How do you get money without having to spend any time or money yourself? You make passive income! There are several ways to do this, and some may require more work than others, but they’re all worth it if you can pull them off. Here are 7 ways you can make passive income with zero capital
#1 Earn Cash Back on Groceries
Groceries are essential and need to be purchased on a regular basis. You may as well earn some cash back while you do it. Check out Ibotta for great deals on groceries, where you can earn $10 for every friend who signs up using your referral code. Or, if you prefer, check out Ebates for an all-around cash back experience that is easy to use and always available when you shop online. Check out these sites today!
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#2 Sell Digital Products
One of my favorite ways to make money online is by selling digital products like ebooks and courses. This is especially easy if you have a website or existing audience. Once you build your site, it's important that you create a lead magnet with something valuable for people to grab when they visit so that you will be able to stay in touch with your audience. One easy way of doing that is offering free advice or information in exchange for their email address, so they can get tips from you whenever they want.
#3 Join Freelance Writing Networks
Freelance writing is a great way to earn some extra cash—and it’s an easy way to break into more traditional freelance services. If you’re looking for freelance writing gigs, join online groups and forums that allow you to do so. These platforms can also be used for networking with other freelancers and professional content-builders in your niche. A simple Google search of freelance writing networks + [your city or state] will reveal countless opportunities in your area. From there, simply reach out to people within these communities and see if they need any help. Remember: You don’t have to take on all projects; choose ones that are a good fit for your skillset (and passions). To get started quickly, check out Upwork , which allows you to build up a portfolio quickly by taking on small projects for others. The service takes about 10% of every project as its fee.
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#4 Become an Affiliate Marketer
Becoming an affiliate marketer is a great way to start making passive income. Affiliate marketers earn commissions by promoting products for their affiliate partners. The products could be digital items, such as ebooks and courses, or physical items, such as electronics and office supplies . As long as you can write effective affiliate marketing copy, you can make money with these types of services. You’ll need to establish yourself first before trying to promote other people’s products. You can do that by creating your own website or YouTube channel and building up your online following. Once you have a loyal following, use your social media influence to promote others’ products and earn a commission when people buy them through your link.
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#5 Get Paid To Drive
If you have a car, you can drive it (professionally or personally) and get paid for it. Use apps like Uber, Lyft or Sidecar if you want more security from your employer but still need flexibility in your schedule. Offer your services as a driver for hire. If you don’t want to pick up passengers, provide delivery services with an app like Instacart, Postmates, Roadie, Grab Food, Food Panda and etc.
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#6 Complete Online Surveys
When it comes to making money online, there are plenty of options available. You can sell your items or services on websites like eBay and Craigslist, complete small jobs through TaskRabbit or Fiverr, invest in forex trading and other cryptocurrencies through firms like eToro or Plus500 and a host of other passive income opportunities exist if you know where to look. However, not all of these methods require capital – many are great ways to make money if you already have some spare cash lying around.
#7 Invest in Crypto Currency
A few years ago, crypto currency was merely a concept. Today, it is a billion-dollar industry that is seeing larger and larger investments from venture capitalists and angel investors. The growth of cryptocurrency hasn’t slowed down since its inception—in fact, it has accelerated at an alarming rate. Every year for the past four years, at least five new crypto currencies have entered into existence with even more on the horizon.
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