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As I mentioned in the introduction of this article, any business can be a passive source of income when youre not putting much time into it. Normally, that means hiring people to do the job for you. But some types of businesses expect a good deal less work than others, and you might not need to put in more than just a couple of hours per week.
MobileXpression certainly is not going to make you rich, but it can easily get you an extra $50 per year with essentially no effort. Youll download their app to your smartphone and theyll access some browsing information, which they use for research purposes. Each week youll earn 5 credits.
Youll also get a bonus when you first sign up. Ive been using it for a little while now and Ive earned several gift cards up to now. .
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Royalty Exchange is a marketplace where you can invest in royalties. Artists and musicians can raise money by selling the royalties for their work. As an investor, you can earn money passively in the investment.
Paribus is a free program that will automatically hunt for refunds which are owed to you. When you make a purchase from a store/website which has a price match guarantee Paribus will search for a lower price, and if it finds one it will help you to have a refund for the difference.
When the shipments are overdue, Paribus will help you to get compensation for this. .
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AHP buys desperate mortgages to prevent foreclosure, using investor money. Investors receive around 12 percent returns and are paid every month. I havent personally invested with AHP, but I did some research and found many people who had positive experiences with the investment. Its currently closed for new investors, however there is a wait list readily available for their next fund.
I signed up to the wait list and plan to invest a small amount when it becomes available again. .
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Netspend delivers pre-paid debit cards, that are often employed by those who dont have bank accounts. That may not be of much interest to you. But a side benefit is that in the event you've got a pre-paid card you can also set up an FDIC-insured savings account with Netspend that pays 5% interest.
You can have multiple accounts, apparently up to 6 for $6,000 complete. For a much more thorough look at this, please see How Im Getting 5% Interest on FDIC-Insured Savings Accounts. .
After reading through this listing, pick a few that look like a good fit for you. The sooner you get started with passive income that the sooner youll be making money, and youll have to re-invest. There's definitely some low-hanging fruit on this list that is easy to get, even in the event that a knockout post you don't have money to invest. .