Earning passive income has become increasingly accessible through various apps that allow you to monetize assets or activities with minimal ongoing effort. Below are nine apps that can help you generate passive income:
1. Getaround – Rent Out Your Car
Getaround enables you to rent out your vehicle when you're not using it. By listing your car on the platform, you can earn passive income from renters seeking short-term vehicle use. The app provides insurance coverage and allows you to set availability and pricing, making it a flexible option for car owners.
They even have a keyless option where you can rent out your vehicle without coming in contact with the other party.
2. Turo – Earn $900+/Month Renting Your Car
Similar to Getaround, Turo allows you to rent out your car to individuals in need of a vehicle. According to Turo, the average annual income per car is $10,516, which breaks down to approximately $876 per month. This platform offers an opportunity to generate substantial passive income, especially if you have a vehicle that sits idle frequently.
Turo also covers your car using Travelers Insurance in case something happens.
3. Neighbor – Rent Out Your Storage Space
Neighbor connects people who have unused storage space with those in need of storage. Whether it's a garage, basement, or even a closet, you can list your space on Neighbor and earn passive income by renting it out. This app provides a secure way to monetize unused areas of your home.
4. Wrapify – Earn Up to $500/Month with Car Ads
Wrapify pays you to display advertisements on your vehicle. By wrapping your car with ads, you can earn up to around $500 per month, depending on the campaign and driving habits. The app tracks your mileage and routes to match you with suitable advertising campaigns, turning your daily commute into a source of income.
They also have different levels of wrapping if you want to wrap the whole car or just a portion of it.
5. Stash – Invest with Fractional Shares
Stash is an investment app that allows you to invest in fractional shares of stocks and ETFs with as little as $1. It offers budgeting and savings tools to help you manage your finances. Instead of charging a percentage of your investment, Stash has low monthly fees, making it accessible for beginners looking to build passive income through investments.
They also invest for you automatically, creating passive income that you don't have to worry about.
6. SavvyConnect – Earn Up to $180/Year Through Data Collection
SavvyConnect is a market research app that collects data on your internet usage to help companies understand online behavior. By installing the app on up to three devices (desktop, mobile, and tablet), you can earn $5 per device per month, totaling up to $180 per year. Additionally, you can earn bonuses ranging from $5 to $15 for each referral who completes a project.
Just make sure the app is installed and working in the background and it will do the rest.
7. Nielsen Mobile – Earn $50/Year Per Device
Nielsen, known for its TV ratings, offers an app that collects data on your internet usage. By installing the app on your devices, you can earn $50 per year per device. Earnings can be redeemed via Visa, Amazon, and other gift cards. Participants are also entered into sweepstakes with prizes ranging from $25 to $1,000.
8. Sweatcoin – Get Paid to Walk
Sweatcoin is a fitness app that rewards you for walking outdoors. It tracks your steps using GPS and doesn't require Wi-Fi or data. Users can earn a maximum of 150 sweatcoins per month, or up to 600 with a premium membership that costs 30 sweatcoins. Earnings can be used to redeem deals and offers from over 300 partnered brands.
You can even trade your points in for gift cards, if you want.
9. Dreamstime – Monetize Your Photos
Dreamstime is a stock photography platform where you can upload and sell your photos. Once your images are approved and listed, they can generate passive income each time they're downloaded by users. This is an excellent option for photographers looking to monetize their work without ongoing effort.
They also seem to allow you to sell videos and audio files now.