Users of Reddit, How do YOU make Passive Income?

thestandoverman · 3 months

Only a few people in this thread seem to know what passive income is. Selling stuff on eBay, renovating houses, video game testing... is not passive income... passive income means that you aren't actively earning the money, mainly investing activities. Luckily it seems that maybe the OP thinks it just means side jobs too... so in that case I don't even know why I'm writing this so I'll stop now.

daemonbarber · 3 months

I go to work and browse reddit all day.

beyondawesome · 3 months

It's not totally passive, but I have a website with some ads on it.

They idea is to make it fully self-serving in the future.

Aadarm · 3 months

Military sends me 1200 a month for an injury in service.

jlark92 · 3 months

I buy gp/10's

Darchseraph · 3 months

Philosopher's Stone, Heart of Gold, Kage's Lucky Pick, and Avarice Blade.

(Yeah, that's an Oxford comma, come at me bro O.O)

siminsun41 · 3 months

I don't think you mean passive income, but additional income. Passive income requires you to have additional money to invest in something (stock, rental home, etc...)

What I used to do was ebay things for other people. Just go to a friends house or neighboors or anyone you know and comment on some of the junk they have. Ebay it and take either a fee (I did 15%) or sometimes they are like yeah that is junk you can take it for free.

Another option if you are willing to put in the time is go onto craigslist and look at their free stuff that people don't want. Drive over there to get the item and sell it on ebay. Make sure the money you make from selling is less than your expense of driving over there to get it.

Edit: I always want to add, if you don't have any moral qualms about this, to go to your school charity and ebay their stuff. Every year our law school would have these book drives where people donated their books and then they resold the books to raise money for their charity. Well, they were terrible at it and there was always tons of books left over. I talked to the president of the organization, told him I would sell all the books on ebay and take a 15% fee. Ended up selling over $10,000 worth of books for the organization and gladly took my fee. They were happy also since they got an extra $8,500.

onanysunday · 3 months

Nice try IRS...

turkeychicken · 3 months

I built a website a few years ago that has slowly grown over time. It now generates more money than my last full time job did.

Unfortunately that's not really the answer to your question. To answer that, I would say if you have any coding skills to find something lacking in your life (ie: something tedious you do every day that you always thought could be done better) and actually code a site around that. Chances are if you're looking for a better alternative other people are too.

DarthContinent · 3 months

Amazon affiliate links. I also occasionally eBay stuff I pick up for cheap at local garage sales.

anddup · 3 months

There's a whole subreddit for passive income strategies and websites, /r/beermoney!

From websites over the past few years I've made:

~$200 (amazon gift cards, microsoft points) from prizerebel. -- Referral link

~$150 from u.talkback, which is now e-rewards. I think you need to be invited by the website to sign up.

~$50 (amazon gift cards) from bing rewards. -- Referral Link

~$40 (amazon gift cards) from socialsci

$30 from clixsense research (easy to make more if you actually take time to do the surveys)

$20 from clixsense (the ads have gotten more advanced though) -- Referral link

$5 from clover - look for an invite in /r/beermoney

$0 from neobux (I've made ~$20 but most of it just goes back into the site...) -- not going to refer because I don't think the site will ever actually be profitable

I'd say by far the best of the websites would be soscialsci but it rarely ever has surveys that give points.

I use most of the websites very casually, except bing rewards which I visit daily and I've pretty much stopped paying my own money for videogames.

Also, if I'm not sure if it's considered rude to link my referral links as well as the website, if so, please tell me and I'll remove them.

Final7C · 3 months

I own stock that gives me dividends.

brosenfeld · 3 months

Have you tried selling "well worn" women's socks on ebay?

CraigyFakeFake · 3 months

I grow pot.

SuceFleur · 3 months

Can you rent out a room in your house? It can be a major hassle, but if you can get a good roommate it's easy money.

Hickspy · 3 months

I do video game testing on occasion.

I usually get between $50-100, and a few free games which I can sell on Amazon because they're still brand new and I usually don't care about actually playing them because of the company I test for.

