – Get Paid for Services

One of the largest online marketplaces – Fiverr – pays you for a variety of services. So, can you edit photos professionally? Create photo editing jobs on your website.

Fiverr lets you charge from $5 to unlimited services. It can be anything legal, from content writing and editing to transcription and programming.

Fiverr isn’t the only place to sell services, though. There are multiple websites that can monetize almost any skill. You can even create a website to showcase your portfolio. You can then market businesses to pay you in exchange for your services.

Selling online services is a lucrative business. But you need to be the best coder, the best copywriter or website designer to master the huge numbers.

5—Sell items online

There are several ways to make money selling things online. You can start an e-commerce store. It is expensive. It’s a lot of work initially. But once you attract regular customers, it can be highly profitable.

Another way is drop shipping. Here, you only sell items after customers order. You will need a store that showcases what you sell. But you don’t really need to own these items. You buy them when someone orders and ships them to customers.

Dropshipping is an affordable way to sell products online. Companies like Shopify and Oberlo have stores dedicated to those who ship online.

If you’re a creative person, consider selling handcrafted items on Etsy. We’re talking about jewelry, posters, thank you cards, and artwork. Or, flip items on eBay, Craigslist, and other similar marketplaces.

in conclusion

Earning passive income online doesn’t have to be expensive. Install a few passive income apps and you can make an extra $50 or $100 effortlessly.

If you want to make decent money online, you need to work hard. Open an online store. Learn to drop shipping or sell online services. Ultimately, find the money-making strategy that works best for you.

This article does not necessarily reflect the opinions of the editors or management of The Economic Times

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