Make Money Online
Ratings: Each passive income source will be rated on a 5 point scale – A higher number means that I believe it to be a better source of passive income and/or it has the potential to generate a decent amount of money.
True Passive Income
Truly passive income is difficult to come by without putting your money at risk, so it’s no surprise that there aren’t a lot of options here.
Lending Club
Lending Club is a website that allows large groups of people to fund loans for other individuals, while receiving a relatively high rate of interest. You can invest in someone’s loan for as little as $25 and earn interest rates up to 18-20% (average is 9-10%). I’ve been using Lending Club for over a year now, and I love it. You can get $25 free if you sign up with my link – there’s no deposit necessary, so you can try it risk-free. Rating: 4.0/5.0
Semi-Passive Income
It would be a lie to call the places listed below true sources of passive income. They all require some up-front work, but it varies. Ultimately, money can be earned while you sleep.
MyLikes
If you’re a heavy Twitter user, you might be interested in MyLikes. Essentially, you make money by tweeting ads. The goal is to tweet about things you actually like, so it doesn’t appear to be spam. Rating: 2.0/5.0
Squidoo
Currently, I’m experimenting with Squidoo, an online article platform where users can write articles and make money from them. You can follow along as I play around with Squidoo to determine if it’s a worthwhile source of passive income. As I learn more about it, I will update this blurb. Tentative Rating: 3.5/5.0
Not Really Passive Income At All
These websites allow you to make money online, however they don’t really offer any passive income potential. I’m listing them here in order to provide a more complete listing of ways to make money online.
[COMING SOON]
