One of the side hustles I’ll share in this post can earn you $175 to $700 per day in passive income.
So, in today’s post, I’ll share with you different side hustles you can start today that could help you make hundreds of dollars in passive income from the comfort of your own home.
Side Hustles To Make $700 Fast
The best part is that none of these side hustles require specific skills. All you need is your phone or laptop and an internet connection.
And, of course, a lot of time and discipline on your part, because I see many people misunderstand the concept of passive income.
They think someone will throw money at them without doing anything while sleeping.
Even though it’s true that you can make passive income while you sleep, most people don’t realize it takes a lot of hard work to get to this stage of financial freedom.
So, I want you to please have the right mindset before starting any business.
1. renting out space
Now, let’s start with the first side hustle, which might be something you never thought about before.
Did you know you can rent out anything you own? You can easily make passive income every month by renting out space in your backyard, driveway, basement, attic, or even an empty closet in your bedroom.
Yeah, you heard that right. People will actually pay you hundreds of dollars per month to store their things in your space.
If you go to this website called neighbor.com and then click on “become a host” at the top, you’ll be able to list anything from your garage, parking lot, your driveway, all the way to your attic or closet
For example, we have this person who’s renting out his garage for $700 per month.
And another person who’s renting out the basement for $76 per month, or this person right here who decided to rent out his closet for $10 a month.
You might find that weird or funny, but these are real examples of people making passive income every month by renting out their unused spaces.
People will rent out your space to store different things like random boxes, cars, business inventory, and other stuff.
Getting started with this side hustle is pretty simple, and the best part is that it’s 100% free. Simply go to neighbor.com/host, and click on “list your space.”
From there, you can sign up for a free account, and you’ll be ready to go.
The only downside of this website is that it’s only available in the United States, but don’t worry; you can still use the same method if you’re not in the United States.
So what you can do is basically list your offers on the Facebook Marketplace or any similar apps in your area.
Now, with this side hustle, you can expect to make anywhere from $50 to $300 per month, depending on what you’re offering.
Overall, this is definitely not the highest paying side hustle out there, but I believe it’s a decent way to make passive income and earn extra money without leaving your home.
2. Amazon Influencer Program
Unlike the next side hustle, where it can potentially make hundreds of dollars daily with minimum effort and only using your phone.
I personally think this might be the easiest way to make passive income online.
I’m not sure whether you’ve heard of the Amazon Influencer Program, but the way it works is that Amazon pays you a commission for recording product review videos.
As you know, when you go on Amazon to buy a product, you start by looking at the price, reading the description, and checking the reviews.
Sometimes we watch review videos to see what others think about the product we want to buy.
But what most people don’t know is that these creators get paid commissions by making these videos.
Every time someone watches at least 30 seconds of the video and then decides to buy the product, the video creator earns commissions.
We all know that Amazon is the world’s largest online retailer, so there’s a massive opportunity for you to make money with this method.
To get started, you first need to sign up for the Amazon Influencer Program.
Once you get accepted, you can start making videos, and the videos don’t have to be something crazy, as most of the creators on the platform are just using their phones.
The best thing you can do is look for products with no video reviews, and there are literally thousands of them.
After that, you need to order the product and make a video in which you talk about your general experience with it and give some information about it or answer some common questions.
The best part is that you only need to make this video once, and it will remain on the platform forever, which could potentially earn you daily commissions without you doing anything.
I also follow a YouTuber who tried this side hustle for eight months, and he was able to earn consistent passive income ranging from $175 to $700 per day, which is something incredible.
So what I’m trying to say is that there’s a lot of money to be made with this side hustle, and all you need is the commitment to see the results.
If you ask me which side hustle I would personally start, I would go with the Amazon one, as it’s proven to work, and it’s easy to scale and grow.
3. Take Online Surveys
When I first started trying to make some extra cash, I began by doing paid surveys because they were easy. Back when I was in college, I’d fill out surveys while riding the bus to class.
I wanted to make the most of my free time because I was broke and had a ton of student loans to pay off.
Did doing these surveys help me pay off my loans? Not really, but they did help me afford coffee while I was studying for exams!
Don’t expect to get rich from this. It won’t make you wealthy, but it can give you some extra spending money.
I enjoy doing surveys when I have spare time and nothing else to do. Over the years, I’ve made thousands of dollars in cash and freebies from them. And believe it or not, I’ve been doing paid surveys since way back in 2009!
If you’re looking for a good place to start, I always recommend Swagbucks. They’ve given me loads of free Starbucks coffee.
What do I do? I answer surveys, watch videos, and shop online. It’s pretty simple, really.
Some other legit paid survey companies you might want to try include Survey Junkie, MyPoints, and InboxDollars.
4. Become A Freelance Writer
Freelance writers earn money by turning their ideas into written words, which is why freelance writing is considered one of the top online jobs due to the abundant opportunities available.
Some writers even make six-figure incomes in this field, and you can learn how to do the same!
One avenue is becoming a blog writer, crafting posts for businesses and personal brands to use as marketing content.
Another option is writing email newsletters, providing engaging content for clients’ subscribers.
Freelance writers can also delve into scriptwriting, creating captivating scripts for YouTube videos or online courses.
Additional writing opportunities include ghostwriting, book writing, course creation, and technical writing.
Payment is typically based on word count or per article, with rates varying by niche and project.
