Many people think that in order to make passive income, you need a lot of money to invest. However, that is not always the case. There are many ways to make passive income with little to no money.
However, before you can do any of these things, you need to start by understanding what passive income is. Passive Income is defined as- “income received on a regular basis, with little effort required to maintain it” (Investopedia). This means that the money you make does not come from actively working for it, but rather through other means.
There are many different ways to make passive income, and below are just a few examples. Whether you have no money to invest or a lot of money to invest, there are tons of options out there for everyone.
If you're in search of generating some extra money, the following are 10 effortless ideas for anyone who wants to create a passive income stream with little to no initial investment.
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Write App Reviews is currently recruiting new paid app testers to work on the WriteAppReviews.com platform. These are remote positions, meaning that as long as you can work the required hours, you can work from home. The businesses that use our platform are all trying to expand the reach of their apps across all platforms and devices.
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Requirements: You need to have access to at least one of the following; iPhone, iPad, Android Smartphone, Android Tablet.
Contract length: No fixed term
Rate: $25 - $35 per hour (Depending on the complexity of the app and detail required for the review)
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Making passive income doesn’t have to be complicated or expensive – it can be as simple as making a few strategic investments or taking on some additional work. If you’re looking for ways to make extra money without breaking the bank, give these 10 ideas a try. You may be surprised at how much money you can make!