Paulina Bajorowicz February 19, 2020

It’s great to have more than one source of income and earn some extra money on top of your fixed salary. But there are only so many hours in the day… Regardless of the motivation behind your quest to find new ways to increase the sum in your bank account, you should also look for passive ways to make some additional income Why? The answer is simple. Passive income is money that you make with very little to no effort. Sometimes you make money while you sleep.

Find Out 11 Ways To Earn Passive Income

  1. Make money with an empty room
  2. List your parking space
  3. Rent out your storage room
  4. Let others use your barely used items
  5. Make a furry friend
  6. Make better use of your car
  7. Promote products and services online
  8. Take some photos and license them
  9. Sell stuff online
  10. Get paid to walk
  11. Create an online course

passive ways to make money
Photo by Sharon McCutcheon on Unsplash. How would you spend the extra money you made?

1. Make money with an empty room

This is probably the most common way to earn passive income. Whether you’re a lucky homeowner who has once invested in/inherited real estate or you’ve got ‘only’ a spare room in your apartment, you can quickly make a free listing of it on platforms, such as Airbnb, and rent it out to travellers.

Airbnb is probably one of the most popular home-rental sites out there. One of the best things about Airbnb? You get to decide how much your space costs per night. Rentals can be long term and short term, depending on your availability and preference. Are you worried about safety? Keep in mind that the Host Guarantee reimburses eligible hosts for damage to their property up to $1,000,000! Sure, you need to take care of the cleaning and maintenance, but you have nothing to lose.

You may find these topics interesting too:
• 7 Simple Rules To Make Money Off Your Home With Airbnb
• The 3 most commonly committed mistakes by Airbnb hosts in London (and how to fix them!)

passive ways to make money
Even your comfy couch could bring you some extra money. Some travellers have no issues with sleeping in a common area.

2. List your parking space

You may have thought of renting out your apartment… But did you know you can also make money by renting your parking space when you don’t need it? If you have a parking spot you don’t use on a daily basis, you could be making money with it, thanks to SpotHero or JustPark.

It is so simple to earn money with these sites. List your parking space, set your rates and detail the availability of it. Those interested in your available spot will send a message to you. If your place is often available throughout the year, you can quickly become a part-time SpotHero or JustPark member. No need to worry about contracts or payments either: if your occasionally used parking space gets booked, the money will be transferred to your bank account shortly.

You may find this topic interesting too:
• How to make money while travelling?

passive ways to make money
You rent a place that comes with a parking spot but you don’t even have a car. WHAAAT?

3. Rent out your storage room

You have a basement, a garage or a storage unit that you’re not taking advantage of. Why not rent it out to someone in need and make money off it? With Spacer, for example, you can make money with any space in a passive way. In contrast with many other space rental websites, Spacer does not charge you anything for your listing and, even when making a contract with a lessee, you don’t need to pay. This means you get to keep 100% of all your earnings; the commission will be paid by the lessee, not by you. Can you imagine a better passive way to make money?!

You may find this topic interesting too:
Travel the world and get paid! How to make money on the road?

Earn passive income by renting out your storage room in Los Angeles, Chicago, San Francisco, Dallas, and some other cities in the USA.

passive ways to make money
Your storage room could be a place where tourists leave their suitcases for some time.

4. Let others use your barely used items

Can you tell that renting is the easiest way to earn passive income? You can rent out pretty much anything these days thanks to websites such as Zilok or Rentcharlie. These platforms allow you to rent out your tools and various items you’re not using to your neighbours. They connect people with things with those who need those devices for a short period and are willing to pay for them.

While doing some spring cleaning at home, you probably discovered plenty of items that you completely forgot you own. It may be party supplies that you got for that one Halloween three years ago, a box of tools you use once in a while to do small repairs around the house or unused electronic equipment. With Zilok and Rentcharlie, you could make money with all those things while spending time with your family and friends.

You may find this topic interesting too:
5 app-based jobs that help you save money and save the planet!

5. Make a furry friend

If you’re a true animal lover, this is a dream job for you… You work from home, and you get a little lonely during the day, but a cute puppy could make your day. Why not start pet sitting with Gudog or Rover to boost your income!

Pet sitting is one of the adorable ways to make money right now. Many animal lovers are signing up to Rover to earn cash doing what they enjoy the most. You will receive payments securely and also get access to round-the-clock support, including veterinary assistance. Best part? It’s so easy to get started! You don’t need any previous experience, you just need to love animals. However, some companies (Rover, for example) require a background check future pet sitters need to pass.

You may find these topics interesting too:
• Work as a professional dog walker! Meet Ping and Rachele, who make an extra income as pet sitters
• The best part-time care jobs: pet sitter, babysitter, house sitter, elderly care

6. Make better use of your car

We buy cars to drive them not to let them silently wait on our driveway. If you’re like millions of other people working from home or commute by car, we’d like to introduce you two ways to make passive income. Let’s say you spend most of your days working in your studio at home and you only use your car when going shopping. Sign up for the site called Turo and rent out your car whenever. A few requirements are set but your car could become a popular rental vehicle on the platform. Turo is like Airbnb, only for things on four wheels.