HandsomeJew · 3 months

Rental properties.

loopy212 · 3 months

Just a couple ideas with varying degrees of passivity:

Invest. Stick with the stock market and specifically mutual funds if you are new to investing. Funds can be front-load, back-load, or no-load depending on whether they take a fee initially, on distribution, or never. Look for no-load funds (American Funds are all no load for example) with low expense ratios (this is an annual fee).
Monetize a hobby. Sounds ridiculous, but find a way to make money off of something you do for leisure. I used to paint Warhammer miniatures and was able to make a tidy profit selling them on eBay.
Become a live-in landlord. Either buy or rent a place with a couple extra rooms and rent them out. You can usually find a way to cover some, if not all of your rent.
Find little ways to save money. This isn't specifically income, but there are dozens of small changes you could make in your life that would add up to big savings and a significant improvement in your financial situation.

ad5555 · 3 months

PSA to anyone that works in certain retail stores : google for "microsoft expert zone". I'll say no more.

evange · 3 months

I make youtube videos, run ads on them, link to websites with more ads. I gross ~$300/year this way.

shibblywibbly · 3 months

Does passive spending counts?

Porunga · 3 months

Look around for a blood plasma donation center near your house or apartment. They'll pay you for your donation, and it'll help other people. It's not a ton of money, but it's easy and relatively quick, so why not?

LifeFantastic · 3 months

Mechanical Turk

Antrix32 · 3 months

I know i will probobly get downvoted, but if you are a gamer I highly recommend playing Diablo 3 in your spare time. Not only is it fun, but a good way to earn some money on the side. Currently in beta and the way the items seem to be priced, its not hard to make $20 an hour. Of course, right now the money is fake and you automatically get $50(fake) to test it out, but i can see a economy starting up when the game releases.

Supremenerd · 3 months

Sell web hosting to a few friends

Nephrastar · 3 months

Graphic Leftovers and Graphic River are good sites if you like creating stuff. 99designs is also decent if you want to make things for other people.

Alternatively, if you have something you're good at (HTML, math, etc.) and you're a student, it never hurts to make a Word document and sell yourself out on campus. I see a lot of ads with students offering to make their skills useful to other people.

Gatesmcfaddn · 3 months

While you are reading my comment, I will make several cents from the subliminal advertisements buried in this text.

dweeb_plus_plus · 3 months

I photoshop CD layouts for local bands. It's a sweet deal...I take their artwork and ideas, digitize them and make them look nice, make the artwork fit the manufacturers templates, and done! It's enjoyable as well because I like photoshopping and it's nice to be a part of a project that people have put their heart and souls into. I usually charge $100 and a project takes me about 5 hours (unless their artwork sucks and I have to redo it. Then I charge $150).

roscos · 3 months

poker

octopus1138 · 3 months

Sell music on itunes and stream it through various websites. Don't have to do anything except post about it occasionally.

EF08F67C-9ACD-49A2-B · 3 months

Board dogs and write iPhone apps.

Anna_Draconis · 3 months

I'm thinking about setting up a Cafepress or other online store to sell t-shirts and mousepads and things for my gaming community. I wouldn't be making a dime, it would go directly to the community account, and then we'd budget it out to get prizes for SC2 tournaments and things. It's a work in progress.

Other than that, maybe someday I can be sexy-awesome like Day9 and make money just streaming... Not as passive, I'd be engaged the whole time, but still.

nomar383 · 3 months

When I was out of work I started writing iPhone/iPad applications. Even years later I still bring in typically over $100 a month. It's enough to pay for all the extras (Netflix, Spotify, Usenet, server hosting, etc).

This would be a significant time investment if you weren't at all familiar with or interested in programming.

DeutschLeerer · 3 months

i just sit at work the whole day - quite passiv earning, isn't it?

sparrowmint · 3 months

I do surveys on sites like toluna and surveyspot in my spare internet-browsing time. It's not fantastic income, but I usually pick up around $100 a month between them (or at least $50-60 if I'm being lazy about it that month), and sometimes get free things to test that are actually helpful, like toilet paper or laundry detergent.

magus424 · 3 months

They don't. Passive income like you want is not something you just flip a switch on.

mynameisNEO · 3 months

If you have IT skills you could charge friends/family to fix up their computers. Not sure how much you could make doing this though.

Asmodiar_ · 3 months

I trained a bunch of people how to make money on a website - when they said they'd pay 10% of what your trainees earned for a year... Trained 20... when they saw how much they were paying me.. they stopped that shit. and am now making 4k +/- 500 a month until April to just sit back and do nothing.

gooniette · 3 months

I just earned $100 in Mastercard rewards for spending $3,000!

ashhole613 · 3 months

I use MTurk sometimes, but it's not good for any significant amount of money.

rocklawbster · 3 months

Write a book and self-publish on Kindle Direct Publish (or all the self publishing ebook systems).

