How many of you have heard about mailbox money? Not many of you right? But don’t worry this is not such a complicated thing. Mailbox money is just another term that is used to describe passive income. If you just look at the change that the world has gone through you will realize that there are lots of ways to earn money now compared to the past. Technological advancements have been the driving force behind these developments. Today there are many ways in which you can earn passive income. The best part is you don’t even have to work hard. All you need to have is a laptop and a good internet connection. If you don’t have a laptop then you can find many side hustles that you do use your cell phones. You will be shocked to know that you can even make money by simply texting.
However, these are not the only ways in which you can earn money. There are lots of other ways in which you can earn money online. The great thing about these jobs is that you don’t have to do complex tasks. You will get paid for doing regular things. It is hard to believe but how many people actually know that they can actually make money by watching videos. You can even watch ads and some websites will pay you money for that too. Not only that you can even earn money by writing reviews and taking online surveys. But the problem with all these side hustles is that you don’t earn much money. They are really good if you want to earn a few dollars but you have to do some other things if you want to make more money.
Here are a few through which you can earn mailbox money.
Create a blog or website
This is one of the best things you can do if you want to earn mailbox money. Just think about it, the internet is available to more people than ever before. So you have a big market that you can get into. Many people know this yet they don’t start their own website. This is because they don’t know how to create a blog or website. You can hear the same excuse from many people. However, that is not a valid one. Because there are lots of ways in which you can build a website. Building a website is comparatively easier now compared to the past. You can use templates and customize them according to your preferences to create the kind of website you want.
There are a lot of web hosting services like Bluehost that give you the necessary tools to build your website. You will be surprised to know how easy it is to build a website. Another problem the people face is what content they should post on their website. The answer is simple, post about things that you are good at. When you create a website you have to make sure that you don’t put out any misinformation about anything. So the best way to avoid this post about the things you know. It can be anything. You can post about cooking, gadgets, technology, entertainment, fitness, and many more. But you also have to put in a little effort in marketing it so that you can reap the benefits when you monetize your website or blog.
Investing is not something that people think about when they are looking for ways to earn mailbox money. But it can actually become a great source of passive income. Many people are afraid of investing as they only think about the stock market. You must understand that is not the only type of investment that is out there. You can invest in mutual funds which are pretty safe. There are many firms that offer great mutual fund programs. Ask your friends or family members about the best mutual funds that are available in the market. Choose a well-reputed firm and invest your money through them. There is lots of competition in the market so there are many companies that offer plans at a low cost.
If you want you can even try peer-to-peer lending. There are lots of peer-to-peer lending platforms that are out there that you can use to make money. On these platforms, you will be lending money to people who ask for a loan. You can look at the amount and decide if you want to lend them money or not. The best thing is that you don’t have to loan them the entire amount but instead you can fund it along with other individuals. When the person pays back the loan they pay it with added interest. So you will get more than what you lent. You don’t have to worry about security as the personal information is kept completely confidential.
Promote affiliate products
If you create a blog or website then this is another way in which you can earn money. You can earn money by promoting products by being an affiliate of the company that produces it. Amazon is probably the first company that has made affiliate marketing popular. If you own a blog then you have to write a topic about something that the product is useful for and provide an affiliate link in the content. Using this affiliate link the users can go to the main website and buy the product. When they buy the product the company will know that the customers have been directed to their website through your affiliate link. After that, the company will pay you a small percentage of the profit.
Rent out a room on Airbnb
This is probably the easiest way to earn mailbox money. You don’t even have to do anything. All you need is to have an extra room. If you do then you can rent it out on Airbnb to make money. It will be way easier for you to do this if you live in a city. First, you have to go to their website and see if you fit the criteria. If you do then you can rent out the room. For this, you have to provide a description of the room, along with pictures and addresses. The best part about this is that you can set your own price. But don’t go overboard with the rate. Look at how much others are charging and fix your rate accordingly. They even provide insurance if a guest damages your property.
Sell the stuff you don’t want online
Many people do not think about this as they don’t know that they can sell almost anything online. It doesn’t matter if the items are old. There are some people who would like to buy them. You will find a lot of websites where you can sell things like your old cell phone. But not just that you can even sell your old appliances and furniture. There are many websites like Craigslist that will allow you to sell your items locally. You can also find websites that will buy the products directly from you. Those kinds of websites are the best places to sell your old laptops. Not just that you can also sell stuff that you don’t think can actually be sold online. For instance, you can make money by selling used ink cartridges.
These are some of the best ways to earn mailbox money. Everyone likes a little bit of extra money. It will help you in reaching your financial goals. So choose one of the above ways if you want to make more than a few bucks.