Many people look for side hustles that help generate extra income after their working hours. Usually, side gigs require a lot of patience and consistency, as it can take quite a long time to start a side business from scratch.
Fortunately, there are ways you can earn passive income in addition to your full-time job’s salary. Passive income streams also take time and patience to set up, but they’ll require way less active attention in the long run.
We’ve gathered the best ways you can earn passive income when you work full-time to help you get started. Read through the article and pick the one that best fits your lifestyle.
Download Honeygain
Honeygain will help you earn extra cash, and it doesn’t matter if you work from home or commute to the office every day. It’s one of the best passive income apps that allows you to make money effortlessly.
With Honeygain, you’ll get paid for your internet connection. All you have to do is download the app and turn on the traffic-sharing mode. Honeygain will silently run in the background of your device and bring you passive earnings.
Also, there are many ways you can earn more. Collect Achievements, draw from the Lucky Pot daily lottery, and refer your friends. Your friend will get a $5 welcome gift, and you’ll receive a 10% bonus equal to their earnings.
Download Honeygain and earn passive income effortlessly on any device that you’d like.
Invest With Acorns
Acorns is a great micro-investing app for beginners. It has an easy-to-use interface and can help you earn passive income with minimal investment.
You can open an account on Acorns for free, and you’ll also get access to various financial articles that will help you save more. The best feature of this app is micro-investing. It rounds up your purchases to the nearest dollar and invests your spare change.
The Acorns app will help you start investing in small sums of money, and you’ll gradually grow your investment pool. It’s a great app for beginners who want to try out investing but don’t know where to start.
Download Acorns and get passive income from investing your spare change from your everyday purchases.
Rent Out Your Space on Neighbor
Neighbor is an app that will let you rent out your spare space for other people’s stuff. You can make money by listing your garage, attic, or even your closet.
Other renting platforms usually require you to rent out a living space, but on Neighbor, your property works just like a storage unit. For example, you can rent out your garage for up to $600 per month. Someone will have a place to keep their scooter warm over winter, and you’ll get easy money.
You can list any property on Neighbor for free, and the app will take 4.6% back from every deal you go through. Also, it’s available on Android, iOS and FireOS devices.
Rent out your free space on Neighbor and let it generate passive income while you work.
Author: Erik Mclean from Unsplash.com
List Your Property on Airbnb
If you have an empty room or a flat, you can list it on Airbnb. You can rent your space for long-term or short-term use and earn passive income for your property.
Also, you can rent out your flat when you leave for a vacation, especially if your home is in a popular area in the city. Your earnings will depend on the size and the location of your property and on how long people will stay in your space.
You can make up to $100 a week just by renting your spare room to tourists who want to experience the local culture of your city. On the other hand, you can make hundreds of dollars every month if you list it for long-term rent.
Think about the spare space that you have and list your property on Airbnb to start earning passive income today.
Sell Online Courses on Udemy
Did you know that you can create your own online courses and publish them online for passive income? It’ll take some time to develop a course, film, and edit it, but after that, you’re pretty much set.
Think about all the soft and hard skills that you have acquired over the years to help you decide what course to create. When you start planning your tutorials, keep in mind that every video has to be at least 30 minutes long, and the course must be made up of 5 lectures.
Upload your lectures on Udemy, and it’ll help you promote your videos online. Also, if you’re not sure about the quality of your first course, you can get feedback from other creators on the platform.
When you create your lectures and publish them online, then you can just sit and wait for your money. Creating online courses is a great way to earn passive income, even if you have a full-time job during the day.
Earn Passive Income While You Work Full-Time
There are many ways to earn passive income that won’t interfere with your day job. Be sure to consider your skills and after-work availability before choosing a passive side hustle
Firstly, look at the apps like Honeygain that will help you earn money effortlessly. Honeygain is a great way to use your working hours to earn extra income just by sharing your internet traffic with the app.
Also, try listing out your free space on Neighbor to help people find a place to store their things. Or, if you have a spare room or a flat, rent it out on Airbnb and make money from short-term and long-term rentals.
Lastly, try creating an online course on Udemy to get a passive income stream. It’ll take some time to film and edit it, but once you publish it online, you’re all set.
Enjoy the extra money and freedom that comes with having a passive income side hustle. Take inspiration from this list, or create your own way to get extra cash effortlessly.