Passive income is a dream for many, and with the rise of the sharing economy and digital platforms, it's more accessible than ever. Here are some ways you can make money passively:
Turo:
Turo is a peer-to-peer car-sharing platform that allows car owners to rent out their vehicles to individuals looking for a temporary car rental. Founded in 2009 and headquartered in San Francisco, Turo operates in over 5,500 cities across the United States, Canada, and the United Kingdom.
Using Turo, car owners can list their vehicles for rent, set their own rental prices, and manage bookings through the platform. Renters can browse available vehicles, select the dates and location for their rental, and book the car that best suits their needs.
One of the key features of Turo is its flexibility. Owners can choose when their vehicles are available for rent, allowing them to earn money from their cars when they're not using them. Renters, on the other hand, have access to a wide range of vehicles, from economy cars to luxury vehicles, at competitive prices.
Turo provides insurance coverage for both owners and renters, including liability insurance, comprehensive and collision coverage, and 24/7 roadside assistance. This helps protect both parties in the event of an accident or damage to the vehicle.
Overall, Turo provides a convenient and cost-effective alternative to traditional car rental services, allowing car owners to earn money from their vehicles and renters to access a wide range of cars for their transportation needs.
GetAround:
GetAround is very similar to Turo, but here are a few ways they differ in how they do car rentals:
- Ownership Model: Getaround primarily focuses on peer-to-peer car sharing, where individuals rent out their personal vehicles to others. Turo operates in a similar manner, but it also allows commercial car rental companies to list their vehicles on the platform.
- Geographic Availability: Getaround is available in select cities in the United States, as well as in Europe. Turo is available in the United States, Canada, the United Kingdom, and Germany, among other countries.
- Vehicle Selection: Getaround offers a wide range of vehicles, including economy cars, SUVs, and luxury vehicles. Turo has a similar selection but also includes unique or specialty vehicles, such as classic cars, sports cars, and exotic cars.
- Booking Process: Getaround offers hourly and daily rentals, with a focus on short-term rentals for tasks like running errands or taking a day trip. Turo offers flexible rental periods, allowing renters to book vehicles for a few hours, a day, or even longer durations.
Wrapify:
Wrapify is a unique advertising platform that allows drivers to earn money by wrapping their cars in advertisements. The concept is simple: drivers sign up with Wrapify, and if their vehicle meets the company's requirements, they can choose to have it wrapped in a vinyl decal featuring advertising for a specific brand or campaign. In return, drivers receive a monthly payment based on the size of the ad, the duration of the campaign, and the number of miles they drive.
Wrapify offers three types of campaigns: Full wrap, Partial wrap, and Lite. Full wrap campaigns cover the entire vehicle and offer the highest potential earnings, ranging from $264 to $452 per month. Partial wrap campaigns cover specific areas of the vehicle, such as the doors or windows, and pay between $196 and $280 per month. Lite campaigns are smaller decals that pay between $181 and $280 per month.
One of the key benefits of Wrapify is its passive nature. Once the ad is installed on the vehicle, drivers can continue with their daily routines while earning money. Additionally, Wrapify provides drivers with the flexibility to choose when and where they drive, allowing them to maximize their earnings based on their schedule.
Wrapify's platform also benefits advertisers by providing a cost-effective way to reach a large audience. By leveraging the visibility of vehicles on the road, advertisers can increase brand exposure and generate buzz around their products or services.
Overall, Wrapify offers a creative and lucrative way for drivers to earn money while providing advertisers with a unique and effective marketing solution.
Foap:
Foap is a platform that allows photographers and videographers to sell their visual content to brands and individuals looking for high-quality images and videos. The concept is simple: users upload their photos and videos to the Foap app, where they are made available for purchase by brands, agencies, and individuals around the world.
One of the key features of Foap is its user-friendly interface, which makes it easy for photographers of all skill levels to upload and sell their work. Users can organize their photos into albums, add tags and descriptions to make them more discoverable, and set their own prices for each image or video.
