How to earn money without hard work -If you want to make money doing nothing, then passive income is the name of the game.
By starting and growing a passive income stream, you can start earning money without doing anything to reach your financial goals. And it's easier than you think!
By following some of the examples below, you can start making money and increase your income in no time.
In this post, I will explore what it means to make money without effort, the best ways to make money doing nothing, and much more. let's get started!
Some of the best ways to make easy money include referring friends to apps like Swagbucks and InboxDollar, signing up for welcome bonuses on referral apps, and using passive income apps.
Unless you have a lot of cash or time to invest, don't expect to make a fortune doing nothing.
Passive side hustles can be easy ways to make money.
What is the point of earning money without doing anything ?
So, what exactly does it mean to make money doing nothing?
The answer depends to some extent on the way you think about it. For some, this may mean earning money while you sleep, while for others it may mean earning money without working full-time.
To earn money without much effort, you need to build up a passive income stream.
A passive income stream can be considered a way to make money without having to trade your time for money.
For example, the income you get from selling books can be considered as passive income. Because the book is already written, it doesn't take any effort to keep making money.
The truth is that you have to do some work to make easy money – but we aim to limit this as much as possible.
How to earn money without hard work
Below are some of my favorite ways to make money without much effort. Some of these ideas will require some work at first, but once the work is done, you can make money for almost nothing.
1. Refer friends to apps
One of my favorite ways to make money effortlessly is by using referrals and refer-a-friend offers.
Many companies and apps will offer bonuses for referring new users to their service.
For example, BankSathi will offer a 10% bonus for every friend who gets approved for a new loan or credit card using your link. This is an easy way to make money!
Some great referral offers include:
| App name | Commission |
|---|---|
| BankSathi | 10% commission lifetime |
| Groww | Commission up to ₹300 |
| Onecode | 10% commission lifetime |
| 5Paisa | Brokerage commission up to 40% |
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2. Register for Websites with Signup Bonuses
There is nothing better than free money and there are many websites that offer cash rewards just for registering. Using passive income apps, you can make money on autopilot, so you don't even have to work for it!
Websites like Upstox, Groww, and 5Paisa offer signup bonuses so you can make quick money without doing anything.
It is best to register for more than one website to maximize your earnings.
Here are some top sites that I recommend:
| App | Signup Bonus |
|---|---|
| Swagbucks | free $5 |
| MobileXpression | free $5 |
| InboxDollars | free $5 |
| MyPoints | free $10 |
3. Service Arbitrage
If you are looking for some extra income without spending time at work, then I recommend you to Service Arbitrage.
It is very easy to understand that you can earn thousands every month if you know how to do it.
So what is service arbitrage ?
In simple terms, you will contract out the work you need to do for a lower cost and make the most of the difference.
For example, let's take freelance writing. Let's say you have a contract where you are paid $.15 per word. What if you could find a writer who only charges $.05 per word? That means $.10 in profit for you without doing any work!
While service mediation does require you to work and you'll need to find a reliable freelancer to work with, it can be a great way to earn extra money without much effort.
4. Invest in Real Estate to Earn Money Effortlessly
If you want to earn passive income and earn money without doing anything, then investing in real estate is a great option.
And while you might think that you need a hefty amount of money to get started, this couldn't be further from the truth.
You invest your money in Real Estate Investment Trusts (REITs) or Real Estate Mutual Funds and can earn good returns. Or you can also invest directly in real estate.
So , how much can you make?
It is possible to earn 10% to over 15% annually on your money. While this may not seem like a lot, it will compound over time and if you are patient, it can cost you a lot of money.
5. Invest in a Small Business
Another way to invest money to create passive income is through small businesses.
How to invest in startups in India ?
Startups are businesses that strive for hyper-growth, which requires large amounts of capital and resources. These are their only options, and in most cases the capital comes from outside sources.
External sources refer to capital used to run the business, which is not personal capital invested by the founder. These are the funds that individuals and businesses invest in to grow and make a profit.
Investing in a company is done with confidence in the business thus providing funding and other supportive resources to the founders to help the startup become a success.
While traditionally you wouldn't need to start a business, this means you don't have to spend the time and energy building your business, but you can still earn passive income by being a small part owner.
And because small businesses tend to have higher growth rates than larger businesses, you can see some nice returns on your investment.
So , how much can you make?
This will depend on the type of business you have and your field, but it is possible to make a few thousand a month in extra money!
6. Stomach sit for passive income
Pet sitting is a great way to earn passive income, especially if you love animals.
If you're a pet owner, you know how expensive it can be to keep your furry friends fed and healthy.
But what if I told you that you can actually make money by pet sitting?
That's right, you can easily earn money by doing belly sitting in your spare time.
And the best part is that you can actually make a lot of money doing it.
And while that may not sound like a lot, it's actually a pretty good return on investment considering you're only taking care of someone else's pet for a few hours a week.
7. Earn Money Using Cashback Apps
By using cashback apps while shopping, you can earn money without doing anything unusual.
Using these apps will add cashback to your wallet every time you shop normally. For example, CashKaro is the app you must have. CashKaro is India's largest cashback and coupons site that offers exclusive discount codes and real cashback on your purchases.