If your morning routine includes taking your children to school and then go to work, you could opt for putting an ad on your car, or carpooling with others. What if you drive long distances? Learn about Roadie and transport some parcels. In all three cases, you won’t take a detour.

Start here!

You’ll be driving in the direction you need to go and/or running errands you must do. Use this opportunity to get paid for going to work or just being a parent. You can get rid of the wrapping paper covering your car when you’ve had enough, and you carpool with your neighbours or pick up/drop off a parcel only when your schedule allows you.

You may find these topics interesting too:
• 10 tips that can help drivers make more money in the summer
• 10 ways to turn your car into a money-making machine

7. Promote products and services online

Are you extremely active online and/or have a website or blog (perhaps vlog) where you regularly share your thoughts on job- and employment-related topics? Why not subscribe to a jobs affiliate programs and help people find jobs that match their skill set. You could do this by joining the AppJobs Affiliate Program as well.

It costs nothing to sign up, and you don’t have to become an AppJobs member if you don’t want to. As an affiliate marketer with AppJobs, you could promote job offers and other services available in over 250 cities in 38 countries on five continents. To get started, you just need to share your personalized links on your social media profiles, websites, in your newsletters, etc. The cookies last for 60 days. Whenever someone clicks the link, gets interested, and applies for a job (registers with any of AppJobs’ commercial partners) or requests service, 40% commission is yours. AppJobs processes payments via bank transfer or soon via PayPal too, and you can cash out once your balance shows $100. Once the links shared, you don’t have to do anything.

AppJobs Affiliate

8. Take some photos and license them

Are you a creative mind that enjoys taking photographs in your free time? Do you have tons of picturesque landscapes and panoramic views saved on your hard drive? You could be making easy money by licensing those photos. However, you may need some effort to get started and learn about the different ways of licensing your work.

Before you can start collecting money, you should decide what type of licencing will be best for you – whether it’s commercial rights, non-commercial rights or a one-time use licence. And, of course, find the best platform to share your photos. Spend some time doing research and choose the platform that suits your needs the best. To become a freelance photographer, Shootly could be a great choice for you.

You may find these topics interesting too:
• Online jobs you can do remotely anywhere in the world
• Almost No Strings Attached: Freelance Online Jobs

passive ways to make money
Do you think in compositions and colours? Your photos must be amaaazing!

9. Sell stuff online

Whether you’re cleaning out your closet and want to get rid of some clothes that you no longer wear, or you’re a crafty individual who is excellent at making DIY decorations and handmade jewellery, there are plenty of options to make money by selling your stuff online.

Vinted is the platform to go if you want to declutter your wardrobe and make some money at the same time. You will sell your used apparel in just a few steps. You will ship the sold items to their new homes and get paid instantly. Keep in mind that Vinted also provides a prepaid shipping label. If you have a knack for handmade items, you will love Etsy. If you are good at painting, knitting or own anything handmade, you can start your online shop and make money off your creativity. Everything listed for sale on Etsy must be handmade, vintage, or craft supply.

Start earning passive income!

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• What are the best freelance jobs? Guidelines for students, expats and stay-at-home parents
• Teens, Find Jobs Online!

10. Get paid to walk

Are you one of those people who check their health app(s) every day to see the number of steps taken? Are you about to change your lifestyle and do more exercise? Do you lack motivation and need some inspiration to actually start working out? Visit Gigs Done Right and find out what companies would pay you to walk and/or get fitter. You just have to download and install them on your phone and begin your journey toward a healthier lifestyle.

11. Create an online course

Our final suggestion regarding passive ways to make money requires a bit more work and more time on your part, but it will be well worth it! Udemy allows you to design your online course and share it with millions of students all over the world. Udemy is the place to go to even if you don’t have professional teaching experience. All you need is expertise on the subject that you want to teach.

As an instructor for the largest online learning marketplace, you can deliver your course on any device, at any time. That gives you great flexibility to work on the course in your spare time. You can teach any subject you have expertise in, from math to programming. All you need to get started is the necessary material for creating high-quality videos.

You may find these topics interesting too:
• Share your knowledge with the world with online teaching jobs
• 4 Easy tips to follow for online private tutors

If you are looking for other passive ways of making money, check out Beermoney! You will get suggestions on various ways of earning extra cash by taking online surveys, claiming online freebies, using credit card bonuses, collecting coupons, and more.

Engage in conversation with others in the same boat as you!

Your friends may not join you on your quest to find another source of income, but thousands of other people worldwide have the same goals as you. The good news is that you can now easily get in touch with them. Whether you need more ideas or want to share your own experiences, you can talk to a bunch of people online.

READ ON!