Foap operates on a revenue-sharing model, where photographers receive 50% of the revenue generated from the sale of their content. This means that photographers have the potential to earn passive income from their photos and videos, even long after they have been uploaded to the platform.
Foap also offers a range of missions and challenges, where brands and agencies post briefs for specific types of photos or videos they are looking for. These missions offer photographers the opportunity to earn additional income and gain exposure for their work.
Overall, Foap provides a platform for photographers and videographers to showcase their talent, connect with potential buyers, and earn money from their passion for photography and videography.
Nielsen Mobile:
The Nielsen Mobile App is a data collection app that allows users to earn rewards for sharing their internet and mobile usage habits. Users who install the app on their mobile devices opt-in to share their browsing and app usage data with Nielsen. This data is collected anonymously and used by Nielsen to gather insights into consumer behavior and trends.
By participating in the Nielsen Mobile App, users can earn rewards such as gift cards, sweepstakes entries, and other prizes. The app typically pays $50 per year per device, although the exact rewards and payout methods may vary.
The Nielsen Mobile App is available for both iOS and Android devices. Users can download the app from the App Store or Google Play Store and follow the instructions to install and set it up on their device. Once installed, the app runs in the background and collects data automatically, requiring minimal effort from the user.
Overall, the Nielsen Mobile App offers a simple way for users to earn rewards by sharing their mobile and internet usage data. It is a popular choice for those looking to monetize their online activities passively.
Brave Browser:
The Brave browser is a privacy-focused web browser that offers a unique way for users to earn money while browsing the internet. Here's how it works:
- Privacy-Respecting Ads: Brave users can opt-in to view privacy-respecting ads while browsing. These ads appear as notifications in the browser, often as small pop-ups in the corner of the screen. Users are rewarded with Basic Attention Token (BAT) tokens for viewing these ads.
- BAT Rewards: By viewing these ads, users earn BAT tokens, which is the native cryptocurrency of the Brave browser. Users can accumulate BAT tokens over time as they continue to use the browser and view ads.
- Contributing to Creators: Users can also use their accumulated BAT tokens to support content creators on the web. Brave has a built-in feature called Brave Rewards that allows users to automatically contribute BAT tokens to their favorite websites and content creators based on the time spent on their sites.
- Premium Content: Brave also offers a feature called Brave Premium Content, where users can earn BAT tokens by viewing sponsored images on the browser's new tab page. Users can opt-in to view these images and earn BAT tokens in exchange for displaying sponsored backgrounds when opening a new tab.
- Monthly Payouts: Users receive their BAT rewards monthly, making it a consistent source of passive income for those who choose to participate in the Brave Rewards program.
Airbnb:
Airbnb allows you to rent out your home or parts of it to travelers, earning passive income from your property.
You'll earn money from Airbnb through guest bookings. Airbnb charges hosts a service fee for each booking, typically around 3% of the booking subtotal. The rest of the payment goes to you, the host.
Make sure to familiarize yourself with local laws and regulations regarding short-term rentals. Some cities have specific rules and restrictions for Airbnb hosts.
Studypool notes:
Studypool allows you to earn up to $5,000 USD a month by sharing your study notes with students.
You earn up to $10 every time a student views your notes.
This gives you a way to earn money passively from your college class notes while helping others.
Neighbor:
With Neighbor, you can get paid to rent out your extra storage space to someone else.
Here, you could make a few hundred dollars per month passively.
Spacer:
Spacer is a platform that allows individuals to rent out their unused parking spaces to people in need of parking.
It provides an alternative to traditional parking facilities by leveraging existing space in residential areas, commercial buildings, or other properties.
This is another place where you can make a few hundred dollars per month on the side from something you already have.
RVshare:
If you own an RV, you can rent it out on RVshare when you're not using it, earning passive income from your recreational vehicle.
You can list just about any class of van or RV on here and earn up to $5,000/month passively, according to the website.