$50 may not sound like a big amount of money to be earning every day, but don’t underestimate the power of passive income compounding. There are many ways in which you can put in minimal to no effort and still have a steady stream of income coming in every month.
Even if it’s just $50 of extra dough every day, this adds up to a whopping extra $1500 a month. Still don’t seem like much?
That actually amounts to $18,000 of extra income every year. How badly would you want an $18,000 raise at your current job? Instead of working towards a difficult raise, put in just a little bit of your time and energy in a couple of different activities that can earn you this extra cash.
We’ve included 8 ways in which you can easily work towards getting the extra $18,000 in your life. Some of the methods involve more work than others, so you have to figure out what makes sense for you personally. Some jobs can come naturally while others might take up too much of your time. Never get into something that takes more time than the money is worth.
So without further ado, let’s get into these 8 ways in which you can earn $50 a day (or $18,000 a year!)
Table of Contents
Dropshipping
If it seems like everyone is starting a dropshipping firm these days, don’t worry because it is still a very profitable venture. It doesn’t take too much time to set up, once you zero in on a niche with a lot of demand and then you simply set the processes in place to enjoy lots of passive income trickling in! There are people who live off their dropshipping business, so you can definitely earn $50 a day or more.
Selling Things on eBay
Ever since the early 2000s, eBay has been a go-to spot for people to buy things. You can buy and sell just about anything on eBay. In fact, we’d recommend that everyone should have an eBay account in the way that they have a social media account.
You can actually make a very decent profit by selling second-hand items on eBay without it taking too much of your time.
Start by selling things around the house that you don’t need. You’ll be surprised to find lots of things cluttering up your space. One man’s trash is another man’s treasure! There might be someone out there who’s been looking to own exactly what you have.
Once you’ve made a decent number of transactions by selling things around the house, it’s time to start buying and selling. Don’t spend too much of your time on this, but visit flea markets and yard sales to buy second-hand things or collectibles. You can then sell these cool things on eBay for much more.
If you’re wondering, who would buy it from you on eBay when they could just directly buy from the flea markets: people love convenience. Not everyone has the extra hours to walk around shopping and they’re happy to pay a little extra if it saves them time.
Sell on Poshmark
Poshmark is especially for fashion, and if you love thrift shopping and constantly updating your wardrobe, this is for you! Try to find areas that are unexplored: such as having a fashion niche of selling only denim jackets, or catering to plus-sized women!
Of course, this is in no way passive income, because it involves thrift shopping and putting up ads on Poshmark and then being present for the buying process. But if it’s something you love, then the extra hours won’t make a difference. You can easily earn much more than $50 a day with this option.
Freelance Part-time
There are a lot of skills that are in high demand: namely writing, web design, graphic design or voiceovers. If you have a skill then there should be nothing stopping you from taking out one hour a day to work on small projects. You can easily earn $50 a day with writing, and much more with any other freelance project.
A lot of people like taking up voice-overs as their freelance skill of choice. If you’re ever been involved with acting or theater, chances are that you already know how to enunciate clearly and talk well. With a minimal investment in the right equipment, you can set aside 30 minutes a day to take up voice-over gigs. You’ll earn more as a bonus if you can realistically do accents or know other languages as well (for translation).
Take Surveys
Yes, surveys are real. There are lots of scams out there that claim you can make exorbitant amounts of cash simply by answering a couple of questions. The reality is that it’s very difficult to make a lot of money (as your sole source of income) simply by taking surveys.
However, there are real sites that do pay reasonable fees for carrying out some surveys. You would only have to take out 30 minutes to an hour a day to fill out a couple of surveys for companies’ market research, and you can easily get paid $50 per day. They can also be quite fun!
Create a Course
Most of us are really good at atleast one thing. Even if you don’t have a lot of skills and experience, you probably have some soft skills that you can help others with. Think of it this way: when do your friends and family come to you for help? If it’s relationship advice, career advice, cooking advice, technological help: these are all things that you’re clearly good at, else they wouldn’t be asking you.
If you have the right video equipment and can be presentable and clear: you can create a great course and host it on a platform with other courses like Udemy or Coursera. If your course is made well, provides value to other people, then it’ll do really well and you’ll keep earning passive income as more and more people sign up for your course.
Babysit in your Neighborhood
Babysitting isn’t just for teenagers trying to earn some extra cash. You can do a great job of babysitting as an adult as well, and many parents would actually prefer that their kids were with you than a teenager.
You can either go to their home or get them to your house and engage them in very simple activities. Of course, you should have some experience with babysitting and should be able to take care of them should anything go wrong. Most of the time, babysitting doesn’t involve much more than giving the kids dinner, letting them watch a show or reading a story to them, and then watching over them while they sleep!
If you already have kids of your own, this job gets much easier. You’re much more trustworthy as a parent yourself, and the chances are that your kids and the kids you’re babysitting will all play together. You only need to watch over all of them, and you can definitely earn more than $50 a day with just a couple of hours of non-intensive work.
Dogwalk in your neighborhood
If you love going out for a jog in the morning, and love dogs: dog walking will be a piece of cake for you. You can spend time with different dogs from your neighborhood and enjoy a leisurely stroll. There will be the occasional poop scoop, but nothing that can’t be dealt with some good equipment.
Conclusion
You can easily earn $50 a day by ensuring that you spend a couple of hours doing something fun and valuable. Choose a method that won’t feel like a chore (don’t babysit if you don’t like kids) (don’t sell on Poshmark if you hate shopping for clothes) and you’ll barely realize that you’re working.
Most of us like spending a couple of hours a week on some kind of hobby or activity, so you can take this one step further and make passive income off it!
