For making money people need to work, but working is too hard. However, there are many ways to make money with little or no effort. Thanks to the advanced technology which includes internet, basic investment tools and savvy shopping methods, you can earn extra cash without doing much of a hard work. Although, few of these methods do take some work in the beginning, however, those jobs can set you up to earn a lot of passive income in the long run.Here are 9 ways to make money with minimum or no effort:
1. Invest in the index funds:
It's usually a very bad idea to try to play in the stock market unless you're a finance expert.
But, there's one exception which is the index funds. Investing in the index funds puts a little bit of money in a lot of stocks. For example, there is an index fund known as the S&P 500 which has grown by more than 2,000% in the last 40 years, so it's a comparatively safe and stable fund to invest in.
However, if you invest in index funds you are not likely lose or gain as much money as you would if you invest in individual stocks. In order to invest in stocks, the easiest way would be to get a brokerage account. You can also use free stock trading apps which gives you a free share in a stock, if you sign up with a referral code.
2. Earn cash back on the credit cards:
Most often credit cards offer cash back as a reward on making purchases. It means that for every purchase you make, the credit card company will give you a certain percentage of the money as cash back.
This percentage varies between credit cards and it’s categories. Like, one particular type of credit card might offer 1.5% cash back on all the purchases, but another might offer only 1% back on most of the purchases, but 5% back on travel and gas purchases. There is an app called Birch which can help you figure out which credit card will give you the best returns on purchasing a particular type of product.
Moreover, the cards often allow you to redeem your cash back as "points" in order to help you purchase things directly from the credit card company's website too.
3. Refer people to use apps:
If you use an app often enough and refer other people to use the app the referral credit you get is as good as hard cash. For example, apps like Uber and Lyft (ride sharing), Everlane (clothes), Seamless (food), Proper Cloth, Spier & Mackay and and there are many other apps and sites which offer you some credit for every person you refer who uses the app in order to make a purchase.
4. Refer people for local businesses:
There are people who do a lot of local businesses like providing electricians, plumbers and there are many home improvement companies which prosper in their business by the word of mouth. Many of these companies pay referral fees to the people who help spread good words about their businesses.
So, the next time you call a plumber over, ask if their company offer referral bonuses and take advantage of that by referring them to a friend.
5. Get royalties by writing a book:
Let’s say that you're an expert on a particular subject and you are able to write a book on that. Once you actually write a book and put your expertise on paper, then you get it published, then your job is pretty much done.
From there on, whenever anyone buys your book, you get paid a good amount in royalties. The actual amount of royalties are proportionate to your contract with the publisher of the book.
6. Prepare an online course and earn from it:
Again, if you're an expert in a specific topic or subject, but you don't think that a book is the perfect way to share the knowledge you want to share. You can share the knowledge through an online course. You can prepare the course and upload the same to Udemy online courses for example and set your own price points, then whenever someone buys the course, you get paid.
7. Create a website and earn the advertisement revenue:
Yet again, if you're an expert on a subject, but that subject is neither fit for a book or an online course for the knowledge sharing, then set up a website. You can use Weebly ,Wordpress or some other web-creation platform to make the site and then you can guide people from there. Then for example, you can sell online ads on your site which you can do with Google so that you get some extra revenue whenever someone reads your article.
8. Become a YouTube video guide:
Further, if it isn't a book or an online course or a post on the web, then there is another way to share your knowledge and that is by making a YouTube video. YouTube is filled with thousands of videos which guides people on every topic thinkable and imaginable. For example, if you're an illustrator and want to explain your trade, you can make a video on that and upload on YouTube.
YouTube lets you set up ads on your videos, same as with the web. People looking for those particular subjects will find your videos and watch them and then the ad revenue will keep on rolling in as long as the ads run on your videos and people keep on watching.
9. Invest in the real estate:
You can make a lot of rental money, if you can invest in a real estate project. However, there are a lot of obstacles or hurdles on the way which you need to face and handle tactfully. First and foremost, you need a lot of capital to invest in the project. Secondly, you need to ensure that the place where you're investing in will have a steady stream of rent paying tenants. Once you have an established property and the tenants, money will start flowing in every month.
If you invest in a real estate venture through a full time property dealer, then the job becomes relatively easier and passive. Renting out a real estate is considered a more simple and a stable way to get the extra cash flow every month with little or no effort as compared to the other investment opportunities.
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CONCLUSION: Various ways to earn money with little or no effort has been mentioned above for your assistance. In this era of the increasing inflation rate, you should always look for getting multiple sources of income through different platforms and jobs. Stay motivated always, no matter what the situation is which you are dealing with. Develop a habit of inculcating something new which will lead you to a better future. Make good use of your time and earn money by following these ways with very little or no hard work.