With over 1500 partner shopping sites, it helps you buy clothes, groceries, mobiles, electronic goods, beauty products, pharmacy products, and much more. It also offers exciting cashback deals on hotel, flight booking and mobile recharge and bill payments.
Your income may not seem like a significant amount at first glance, but it can add up over time. And it's completely free money for doing nothing!
8. Use Rewards Credit Cards
Similar to cashback apps, using a credit card that offers rewards is an easy way to earn money for doing nothing. Just swipe your card and start earning.
Many cards will offer 1% or 2% on every dollar you spend using the card. Some cards will offer even more on select categories.
9. Invest in Stocks to Earn Money Doing Nothing
Investing is a perfect way to make money doing nothing, as well as grow your wealth. While you won't see a paycheck with this method, you will have the opportunity to collect quarterly dividend payments.
To invest money in stocks, you must first buy your own shares. Using Uptox, you can easily buy your favorite stocks for free.
When it comes to investing, keeping your holdings diversified is the best way to make money. This means that it is better to buy mutual funds or ETFs than to buy individual stocks. These holdings contain many stocks that you would otherwise not be able to buy all at once.
If you want to make money you have to give your stocks time to grow, it won't happen overnight (although it is possible!). After your holdings have increased in value, you can sell them for a profit.
10. Video Game Streaming
With this money, you have to do something, but it's likely something you enjoy doing – playing video games.
By streaming your video gameplay online, you have many ways to earn money without doing anything.
If you have a sufficient number of followers, some platforms will pay you to stream. Even if you do not have massive followers, you can still earn money by promoting affiliate links to your audience.
11. Promote Affiliate Links
By using Affiliate Marketing you can earn money online without much effort. To get started you will need an audience to promote your link, but once you have your audience in place, you can earn unlimited income.
So how do you get started with Affiliate Marketing ?
First, you'll need to acquire or grow some sort of audience. This could be social media followers, website visitors or email lists. Once you have an established audience, you will need to partner with an affiliate program.
You can browse through hundreds of affiliate programs through affiliate networks like Amazon, Flipkart or ClickBank. Once you have been accepted into the Affiliate Program, you can start promoting your link through your channels. Be sure to check the terms and conditions of the program so that you don't violate any rules.
Amazon Associates is one of the most common Affiliate Programs. This program allows you to promote products sold on Amazon to earn a small commission.
12. Rent out a room in your house
Renting out a portion of your home can be an easy way to make money without much effort. If you have some spare space, you can list on short-term rental sites like Nobroker to earn money doing nothing.
Depending on the area and the size of your place, you can easily convert your vacant room for a few thousand rupees per month.
13. Rent out parking space
If you live in a heavily populated area, chances are there is a high demand for parking space. If you're lucky enough to have secured a space, consider renting it out to make money doing nothing.
Depending on where your location is located, it is possible to earn a few thousand rupees every month.
14. Sell Courses Online
Online courses are extremely profitable and a great way for creators to make money online.
With an online course business, you can create and sell courses on any subject you're passionate about.
This is not only a great way to earn money, but it is also a great way to share your knowledge and help others.
You can use a platform like Udemy to easily create and sell your courses.
And because they handle all the payment processing and delivery for you, it's a very passive way to make money.
15. Make Money Selling Stock Photos
If you have a passion for photography, then selling stock photos can be a great option to make money doing nothing.
You'll need to invest in a quality camera and some photo editing software, but once you have these items, you can start taking photos and selling them passively.
Spend a few days taking and editing photos before posting them on popular websites like Shutterstock. Depending on the number of photos and their quality, it is possible to make thousands of dollars a month selling stock photos.
16. Sell School Notes Online
If you are currently attending school or have just graduated, there is likely a market for the notes you took.
Selling your school notes provides a learning benefit for current and future students.
17. Freelance Writing
As a freelance writer, you will get paid to write copy which can include different types of content such as blog posts, articles, white papers, resumes, website content and many more.
Even a good writer needs guidance on how to start offering freelance services. After establishing a good rapport with the clients, you can start subcontracting the work. Just be sure to submit quality work every time.
17. Flip Old Houses
House flipping can be very lucrative. You start by buying a property with a low price or a great deal. Then, hire a handyman to do the job of fixing it. Finally, flip the house for a profit.
18. Sell Digital Products
Selling digital products can help you get paid for doing nothing after your initial setup.
You can create a digital product and sell it online. It will then be on the internet forever, helping you make money passively in the future.
Your initial setup will require some work, brainstorming a product idea, drafting, building and designing a product, among other tasks.
To skip the initial setup, you can always hire someone to build your product for you. Places to find creators include Upwork, social media, your personal network, and more.
Examples of digital products you can sell include:
- e-course
- e-books
- planners
- printable
- Software
- apps
- Photography / Digital Art
The Bottom Line:
Final Thoughts on Earn Money Without Working
To earn money without effort, you will need to think strategically about ways to earn money without doing anything or putting in much effort.
By using many of the methods listed, you can start earning money without doing anything and take steps towards your financial goals.
Between selling stock photos and registering for free money sites, there is sure to be a choice for anyone.
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