How to Earn Some Extra Money While Doing Nothing
Last year has been challenging for everyone, and many people are looking for ways to earn extra money today. However, not everybody can find a second job, and even if you are, neglecting rest shouldn't be an option. If you need some extra money, consider passive income.
In a nutshell, passive income means earning money without doing much (or anything at all). Of course, it's not as simple as it sounds - very often, you have to put a little effort in the beginning, and sometimes it may be risky. If you want to try it anyway - here's a list of the best passive income options, from gambling and playing the lottery, to writing a book and creating an app. Read on!
Although some people believe that gambling is a waste of time and money, it can work great as a passive income source if you're willing to invest a little time learning the rules and strategies.
Online gambling is an excellent alternative to brick-and-mortar casinos: you don't need to drive far, you don't have to dress up, and your (potential) winnings depend on your skills rather than a dice throw or a deck shuffle.
As for how much you can earn - the answer is "Enough to pay for your rent if you play long enough." But in order to do that, you need to win. And while that may seem like an easy task, it's not easy at all - online casinos have many restrictions in place designed to make sure their profit margins remain high. These restrictions include maximum bets, minimum bets, wagering requirements, deposit limits, rollover requirements, bonuses, and so on. Needless to say, all that makes winning a bit harder, but still not impossible.
To start your gambling-powered passive income stream, do a bit of research on the best casinos to join. Choosing the ones such as FIFO88 Malaysia is always a good starting point.
Most importantly, pick games that offer the highest payout percentages - slots are a great choice, as they give you a chance to double your money with just one spin. Then, register your account, deposit some money, and prepare to play. Be sure to read the rules and terms of service before you start, and make sure to set yourself a budget and stick to it - after all, the goal is to win money, not lose it.
Crowdfunding has been growing steadily over the last few years, and it seems like this trend will continue - according to experts from Statista.com, the crowdfunding market will reach $300 billion by 2019. If you want a piece of this pie, get ready for a lot of hard work!
On the one hand, crowdfunding platforms make it easier than ever to start and manage a campaign. On the other hand, to succeed, you must first find the right project(s), which is easier said than done. After all, somebody out there will create a crowdfunding campaign for even the most ridiculous ideas. Still, there are quite a few potentially profitable projects out there: books, products, films, comics, and many more. So, if you want to try crowdfunding, start by narrowing down your focus.
When you find something promising, prepare a pitch video (no matter what kind of project you are pitching) and post it online. You can use websites like Youtube to host your videos - they are free, and they provide enough space for video files. So, post your video online and share it with friends and family, and don't forget to attach your project link at the end of your pitch. If everything goes well, people will donate money to your project.
Selling an App on Google Play
If you know how to program, consider selling an app. Remember, though, that while getting started is pretty straightforward (you can find plenty of information online), selling apps is not easy, especially if your app is targeted at a specific niche market. Moreover, once people start using your app, you can expect them to give you plenty of feedback - both good and bad. Moreover, note that most successful apps have multiple versions, such as 1.0, 1.5, 2.0, etc., which means more work for you. Still, if you have the knowledge and want a new way to make money - consider selling apps on Google Play or Apple App Store.
People often buy lottery tickets as a fun, entertaining activity, but it doesn't mean that you can't make money on them. Selling lottery tickets is an easy way to gain money and keep your customers happy at the same time: after all, what's better than winning the jackpot?
To make money with lottery tickets, do a bit of research online and find the companies that sell them. Then, contact the company and ask them if you can become part of their sales team - they will probably ask you for some references and verification (a photocopy of your ID should suffice). Once that's done, you will be ready to start selling tickets.
You'll be required to work hard at first - meaning lots of cold calls and door-to-door sales - but if you get promoted up the ladder, you'll be able to sit back and relax while others do. Do note that most sales team members only get paid commission, but some companies pay hourly wages, too. Nonetheless, if you are willing to put in the work, lottery tickets can be quite an interesting way to earn extra cash.
Writing an eBook
Although writing an e-book is not as easy as most people think, it still remains one of the best passive income options available today. All you need is a little bit of knowledge about your book's topic and some time on your hands. If you think about it, writing a book is easier than selling it, so if you have what it takes to write high-quality content and promote it online, selling your project shouldn't be complicated.
All of us at times want to make some extra money - whether it's for going on a luxurious vacation, buying a new gadget, or simply to start saving for a dream house. Unfortunately, sometimes you may not have enough time to take another job, or enough resources to start your own business, which would allow you to make some cash.
Luckily, there are many ways to gain passive income without putting too much effort and not changing your lifestyle completely. The choice is broad, as you can choose from gambling to writing an ebook. The only thing limiting you is your own creativity. Good luck.