The problem with passive income is that it tends to require quite a bit of work. That, or a trust fund. Either way, it’s tricky.
But all hope is not lost. If you’re looking to make a few extra bucks from the comfort of your home, I have some tips. These tricks work whether you’re a freelancer who works multiple gigs, a student looking for spending cash, or a full-timer who got hit with a few extra expenses.
Consider any of the following options to offer a bit of a cushion to your monthly earnings.
Okay, if you’ve never fallen down the paid survey hole, then you and I have wildly different relationships to the internet. I got out the survey game a while ago (I burnt out after every single app known to man started making me rate it), but once upon a time, I spent full afternoons watching Grey’s Anatomy and clicking through surveys. For those who want a couple extra bucks, you can sign up for online survey websites such as Swagbucks or Survey Junkie. Get paid for saying what you think—it’s like being an op-ed columnist!
Etsy exists for a reason—people had a clear desire for hand-crafted pillows with the phrase “Halo Top is the New Sex” on them, and traditional retailers were not meeting this need. If you can sew, or even just glue, you can probably make a few extra bucks on a site like Etsy. You can also sell your old products places like eBay and AmazonAMZN -2.4%. And selling designer clothes to a service like The RealReal can be a great way to make some cash and forgive yourself for buying that $12,000 Hermes bag when you got your first paycheck (or was that just me?).
If you have expertise in a particular subject, you can offer online tutoring services to students. And if you think “well, I don’t have any skills,” then a) you’re being too hard on yourself! and b) you can even just speak English to someone looking to learn. If you can read this article, you can make some cash speaking the language.
My friend doesn’t have a dog. She has 17 dogs—all of whom come stay with her in a rotating sequence. She never has to take them to the vet, but she has constant companionship. Even better—she gets paid to do so! She users Rover to offer her home to people who need short-term dog sitters, but there are a variety of services available if you have a dog-friendly home.
Share Your Internet
This seems wild, but believe it or not, there’s an app that lets you share extra bandwidth. Why not—it’ll help you unplug!
Sites like Upwork and Fiverr offer you the chance to sell any number of skills to companies looking for freelancers. The tasks can be as simple as offering virtual assistance to people who need help after hours or as complex as building out an online marketing strategy. Plus, you might gain some experience you can use to boost your resume. Win-win!
This one’s for my influencers pals! If you have any kind of social media following, including a blog, you can earn extra money through affiliate marketing by promoting products. I do this for a vibrator company, and honestly—I get off on the extra $500 a month. So start a Substack or TikTok today. Not only will you get paid, but you also might go viral, which is honestly the best compensation of all. The translation of “likes” to dopamine is direct.
Renting Out a Spare Room
This is like Rover but for people. If you have the space and you’re comfortable with it, why not take in some travelers? In my experience hosting on Airbnb, I almost always get some free food after my guests leave. I mean, I’d never actually eat their leftovers—not after the pandemic! (JK, of course I do).
I have no idea how this works, but I hear it’s a way for people to make money from money—which seems like a great way to use money!
With these nine tips, hopefully you never have to leave the house again. That is—in my opinion—always a worthy goal. Good luck!