The Internet has opened up multiple opportunities for you to make money. You don’t need to leave your home anymore to get extra cash. You just require a laptop or a smartphone and a good Internet connection.
You know all the standard ways of making money online, such as offering written content, drop shipping, or trading in the stock market. However, these methods can take a lot of effort and are trendy but competitive.
For this reason, we will look at several lesser-known ways to make money online so that you can increase your income flow.
1. Dividend Investing
Investing may initially have a bit of a learning curve, but once you create your portfolio, the returns should start heading your way.
Dividend investing is a good way to earn some cash, and there are two options for you to try: stock dividends or cash dividends.
Cash dividends are the shareholder’s rewards from the company for their profits. On the other hand, stock dividends happen when the company offers extra stock to the stakeholders.
These dividends are given for various reasons, but they are mostly the company’s reward for you holding on to their stocks.
2. Bandwidth Sharing
Do you have an unlimited Internet connection or a bandwidth you never use to its fullest? In this case, you can consider bandwidth sharing.
Plenty of countries offer unlimited plans, the U.S. included, which can be taken advantage of.
You can use the Honeygain to share that excess network, choosing the amount you wish to give (if there is a limit). The more bandwidth you share, the higher the income potential will be.
3. Peer-to-Peer Lending
Peer-to-peer lending can be a great way to generate some passive income without lifting a finger.
Consider lending through peer-to-peer platforms rather than allowing your investments to simply sit in your bank account without generating interest.
During the loan period, you will receive interest for the money you lent out, adding even more to your portfolio.
Just make sure that you use a reliable platform that offers money security. You don’t want your investments to be lent and never recovered.
4. Watch Videos
There are more than 50 million influencers out there, and all of them need views if they want to be successful.
Paying for views is not a new concept; you can make some nice money from it. All you have to do is sign up on platforms or apps that pay you to watch videos.
The best part is that you don’t necessarily need to watch the videos from start to end. There’ll be no quiz for what you just watched.
You just need to hit play, leave the video running, and then go on with your business as usual.
5. Writing A Book
In the past, writing a book was a very costly activity. You required a publisher, and you also had to cover printing costs.
Nowadays, you can simply publish the book in electronic format and bypass all those expenses.
Indeed, writing that book may require a bit of effort in the beginning. However, this may be an excellent opportunity if you are a hobbyist and already have most of the book sitting around.
Once the book is published on the right platform, you can earn passive income for every copy you sell.
6. Promoting Affiliate Products On Social Media
Affiliate marketing is a very common strategy influencers, especially blog writers, use to earn extra money.
Still, some people don’t know that you don’t need a website to promote products and make money from them.
For instance, if you have products you use or are interested in, you can write about them on social media and use your affiliate links.
If you already talk about books or recommend certain services to your Facebook friends, you can gain more by referring to them directly. If people use your link, the earnings will go straight into your account.
7. Listening To Music
Most people prefer to listen to music while commuting, especially on longer rides. If you are also one of those people, you can turn this hobby into an income opportunity.
Plenty of platforms out there will pay you simply for listening to certain songs, as it helps promote lesser-known bands.
Some apps may offer points you can turn into cash without having to do anything except for listening and enjoying the music.
Others may require you to write reviews of the songs (even simple ones) for the points to cash in. All you have to do is find the platform with your favorite music genre and turn up that volume.
The Bottom Line
As you can see, you no longer have to rely on your 9-to-5 job to earn income. You just have to find a suitable method to bring you passive income.
Some strategies may require some work at first, but once implemented, they can get you a lot of passive income.