Beginners may earn around $0.06 – $0.12 per word, while experienced writers can command $0.20 per word or more.
To earn $700 weekly as a new writer, you’d need to complete approximately 5,833 to 11,666 words in 7 days, equating to 1-2 articles per day depending on word count.
To succeed, practice writing regularly and ensure your content is engaging. Research your chosen industry and the type of content being published within it.
You can find freelance writing opportunities on job boards such as Upwork, Freelancer, and ProBlogger, or by reaching out directly to bloggers in your niche who may require assistance with content creation.
5. Become A Virtual Assistant
Virtual assistants are no longer exclusive to large, traditional corporations. With businesses expanding their online presence, the demand for virtual assistants (VAs) to manage various aspects of operations has surged.
The primary responsibilities of a VA typically revolve around administrative tasks such as scheduling meetings, handling emails, and conducting follow-up calls. Additionally, VAs may be tasked with creating sales invoices and performing data entry duties.
Virtual assistants have the flexibility to work part-time, full-time, or freelance their services.
Typically, entry-level VAs earn approximately $16 to $20 per hour through service-based platforms like Fiverr and Upwork.
To earn $700 in a week, this would require working approximately 35-43 hours, depending on your hourly rate.
6. Start A Service-Based Business
You might wonder why I advocate for service-based businesses over product-based ones.
Well, the beauty of service-based ventures lies in their low initial capital requirements, especially when operated online.
What I find most appealing about these businesses is the ability to build something substantial from minimal investments and eventually establish a reliable source of passive income!
For those unfamiliar, service-based businesses offer specialized services to individuals or other businesses.
This can encompass a wide range of offerings, such as marketing agencies, bookkeeping services, website design, business growth coaching, and much more.
Nearly anyone with sufficient expertise can venture into this field, so it’s worth considering what you excel at.
For instance, if you’re a top-performing salesperson, you could start a coaching service to teach aspiring salespeople the art of selling.
Share your insights on making sales without resorting to aggressive tactics, drawing on your past successes as validation.
Another example is becoming an online dietitian. Many individuals seeking improved health require guidance with their nutrition.
You could offer personalized diet plans tailored to clients combating obesity or simply striving for better health, charging a premium for your services.
Additionally, you could provide meal-prepping assistance, aiding busy individuals in meeting their dietary goals.
7. Do Spotify Playlists
I was just going through Instagram stories, and I got an ad for a playlist.
I thought the music sounded perfect for focused work, so I clicked on it and downloaded the playlist on Spotify.
I then thought nothing more of it, and went on with my day, as normal.
Fast-forward to the next day, and I was getting bombarded with different Spotify playlist ads.
This is probably because I interacted with the first ad, and now the floodgates were open.
However, I then realized the ads weren’t being run by Spotify themselves, it was all individual people. So that got me thinking.
If people are prepared to spend money running ads, then they must be making a profit from owning these playlists. So I did a bit of digging, and it turns out I was correct.
This is a great way to make leveraged income, especially if you don’t have a lot of money to begin with.
You just need to spend time putting together a solid playlist in a specific genre, gain followers, and figure out a way to make money from it.
There seems to be two main ways of doing this. I prefer the second, but you may think differently.
The first way is to charge up-and-coming artists a fee for getting featured on your playlist.
When new artists are trying to break into the scene, they’re interested in one main thing, Spotify streams.
This is why an engaged playlist is so powerful, as once you’ve built it, you can supply that artist with a predictable amount of monthly streams, and charge accordingly.
You can even have a different pricing structure depending on how close to the top you place their song.
This is certainly achievable, and I could see you making thousands a month doing it.
However, here are the issues. It’s against Spotify’s terms of service, and not very passive, as you have to be in contact with the artists to sell song placements.
The second way is to start a Patreon. An artist can sign up to a monthly membership in return for the chance to submit their music to your playlist.
This is a lot more passive, as the money would be coming in automatically on a monthly basis, and all you have to do is review music and update the playlist.
You could easily charge $5 a month, and if you get 1000 artists signed up, you could be making 5,000 per month.
This way also feels less dishonest, as you can actually pick songs you enjoy rather than taking money to put bad music on your playlist.
The best thing of all is that you can replicate the process as many times as you like, and build playlists in lots of different genres.
8. Create Digital Downloads
The internet is definitely the place to make lots of money, as its growth has been exponential. In 2020, there were 305,000 online businesses created, compared to only 13,000 in 2019.
With all these people starting online businesses, you may think the competition is going to be sky-high, and yes, it’s harder now.
However, I think there is a huge gap in the market for digital products.
Just think about it. Everyone is talking about eCommerce and drop-shipping, but far less are actually selling quality digital products which have the benefit of never running out of stock, and no shipping costs, as it’s all done via the internet.
A friend of mine created a digital template system you can use on Instagram, just off the back of a problem sent in by one of her followers, who wanted to stand out.
Within a couple of hours and no more than $100, the templates were designed, and she now sells thousands of dollars’ worth every week.
This all came from helping another person with their problem, and she thought that if this person needs these templates, then others would, too.
If Instagram templates aren’t for you, then you can make YouTube banners, sell stock footage, eBooks, games, email templates, or even online courses.
Conclusion
Instead of overthinking, start taking action, and it’s better to try and fail than not try at all. That was the end of today’s post.
Let me know in the comments which side hustle you like the most and what would you rate each one out of 10. Thanks for your support, and I’ll see you next time.
