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Need a passive income stream? Here are 9 ways to make money online – CBS News

Make some extra money by turning one of your passions or hobbies into passive income.

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Inflation has reached rec…….

Make some extra money by turning one of your passions or hobbies into passive income.

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Inflation has reached record levels and prices on just about everything remain high. Congress has worked to pass legislation such as the Inflation Reduction Act aimed at lowering costs for Americans, but there are still questions about whether it will solve inflation. 

Cutting corners and careful budgeting can help – but it might not always be enough. If you’re looking to reduce some financial stress, you might want to consider creating a passive income stream. Fortunately, the internet makes this easier than you’d think. There are dozens of ways to make money online without any special training – like getting paid to take surveys, for example.

9 passive income ideas to help you make extra cash

Before you begin your passive income journey, it’s important to understand what it means. Essentially, passive income is money you’re making from a source or business other than your direct employer. It typically is a task or action performed on the side that doesn’t require a lot of effort (hence why a lot of the suggestions below exist online).

“Passive activities include trade or business activities in which you don’t materially participate. You materially participate in an activity if you’re involved in the operation of the activity on a regular, continuous, and substantial basis,” the IRS explains on its website.

If you’re looking to create a passive income stream, here are seven ways to make some extra cash.

1. Take online surveys

Giving your opinion and taking part in market research can be an easy way to make money online. Some of the more popular survey sites include Survey Junkie, Swagbucks, OneOpinion, Opinion Outpost and Ipsos iSay. 

Find out how you can make a few extra bucks from home by taking online surveys now!

Keep in mind: These won’t bring in huge earnings. Swagbucks says its members earn about $1 to $5 per day. Just make sure you do some research before you get started or commit to participating in any online surveys. 

2. Start a blog

Blogs aren’t just for fun these days. They can be quite the moneymaker when done right. The key is to pick your niche, build your audience and then monetize the blog. Just remember: Building a following can take some time, so be patient.

You can do this through affiliate marketing, which earns you a commission when someone clicks a monetized link or buys a product that’s …….

Source: https://www.cbsnews.com/news/passive-income-stream-make-money-online/

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