-Large amount of work up front -Almost truly 'passive' after it is published. -To make it go big you have to reinvest some of the income into marketing -Could potentially earn you income for decades to come.

zenxity · 3 months

I've done those affiliate programs and GPT programs when I was younger. (Like 4 years ago)They paid but they're pretty low unless you're at the top. I usually used them for a quick buck when I wanted to buy something. Would make about $50/month for passively referring people.

cauldcuts · 3 months

I used to make wood sculptures in my spare time. I'd also print simple t-shirt designs for friends. Last, and favourite, was cooking meals for friends in my spare time. I'd make them lunches, or just bulk food goods and they'd hand me over the cost of the ingredients plus 5 dollars.

rem87062597 · 3 months

Not exactly passive, but go to Salvation Army/Goodwill/that sort of stuff and buy stuff then sell it on Ebay. I went through a phase of this and managed to get some extra money for it. It's fun finding stuff, I like doing it and really it's great buying stuff expecting to make money off of it. It satisfies that purchasing fix you get when you're poor and can't really buy stuff plus you get money for it.

Sallyschwinn · 3 months

Buy a parking lot. Pay some asshole min. wage to stand there and collect money all day. Aaaaahhh.. one could only dream. A parking lot next to the beach, football field, something/anything awesome.

yougottawanna · 3 months

I have a small handful of niche websites that I've put together over the past 2 years. One has actually done pretty well for me and consistently makes $75 - $150 per month in Adsense revenue, the other 3 that make money generally average between $5 and $20 per month.

Generally, it's very tough to make money passively and requires a lot of dedicated effort on the front end and a fair amount of luck. It's only passive once you have put a lot of resources into building an asset.

If you are serious, dedicated, and can consistently spend 10-20 hours a week MINIMUM continuing to add content, build websites, add links, write articles, guest blog, post social bookmarks, etc....then you can probably make a full-time income at this within about 5 years.

I have not been nearly serious, dedicated, or consistent enough. Frankly, it's extremely tedious work. But the money could be nice if I could get myself to about 10x where I am now and keep it mostly passive with only 10 hours a week of upkeep.

I don't have a lot of advice to offer because I don't consider myself much of a success, but I wish you the best of luck!

Lyeta · 3 months

I take care of people's animals when they are on vacation and do wedding invitation calligraphy.

atl2rva · 3 months

I buy used original xboxs off Craigslist for around $30. I then softmod them and install XBMC and sell them for about $150. Don't sell tons of them, but definitely gives me more going out money.

SleepyTurtle · 3 months

I browse Reddit at work. Its like what I do at home but I'm getting paid.

WinterInJapan · 3 months

Stock, mostly.

WSolstice · 3 months

If you have enough money to invest, stocks would be good.

TheSecretMe · 3 months

There's no such thing as a free lunch. Time spend looking for easy money is time you could have spend earning it.

I'm not calling you lazy or anything but the quest for easy money is a waste of time at best and a costly mistake at worst.

BiologiGal · 3 months

Do you live near a university or college? There's big bucks in tutoring any science or math based subject. I do chemistry and biology, and my one-on-one sessions are twenty bucks per hour.

Se7enLC · 3 months

(Not Me) Take an open-source product, compile it for Android ARM, and put it on the market for $5.

https://market.android.com/details?id=stericson.busybox.donate

https://market.android.com/details?id=com.teslacoilsw.quicksshd

[deleted] · 3 months

I make $250 or so a day with affiliate websites and adsense websites. It's almost totally passive, just gotta keep the websites ranked high with SEO (this can be outsourced). Still, I net over $70,000 a year. It took me years though to figure it out though, I lost a lot of time and money before i made my first dollar profit.

DoodlingJellyfish · 3 months

I don't believe in passive income. The idea of making money from money seems silly to the point of counterproductive to me. If you don't actually do anything, why should you be making money for it?

HomebrewHero · 3 months

I have decent home renovation skills. If I see that a neighbor's house has peeling paint, shingles damaged/missing, etc., I offer to help out for cheap - generally I work for beer.

turnleftdale · 3 months

There is no such thing as 'Passive Income'.

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