Business

10 Proven ways on how to make money without doing anything

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1.Become a referral source for local businesses.

A lot of small, local businesses — like landscapers, electricians, and home improvement companies — spread by word-of-mouth. Many of them pay referral fees for people to help spread a good word about their businesses.

So the next time you have your plumber over, ask if they offer referral bonuses. And if they do a good job, take advantage of that when you recommend them to a friend.

2. Write a book and get royalties.

This one takes a bit of work. But lets say you’re an expert on a subject.Once you write the book and put your expertise to paper, then get it published, you’re pretty much done.

From then on, whenever people buy your book, you get paid in royalties. The precise amount of royalties are contingent on your contract with the book publisher.

3. Get the middleman out!Publish it by yourself.

If you self publish on Amazon or another self-publishing platform, there are standardized contracts that pay out depending on how many people download the ebook or read it through Amazon’s ebook-lending program. That way, you can cut out the middlemen of the publishing industry and make a higher percentage of profit from your own book.

4. Create an online course and get paid for it.

Let’s say you’re an expert in a subject, but don’t think that a book is the right way to communicate the knowledge you want to share.

You can do it with an online course.Whenever someone buys the course, you’ll get paid.

5. Create a website and get advertisement revenue.

If you’re an expert in a subject, but that subject isn’t fit for a book project or an online course, set up a website!

Use WordPress, Weebly, or some other web-creation platform to make a site and make your guide there. Then sell online ads on your site so that you get some spare revenue whenever someone reads your work.

6. Create YouTube videos.

Stick with me. Let’s say you’re an expert on a subject, but the best way to convey your information isn’t in a book, an online course, or a post on the web. Instead, consider making a YouTube video.

As with the web, YouTube lets you set up ads on your videos. People searching for those subjects will find your videos, watch them, and then the ad revenue will roll in indefinitely.

7. Already having a website?Use referral links.

Whether your website is an online guide, a blog, or whatever else, use referral links whenever you discuss a product.

Amazon for example, let you add a bit of code in the URL of a product. If anyone buys the product through that URL, you get a percentage of the revenue from that purchase.

8. Be in a commercial.

Any actor will tell you that getting an acting gig — even a commercial — is tough. But if you live in a major metropolitan area, though, it isn’t as difficult to become an extra.

If the contract is good, you can make some serious money. One of my friends was featured in a Target commercial that was in heavy rotation during the 2012 Summer Olympics. He got $500 every time it aired and used the cash to pay off a good chunk of his college tuition.

9. Use Bing, earn money.

Microsoft will give you money just by using Bing instead of Google.

10. Invest in stock.

Unfortunately, stock is not for everybody.The good news are that there are a bunch of useful applications and website that could guide you on how to invest in the right way.

 

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